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Who Made the Gains? Here are October’s top ASX miners and explorers
In October, WA1 Resources (ASX:WA1), comfortably 10-bagged (gained +900%) over 5 glorious sessions. We haven’t seen that since August 2021. … Read More
The…
Thirteen resources companies made gains of 100% or more in August, which now seems like an aberration in a fairly weak H2 for metals stocks, sans lithium.
Just two explorers made gains of 100% or more in October, which is on par with September (1), June (1), and July (3).
Of course, one of these October winners, WA1 Resources (ASX:WA1), comfortably 10-bagged (gained +900%) over five glorious sessions.
Which puts it in rarefied air.
Over the course of 2022 no other resources stock has been able to 10-bag in any given month, according to our dubious research.
The next best for 2022 was Tempest Minerals (ASX:TEM) which leapt 639% back in March for much the same reason: a potential discovery.
In fact, you have to go all the way back to August 2021 to find a resources 10-bagger in Kuniko (ASX:KNI).
Amazing effort.
(Read our in-depth analysis of October’s best and worst performing metals here.)
Here’s a breakdown of the five most popular commodities for September:
Here are the top 50 ASX resources stocks for the month of October >>>
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop.
| CODE | COMPANY | PRICE | % MONTH [OCT01-NOV01] | MARKET CAP | COMMODITY FOCUS |
|---|---|---|---|---|---|
| WA1 | WA1 Resources | 1.99 | 1184% | $36,003,409 | niobium, rare earths, copper, gold |
| SGQ | St George Mining | 0.077 | 117% | $49,701,264 | nickel, lithium |
| CY5 | Cygnus Gold | 0.48 | 78% | $72,109,898 | lithium |
| AZS | Azure Minerals | 0.295 | 74% | $69,915,537 | nickel, copper, cobalt, lithium |
| PBL | Parabellum Resources | 0.45 | 70% | $24,625,125 | rare earths |
| KOB | Koba Resources | 0.21 | 68% | $11,050,000 | cobalt, copper, lithium |
| A1G | African Gold | 0.097 | 63% | $12,794,339 | gold |
| CNR | Cannon Resources | 0.435 | 61% | $33,505,389 | nickel |
| TIE | Tietto Minerals | 0.7 | 61% | $755,669,243 | gold |
| LEL | Lithium Energy | 1.125 | 60% | $66,766,500 | lithium |
| DCN | Dacian Gold | 0.14 | 54% | $170,352,131 | gold |
| C29 | C29Metals | 0.22 | 52% | $6,887,620 | lithium, copper, gold |
| GSN | Great Southern | 0.05 | 52% | $29,004,521 | gold, nickel |
| GBZ | GBM Resources | 0.057 | 50% | $29,157,122 | gold |
| RFR | Rafaella Resources | 0.045 | 50% | $15,821,652 | nickel, copper, PGE, tin, tungsten |
| HMG | Hamelin Gold | 0.17 | 48% | $15,950,000 | gold |
| RB6 | Rubix Resources | 0.155 | 48% | $4,057,500 | copper, zinc, lead |
| DNK | Danakali | 0.38 | 46% | $139,967,051 | potash |
| ENR | Encounter Resources | 0.175 | 46% | $52,668,867 | copper, gold, rare earths |
| QXR | Qx Resources | 0.065 | 44% | $53,793,602 | lithium, gold |
| NWM | Norwest Minerals | 0.052 | 44% | $9,550,618 | copper, gold, lithium, rare earths |
| E25 | Element 25 | 1.075 | 42% | $161,978,991 | manganese |
| MRL | Mayur Resources | 0.155 | 41% | $39,997,348 | industrial products, vanadium, mineral sands |
| AKN | Auking Mining | 0.12 | 40% | $13,609,753 | uranium, copper, gold |
| AS2 | Askari Metals | 0.43 | 39% | $21,215,822 | lithium, copper, gold, silver |
| HMX | Hammer Metals | 0.069 | 38% | $52,483,792 | copper, gold |
| WR1 | Winsome Resources | 0.52 | 37% | $62,828,007 | lithium |
| SXG | Southern Cross Gold | 0.375 | 36% | $22,725,904 | gold, antimony, silver, copper |
| QPM | Queensland Pacific | 0.17 | 36% | $285,493,958 | nickel, cobalt |
| BRB | Breaker Resources | 0.285 | 36% | $91,235,460 | gold |
| OBM | Ora Banda Mining | 0.081 | 35% | $104,541,977 | gold |
| BUR | Burley Minerals | 0.185 | 32% | $6,692,995 | iron ore, nickel, copper, cobalt, PGE |
| EUR | European Lithium | 0.1 | 30% | $131,425,765 | lithium |
| GLN | Galan Lithium | 1.55 | 30% | $462,946,219 | lithium |
| POL | Polymetals Resources | 0.2 | 29% | $8,030,625 | gold |
| BEM | Blackearth Minerals | 0.105 | 28% | $27,495,903 | graphite |
| QML | Qmines | 0.185 | 28% | $15,590,577 | copper, gold |
| SFX | Sheffield Res | 0.51 | 28% | $175,026,715 | mineral sands |
| MI6 | Minerals260 | 0.33 | 27% | $72,600,000 | copper, gold, nickel, PGE |
| CBE | Cobre | 0.165 | 27% | $32,593,510 | copper |
| ARN | Aldoro Resources | 0.285 | 27% | $33,176,195 | lithium, rubidium |
| CZL | Consolidated Zinc | 0.024 | 26% | $11,573,036 | lithium, zinc, lead, silver |
| ALY | Alchemy Resources | 0.034 | 26% | $38,711,516 | gold, lithium |
| NVA | Nova Minerals | 0.81 | 26% | $127,644,586 | gold |
| C6C | Copper Mountain | 2.17 | 25% | $34,874,624 | copper |
| AAJ | Aruma Resources | 0.07 | 25% | $10,987,305 | gold, lithium, rubidium |
| CLE | Cyclone Metals | 0.0025 | 25% | $12,233,474 | lithium, iron ore, copper, rare earths |
| KFE | Kogi Iron | 0.005 | 25% | $6,528,311 | iron ore |
| RNX | Renegade Exploration | 0.0075 | 25% | $6,241,786 | copper, gold |
| GT1 | Greentechnology | 0.94 | 25% | $178,340,397 | lithium |
October Top ASX Resources Stocks
WA1 RESOURCES (ASX:WA1)
On a Wednesday October 26 the share price of $3m market cap explorer WA1 jumped a barely believable 420%.
Why the rocket? WA1 hit thick, high-grade niobium in its first hole in a remote, lightly explored, but highly mineralised region on the WA/NT border.
Niobium is mainly used to make steel better, but also has growing uses in lithium-ion batteries, intelligent glass, solar panels, 5G tech, and nuclear energy.
Ferroniobium metal (65% Nb) currently sells for ~US$45,000/t.
WA1’s only drillhole into the P2 target at the West Arunta project in WA – and only the second in the region — pulled up 54m at 0.62% niobium, 0.18% rare earths and 3.85% phosphorus from 162m.
The 216m-long hole ended in 2m at 1.22% Nb2O5, 0.22% TREO, and 5.73% P2O5.
Furthermore, because WA1 was hunting for deep IOCGs (iron oxide copper gold deposits) they didn’t assay the top +70m of the hole.
Managing director Paul Savich told Stockhead the highest-grade stuff in a lot of rare earths deposits is in the weathered material at the top.
Punters poured into the stock, and kept pouring. WA1 is now worth almost $60m.
Special mention goes to neighbouring explorers Encounter Resources (ASX:ENR) and Norwest Minerals (ASX:NWM), up 46% and 44% respectively for the month.
WA1, ENR, NWM share price charts
The post Who Made the Gains? Here are October’s top ASX miners and explorers appeared first on Stockhead.
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