TMH Spotlight: ASX bounces back after 50-day low

The ASX jumped more than a per cent first thing this morning, off the back of a 50-day low.

All sectors have been trading up – top-performing stocks include Bellevue Gold (BGL) up more than 10.5 and De Grey Mining (DEG) by more than 5.5 per cent.

An update to graphite company Triton Minerals (TON) definitive feasibility study for its Ancuabe graphite project in Mozambique, sees the upfront capital costs reduced and predicts higher annual production.

The cap-ex is now expected to be $13 million lower, at about $135 million. The processing plant is expected to handle 1.2 million tonnes a year to produce about 70,000 tonnes of graphite

Triton Minerals is up nearly 3 per cent, trading at 3.5 cents.

The Centre of International Climate and Environmental Research will evaluate Altech Batteries’ (ATC) table salt-based CERENERGY battery technology.

The company has engaged the research organisation to conduct an external assessment in a bid to achieve green accreditation.

With German partner Fraunhofer Altech is focussed on breaking into the grid-storage market.

Altech Batteries has been trading up more than a per cent at 9.1 cents as of 1:20 pm AEST

Toubani Resources (TRE) is up more than 3 per cent on news it’ll begin updating its definitive feasibility study for the Kobada gold project this month.

The update from the 2021 DFS will study the potential of bulk tonnage oxide mining and processing operation at the project in Mali, West Africa.

TRE look to publish the update by the end of the year.

TRE was trading at 17 cents at 1:08 pm AEST.

Lithium producer Sayona Mining (SYA) has reported an expansion to its lithium footprint at the Moblan lithium project in northern Québec.

Drilling results have revealed a 750-metre extension to the flat-lying South Pegmatite system, with high-grade lithium mineralisation.

SYA gained more than 2.78 per cent to trade at 18.5 cents early trade.