Here’s your top ASX small cap resources winners in morning trade Tuesday, December 8.

 

Gold-copper explorer Native Minerals Resources (ASX:NMR) listed on the ASX last month at 20c per share. It now sits at 60c – a very solid 200 per cent gain.

In late November the company hit copper porphyry veins in early stage drilling at the Leane’s prospect in Queensland.

Porphyry mines are huge, multigenerational monsters responsible for ~60 per cent of the world’s copper, most of its molybdenum, and significant amounts of gold and silver.

 

Greenvale Mining (ASX:GRV) is also chasing giants.

Formerly Greenvale Energy, GRV has done a ‘reset’ in 2020, selling a problematic gold project in the US and buying the Georgina iron oxide-copper-gold (IOCG) project in the Northern Territory.

Iron oxide copper gold ore deposits (IOCG), like BHP’s Olympic Dam, can be tremendously large, simple-to-process concentrations of copper, gold and uranium.

Olympic Dam is the third largest copper equivalent deposit, the largest uranium deposit, and third largest gold deposit in the world.

 

Germany based fertiliser explorer Davenport Resources (ASX:DAV) has the biggest potash resource in Western Europe.

The company – which recently raised $10m for drilling — hopes to get cracking on project development studies next year.

 

Carpentaria Resources (ASX:CAP) says super high grade iron ore from its Hawson project in NSW will translate to more efficient steel making, which lowers environmental and energy costs.

The downside? 2017 project studies estimate a build cost of $US1.4bn.

That’s a huge amount of money for a ~$14m market cap minnow to find.

 

And  Aussie uranium explorer Alligator Energy (ASX:AGE) is riding a strong uranium tailwind to be up 100 per cent over the past two days.

The company has high grade resources in the Northern Territory and South Australia. It acquired the latter in October.

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