August was a rollercoaster for the gold price, but — after a chaotic flash crash saw it plummet into the $US1600s earlier in the month — it ended up where it started.

Sources: FastMarkets, ICE Benchmark Administration, Thomson Reuters, World Gold Council

Gold is one of the year’s worst performing metals, but we are living through a commodities super cycle; ‘worst performer’ is not as bad as it sounds.

Especially for producers, which reported record FY21 profits thanks to that record-high gold price run through August last year.

Perseus Mining (ASX:PRU) saw a 48% rise in net profit after tax (NPAT) to $139.4 million in FY2021 and an 11% increase in EBITDA to $303.1m.

Ramelius Resources (ASX:RMS) reported a record profit for FY21 of $126.8m and will pay a full franked 2.5c per share dividend.

Meanwhile, Northern Star (ASX:NST) sold ~1.6Moz of gold at a record average price of $2277/oz.

That generated a statutory NPAT of $1.03 billion.

Evolution Mining (ASX:AVN) disappointed with production figures that showed gold output falling from 746,463oz in 2020 to 680,788/oz in 2021.

But its financials were well received, with ‘sector leading’ costs of $1215 an ounce helping the Sydney-based gold miner to a 14% increase in profit to a record $354.3 million.

Then there’s the ASX’s largest goldie Newcrest Mining (ASX:NCM), which produced 2.1Moz of gold and 142,700 tonnes of copper for a $1.2 billion profit. Another record.
 

Winners & Losers

Here’s how ASX-listed gold & silver stocks are performing:

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

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
ADV Ardiden 25 76 -6 -21 0.015 $ 27,941,604.81
AZS Azure Minerals 34 71 43 151 0.4275 $ 129,879,002.82
NXM Nexus Minerals 20 69 58 103 0.15 $ 36,622,750.65
GBR Great Boulder Resources 86 67 281 204 0.16 $ 62,172,432.00
AAJ Aruma Resources 13 67 23 -19 0.085 $ 9,006,678.80
ARV Artemis Resources 29 60 17 11 0.088 $ 105,419,802.68
GTR GTI Resources 30 53 44 0 0.026 $ 17,928,913.95
A8G Australasian Gold 38 52 0.22 $ 6,954,137.61
FFX Firefinch 11 49 183 205 0.595 $ 552,365,701.20
ANX Anax Metals 29 47 55 350 0.11 $ 38,520,227.90
HWK Hawkstone Mining 2 45 5 133 0.042 $ 72,082,966.07
BRB Breaker Resources 13 42 7 -6 0.22 $ 70,055,799.74
VRC Volt Resources 24 38 140 125 0.036 $ 78,081,650.72
ONX Orminex 13 36 22 10 0.045 $ 24,655,253.58
CST Castile Resources 5 31 35 -12 0.23 $ 41,939,125.41
MRZ Mont Royal Resources 2 31 -4 15 0.275 $ 12,499,315.95
KTA Krakatoa Resources 25 30 0 -13 0.065 $ 20,334,984.27
HCH Hot Chili 7 28 -2 5 0.046 $ 169,794,037.17
PNM Pacific Nickel Mines 35 28 30 57 0.074 $ 15,902,232.66
M2R Miramar -2 27 -9 0.21 $ 10,033,191.75
AYM Australia United Min 11 25 11 100 0.01 $ 16,583,197.37
MBK Metal Bank 11 25 -9 25 0.01 $ 11,890,683.04
MTC Metalstech 18 23 100 66 0.29 $ 38,876,021.31
NVA Nova Minerals 29 23 -7 114 0.135 $ 193,308,864.41
PUA Peak Minerals 10 22 -21 -19 0.022 $ 12,294,053.04
HAW Hawthorn Resources 23 20 -33 -51 0.054 $ 18,009,843.10
CXU Cauldron Energy 16 20 13 3 0.036 $ 13,679,985.36
BAR Barra Resources 9 20 9 0 0.024 $ 15,584,986.32
OKR Okapi Resources 22 18 174 142 0.52 $ 48,617,628.48
LM8 Lunnon Metals 1 18 0.59 $ 45,194,092.04
CHZ Chesser Resources 3 18 -3 -20 0.165 $ 74,159,380.00
AM7 Arcadia Minerals 11 17 0.21 $ 7,182,000.00
GUL Gullewa 5 17 14 3 0.091 $ 17,323,952.10
BMO Bastion Minerals 5 16 0.22 $ 12,639,937.20
BNR Bulletin Resources 38 16 -5 -6 0.066 $ 11,116,170.59
WCN White Cliff Min 36 15 -17 15 0.015 $ 7,240,749.59
POL Polymetals Resources 3 15 0.15 $ 5,629,372.27
ICL Iceni Gold 2 13 0.215 $ 25,153,798.53
RED Red 5 16 13 33 -29 0.22 $ 541,887,658.08
RDN Raiden Resources 29 13 13 200 0.027 $ 34,961,961.89
DDD 3D Resources 13 13 36 9 0.0045 $ 17,461,674.41
TMX Terrain Minerals 0 13 -18 -40 0.009 $ 6,621,849.08
ENR Encounter Resources 3 12 9 27 0.19 $ 58,507,456.76
YRL Yandal Resources -3 12 23 116 0.53 $ 54,237,574.62
EM2 Eagle Mountain 20 11 87 226 0.88 $ 167,383,080.98
DEX Duke Exploration 11 11 -8 0.3 $ 26,612,289.84
CMM Capricorn Metals 10 11 64 22 2.4 $ 876,566,930.54
OZM Ozaurum Resources 15 11 -16 0.155 $ 8,063,100.00
DTR Dateline Resources 4 11 88 88 0.094 $ 40,843,896.10
CAI Calidus Resources 15 11 47 6 0.575 $ 229,958,799.53
GIB Gibb River Diamonds -9 11 -19 15 0.063 $ 13,536,604.48
GMN Gold Mountain 0 10 -42 -42 0.022 $ 22,473,132.57
CBY Canterbury Resources -4 10 -15 -15 0.11 $ 13,221,838.30
TIN TNT Mines 0 10 3 -6 0.17 $ 20,408,198.93
TTM Titan Minerals 9 9 9 4 0.12 $ 133,459,036.52
CEL Challenger Exploration 9 9 -9 13 0.2825 $ 236,139,803.48
FAU First Au 18 8 -24 -35 0.013 $ 7,990,173.80
CDT Castle Minerals -7 8 63 0 0.013 $ 10,255,011.45
G88 Golden Mile Resources -4 8 2 -4 0.053 $ 7,614,989.71
AOP Apollo Consolidated 0 7 7 12 0.37 $ 107,899,618.30
LCY Legacy Iron Ore 7 7 -6 200 0.015 $ 89,666,339.24
MKR Manuka Resources 7 7 -29 -52 0.31 $ 31,462,229.53
AGS Alliance Resources 6 6 -6 -27 0.165 $ 34,322,827.11
SNG Siren Gold -2 6 -32 0.265 $ 18,932,841.26
QML Qmines 6 6 0.355 $ 16,189,849.16
BGD Barton Gold 9 6 0.19 $ 16,309,599.24
PRX Prodigy Gold 0 5 -7 -45 0.04 $ 23,225,104.24
A1G African Gold -2 5 -13 33 0.2 $ 17,824,529.58
KAI Kairos Minerals 5 5 22 -32 0.0305 $ 50,295,340.95
ICG Inca Minerals -12 5 21 66 0.11 $ 55,289,751.75
AWV Anova Metals -15 5 10 -31 0.022 $ 34,394,260.80
RVR Red River Resources 5 5 -28 23 0.1725 $ 89,316,078.31
AXE Archer Materials -2 4 72 276 1.69 $ 393,932,324.58
MML Medusa Mining 6 4 -10 -3 0.85 $ 177,731,672.36
HXG Hexagon Energy -5 4 -23 26 0.073 $ 32,112,995.54
MM8 Medallion Metals 4 4 0.25 $ 20,242,521.50
HRN Horizon Gold 44 4 3 -19 0.41 $ 43,743,726.56
TNR Torian Resources 17 4 -52 100 0.028 $ 23,473,453.10
MVL Marvel Gold 2 4 17 6 0.056 $ 32,999,170.06
RXL Rox Resources 19 4 -11 -56 0.44 $ 68,559,312.09
EMU EMU NL 3 3 -57 0 0.03 $ 11,869,376.58
ADT Adriatic Metals 13 3 43 29 3.06 $ 533,592,326.47
ADN Andromeda Metals 0 3 -49 248 0.16 $ 393,768,327.36
SAU Southern Gold 0 3 -26 -50 0.067 $ 14,293,026.65
BCN Beacon Minerals -3 3 -8 7 0.034 $ 123,631,652.00
ARN Aldoro Resources 22 3 174 453 0.52 $ 46,223,202.17
AAU Antilles Gold -1 3 -21 91 0.077 $ 19,433,921.28
BDC Bardoc Gold 5 2 -4 -13 0.0675 $ 114,526,986.82
KAU Kaiser Reef -4 2 -43 -37 0.23 $ 22,265,921.42
WMC Wiluna Mining Corp -2 2 -3 -32 1.03 $ 165,431,111.78
ERM Emmerson Resources -1 1 5 -29 0.068 $ 34,876,694.23
NUS Nusantara Resources 0 1 25 17 0.345 $ 79,927,187.42
MAU Magnetic Resources 2 1 3 -3 1.62 $ 353,441,053.80
SFM Santa Fe Minerals 2 1 -26 18 0.085 $ 6,189,597.07
NML Navarre Minerals 9 1 -35 -30 0.094 $ 62,817,493.59
SSR SSR Mining Inc. 1 1 24 22.11 $ 469,987,831.44
ANL Amani Gold 50 0 50 -25 0.0015 $ 24,773,993.49
AVW Avira Resources 25 0 0 -17 0.005 $ 6,875,200.00
MHC Manhattan Corp 20 0 -25 -71 0.012 $ 16,789,065.62
PNX PNX Metals Limited 14 0 0 -27 0.008 $ 29,217,548.09
NAG Nagambie Resources 11 0 47 62 0.081 $ 39,994,587.68
SI6 SI6 Metals Limited 8 0 -38 0 0.013 $ 17,137,727.82
NMR Native Mineral Res 8 0 -15 0.265 $ 7,203,375.00
VAN Vango Mining 5 0 16 -36 0.067 $ 72,545,114.47
TRM Truscott Mining Corp 3 0 38 106 0.033 $ 5,014,070.95
AUC Ausgold Limited 3 0 -15 5 0.04 $ 63,413,981.64
BMR Ballymore Resources 0 0 0 0 0.425 $ 14,295,616.20
RMX Red Mount Min 0 0 -25 29 0.009 $ 13,180,124.72
SBR Sabre Resources 0 0 -43 -43 0.004 $ 6,732,254.60
DLC Delecta Limited 0 0 -14 0 0.006 $ 6,051,727.23
CGN Crater Gold Min 0 0 -23 21 0.017 $ 20,867,429.74
XTC Xantippe Res 0 0 0 -33 0.002 $ 8,149,128.80
SIH Sihayo Gold Limited 0 0 -23 -58 0.01 $ 36,854,614.13
KGM Kalnorth Gold 0 0 0 0 0.013 $ 11,625,120.78
DCX Discovex Res 0 0 -29 -38 0.005 $ 12,843,320.38
GRL Godolphin Resources -6 0 -21 -20 0.165 $ 13,457,803.36
MKG Mako Gold 1 -1 -7 -35 0.088 $ 34,401,744.18
KZR Kalamazoo Resources 1 -1 -21 -49 0.36 $ 48,976,223.41
MGV Musgrave Minerals 5 -2 3 -48 0.315 $ 170,631,343.68
PF1 Pathfinder Resources 4 -2 40 0.295 $ 14,719,390.80
PUR Pursuit Minerals -9 -2 -5 273 0.059 $ 52,839,793.21
SVY Stavely Minerals 7 -2 -44 -16 0.44 $ 121,347,075.18
AME Alto Metals Limited -1 -2 19 1 0.087 $ 40,073,116.50
TMZ Thomson Res 6 -2 -32 106 0.105 $ 48,722,488.61
MZZ Matador Mining 1 -2 32 -14 0.41 $ 87,312,134.66
DRE Dreadnought Resources -2 -2 141 193 0.041 $ 106,492,689.47
BNZ Benz Mining -1 -2 -6 0.81 $ 31,342,022.15
RND Rand Mining 1 -3 -8 -30 1.47 $ 83,607,662.67
ASO Aston Minerals 12 -3 314 282 0.145 $ 133,587,640.06
ZAG Zuleika Gold 0 -3 -37 -19 0.029 $ 11,892,707.82
AAR Anglo Australian 6 -3 -14 -56 0.083 $ 50,675,235.32
BYH Bryah Resources 6 -4 -16 4 0.054 $ 11,670,980.28
AL8 Alderan Resource -4 -4 -42 -63 0.05 $ 17,102,862.75
WAF West African Resources 2 -4 44 4 1.0475 $ 936,406,239.78
ARL Ardea Resources 2 -4 -13 -16 0.485 $ 66,256,425.12
OKU Oklo Resources 4 -4 -27 -55 0.12 $ 59,223,502.91
ZNC Zenith Minerals 15 -4 77 142 0.23 $ 69,287,406.51
TSO Tesoro Resources 10 -4 -45 -31 0.11 $ 52,605,721.25
FFR Firefly Resources -8 -4 -12 6 0.11 $ 35,459,045.95
CYL Catalyst Metals 2 -4 5 -20 1.95 $ 186,761,873.70
CHN Chalice Mining 1 -5 57 361 6.8 $ 2,357,627,042.40
PAK Pacific American Hld 6 -6 -19 -6 0.017 $ 5,415,943.30
TBR Tribune Res -2 -6 2 -36 5.1 $ 272,834,000.40
NST Northern Star 3 -6 3 -28 9.77 $ 11,339,815,454.00
FML Focus Minerals -2 -6 -27 -45 0.24 $ 43,859,655.60
AMI Aurelia Metals 1 -6 -5 -32 0.3525 $ 425,985,256.88
EMR Emerald Res NL 3 -6 9 33 0.835 $ 422,625,709.74
MEU Marmota Limited 5 -6 0 -6 0.045 $ 40,678,414.98
KWR Kingwest Resources 12 -6 -54 -51 0.073 $ 14,579,403.37
WGX Westgold Resources. 3 -6 -7 -21 1.735 $ 742,229,204.50
CWX Carawine Resources -2 -7 -37 2 0.215 $ 24,500,227.95
NWM Norwest Minerals -7 -7 -8 -42 0.071 $ 12,823,116.53
ALY Alchemy Resource 0 -7 -13 -22 0.014 $ 9,411,408.34
TAM Tanami Gold NL -1 -7 -11 4 0.07 $ 82,256,793.22
REZ Resourc & En Grp -10 -7 -28 33 0.028 $ 12,518,742.88
HMX Hammer Metals 4 -7 -31 89 0.083 $ 67,520,053.71
AWJ Auric Mining -7 -7 -27 0.135 $ 5,997,041.42
SPQ Superior Resources 8 -7 8 44 0.013 $ 16,576,029.49
GOR Gold Road Res 1 -7 16 -20 1.2575 $ 1,109,909,603.88
BC8 Black Cat Syndicate 7 -7 -13 -29 0.58 $ 81,668,530.38
PNR Pantoro Limited 7 -8 -1 -19 0.2025 $ 281,799,739.60
GBZ GBM Rsources 10 -8 15 -18 0.115 $ 50,233,070.31
KCN Kingsgate Consolid. 4 -8 -21 22 0.73 $ 162,882,676.80
NCM Newcrest Mining 1 -8 3 -22 24.68 $ 20,219,746,980.08
CTO Citigold Corp 0 -8 -8 -8 0.011 $ 28,336,590.91
SLZ Sultan Resources 0 -8 -18 -34 0.165 $ 11,473,174.19
EVN Evolution Mining -1 -8 -2 -31 3.91 $ 7,129,326,344.12
SKY SKY Metals -4 -9 -46 -41 0.086 $ 27,981,100.35
FG1 Flynngold 7 -9 0.16 $ 9,599,999.68
IVR Investigator Res 0 -9 -29 8 0.064 $ 86,056,529.46
DGO DGO Gold Limited 3 -9 16 -16 3.05 $ 240,611,555.52
GNM Great Northern 11 -9 -17 -57 0.01 $ 12,090,509.76
MEG Megado -5 -9 -43 0.1 $ 4,520,123.79
VKA Viking Mines -13 -9 -52 65 0.02 $ 20,425,168.62
SRN Surefire Rescs NL 4 -9 -40 45 0.0145 $ 15,460,345.73
KRM Kingsrose Mining 2 -10 -6 27 0.047 $ 32,850,330.84
KSN Kingston Resources 12 -10 -8 -31 0.185 $ 54,369,365.83
PRU Perseus Mining 4 -10 41 4 1.525 $ 1,864,993,746.40
RRL Regis Resources -3 -10 -19 -53 2.39 $ 1,802,557,602.78
LNY Laneway Res 13 -10 -10 -44 0.0045 $ 15,616,263.73
NES Nelson Resources. 2 -10 -58 -38 0.045 $ 8,743,148.78
MCT Metalicity Limited 0 -10 -31 -67 0.009 $ 19,293,943.79
DEG De Grey Mining 3 -10 38 -10 1.185 $ 1,531,514,217.29
M24 Mamba Exploration -3 -10 -20 0.175 $ 6,660,000.00
MOH Moho Resources 2 -10 -25 -47 0.061 $ 6,196,524.12
DCN Dacian Gold -10 -10 -39 -36 0.215 $ 207,997,450.86
VMC Venus Metals Cor 3 -11 -15 -31 0.17 $ 24,172,589.28
MTH Mithril Resources 0 -11 -15 -68 0.017 $ 39,953,961.70
MAT Matsa Resources 5 -11 -34 -63 0.059 $ 20,772,967.96
IPT Impact Minerals -4 -11 -46 -48 0.0125 $ 24,285,539.03
CDR Codrus Minerals 6 -11 0.165 $ 6,600,000.00
RGL Riversgold -3 -11 -39 -39 0.033 $ 13,333,392.47
SMI Santana Minerals -11 -11 -35 -65 0.098 $ 11,175,198.33
GML Gateway Mining -6 -11 -41 -33 0.016 $ 32,361,805.20
PGD Peregrine Gold 4 -11 0.395 $ 13,943,499.93
AQX Alice Queen -4 -12 -56 -73 0.0115 $ 13,602,453.10
TRN Torrens Mining -3 -12 19 0.19 $ 12,619,763.53
PDI Predictive Disc 2 -12 137 84 0.1325 $ 175,696,345.89
TRY Troy Resources -8 -12 -47 -65 0.037 $ 30,073,993.35
GSN Great Southern -2 -12 -30 -56 0.051 $ 25,788,681.42
TBA Tombola Gold -20 -12 -31 -16 0.043 $ 25,688,979.05
BAT Battery Minerals 27 -13 -48 27 0.014 $ 31,542,413.00
TG1 Techgen Metals 6 -13 0.175 $ 7,320,469.15
TIE Tietto Minerals 2 -13 2 -41 0.315 $ 145,979,345.92
HRZ Horizon 0 -13 5 -25 0.105 $ 62,477,272.00
TSC Twenty Seven Co. 0 -13 -50 -36 0.0035 $ 7,982,441.72
THR Thor Mining PLC 0 -13 -7 27 0.014 $ 7,323,295.08
DTM Dart Mining NL 0 -13 -38 -42 0.105 $ 10,494,274.98
GMR Golden Rim Resources -7 -13 -22 -46 0.007 $ 18,692,447.75
LCL Los Cerros Limited -4 -13 4 93 0.135 $ 84,498,257.70
BTR Brightstar Resources -7 -13 -37 -4 0.027 $ 11,873,270.63
MDI Middle Island Res 2 -13 -57 -77 0.1 $ 12,241,822.20
SLR Silver Lake Resource 1 -14 1 -40 1.3575 $ 1,212,895,947.33
PRS Prospech Limited -3 -14 -38 0 0.09 $ 5,866,290.45
SVL Silver Mines Limited 3 -15 -2 -21 0.205 $ 250,292,605.09
IDA Indiana Resources 0 -15 -34 32 0.058 $ 25,197,923.68
RML Resolution Minerals 5 -15 -4 -65 0.023 $ 10,296,631.12
CAZ Cazaly Resources -6 -15 10 7 0.046 $ 17,739,036.82
BBX BBX Minerals -11 -15 -30 -29 0.195 $ 89,314,187.63
SBM St Barbara Limited 3 -15 -21 -55 1.575 $ 1,104,933,811.80
GED Golden Deeps 0 -15 0 -31 0.011 $ 8,534,365.84
AGG AngloGold Ashanti 1 -15 -11 -43 4.58 $ 422,844,806.10
STK Strickland Metals 3 -16 71 -26 0.038 $ 41,064,054.15
RSG Resolute Mining 3 -16 -25 -59 0.46 $ 507,790,644.76
PKO Peako Limited 0 -16 17 -28 0.027 $ 8,945,168.93
RMS Ramelius Resources -2 -16 24 -30 1.4925 $ 1,233,356,182.35
CLA Celsius Resource 0 -16 -43 44 0.026 $ 27,227,930.11
RDS Redstone Resources 0 -17 -44 -50 0.01 $ 7,189,990.63
NAE New Age Exploration 0 -17 -17 0 0.01 $ 15,794,888.01
WWI West Wits Mining -1 -17 -25 188 0.0575 $ 86,575,568.63
TCG Turaco Gold Limited 4 -17 100 140 0.12 $ 40,187,468.40
GSM Golden State Mining -4 -17 -23 -62 0.12 $ 9,929,802.96
TAR Taruga Minerals -6 -18 0 -32 0.047 $ 24,578,880.29
NSM Northstaw -2 -18 -31 0.305 $ 12,800,000.00
XAM Xanadu Mines 0 -18 -45 -40 0.028 $ 35,253,057.00
KCC Kincora Copper -8 -18 0.185 $ 14,207,468.00
ALK Alkane Resources -2 -18 42 -16 0.95 $ 568,596,304.00
CY5 Cygnus Gold Limited 4 -19 -26 -41 0.13 $ 14,636,713.23
OAU Ora Gold Limited -6 -19 -26 -6 0.017 $ 14,315,618.77
AGC AGC 0 -20 -31 0.12 $ 8,127,274.08
BGL Bellevue Gold -10 -20 19 -16 0.855 $ 811,624,963.28
OBM Ora Banda Mining 21 -21 -53 -67 0.115 $ 90,557,308.97
STN Saturn Metals -4 -22 7 -51 0.39 $ 45,608,876.55
MRR Minrex Resources -13 -22 -44 -53 0.014 $ 8,372,055.83
E2M E2 Metals 2 -23 -29 33 0.265 $ 39,874,871.45
TLM Talisman Mining -3 -23 65 38 0.165 $ 31,726,825.45
LEX Lefroy Exploration 15 -24 -27 88 0.47 $ 55,904,470.16
S2R S2 Resources -4 -24 -24 -29 0.125 $ 48,110,605.43
MEI Meteoric Resources 6 -24 -46 -12 0.037 $ 49,479,786.94
AQI Alicanto Min -11 -25 4 -25 0.12 $ 37,819,758.02
NPM Newpeak Metals -25 -25 -50 -25 0.0015 $ 6,827,435.15
MLS Metals Australia -25 -25 -25 -25 0.0015 $ 8,454,376.09
BRV Big River Gold -2 -26 -18 -40 0.295 $ 64,735,523.34
AUT Auteco Minerals -2 -27 -10 -48 0.088 $ 148,378,925.30
WRM White Rock Min 5 -27 -44 -48 0.335 $ 47,013,704.76
GWR GWR Group -5 -40 -24 -3 0.2 $ 60,557,288.60
G50 Gold50Limited 9 0.25 $ 13,082,680.26
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Biggest small cap gold winners: August

ARDIDEN (ASX:ADV)

Market Cap: $39m

Any ASX stock with exposure to lithium, including Ardiden, went mental earlier in the month.

The Canadian gold explorer recently inked a JV with Green Technology Metals (GTM) to explore and potentially develop ADV’s non-core lithium assets in Ontario.

GTM would progressively acquire up to 80% ownership of the lithium tenements for $9.2 million, subject to shareholder approval.

 

NEXUS MINERALS (ASX:NXM)

Market Cap: $38m

More high grade gold from the ‘Wallbrook’ project in WA, where new hits like 10m at 5.49g/t gold – which ended in mineralisation — follow on from some solid results earlier in August.

“These high-grade results from the Crusader prospect have again shown excellent continuity of mineralisation with broad, high-grade gold intersected,” managing director Andy Tudor says.

“With highly encouraging results from all holes in this RC drilling campaign, we are eagerly awaiting to see the geology and the potential mineralisation in the drilling from the diamond tails currently being drilled at Crusader.”

The drilling program now moves to the nearby Templar prospect where a 6,000m program is nearing completion.

Results from the initial 50% of the program are expected very soon, Nexus says.

 

ARUMA RESOURCES (ASX:AAJ)

Market Cap: $9m

Like Ardiden, Aruma’s main game is gold with a side of lithium.

The geology of its ‘Mt Deans’ project in WA is similar to the nearby Mt Marion (Mineral Resources (ASX:MIN)), Bald Hill and Buldania (Liontown Resources (ASX:LTR))  deposits, the company says.

While explorers love to make these sorts of comparisons, Aruma is going to test the theory with a maiden 12-hole drilling program in September.

 

AUSTRALASIAN GOLD (ASX:A8G)

Market Cap: $7m

Australasian Gold hit the bourse earlier this year with a focus on Queensland gold, but this share price gain was, once again, lithium related.

The stock has lodged a tenement application in the Mt Peake pegmatite district in Northern Territory.

The ground, which covers over 640sqkm and shares a boundary with Core Lithium’s (ASX:CXO) ‘Anningie’ lithium project, will be the focus on an upcoming field mapping campaign.