Top 10 at 10: Has this junior explorer discovered a niobium motherlode?

Estimated read time 2 min read

Stockhead’s Top 10 at 10, published at ~10.40am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data.

It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading.

 

WINNERS

Stocks highlighted in yellow made market-moving announcements (click headings to sort).

Security Description Last % Volume MktCap RR1 Reach Resources Ltd 0.021 75% 12,434,959 $10,493,176 TIG Tigers Realm Coal 0.004 33% 776,988 $39,200,107 TMK TMK Energy Limited 0.004 33% 200,000 $20,734,836 ALR Altairminerals 0.005 25% 45,029 $17,186,310 TMR Tempus Resources Ltd 0.005 25% 1,120,000 $2,923,995 LSR Lodestar Minerals 0.002 25% 4,882,823 $3,237,436 AYT Austin Metals Ltd 0.006 20% 1,000,000 $6,620,957 EEL Enrg Elements Ltd 0.003 20% 1,827,434 $2,524,913 VRC Volt Resources Ltd 0.006 20% 166,666 $20,793,391 S66 Star Combo 0.13 18% 10,091 $14,859,128

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Reach Resources (ASX:RR1) reckons it has found the primary source of high grade niobium at Wabli Creek, with newly sampled rocks grading up to 17.65%.

“This is a significant breakthrough for the Wabli Creek project,” Reach CEO Jeremy Bower says.

“It was not known whether the hard rock source material would hold the same or similar concentrations as the previously reported surface eluvium samples, however taking rock chips directly from the hard rock insitu material and returning similar grades up to 17% Nb2O5, plus high grade REE and titanium is extremely promising.”

 

LOSERS

Stocks highlighted in yellow made market-moving announcements (click headings to sort).

Security Description Last % Volume MktCap AVE Avecho Biotech Ltd 0.003 -25% 13,000 $12,677,188 VML Vital Metals Limited 0.003 -25% 40,750 $23,580,268 MKL Mighty Kingdom Ltd 0.004 -20% 1,684,109 $12,487,999 RIE Riedel Resources Ltd 0.002 -20% 14,712,861 $5,559,589 ROG Red Sky Energy. 0.004 -20% 3,282,689 $27,111,136 AEV Avenira Limited 0.005 -17% 1,441,288 $14,094,204 LPD Lepidico Ltd 0.0025 -17% 4,010,955 $25,767,358 BTH Bigtincan Hldgs Ltd 0.11 -15% 674,564 $80,115,367 PLC Premier1 Lithium Ltd 0.022 -15% 336,000 $4,538,926 CBH Coolabah Metals Limi 0.085 -15% 1,000 $12,040,628

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The post Top 10 at 10: Has this junior explorer discovered a niobium motherlode? appeared first on Stockhead.

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