Hello everyone, great to have your company on Kalkine TV. I'm Sage and you’re watching
Buzzing Trends. Today we are going to explore ASX-listed Battery Metal Stocks that gave
over 100% year-to-date gains as of last week.
The Australian equities were trading lower during the afternoon session as the benchmark
index S&P/ASX200 dropped 28.10 points or 0.39%. Sectors are mixed. 8 of 11 sectors
are lower today along with the S&P/ASX 200 Index. Energy is the best performing sector,
gaining 1.65% today and 5.67% for the past five days. With the ‘Green Energy’ theme
echoing across the world, shares of battery metals companies have increasingly come on
investors’ radar. The battery and electrification firms have gained handsomely in the recent
past as governments and automakers find ways to boost supply chains for raw materials.
Amid the increasing demand for battery metals, investors can look at opportunities in copper,
nickel, lithium, and cobalt producing stocks. On this note, let’s discuss why these five
ASX-listed battery metals shares rose 100% or more on a year-to-date basis.
First on the list. Galileo Mining is focused on the discovery of base metals in Western
Australia. The company is currently exploring large-scale magmatic nickel-copper deposits
in the Fraser Range and high-grade nickel-copper-cobalt resources at its Norseman project. Galileo
Mining stock has returned just over 545% on a year-to-date basis as of last week. The
miner’s shares are in focus ever since it announced a major palladium-platinum-base
metals discovery at the Norseman project. It also discovered rhodium, which is considered
as one of the rarest and most valuable precious metals globally. Galileo Mining was trading
lower during the afternoon session at AU$1.64 down by 7.87%.
Next up. Latin Resources is a mineral exploration company with projects in Latin America and
Australia. Its shares have returned 230% on a year-to-date basis as of last week. The
rally in Latin Resources shares seems to have been on the back of regular high-lithium discoveries
at its Salinas project. According to the company, the first assay results from the initial two
drill holes at the ‘Southern Target’ area of the Salinas project in March confirmed
a potential new high-grade lithium discovery. Latin Resources was trading lower during the afternoon
session at 9.1 cents down by 5.21%.
Moving on. Essential Metals is a mineral explorer with multi-commodity tenement portfolio strategically
located within 200 km of Kalgoorlie-Boulder, Western Australia. Its shares have offered
a year-to-date return of over 136% as of last week. The company recently began its planned
9000-metre extension drill program at its Pioneer Dome lithium project in the Eastern
Goldfields of Western Australia. Essential Metals was trading lower during the afternoon
session at 49 cents down by 2.97%.
Next. Bulletin Resources is a miner with interest in the Geko Gold project, located nearly 15
kilometres north of the Bullabulling Gold Mine in Western Australia. Its stock has
returned over 112% on a year-to-date basis as of last week. The miner recently announced
its plans to conduct a Light Detection and Ranging and high-resolution aerial imagery
survey at its Ravensthorpe lithium project in Western Australia. Bulletin Resources
was trading lower during the afternoon session at 16 cents down by 2.94%.
Lastly. Ardea Resources is an exploration and development firm with a strategic portfolio
of 100%-controlled projects located within a world-class nickel gold province in Western
Australia called the Eastern Goldfields. Its stock has returned over 159% on a year-to-date
basis as of last week. The miner recently said that its drilling program has confirmed
high-grade, near-surface nickel-cobalt mineralisation at its Goongarrie Hill deposit in Western
Australia. Ardea Resources was trading lower during the afternoon session at AU$1.24 down
by 0.80%.
Well, That’s all for now. We will be back with our Buzzing Trends show to share the
latest market insights with you. Till then, Stay tuned with Kalkine TV for more stock,
business and economy related hot trends.