Winners and Losers: Gains for miners as Micro-X tumbles again
Terramin and Core Lithium both rose last week, but X-ray imaging scaleup Micro-X took a tumble following a divestment from investment management firm Perennial Value Management.
It was a mixed bag by sector in the top five Winners this week, with Terramin rising by nearly 14 per cent as well as fellow miner Core Lithium which cracked the top five.
Tech company Aerometrex landed the number two spot, while transport firm Kelsian and Elders rounded out the top five.
Of the losers, Micro-X hit number one after investment management firm Perennial Value Management sold off approximately 1 per cent of its shareholding.
It was followed by AML3D which dipped by 9.30 per cent, Archer Materials, miner Centrex and Argonaut Resources.
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This weeks’ list comes as Core Lithium this morning announced an upgrade to the estimate of lithium potentially available at its mine in the Northern Territory.
It said today the total current mineral resources estimate at Finnis was 35 per cent higher than it previously thought, giving CEO Gareth Manderson extra confidence.
“Increasing the confidence in the BP33 resource is a significant step in the progress of the feasibility study and supports the development of the BP33 mine plan,” Manderson said.
“These results, which include a higher proportion of the measured and indicated resource category can now be considered for conversion to BP33 reserves.
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“The early works program and the construction of the covered box cut is progressing well. We remain on schedule to make a final investment decision for BP33 in early 2024.”
The top five Winner and Losers for the week ending 13 October were:
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