10 at 11ish: Aurumin to sell iron rights to Mineral Resources

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide 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 – for better or worse.

WINNERS

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

Code Company Price % Volume Market Cap GTG Genetic Technologies 0.003 50% 200,000 $23,083,316 RGL Rivers Gold 0.015 36% 11,604,785 $10,463,876 AVM Advance Metals Ltd 0.004 33% 1,590,000 $2,167,040 ATH Alterity Therapeutics 0.005 25% 366,784 $9,759,590 ME1 Melodiol Global Health 0.0025 25% 5,153,469 $8,436,084 AHK Ark Mines Limited 0.26 24% 1,285,629 $9,480,399 PHO Phosco Ltd 0.06 20% 30,000 $13,720,668 AUN Aurumin 0.025 19% 354,666 $6,687,305 TAS Tasman Resources Ltd 0.007 17% 14,829 $4,276,016 VRC Volt Resources Ltd 0.007 17% 100,000 $24,780,640

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Aurumin (ASX:AUN) says it has executed a deal with Polaris Metals, a subsidiary of Mineral Resources (ASX:MIN), for the sale of the iron ore rights on four of its Mt Dimer exploration tenements in WA.

Key terms of the sale include $250k payable to AUN on satisfaction of the conditions precedent, plus progress payments of ~1.25 million and $1/t royalty on iron ore exported.

Ark Mines (ASX:AHK) has announced first pass water-based beneficiation test work at its 100%-owned Sandy Mitchell project in North Queensland has produced a high commercial grade rare earth concentrate with excellent recoveries.

The final concentrate assays returned 51.9% TREO (519,00ppm) and contained mostly LA, Ce, Pr and Nd plus heavy rare earths DY and Tb.

LOSERS

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

Code Company Price % Volume Market Cap PKO Peako Limited 0.004 -20% 400,000 2,635,424 YOJ Yojee Limited 0.004 -20% 35,300 6,527,426 AKM Aspire Mining Ltd 0.061 -19% 43,647 38,072,774 CSS Clean Seas Ltd 0.295 -17% 145,007 58,748,777 CYG Coventry Group 1.175 -13% 5,170 128,235,684 DDT DataDot Technology 0.004 -11% 1,413,647 5,449,288 MEL Metgasco Ltd 0.008 -11% 4,791,715 9,574,981 PAB Patrys Limited 0.008 -11% 3,904,823 18,517,026 PL3 Patagonia Lithium 0.125 -11% 1,197 6,860,490 3DA Amaero International 0.17 -11% 433,446 79,200,814

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Clean Seas Seafood (ASX:CSS) has announced its completed a ~$9.5 million non-underwritten two-tranche placement in conjunction with undertaking of an operational review.

Metgasco (ASX:MEL) says following the recent resignation of John Patton from the board director Peter Lansom will offer himself for re-election at the company’s upcoming AGM.

At Stockhead, we tell it like it is. While Ark Mines is a Stockhead advertiser, it did not sponsor this article.

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