Here’s your top ASX small cap resources stocks in morning trade Friday, September 18.


Shares in Ironbark Zinc (ASX:IBG) are trading again after the aspiring miner released a “clarifying announcement” regarding a recent ore reserve and mine plan optimisation for the Citronen project in Greenland.

Which investors obviously liked a lot.

The stock, which wants to make a final investment decision on the project in 2021, is now up ~27 per cent over the past week.

Minnow Surefire Resources (ASX:SRN) has raised $1.28m at a 10 per cent premium to the 10-day volume weighted average price (VWAP).

The additional funds will allow Surefire to expand exploration and drilling activities on the recently acquired gold projects in WA.


Up on no news:

The ASX is handing out speeding tickets like Tic Tacs this morning.

Sleepy PNG nickel-cobalt stock Resource Mining Corporation (ASX:RMI) shot up 113 per cent before trading was paused “pending a further announcement”.

Brazilian gold play BBX Minerals (ASX:BBX) also went in a trading halt after an unexplained early spike, as well as shell company Riedel Resources (ASX:RIE) – which said it was reviewing “high potential prospective projects” way back in July.

Also up on no news was FYI Resources (ASX:FYI), one of just three ASX stocks ready to take advantage of an impending high purity alumina (HPA) boom.

There’s up to ~5kg of HPA in every electric vehicle, which means this niche market could get a rocket from the massive amounts of post-COVID-19 stimulus being poured into the nascent EV sector.