Top 10 at 11: Huge yellowcake find and a boat sale are driving the market today

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 – for better or worse – and then I do my best to make sense of who’s moving where and why it might be happening.

Anyway… here’s what’s been happening since the doors were opened this morning.

The ASX opened lower with the benchmark falling sharply but recovering to be around -0.5% after half an hour of trading… but there are a handful of small caps on hand to bring us a few shards of good news.

WINNERS

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

Security	Description	Last	%	Volume	MktCap
LNU	Linius Tech Limited	0.002	33%	420,307	$8,320,111
OAR	OAR Resources Ltd	0.002	33%	3,000,000	$4,833,150
WLD	Wellard Limited	0.032	88%	663,172	$9,031,255
I88	Infini Resources Ltd	0.255	65%	1,463,803	$5,887,415
CLZ	Classic Min Ltd	0.0015	50%	10,206,473	$755,548
PUR	Pursuit Minerals	0.003	50%	2,481,992	$7,270,800
SIH	Sihayo Gold Limited	0.003	20%	169,661	$30,510,640
ARD	Argent Minerals	0.019	36%	5,007,502	$20,067,959
AAU	Antilles Gold Ltd	0.004	33%	250,000	$2,989,605
ALR	Altairminerals	0.004	33%	2,146,888	$12,889,733

Wellard (ASX:WLD) was surging early on news that the company has signed paperwork to offload one of its oldest livestock ships, the M/V Ocean Ute, for $12 million, the majority of which is set to be returned directly to shareholders in a manner that is yet to be determined by the company.

Infini Resources (ASX:I88) announced its maiden field sampling assay results at its 100% owned Portland Creek Uranium Project in Newfoundland, Canada, where the company says the results have exceeded laboratory testing limitations in 17 samples – meaning they are above 1.18% (11,792ppm) U3O8 – and have been sent for additional testing, with other high range samples close to the upper limit for testing of this type. The company says that 52% of the samples tested have come back with readings above 1,000ppm U3O8.

Classic Minerals (ASX:CLZ) was up on news that it has received a funding payment of $155,097.13 under an existing agreement with AuResources AG, taking the total received so far by Classic to $255,376.06 from an initial tranche of $15.3 million.

Argent Minerals (ASX:ARD) was up on news that extensive silver, lead and zinc mineralisation confirmed by a third rock chip reconnaissance program over the Sugarloaf Hill Mineralised Zone within the Kempfield Project in NSW, with silver assays up to 99 g/t Ag, 0.23% Pb and 1% Zn received.

Antilles Gold (ASX:AAU) has advised that on 28 June, 2024, shareholders of the Cuban joint venture mining company, Minera La Victoria SA, formally adopted previously agreed modifications to the existing Joint Venture Agreement, paving the way for the companies to pursue a strategy to progressively evolve as a substantial mining company, with “minimal future contributions required from Antilles Gold”.

LOSERS

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

Code	Company	Price	%	Volume	Market Cap
CUS	Coppersearchlimited	0.06	-0.340659	1,404,689	$10,217,972
LPD	Lepidico Ltd	0.002	-0.333333	619,667	$25,767,358
MTB	Mount Burgess Mining	0.001	-0.333333	28,572	$1,947,220
MSI	Multistack Internat.	0.005	-0.285714	67,116	$954,127
ROG	Red Sky Energy.	0.004	-0.2	479,999	$27,111,136
AVE	Avecho Biotech Ltd	0.0025	-0.166667	730,523	$9,507,891
HLX	Helix Resources	0.0025	-0.166667	520,000	$9,792,581
RGL	Riversgold	0.005	-0.166667	296,135	$7,257,461
ARV	Artemis Resources	0.011	-0.153846	1,350,646	$22,934,550
STX	Strike Energy Ltd	0.2425	-0.133929	9,513,665	$801,016,520