• Slovakian mine developer MetalsTech increases resources by 44% to 1.54Moz gold
  • $34m market cap fertiliser stock Fertoz now up 153% over the past five days
  • Lake (lithium), Citigold (gold), and Mindax (iron ore) up on no news

Here are the biggest small cap resources winners in early trade, Monday June 21.



The hard-drilling Slovakian mine developer has increased resources at its flagship ‘Sturec’ project by 44% to 1.54 million ounces (Moz) of gold and 10.93Moz silver.

This resource includes a higher grade portion of 6.25mt grading 3.27g/t gold and 19.4g/t silver for 658,000oz gold and 3.89Moz silver.

MetalsTech is considering a low impact bulk underground mining operation focussing on these higher grades tonnes.

It intends to kick off a scoping study – the first proper look at the economics of a project — later this year.

The deposit remains open in multiple directions “indicating there is significant exploration upside” with drilling to kick off again in July.

“Sturec is proving to be a very generous ore body with tremendous growth potential,” MetalsTech chairman Russell Moran says.

“At over 1.5million ounces of gold we are well on our way to proving up a world class gold deposit.”

The stock is up 75% over the past month, and 24% year-to-date.



(Up on no news)

The Argentina-based lithium project developer is at the pointy end of funding discussions with “preliminary interest indicated by over half a dozen major international banks”.

Lake uses an innovative direct-extraction technique at its flagship ‘Kachi’ project – amongst the top 10 global lithium brine resources worldwide — to produce cheap, high quality, environmentally friendly lithium.

With $24 million in bank at the end of March, Lake is well-funded through to final investment decision (FID), anticipated mid-2022.

The stock is up 330% in 2021 so far.



(Up on no news)

This small cap fertiliser farmer is running hot.

Fertoz followed up Thursday’s 42.86% gain with a +40% surge Friday, and another +15% bump in early trade Monday.

The $34m market cap stock is now up 153% over the past five days.

The catalyst appears to be positive results of a two-year field study around quality and yield from the phosphate fertiliser product, which has resulted in a steady stream of orders from new and existing clients.

FTZ books more than half its revenue from North America, which has a more advanced economy around carbon taxes and carbon credits.



(Up on no news)

Former micro-cap struggler Mindax languished for two years in suspension but made up for lost time after getting reinstated to the ASX in May.

The share price of this ‘flavour of the month’ iron ore junior spiked as much as 7,500%, before settling at a slightly less mental ~2,430% for its first week back.

The company has partnered with a Chinese company happy to front capital for a magnetite iron ore project in the Yilgarn province of WA.



(Up on no news)

Citigold has been trying to get the Charter Towers gold project in Queensland up and running for decades to no avail.

In December 2011, the minnow had 330,000oz of gold in reserve (high confidence) and 10 million ounces in resource (lower confidence).

By January 2020 not much has changed: it has 620,000oz in reserve (at a lower ore grade) and 14 million ounces in resource.

The project is still no closer to being built.

A low cost, early stage rock sampling program kicked off in April designed to eventually (hopefully) add to project resources.