High Voltage: Rare earths reign again with an Aussie junior in the spotlight
Aussie rare earths junior could have highest ionic proportion of any clay-hosted rare earths resource in the country. Pic: Getty Images.
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths and vanadium.
Rare earths are in the news again this week, not due to any market moves per se, but in terms of explorers making the gains.
Like ABx Group (ASX:ABX) which jumped 102% on the news that ANSTO, one of the world’s leading REE laboratories, completed diagnostic leach tests on a 100kg sample of ionic adsorption clay (IAC) rare earth material from the company’s Deep Leads rare earth project in Tasmania.
The ANSTO diagnostic leach tests were conducted at pH 4.0, pH 4.5 and pH 4.7 to test progressively lower acidity, nearer to neutral pH 7. Lower acidity delivers lower capital/operating costs and reduced environmental impact.
Extraction results were very similar at pH 4 and 4.5, and only slightly lower at pH 4.7, indicating that the Deep Leads deposit could be effectively leached at an exceptionally benign pH above 4 (the acidity of apple juice).
ABx said this was valuable because contamination by impurity elements such as aluminium and iron was typically much lower at a higher pH.
ANSTO’s latest results were at least consistent with, and in some cases better than, those from ABx’s in-house leach testing – which achieved more than 70% dysprosium and terbium.
They are also consistent with previous leach tests conducted by ANSTO that found that samples from Deep Leads exhibited the highest extractions under near-neutral conditions reported from any clay-hosted resource in Australia.
This means the ABx resource has the highest ionic proportion of any clay-hosted rare earths resource in the country.
ANSTO remains on track to deliver a mixed rare earth carbonate (MREC) sample in Q4 2025.
“Confirmation of our in-house results by ANSTO – one of the world’s leading rare earth laboratories – is an important milestone,” ABX managing director and CEO Mark Cooksey said.
“Achieving such high extractions of dysprosium and terbium is particularly encouraging, as these are the most strategically valuable rare earths.
“The ability for Deep Leads to effectively be leached above pH 4 reduces impurities and points to lower operating costs and a cleaner process.
“With the program on track to deliver our first MREC sample later this year, we are advancing rapidly towards commercial outcomes.”
Battery Metals Winners and Losers
Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese and vanadium is performing >>>
Code Company Price % Week % Month % Six Month % Year Market Cap XTC XTC Lithium Limited 0.2 19900% 19900% 19900% 0% $17,528,272 ABX ABX Group Limited 0.085 102% 124% 136% 102% $18,891,113 ASRDD Asra Minerals Ltd 0.024 60% 20% 20% -66% $9,600,475 THR Thor Energy PLC 0.014 56% 56% 8% -7% $7,326,361 GSM Golden State Mining 0.012 50% 50% 50% 20% $3,352,448 FBM Future Battery 0.038 46% 41% 90% 81% $25,637,119 HMX Hammer Metals Ltd 0.036 44% 33% 16% -10% $34,622,589 AVW Avira Resources Ltd 0.01 43% 67% 11% -50% $2,300,000 CAE Cannindah Resources 0.031 41% 60% -51% -22% $21,114,319 SLZ Sultan Resources Ltd 0.007 40% 40% -13% 17% $1,827,585 IMI Infinitymining 0.011 38% -8% 10% -39% $4,653,174 ZEU Zeus Resources Ltd 0.022 38% 29% 193% 144% $15,783,606 ALY Alchemy Resource Ltd 0.008 33% 45% 0% 33% $8,246,534 TAR Taruga Minerals 0.012 33% 33% 33% 50% $8,565,049 VHM Vhmlimited 0.25 32% 32% -14% -56% $57,334,489 GTE Great Western Exp. 0.019 31% 58% -30% -32% $10,787,401 ORN Orion Minerals Ltd 0.013 30% 30% -13% -19% $90,028,822 SGQ St George Min Ltd 0.053 29% 33% 179% 71% $151,923,247 GED Golden Deeps 0.052 27% 136% 117% -30% $8,856,285 PNT Panthermetalsltd 0.01 25% 18% -33% -57% $3,309,950 ARN Aldoro Resources 0.39 24% 30% 5% 343% $81,647,741 DRE Dreadnought Resources Ltd 0.016 23% 33% 0% 0% $81,272,000 LSR Lodestar Minerals 0.022 22% 40% 124% -25% $8,395,335 AEE Aura Energy 0.2075 22% 26% 73% 60% $183,830,275 CRI Critica Ltd 0.023 21% 44% 24% 64% $64,756,372 MOH Moho Resources 0.006 20% 50% 50% 20% $3,727,070 SRL Sunrise 2.19 20% 68% 776% 334% $196,534,935 BMG BMG Resources Ltd 0.012 20% 50% 0% 71% $9,695,670 FML Focus Minerals Ltd 0.605 20% 66% 210% 332% $169,069,601 SCN Scorpion Minerals 0.025 19% 32% 4% 79% $13,101,405 GT1 Greentechnology 0.038 19% 36% -22% -58% $18,056,462 LU7 Lithium Universe Ltd 0.013 18% 100% 44% 1% $14,389,796 FLG Flagship Min Ltd 0.073 18% 38% 66% 4% $19,809,824 A11 Atlantic Lithium 0.2 18% 33% 14% -22% $142,095,199 GL1 Globallith 0.27 17% 35% 50% 29% $66,741,691 HRE Heavy Rare Earths 0.054 17% 32% 116% 81% $10,817,762 IXR Ionic Rare Earths 0.0175 17% -3% 150% 192% $96,805,721 TON Triton Min Ltd 0.007 17% 0% 0% -22% $12,547,110 TEM Tempest Minerals 0.007 17% 0% 40% -36% $7,712,565 ANX Anax Metals Ltd 0.007 17% 0% -22% -67% $6,179,653 ARV Artemis Resources 0.007 17% 56% -13% -46% $20,059,705 MEK Meeka Metals Limited 0.18 16% 33% 44% 233% $554,577,732 RAG Ragnar Metals Ltd 0.022 16% 16% 29% 16% $10,901,677 SVY Stavely Minerals Ltd 0.015 15% -17% -17% -42% $10,196,346 KM1 Kalimetalslimited 0.19 15% 58% 102% 27% $17,386,417 G88 Golden Mile Res Ltd 0.008 14% -11% -27% -11% $5,007,080 CTN Catalina Resources 0.004 14% -11% 42% 42% $9,704,076 RR1 Reach Resources Ltd 0.012 14% 9% 20% -14% $10,493,176 RR1 Reach Resources Ltd 0.012 14% 9% 20% -14% $10,493,176 WSR Westar Resources 0.008 14% 33% -11% 14% $2,791,074 CRR Critical Resources 0.0085 13% 70% 113% -23% $24,930,769 KFM Kingfisher Mining 0.06 13% 6% 29% 20% $5,161,226 PGM Platina Resources 0.026 13% 24% 30% 24% $16,202,689 CLA Celsius Resource Ltd 0.009 13% 38% -10% -36% $28,219,396 VRC Volt Resources Ltd 0.0045 13% 13% 13% 13% $18,739,398 BC8 Black Cat Syndicate 1.01 12% 25% 20% 166% $722,965,101 PBL Parabellumresources 0.065 12% 16% 30% 71% $4,049,500 PGD Peregrine Gold 0.2775 11% 1% 141% 73% $23,333,129 DEV Devex Resources Ltd 0.093 11% 22% 13% -47% $38,868,779 SRZ Stellar Resources 0.021 11% 24% 62% 31% $43,674,762 OCN Oceanalithiumlimited 0.105 11% 54% 275% 296% $17,482,120 TOR Torque Met 0.32 10% 31% 223% 191% $171,137,573 FGR First Graphene Ltd 0.054 10% 46% 17% 20% $40,742,220 TVN Tivan Limited 0.11 10% 0% 25% 139% $218,433,638 EVR Ev Resources Ltd 0.011 10% 10% 120% 200% $24,502,537 MEI Meteoric Resources 0.1375 10% 10% 115% 45% $343,321,447 VRX VRX Silica Ltd 0.1375 10% 58% 282% 409% $100,888,707 ASL Andean Silver 1.6 10% 30% 59% 68% $312,410,204 RXL Rox Resources 0.395 10% 46% 61% 198% $298,841,070 ALK Alkane Resources Ltd 1.14 10% 63% 87% 189% $1,603,731,254 BUR Burleyminerals 0.035 9% -15% -37% -65% $5,893,354 AR3 Austrare 0.12 9% 28% 55% 95% $26,622,781 VMC Venus Metals Cor Ltd 0.12 9% 21% 45% 71% $23,535,442 CDT Castle Minerals 0.072 9% 11% 20% -40% $11,279,546 GAL Galileo Mining Ltd 0.185 9% 19% 32% 6% $36,560,611 KZR Kalamazoo Resources 0.125 9% 28% 67% 30% $28,393,888 WMG Western Mines 0.25 9% 9% 150% 0% $23,811,144 KAI Kairos Minerals Ltd 0.025 9% 14% 32% 150% $61,959,980 FRS Forrestaniaresources 0.2 8% 18% 953% 1567% $70,819,046 ARU Arafura Rare Earths 0.2 8% 14% 21% 21% $538,455,819 BNR Bulletin Res Ltd 0.054 8% 0% 29% 17% $17,323,186 FG1 Flynngold 0.028 8% 0% 0% 8% $10,956,861 LLM Loyal Metals Ltd 0.29 7% 35% 258% 107% $37,262,090 SRI Sipa Resources Ltd 0.016 7% -11% 45% 7% $8,848,464 1MC Morella Corporation 0.016 7% 0% -20% -53% $5,894,864 KGD Kula Gold Limited 0.008 7% 0% 60% -6% $9,329,745 SRK Strike Resources 0.032 7% -9% 7% 3% $9,080,000 ARL Ardea Resources Ltd 0.485 7% 20% 9% 11% $107,310,587 LRV Larvottoresources 0.735 7% 4% -5% 84% $342,599,037 LM1 Leeuwin Metals Ltd 0.165 6% 67% 38% 104% $17,641,117 REC Rechargemetals 0.017 6% 31% 0% -43% $4,111,839 PFE Pantera Lithium 0.017 6% -6% -6% -36% $8,054,323 HWK Hawk Resources. 0.017 6% 0% -26% -43% $4,605,801 CHN Chalice Mining Ltd 1.94 6% 23% 35% 85% $702,335,592 ASN Anson Resources Ltd 0.09 6% -25% 55% -7% $132,693,748 MRR Minrex Resources Ltd 0.009 6% 13% 0% -10% $9,763,808 BUX Buxton Resources Ltd 0.0275 6% -28% -2% -56% $9,449,162 SMX Strata Minerals 0.019 6% 46% -42% -24% $4,407,339 STM Sunstone Metals Ltd 0.019 6% -5% 217% 171% $130,273,425 FUN Fortuna Metals Ltd 0.057 6% 90% 27% -16% $10,678,613 FUN Fortuna Metals Ltd 0.057 6% 90% 27% -16% $10,678,613 NST Northern Star 19.935 5% 30% 14% 34% $28,543,969,636 QEM QEM Limited 0.04 5% 38% -35% -70% $9,456,014 REE Rarex Limited 0.02 5% 11% 150% 67% $20,003,280 AZI Altamin Limited 0.021 5% 11% -13% -21% $12,064,561 L1M Lightning Minerals 0.042 5% 5% -48% -38% $6,286,461 IPX Iperionx Limited 7.47 5% 28% 101% 181% $2,420,917,274 GBR Greatbould Resources 0.066 5% 18% -6% 35% $63,793,580 E25 Element 25 Ltd 0.335 5% 34% 29% 60% $77,728,216 1AE Auroraenergymetals 0.069 5% -10% 57% 35% $12,713,525 FRB Firebird Metals 0.1775 4% 42% 93% 69% $25,625,052 JMS Jupiter Mines. 0.245 4% 17% 58% 44% $470,650,023 EMC Everest Metals Corp 0.125 4% -4% -29% 19% $28,147,657 NWM Norwest Minerals 0.013 4% 4% 26% -31% $13,391,390 LPM Lithium Plus 0.08 4% 5% 31% -11% $10,361,520 DYM Dynamicmetalslimited 0.28 4% 24% -8% 93% $13,792,615 GW1 Greenwing Resources 0.029 4% -3% -17% -50% $10,363,544 CY5 Cygnus Metals Ltd 0.087 4% -3% -28% 24% $89,943,910 ADV Ardiden Ltd 0.16 3% -3% 7% 33% $10,002,801 BCA Black Canyon Limited 0.485 3% 41% 593% 708% $64,607,582 GLN Galan Lithium Ltd 0.165 3% 22% 50% 35% $169,257,546 MNB Minbos Resources Ltd 0.069 3% 21% 57% 10% $64,353,274 NTU Northern Min Ltd 0.038 3% 23% 111% 58% $317,571,921 PSC Prospect Res Ltd 0.2 3% 11% 127% 104% $129,608,628 MLX Metals X Limited 0.635 2% 11% 22% 57% $553,994,711 SFM Santa Fe Minerals 0.215 2% -22% 424% 451% $15,656,040 RBX Resource B 0.044 2% 29% 22% 29% $5,068,117 DLI Delta Lithium 0.1725 1% 11% 5% -16% $121,929,405 BSX Blackstone Ltd 0.07 1% 1% 9% 49% $125,037,482 PUR Pursuit Minerals 0.072 1% 9% 6% -52% $7,264,845 PLS Pilbara Min Ltd 2.345 0% 40% 19% -15% $7,338,166,767 INF Infinity Metals Ltd 0.017 0% 0% -32% -58% $7,671,423 NWC New World Resources 0.067 0% 0% 205% 294% $243,442,936 AZL Arizona Lithium Ltd 0.007 0% 0% -22% -53% $37,662,201 RIL Redivium Limited 0.004 0% 0% 0% 0% $13,609,422 LPD Lepidico Ltd 0.002 0% 0% 0% 0% $17,178,371 MRD Mount Ridley Mines 0.003 0% 71% 71% -66% $2,685,787 CZN Corazon Ltd 0.003 0% 20% 50% -25% $3,703,717 INR Ioneer Ltd 0.12 0% 4% -17% -25% $306,798,109 MAN Mandrake Res Ltd 0.022 0% -4% 10% -15% $13,799,718 RLC Reedy Lagoon Corp. 0.003 0% 50% 50% 0% $2,330,120 RYZ Ryzon Materials Ltd 0.042 0% 0% 0% 0% $50,378,922 PLL Piedmont Lithium Inc 0.14 0% 22% 27% 17% $67,063,990 JLL Jindalee Lithium Ltd 0.4 0% -18% 86% 60% $31,948,338 NMT Neometals Ltd 0.053 0% -20% -35% -31% $43,147,526 AXN Alliance Nickel Ltd 0.04 0% 29% 18% 25% $29,033,585 AAJ Aruma Resources Ltd 0.008 0% 14% -20% -58% $2,623,524 EVG Evion Group NL 0.031 0% -6% 55% 24% $14,051,110 CWX Carawine Resources 0.09 0% -3% -6% -10% $21,251,290 HAS Hastings Tech Met 0.315 0% 13% -11% 11% $66,406,334 IPT Impact Minerals 0.009 0% 0% 19% -29% $37,019,970 LIT Livium Ltd 0.012 0% 9% 9% -40% $20,425,285 ADD Adavale Resource Ltd 0.029 0% 26% -28% -52% $5,483,439 LEL Lithenergy 0.37 0% 0% 0% 19% $41,440,581 RMX Red Mount Min Ltd 0.008 0% 0% -20% -20% $4,761,737 MRC Mineral Commodities 0.026 0% 0% 0% 0% $25,596,288 QPM QPM Energy Limited 0.031 0% -3% -38% -6% $98,859,064 EMH European Metals Hldg 0.18 0% -5% 64% -5% $41,846,020 PEK Peak Rare Earths Ltd 0.335 0% 3% 264% 82% $146,382,577 WKT Walkabout Resources 0.095 0% 0% 0% -5% $63,769,838 S2R S2 Resources 0.12 0% 82% 90% 33% $65,190,975 PVT Pivotal Metals Ltd 0.008 0% -20% 0% -33% $6,804,194 NVA Nova Minerals Ltd 0.31 0% 11% 13% 107% $124,465,439 MQR Marquee Resource Ltd 0.012 0% 9% 20% -29% $8,067,389 DTM Dart Mining NL 0.0025 0% -17% -55% -86% $2,749,052 EMS Eastern Metals 0.01 0% 0% -9% -52% $1,394,262 OB1 Orbminco Limited 0.001 0% 0% -20% -40% $3,402,568 LMG Latrobe Magnesium 0.026 0% 73% 73% -19% $73,765,976 KOR Korab Resources 0.008 0% 0% 0% 0% $2,936,400 CMX Chemxmaterials 0.026 0% 0% 0% -30% $33,545,803 CMO Cosmometalslimited 0.019 0% -5% -10% -22% $7,531,971 AKN Auking Mining Ltd 0.006 0% 0% 20% -25% $4,823,979 EMT Emetals Limited 0.005 0% 25% 25% 25% $4,250,000 RAS Ragusa Minerals Ltd 0.025 0% 39% 4% 47% $4,454,970 RGL Riversgold 0.004 0% 0% -11% -11% $6,734,850 ZNC Zenith Minerals Ltd 0.059 0% 84% 40% 48% $31,237,874 YAR Yari Minerals Ltd 0.011 0% -8% 120% 175% $7,584,102 ODE Odessa Minerals Ltd 0.007 0% 8% 27% 133% $12,796,260 M79 Mammothmineralsltd 0.1 0% 19% 54% 28% $49,452,798 CLZ Classic Min Ltd 0.001 0% 0% 0% 0% $3,017,699 SUM Summitminerals 0.046 0% 18% -39% -80% $3,985,924 PEK Peak Rare Earths Ltd 0.335 0% 3% 264% 82% $146,382,577 IDA Indiana Resources 0.042 0% 10% 41% 92% $27,036,763 M2R Miramar 0.003 0% -25% 0% -81% $3,584,770 AOA Ausmon Resorces 0.003 0% 50% 50% 50% $3,933,640 KTA Krakatoa Resources 0.013 0% 8% 30% 18% $10,893,876 OM1 Omnia Metals Group 0.012 0% 0% -85% -85% $2,605,100 LLL Leolithiumlimited 0.332997 0% 0% 0% 0% $401,204,047 SRN Surefire Rescs NL 0.0015 0% -40% -40% -70% $5,860,289 EG1 Evergreenlithium 0.027 0% -18% -68% -37% $6,587,495 TMX Terrain Minerals 0.002 0% 0% -50% -43% $7,745,443 MHC Manhattan Corp Ltd 0.022 0% -15% 10% 10% $12,262,220 FIN FIN Resources Ltd 0.005 0% 0% -29% -29% $3,474,442 HAW Hawthorn Resources 0.057 0% 6% 27% -8% $19,095,890 RON Roninresourcesltd 0.175 0% 17% 0% 30% $7,065,627 AMD Arrow Minerals 0.02 0% 0% -43% -50% $17,555,332 CUL Cullen Resources 0.006 0% 20% 20% 9% $4,160,411 HLX Helix Resources 0.002 0% 20% -20% -40% $6,728,387 RIE Riedel Resources Ltd 0.03 0% -6% -21% -63% $4,249,970 SER Strategic Energy 0.005 0% -17% 0% -79% $4,183,458 TLM Talisman Mining 0.15 0% 11% -17% -33% $28,248,052 RIO Rio Tinto Limited 116 -1% 5% -1% 7% $42,159,025,424 MTM Metallium Ltd 0.79 -1% -1% 327% 1512% $449,842,856 LYC Lynas Rare Earths 14.62 -1% 35% 113% 113% $14,196,244,744 ASM Ausstratmaterials 0.575 -1% 6% 53% 6% $127,419,623 ILU Iluka Resources 6.295 -1% 21% 46% 5% $2,672,497,970 QGL Quantum Graphite 0.48 -1% -2% 0% -13% $163,869,594 LTR Liontown Resources 0.91 -1% 14% 39% 40% $2,526,106,569 CTM Centaurus Metals Ltd 0.355 -1% -10% 1% -10% $199,351,703 MIN Mineral Resources. 36.81 -2% 23% 54% 2% $7,137,555,697 OMH OM Holdings Limited 0.285 -2% -5% -16% -27% $210,720,620 OD6 Od6Metalsltd 0.057 -2% 171% 50% 36% $11,537,910 DVP Develop Global Ltd 3.815 -2% -9% 30% 82% $1,244,952,116 BM8 Battery Age Minerals 0.082 -2% 19% 14% -25% $12,447,749 PAT Patriot Resourcesltd 0.038 -3% -25% -24% -7% $6,270,853 KNI Kunikolimited 0.075 -3% -18% -41% -48% $6,534,320 MTC Metalstech Ltd 0.185 -3% 32% 61% -29% $42,190,442 SFR Sandfire Resources 12.385 -3% 12% 16% 45% $5,605,267,411 AGY Argosy Minerals Ltd 0.036 -3% 20% 50% -20% $55,293,154 BHP BHP Group Limited 42.02 -3% 7% 6% 6% $214,787,238,171 WC8 Wildcat Resources 0.175 -3% 13% -13% -34% $233,969,477 HAV Havilah Resources 0.175 -3% -5% -13% -3% $63,790,193 EFE Eastern Resources 0.034 -3% 0% 31% -24% $4,287,058 EMN Euromanganese 0.17 -3% 3% -26% -32% $9,019,351 ESR Estrella Res Ltd 0.033 -3% -15% 14% 450% $74,706,180 PTR Petratherm Ltd 0.32 -3% -12% 28% 1500% $109,183,653 AM7 Arcadia Minerals 0.03 -3% 7% 50% -3% $3,521,503 KOB Kobaresourceslimited 0.03 -3% -12% -49% -75% $5,960,148 MHK Metalhawk. 0.145 -3% -17% -53% 93% $17,891,922 STK Strickland Metals 0.14 -3% 8% 96% 67% $316,730,372 COB Cobalt Blue Ltd 0.053 -4% 0% 6% -27% $22,686,781 PNN Power Minerals Ltd 0.079 -4% 1% -10% -13% $13,730,169 IG6 Internationalgraphit 0.052 -4% -16% 0% -39% $10,065,033 LOT Lotus Resources Ltd 0.1875 -4% 25% 7% -17% $533,667,827 NIC Nickel Industries 0.72 -4% -2% -2% -9% $3,038,655,113 BOA BOA Resources Ltd 0.023 -4% 28% 28% 28% $2,837,115 EGR Ecograf Limited 0.33 -4% 10% 214% 247% $150,686,651 SVM Sovereign Metals 0.7 -5% -1% -24% 6% $449,622,399 PVW PVW Res Ltd 0.019 -5% 19% 36% -14% $3,580,286 MLS Metals Australia 0.019 -5% 0% -5% -10% $14,574,390 WIN WIN Metals 0.019 -5% -5% 6% -39% $12,683,907 LIN Lindian Resources 0.2375 -5% 138% 150% 90% $321,558,890 EUR European Lithium Ltd 0.094 -5% 21% 74% 169% $133,096,495 NC1 Nicoresourceslimited 0.091 -5% -17% 20% -33% $11,234,002 AS2 Askarimetalslimited 0.009 -5% -10% -10% -57% $4,043,068 WA1 Wa1Resourcesltd 17.965 -5% 17% 41% 5% $1,321,616,696 AUZ Australian Mines Ltd 0.0085 -6% 21% -6% 21% $14,491,710 DM1 Desert Metals 0.017 -6% -19% -13% -23% $7,233,030 KNG Kingsland Minerals 0.17 -6% 31% 42% 0% $12,335,355 VR8 Vanadium Resources 0.033 -6% 3% 43% -13% $20,615,651 RVT Richmond Vanadium 0.066 -6% -3% -57% -79% $14,458,297 VUL Vulcan Energy 3.75 -6% 1% -2% -1% $872,076,553 M24 Mamba Exploration 0.015 -6% 7% 7% -6% $4,722,650 TKM Trek Metals Ltd 0.059 -6% -23% 146% 48% $33,091,297 TLG Talga Group Ltd 0.5 -7% 14% 9% 11% $227,658,648 SYR Syrah Resources 0.285 -7% 6% 30% 36% $373,788,541 SYR Syrah Resources 0.285 -7% 6% 30% 36% $373,788,541 RNU Renascor Res Ltd 0.067 -7% 6% 40% -33% $178,020,805 AXE Archer Materials 0.265 -7% -9% -16% 8% $70,082,929 EV1 Evolutionenergy 0.013 -7% 13% -33% -45% $4,714,456 ARR American Rare Earths 0.3425 -7% 9% 29% 29% $199,527,146 WR1 Winsome Resources 0.18 -8% 16% -41% -64% $43,914,321 LKE Lake Resources 0.0295 -8% -22% -16% -26% $64,749,745 CNB Carnaby Resource Ltd 0.295 -8% -17% -13% -34% $69,658,602 ATM Aneka Tambang 0.98 -8% -13% -2% -5% $1,277,576 WCN White Cliff Min Ltd 0.023 -8% -8% 35% 48% $58,521,268 PMT Patriotbatterymetals 0.39 -8% -9% 37% -10% $220,643,060 SBR Sabre Resources 0.011 -8% 0% 38% -27% $4,339,081 S32 South32 Limited 2.665 -8% -9% -27% -14% $11,844,560,368 IGO IGO Limited 4.875 -9% 6% 19% -6% $3,619,740,146 AVL Aust Vanadium Ltd 0.01 -9% 0% -17% -33% $77,711,923 VTM Victory Metals Ltd 1.335 -9% 9% 234% 251% $177,231,587 A4N Alpha Hpa Ltd 0.8775 -10% 3% -5% 4% $995,112,788 CHR Charger Metals 0.056 -10% 12% 10% -30% $4,335,534 NVX Novonix Limited 0.5 -10% 16% 18% -12% $342,765,275 WC1 Westcobarmetals 0.018 -10% -18% 6% -43% $4,588,636 ICL Iceni Gold 0.062 -10% 7% -23% 72% $21,284,686 GCM Green Critical Min 0.026 -10% -13% 100% 940% $67,581,966 CXO Core Lithium 0.1075 -10% 11% 25% 19% $235,731,710 AQD Ausquest Limited 0.034 -11% -17% 3% 219% $48,737,274 SYA Sayona Mining Ltd 0.025 -11% 14% 25% 0% $600,828,821 LCY Legacy Iron Ore 0.008 -11% -11% -20% -36% $78,096,341 ITM Itech Minerals Ltd 0.053 -12% 77% 13% -30% $9,225,111 LEG Legend Mining 0.007 -13% -13% -13% -42% $20,401,340 ETM Energy Transition 0.067 -13% 52% -1% 235% $134,638,640 ENT Enterprise Metals 0.006 -14% 100% 100% 50% $8,647,904 NH3 Nh3Cleanenergyltd 0.046 -15% -22% 109% 84% $29,718,317 VML Vital Metals Limited 0.175 -17% 86% 75% 75% $21,811,365 A8G Australasian Metals 0.072 -17% 0% -3% -47% $4,168,060 TMB Tambourahmetals 0.043 -17% 65% 54% 5% $7,503,913 SLM Solismineralsltd 0.081 -17% 8% -10% -12% $11,991,815 GRE Greentechmetals 0.059 -19% -5% -2% -34% $5,896,547 TKL Traka Resources 0.002 -20% 100% 100% 100% $6,055,348 BYH Bryah Resources Ltd 0.004 -20% -20% 33% 0% $4,628,396 ENV Enova Mining Limited 0.006 -20% -14% 0% -25% $9,474,172 AX8 Accelerate Resources 0.007 -22% -13% -22% -22% $5,720,321 GRL Godolphin Resources 0.012 -25% 0% -20% -14% $6,683,100 AYM Australia United Min 0.003 -25% 50% 0% 50% $5,527,732 LML Lincoln Minerals 0.0065 -28% -3% 36% 36% $14,567,621 BKT Black Rock Mining 0.02 -29% -35% -29% -64% $29,593,035 CNJ Conico Ltd 0.005 -29% -29% -17% -67% $1,905,020 BMM Bayanminingandmin 0.195 -29% 220% 268% 255% $24,995,635 QXR Qx Resources Limited 0.004 -31% -8% 3% -41% $6,551,644
Weekly Small Cap Standouts
Alchemy Resources (ASX:ALY)
The company has kicked off drilling at the Roe Hills lithium joint venture with JOGMEC in WA.
The program, comprising up to 200 aircore holes, has been designed to test three high-priority targets within the Roe Hills tenure.
“The commencement of drilling on these lithium-prospective targets represents the next step in what has already been a highly productive field season,” CEO James Wilson said.
“The multi-layered dataset generated earlier this year, has given us a far clearer understanding of the structural controls and timing of pegmatite emplacement.
“Importantly, it has highlighted three high-priority target areas which now form the immediate focus of our exploration strategy.
“We are excited to be commencing drilling on these targets, particularly given their scale and proximity to the Manna lithium deposit located next door.”
JOGMEC has the right to earn a 51% interest by expending $6,000,000 by March 31, 2029.
St George Mining (ASX:SGQ)
The company’s first batch of assays from RC drilling at the Araxá project in Brazil returned up to 13.98% total rare earth oxides and 7% niobium.
The project is already the largest and highest-grade carbonatite-hosted REE deposit in South America and second highest grade REE deposit in the Western world, with a current resource of 40.6Mt at 4.13% TREO.
The latest assays have returned thick intervals – up to 41m – of high-grade mineralisation from surface in the first seven reverse circulation (RC) drill holes, including:
- 41m at 4.52% TREO and 0.87% Nb2O5 from surface;
- 13m at 7.06% TREO and 1.45% Nb2O5 from 4m;
- 11m at 7.03% TREO and 0.91% Nb2O5 from 5m;
- 16m at 5.56% TREO and 0.81% Nb2O5 from surface; and
- 5m at 11.83% TREO and 3.12% Nb2O5 from 8m.
Along with these high-grade results, the assays also highlighted high NdPr ratios of up to 2.89% NdPr with a ratio of NdPr-to-TREO of up to 42%. These are the high value light rare earths used in magnets for battery applications.
Assays also showed an increased occurrence of heavy REEs – including terbium, lutetium, gadolinium and dysprosium.
Heavy rare earths are in extremely high demand in the West because they are critical in high temperature magnet applications like EVs and defence tech, and China controls nearly all of the world’s supply.
The company said the results confirmed the substantial scale and continuity of the rare earths and niobium mineralisation at the Araxá project.
Aldoro Resources (ASX:ARN)
Aldoro has released a maiden resource estimate for its 85%-owned Kameelburg rare earths-niobium project in Namibia of 279.9Mt at 2.45% TREO Eq (1.16% TREO, 0.18% Nb, 177ppm Mo) at a 0.5% TREO cut-off.
That includes a high-grade zone of 136.5Mt at 2.93% TREO Eq (1.58% TREO, 0.19% Nb, 295ppm Mo) at 1.0% TREO cut-off.
Plus, that estimate also incorporates about half of the phase 1 drilling program, with the company confident there’s potential material resource growth once additional phase 1 assays are received and deeper drilling commences in Q4 2025 as part of the phase 2 drilling program.
“We expect the Kamelburg deposit to be undeniably of Tier 1 scale,” chairperson Quinn Li said.
“The key attributes of the Kameelburg resource are considered to be world-class.
“It is rare to discover a deposit as large as Kameelburg that commences at surface with little overburden, is domiciled in the pre-eminent mining jurisdiction in Africa being Namibia and critically is supported by extensive commercialisation infrastructure already in place.
“Metallurgical and recovery studies are to be completed in early Septmber and maiden drilling at our adjacent tenement Omurango Carbonatite in the same month following completion of the Omurango magnetic survey which will commence in August.”
Critica (ASX:CRI)
The company has approved and appointed the Centre for Science and Technology of Mineral and Environment (GAVAQ) in Hanoi to design, construct and operate a closed-circuit pilot-scale beneficiation plant for its Jupiter rare earths project in WA.
The program will process a 3,000kg (~3t) run-of-mine (ROM) bulk sample through a flowsheet incorporating magnetic separation and flotation to produce high-grade rare earth intermediate concentrate for downstream testwork and scoping study inputs.
CRI said the scope would provide key data on tailings characteristics, process efficiency and flowsheet economics.
At Stockhead, we tell it like it is. While St George Mining is a Stockhead advertiser, it did not sponsor this article.
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