Top 10 at 11: Fresh assays and hitting the history books is what it’s all about today

Stockhead’s Top 10 at 11: a short, sharp update to help frame the trading day.

"Dear Diary. There's loads of gold and copper and stuff around here somewhere, but someone else will need to dig it all up." Pic via Getty Images.

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

Briefly, here’s what’s been happening already this morning: The ASX 200 has opened around 0.6% higher this morning, after iron ore briefly rose as high as US$97.40 per tonne thanks to news of some pretty aggressive Chinese stimulus cash from Beijing.

Ahead today, there’s news from beleaguered Star Entertainment Group. It is set to release its financial report today and the headlines say that it’s managed to secure a couple of hefty loans, at some very hefty interest rates, to get it past its current troubles.

WINNERS

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

Security	Description	Last	%	Volume	MktCap
AAU	Antilles Gold	0.004	33.3	1,725,886	$5,567,228
ATH	Alterity Therapeutics	0.004	33.3	2,136,640	$15,961,008
PLC	Premier1 Lithium	0.013	30.0	7,251,626	$1,745,741
ARI	Arika Resources	0.04	29.0	5,891,131	$15,456,120
BMO	Bastion Minerals	0.007	27.3	5,702,900	$2,785,818
GTI	Gratifii	0.005	25.0	2,722	$8,596,785
RGL	Riversgold	0.005	25.0	4,919,060	$5,309,850
QEM	QEM	0.11	22.2	20,304	$13,625,254
1AI	Algorae Pharma	0.007	16.7	615,000	$10,124,368
POS	Poseidon Nickel	0.004	16.7	584,353	$12,611,626

Premier1 Lithium (ASX:PLC) – formerly known as SensOre – was rising early after releasing the results of a strategic review of all exploration assets for their gold and copper potential based on all available historical exploration data. The company says the review has identified “significant untapped potential within the Yalgoo project area” in WA’s Murchison region, where historical drilling has revealed “numerous high-grade gold intercepts at near surface that have been largely untouched since the 1990s”.

Arika Resources (ASX:ARI) – formerly known as Metalicity – was up on news that assays received from a further 9 holes at the Pennyweight Point prospect within the Yundamindra gold project, have returned “further exceptional results”, such as 30m @ 2.36 g/t Au from 64m, and 23m @ 2.84 g/t Au from 53m. Arika currently holds an 80% stake in the project, alongside 20% stakeholder Nex Metals (ASX:NME).

Bastion Minerals (ASX:BMO) was up after announcing that it has secured the services of Canadian Northwest Territories geological experts Aurora Geoscience to prepare an exploration plan to follow up historical work and gain a better understanding of a “large >520m long mineralised quartz vein” identified by previous owners Mariner Mines, during previous exploration that intersected grades up to 18.4% Cu.

LAGGARDS

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

Code	Company	Price	%	Volume	Market Cap
EEL	Enrg Elements	0.002	-33.3	5,028,466	$3,135,048
FAU	First Au	0.001	-33.3	43,180	$2,717,990
WEL	Winchester Energy	0.001	-33.3	1,100,000	$2,044,528
RIM	Rimfire Pacific	0.056	-29.1	4,082,699	$181,323,518
NRZ	Neurizer	0.003	-25.0	288,354	$8,724,477
IXU	Ixup	0.014	-22.2	2,328,617	$27,859,547
DTR	Dateline Resources	0.005	-16.7	397,999	$14,968,079
LML	Lincoln Minerals	0.005	-16.7	106,666	$12,337,557
AJL	AJ Lucas Group	0.007	-12.5	1,144,189	$11,005,837
NXD	Nexted Group	0.11	-12.0	107,272	$27,689,597

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: Fresh assays and hitting the history books is what it’s all about today