• Julimar neighbour Anson spikes on no news
  • New copper explorer Duke Exploration now up 68pc since listing last month
  • Mid West explorers Fenix, GWR, and Fe Ltd ride booming iron ore price into early gains

Here’s your top ASX small cap resources winners in morning trade Friday, December 4.


Since Chalice Gold Mines (ASX:CHN) uncovered the company-making Julimar discovery in March this year, a tsunami of small caps have flooded the surrounding region near Perth.

Yesterday, Anson Resources (ASX:ASN) got no love from investors when it announced that early exploration was kicking off at the ‘Bull’ nickel-copper PGE project near Julimar.

This morning the stock spiked +35 per cent on no news. Go figure.


Copper-gold focused Duke Exploration (ASX:DEX) is up 68 per cent since listing on the ASX last month.

Earlier this week it told investors that all five holes in a first phase drilling program at the historic Mt Flora mine intersected copper “in stacked mineralised zones” from surface to at 230m.


Iron ore spot market prices hit $US137 per tonne Thursday – its highest since December 2013.

In Aussie dollar terms, prices for iron ore are at all-time highs, and local miners and small caps are charging.

Yesterday, Fenix Resources (ASX:FEX) pulled away from the ASX pack after it secured Geraldton port access for its small, high grade Iron Ridge project, which aims to start production this month.

Fellow Mid-West iron ore hopeful GWR Group (ASX:GWR) also recently secured port access at Geraldton.

First shipment from its Wiluna West iron ore project is due mid-January.

Fenix and GWR are up ~140 per cent and ~210 per cent respectively over the past six months.

Then there’s minnow Fe Limited (ASX:FEL) which recently acquired ~50 per cent of the advanced ‘JWD’ deposit from GWR Group.

The company – which is up ~15 per cent in morning trade — is also looking to eventually export from Geraldton port.