• Alarm bells ring for investors, as Geopolitical Risk spikes intensify
  • That’s bad for the world, but ironically good for gold investors
  • World Gold Council says safe haven status makes gold a highly valuable investment in this day and age

We all know market uncertainties send investors into the ‘safety of gold’, yet the reasons behind those uncertainties are often a round robin of causes and human greed could be seen as the underlying theme behind all of it.

During times of war (when is there not a time of war, though?), nation states involved often seek to accumulate gold to finance their military efforts.

Flip that coin, and when conflict kicks off, it can lead to economic instability and a sizeable depreciation of currencies, prompting nations to hoard gold as a safe haven asset, even if they’re not directly involved.

 

Performance of various assets during geopolitical risk spikes. Based on average weekly performances between January 1999 and September 2024 due to limitation of certain indices. Figures show when the GPR index during the week soared by 100% or more. Source: Bloomberg/World Gold Council.

 

Latest geopolitical ructions send gold rocketing

The Geopolitical Risk Index (GPR) indicates increasingly frequent periods when geopolitical risk is elevated – which have been particularly challenging for investors over the past three years.

So far in 2024, the GPR Index has recorded 15 spikes – days when the Index surged by more than 100% – on the back of tensions in the Russia-Ukraine war and developments in the Middle East. This follows 31 spikes in 2023, 20 spikes in 2022 and 41 spikes in 2021.

The latest over these past two months came with Ukraine’s cross-border attack on Russia and military action between Israel and Iran/Hezbollah after the assassination of Hamas leader Ismail Haniyeh.

Source: World Gold Council.

 

World Gold Council APAC and China researchers Marissa Salim and Ray Jia say that the GPR spikes are leading to asset allocation into bullion as an effective hedge that’s consistently seeing the price punch through all-time highs.

“We believe one of the keys to building this resilience is to prepare for “unknown unknowns”,” Salim and Jia wrote.

“While scenarios such as global economic growth can be deduced from economic data clues, geopolitical risks tend to be sudden and unpredictable. And these geopolitical tensions often lead to financial market turmoil, damaging investor portfolios.

“We believe that gold’s key attributes – its safe-haven nature, its ability to generate long-term returns (especially now that a global easing cycle has begun), and its low correlation with risk assets – will continue to represent immense value to investors who seek to build a resilient portfolio in today’s world.”

 

Winners & Losers

Here’s how ASX-listed precious metals stocks are performing:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop.

Stocks missing from this list? Email [email protected]

 

CODE COMPANY PRICE WEEK % MONTH % 6 MONTH % YEAR % YTD % MARKET CAP
MHC Manhattan Corp Ltd 0.002 100% 100% -4% -66% 0% $6,185,067
LM8 Lunnon Metals 0.285 90% 68% 14% -63% -32% $62,833,593
MBK Metal Bank Ltd 0.025 79% 47% 25% -34% 0% $9,761,482
G88 Golden Mile Res Ltd 0.014 40% 56% 17% -52% -1% $5,345,897
RDS Redstone Resources 0.004 33% 0% 0% -50% 0% $3,701,514
ADN Andromeda Metals Ltd 0.009 29% 0% -55% -55% -2% $27,148,834
KNB Koonenberry Gold 0.014 27% 40% -18% -54% -2% $4,029,025
GUE Global Uranium 0.086 26% 48% -13% -41% -1% $22,849,102
SKY SKY Metals Ltd 0.05 25% 61% 61% 16% 1% $29,535,158
VKA Viking Mines Ltd 0.01 25% 25% 0% 11% 0% $9,563,326
A8G Australasian Metals 0.135 23% 0% 111% -33% -4% $7,036,267
AS1 Asara Resources Ltd 0.018 20% 64% 80% -14% 1% $16,943,225
G50 G50Corp Ltd 0.155 19% 11% 3% 11% 2% $19,950,150
HXG Hexagon Energy 0.025 19% 0% 4% 178% 1% $12,822,898
MM8 Medallion Metals. 0.063 19% 21% 2% -7% 0% $22,260,195
SMS Starmineralslimited 0.058 18% 87% 71% 45% 2% $5,493,922
BC8 Black Cat Syndicate 0.525 18% 38% 123% 150% 28% $219,566,990
MKR Manuka Resources 0.04 18% 25% -46% -5% -4% $28,851,404
SVY Stavely Minerals Ltd 0.034 17% 31% 13% -52% -1% $16,372,374
MOH Moho Resources 0.007 17% 40% 17% -13% 0% $3,774,247
SRN Surefire Rescs NL 0.007 17% 17% -22% -50% 0% $13,904,155
AL8 Alderan Resource Ltd 0.0035 17% 17% -21% -72% 0% $5,499,371
HAV Havilah Resources 0.21 17% 17% 24% -16% 2% $65,509,437
PGD Peregrine Gold 0.185 16% 16% -16% -34% -6% $12,896,900
REZ Resourc & En Grp Ltd 0.027 15% 17% 145% 93% 1% $17,397,617
NVA Nova Minerals Ltd 0.155 15% 3% -38% -35% -21% $39,430,848
WCN White Cliff Min Ltd 0.024 14% 55% 71% 85% 2% $34,217,136
SPQ Superior Resources 0.008 14% -27% -19% -65% 0% $17,358,910
NXM Nexus Minerals Ltd 0.049 14% 20% -13% 4% 0% $25,288,908
DRE Dreadnought Resources Ltd 0.017 13% 6% -6% -65% -1% $63,792,500
CY5 Cygnus Metals Ltd 0.085 13% 21% 73% -53% -5% $32,281,716
MLS Metals Australia 0.027 13% 29% 13% -18% -1% $18,907,708
AAJ Aruma Resources Ltd 0.018 13% -5% 0% -50% -1% $3,552,931
MXR Maximus Resources 0.045 13% 50% 44% 59% 1% $19,684,674
KRM Kingsrose Mining Ltd 0.039 11% 11% 11% -17% 0% $26,373,428
TAR Taruga Minerals 0.01 11% 25% 43% -9% 0% $7,060,268
MVL Marvel Gold Limited 0.011 10% 38% 10% -8% 0% $9,501,698
SNG Siren Gold 0.078 10% 16% 42% 16% 1% $15,745,216
VMC Venus Metals Cor Ltd 0.067 10% -4% -28% -46% -3% $13,140,622
AAM Aumegametals 0.048 9% 4% -8% -4% 0% $27,360,827
BGD Bartongoldholdings 0.255 9% 9% -2% 28% -1% $56,851,320
KCC Kincora Copper 0.0455 8% -13% 6% 26% 0% $9,372,232
GML Gateway Mining 0.026 8% 18% 13% -10% 0% $9,886,486
M24 Mamba Exploration 0.013 8% -19% -48% -74% -4% $2,445,070
BRX Belararoxlimited 0.26 8% -10% 2% -57% -5% $26,673,479
EM2 Eagle Mountain 0.05 8% 4% -11% -39% -2% $20,036,621
CHN Chalice Mining Ltd 1.55 7% 48% 43% -32% -15% $620,497,727
FML Focus Minerals Ltd 0.15 7% 7% -19% -12% -4% $42,983,797
SBR Sabre Resources 0.015 7% 0% -17% -58% -2% $5,501,467
ZNC Zenith Minerals Ltd 0.046 7% 15% -50% -62% -10% $15,857,140
ILT Iltani Resources Lim 0.245 7% 23% 63% 36% 9% $10,562,521
GWR GWR Group Ltd 0.083 6% 11% -17% -1% -1% $27,945,849
MRR Minrex Resources Ltd 0.0085 6% -15% -39% -39% -1% $9,221,374
MEG Megado Minerals Ltd 0.017 6% 42% 55% -60% -2% $4,325,744
AMI Aurelia Metals Ltd 0.18 6% 13% 13% 100% 7% $321,397,271
SFM Santa Fe Minerals 0.037 6% -5% -18% -16% -1% $2,694,295
MAT Matsa Resources 0.037 6% 23% 19% 28% 1% $22,102,975
GSN Great Southern 0.019 6% 6% -17% -21% 0% $15,238,507
SVL Silver Mines Limited 0.098 5% -7% -46% -41% -6% $135,723,263
CYL Catalyst Metals 2.91 5% 29% 296% 355% 211% $659,285,028
AVM Advance Metals Ltd 0.021 5% -13% -40% -77% -2% $3,706,982
FFM Firefly Metals Ltd 1.06 5% 12% 48% 136% 43% $586,451,311
KSN Kingston Resources 0.087 5% 13% 9% 13% 1% $59,404,073
SVG Savannah Goldfields 0.022 5% 5% -21% -64% -3% $6,183,868
POL Polymetals Resources 0.34 5% 39% 28% 0% 3% $66,218,626
CDR Codrus Minerals Ltd 0.023 5% -12% -44% -62% -3% $3,473,138
BM8 Battery Age Minerals 0.12 4% 9% 20% -52% -7% $11,162,897
KAL Kalgoorliegoldmining 0.025 4% 4% -4% -14% 0% $6,487,402
HRN Horizon Gold Ltd 0.38 4% 19% 46% 16% 8% $53,590,772
HRZ Horizon 0.051 4% 19% 42% 38% 1% $53,690,837
LEX Lefroy Exploration 0.077 4% -7% -23% -53% -10% $15,635,762
EMC Everest Metals Corp 0.13 4% 24% 57% 18% 5% $24,216,804
PTN Patronus Resources 0.053 4% 2% -24% 39% -1% $86,782,084
MI6 Minerals260Limited 0.135 4% 4% -16% -71% -19% $31,590,000
S2R S2 Resources 0.082 4% -9% -41% -50% -8% $37,134,355
WA8 Warriedarresourltd 0.057 4% -14% 33% -15% 0% $45,032,655
IGO IGO Limited 5.625 3% 9% -21% -55% -343% $4,331,571,890
CWX Carawine Resources 0.097 3% -3% -10% -27% -1% $22,904,169
SFR Sandfire Resources 10.7 3% 25% 21% 75% 336% $4,917,541,759
TAM Tanami Gold NL 0.033 3% 10% -13% -11% 0% $38,778,203
RND Rand Mining Ltd 1.8 3% 13% 29% 38% 43% $102,092,350
TG1 Techgen Metals Ltd 0.036 3% 9% 38% 24% -4% $4,356,507
DEG De Grey Mining 1.3775 3% 14% 10% 31% 14% $3,259,590,207
MEU Marmota Limited 0.037 3% -5% -14% 9% -1% $39,116,821
IVR Investigator Res Ltd 0.038 3% 9% -16% 0% 0% $58,788,544
KZR Kalamazoo Resources 0.081 3% -16% -16% -19% -4% $14,400,028
AAR Astral Resources NL 0.1125 2% 13% 81% 34% 4% $132,968,769
ERM Emmerson Resources 0.046 2% -12% -4% -23% -1% $25,601,360
MRZ Mont Royal Resources 0.053 2% -12% -13% -69% -10% $4,506,579
MEK Meeka Metals Limited 0.06 2% 11% 62% 54% 2% $87,070,570
ARN Aldoro Resources 0.076 1% -14% 6% -15% -5% $11,173,771
QML Qmines Limited 0.098 1% 40% 36% -2% 2% $32,500,393
ADT Adriatic Metals 3.49 1% 21% -14% -3% -52% $976,938,142
BGL Bellevue Gold Ltd 1.2925 0% 10% -32% -3% -38% $1,651,198,693
NPM Newpeak Metals 0.015 0% 15% 53% -83% 0% $4,275,671
ASO Aston Minerals Ltd 0.013 0% 30% -7% -61% -1% $16,188,303
LAT Latitude 66 Limited 0.12 0% 4% -40% -52% -8% $17,827,009
AQX Alice Queen Ltd 0.008 0% -11% 60% -33% 0% $10,322,011
SLZ Sultan Resources Ltd 0.006 0% 0% -45% -68% -2% $1,185,519
MKG Mako Gold 0.009 0% 29% -40% -31% 0% $8,879,572
TMX Terrain Minerals 0.004 0% 14% 0% -20% 0% $7,200,115
BNR Bulletin Res Ltd 0.047 0% 2% -33% -41% -9% $13,799,826
GTR Gti Energy Ltd 0.004 0% 33% -43% -60% 0% $11,161,224
BCM Brazilian Critical 0.012 0% 0% -48% -56% -1% $9,968,873
PUA Peak Minerals Ltd 0.002 0% 0% -20% -40% 0% $4,994,221
PRX Prodigy Gold NL 0.002 0% 0% -25% -68% 0% $4,664,912
CAZ Cazaly Resources 0.015 0% 0% -17% -55% -1% $6,919,545
HMX Hammer Metals Ltd 0.038 0% -5% -16% -16% -1% $34,569,887
ARI Arika Resources 0.029 0% 45% 45% 16% 0% $14,458,951
CTO Citigold Corp Ltd 0.004 0% 0% 0% -11% 0% $15,000,000
M2R Miramar 0.007 0% -56% -59% -80% -1% $2,777,763
GUL Gullewa Limited 0.065 0% 0% 18% 18% 1% $13,310,252
LCL LCL Resources Ltd 0.01 0% 11% -17% -62% -1% $9,648,780
NML Navarre Minerals Ltd 0.019 0% 0% 0% 0% 0% $28,555,654
BCN Beacon Minerals 0.022 0% -4% -19% -4% 0% $84,527,284
BYH Bryah Resources Ltd 0.004 0% 0% -60% -69% -1% $2,013,147
FG1 Flynngold 0.03 0% 15% -30% -41% -2% $7,647,494
WWI West Wits Mining Ltd 0.015 0% 0% -6% 15% 0% $38,125,902
RML Resolution Minerals 0.002 0% -20% -20% -71% 0% $3,220,044
GMN Gold Mountain Ltd 0.003 0% -14% -40% -57% 0% $15,629,893
VRC Volt Resources Ltd 0.0035 0% -13% -30% -56% 0% $16,634,713
CLA Celsius Resource Ltd 0.012 0% -14% -14% 0% 0% $29,566,782
RDN Raiden Resources Ltd 0.043 0% 43% 79% 43% 0% $120,287,732
EMU EMU NL 0.025 0% 19% -9% -64% 0% $3,388,478
PNR Pantoro Limited 0.115 0% 0% 53% 219% 6% $742,213,509
X64 Ten Sixty Four Ltd 0.57 0% 0% 0% 0% 0% $129,844,903
SI6 SI6 Metals Limited 0.001 0% -33% -71% -86% 0% $2,368,859
HAW Hawthorn Resources 0.058 0% -6% -17% -36% -4% $19,430,906
RGL Riversgold 0.005 0% 11% -29% -62% -1% $7,964,776
CBY Canterbury Resources 0.034 0% 3% -8% 26% 1% $6,318,109
LYN Lycaonresources 0.275 0% 4% 77% 10% 8% $14,835,750
TMZ Thomson Res Ltd 0.005 0% 0% 0% 0% 0% $4,881,018
NWM Norwest Minerals 0.022 0% 0% -27% -27% -1% $10,187,510
NAG Nagambie Resources 0.015 0% -29% 7% -29% -1% $11,949,535
KAI Kairos Minerals Ltd 0.013 0% 30% 0% -35% 0% $32,886,402
CAI Calidus Resources 0.115 0% 0% -4% -21% -10% $93,678,206
CDT Castle Minerals 0.003 0% -25% -50% -70% -1% $4,118,442
ALY Alchemy Resource Ltd 0.007 0% 17% -13% -36% 0% $8,246,534
AVW Avira Resources Ltd 0.001 0% 0% 0% -50% 0% $2,938,790
LCY Legacy Iron Ore 0.013 0% 0% -13% -28% 0% $100,276,127
ZAG Zuleika Gold Ltd 0.014 0% -7% -26% 27% 0% $10,372,319
LRL Labyrinth Resources 0.016 0% 42% 279% 355% 1% $62,614,033
XAM Xanadu Mines Ltd 0.066 0% 16% -10% -7% 1% $104,676,367
DTR Dateline Resources 0.005 0% -17% -62% -62% -1% $12,473,399
NES Nelson Resources. 0.003 0% 0% 0% -40% 0% $1,915,783
PKO Peako Limited 0.004 0% 0% 30% -14% 0% $3,513,899
ICG Inca Minerals Ltd 0.005 0% 0% -17% -69% -1% $4,472,703
BTR Brightstar Resources 0.018 0% 6% 0% 80% 0% $128,389,051
TRM Truscott Mining Corp 0.072 0% 20% 39% 25% 2% $13,175,896
PNM Pacific Nickel Mines 0.024 0% 0% -29% -74% -6% $10,103,835
AYM Australia United Min 0.002 0% 0% -50% -33% 0% $3,685,155
ANL Amani Gold Ltd 0.001 0% 0% 0% 0% 0% $25,743,441
PNT Panthermetalsltd 0.02 0% -13% -5% -64% -2% $4,942,321
FEG Far East Gold 0.17 0% 10% 6% 10% 5% $45,620,022
RXL Rox Resources 0.13 0% -2% -29% -44% -5% $51,324,411
CLZ Classic Min Ltd 0.001 0% 0% -92% -98% -5% $1,544,026
TGM Theta Gold Mines Ltd 0.175 0% 25% -3% 40% 6% $136,618,541
ORN Orion Minerals Ltd 0.017 0% 6% 21% -11% 0% $116,221,164
AUN Aurumin 0.046 0% 15% 18% 84% 2% $21,875,676
SXG Southern Cross Gold 3.11 0% 11% 69% 282% 185% $635,029,133
GOR Gold Road Res Ltd 1.6925 -1% 0% 5% 7% -27% $1,815,567,826
EVN Evolution Mining Ltd 4.595 -1% 10% 22% 47% 64% $8,991,262,978
CST Castile Resources 0.078 -1% -3% 8% 53% 0% $19,352,194
SSR SSR Mining Inc. 8.4 -2% 10% 17% -58% -742% $34,433,786
IDA Indiana Resources 0.095 -2% -1% 24% 59% 2% $61,534,014
DLI Delta Lithium 0.235 -2% 15% -16% -66% -24% $167,650,678
NST Northern Star 15.89 -2% 7% 8% 58% 224% $18,211,008,198
RRL Regis Resources 2.025 -2% 15% 5% 39% -16% $1,510,955,468
GED Golden Deeps 0.037 -3% -50% -24% -29% -1% $5,757,849
HMG Hamelingoldlimited 0.065 -3% -18% -13% -23% -1% $10,867,500
HCH Hot Chili Ltd 0.81 -3% 2% -31% -28% -27% $128,707,383
MTC Metalstech Ltd 0.16 -3% -38% -3% -27% -6% $29,528,757
ALK Alkane Resources Ltd 0.455 -3% 15% -31% -24% -20% $262,992,200
WTM Waratah Minerals Ltd 0.295 -3% -29% 231% 883% 18% $61,550,270
CMM Capricorn Metals 5.765 -3% 0% 8% 47% 106% $2,178,336,739
CPM Coopermetalslimited 0.056 -3% -13% -53% -53% -28% $4,231,205
GBR Greatbould Resources 0.056 -3% 14% -5% 8% -1% $34,127,051
STN Saturn Metals 0.28 -3% 37% 47% 100% 11% $88,032,192
ADV Ardiden Ltd 0.135 -4% 13% -16% -37% -4% $8,439,863
IPT Impact Minerals 0.0125 -4% -7% -17% 0% 0% $39,772,638
BMR Ballymore Resources 0.125 -4% 9% 0% 39% 0% $25,625,935
AGC AGC Ltd 0.25 -4% -12% 221% 303% 18% $62,866,319
AZY Antipa Minerals Ltd 0.025 -4% 92% 127% 108% 1% $109,680,087
TLM Talisman Mining 0.23 -4% 2% -13% 77% -1% $43,313,680
GPR Geopacific Resources 0.023 -4% -8% 21% 64% 0% $25,171,365
PRU Perseus Mining Ltd 2.565 -4% 1% 17% 64% 72% $3,495,539,143
BEZ Besragoldinc 0.089 -4% -4% -11% -39% -6% $39,471,450
NMR Native Mineral Res 0.022 -4% -4% -8% -49% 0% $8,764,209
MAU Magnetic Resources 1.305 -4% -10% 40% 56% 29% $323,427,825
EMR Emerald Res NL 3.795 -4% -1% 21% 49% 79% $2,476,711,027
TCG Turaco Gold Limited 0.32 -4% 23% 83% 527% 19% $240,224,845
TM1 Terra Metals Limited 0.04 -5% 7% -26% -23% -1% $15,435,369
TBR Tribune Res Ltd 4.51 -5% 20% 12% 48% 156% $243,451,877
ICL Iceni Gold 0.038 -5% 6% 73% -49% -1% $10,910,442
OZM Ozaurum Resources 0.038 -5% 9% -16% -62% -11% $6,032,500
AUC Ausgold Limited 0.465 -5% 16% 33% 60% 15% $161,217,364
GMD Genesis Minerals 2.04 -5% -7% 7% 53% 25% $2,279,472,248
FAL Falconmetalsltd 0.175 -5% -46% 30% 21% 3% $30,975,000
AM7 Arcadia Minerals 0.034 -6% 10% -60% -68% -4% $3,979,703
PRS Prospech Limited 0.034 -6% 13% -13% 31% 0% $10,289,344
MDI Middle Island Res 0.017 -6% 42% 6% -10% 0% $3,712,812
SBM St Barbara Limited 0.335 -6% 34% 81% 86% 13% $270,052,685
TTM Titan Minerals 0.4 -6% -8% 43% 16% 12% $74,798,278
KAU Kaiser Reef 0.155 -6% 7% 3% -11% -2% $31,688,804
GNM Great Northern 0.015 -6% 7% 0% -38% -1% $2,164,807
USL Unico Silver Limited 0.225 -6% 25% 55% 168% 10% $75,488,741
TMS Tennant Minerals Ltd 0.014 -7% -22% -50% -52% -2% $13,382,466
KCN Kingsgate Consolid. 1.36 -7% 3% 1% 20% -2% $350,542,301
RMS Ramelius Resources 2.135 -7% -2% 12% 52% 45% $2,411,068,670
VAU Vault Minerals Ltd 0.32 -7% 5% -18% 21% 1% $2,142,779,115
AME Alto Metals Limited 0.063 -7% -3% 80% 40% 2% $46,177,483
CEL Challenger Gold Ltd 0.05 -7% -17% -38% -42% -2% $70,189,223
STK Strickland Metals 0.087 -7% -7% -21% 24% -1% $194,252,497
AQI Alicanto Min Ltd 0.024 -8% 71% -3% -45% -1% $18,703,574
TMB Tambourahmetals 0.035 -8% -15% -52% -80% -8% $3,140,543
ARD Argent Minerals 0.0175 -8% 17% 17% 75% 1% $24,546,736
TSO Tesoro Gold Ltd 0.034 -8% 17% 21% 79% 1% $49,948,163
RSG Resolute Mining 0.6975 -8% 6% 57% 111% 25% $1,511,625,509
KTA Krakatoa Resources 0.011 -8% 0% 38% -52% -3% $5,665,287
ARL Ardea Resources Ltd 0.375 -9% -14% -44% -36% -10% $79,873,166
WAF West African Res Ltd 1.6625 -9% 20% 24% 131% 72% $1,889,342,232
OBM Ora Banda Mining Ltd 0.6275 -9% 8% 109% 498% 39% $1,154,846,959
MEI Meteoric Resources 0.1 -9% 5% -55% -53% -16% $241,049,677
GSM Golden State Mining 0.01 -9% 0% -17% -73% -1% $2,793,706
SPR Spartan Resources 1.285 -9% -6% 94% 215% 77% $1,429,857,244
YRL Yandal Resources 0.084 -10% -33% -10% 75% 0% $22,495,840
ASR Asra Minerals Ltd 0.0045 -10% -36% -36% -44% 0% $11,157,790
GRL Godolphin Resources 0.0135 -10% -4% -63% -65% -3% $3,739,277
RMXDD Red Mount Min Ltd 0.009 -10% -10% -49% -74% -2% $3,486,220
ENR Encounter Resources 0.405 -10% -18% 56% 45% 12% $192,026,923
SPD Southernpalladium 0.45 -10% 25% 36% 3% 8% $40,387,500
PGO Pacgold 0.094 -10% 11% -41% -48% -10% $7,993,817
AWJ Auric Mining 0.33 -11% 16% 57% 746% 21% $48,279,846
TOR Torque Met 0.074 -11% -33% -38% -75% -15% $17,176,044
WGX Westgold Resources. 2.505 -11% -15% 6% 59% 33% $2,348,343,128
ADG Adelong Gold Limited 0.004 -11% -20% 14% -43% 0% $4,471,956
GBZ GBM Rsources Ltd 0.008 -11% 14% -27% -47% 0% $9,253,511
OAU Ora Gold Limited 0.008 -11% 60% 33% 14% 0% $50,049,206
THR Thor Energy PLC 0.015 -12% 0% -32% -58% -2% $3,006,552
DTM Dart Mining NL 0.014 -13% -24% -61% -23% 0% $5,573,320
PDI Predictive Disc Ltd 0.2475 -13% 13% 13% 30% 4% $575,970,986
ANX Anax Metals Ltd 0.019 -14% -10% -30% -41% -1% $13,197,454
PXX Polarx Limited 0.0085 -15% -6% -29% -12% 0% $19,004,008
TRE Toubani Res Ltd 0.25 -15% 28% 79% 160% 11% $54,923,839
ARV Artemis Resources 0.011 -15% -15% -35% -58% -1% $23,002,589
GIB Gibb River Diamonds 0.038 -16% 6% 27% 41% 1% $8,151,359
BNZ Benzmining 0.15 -17% 15% 15% -59% -10% $16,026,889
SMI Santana Minerals Ltd 2.01 -17% 18% 55% 265% 100% $410,944,294
FXG Felix Gold Limited 0.099 -18% 22% 130% 43% 5% $30,564,991
NSM Northstaw 0.014 -18% 43% -62% -46% -3% $2,250,861
A1G African Gold Ltd. 0.037 -18% 9% 24% 6% 1% $12,922,543
GAL Galileo Mining Ltd 0.135 -18% -23% -51% -67% -15% $27,667,490
TNC True North Copper 0.031 -18% -11% -68% -80% -7% $27,140,196
ION Iondrive Limited 0.012 -20% 0% 33% -8% 0% $9,210,598
MOM Moab Minerals Ltd 0.004 -20% -20% -33% -50% 0% $3,235,257
BMO Bastion Minerals 0.0055 -21% -8% -31% -75% -1% $3,086,205
CXU Cauldron Energy Ltd 0.019 -22% 30% -51% 80% 0% $24,740,613
AAU Antilles Gold Ltd 0.003 -25% -25% -84% -87% -2% $7,422,971
MTH Mithril Silver Gold 0.48 -28% 317% 140% 220% 28% $49,476,587
FAU First Au Ltd 0.001 -33% -50% -50% -67% 0% $1,811,993
NAE New Age Exploration 0.004 -33% 14% 0% -33% 0% $7,175,596
PUR Pursuit Minerals 0.002 -33% -33% -60% -80% -1% $7,270,800
FXG Felix Gold Limited 0.089 -1% 141% 218% 13% 82% $ 22,486,713.48
ILT Iltani Resources Lim 0.235 12% 31% 68% 24% 47% $ 8,672,678.78
BRX Belararoxlimited 0.24 -4% -13% 12% -62% -23% $ 26,150,470.00
TM1 Terra Metals Limited 0.038 12% -12% -25% -33% -17% $ 13,852,254.29
TOR Torque Met 0.089 -19% -19% -41% -74% -60% $ 18,843,892.60
ARD Argent Minerals 0.0175 3% 25% 94% 46% 94% $ 25,268,699.16
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Top ASX gold stories this week

Strickland Metals (ASX:STK) has moved drill rigs to the Gradina prospect at Rogozna for a 10,000m diamond drill program as it looks to emulate recent successes at Medenovac – both of which are outside the project’s now 5.4Moz gold equivalent resource.

A recently completed access track has now allowed the ability to drill-test shallower zones of gold and zinc mineralisation for the first time.

Gold has already been found at Gradina over ~1km of strike, at vertical depths of ~200-1000m below surface, with ~21,000m of previous drilling returning significant intercepts.

And Medenovac now has a mineralised strike-length of ~150m with the high-grade core extending 60m along strike to the south-east where an historical drill hole struck 97.7m at 5.1g/t AuEq within a broader zone of 352.1m at 2.1g/t AuEq from 240.2m.

A maiden mineral resource for the prospect is due out early next year, building on the 2.96Moz of gold, 214,000t of copper and 364,000t of zinc already contained within the project, mainly within the Shanac prospect.

Felix Gold (ASX:FXG) continues its winning streak as 1832 Asset Management has invested $2m to become a substantial holder in the explorer.

One of Stockhead’s biggest resources winners for the month of September, it’s currently exploring its historic Treasure Creek landholding in Alaska’s prolific Fairbanks gold district where it also holds a large historical antimony endowment at the Scrafford mine area.

Gold production in the region exceeds some 16Moz, with FXG’s leases sandwiched between Kinross’ 11.8Moz Fort Knox mine and Freegold Ventures’ 19.7Moz Golden Summit project (18km away).

Meanwhile Brightstar Resources’ (ASX:BTR) global resource base has jumped to 2Moz gold with the acquisition of Montague East.

This is partly due to the fact the MEGP already has a resource of 9.6Mt at 1.6g/t gold for 0.5Moz gold. It’s also just 70km from the Sandstone gold project, owned by Alto Metals (ASX:AME) – which is currently undertaking a merger with BTR.

The company is now planning a drilling program at the MEGP starting late October, targeting infill and extensional targets within and proximal to the resources at the advanced Whistler and Montague-Boulder deposits.

“We are working towards mobilising an RC drill rig to the Montague-Boulder and Whistler deposits in late October, which contain ~280koz gold of shallow, largely oxide material. It is our intent to move the Montague East Gold Project swiftly through resource drill-out and feasibility study workstreams to advance this asset towards development,” BTR MD Alex Rovira said.

 

 

At Stockhead, we tell it like it is. While Strickland Gold, Brightstar Resources and Felix Gold and are Stockhead advertisers at the time of writing, they did not sponsor this article.