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Resources Top 5: These ASX explorers are back on the bourse with bang
Mining
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- Anax Metals relists as advanced gold-base metals explorer, up ~80 per cent in morning trade
- Pathfinder Resources continues strong first week back on the bourse
- Suvo, Admiralty Resources and Santa Fe Minerals up on no news
Here’s your top ASX small cap resources winners in morning trade Friday, November 6.
Anax Metals (ASX:ANX) – formerly Aurora Minerals – has relisted on the ASX and is already up +70 per cent in early trade.
Anax can earn up to 80 per cent of Venturex Resources’ (ASX:VXR) advanced Whim Creek copper-zinc project in the Pilbara region of WA.
It is also hunting for ‘Hemi-like’ gold discoveries: the project is right next door to De Grey’s (ASX:DEG) Mallina project.
Up on no news:
Pathfinder Resources (ASX:PF1) – a reskinned Winmar Resources — is also enjoying a strong first week on the bourse.
Pathfinder’s King Tut project in Argentina is in a region well known for its gold mining, and sits not far from Barrick Gold’s Veladero mine, which produced 550,000oz of gold in 2019.
The historic King Tut mine produced gold and cobalt at grades of up to 28 grams per tonne (g/t) gold and 2.85 per cent cobalt from both surface and underground workings.
~$10m market cap explorer Santa Fe Minerals (ASX:SFM) is currently searching for gold and vanadium at its Challa projects in the Youanmi region of WA.
The stock has about $4.2m cash in the bank and “continues to assess a number of opportunities in the resources sector”.
New(ish) WA strategic minerals explorer Suvo (ASX:SUV) is up +200 per cent since relisting back in August.
Suvo is on track to upgrade resources at its White Knight kaolin project by the end of the year.
Kaolin is a feedstock for high purity alumina (HPA), a component of lithium-ion batteries and LED lights.
It also has a wide range of other industrial uses, like paper and paperboard, fiberglass, ceramics and paint.
Also up on no news (again) was sleepy explorer Admiralty Resources (ASX:ADY), which has iron ore projects in Chile and a cobalt-nickel project in WA.
