Top 10 at 11: An AI venture and lots of drilling are making the news today

Good morning, and welcome to Stockhead’s Top 10 at 11, a short, sharp update to help frame the trading day.

Pic: Getty Images.

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which highlights the best (and sometimes worst) performing ASX stocks in morning trade using live data.

We provide a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms that have made announcements.

The market opens at 10am (eastern time) and the data is taken at 10:15am, once every ASX stock has started trading. Here’s what’s happened so far.

Pre-market, the ASX was expected to open higher after Wall Street reached yet another record high.

The headlines on Monday morning are mostly about a couple of unfolding dramas – the ATO is reportedly looking into Mineral Resources (ASX:MIN) boss Chris Ellison’s tax affairs, and WiseTech Global (ASX:WTC) founder Richard White sold off about $140m of his holding in the company, as he appears to be building a warchest to defray the costs for alleged affairs of a different sort to Ellison’s.

By 10.30 the writing was on the wall for Wisetech – it was down more than 16 per cent, dragging the entire InfoTech sector with it.

InfoTech was down about 3.3 per cent on Monday morning, while the rest of the market was doing quite well. The ASX 200 was up around 0.8 per cent last time we checked.

WINNERS

Code	Company	Price	%	Volume	Market Cap
PUA	Peak Minerals	0.0045	125.0	46,410,622	$4,994,221
YRL	Yandal Resources	0.195	95.0	587,368	$26,780,761
OVT	Ovanti	0.047	80.8	66,860,149	$40,465,057
VR1	Vection Technologies	0.015	50.0	17,466,348	$13,265,890
CAV	Carnavale Resources	0.004	33.3	11,818,560	$12,270,655
EXL	Elixinol Wellness	0.004	33.3	3,010,925	$4,680,214
GCR	Golden Cross	0.004	33.3	1,000,332	$3,291,768
88E	88 Energy	0.0025	25.0	1,500,543	$57,867,624
ECT	Env Clean Tech	0.0025	25.0	78,646	$6,343,621
TMK	TMK Energy	0.0025	25.0	850,000	$15,183,224

Yandal Resources (ASX:YRL) has been rising quickly on news that the first assay results from the 12 hole, 2400m RC program completed across New England Granite structural targets in early October have been received. The results showed 78m @ 1.2 g/t Au from 96m to end-of-hole in 24IWBRC0039, including 5m @ 3.2g/t Au from 102m, and 5m @ 2.8g/t Au from 139m. The remaining results from this drill program are expected over the next 2-4 weeks.

Vection Technologies (ASX:VR1) was rising on news that it has partnered with IT giant Dell to launch its AI-based 'Algho' platform, securing its first sale of $500,000. The company says the launch is “testament to the value and potential of Vection’s acquisition of TDB” – the acquisition TDB, which supplied the generative AI layer which powers Vection’s ‘Algho’ platform, goes before shareholders for approval on Monday, October 28.

Carnavale Resources (ASX:CAV) was up on news that it had commenced an extensional drilling program at the high-grade Swiftsure deposit within the Kookynie Gold Project is underway, testing extensions to the Swiftsure bonanza gold grade shoots that contain zones of +30g/t within the resource. The company said it would monitor the drilling carefully and modify the program to chase the best mineralisation as it was encountered.

Environmental Clean Technologies (ASX:ECT) is up on news of the signing of a joint venture agreement with ESG Agriculture, advancing from the Heads of Agreement signed in July 2024. The company says it marks a significant milestone in the progression of the COLDry Lignite-Nitrogen Fertiliser Project.

TMK Energy (ASX:TMK) was up on news that the first of the three additional pilot production wells at the Gurvantes XXXV Coal Seam Gas (CSG) Project, being drilled as part of the 2024 drilling program, has been successfully drilled to a total depth of 480m and has intersected approximately 60m of net coal, which is “as per prognosis and consistent with the existing three surrounding pilot production wells”.

LAGGARDS

Code	Company	Price	%	Volume	Market Cap
SI6	SI6 Metals Limited	0.001	-50.0	500,491	$4,737,719
KLI	Killiresources	0.075	-48.3	2,824,666	$20,332,443
NSM	Northstaw	0.021	-40.0	1,628,336	$5,627,152
EFE	Eastern Resources	0.003	-25.0	60,000	$4,967,786
IBG	Ironbark Zinc Ltd	0.003	-25.0	1,050,000	$7,334,591
SFG	Seafarms Group Ltd	0.003	-25.0	64,214	$19,346,397
ERL	Empire Resources	0.002	-20.0	25,000	$3,709,783
BPP	Babylon Pump & Power	0.005	-16.7	75,000	$14,997,294
BUY	Bounty Oil & Gas NL	0.005	-16.7	5,092,316	$8,991,006
TSL	Titanium Sands Ltd	0.005	-16.7	130,000	$13,270,483

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

Originally published as Top 10 at 11: An AI venture and lots of drilling are making the news today