Market Wrap – ASX micro to mid-cap mining stocks
29 Oct 2014
Today’s best performer on ASX micro to mid-cap mining stocks was Elysium Resources Limited (ASX: EYM) up 40% to close at $0.007. The company has entered into an agreement with Horseshoe Metals Limited (ASX: HOR) to sell Exploration Licence E52/2569 located in the Gascoyne region of Western Australia. The conditions of the Agreement include a 30 day due diligence period and either company can execute or walk away, two 250m reverse circulation drill holes in Year 1 and A$100,000 or the issue of HOR shares to the value of A$100,000.
The worst performer of the day was Antipa Minerals Limited (ASX: AZY) down 43% to close at $0.004. The company is a copper and gold explorer with tenements covering highly prospective regions of the Proterozoic Paterson Province of Western Australia. The company had cash totalling $1.1m at the end of June 2014.
Resources Stocks to Watch is the leader in research on ASX micro to mid-cap mining stocks and commodities. We are independent and therefore not sponsored by the mining industry so we tell it like it is. Our research is written by experienced geologists and resources analysts, the experts in the field.