• Aston pulls up visible gold at Edleston project
  • Gold explorer Metalicity continues share price rebound
  • Centrex (phosphate), Alchemy (gold, base metals) and Crater (gold, indium) up on no news

Here are the biggest resources winners in morning trade, Wednesday March 10.



Aston – formerly European Cobalt – changed name and ticker after purchasing the Edleston project in Canada, where +$10.8m had already been spent on drilling and geophysics by previous owners.

Old drilling hit grades like 5.3m at 81.39g/t gold, 110m from surface, but these previous explorers could never put it all together.

Aston is hoping to find what they missed.

Maiden drilling – located around some historic drillholes — just hit visible gold at 362m depth, sending the stock up in morning trade:

Aston visible gold
Pic: Aston Minerals.

Assay results are due in the coming weeks.



(Up on no news)

This humble fertiliser farmer has started mining its low cost Ardmore phosphate project in Queensland, amidst one of the worst fertiliser shortages one retired farmer/fertiliser trader has seen in his lifetime.

Initial work will produce 25,000 to 30,000 tonnes of ore from the Ardmore South Deposit “at a reasonable cost”, the company said in late February.

“Interest has already been shown in purchasing some of this Ardmore production and it is anticipated that demand will increase as the product becomes available.”

The stock is up 100 per cent over the past month.



(Up on no news)

Gold play Metalicity – one of three explorers due a re-rate, according to stock picker Simon Popple – has rebounded from recent lows over the past few days.

On 4 February, Metalicity announced drilling had restarted at the flagship Kookynie project.

Visible gold was intersected in the first hole at the high priority Cosmopolitan prospect, ~100m from the historic high-grade Cosmopolitan mine workings.

This hit indicates possible extensions to the historic high-grade gold.

“Back in the day, the Cosmopolitan mine produced 360,000oz at a very high average head grade of 15 grams per tonne (g/t),” Popple said on March 3.

“I must stress, this could be a complete fluke – probably one reason why the shares did not move when it was announced – but if a lot more gold can be found (which will require more drilling), the shares should start to pick up,” he said.

Investors should know more about Cosmopolitan very soon.




(Up on no news)

Sub $10m market cap Alchemy is hunting gold and base metals in WA and NSW.

It has teamed up with big joint venture partners on projects in the Bryah Basin of WA – Sandfire Resources (ASX:SFR) and TSX listed Superior Gold – which gives Alchemy exposure to any discovery and production with none of the risk.

Alchemy is free carried to production on both projects, with costs to be repaid from their share of any profits made.

Sandfire is currently drilling the ‘Bryah’ JV while mining of the 114,000oz Hermes South deposit by Superior Gold will kick off in Q3 this year.



(Up on no news)

Crater was forced to suspend gold exploration in PNG due to COVID but – silver linings — hit very high indium grades in re-assaying of old drill core at the Polymetallic Project in North Queensland.

Indium is a rare metal (only 1000 tonnes is produced per year) used in semiconductor industry applications such as LCD displays, solar panels, microchips and emerging green energy photovoltaic cell tech.

The price of indium is currently quoted at between US$100 to US$200 per kilogram, Crater says.

It is predicted that the price by 2031 will increase up to around US$650 per kilogram.

Crater says there are early similarities between ‘Anomaly A2’ at Polymetallic and the Mount Pleasant mine in Canada, which hosts one of the world’s largest indium resources.