This year a total of 29 stocks have listed on the ASX. There\u2019s still a month left and nine companies waiting in the wings to burst onto the scene before new years \u2013 but that\u2019s another story.<\/p>\n
Today we\u2019re taking a look at which players have made gains since listing, because even though Stockhead\u2019s Eddy Sunarto recently noted investing in an IPO can be an excellent way to potentially maximise your chances of lucrative returns<\/a>, only 7 IPOs are actually trading above their listing price for the year.<\/p>\n \u00a0<\/p>\n WordPress Tables Plugin<\/a><\/p>\n \u00a0<\/p>\n James Bay Minerals\u00a0has performed strongly since IPO thanks to a\u00a0dominant, spod-rich, but underexplored landholding in the James Bay region.<\/p>\n It has enjoyed a steady stream of early stage exploration success across the Joule, Aero and Aqua properties in the La Grande sub-province, along trend from Patriot Battery Metals\u2019 (ASX:PMT)<\/strong><\/a> \u00a0109.2Mt Corvette deposit.<\/p>\n Aqua is also right next door to Fin Resources (ASX:FIN)<\/strong><\/a> Cancet West project, where FIN recently identified \u201cabundant spodumene crystals within a broad pegmatite outcrop\u201d less than 250m from the tenement boundary.<\/p>\n Recent helicopter surveys of Aqua have now identified\u00a0five large outcropping pegmatite dykes, interpreted to be a continuation of FIN\u2019s spodumene-rich pegmatites.<\/p>\n At Aero, JBY has discovered the\u00a0560m-long Warhawk pegmatite, and subsequently the Gauntlet pegmatite\u00a0\u2013 both sampled to contain high grades of lithium.<\/p>\n Maiden drilling is planned in H1 2024.<\/p>\n \u00a0<\/p>\n Pic: Location of JBY projects and major deposits in Canada. Source: JBY.<\/p>\n \u00a0<\/p>\n Gold Hydrogen holds the Ramsay project in South Australia\u2019s Gawler craton and is already seeing some early success.<\/p>\n Its first well, Ramsay-1, was drilled to a depth of 1,005m on time and on budget.<\/p>\n Importantly, it encountered significant concentrations of natural hydrogen and helium, confirming historical measurements and demonstrating that an active system is present in the Ramsay project area.<\/p>\n Testing and laboratory results measured air-corrected hydrogen at 73.3% at 240m below ground level, consistent with the 76% air-corrected concentration of hydrogen reported in the Ramsay Oil Bore 1 in 1931.<\/p>\n Helium was also detected with an air-corrected content of 3.6% at a depth of 892m, which represents a significant value-add given the high value of helium.<\/p>\n The company is currently preparing to drill the Ramsay-2 well in mid-November to further appraise the best estimate prospective resource of 1.3Mt of hydrogen.<\/p>\n \u00a0<\/p>\n Chariot Corporation is in third place, controlling one of the largest lithium exploration landholdings in the US and this is the first time any drilling has been undertaken at Black Mountain where 60cm long spodumene crystals (6-7% lithium) were first observed back in 1997.<\/p>\n CC9 managing director Shanthar Pathmanathan recently told\u00a0Stockhead\u2019s Reuben Adams the company\u2019s Black Mountain project in Wyoming \u201clooks like Liontown Resources\u2019 (ASX:LTR)<\/strong><\/a> \u00a0Kathleen Valley before it was drilled<\/a>\u201d.<\/p>\n In early November, the company announced plans to diamond drill the project, ahead of a Phase 1 4900m campaign targeting outcropping spodumene-bearing LCT pegmatite dykes within a 1km long by 50-150m wide zone.<\/p>\n Initial results are due in January.<\/p>\n \u00a0<\/p>\n Since listing, this Queensland gold, antimony and critical metals explorer reported a maiden inferred mineral resource estimate (MRE) at the Yellow Jack project of 1.84Mt at 0.86g\/t gold (Au) for 51,100oz contained gold.<\/p>\n The project\u2019s shallow, open resource is in close proximity to existing heap leach and Carbon-in-Pulp process plants, enabling project development with limited capital expenditure.<\/p>\n A maiden resource is the goal which the company expected to be completed in the near term.<\/p>\n \u00a0<\/p>\n PLN\u2019s main game is the Root Lake project, down the road from Benham and right next door to Green Technology Metals\u2019 (ASX:GT1)<\/strong><\/a> \u00a014.6Mt Root Bay deposit.<\/p>\n The company has already\u00a0found three pegmatites \u2014 a host rock for lithium mineralisation \u2014 along the Extended Morrison trend in the northwest part of the project, which is also directly\u00a0along strike from GT1\u2019s Morrison-McCombe pegmatite system.<\/p>\n A drill program is being planned, which will feed into an exploration target and maiden resource in the first half of 2024.<\/p>\n PLN also owns the LaGrande project in Quebec which is surrounded by large lithium deposits such as Patriot <\/strong>Battery<\/strong> Metals\u2019<\/strong>\u00a0district-scale 109.2Mt at 1.42% Li2O Corvette project and Winsome Resources\u2019 (ASX:WR1)<\/strong><\/a> \u00a0Cancet discovery.<\/p>\n The explorer is undertaking geological recon programs off historical data across three claim areas to determine future fieldwork that will look to identify lithium dispersion and associated pathfinder minerals.<\/p>\n Plus, earlier this month the company picked up the Benham project in Ontario and wasted no time kicking off exploration, with fieldwork underway and rock chip samples expected to narrow down future drill targets.<\/p>\n \u00a0<\/p>\n Pic: Location of PLN%E2%80%99s projects in comparison to the North American electric vehicle supply chain. Source: PLN.<\/p>\n \u00a0<\/p>\n GR8 is set to tap manganese potential at its historical Doherty and Basin projects in NSW.<\/p>\n The company\u2019s 168km2\u00a0exploration licence has produced both battery (74.3%) and metallurgical grade (46%) manganese oxide for two decades from 1940 to 1960.<\/p>\n The demand for manganese is expected to grow as it is steadily split between the more traditional steel industry, and the emerging battery sector, a trend market analysts see growing ninefold by 2030.<\/p>\n An aerial magnetic and radiometric survey have begun over the Doherty project to develop targets for future exploration.\u00a0<\/span><\/p>\n \u00a0<\/p>\n The Papua New Guinea-focused Tolu is set to explore potential of the high-grade Tolukuma gold mine.<\/p>\n Recent trench and rock sampling at the Taula vein has returned 1m at 26.7g\/t gold and 98.5g\/t silver within a broader mineralised zone of 2m at 13.7g\/t gold and 52.3g\/t silver.\u00a0<\/span><\/p>\n The results also extended the gold and silver mineralisation of the Taula vein system from a 750m strike length to over a 1300m strike length, demonstrating the potential to develop numerous near mine gold targets.\u00a0<\/span><\/p>\n The plan going forwards is to establish a maiden resource centred on and immediately around the Tolukuma gold mine, but potentially looking to include the broader Tolukuma structure.\u00a0<\/span><\/p>\n \u00a0<\/p>\n At Stockhead we tell it like it is. While Chariot Corporation, James Bay Minerals and Pioneer Lithium are Stockhead advertisers, they did not sponsor this article.<\/p>\n <\/span><\/p>\n The post 2023 IPO stonks: Which stocks are seeing the best returns since their ASX debut this year?<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Who made the gains?<\/h2>\n
James Bay Minerals (ASX:JBY)<\/strong><\/a><\/h2>\n
+85%<\/h2>\n
Gold Hydrogen (ASX:GHY)<\/strong><\/a><\/h2>\n
+66%<\/h2>\n
Chariot Corporation (ASX:CC9)<\/strong><\/a><\/h2>\n
+53.33%<\/h2>\n
Great Divide Mining (ASX:GDM)<\/strong><\/a><\/h2>\n
+32.5%<\/h2>\n
Pioneer Lithium (ASX:PLN)<\/strong><\/a><\/h2>\n
+30%<\/h2>\n
Great Dirt Resources (ASX:GR8)<\/strong><\/a><\/h2>\n
+22.5%<\/h2>\n
Tolu Minerals (ASX:TOK)<\/strong><\/a><\/h2>\n
+4%<\/strong><\/h2>\n