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.
ICYMI Leader Board
Euro Manganese (ASX:EMN) has nabbed US$100m in funding support from Orion Resource Partners towards the development of its Chvaletice manganese project in the Czech Republic.
Ballymore Resources (ASX:BMR) has raised $1.8m via a placement/entitlement offer – plus another $1.5m from mining royalty firm Taurus – to advance the Dittmer gold mine in QLD to production.
Tempus Resources (ASX:TMR) plans to undertake a an underwritten non-renounceable entitlement offer at $0.005 per share to raise around $1.714 million to evaluate potential new acquisitions and realise value from the Blackdome-Elizabeth assets.
Off the back of recent metallurgical results at its Quicksilver nickel-cobalt project in WA, Golden Mile Resources (ASX:G88) is now looking into the gold potential of the project.
And Investigator Resources (ASX:IVR) has commenced an extensive gravity survey over its Molyhil tungsten-molybdenum project in the NT.
More Top Small Cap Stories: Wednesday
Iltani Resources (ASX:ILT) is about to commence stage 2 drilling at its Orient silver-indium project in Northern Queensland.
Greenstone Resources (ASX:GSR) has kicked off a strategic review aimed at assessing the potential for near-term mining at its Burbanks and Phillips Find gold projects near Coolgardie, WA.
GreenTech Metals (ASX:GRE) is on the hunt for lithium pegmatites in maiden diamond drilling at the Osborne JV in WA with Artemis Resources (ASX:ARV), with the first hole completed.
Several new priority targets have been identified at Firetail Resources (ASX:FTL) Yalgoo project after a review of remote sensing data highlighted potential lithium-bearing pegmatites.
Pioneer Lithium (ASX:PLN) has found 61 pegmatite outcrops – including a 40m long outcrop – at the recently optioned Benham project in Canada.
Bubalus Resources (ASX:BUS) has identified several potential pegmatite targets at its newly acquired Yinnietharra project, just over the fence from where Delta Lithium has proven up a 1.6km-long spodumene-hosted lithium find.
A Preliminary Economic Assessment (PEA) of Power Minerals (ASX:PNN) Rincon salar at its Salta lithium project shows the potential to produce high-purity, battery-grade lithium carbonate with an impressive internal rate of revenue (IRR) of 42%.
Galan Lithium (ASX:GLN) says it’s receiving approaches for offtake and strategic financing for Phase 2 development at Hombre Muerto West project in Argentina.
A follow-up work program has kicked off on high-grade rare earth elements (REEs) on the north block of Locksley Resources’ (ASX:LKY) Mojave project in California, USA.
Aura Energy (ASX:AEE) plans to significantly expand its Tiris project in Mauritania, Africa with a province-scale 13,000km tenure application.
Belararox (ASX:BRX) has commenced infill soil sampling along 5kms of lithium soil anomalies at its Bullabulling project in WA.
First assay results from Tambourah Metals’ (ASX:TMB) RC program at the World’s Fair prospect of its namesake Pilbara project have returned up to 8.6g/t gold.
Charger Metals (ASX:CHR) says rock chip samples from a newly discovered pegmatite outcrop have confirmed high grade lithium up to 4.2% Li2O at the Lake Johnston project in WA.
Venture Minerals (ASX:VMS) has reported assay results including over 7,000 ppm TREO from maiden Reverse Circulation drilling at the new Jupiter REE target at its Brothers project in WA.
ADX Energy (ASX:ADX) has cleared the last regulatory hurdle in the way of drilling the potentially transformational Welchau-1 gas well in Upper Austria after receiving environmental clearance.
New Age Exploration (ASX:NAE) has commenced drilling to test high priority LCT pegmatite targets at the Quartz Hill project in WA.
Krakatoa Resources (ASX:KTA) has received firm commitments to raise $1.6m via a placement at $0.043 per share to advance the 6,000m drill program at its King Tamba lithium project in WA.
Ionic Rare Earths (ASX:IXR) says the final administrative stages of the mining licence approval for its Makuutu rare earths project is underway, after the Ugandan Government representatives from the Directorate of Geological Survey and Mines (DGSM) have completed the on-site verification processes.
Recent lithium discoveries, in the Lake Johnston area, together with an internal review, have prompted Vertex Minerals (ASX:VTX) to undertake a soils program across its Lake Johnston, Taylor Rock tenement E63/2058 in WA.
Titan Minerals (ASX:TTM) is undertaking an accelerated non-renounceable pro rata entitlement offer at $0.03 per share to raise up to $7.6m for resource drilling at the Dynasty gold project in Ecuador.
And Elevate Uranium (ASX:EL8) MD Murray Hill has shown his confidence in the company with the purchase of 3.6m shares at $0.17 per share.
At Stockhead we tell it like it is. While Iltani Resources, Greenstone Resources, GreenTech Metals, Firetail Resources, Pioneer Lithium, Golden Mile Resources, Bubalus Resources, Power Minerals, Galan Lithium, Aura Energy, Belararox, Locksley Resources, Charger Metals, Venture Minerals, ADX Energy, New Age Exploration, Krakatoa Resources, Ionic Rare Earths, Vertex Minerals, Titan Minerals and Elevate Uranium are Stockhead advertisers, they did not sponsor this article.
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