• 1 gram of gold can be recovered from about 41 recycled mobile phones
  • Mint Innovation can recover $US12,000 worth of gold from one tonne of old circuit boards
  • Gold trades sideways at ~$US1,850/oz

Our Gold Digger column wraps all the news driving ASX stocks with exposure to precious metals.

 

Gold’s nature is uniquely twofold – it acts both as a safe haven asset (via gold bar and coin purchases) and in practical applications, mostly jewellery and technology.

In 2021, the use of gold in the tech sector increased 9% to reach a three-year high of 330 tonnes (11.6Moz).

While technology demand is smaller than other sectors, its uses are far reaching and prevalent in a variety of electronics, from mobile devices, medical equipment, and cleantech.

 

How much gold is in my old mobile phone?

1 gram of gold can be recovered from about 41 recycled mobile phones, says Sandra Wilson, ‘urban miner’ and Professor of Ecological Metal Design at University of Dundee.

With the price of gold currently around A$2,600 per ounce — roughly $84 per gram — there’s about $2 worth of gold in every junked device.

MobileMuster reckons there is about 23.5 million mobiles still stored in our homes around the country.

If our loose grasp on the dark arts of mathematics is correct, that’s about 20,200oz of gold worth $52,520,000, just sitting there.

Companies are popping up all over the joint to take advantage of the recycling thematic.

Like Mint Innovation, which reckons it can recover $US12,000 worth of gold from one tonne of old circuit boards.

And it’s not just gold, either. Electronics also contain silver, PGEs, glass, and aluminium, while their batteries contain graphene, nickel, cobalt, and lithium.

All recyclable.

Pic: Mint.bio

 

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

> Stocks missing from this list? Email [email protected]

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1YEAR RETURN % PRICE MARKET CAP
OKU Oklo Resources 84% 64% -2% 9% 0.1475 $38,341,732.40
BEZ Besragoldinc 80% 48% -33% 0% 0.09 $14,950,946.52
BBX BBX Minerals 44% 4% -24% -50% 0.13 $52,902,469.63
KCC Kincora Copper 29% -5% -20% -71% 0.0955 $7,323,561.90
SRN Surefire Rescs NL 28% 32% 242% 64% 0.041 $52,574,073.61
PUR Pursuit Minerals 28% -21% -32% -70% 0.023 $20,802,082.27
MTC Metalstech 27% 71% 71% 326% 0.445 $72,499,096.65
GED Golden Deeps 25% 18% 67% 82% 0.02 $20,792,868.23
KAU Kaiser Reef 24% 0% 5% -33% 0.21 $27,188,849.94
MEK Meeka Gold Limited 22% 30% 33% -19% 0.06 $52,461,960.11
CPM Coopermetalslimited 22% 27% 200% 0% 0.525 $13,780,200.00
OBM Ora Banda Mining 21% -11% -41% -80% 0.04 $50,837,530.21
TLM Talisman Mining 21% 3% 0% -22% 0.175 $32,854,411.98
AWJ Auric Mining 20% 1% -33% -46% 0.091 $5,046,242.13
FFX Firefinch 18% 2% 63% 163% 1.05 $1,133,993,492.16
EM2 Eagle Mountain 18% 0% -32% -61% 0.395 $105,675,589.91
CTO Citigold Corp 17% -13% -30% -42% 0.007 $19,835,613.64
XAM Xanadu Mines 17% -18% 4% -54% 0.028 $40,955,546.24
RDT Red Dirt Metals 16% 4% -17% 290% 0.585 $174,877,424.58
MGV Musgrave Minerals 16% -13% -12% -33% 0.295 $158,466,019.96
MEU Marmota Limited 16% 31% 52% 52% 0.067 $68,605,692.12
MI6 Minerals260Limited 15% 7% -25% 0% 0.485 $96,800,000.00
XTC Xantippe Res 15% -18% 188% 475% 0.0115 $92,196,682.79
BGD Bartongoldholdings 14% 0% 17% 0% 0.24 $20,601,599.04
OGC OceanaGold Corp. 14% -1% 25% 22% 3.36 $229,210,362.02
ZAG Zuleika Gold 14% 22% 83% -6% 0.0365 $18,775,822.50
ADN Andromeda Metals 13% 10% -35% -45% 0.11 $325,944,685.40
EMU EMU NL 13% -15% -23% -63% 0.017 $9,896,660.71
RED Red 5 Limited 13% -1% 51% 140% 0.4075 $942,544,260.80
PGD Peregrine Gold 13% 3% 33% 51% 0.52 $18,951,901.16
LYN Lycaonresources 13% 2% 4% 0% 0.44 $12,985,500.00
MOH Moho Resources 12% -38% -38% -54% 0.037 $5,075,019.07
GCY Gascoyne Res 12% 5% -11% -53% 0.29 $121,388,354.25
GCY Gascoyne Res 12% 5% -11% -53% 0.29 $121,388,354.25
A8G Australasian Metals 11% -20% -20% 123% 0.39 $16,056,492.66
KRM Kingsrose Mining 11% -15% -10% 25% 0.069 $48,914,223.74
GSR Greenstone Resources 10% 66% 83% 152% 0.053 $46,739,138.14
DRE Dreadnought Resources 10% -2% 0% 72% 0.043 $122,063,392.69
IVR Investigator Res 10% -11% -27% -40% 0.055 $71,944,937.48
GML Gateway Mining 10% -8% -27% -54% 0.011 $22,601,063.67
TTM Titan Minerals 10% -12% -12% -30% 0.08 $112,777,642.64
GMD Genesis Minerals 9% -2% -2% 123% 1.465 $373,273,165.04
PRU Perseus Mining 9% 2% 14% 38% 1.91 $2,589,555,488.27
MKG Mako Gold 9% -5% -20% -10% 0.084 $32,108,294.57
GMN Gold Mountain 9% -14% -67% -85% 0.006 $7,158,895.02
SPQ Superior Resources 9% -12% 112% 227% 0.036 $59,542,714.63
CHN Chalice Mining 9% -4% -31% -26% 6.235 $2,183,394,365.10
M2R Miramar 9% -34% -38% -38% 0.125 $8,306,030.85
VMC Venus Metals Cor 9% -3% 6% 3% 0.19 $24,927,982.70
RVR Red River Resources 9% -21% 0% -14% 0.19 $98,508,252.72
MEI Meteoric Resources 8% -13% -24% -78% 0.013 $19,841,865.82
PAK Pacific American Hld 8% -24% -24% -30% 0.013 $6,212,406.23
MM8 Medallion Metals. 8% -5% 24% -10% 0.26 $24,919,319.16
STN Saturn Metals 8% 0% -22% -7% 0.4 $51,959,670.80
GSM Golden State Mining 8% -13% -30% -50% 0.068 $6,747,952.38
AWV Anova Metals 8% 8% -30% -30% 0.014 $20,973,318.80
MEG Megado 8% -15% 40% -13% 0.14 $5,811,587.73
LRL Labyrinth Resources 8% -33% -20% -44% 0.028 $25,764,319.27
TSO Tesoro Gold 7% -3% -6% -53% 0.075 $50,132,683.20
EVN Evolution Mining 7% -9% -9% -30% 3.75 $6,892,108,888.08
SLZ Sultan Resources 7% 0% 3% -44% 0.155 $12,909,080.30
CAI Calidus Resources 7% -8% 43% 112% 0.88 $362,067,307.20
AAU Antilles Gold 6% 5% -12% -4% 0.066 $23,678,132.39
CHZ Chesser Resources 6% -13% -26% -33% 0.1 $53,831,326.12
RMX Red Mount Min 6% -6% -15% -6% 0.0085 $14,781,274.72
S2R S2 Resources 6% 9% -19% 13% 0.175 $65,929,348.18
ARV Artemis Resources 6% -45% -58% -41% 0.036 $54,144,908.38
DGO DGO Gold Limited 6% -14% -2% -19% 2.89 $248,322,471.92
CAZ Cazaly Resources 5% -3% -20% -26% 0.039 $14,462,049.93
AL8 Alderan Resource 5% -17% -41% -66% 0.02 $7,660,189.44
CLA Celsius Resource 5% -9% -23% -51% 0.02 $24,429,315.36
SFR Sandfire Resources 5% 4% -11% -15% 5.45 $2,226,201,678.99
YRL Yandal Resources 5% -18% -45% -67% 0.21 $24,379,226.13
GSN Great Southern 5% -29% -33% -24% 0.042 $21,294,683.44
ZNC Zenith Minerals 5% -6% 59% 30% 0.3825 $132,403,099.68
PRX Prodigy Gold NL 5% -4% -37% -62% 0.022 $13,400,434.94
DTR Dateline Resources 5% -12% 28% 38% 0.11 $48,736,644.00
RRL Regis Resources 5% -3% 4% -25% 2 $1,517,100,358.98
BTR Brightstar Resources 5% -23% -54% -34% 0.023 $14,877,799.99
BYH Bryah Resources 4% -25% -8% -41% 0.047 $10,631,737.23
HRN Horizon Gold 4% -14% -9% -30% 0.36 $38,409,125.76
BRB Breaker Res NL 4% -6% -30% 30% 0.24 $73,314,209.03
BGL Bellevue Gold 4% -8% 6% -11% 0.855 $892,188,529.49
GBZ GBM Rsources 4% -11% -11% -27% 0.098 $49,155,275.80
WRM White Rock Min 4% -35% -58% -78% 0.13 $22,576,988.72
SNG Siren Gold 4% 3% 4% 30% 0.39 $33,775,969.20
LM8 Lunnonmetalslimited 4% -11% 166% 0% 0.93 $102,184,798.11
KCN Kingsgate Consolid. 4% 4% 4% 73% 1.555 $337,513,690.83
MRR Minrex Resources 4% -19% 185% 148% 0.057 $53,461,921.98
DEG De Grey Mining 4% -12% -15% -33% 1.0725 $1,507,462,571.75
CWX Carawine Resources 4% -31% -29% -43% 0.145 $20,675,152.05
AAR Astral Resources NL 4% -8% -3% -6% 0.087 $51,867,593.79
AGC AGC 3% -4% -11% -41% 0.089 $6,027,728.28
ALK Alkane Resources 3% 0% 27% 22% 1.045 $622,384,673.90
GTR Gti Resources 3% -21% -31% -19% 0.0165 $21,915,813.94
WAF West African Res 3% -3% -6% 13% 1.2575 $1,296,707,773.61
TIE Tietto Minerals 3% -15% -1% 14% 0.4225 $402,777,145.68
SLR Silver Lake Resource 3% -25% -10% -24% 1.5375 $1,432,460,184.54
WGX Westgold Resources. 3% -11% -32% -39% 1.3775 $665,262,113.23
PNR Pantoro Limited 3% -7% -12% 18% 0.2825 $425,255,868.99
ASR Asra Minerals 3% 27% 65% -12% 0.038 $50,919,081.16
STK Strickland Metals 3% 10% 3% 204% 0.076 $94,800,623.00
SKY SKY Metals 3% -16% -7% -53% 0.08 $30,142,677.60
BNZ Benzmining 3% -11% -7% -21% 0.6 $30,860,765.64
PDI Predictive Disc 3% 8% -13% 133% 0.2 $274,973,664.80
EMR Emerald Res NL 3% 3% 15% 26% 1.22 $705,684,106.05
ADT Adriatic Metals 2% -8% -7% -10% 2.27 $487,108,896.30
NWM Norwest Minerals 2% -18% -41% -54% 0.046 $8,307,939.80
ARN Aldoro Resources 2% -18% -48% -33% 0.23 $21,826,989.58
NSM Northstaw 2% -16% -23% -27% 0.235 $8,827,940.00
GOR Gold Road Res 2% -16% -11% -13% 1.3175 $1,175,336,317.61
QML Qmines Limited 2% -14% -34% -43% 0.25 $16,630,419.75
AUT Auteco Minerals 2% -30% -31% -44% 0.052 $109,567,014.90
CEL Challenger Exp 2% -17% -11% -8% 0.275 $271,098,667.26
AUC Ausgold Limited 2% -19% 21% 14% 0.057 $115,680,048.84
IDA Indiana Resources 2% -17% -12% -24% 0.057 $25,057,816.80
TBA Tombola Gold 2% 4% 79% 18% 0.059 $56,359,730.77
NVA Nova Minerals 2% -15% -53% -57% 0.63 $114,428,450.98
RXL Rox Resources 2% -13% -11% -34% 0.335 $54,905,807.78
CMM Capricorn Metals 1% -15% 25% 95% 3.62 $1,363,700,189.11
RMS Ramelius Resources 1% -11% -20% -34% 1.2975 $1,140,611,418.34
SVL Silver Mines Limited 1% -15% -11% -39% 0.1875 $245,448,107.17
ARL Ardea Resources 1% -30% 129% 150% 1.17 $195,198,437.80
TCG Turaco Gold Limited 1% -16% -30% -2% 0.088 $37,211,350.20
SBM St Barbara Limited 1% -12% -15% -37% 1.2025 $995,196,416.96
BRV Big River Gold 1% -2% 48% -15% 0.3325 $72,720,619.95
SSR SSR Mining Inc. 1% -7% 9% 15% 27.7 $541,811,871.72
NST Northern Star 1% -14% -10% -25% 8.755 $10,253,110,753.60
NPM Newpeak Metals 0% 0% 0% -50% 0.001 $8,862,850.03
NMR Native Mineral Res 0% -21% -36% -35% 0.17 $7,501,834.80
AQX Alice Queen 0% -38% -50% -64% 0.005 $8,497,573.38
KSN Kingston Resources 0% -18% -25% -39% 0.135 $53,660,027.07
AMI Aurelia Metals 0% -23% -16% -18% 0.345 $420,599,195.38
PNX PNX Metals Limited 0% 0% -20% -43% 0.005 $22,220,289.04
TMX Terrain Minerals 0% -9% 11% 0% 0.01 $7,607,610.09
FAU First Au 0% -7% 18% -28% 0.013 $10,645,842.34
IPT Impact Minerals 0% -13% -19% -29% 0.011 $25,190,308.24
PUA Peak Minerals 0% -13% -2% -13% 0.014 $15,620,561.27
SMS Starmineralslimited 0% 5% 20% 0% 0.21 $5,512,500.00
RND Rand Mining 0% -4% 3% 1% 1.5 $85,313,941.50
AM7 Arcadia Minerals 0% -25% 5% 0% 0.22 $8,048,275.00
KAL Kalgoorliegoldmining 0% -21% -28% 0% 0.115 $8,511,065.50
SIH Sihayo Gold Limited 0% 17% -61% -71% 0.0035 $14,741,845.65
TRY Troy Resources 0% 0% 0% -20% 0.037 $31,631,563.33
KGM Kalnorth Gold 0% 0% 0% 0% 0.013 $11,625,120.78
CGN Crater Gold Min 0% 0% 0% -11% 0.017 $21,063,473.65
GUL Gullewa Limited 0% -9% -8% -15% 0.074 $14,087,609.40
CY5 Cygnus Gold Limited 0% -15% -19% -3% 0.145 $17,107,870.68
G50 Gold50Limited 0% -13% -24% 0% 0.21 $11,763,780.21
ADV Ardiden 0% -20% 0% 20% 0.012 $29,351,688.92
AGS Alliance Resources 0% 0% 5% 2% 0.175 $40,953,448.03
DDD 3D Resources Limited 0% 0% -25% -40% 0.003 $14,636,552.32
BCN Beacon Minerals 0% -6% 3% -11% 0.032 $120,162,070.41
MAU Magnetic Resources 0% -3% -10% -2% 1.4 $312,958,232.51
WWI West Wits Mining 0% -10% -21% -67% 0.027 $44,117,579.06
PF1 Pathfinder Resources 0% 0% 69% 54% 0.5 $26,560,505.00
FML Focus Minerals 0% -17% -36% -34% 0.19 $53,013,349.33
RDN Raiden Resources 0% -31% -52% -54% 0.011 $15,550,193.54
SFM Santa Fe Minerals 0% -23% -13% 10% 0.1 $7,281,878.90
X64 Ten Sixty Four 0% -10% -2% -11% 0.765 $173,246,788.76
HAW Hawthorn Resources 0% -30% 22% 135% 0.115 $38,354,295.50
TMZ Thomson Res 0% -31% -57% -80% 0.029 $19,182,673.52
WMC Wiluna Mining Corp 0% -28% -48% -50% 0.48251 $101,961,574.11
CDR Codrus Minerals 0% -1% -36% 0% 0.09 $3,600,000.00
BAT Battery Minerals 0% -16% -47% -58% 0.008 $18,779,716.57
POL Polymetals Resources 0% 4% -13% 0% 0.13 $5,207,353.58
HRZ Horizon 0% 8% -4% 8% 0.135 $73,836,776.00
LCY Legacy Iron Ore 0% -4% 4% 71% 0.024 $153,763,828.78
SBR Sabre Resources 0% -17% 0% 0% 0.005 $13,945,824.27
TG1 Techgen Metals 0% 4% -28% -36% 0.14 $6,531,324.90
A1G African Gold . 0% -18% -32% -40% 0.14 $16,717,445.92
OAU Ora Gold Limited 0% -29% -25% -47% 0.012 $10,806,901.26
GNM Great Northern 0% 0% -29% -71% 0.005 $8,545,254.88
DEX Duke Exploration 0% -27% -50% -72% 0.11 $11,727,449.76
DLC Delecta Limited 0% 0% -8% 83% 0.011 $13,253,995.76
ENR Encounter Resources 0% -16% -4% -19% 0.135 $42,824,271.51
ANL Amani Gold 0% -25% 50% -25% 0.0015 $34,940,161.69
AGG AngloGold Ashanti 0% -12% -11% -26% 4.95 $441,578,436.75
NCM Newcrest Mining -1% -10% 2% -14% 24.8 $22,006,556,806.08
AXE Archer Materials -1% -17% -40% -7% 0.725 $177,225,053.01
ERM Emmerson Resources -1% -18% 19% 21% 0.094 $52,836,849.44
ANX Anax Metals -1% -20% -7% -16% 0.084 $36,038,534.40
AME Alto Metals Limited -1% -8% -21% -8% 0.083 $43,827,113.50
KZR Kalamazoo Resources -1% -18% 0% -23% 0.34 $51,906,988.71
PGO Pacgold -2% -14% 39% 0% 0.6 $32,977,089.00
AZS Azure Minerals -2% -16% -21% 6% 0.28 $83,898,644.67
HAV Havilah Resources -2% 46% 42% 6% 0.27 $85,196,858.18
OKR Okapi Resources -2% -26% -46% 14% 0.25 $26,942,009.79
GBR Greatbould Resources -2% -8% -25% -22% 0.097 $40,921,600.78
MKR Manuka Resources. -2% -20% -38% -39% 0.225 $24,813,123.72
PNT Panthermetals -2% -8% 0% 0% 0.22 $6,300,000.00
VAN Vango Mining -2% -22% -27% -39% 0.043 $54,177,318.18
MVL Marvel Gold Limited -3% -13% -45% -25% 0.039 $27,468,455.43
CST Castile Resources -3% 9% -5% -35% 0.175 $34,949,271.18
MRZ Mont Royal Resources -3% -11% 0% -10% 0.32 $21,786,684.08
ASO Aston Minerals -3% -7% 22% -18% 0.14 $153,239,158.52
FG1 Flynngold -3% -10% -26% 0% 0.14 $8,968,547.00
TAM Tanami Gold NL -4% -8% -20% -25% 0.055 $62,280,143.44
ALY Alchemy Resource -4% -16% 108% 62% 0.027 $25,732,999.54
TBR Tribune Res -4% -14% -18% -19% 4.04 $211,971,031.08
NML Navarre Minerals -4% -9% 10% -25% 0.079 $109,173,772.16
KAI Kairos Minerals -4% -10% -7% -24% 0.026 $54,938,617.75
HCH Hot Chili -4% -29% -44% -36% 1.145 $140,465,103.12
ICL Iceni Gold -4% -27% -47% -43% 0.12 $15,383,571.36
GRL Godolphin Resources -4% -18% -21% -32% 0.115 $9,673,862.79
E2M E2 Metals -4% -22% -51% -50% 0.1725 $33,852,494.91
SMI Santana Minerals -4% 22% 200% 683% 0.9 $114,068,067.68
BC8 Black Cat Syndicate -4% -23% -27% -42% 0.425 $75,191,962.20
WCN White Cliff Min -5% -25% 17% 31% 0.021 $13,072,067.24
NAE New Age Exploration -5% -19% -5% -38% 0.0105 $14,358,989.10
TAR Taruga Minerals -5% 5% -52% -78% 0.021 $11,560,964.80
PNM Pacific Nickel Mines -5% -35% -21% 35% 0.0715 $19,260,585.78
BMR Ballymore Resources -5% 8% -9% 0% 0.2 $15,063,006.61
MZZ Matador Mining -5% -22% -46% -57% 0.19 $42,416,303.48
KTA Krakatoa Resources -5% -35% 32% 36% 0.075 $26,542,663.61
GIB Gibb River Diamonds -5% -16% -35% -29% 0.052 $11,633,019.48
NES Nelson Resources. -6% -29% -48% -72% 0.017 $5,591,646.12
SVY Stavely Minerals -6% -12% -36% -47% 0.33 $84,812,471.90
RSG Resolute Mining -6% -14% -22% -51% 0.2875 $320,140,140.80
G88 Golden Mile Res -6% -26% -2% -18% 0.049 $9,575,432.86
NAG Nagambie Resources -6% 0% -41% -31% 0.048 $24,631,015.58
ICG Inca Minerals -6% -19% -25% -47% 0.079 $39,006,354.09
CYL Catalyst Metals -6% -16% -29% -25% 1.55 $152,606,951.90
DCN Dacian Gold -6% -26% -13% -39% 0.1875 $206,164,641.97
LEX Lefroy Exploration -7% -15% -21% -75% 0.28 $39,386,160.36
CBY Canterbury Resources -7% -7% -38% -42% 0.056 $6,899,117.68
FEG Far East Gold -7% -13% 0% 0% 0.35 $42,713,023.50
HXG Hexagon Energy -7% -39% -69% -71% 0.027 $13,848,729.33
SAU Southern Gold -7% -17% -38% -47% 0.04 $8,746,479.00
DCX Discovex Res -7% -19% 30% -7% 0.0065 $17,980,648.53
MTH Mithril Resources -7% -19% -62% -57% 0.0065 $20,441,631.29
HMG Hamelingoldlimited -7% -19% -19% 0% 0.13 $14,850,000.00
THR Thor Mining PLC -7% -19% -7% -19% 0.013 $13,753,238.41
MDI Middle Island Res -7% -13% 30% 18% 0.13 $16,526,459.97
MAT Matsa Resources -7% -24% -4% -34% 0.052 $19,024,594.86
CDT Castle Minerals -8% -26% 28% 118% 0.037 $35,981,747.42
GWR GWR Group -8% -25% 12% -50% 0.12 $38,545,998.60
BNR Bulletin Res -8% -25% 117% 144% 0.165 $46,414,576.00
MBK Metal Bank -8% -21% -39% -48% 0.0055 $13,039,090.80
MXR Maximus Resources -9% -23% 2% -20% 0.064 $20,981,780.69
MHC Manhattan Corp -9% -29% 0% -29% 0.01 $16,789,065.62
KNB Koonenberrygold -9% -10% -40% 0% 0.09 $6,728,317.92
LCL Los Cerros Limited -9% -37% -55% -65% 0.059 $38,388,282.45
OZM Ozaurum Resources -9% 26% 34% 15% 0.195 $10,298,880.00
VRC Volt Resources -10% -24% -32% -53% 0.019 $60,925,661.76
GMR Golden Rim Resources -10% -7% -29% -57% 0.064 $20,404,370.74
PKO Peako Limited -10% -5% -22% -54% 0.018 $5,552,173.82
M24 Mamba Exploration -10% -32% -53% -60% 0.099 $4,217,500.30
AQI Alicanto Min -10% -28% -47% -38% 0.071 $27,243,666.81
VKA Viking Mines -11% -27% -56% -72% 0.008 $8,202,067.45
SI6 SI6 Metals Limited -11% -20% -20% -30% 0.008 $12,853,295.87
RDS Redstone Resources -11% -27% -43% -50% 0.008 $5,157,826.77
DTM Dart Mining NL -11% -8% -26% -48% 0.07 $9,468,211.20
PRS Prospech Limited -13% -25% -43% -71% 0.042 $2,737,602.21
RGL Riversgold -13% -35% 132% 8% 0.042 $24,857,905.09
NXM Nexus Minerals -13% -14% -44% 209% 0.275 $78,212,393.37
KWR Kingwest Resources -13% -25% -44% 50% 0.135 $34,016,223.50
CXU Cauldron Energy -13% -13% -52% -68% 0.013 $6,960,346.60
HMX Hammer Metals -14% -33% 36% -40% 0.06 $43,194,715.02
TRM Truscott Mining Corp -14% 0% 60% 30% 0.048 $7,293,194.11
AYM Australia United Min -14% 0% -40% -33% 0.006 $11,055,464.91
AAJ Aruma Resources -16% -31% -6% 5% 0.066 $10,987,305.21
MCT Metalicity Limited -17% -35% -42% -63% 0.005 $13,027,988.20
BMO Bastion Minerals -18% -28% -42% -28% 0.14 $10,630,096.40
LNY Laneway Res -20% -20% -30% -7% 0.004 $31,510,082.05
AVW Avira Resources -20% -33% -33% -33% 0.004 $8,475,160.00
REZ Resourc & En Grp -21% -25% -30% 18% 0.033 $15,493,979.46
RML Resolution Minerals -21% -27% -41% -56% 0.011 $8,204,582.47
MLS Metals Australia -23% -43% 113% 113% 0.085 $38,715,217.69
TSC Twenty Seven Co. -25% -25% -25% -25% 0.003 $7,982,441.72
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SMALL CAP STANDOUTS

OKLO RESOURCES (ASX:OKU)

+1Mozpa miner B2Gold will acquire neighbouring 668,000oz Mali gold explorer OKU for an implied 17.25c per share.

That’s a 127% premium to OKU’s last closing price, and premium to any closing share price over the past 12 months.

The implied consideration breaks down into 0.0206 B2Gold shares and A$0.0525 cash per Oklo share.

While long term shareholders would be taking a haircut on the deal, post-coup Mali is a fairly risky jurisdiction for a junior to be operating in. The OKU board – which unanimously recommends the transaction – says the deal is “mutually beneficial”.

“The B2Gold proposal was welcomed by the Oklo directors and comes at an opportune time for Oklo shareholders to crystallise value and de-risk their investment in the company,” OKU Simon Taylor says.

“Whilst the Oklo team continues to see significant potential in the Dandoko Project and the region generally, Dandoko is at an inflection point and this transaction removes the risks associated with project development, future capital raisings and other risks faced by a junior gold explorer in a foreign jurisdiction.

“Considering B2Gold’s compelling offer along with the risks involved in Oklo pursuing a ‘go it alone’ strategy, the board has resolved that the opportunity to combine with a well-funded, substantial multi-asset gold producer represents a highly attractive outcome for Oklo shareholders.”

 

BESRA GOLD (ASX:BEZ)

Gold explorer BEZ mooned last week on no news, before being placed in a trading halt by the ASX police.

In response to a Price and Volume Query, BEZ maintains that the results on ongoing drilling have not been leaked.

“All computers at the Bau office are password locked to prevent unauthorised access,” it says as part of a very detailed response.

“Only the QA/QC geologist and geologists working on the specific cores have access to the computer system, and all staff and consultants are subject to confidentiality agreements.”

BEZ’s substantial 3.3Moz ‘Bau’ gold project in Malaysia also includes an additional 4.9Moz – 9.3Moz exploration target.

Eight holes have now been successfully completed at the ‘Jugan’ prospect with assays for seven holes reported to date and a further 11 holes pending release.

These were anticipated to be received progressively from the end of last week, BEZ says, but are now overdue because of lab backlogs.

Drilling has now moved to the 644,000oz ‘Bekajang’ prospect to grow that resource.