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In Case You Missed It: Rare earth discoveries sends one small cap spinning and a $3m engine contract deal
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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.
ICYMI Leader Board
Stocks highlighted in green have made market-moving announcements (click headings to sort).
| CODE | COMPANY | PRICE | % TODAY | MARKET CAP |
|---|---|---|---|---|
| ADD | Adavale Resource Ltd | 0.021 | 11% | $9,870,996 |
| ADX | ADX Energy Ltd | 0.006 | -8% | $22,975,060 |
| AQI | Alicanto Min Ltd | 0.04 | 5% | $20,532,799 |
| ALM | Alma Metals Ltd | 0.011 | 0% | $10,054,009 |
| ATC | Altech Batt Ltd | 0.1025 | -5% | $153,377,331 |
| AW1 | Americanwestmetals | 0.053 | -4% | $12,091,770 |
| ANX | Anax Metals Ltd | 0.074 | 4% | $29,067,033 |
| ASN | Anson Resources Ltd | 0.1775 | 1% | $213,741,098 |
| ARU | Arafura Rare Earths | 0.4025 | -3% | $877,046,347 |
| AZL | Arizona Lithium Ltd | 0.044 | 2% | $115,711,526 |
| AEE | Aura Energy | 0.19 | 0% | $98,191,531 |
| AYT | Austin Metals Ltd | 0.005 | 0% | $5,079,373 |
| AZS | Azure Minerals | 0.38 | 1% | $146,338,527 |
| BSN | Basinenergylimited | 0.1 | -5% | $5,926,200 |
| BEZ | Besragoldinc | 0.225 | 2% | $77,849,615 |
| BKT | Black Rock Mining | 0.1225 | -2% | $123,249,565 |
| BC8 | Black Cat Syndicate | 0.485 | 3% | $125,285,293 |
| BNL | Blue Star Helium Ltd | 0.0295 | -3% | $48,378,187 |
| BPM | BPM Minerals | 0.08 | 0% | $5,277,777 |
| BPH | BPH Energy Ltd | 0.021 | -22% | $23,695,238 |
| BTR | Brightstar Resources | 0.015 | 0% | $12,489,432 |
| BUR | Burleyminerals | 0.3 | 3% | $17,810,163 |
| CSF | Catalanoseafoodltd | 0.077 | 0% | $2,595,208 |
| CVV | Caravel Minerals Ltd | 0.23 | 0% | $110,212,406 |
| CWX | Carawine Resources | 0.095 | 0% | $18,697,659 |
| CLZ | Classic Min Ltd | 0.001 | 0% | $5,546,744 |
| CHR | Charger Metals | 0.48 | -4% | $21,857,184 |
| CNJ | Conico Ltd | 0.0085 | -11% | $14,915,902 |
| CZN | Corazon Ltd | 0.015 | 7% | $8,544,628 |
| CUF | Cufe Ltd | 0.014 | 0% | $13,525,573 |
| CRD | Conradasiaenergyltd | 1.595 | 0% | $154,928,182 |
| CLE | Cyclone Metals | 0.0015 | 0% | $13,633,872 |
| DNK | Danakali Limited | 0.41 | 0% | $151,017,082 |
| DTR | Dateline Resources | 0.016 | 0% | $10,301,113 |
| DEG | De Grey Mining | 1.59 | 0% | $2,490,061,229 |
| DM1 | Desert Metals | 0.105 | 5% | $7,254,108 |
| DMM | Dmcmininglimited | 0.066 | -1% | $2,006,650 |
| DYM | Dynamicmetalslimited | 0.165 | -1% | $5,862,500 |
| EMT | Emetals Limited | 0.008 | -11% | $7,650,000 |
| EM2 | Eagle Mountain | 0.115 | 10% | $32,021,521 |
| ENR | Encounter Resources | 0.185 | 0% | $65,772,269 |
| EUR | European Lithium Ltd | 0.098 | 2% | $142,966,961 |
| EVG | Evion Group NL | 0.046 | 0% | $15,705,930 |
| FXG | Felix Gold Limited | 0.095 | 0% | $10,431,608 |
| FHE | Frontier Energy Ltd | 0.435 | 2% | $108,353,744 |
| FBM | Future Battery | 0.115 | 0% | $49,202,190 |
| GLN | Galan Lithium Ltd | 0.99 | 0% | $303,846,251 |
| GMN | Gold Mountain Ltd | 0.003 | 0% | $5,909,798 |
| G88 | Golden Mile Res Ltd | 0.02 | 0% | $5,268,645 |
| GSM | Golden State Mining | 0.031 | 3% | $3,510,426 |
| GNM | Great Northern | 0.0025 | 0% | $4,272,627 |
| GSR | Greenstone Resources | 0.0195 | 3% | $23,052,100 |
| GRE | Greentechmetals | 0.205 | 11% | $5,973,650 |
| GT1 | Greentechnology | 0.585 | -2% | $113,489,344 |
| GTR | Gti Energy Ltd | 0.008 | -11% | $16,692,563 |
| HHR | Hartshead Resources | 0.0325 | -2% | $92,686,510 |
| HRE | Heavy Rare Earths | 0.14 | 4% | $8,030,871 |
| HOR | Horseshoe Metals Ltd | 0.022 | 0% | $14,056,981 |
| HCH | Hot Chili Ltd | 1.02 | 2% | $119,445,206 |
| HAL | Halo Technologies | 0.15 | -6% | $20,719,234 |
| IPT | Impact Minerals | 0.013 | 0% | $32,257,817 |
| INF | Infinity Lithium | 0.12 | -4% | $57,824,012 |
| IG6 | Internationalgraphit | 0.22 | -2% | $19,797,325 |
| IXR | Ionic Rare Earths | 0.027 | -4% | $110,490,938 |
| INR | Ioneer Ltd | 0.325 | 3% | $660,976,554 |
| IPX | Iperionx Limited | 0.99 | 1% | $170,073,168 |
| KLI | Killiresources | 0.061 | -7% | $2,204,800 |
| KNG | Kingsland Minerals | 0.17 | -11% | $5,973,570 |
| LKE | Lake Resources | 0.4825 | 3% | $668,549,012 |
| LRS | Latin Resources Ltd | 0.145 | 7% | $341,323,414 |
| LEX | Lefroy Exploration | 0.245 | -9% | $43,323,661 |
| LEL | Lithenergy | 0.74 | 6% | $41,804,250 |
| LNR | Lanthanein Resources | 0.018 | 0% | $20,188,360 |
| MAU | Magnetic Resources | 0.5 | -4% | $119,346,438 |
| MKG | Mako Gold | 0.034 | 3% | $15,564,495 |
| MZZ | Matador Mining Ltd | 0.079 | 5% | $23,641,413 |
| MAT | Matsa Resources | 0.04 | 11% | $14,832,265 |
| MEK | Meeka Metals Limited | 0.035 | -5% | $39,501,530 |
| MCT | Metalicity Limited | 0.002 | 0% | $7,009,079 |
| MRR | Minrex Resources Ltd | 0.017 | 6% | $17,357,880 |
| M2R | Miramar | 0.045 | 2% | $3,437,357 |
| MOM | Moab Minerals Ltd | 0.01 | 11% | $6,137,671 |
| MOH | Moho Resources | 0.017 | 0% | $3,530,257 |
| MRD | Mount Ridley Mines | 0.0035 | 0% | $27,247,090 |
| M2M | Mtmalcolmminesnl | 0.032 | 0% | $1,992,832 |
| NWC | New World Resources | 0.035 | -8% | $80,008,698 |
| NIS | Nickelsearch | 0.075 | -5% | $4,779,928 |
| NKL | Nickelxltd | 0.06 | -3% | $4,945,533 |
| NFL | Norfolkmetalslimited | 0.145 | -3% | $4,548,749 |
| NWM | Norwest Minerals | 0.03 | -12% | $8,410,621 |
| OCN | Oceanalithiumlimited | 0.32 | -4% | $12,588,128 |
| OEC | Orbital Corp Limited | 0.1625 | 5% | $18,135,517 |
| OSX | Osteopore Limited | 0.078 | -1% | $11,394,052 |
| OBM | Ora Banda Mining Ltd | 0.1475 | -2% | $241,671,034 |
| PAT | Patriot Lithium | 0.235 | -2% | $14,613,000 |
| PFE | Panteraminerals | 0.08 | 0% | $4,120,090 |
| PEX | Peel Mining Limited | 0.115 | -4% | $69,692,144 |
| PIL | Peppermint Inv Ltd | 0.009 | 13% | $16,302,855 |
| PGD | Peregrine Gold | 0.35 | -1% | $19,916,427 |
| PIM | Pinnacleminerals | 0.12 | -4% | $3,196,875 |
| POD | Podium Minerals | 0.077 | 0% | $25,915,037 |
| PAA | Pharmaust Limited | 0.09 | 2% | $27,888,290 |
| PHO | Phosco Ltd | 0.077 | 0% | $21,129,828 |
| PSC | Prospect Res Ltd | 0.14 | 0% | $64,716,325 |
| REE | Rarex Limited | 0.06 | 0% | $34,763,195 |
| RFX | Redflow Limited | 0.185 | 3% | $32,349,485 |
| RMX | Red Mount Min Ltd | 0.004 | 0% | $9,087,404 |
| RNU | Renascor Res Ltd | 0.205 | -2% | $533,275,575 |
| RGL | Riversgold | 0.025 | 9% | $21,745,757 |
| RLF | Rlfagtechltd | 0.19 | 0% | $17,267,810 |
| SIX | Sprintex Ltd | 0.037 | 0% | $9,411,110 |
| SVM | Sovereign Metals | 0.435 | -1% | $207,185,010 |
| SPN | Sparc Tech Ltd | 0.3 | 2% | $25,265,474 |
| STK | Strickland Metals | 0.039 | 3% | $60,410,543 |
| STM | Sunstone Metals Ltd | 0.03 | -3% | $81,233,839 |
| SUM | Summitminerals | 0.11 | -4% | $2,843,668 |
| SOR | Strategic Elements | 0.125 | 0% | $55,866,680 |
| SKN | Skin Elements Ltd | 0.013 | 0% | $6,059,754 |
| SLZ | Sultan Resources Ltd | 0.039 | 0% | $4,028,091 |
| SGQ | St George Min Ltd | 0.039 | 0% | $32,779,911 |
| T88 | Taitonresources | 0.21 | 0% | $10,820,154 |
| TGM | Theta Gold Mines Ltd | 0.081 | 16% | $43,620,635 |
| TTM | Titan Minerals | 0.06 | 0% | $84,676,391 |
| TMK | TMK Energy Limited | 0.014 | 8% | $65,326,031 |
| TBA | Tombola Gold Ltd | 0.026 | 0% | $33,129,243 |
| UVA | Uvrelimited | 0.12 | 0% | $3,923,787 |
| VAL | Valor Resources Ltd | 0.004 | -20% | $19,015,174 |
| VAR | Variscan Mines Ltd | 0.017 | -15% | $6,362,418 |
| VMS | Venture Minerals | 0.017 | 0% | $30,080,779 |
| VTM | Victory Metals Ltd | 0.3 | 0% | $16,217,009 |
| VSR | Voltaic Strategic | 0.025 | 4% | $7,375,205 |
| WWI | West Wits Mining Ltd | 0.015 | -6% | $35,888,276 |
| WA8 | Warriedarresourltd | 0.13 | -4% | $58,192,940 |
| CPH | Creso Pharma Ltd | 0.011 | 10% | $21,370,407 |
| DXB | Dimerix Ltd | 0.09 | -7% | $31,124,746 |
| GRL | Godolphin Resources | 0.066 | -3% | $8,049,122 |
| EVS | Envirosuite Ltd | 0.087 | -2% | $112,282,403 |
| ELS | Elsight Ltd | 0.295 | -5% | $46,599,070 |
| EZZ | EZZ Life Science | 0.52 | -2% | $22,633,650 |
| FFG | Fatfish Group | 0.016 | 0% | $17,411,182 |
| RML | Resolution Minerals | 0.0055 | 10% | $5,436,319 |
| CUS | Coppersearchlimited | 0.295 | 5% | $14,782,571 |
| ITM | Itech Minerals Ltd | 0.245 | 2% | $28,064,055 |
| GBZ | GBM Rsources Ltd | 0.028 | -15% | $18,584,299 |
| HGO | Hillgrove Res Ltd | 0.055 | 0% | $83,712,895 |
| ICI | Icandy Interactive | 0.043 | 0% | $57,714,844 |
| IHL | Incannex Healthcare | 0.105 | 0% | $166,636,087 |
| IOU | Ioupay Limited | 0.041 | 0% | $23,463,295 |
| MME | Moneyme Limited | 0.135 | -10% | $42,487,084 |
| NET | Netlinkz Limited | 0.009 | 0% | $31,439,255 |
| NC6 | Nanollose Limited | 0.047 | 0% | $6,997,659 |
| EYE | Nova EYE Medical Ltd | 0.28 | 6% | $44,225,318 |
| OMA | Omegaoilgaslimited | 0.22 | -2% | $34,407,932 |
| QEM | QEM Limited | 0.19 | 0% | $25,724,425 |
| PTX | Prescient Ltd | 0.099 | 1% | $78,891,940 |
| WNX | Wellnex Life Ltd | 0.063 | 0% | $26,064,309 |
| SP3 | Specturltd | 0.023 | 15% | $4,015,698 |
| RLG | Roolife Group Ltd | 0.008 | -11% | $6,444,523 |
| SIS | Simble Solutions | 0.008 | 0% | $4,823,606 |
| XF1 | Xref Limited | 0.16 | 0% | $29,788,206 |
Caspin Resources (ASX:CPN) is the talk of the town today after making a “ground breaking” rare earths discovery at the Mount Squires project in WA.
The Cassini Resources spin-off says this is the first discovery of significant REE mineralisation in the West Musgrave province and one of relatively unique style in Australia.
Given the more obvious prospectivity for nickel, copper, and gold, rare earth potential at the project had not been investigated until now.
Stand out REE intersections include 46m at 7,102ppm TREO with a higher-grade zone of 22m at 12,545ppm TREO.
Gold explorer Matsa Resources (ASX:MAT) is higher after receiving first assays from its April drill program at the Fortitute North prospect within the wider Lake Carey project.
This has added significant size and scale to the mineralised system, which independent economic geologist Nigel Mound says compares favourably to the 12Moz Sunrise Dam gold mine just 23km to the north in the same regional geological structure.
Pivoting over to lithium land now, Anson Resources (ASX:ASN) has hit the ‘go’ button on drilling preparations at the Paradox project in Utah.
The company is looking to extract lithium from brines contained in a historic oil well field in the Paradox Basin, placing it as one of the best positioned companies to benefit from the Inflation Reduction Act and push to grow America’s nascent lithium extraction industry.
At this stage, the plan is to re-enter two wells known as Mineral Canyon Fed 1-3 and Sunburst 1 to sample brines in the thick Mississippian units and Pennsylvania clastic horizons.
And fellow lithium explorer Askari Metals (ASX:AS2) has inked a $2.5m investment from $18bn global battery and cobalt stock, Zhejiang Huayou Cobalt Co.
Huayou intends to grow its equity position in the company to 9.9% and will have the option to appoint a nominee to the board of Askari.
Meanwhile, Orbital Corporation (ASX:OEC) – a Perth-based manufacturer of engine systems for military drones – has signed a $3m engine development contract with Anduril Industries.
The contract revolves around the development of a larger engine configuration for Anduril’s future propulsion requirements, which will be supplied to the company for ground testing by January 2024.
At Stockhead we tell it like it is. While Matsa Resources, Anson Resources, and Orbital Corporation are Stockhead advertisers, they did not sponsor this article.
