In Case You Missed It: Krakatoa soars on thick King Tamba pegmatites in big day for resources stocks

Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar.

Below is a wrap of the top 20 performing stocks, by percentage, that made announcements today.

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Code Company Price % Today Market Cap KTA Krakatoa Resources 0.04 54% $11,307,346 FG1 Flynn Gold 0.099 46% $9,274,016 ZNC Zenith Minerals Ltd 0.165 27% $45,809,515 RDN Raiden Resources Ltd 0.0485 24% $91,098,742 BMM Balkan Mining and Minerals 0.145 21% $8,256,861 TMH The Market Herald 0.24 20% $64,194,516 AQD Ausquest Limited 0.012 20% $8,251,492 SUM Summit Minerals 0.12 20% $4,765,713 IPT Impact Minerals 0.013 18% $31,511,743 BLU Blue Energy Limited 0.02 18% $31,466,551 PGM Platina Resources 0.029 16% $15,579,508 RPM RPM Automotive Group 0.094 15% $16,026,741 1CG One Click Group Ltd 0.016 14% $8,611,375 CTN Catalina Resources 0.004 14% $4,334,704 HLX Helix Resources 0.004 14% $8,131,010 SP3 Specturltd 0.019 12% $3,902,093 OD6 OD6 Metals 0.2 11% $9,902,789 OLY Olympio Metals Ltd 0.15 11% $8,585,932 GML Gateway Mining 0.021 11% $5,060,337 BCT Bluechiip Limited 0.025 9% $18,103,026

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Balkan Mining and Minerals (ASX:BMM) says Major Drilling Group International will complete the company’s ongoing drill program at the Gorge Lithium Project in Ontario, Canada.

Solar security, sensing and visual AI solutions company Spectur (ASX:SP3) has inked a deal with Surf Life Saving NSW for the supply, installation, support and maintenance of Emergency Response Beacons (ERBs) with a purchase order issued under the contract for ~$1,2 million.

RPM Automotive (ASX:RPM) has reaffirmed FY24 guidance in its Q1 FY24 trading update, forecasting reported revenue between $130 million to $140 million and EBITDA between $10.5 million to $12 million, driven by improving margins and revenue growth.

More Top Small Cap Stories: Thursday

Krakatoa Resources (ASX:KTA) has completed drilling at its King Tamba project in WA’s Mid West region, which has been expanded after the intersection of a thick pegmatite with a width of up to 39m under the target area.

Race Oncology (ASX:RAC) said a Certificate of Testing (CoT) has been issued by Societal CDMO (San Diego, USA) for the first engineering batch of RAC’s proprietary bisantrene formulation, RC220.

Leading cathode precursor materials producer Shanghai Jayson New Energy Materials is set to become St George Mining’s (ASX: SGQ) largest shareholder after agreeing to subscribe for $3 million.

RareX (ASX:REE) has signed an offtake MoU with the world’s second largest fertiliser distributor Nitron Group, de-risking a key component of the bulk handling supply chain for its Cummins Range REE project in WA.

Venture Minerals (ASX:VMS) has identified a large rare earth element (REE) target extending over 40km2 named ‘Jupiter’ after completing gravity and magnetic surveys at the Brothers project in WA’s Mid West region.

Scorpion Minerals (ASX:SCN) has pocketed $3 million from an oversubscribed placement to expedite exploration at the company’s Youanmi and Pharos lithium projects in Western Australia, while contemplating other opportunities in the sector.

PNX Metals (ASX:PNX) has received back uranium rights over a substantial portion of its Pine Creek tenure in the Northern Territory with the expiration of a 10-year historic third-party agreement with Oz Uranium, a subsidiary of Rockland Resources.

Brightstar Resources (ASX:BTR) reports first ore mined by joint venture partner BML Ventures at the Selkirk deposit, which sits within the company’s larger Menzies gold project in WA’s major historic gold field.

Clean air compressor engineering, research, product development and manufacturing company Sprintex (ASX:SIX) has unveiled two new automotive supercharger systems at a leading automotive aftermarket expo and has already secured US$80,000 in new orders.

OD6 Metals (ASX:OD6) says phase-3 drilling at its Splinter Rock project surpasses previous outstanding results with some of Australia’s thickest high-grade REE intersects returned.

A scoping study reveals Impact Minerals (ASX:IPT) could be the world’s lowest-cost producer of HPA via its Lake Hope project in Western Australia.

A large new lithium-caesium-tantalum (LCT) pegmatite along 1.3km of strike has been identified at the Olympio Metals (ASX:OLY) Cadillac project in Québec, Canada.

RC drilling is set to kick off at the NickelX (ASX:NKL) Dalwallinu nickel-copper-PGE project in WA’s West Yilgarn mining province after receiving approvals from mining authorities.

Drilling is under way at the QX Resources (ASX:QXR) 102km2 Liberty Lithium project in California, targeting a high-value, extensive surface brine anomaly and a large conductive geophysical feature to prove what the company believes has the potential to be a huge lithium prize.

At Stockhead we tell it like it is. While Race Oncology, St George Mining, RareX, Venture Minerals, Scorpion Minerals, PNX Metals, Krakatoa Resources, Brightstar Resources, Sprintex, OD6 Metals, Impact Minerals, Olympio Metals, Nickel X, QX Resources are Stockhead advertisers, they did not sponsor this article.

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