• Larvotto’s antimony resource rings the bell for biggest gains made in August, up 233%
  • Felix, Nagambie, Lodestar and Killi all jump high on the critical mineral, too 
  • While MTM shines on back of lithium extraction tech breakthrough

 

Antimony celebrates as the most pro-money ressie stock on the ASX during August after a somewhat out-of-the-blue announcement that China would restrict exports of the commodity, of which it has an upstream monopoly – controlling about 50% of global production and about 80% of global processing.

Commonly found within certain types of gold deposits, antimony (Sb) is increasingly used in high-tech applications such as lithium-ion batteries, solar panels and wind turbines.

It’s Larvotto Resources’ (ASX:LRV) Hillgrove deposit in NSW that has Australia’s largest known deposit of the material. Carrying ~90,000t-worth of Sb on top of its gold endowment, Larvotto reckons that even at a very conservative US$15,000t/sb mark, the project would have a capex of $72m and an NPV8 of $157m.

With prices around the $US24,500/t mark, that shoots Hillgrove well up over the 100% IRR mark, so it’s no wonder it made a 233% gain in August.

Felix Gold (ASX:FXG) meanwhile made a 132% gain, due to its Treasure Creek gold venture in Alaska containing the historical Scrafford antimony mine where production grades of Sb were reported at up to an eye-whopping 58%.

Nagambie Resources’ (ASX:NAG) share price rode the wave, too, with its namesake 17,800t Sb resource and was up 100% over August; as did Marquee Resources (ASX:MQR) with a 58% gain on the back of its Mt Clement antimony prospectivity that runs along Black Cat Syndicate’s (ASX:BC8) own 13,200t Mt Clement deposit.

And Sun Silver (ASX:SS1) shares rose 39% during the period as it progresses its world-class 423Moz Maverick Springs silver project.

 

Here are the top 50 ASX resources stocks for August

Scroll or swipe to reveal table. Click headings to sort.

 

Wordpress Table Plugin

 

Other small sap standouts

Apart from the antimony hype, MTM Critical Metals (ASX:MTM) gained a large amount of investor interest after showing off its flash joule heating (FJH) tech breakthrough that converted 6% spodumene concentrate directly into lithium chloride in a single, acid-free unit operation.

The tech has the potential to revolutionise lithium refining by radically simplifying the processing of spodumene – the primary source of lithium batteries.

Substantial reductions in opex, capex and emissions would be realised, MTM says, through the elimination of many stages of conventional processing.

Kalina Power (ASX:KPO) flew up the August chart to 2nd place with a 200% rise on the back of inking an MoU with a major US data centre developer to build AI-focused data centres in Alberta, Canada, using natural gas with carbon capture.

The company says its low-CO2 power projects are well-suited to meet this demand.

Meanwhile Nimy Resources’ (ASX:NIM) massive sulphides at Mons in the Forrestania nickel belt gave heat to its stock price that rose 106% and Nex Metals Exploration (ASX:NME) jumped as it kicked off drilling for gold at Yundamindra.

 

 

At Stockhead, we tell it like it is. While Felix Gold And Sun Silver are Stockhead clients at the time of writing, they did not sponsor this article. 

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