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Flashpoint - Edition #36

While one WA rare earths explorer charged up the boards with some big drill hits in the Wheatbelt region, elsewhere it was mostly much of the same with lithium, lithium and lithium dominating the ASX market.


Tim - Here's Steve Butler with the ASX Runners of the Week

Tim - Thanks to Liquidity ... for sophisticated investors

Steve Butler - Thanks Tim

Steve Butler - Well, Codrus Minerals struck a note for rare earths when it jumped 73 per cent after revealing some tantalising drill assays at its Karloning project in WA’s Wheatbelt.

Steve Butler - Its stock went from 7.8c to 13.5. But – not that it’s a great surprise – lithium dominated the market … again. 

Steve Butler - Juno Minerals jumped 86 per cent to reach 14c after closing last week at just 7.5.  

Steve Butler - The company had no new news on the market, but questions are obviously lingering on whether it is sitting on a lithium haul near its Mount Ida magnetite project.

Steve Butler - Bubalus Resources, a company named after a water buffalo, stampeded 93 per cent to stand at 28c after latching onto a lithium project in WA's emerging Gascoyne region.

Steve Butler - And what about Wildcat Resources. It prowled its way up the boards to pounce on a 104 per cent gain, up from 24c to 49 in just one week on the back of – yep, you guessed it – a significant high-grade lithium discovery in the Pilbara.

Steve Butler - Punters who got in early there will be smiling like the cat who got the cream.


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