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.

Local stocks are picking up where they left off on Wednesday after a very user friendly June quarter inflation read from the Aussie bureau of numbers.

The ASX has opened 0.4% higher on Thursday morning and at 10.45am, it is crazy times in the IT sector, up 1.6%. Also rotating like a champion is the Real Estate sector.

Excellent Eddy does a fine Market Highlights – you can glean more there.

Here’s some early winners!

 

WINNERS

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

Code Name Price % Change Volume Market Cap
BP8 Bph Global Ltd 0.003 50% 125,000 $793,283
EEL Enrg Elements Ltd 0.003 50% 51,233,189 $2,019,930
APC Aust Potash Ltd 0.002 33% 250,000 $6,105,284
EXL Elixinol Wellness 0.004 33% 133,100 $3,963,547
HCD Hydrocarbon Dynamic 0.004 33% 150,706 $2,425,747
IVX Invion Ltd 0.004 33% 4,449,078 $19,813,597
OVT Ovanti Limited 0.004 33% 2,513,577 $3,720,316
SHO Sportshero Ltd 0.004 33% 128,681 $1,853,499
SI6 SI6 Metals Limited 0.002 33% 750,000 $3,553,289
KAI Kairos Minerals Ltd 0.011 29% 11,152,079 $22,277,754
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Gateway Mining (ASX:GML) has offloaded its gold rights for the Eastern Montague Gold Project in WA to Brightstar Resources (ASX:BTR) for $14 mn, comprising $5mn in cash, $7 million in Brightstar Shares and $2mn in deferred Brightstar stock, subject to milestones.

Gateway will retain ownership of all other mineral rights (including base metals) within the Montague East Tenement Group, allowing it to continue its base metal exploration on these tenements in line with its recent exploration focus.

Managing Director, Mr Mark Cossom says the transaction provides Gateway with exposure to regional consolidation upside through Brightstar shares, allowing Gateway to focus on ongoing aggressive exploration for Cu-Ni-PGE.

Mr Cossom, said finialising the deal crystallises significant value from our resource-level gold assets within the Eastern Montague Project.
“The deal is structured in a way that delivers immediate cash into our balance sheet while at the same time giving Gateway a seat at the table of an exciting potential emerging consolidation play in the Sandstone region through a significant shareholding in Brightstar.”

 

Magmatic Resources (ASX:MAG) has confirmed via sampling the copper potential over a massive 6km trend at Black Ridge at Magmatic’s 100%-owned Parkes Project.

Reconnaissance mapping and sampling recently restarted over the Black Ridge copper trend located 15 kms southeast of the North Parkes Copper Mine and comprises surface copper-gold-silver anomalism in a zone extending over six kilometres parallel to the Parkes Thrust. The Black Ridge trend includes multiple small-scale historic workings with outcropping copper mineralisation coincident with a large-scale copper-in-soil anomaly defined by portable XRF sampling

The company says strong results have been returned from recent rock chip sampling along the trend, including up to 6.5% copper from minor unnamed workings at the southern end of the trend.

“The trend is almost entirely untested beyond the surface expression, with previous drilling comprising only three closely spaced RC holes at a single location.”

The Company is well placed to accelerate exploration efforts at Parkes with its Myall Project to the north now fully funded through the Fortescue JV and $6.34M cash at hand at the end of the last quarter. Further work to follow includes mapping, soil sampling and rock chip sampling, with a 23 line kilometre induced polarisation (IP) survey starting this month to identify priority drill targets.

 

Stelar Metals (ASX:SLB) has hit some primary copper sulphide mineralisation and new copper-rich gossans at Baratta in South Australia.

The company says it’s identified a “new parallel copper gossan trend hosting copper sulphides and high-grade copper mineralisation.”

The showstopper copper find was discovered ~400m north of Baratta Mine trend, with the company saying primary chalcopyrite (copper sulphide) mineralisation now identified at Baratta in copper-haematite breccias is indicative of “a substantial primary copper mineralising system.”

High-grade rock chip assays are reported up to 27% copper.

 

The smart building materials company ClearVue Technologies (ASX:CPV) says it’s just hit the lucrative Middle East and Indian construction markets by signing an agreement with Alutec, Qatar’s largest glass processor and façade manufacturer and a group company under Aria Holding.

The breakthrough Five-year deal consists of manufacturing and distribution partnership for ClearVuePV unique Solar Glazing and Insulated Glass Units (IGUs) in Alutec’s key markets.

The agreement opens access for CPV into the booming construction sector across Qatar, The UAE, and Saudi Arabia – which CPV notes has been projected to clock US$240 billion by 2029. The Indian construction sector is thought to hit $1.4 trillion by next year.

 

Strike Energy (ASX:STX) has finalised a $48.5 million deal with Clarke Energy for 20 4.5 MW Jenbacher gas engines, essential for its South Erregulla peaking gas power plant. This fixed-price contract fits within Strike’s budget estimates and ensures timely delivery and commissioning of the engines.

Jenbacher engines have a solid track record in Australia and the UK, and this contract secures key fabrication and delivery schedules, targeting an October 2026 start-up. The payment terms are mostly based on engine delivery, with Clarke Energy also providing commissioning support.

 

Finally, Avita Medical (ASX:AVH) has entered into an exclusive agreement with Regenity Biosciences to develop and distribute a new collagen-based dermal matrix for wound care, following FDA 510(k) clearance. This product will be manufactured by Regenity and marketed by AVITA under its brand name. AVH says the new dermal matrix aims to improve wound care outcomes by enabling faster healing and may set a new standard of care when combined with Avita’s RECELL technology.

Once cleared, Avita plans to conduct clinical studies to evaluate the effectiveness of the dermal matrix alongside RECELL, with results expected in 2025.

 

  

LAGGARDS

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

Code Name Price % Change Volume Market Cap
MHC Manhattan Corp Ltd 0.001 -40% 1,155,291 $4,894,770
MTB Mount Burgess Mining 0.001 -33% 2,495,012 $1,947,220
GTI Gratifii 0.005 -29% 2,527,438 $12,292,334
MMM Marley Spoon Se 0.021 -22% 77,127 $3,178,559
IBX Imagion Biosys Ltd 0.035 -20% 169,360 $1,539,848
UCM Uscom Limited 0.012 -20% 605,418 $3,740,168
1AI Algorae Pharma 0.008 -20% 2,301,164 $16,873,947
AVE Avecho Biotech Ltd 0.002 -20% 158 $7,923,243
BUY Bounty Oil & Gas NL 0.004 -20% 510,000 $7,492,505
TAL Talius Group Limited 0.008 -20% 216,229 $25,744,365
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