News & Updates
Top 10 at 10
Investors can’t get enough of these ASX rare earths stocks. Here are the highlights of the best (and worst) performing ASX stocks in morning trade using live data.
Heritage Deal
Alma is another step closer to being granted access to initiate copper exploration over about 1,000 km2 of Western Australia’s East Kimberley region.
Power Move
Battery Metals – the FY2023 power move. Analyst Howard Klein calls battery metals “one of the best secular investment themes of our time”.
Copper Play
Alma has exercised its option to earn up to 70% in the Briggs, Mannersley and Fig Tree Hill copper project in central Queensland by spending $15.2m over nine years.
Hydrogen Cars
A new study out of UK-based research consultancy, Juniper Research, has suggested hydrogen vehicles could be taken up like hot potatoes and become a viable alternative to battery electric vehicles (BEV) by 2027.
Resources Top 5
Iron ore junior Freehill Mining says first sales are imminent from their Chile project. It will also look to sell ‘waste’ rock as aggregate to construction, cement and brick making companies.
More Widespread Than Expected
Alma’s soil sampling has indicated that copper mineralisation at the Briggs, Mannersley and Fig Tree Hill copper project is more widespread than originally thought.
Q3: Resource Quarterlies
Cutting through the chaff to get at the meaty bits. Here are what some of our miners were up to in the March quarter.
The Right Stuff
Alma’s metallurgical test work has returned copper recoveries of between 92% to 95% for the three types of mineralisation at the Briggs copper deposit in Queensland.
Copper Boom
The positive outlook for copper prices as the world begins the long but accelerating transition from fossil fuels to renewable energy will unlock deposits previously thought uneconomic.
Resources Top 5
Investors scoop up cheap copper and gold stocks. Auking Mining hits “phenomenal” 105m at 1.94% copper and 55g/t silver from 46m while Lefroy intercepts hit thick, high grade gold underneath a salt lake at emerging “Burns” discovery.
Closing Bell
Local stocks posted a strong session on Thursday, as the ASX 200 climbed by around 1% while the microcap Emerging Markets index jumped again (+1.9%).
Resources Top 5
These three small cap winners confirm lithium fever is alive and well. RDT now up +140% since revealing lithium potential at ‘Mt Ida’ gold project yesterday; Castillo has secured Aussie lithium projects in two sought after neighbourhoods and Gold focussed WC8 announces option to earn up to 75% of the ‘Bullabulling’ lithium project in WA.
Resources Top 5
Vulcan Energy’s “Zero Carbon” base metals spin-out explodes on ASX debut. Vulcan Energy’s Norway projects have been rolled into spinout Kuniko, which listed today at 20c per share.
Small Cap Lunch Wrap
Who’s resting on their laurels today? The ASX 200 is managing a small improvement of 10 points or 0.14% to 7,251 around midday, having been down as much as 41 points or just over 0.5% at its opening lows.
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