In Case You Missed It: Lithium, Rare earths, and nickel news to feast your eyes on
Stockhead’s In-Case-You-Missed-It highlights some strongest performing ASX stocks that might have slipped your notice today.
It’s a short, sharp update to help frame the trading day by showing some of the biggest movers in percentage terms.
Stocks highlighted in green have made market-moving announcements (click headings to sort).
Coolabah Metals (ASX:CBH) is the latest ASX play chasing lithium riches in Canada’s renowned James Bay region where ASX 200 giant Allkem (ASX:AKE) is planning to build a major new hard rock lithium mine in the coming years.
The $4.94m market cap stock has acquired 113km2 of lithium exploration claims within 20kms of Patriot Battery Metals’ (ASX:PMT) Corvette property.
CBH says publicly available satellite images show structures that appear to be intrusive dykes about 10km along strike from Corvette and early exploration work will home in on determining if these dykes contain lithium.
Latin Resources (ASX:LRS) has more reason to believe a significant upgrade to resources is on the cards at its Colina lithium deposit with latest assays hitting 18.21m grading 1.9% Li2O from 212.72m and 16.12m at 1.55% Li2O from 302.69m in hole SADD089.
These results continue to show that continuous high-grade pegmatites persist to the southwest of the extensive pegmatite system at Colina, which remains open in all directions.
A fleet of eight diamond drill rigs is on site to complete the planned in-fill and extension drilling on time for the cut-off date for the data needed ahead of the upcoming resource estimate update.
In the land of rare earths, drilling has kicked off at Riversgold’s (ASX:RGL) Mt Weld project with a seven hole, 2,000m drilling program testing three, clear magnetic features that may represent extensions of the Mt Weld carbonatite intrusive complex.
The program at Mt Weld, which is roughly 1.4km west north west of Lynas Rare Earth’s (ASX:LYC) Mt Weld rare earth oxide (REO) mine near Laverton in Western Australia, is scheduled to take about two weeks.
On the nickel front, Dynamic Metals (ASX:DYM) is steadily proving the prospectivity of its flagship Widgiemooltha nickel project, with new samples from its Dordie Far West project confirming its status as a potential new Kambalda style deposit.
1m samples from a five-hole RC drilling campaign have come back with similar widths but stronger nickel values at shallow depths to previous samples, with strong anomalous cobalt grades of up to 0.5%.
Moving across to consumer research and data analytics, Pureprofile (ASX:PPL) has delivered $10.3m in quarterly revenue for the core Data & Insights and SaaS platform businesses, representing 22% growth on personal contract purchase (pcp).
PPL also saw continuing business revenue growth in regions outside Australia, which gained 32% pcp.
At Stockhead we tell it like it is. While Riversgold, Latin Resources, and Dynamic Metals are Stockhead advertisers, they did not sponsor this article.