Resources Top 5: Rare earths, battery metals stocks are running hot

American Rare Earths gets boost from Trump’s domestic US production call, Piedmont Lithium continues to fly on Tesla deal
Anson pegs more ground next to Julimar, Troy hit “spectacular” gold grades in Guyana
Tombador’s Brazilian iron ore project could be in production within 12 months

Here’s your top ASX small cap resources winners in morning trade Tuesday, October 6.

American Rare Earths (ASX:ARR) – formerly cobalt play Broken Hill Prospecting – has been flying since it acquired the La Paz rare earths project in August from Zenith Minerals (ASX:ZNC).

An announcement reiterating that rare-earths friendly US Presidential order from last Wednesday was enough to send the stock on another run in early trade.

ARR is now up ~430 per cent in the past month.

US-based project developer Piedmont Lithium (ASX:PLL) has outperformed its peers since inking that offtake deal with Tesla.

The stock is now up 455 per cent over the past month.

Anson Resources (ASX:ASN) also has a flagship lithium project in the US, but jumped higher today after picking up ground next to Chalice Gold Mines’ (ASX:CHN) Julimar discovery near Perth.

The ‘Bull’ nickel-copper-platinum group elements (PGE) project is now 46 per cent bigger after Anson pegged an additional tenement.

The area surrounding the Bull has already been completely pegged to the north, east and west; mainly by Chalice, the explorer says.

American Rare Earths (ASX:ARR), Piedmont Lithium (ASX:PLL), Anson Resources (ASX:ASN) share price charts

Tombador Iron (ASX:TI1) is reskinned property stock RESA Group (formerly iBuyNew Group).

It’s main game now is an advanced high-grade hematite iron ore project in Brazil, which it reckons could be in production within 12 months.

And Troy Resources (ASX:TRY) has returned three separate high-grade gold results in its first drill hole at the Smarts Underground prospect, part of the Karouoni project in Guyana.

They include 1m at 57.60 grams per tonne (g/t) from 221m; 3m at 10.30g/t from 261m; and 13m at 13.74g/t from 273m.

This drilling will allow the company to calculate a higher confidence ore reserve for Smarts, due for release in Q4 this year.