Top 10 at 11: Historical drilling reveals uranium, copper and antimony

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms that have made announcements.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.

Briefly, here’s what’s been happening already this morning: The ASX has opened higher this morning, with Small Caps leading the charge early in the session to have the benchmark up 0.3% half an hour into the session.

However, Telcos and Consumer Staples are lagging this morning, and the goldies are trading pretty much flat for the day so far as well.

WINNERS

Stocks highlighted in yellow have made market-moving announcements (click headings to sort).

Security	Description	Last	%	Volume	MktCap
OCT	Octava Minerals	0.13	170.8	7,342,931	$2,151,001
NRZ	Neurizer Ltd	0.004	33.3	210,000	$6,543,358
PUA	Peak Minerals Ltd	0.0025	25.0	993,553	$2,969,290
AUK	Aumake Limited	0.006	20.0	363,000	$9,641,205
LML	Lincoln Minerals	0.006	20.0	2,343,902	$10,281,298
IBX	Imagion Biosys Ltd	0.027	17.4	15,000	$819,871
TRM	Truscott Mining Corp	0.07	16.7	41,666	$10,979,914
BMO	Bastion Minerals	0.007	16.7	1,372,291	$3,039,075
POS	Poseidon Nick Ltd	0.0035	16.7	230,464	$12,545,926
PTR	Petratherm Ltd	0.05	16.3	720,156	$9,731,754

Octava Minerals (ASX:OCT) was flying on Tuesday morning, after the company announced that historical drilling from 2015/16 at its Discovery project in WA had returned significant levels of antimony, with the best of the drill results offering 3m @ 6.83% Sb from 21m including 1m @ 13.6% Sb from 22m, and 7m @ 3.27% Sb from 12m including 1m @ 11.5% from 18m.

Lincoln Minerals (ASX:LML) was gaining on news that a recent field sampling program at the Company’s 100%-owned Eridani uranium project, located around an abandoned quarry site, shut down by the South Australian Government in 1944 due to the presence of high radioactivity in surface geology. Surface pXRF sampling has returned results up to 9250ppm uranium at the site, with lab assays due back in October.

Bastion Minerals (ASX:BMO) is resampling historical drill samples from the ICE prospect, which currently boasts an “historical, foreign non-JORC resource” of 4.56Mt @1.48% Cu in the Yukon Territory, Canada. The company says that the core is “in good condition and is laid out on site in an orderly manner … Reviewing and re-assaying the core is an important step towards defining a JORC-compliant resource for the project.”

Petratherm (ASX:PTR) was up Tuesday morning on news it has received firm commitments to raise $1.6M by way of a placement of new shares with funds to be used to expedite exploration on the Company’s Muckanippie Titanium Project. Drilling of the high priority Rosewood and Claypan Prospects for titanium rich heavy mineral sands scheduled to start from the second week of October, and a share purchase plan of up to $1 million will be offered to eligible retail shareholders on the same pricing terms as the placement.

LAGGARDS

Stocks highlighted in red have made market-moving announcements (click headings to sort).

Code	Company	Price	%	Volume	Market Cap
TMX	Terrain Minerals	0.003	-25.0	61,750	$7,064,115
ADD	Adavale Resource Ltd	0.002	-20.0	14,179	$3,059,413
RGL	Riversgold	0.004	-20.0	923,578	$6,637,313
TX3	Trinex Minerals Ltd	0.002	-20.0	2,800	$4,571,631
ASR	Asra Minerals Ltd	0.005	-16.7	857,017	$13,389,348
KCC	Kincora Copper	0.041	-16.3	226,061	$10,093,173
TMK	TMK Energy Limited	0.003	-14.3	620,000	$24,225,642
ADN	Andromeda Metals Ltd	0.007	-12.5	895,783	$27,148,834
CDT	Castle Minerals	0.0035	-12.5	2,300,000	$5,491,256
SPQ	Superior Resources	0.007	-12.5	8,538,167	$17,358,910