Who Made The Gains? Here are May’s top 50 miners and explorers
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Investors – where to put your money when everything looks so bloody good?
Iron ore touched $200/t once again to close out a volatile month in positive territory.
Gold bounced back to record its biggest month-on-month gain since July last year.
Poor cousin silver and the platinum group elements – platinum, palladium, rhodium – weren’t far behind.
Red hot base metals nickel (+1.6%), copper (+2.5%), lead (+0.65%), zinc (+2.83%) and tin (+3%) got hotter.
Meanwhile, battery metals like lithium, cobalt and graphite continued their resurgence.
It’s hard to argue against experts who say we are in the midst of a ‘commodities super cycle’. So, what were the top 50 resources winners for May searching for?
Mostly gold and copper, but with a healthy amount of everything else, sans battery metals (don’t worry, there’s always next month).
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop
|CODE||COMPANY||PRICE||MONTHLY RETURN %||MARKET CAP|
|CPN||Caspin Resources||2.72||306||$ 148,978,366.56|
|CAP||Carpentaria Resources||0.14||186||$ 73,739,799.98|
|BPM||BPM Minerals||0.515||134||$ 14,321,250.00|
|4CE||Force Commodities||0.035||133||$ 37,699,331.75|
|GBR||Great Boulder Resources||0.12||131||$ 45,807,831.03|
|HLX||Helix Resources||0.036||125||$ 51,435,357.60|
|CLZ||Classic Minerals||0.002||100||$ 40,221,264.37|
|ASQ||Australian Silica||0.18||98||$ 38,859,088.24|
|VAR||Variscan Mines||0.061||91||$ 13,204,885.49|
|ODY||Odyssey Gold||0.14||84||$ 61,091,611.43|
|TKL||Traka Resources||0.031||82||$ 15,700,417.11|
|TAR||Taruga Minerals||0.1||82||$ 53,075,033.13|
|RDS||Redstone Resources||0.02||82||$ 12,222,984.07|
|BUX||Buxton Resources||0.125||76||$ 15,646,374.68|
|CVV||Caravel Minerals||0.515||69||$ 194,679,471.28|
|LOT||Lotus Resources||0.2||67||$ 195,291,549.32|
|ATR||Astron Corp||0.57||61||$ 70,424,319.85|
|LCD||Latitude Consolidated||0.073||59||$ 62,172,278.57|
|TLM||Talisman Mining||0.22||57||$ 41,058,244.70|
|SLZ||Sultan Resources||0.28||56||$ 18,426,613.09|
|MSR||Manas Resources||0.01||54||$ 24,842,462.38|
|POD||Podium Minerals||0.545||54||$ 180,834,574.89|
|CR1||Constellation Resources||0.47||52||$ 13,613,173.58|
|PBX||Pacific Bauxite||0.003||50||$ 1,189,842.10|
|SVL||Silver Mines||0.33||47||$ 351,308,176.33|
|VRC||Volt Resources||0.033||43||$ 80,931,155.43|
|ACS||Accent Resources||0.05||43||$ 23,301,364.15|
|IVR||Investigator Resources||0.12||43||$ 139,014,393.74|
|LTR||Liontown Resources||0.555||42||$ 909,554,990.50|
|HGO||Hillgrove Resources||0.069||41||$ 62,776,948.53|
|PF1||Pathfinder Resources||0.335||40||$ 16,160,361.75|
|AIS||Aeris Resources||0.16||39||$ 326,304,320.94|
|PEX||Peel Mining||0.33||38||$ 135,881,771.03|
|VXR||Venturex Resources||0.785||37||$ 357,095,628.96|
|STM||Sunstone Metals||0.019||36||$ 41,989,765.27|
|CAZ||Cazaly Resources||0.062||35||$ 22,912,922.55|
|MZZ||Matador Mining||0.49||34||$ 84,229,588.32|
|DM1||Desert Metals||0.715||34||$ 24,500,000.00|
|ALY||Alchemy Resources||0.02||33||$ 12,772,625.61|
|ERW||Errawarra Resources||0.25||32||$ 7,641,135.90|
|RSG||Resolute Mining||0.61||31||$ 645,777,233.01|
|BKT||Black Rock Mining||0.19||31||$ 125,348,075.65|
|ALK||Alkane Resources||0.93||30||$ 523,942,144.00|
|E25||Element 25||2.48||30||$ 358,584,789.29|
|TIE||Tietto Minerals||0.37||30||$ 164,226,764.16|
|ACP||Audalia Resources||0.035||30||$ 34,606,809.55|
|VMS||Venture Minerals||0.11||29||$ 145,659,721.13|
|PEK||Peak Resources||0.115||29||$ 169,186,300.29|
It didn’t take long for the ‘nearologists’ – stocks that pick up ground near a major discovery – to benefit.
The projects – Hawkins, Ivan Well and Rhodes – cover the same rock layer ‘target zone’ as Chinook, BPM says.
Importantly, the ground was pegged prior to the recent Rumble discovery, “delivering a first mover advantage with all surrounding ground now fully pegged”.
Great Boulder Resources (ASX:GBR) raised $5.5m to explore the Whiteheads (gold, nickel) and Side Well (gold) projects, as well as the ‘Wellington’ acquisition near Rumble in the Earaheedy Basin.
Special mention goes to hard-working tiddler Variscan Mines (ASX:VAR) which — on the same day market darling Rumble launched a new drilling campaign – re-rated on a big discovery at its Novales lead-zinc project in Spain.
Nearologists also continue to dine out on Chalice Mining’s (ASX:CHN) Julimar discovery.
Before Chalice came crashing in, tearing up the rulebook, companies had only really explored and mined the area for bauxite and mineral sands.
It was not a known nickel-copper-PGE province at all. This is true frontier exploration, despite being less than an hour from Perth.
In May, standout explorers included Caspin Resources (ASX:CPN) (+306%), Liontown Resources (ASX:LTR) (+42%) and Venture Minerals (ASX:VMS) (+29%) – although Liontown (lithium) and Venture (iron ore, tin) have other very attractive irons in the fire to explain their gains.
Special mention goes to Errawarra Resources (ASX:ERW) which is hunting ‘Julimar style’ deposits at its Errabiddy project in WA’s Mid-West.