Sign up Australia
Proactive Investors - Run By Investors For Investors

Australian Mines sits atop the ASX Volume Leaders as cobalt exploration commences

The company's shares have eased today, but are still up 31% over the past week.
Australian Mines sits atop the ASX Volume Leaders as cobalt exploration commences
The most active stocks in afternoon trade

Australian Mines Ltd (ASX:AUZ) is the most traded stock on the ASX by 2:30pm today, with 93 million shares changing hands, with the total value of trades over $2 million.

The company's shares have eased 4.6% to $0.021.

At the end of September, the company commissioned a helicopter-borne electromagnetic and magnetic geophysical survey of its wholly-owned Thackaringa Cobalt Project, which is located in a region highly prospective for cobalt mineralisation near Broken Hill in New South Wales.

This will be the first exploration work on the greenfields project since Australian Mines acquired Thackaringa in February this year.

The survey has been designed to map the sulphide-bearing geology which hosts the region’s known cobalt mineralisation.

Company Name Code Last Change Volume
Australian Mines Ltd AUZ $0.021 -4.55% 93,324,715
Uranium Equities Ltd UEQ $0.012 100% 45,116,734
Merlin Diamonds Ltd MED $0.004 -33.33% 43,388,897
Lynas Corporation Ltd LYC $0.222 0.91% 37,119,438
Centuria Capital Ltd CNI $1.405 8.08% 34,966,751
Lakes Oil NL LKO $0.002 100% 26,628,774
Mustang Resources Ltd MUS $0.137 24.55% 26,209,599
Boart Longyear Ltd BLY $0.021 0% 24,245,441
Kairos Minerals Ltd KAI $0.057 -9.52% 24,150,742
Vital Metals Ltd VML $0.008 14.29% 22,525,018


View full . profile View Profile

Proactive Investors Australia Timeline

Related Articles

Lego ball
September 14 2018
The company's latest push is a joint venture agreement with US-based entertainment firm Three Six Zero, which has steered the careers of pop stars such as Calvin Harris
April 16 2018
Global pharmaceutical R&D is forecast to reach $182bn by 2022 having grown at near 4% annually since 2006
Clint Eastwood
May 25 2018
The group’s first piece of original content, a documentary called Pandas, premiered on 24 March this year, to positive reviews.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use