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Three Aussie mining companies top-trending again today, with results from Utah in the States, rare earth-rich Araxá in Brazil, and Alice Springs back home all drawing attention across the Australian markets through Thursday.
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In this daily HotCopper Trends column, we break down the top three Aussie stocks each trading day, and why they’ve drawn a daily focus intraday.
American Tungsten and Antimony (ASX:AT4) has been the winner today, with the Australian-headquartered, Utah-aimed producer (a client with The Market Link, it’s worth mentioning) delivering its first antimony ingots.
This milestone “supports AT4’s strategy to progress ACP [the Antimony Canyon project] as part of a U.S. mine-to-metal critmins supply chain,” the company wrote.
While price action hasn’t been spectacular – AT4 shares sank -7.14% up to lunchtime Thursday – that’s mostly because the entire materials sector is taking a battering through Week 6 rather than any response to the news.
Elsewhere, Litchfield Minerals (ASX:LMS) has been drawing similar attention (and this is our Alice Springs-focused company, for those playing along). Litchfield has today reported strong copper and zinc assay returns.
What is particularly standout from the Oonagalabi Project results is that there are several broad, mineralised envelopes hosting stacked, higher-grade zones.
It’s enough to excite – and so, LMS is +19% higher.
The finally, to Brazil, where St George Mining (ASX:SGQ) has seen its latest diamond drill hole results confirm thick, high-grade mineralisation from surface. These results came back headlined by 135.2 metres at 3.37% TREO and 0.58% Nb₂O₅, including 38.8 metres at 4.4% TREO and 0.82% Nb₂O₅ from zero metres.
And then looking wider, the ASX has been down -0.1%.
That’s Wednesday’s HotCopper Market Trends, I’m Isaac McIntyre – see you for close.
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