Top 10 at 11: ASX climbs as energy stocks rocket higher
Morning, and welcome to Stockhead's Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading.
With the market opening at 10am sharp eastern time, the data is taken at 10.15am, once trading kicks off in earnest.
In brief, this is what the market has been up to this morning.
ASX climbs despite Wall Street pain
The ASX is rising in early trade, up 0.21% as of about 10:30 am AEST despite full percentage point falls in US markets overnight.
The energy sector is surging, up more than 6%, with strong support from the ASX 200 Resources sector, which is up 1.5%.
Oil prices surged 7% on Friday and have continued to rise, providing momentum for oil and gas and utility stocks. Santos (ASX:STO) is up over 12% after revealing it received a non-indicative binding proposal from a consortium led by the Abu Dhabi National Oil Company, granting due diligence on a potential $30bn cash takeover.
At $7.82, its shares are trading well below the $8.89 bid price, which represents a 28% premium to its last close of $6.96.
But uranium companies are also surging.
Deep Yellow (ASX:DYL), Paladin Energy (ASX:PDN), Boss Energy (ASX:BOW) and Bannerman Energy (ASX:BMN) have all hiked more than 10%.
WINNERS
Code Name Last % Change Volume Market Cap
BIT Biotron Limited 0.003 50% 370000 $2,654,492
PRM Prominence Energy 0.005 25% 289900 $1,556,706
TEM Tempest Minerals 0.005 25% 200000 $3,511,212
ICE Icetana Limited 0.051 24% 243958 $21,804,862
ATX Amplia Therapeutics 0.069 21% 9024299 $22,113,302
AR9 Archtis Limited 0.075 21% 338479 $17,853,963
AZL Arizona Lithium Ltd 0.006 20% 1726225 $26,351,572
RC1 Redcastle Resources 0.006 20% 1426639 $3,717,835
PGO Pacgold 0.077 18% 524013 $9,940,387
AON Apollo Minerals Ltd 0.007 17% 12300 $5,570,741
In the news...
Tempest Minerals (ASX:TEM) reckons it's sitting on an exceptional iron ore development at the Yalgoo project's Remorse deposit, after some recent metallurgical test work produced iron ore concentrate grading at 70% iron content.
In a rare win for patients with advance pancreatic cancer, Amplia Therapeutic's (ASX:ATX) ACCENT trial has achieved a pathological complete response, meaning there were no signs of cancer in the patient's tissue after it was surgically removed.
The company was investigating the use of its FAK inhibitor narmafotinib in combination with standard-of-care chemotherapies gemcitabine and Abraxane in patients with metastatic pancreatic cancer.
A contract with the US Department of Defense has turned heads for archTIS (ASX:AR9), after the company locked in a deal to deploy its NC Protect secure software collaboration solution to an initial 1000 users.
AR9 expects to expand to the full DoD network in the coming months, with potential to expand its user base 6-fold. The initial license sale carries a value of $38,500.
Redcastle Resources (ASX:RC1) has inked a memorandum of understanding with a contract miner to manage mining works at the Queen Alexandra and Redcastle Reef projects on a profit-sharing basis.
The agreement covers gold mineralisation down to 70m of depth, with Redcastle retaining rights to the mined gold and control of downstream transportation and processing.
Pacgold (ASX:PGO) has hit more broad, shallow gold at the Alice River gold project, with RC drilling producing up to 48 metres at 2.1 g/t gold from 76 metres, and higher-grade intersections of 15m at 5g/t and 2m at 29 g/t gold.
LAGGARDS
Code Name Last % Change Volume Market Cap
PRX Prodigy Gold NL 0.001 -50% 250000 $6,350,111
RAN Range International 0.001 -50% 450000 $1,878,581
RLC Reedy Lagoon Corp. 0.001 -50% 85604 $1,553,413
AUH Austchina Holdings 0.001 -33% 328 $4,538,075
FTC Fintech Chain Ltd 0.002 -33% 17241 $1,952,309
SFG Seafarms Group Ltd 0.001 -33% 75000 $7,254,899
GLE GLG Corp Ltd 0.1 -23% 59324 $9,633,000
CTN Catalina Resources 0.004 -20% 5108813 $12,130,095
ENT Enterprise Metals 0.002 -20% 143661 $2,953,293
EQX Equatorial Res Ltd 0.13 -19% 4000 $21,031,256
At Stockhead, we tell it like it is. While Redcastle Resources is a Stockhead advertiser, it did not sponsor this article.
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The testing success reported on June 13 has seen shares climb 40% to 1.4c before closing 20% higher at 1.2c. 'Over the past 10 days, we've successfully applied the same testing protocols to the Ema mineralisation that delivered exceptional laboratory results throughout 2024 and early 2025,' managing director Andrew Reid said. 'Encouragingly, the pilot field trial has confirmed that permeability rates are not only consistent with lab data but, in many cases, even better. 'In recent days, we've also achieved a significant technical milestone — lowering the in-situ pH to levels that demonstrate clear migration of magnesium sulphate through the clay layers to the extraction wells. 'This is a critical step, as it indicates rare earth elements are now at a stage where they can be effectively ionically leached into solution.' He added that the WSP Brazil controlled and supervised independent field trial had further validated the company's confidence in the simplicity and effectiveness of the ISR process. Ema hosts one of the world's largest ionic clay rare earth deposits with a resource of 943Mt at 716 parts per million total rare earth oxides. It includes a starter zone of 341Mt with high-value magnet rare earths, used to make permanent magnets for advanced technology like electric vehicle batteries, wind turbines and particle accelerators. Trigg Minerals (ASX:TMG) (Up on no news) A number of ASX-listed companies are seeking to take advantage of positive sentiment toward critical minerals in the US, including Trigg Minerals, which has reached 8.5c, an increase of 14.9% on the previous close. Investors welcomed two positive announcements from the company last week centred on the Antimony Canyon project in the US. Firstly, the company confirmed multiple zones of massive stibnite mineralisation at the Utah project with initial field mapping pointing to several zones of massive stibnite mineralisation at the Emma and Mammoth deposits. The results highlight the project's potential as one of the highest grade and significant antimony projects in the US and bode well for Trigg as it pursues its strategy to become a key domestic supplier of critical minerals. Antimony is considered a critical mineral by the US government due to its military and industrial applications. It's used in missiles, flame retardants, renewable energy, defence and other high-tech industries. Later in the week, Antimony metallurgist David Fourie joined the Trigg Minerals (ASX:TMG) team as a technical advisor for its net zero antimony strategy, centred on Antimony Canyon. Fourie played a central role in the design and ESG elements of the first 'clean plant' antimony smelter built by SPMP to European environmental standards in Oman. SPMP is the largest antimony roaster outside of China, set to produce 20,000 tonnes of antimony products a year once the smelter reaches full capacity. Resolution Minerals (ASX:RML) Another increasing its focus on the US in line with that country's push to establish a domestic critical minerals supply chain, Resolute Minerals hit a new 12-month high of 5c, climbing 43% on the previous close on volume of more than 131m. The latest move to reach a massive investor base in the US sees the company's intended listing on the OTCQB Markets nearing completion. Resolution expects to increase its visibility, liquidity and accessibility for North American investors and hopes to stoke the interest of an investor base similar to NASDAQ-listed Perpetua Resources. Perpetua's ~A$2 billion Stibnite antimony-gold project with a resource of 4.8Moz gold and 148Mlb antimony shares its western boundary with RML's newly acquired Horse Heaven antimony-gold-tungsten project in Valley County, Idaho. Resolution Minerals (ASX:RML) also expects the dual listing will provide a stronger US presence for potential US Department of Defense funding as antimony is classified as a critical mineral, potential fast-tracking of Horse Heaven and a stepping stone to a potential NASDAQ listing. 'Listing on the OTCQB Market is a strategic move that aligns with our vision of becoming a globally recognised developer of what we believe will become a major antimony, gold and tungsten deposit in the United States,' executive director Aharon Zaetz said. Kairos Minerals (ASX:KAI) (Up on no news) Simon Lill-led Kairos Minerals holds the 1.4Moz Mt York gold deposit, the largest undeveloped, free-milling gold project in the Tier-1 Pilbara region of WA with mineralisation defined over 3km within a large, single optimal pit shell. The company's experienced technical team is confident that the gold deposit, hosted in banded iron formation (BIF), will grow significantly now that Kairos has access to an additional 1,500m of well-mineralised strike extension of the Main Trend geology from neighbours Pilbara Minerals. The company reached a two-year high of 3.2c, an increase of 23.1%. Its had no formal news since May 23 BUT did get a write-up from our mining maestro Barry FitzGerald over the weekend. Check out his Garimpeiro column here. The Mt York resource base of 43.08Mt at 1.0 g/t gold includes a higher-grade component of 14.6Mt at 1.6 g/t for 751,000oz. Plans to make Mt York a super-pit project are underway. The discovery of spodumene-bearing pegmatites at Mt York coupled with a lithium-caesium-rubidium soil anomaly at the Roe Hills project near Manna lithium deposit in the Goldfields, offer further potential significant value drivers. Roe Hills, which is around 120km east of Kalgoorlie, holds rare earth element potential after exploration confirmed a discovery called Black Cat. There is also gold potential undercover at this discovery.
