Resources Top 5: Rare earths, battery metals stocks are running hot
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Here’s your top ASX small cap resources winners in morning trade Tuesday, October 6.
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.
The stock is now up 455 per cent over the past month.
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.
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.