CAPITAL MARKETS

Battery mineral hopefuls boosted

Nickel, lithium and cobalt juniors lead ASX market risers

Staff reporter

This article is 8 years old. Images might not display.

All 10 market risers gained 50% or more in a milestone week on the Australian sharemarket with the benchmark S&P/ASX200 index reaching a fresh 10-year high today of 6049.4.

Top mover and nickel hopeful Resource Mining Corp (AU:RMI) had no concrete reason to offer the ASX when queried on its price jump from A2.7c on Monday to 7.2c intraday on Tuesday.

"RMI is unware [sic] of any explanation for the recent trading, other than a general market interest in entities that have battery mineral resources," it said.

The company is maintaining its interest in the Wowo Gap nickel project in Papua New Guinea.

Pioneer Resources (AU:PIO) shot up after last week announcing it had started a drilling programme at its Pioneer Dome lithium-caesium-tantalum project in Western Australia.

Meanwhile Archer Exploration (AU:AXE) was busy, announcing plans to raise up to $2.25 million, finding rock chip samples grading up to 0.94% cobalt in maiden exploration at its Yarcowie project and progressing its graphite mining lease application in South Australia.

But the Pilbara's conglomerate possibilities did continue to attract investors, with Elysium Resources (AU:EYM) rising as it completed due diligence of its proposed acquisition of Hardey Resources and its Pilbara projects.

Impact Minerals (AU:IPT) also gained in the wake of raising $2.5 million, primarily for "low impact ground work" at its new Pilbara conglomerate-prospective gold project, along with ongoing work at its gold-silver-base metals project in New South Wales.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.

editions

Investor Sentiment Insights 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.