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News.com.au
05-08-2025
- Business
- News.com.au
Who made gains in July? Here are the top ASX resources winners
Top commodities for July include gold and manganese Santa Fe Minerals takes top spot for the biggest monthly stock gain Falcon Metals and Black Canyon Resources also make the podium Gold, copper and rare earths stocks stole the resources spotlight in June with the biggest individual gainer being Santa Fe Minerals (ASX:SFM), up a whopping 739%. This is thanks to the precious metal player announcing it acquired the Eburnea gold project in Cote d'Ivoire from Turaco Gold (ASX:TCG) last month. TCG is now a $520 million explorer thanks to its bet on the land of Didier Drogba and Yaya Toure (Kolo as well), which has emerged as the premier jurisdiction for new entrants into West Africa after military coups in Mali and Burkina Faso. SFM will be itching to follow in the footsteps of Eburnea's vendor Turaco, having plenty of work on its hands at the 3.55Moz Afema gold project. Historic drilling includes 26m at 4.82g/t and 30m at 1.92g/t at different points along a 2km mineralised zone in the Satama permit. SFM, which is raising $1.2m at 5c per share, is also picking up a 65% share in the Bouake North application, 35km from Endeavour Mining's 3Moz Lafigue gold mine. Stay tuned to see if the company could follow a similar trajectory to Many Peaks Minerals (ASX:MPK), which has had similar success at Ferke project. Not to mention, gold is still sitting pretty high at US$3348.90 at the time of writing - giving explorers a nice confidence boost. Plus gold prices are tipped to go even higher by Canadian global asset manager Fidelity who believe the precious metal could be testing the US$4000/oz mark by the end of this year. This scenario could play out if the Federal Reserve begins to cut rates and the US dollar continues to decline. For ASX gold players, though, what's important is that gold soared in the first four months of this year and has remained elevated within a relatively narrow band since then, a point that has proven beneficial to the bottom lines of the producers while giving certainty to the explorers. Gold in second, manganese in third Precious metals explorer Falcon Metals (ASX:FAL) was up a respectable 216% for the month, after making a high-grade gold discovery late last week from the Blue Moon prospect on the outskirts of the Bendigo gold zone. The Bendigo region has delivered 22Moz of gold since the gold rush, including 5.2Moz at 15g/t from the Garden Gully Anticline. Mark Bennett chaired Falcon thinks Blue Moon is sitting to the north of that trend on the Eastern Limb of the anticline, with visual gold and a deep hit of 1m at 543g/t from 544.2m. And finally, Black Canyon (ASX:BCA) saw a 169% jump last month after a high-grade manganese discovery at the Wandanya project piquing the interest of fund managers like Lowell Resources Fund (ASX:LRT) chief investment officer John Forwood. Forwood says Wandanya has some similarities to Woodie Woodie, which sits just 80km to the north. But it has some key differences. One of those is the high strip ratio the vintage Woodie Woodie mine now operates at. 'Whereas Wandanya in the grade could be similar, the strip ratio is almost definitely going to be very low. It could be less than five to one, so mining costs should be pretty attractive,' he told Stockhead. Grades from drilling at Wandanya have clocked in at between 29-31% Mn, well above those seen in the Balfour field. There's also a high grade hematite iron ore zone sitting above the manganese horizon, with Hole WDRC057 from the most recent RC drill program there striking an intersection of 12m at 60.1% Fe from 5m including 7m at 64.2% Fe from 7m. BCA said the results supported the logging of high-grade iron mineralisation over hundreds of metres of strike, remaining open to the north. 'It could have some pretty attractive economics, particularly as it looks like there is a high-grade iron ore zone which might fall partly within the same pit as the high-grade manganese zone,' Forwood said. 'Your waste-stripping ratio comes right down if some of that non-manganese material is actually high-grade iron ore and you might end up with an extremely low operating cost after byproduct credits.' Most popular commodities in July: Here are the top 50 ASX resources stocks for the month of July Code Company Price % Month Market Cap SFM Santa Fe Minerals 0.26 739% $18,932,885 FAL Falcon Metals 0.49 216% $87,003,080 BCA Black Canyon Limited 0.3225 169% $42,883,795 ASN Anson Resources Ltd 0.12 161% $166,408,385 ALR Altair Minerals 0.005 150% $21,483,721 PLG Pearl Gull Iron 0.015 150% $3,068,127 DY6 DY6 Metals 0.26 136% $23,759,499 VMM Viridis Mining 1.11 136% $95,704,572 PEC Perpetual Resources 0.027 125% $23,577,162 CMG Critical Mineral Group 0.18 125% $16,297,985 CUF Cufe Ltd 0.011 120% $14,812,324 G50 G50 Corp Ltd 0.29 115% $46,573,321 I88 Infini Resources Ltd 0.17 105% $8,902,903 AS2 Askari Metalsl 0.011 100% $4,445,878 QXR Qx Resources Limited 0.004 100% $5,241,315 AOA Ausmon Resorces 0.002 100% $2,622,427 CR9 Corellares 0.004 100% $4,029,079 PUA Peak Minerals Ltd 0.063 97% $183,161,241 EVG Evion Group NL 0.033 94% $14,352,359 AUG Augustus Minerals 0.042 91% $7,137,750 BHM Broken Hill Mines 0.4 90% $43,037,158 BDG Black Dragon Gold 0.086 87% $27,345,081 LAT Latitude 66 Limited 0.043 87% $6,166,230 RRR Revolver Resources 0.057 84% $15,747,633 PGD Peregrine Gold 0.275 83% $23,333,129 PFE Pantera Lithium 0.02 82% $9,475,674 FRS Forrestania Resources 0.145 81% $45,098,252 AR3 Austrare 0.092 77% $19,538,420 LRD Lord Resources 0.03 76% $4,650,061 FRB Firebird Metals 0.13 73% $18,506,982 LSR Lodestar Minerals 0.019 73% $7,554,219 BMM Bayan Mining and Minerals 0.06 71% $6,552,324 SVY Stavely Minerals Ltd 0.017 70% $9,248,716 GBE Globe Metals &Mining 0.044 69% $30,564,732 KCC Kincora Copper 0.067 68% $15,756,731 ALB Albion Resources 0.092 67% $12,137,867 PXX Polarx Limited 0.01 67% $23,755,010 CRR Critical Resources 0.005 67% $13,850,427 CZN Corazon Ltd 0.0025 67% $2,961,431 ODY Odyssey Gold Ltd 0.03 67% $33,125,801 IXR Ionic Rare Earths 0.02 67% $112,707,150 LLM Loyal Metals Ltd 0.215 65% $22,227,359 MEG Megado Minerals Ltd 0.038 65% $24,535,964 JAL Jameson Resources 0.084 65% $59,564,847 AM7 Arcadia Minerals 0.028 65% $3,286,736 AGY Argosy Minerals Ltd 0.028 65% $43,005,786 LMG Latrobe Magnesium 0.014 65% $36,844,806 BPM BPM Minerals 0.041 64% $3,579,313 PVW PVW Res Ltd 0.018 64% $3,580,286 SRL Sunrise 1.31 63% $153,199,733 Small cap standouts Anson Resources (ASX:ASN) Last month the company shipped two tonnes of lithium-rich Green River brine to POSCO in South Korea as part of due diligence for a planned demonstration plant. The brine, which is iron-free and processed using a non-chemical method, will be tested for lithium extraction efficiency to help shape initial engineering and cost estimates. Results will be used by POSCO to prepare initial engineering design and cost estimates for the planned demonstration plant to be built at the Green River project in the US. This testwork is a part of the due diligence process POSCO is undertaking to determine an investment into a demonstration plant at Green River which is expected to be completed by December 2025 as outlined in the non-binding MoU signed between the companies. This bulk sample includes iron-free brine produced by Anson's unique chemical-free process. The pretreatment process to reduce iron prior to being fed into the DLE processing was developed at Anson's Lithium Innovation Center in the USA. The planned demonstration plant is a scaled-up version of a pilot plant to validate a new industrial process at a larger, commercially relevant scale before full-scale construction. This demonstration plant will operate on a continuous process basis to closely resemble that of the anticipated future commercial plant as well as generating significant quantities of lithium carbonate product. The company has applied for three more exploration licences that would increase its landholding at the Central Rutile project in Cameroon to a massive 5901sqkm. Notably, the Biyan licence is next to the Nganda and Bounde permits where DY6 recently reported both visible HM mineralisation as well as large (2-4cm) rutile nuggets within residual regolith samples. The Nlong licence is immediately west of the Alamba and Nsimbo permits, which are seen as along trend from recently reported high-grade results from Peak Minerals' Afanloum licence. And the Ayene licence is to the southwest of the recently acquired Weaver group of licences. 'DY6 has been able to move quickly in securing additional ground in what we continue to see as an emerging globally significant rutile province,' CEO Cliff Fitzhenry said. 'The recently announced systematic soil sampling program will be expanded to include the new licence applications. 'We are keen to further expand our footprint at the Central Rutile project where we see the right ingredients for prospective residual natural rutile deposits, being correct underlying geology, a deep in-situ weathering profile and strategically located.' Viridis Mining and Minerals (ASX:VMM) Last month VMM signed a landmark binding Memorandum of Understanding (MOU) with two of Brazil's foremost asset management firms, ORE Investments and Régia Capital, securing up to US$30 million (A$46m) in non-brokered private share placement funding for the rapid development of its flagship Colossus rare earth project in Brazil. The partnership establishes a flexible, milestone-based funding structure to support the company through Final Investment Decision and into the initial phase of project execution. MD Rafael Moreno said the MOU significantly de-risked the pathway to production, 'while designed to provide funding flexibility to accelerate progress'. 'Importantly, the structure allows Viridis to retain full optionality around additional funding sources,' he said. 'The involvement of ORE and Régia brings more than just capital. Both firms are deeply embedded within the Brazilian investment and mining landscape and bring significant strategic value in navigating regulatory frameworks, managing local stakeholder engagement, and unlocking logistical and operational synergies. 'Their endorsement validates the technical and economic fundamentals of the Colossus project, and their local insight and financial networks will be instrumental in accelerating the permitting, project financing, infrastructure buildout, and development stages of the project.'
News.com.au
03-07-2025
- Business
- News.com.au
Resources Top 5: Santa Fe jumps five-fold on Côte d'Ivoire gold acquisition
Santa Fe Minerals is acquiring the Eburnea gold project in Côte d'Ivoire Bendigo-style mineralisation has been confirmed in the first diamond hole at Blue Moon prospect in Victoria Drilling is about to start in Sipa Resources' maiden campaign at Tunkillia North and Nuckulla Hill gold projects Your standout small cap resources stocks for Thursday, July 3, 2025 Santa Fe Minerals (ASX:SFM) Santa Fe Minerals (ASX:SFM) jumped more than five-fold to a three-year high of 16c after executing a deal to acquire the Eburnea project in Côte d'Ivoire from Turaco Gold (ASX:TCG). Binding share purchase agreements will give SFM 100% of the Satama permit covering 168.7km2 and up to 90% of the Bouake North application covering 380.8km2 once granted. Satama has shown promise, with hits like 26m at 4.82g/t gold, and sits on a 2km-long mineralised zone with plenty of room to grow as geophysical surveys and historical results suggest there are multiple repeat parallel zones. The deal for the under-application Bouake prospect, which lies 35km from Endeavour's 3Moz Lafigue mine (3Moz at 2.0 g/t), will see SFM acquire 65%, with the right to increase to 80% upon granting and an option to further increase to 90%. Satama and Bouake North have been explored for gold via soil and auger geochemistry, geophysics and several phases of aircore and RC drilling. Drilling has identified multiple gold mineralised zones that have good potential to define significant resources with additional exploration. At Satama, most of the drilling in the Main Zone has been within the shallow oxide zone, however, some deeper holes show good continuation of mineralisation into fresh rock. West of the Main Zone geophysics and geochemistry identified several sub-parallel mineralised zones with strike lengths of up to 3km. These have only been lightly drilled and are confirmed by strong shallow intersections in aircore drilling and remain priority targets. Exploration at Bouake North comprising auger drilling has defined collectively 6km strike of +100ppb gold. To fund the move, Santa Fe has secured $1.2 million at 5c a share, a 61.3% premium to the last closing price, all subject to shareholder and ASX sign-off. The sale is consistent with Turaco's focus on the development of the Afema gold project in southern Cote d'Ivoire and follows divestments of other non-core permits to Many Peaks Minerals, Aurum Resources, Awale Resources and Fortuna Mines. Falcon Metals (ASX:FAL) Falcon Metals is parked at the doorstep of the world-class 22Moz Bendigo Goldfield with the Blue Moon prospect in central Victoria and is revving up its engine after confirming Bendigo-style mineralisation in the first diamond hole. The hole intersected several narrow high-grade gold-bearing quartz lodes and returned 2.2m at 6.5g/t gold from 41.2m, including 0.3m at 39.2g/t from 41.2m; and 2.4m at 8.4g/t from 600m, including 0.3m at 48.7g/t from 600m and 0.3m at 18.2g/t from 602.1m. There may be more to come as FAL has only received partial results. Investors welcome the early success with shares reaching 21.5c, an increase of 38.71% on the pre-trading halt close on June 30. The hole targeted the interpreted northern down-plunge continuation of the Garden Gully anticline trend, at the previously undrilled Blue Moon target area. Garden Gully anticline was the most productive in the Bendigo Goldfield and is estimated to have produced 5.2Moz at 15g/t from areas where the more prospective parts of the sequence outcropped or were close to the surface. The new results and the presence of visible gold from the first hole have confirmed the conceptual target and provide good vectors for wedge holes to test for wider zones of mineralisation closer to the fold hinge. 'This is an exciting start to the drill program, intersecting high-grade veins in our first hole in the east limb of the anticline,' Falcon Metals' managing director Tim Markwell said. 'The recognition of Bendigo-style mineralisation with visible gold proves our concept that the high-grade Bendigo lodes plunge into Falcon tenure and provides encouragement to drill wedge holes, in order to track these zones closer towards the fold hinge, where they are usually thickest.' Remaining assays for the hole are expected to be received in the coming weeks and given results from thus far, the rig has started a wedge hole to test targets T552, T600 and T643 closer to the fold hinge. Shallower targets will be tested by a new hole from surface. SIPA Resources (ASX:SRI) Drilling is about to start in Sipa Resources' maiden campaign at the new Tunkillia North and Nuckulla Hill gold projects in South Australia and shares reached 1.7c, a lift of 21.43%. RC drilling will start next week and the initial aim is to infill and extend previously identified gold mineralisation at Bimba and Sheoak prospects within Nuckulla Hill, which is in the same shear zone that hosts Barton Gold's (ASX:BGD) 1.6Moz Tunkillia deposit. The two projects were acquired in December 2024, host multiple advanced and large-scale prospects and cover ~40km of the Yarlbrinda shear zone – a 150km long and 12km wide structure analogous to the major Kalgoorlie Shear Zone in WA. While exploration is still in its early phases, evidence has emerged that the Yarlbrinda Shear Zone extends from Barton's Tunkillia deposit into Nuckulla Hill. Both projects also host rock types similar to those at Barton's deposit. WIA Gold (ASX:WIA) Positive results have been fielded from 33 RC drill holes and 11 diamond holes in a 11,192m campaign by Wia Gold (ASX:WIA) to upgrade and expand the 2.12Moz Kokoseb Gold Project in Namibia. In Southern Zone RC drilling returned up to 50m at 12g/t Au from 188m, including 1m at 528g/t, and this is the most significant gold intercept returned to date at Kokoseb. Other results were 24m at 2.42g/t Au from 100m, 23m at 2.36 g/t from 92m and 27m at 2.34 g/t from 123m. At Central Zone drilling extended the high-grade shoot with an unconstrained intercept of 118.3m at 1.46g/t Au while infill drilling returned 28m at 1.57g/t from 9m and 33m at 1.47g/t from 87m. Diamond drilling at Central extended the high-grade shoot a further 200m down plunge and returned 9.7m at 4.66g/t Au from 477.9m, including 5.1m at 7.40g/t, and 5.7m at 5.82 g/t from 493.2m. All zones remain open at depth and along strike with all new assays to be included in an MRE update which remains on track to be released in July. Despite volatile met coal prices and markets, Coronado Global Resources is moving ahead, being 29.63% higher to a daily high of 17.5c. A number of moves have been made in the past month to support liquidity including a refinanced debt facility with private equity firm Oaktree Capital Management and up to US$150m in additional liquidity from Stanwell Corporation in exchange for thermal coal supply of up to 800,000tpa over five years from 2027. On July 3 in response to media speculation suggesting that it is in discussions with certain parties about a sale of assets or the business, CRN confirmed to the ASX: 'The company has engaged in discussions with certain counterparties about a potential sale of a minority interest in certain assets but has not received any binding proposal from any party and has not made any decision as to whether it will proceed with a sale or any other form of transaction.'
