• In June, 13 explorers made gains of 100% or more — a 2023 record
  • Lithium and copper the most popular commodities, followed by gold nickel and rare earths

 

The first five months of 2023 had not been kind to the speculative end of the bourse but, with over a dozen exploration stocks making gains of 100% or more in June, maybe things are looking up.

The ‘Bag Tally’ (+100% gains) is Stockhead’s unscientific measure of speccy resources sentiment on the ASX in any given month.

In June, 13 explorers made gains of 100% or more.

That’s the Tally’s best result since August last year, and the equal second-best result since records began (way back in January 2022).

We even beat out our mining and exploration-heavy cousins over at the TSX.V, which only had seven, +100% gainers last month.

Here’s how the Bag Tally has tracked over the past 18 months:

Maybe sentiment is on the rise. Most metals prices certainly are, which you can read more about here:

When it comes to most popular commodities in our top 30, lithium is still king. Rare earths remain trendy, while quality junior copper stocks are beginning to make a ripple in the top 30.

Here’s a breakdown of the five most popular commodities for June:


 

Here are the top 30 ASX resources stocks for the month of June  >>>

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

CODE COMPANY JUNE RETURN % SHARE PRICE MARKET CAP COMMODITY
SLM Solis Minerals 693% 1.11 $66,322,240 LITHIUM, COPPER
GRE Green Tech Metals 363% 0.555 $23,259,821 LITHIUM, COPPER, ZINC
TNC True North Copper 362% 0.245 $63,661,155 COPPER
AZS Azure Minerals 220% 1.505 $587,305,288 LITHIUM, NICKEL
G88 Golden Mile Res Ltd 152% 0.053 $17,457,644 NICKEL, COBALT, RARE EARTHS, GOLD
RDN Raiden Resources Ltd 150% 0.01 $20,552,689 LITHIUM
AW1 American West Metals 150% 0.16 $42,585,859 COPPER
ALV Alvomin 125% 0.315 $20,460,659 RARE EARTHS, COPPER, ZINC
GMN Gold Mountain Ltd 114% 0.0075 $14,774,495 LITHIUM, COPPER
EMC Everest Metals Corp 111% 0.19 $24,592,291 LITHIUM, GOLD
AHN Athena Resources 100% 0.006 $6,422,805 IRON ORE
CMD Cassius Mining Ltd 100% 0.034 $16,888,759 LITHIUM, LIMESTONE
REZ Resourc & En Grp Ltd 100% 0.024 $11,995,339 NICKEL, GOLD
REC Recharge Metals 90% 0.37 $39,066,255 LITHIUM
ERW Errawarra Resources 89% 0.185 $11,193,240 LITHIUM, NICKEL, COPPER, GRAPHITE
MM1 Midas Minerals 83% 0.33 $25,707,294 LITHIUM
MQR Marquee Resource Ltd 73% 0.045 $14,881,838 RARE EARTHS, LITHIUM
LRS Latin Resources Ltd 73% 0.32 $824,878,292 LITHIUM
RR1 Reach Resources Ltd 69% 0.011 $30,305,557 LITHIUM, RARE EARTHS, COPPER
BM8 Battery Age Minerals 68% 0.53 $39,335,626 LITHIUM
MI6 Minerals260 Limited 66% 0.79 $184,860,000 LITHIUM, RARE EARTHS, NICKEL, COPPER, PGE
M3M M3 Mining 63% 0.155 $6,355,221 GOLD
AUE Aurum Resources 63% 0.15 $3,750,000 GOLD
ADD Adavale Resource Ltd 63% 0.026 $13,508,118 NICKEL
WYX Western Yilgarn NL 63% 0.13 $6,455,476 NICKEL, LITHIUM
XAM Xanadu Mines Ltd 62% 0.081 $132,663,759 COPPER
OAU Ora Gold Limited 60% 0.004 $15,747,701 GOLD
HAW Hawthorn Resources 58% 0.145 $46,902,186 LITHIUM, IRON ORE
ENR Encounter Resources 57% 0.455 $179,964,230 RARE EARTHS, COPPER, GOLD
NWM Norwest Minerals 55% 0.048 $13,326,456 RARE EARTHS, COPPER, GOLD
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June ASX Top 3

SOLIS MINERALS (ASX:SLM) (TSX.V: SLMN)

Lithium’s dual listed ‘flavour of the month’ announced the purchase of the Jaguar lithium project in Brazil late May.

At Jaguar – located in Bahia state — the company says there are rock chips grading up to 4.95% Li2O along a 1km long, 50m wide spodumene-rich pegmatite body.

It then raised $8.1m at a modest ~7% discount to the last traded price, with big brother and fellow Brazilian lithium play Latin Resources (ASX:LRS) increasing its investment in SLM to 17.79% as part of the placement.

Drilling is already underway. It also has a lithium project in northern Brazil called Borborema and several additional acquisitions in the pipeline.


 

GREENTECH METALS (ASX:GRE)

GRE pumped hard mid-month after early-stage rock chip sampling returned decent assays up to 1.65% lithium at the Ruth Well project in the Pilbara.

The explorer says pegmatites – both barren and spod-bearing — can be traced for 6km.

Being just 30km from Azure Minerals’ (ASX:AZS) huge find has also inspired the copper-focused company to ramp up its lithium hunt.

“This appears to be a significant mineralising event the extent of which both laterally and along strike is yet to be determined,” GRE exec director Thomas Reddicliffe says.

“This discovery in WA’s new lithium hot spot, combined with the company’s advanced Whundo copper project, where we recently reported a significant resource upgrade, positions GreenTech as a rapidly emerging critical metals business with an advanced project pipeline.”


 

TRUE NORTH COPPER (ASX:TNC)

Copper has an exciting future as per most analysts’ expectations. The energy transition is expected to see demand double by 2050, with RBC recently predicting a lift in prices from ~US$3.80/lb to US$4.50/lb to incentivise new production in the face of a predicted 10Mtpa shortfall by 2035.

That’s equivalent to 10 Escondidas — the world’s largest copper operation.

A reverse takeover conducted through the shell of fellow Qld copper play Duke Exploration, TNC raised $37.3 million at 25c per share in a reverse takeover offering.

Armed with a measured, indicated and inferred JORC resource base of 326,000t copper, 87,400oz gold and 4.3Moz of silver along with a concentrator, SX and copper sulphate crystallisation plant, it’s aiming to commission its mothballed Cloncurry hub within weeks.

The company plans to produce 10,000 to 15,000t of copper a year from Cloncurry over a 7-8 year mine life.

 

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