ASX Runners of the Week: West Cobar, Cavalier, | Australian Markets

After a week of market elation and ASX all-time highs, this week noticed the index expertise a severe pullback as banks and miners alike have been left with nowhere to cover. The half-yearly reporting season was significantly painful for the mining majors as weakening Chinese language metal demand noticed iron-ore costs and income plummet.

Embattled iron-ore producer Mineral Assets reported an $800 million interim loss for the half-year after which noticed its share price drop some 27 per cent during the week, earlier than it completed Friday with a glimmer of hope and a small bounce.

The banks dealt a lot of this week’s harm because the majors have been all hammered on lower-than-expected financial outcomes.

The charging gold price was one vivid spot on the ASX. The dear metallic was a saving grace in a week through which United States President Donald Trump prompted more jitters by threatening to slap on further trade tariffs.

The goldies didn’t fully dominate, nonetheless, and Bulls N’ Bears ASX Runners of the Week record additionally options some more flavoursome vital minerals.

West Cobar Metals Ltd (ASX: WC1)

213pc up (from 1.5c to 4.7c)

This week’s Bulls N’ Bears ASX Runner of the Week is West Cobar Metals. The company shot out of a cannon on Thursday after the market had time to mull over its Wednesday announcement unveiling some excellent antimony leach outcomes from its Bulla Park copper-antimony project in New South Wales.

West Cobar’s share price jumped 33pc on the release. The next day more than $1 million of shares have been traded, rocketing the company’s share price up 96pc to an intraday high of 4.7 cents, some 213pc up from a close of 1.5c final week.

West Cobar reported initial float assessments with recoveries of up to 94pc copper, 90pc antimony and 88pc silver at grades of up to 19.4pc copper, 7.5pc silver and 271 grams per tonne (g/t) gold.

The company stated the preliminary assessments outcomes foreshadow the potential to generate a saleable antimony product that could possibly be separated from the copper and silver mineralisation at Bulla Park.

It additionally believes the project has a bulk tonnage, probably open pittable copper–antimony–silver deposit. With additional optimisation take a look at work – to be carried out instantly – West Cobar hopes to concurrently increase the copper and silver grades of its focus to realize a premium copper product.

One factor appears sure, amid Trump’s tariff wars and international vital minerals uncertainty, the upper antimony price seems right here to remain. Only a few initiatives of significance appear to be changing misplaced Chinese language provide and the subsequent main project to globally affect the market is more likely to come out of NSW, from Larvotto Assets’ Hillgrove mine. And Hillgrove continues to be within the early days of its approvals course of.

Cavalier Assets Ltd (ASX: CVR)

165pc up (from 8.1c to 21.5c)

Surging into second place on this week’s ASX Runners record is Cavalier Assets, which signed a non-binding time period sheet with mining financier Raptor Capital on Thursday to the tune of US$11m (A$17.5m) to fund its Crawford gold project close to Leonora in Western Australia.

Cavalier’s share price had a two-day re-rate on the news and is exhibiting no signal of slowing down. Its shares peaked at a high of 21.5c on Friday, up a large 165pc for the week from a close of 8.1c per share final Friday.

The company says the new funds will absolutely finance the development of the Crawford open pit and a near-mine drilling program to improve additional parts of its present useful resource.

The beneficial stream finance facility is non-dilutive to Cavalier shareholders and doesn’t require any further equity capital be raised to advance Crawford to stage one gold manufacturing.

Utilizing a $4100 per ounce gold price – towards the present $4600/t gold price – Crawford’s stage one pre-feasibility examine signifies a web current worth of $40m and an inner fee of return of 362pc. That may see Cavalier obtain a payback on capital within 4 months and an undiscounted cashflow of $44.2m.

It’s not a dangerous outcome for a company that began the week with a market cap beneath $5m.

Panther Metals Ltd (ASX: PNT)

125pc up (from 0.8c to 1.8c)

Panther Metals has taken out the ultimate spot on the Runners podium this week, in slightly peculiar fashion for the record.

The company has maintained by approach of an ASX “please explain” question, that there was no news unreleased to the market this week and that its 125pc run was primarily based on some long overdue recognition. Might the market simply be catching on Panther’s quarterly outcomes, launched final month, highlighting some spectacular drilling outcomes from its Laverton gold project in WA.

On Tuesday, the company was handed an ASX rushing ticket after its share price elevated to a high of 1.2c on the day from 0.8c final week. Panther responded that it was unaware of any new data to the market, and its share price climbed again to a high of 1.8c on the week for a gain of 125pc.

In equity to the sub-$5 million market-capped minnow, final quarter’s drilling outcomes from its Burtville East prospect returned some staggering grades and widths from shallow depths.

Extensive, high-grade gold intercepts included peak figures of up to eight metres at a juicy 15.29g/t. One other high-grade hit returned 6m operating practically an ounce of gold – 28.66g/t – from simply 44m, together with 1m at 127g/t. A last strong 8m intercept graded 8.04g/t from 27m, together with 1m at 32.3g/t gold. Panther says detailed evaluations are underway on its present Burtville East geological model to interrogate and validate the present interpreted lode geometry of high-grade intercepts.

The company is set for more than 2500m of budgeted drilling remaining on the project as half of a deliberate 7000m program, which is anticipated to be accomplished this quarter.

Maybe the promise of more high-grade drilling and a miniscule valuation of $3.5m stirred the market to carry this goldie back to life.

Diablo Assets Ltd (ASX: DBO)

110pc up (from 2c to 4.2c)

The fourth and last company on this week’s ASX runners record is one other assets junior, Diablo Assets, which introduced on Tuesday that it had acquired the US Phoenix copper project within the world-class Lisbon Valley district of Utah/Colorado.

Diablo noticed practically half of its shares on challenge trade palms on Tuesday, because the company’s share price soared to a high of 4.2c from a close final week of 2c. This was a hefty 110pc leap.

Phoenix is alongside strike to the northwest and southeast of the Lisbon Valley copper mine, which has been working for more than 120 years and incorporates about 141.6mt of mineralisation grading at 0.26pc copper for 743 million kilos of the pink metallic.

The Phoenix project comes with some spectacular historic rock chip samples assaying up to 45.7pc copper and a more vital average assay outcome of 6.29pc copper.

Diablo says initial reconnaissance work at Phoenix has recognized more than 750m of outcropping copper mineralisation, which seems open in a number of instructions. Exploration is underway to ship drill targets to be examined as quickly as doable this yr.

If Trump does lastly slap tariffs on copper, as he has threatened for practically a month, a corresponding price premium ought to see a lot of copper producers, akin to Lisbon Valley, carry back into focus many historic initiatives in former producing powerhouse areas.

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