Top 10 at 10: Exciting uranium, disappointing copper, and the search for Atlantis begins

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).

Security Description Last % Volume MktCap PKO Peako Limited 0.004 33% 95,000 $1,581,254 BMG BMG Resources Ltd 0.017 31% 10,415,273 $8,239,363 RDS Redstone Resources 0.006 20% 105,000 $4,606,892 SI6 SI6 Metals Limited 0.006 20% 333,333 $9,969,297 KNB Koonenberry Gold 0.066 20% 110,395 $6,586,200 TSL Titanium Sands Ltd 0.013 18% 50,265 $21,931,032 TOE Toro Energy Limited 0.63 15% 1,321,193 $53,145,401 LPD Lepidico Ltd 0.008 14% 500,000 $53,468,156 TAR Taruga Minerals 0.008 14% 584,000 $4,942,187 VMS Venture Minerals 0.008 14% 125,000 $15,470,091

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There has been a board reshuffle at gold explorer BMG (ASX:BMG), where managing director Bruce McCracken has resigned and non-exec director (and major shareholder) John Prineas assumes the role of non-exec chair.

Koonenberry Gold (ASX:KNB) has approval to drill the Atlantis copper gold prospect, an extensive 6.5km long anomaly underneath a scattering of high grade (+15%) copper rock chips in NSW.

KNB says it has a similar vibe to the +5Moz Stawell gold mine in Western Victoria.

Toro Energy (ASX:TOE) has made inroads into its Lake Maitland uranium project extension study, which is now ”significantly advanced”.

TOE says the highly profitable, 1.3Mlb per annum mine would have an NPV and IRR of $610m and 41% respectively, based on low all in sustaining costs of US$28/lb.

LOSERS

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

Security Description Last % Volume MktCap ME1 Melodiol Global Health 0.001 -50% 17,077,777 $9,457,648 PUA Peak Minerals Ltd 0.002 -33% 208,333 $3,124,130 CPO Culpeo Minerals 0.056 -28% 10,519,896 $10,474,677 PVT Pivotal Metals Ltd 0.019 -21% 70,836 $16,321,339 KPO Kalina Power Limited 0.004 -20% 650,711 $11,050,640 NGS NGS Ltd 0.013 -19% 835,499 $4,019,638 1MC Morella Corporation 0.005 -17% 168,311 $37,072,797 NKL Nickelx Ltd 0.04 -17% 641,700 $4,215,128 AJL AJ Lucas Group 0.011 -15% 82,500 $17,884,485 BXN Bioxyne Ltd 0.011 -15% 15,478 $24,721,390

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Culpeo Minerals’ (ASX:CPO) maiden drill results from El Quillay, part of the Fortuna project in Chile, have failed to live up to the hype.

Best results from the first hole included 5.8m @ 0.78% CuEq from 15.2m and 26m @ 0.81% CuEq from 29m.

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