Top 10 at 11: Who has entered a farm-in deal and JV with Mineral Resources?

Estimated read time 2 min read

Stockhead’s Top 10 at 11, published 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 Description Last % Volume MktCap

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Dynamic Metals (ASX:DYM) has inked a a farm-in and JV deal with a wholly-owned subsidiary of Mineral Resources (ASX:MIN).  Subject to the satisfaction of certain conditions 40% of all lithium mineral rights held by DYM on the Widgiemooltha tenement package will be sold to MIN for $5m cash consideration.

Alara Resources (ASX:AUQ) says it has successfully completed the commissioning and start of concentrate production at its 1 MTPA Al Wash-hi – Majaza copper-gold mine and copper concentrate plant in Oman, which is owned and operated by its 51% JV company, Al Hadeetha Resources LLC (AHRL).

Noble Helium (ASX:NHE)  says its plans to monetise the helium potential of its North Rukwa project in Tanzania have received a major boost after further detailed analysis and integration of well data indicates the probable free gas cap at Mbelele to be six times larger than originally mapped.

Fin Resources (ASX:FIN) says uranium prospectivity has been identified at its Ross Project in Quebec, Canada. FIN says a review of recent and historical work across the Ross Project has identified potential U-Th-REE bearing pegmatites.

 

LOSERS

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

Code Company Price % Volume Market Cap MSG MCS Services Limited 0.005 -44% 550,000 $1,782,897 HMD Heramed Limited 0.012 -40% 27,923 $7,064,996 X2M X2M Connect Limited 0.038 -27% 129,015 $13,120,219 1MC Morella Corporation 0.003 -25% 405,000 $24,715,198 AHN Athena Resources 0.003 -25% 700,000 $4,281,870 SHO Sportshero Ltd 0.01 -23% 1,000,000 $8,031,827 JPR Jupiter Energy 0.019 -21% 90,830 $30,567,653 LRL Labyrinth Resources 0.004 -20% 148,526 $5,937,719 NAE New Age Exploration 0.004 -20% 84,210 $8,969,495 ROG Red Sky Energy. 0.004 -20% 30,375 $27,111,136

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At Stockhead, we tell it like it is. While Dynamic Metals and Fin Resources are Stockhead advertisers, they did not sponsor this article.

The post Top 10 at 11: Who has entered a farm-in deal and JV with Mineral Resources? appeared first on Stockhead.

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