Top 10 at 10: Boomeranging boron and a Colossal rare earths discovery

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 have made market-moving announcements (click headings to sort).

Code Company Price % Volume Market Cap CRB Carbine Resources 0.006 20% 1,000,000 $2,758,689 IVX Invion Ltd 0.006 20% 500,074 $32,108,161 OAR OAR Resources Ltd 0.003 20% 154,000 $6,609,319 PXX Polarx Limited 0.007 17% 885,855 $9,837,701 M2M Mtmalcolmminesnl 0.03 15% 220,000 $3,050,931 VMS Venture Minerals 0.008 14% 573,687 $15,470,091 EGY Energy Tech Ltd 0.044 13% 20,000 $13,168,733 CLU Cluey Ltd 0.08 13% 8,333 $14,314,563 RKT Rocketdna Ltd. 0.009 13% 286,000 $5,217,808 VMM Viridismining 1.5 12% 136,004 $59,957,115 5EA 5Eadvanced 0.25 11% 651,106 $69,223,538

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One of 2023’s best performing stocks Viridis (ASX:VMM) has started the new year at pace, announcing a “breakthrough discovery” at its Colossus ionic clay rare earths project in Brazil.

First drill results from Capão da Onça are the highest grades reported at Colossus to date, and include 7m @ 8,277ppm, ending in mineralisation, from 1m depth.

Meanwhile, battered boron-lithium stock 5E Advanced Materials (ASX:5EA) has started mining at its Americas Complex with the start-up of the wellfield injection process.

“The 5E team has been resilient through the construction process, navigating several challenges and ultimately bringing our facility on-line,” CEO Susan Brennan says.

“We look forward to 2024 as we continue advancing our vision as we now become the newest domestic producer of boric acid and lithium carbonate.”

LOSERS

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

Code Company Price % Volume Market Cap AUH Austchina Holdings 0.003 -25% 25,000 $8,311,535 AL8 Alderan Resource Ltd 0.005 -17% 1,237,591 $6,641,168 ATH Alterity Therap Ltd 0.006 -14% 2,540,594 $19,616,523 HOR Horseshoe Metals Ltd 0.006 -14% 800,000 $4,525,351 TSL Titanium Sands Ltd 0.012 -14% 35,388 $27,912,223 RCR Rincon 0.027 -13% 971,679 $5,507,549 PL3 Patagonia Lithium 0.11 -12% 1,001 $6,141,063 GML Gateway Mining 0.023 -12% 250,000 $8,850,813 BLZ Blaze Minerals Ltd 0.008 -11% 843,087 $5,657,024 SNS Sensen Networks Ltd 0.029 -11% 725,933 $25,028,989 CIW Clime Investment 0.3 -10% 5,500 $24,223,939

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Investors were unimpressed by the latest set of drill results from Rincon Resources’ (ASX:RCR) South Telfer project in the Paterson Range of WA.

Best results included 2m at 1.19g/t gold from 123m downhole and 8m at 1.08g/t from 288m downhole.

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