There was a lot of movement on the ASX across the mining sector on Tuesday, including junior explorer Traka Resources (ASX:TKL), which saw its share price climb 100% to $0.002.
Traka Resources has not released any news on the ASX since 28 June when it announced a completed capital raising had brought in $690,000 to support a rare earths and niobium acquisition in Mozambique.
Gold and copper-focused explorer Killi Resources’ (ASX:KLI) share price also soared, climing 74.41% to $0.075 after confirming “high-grade” copper and gold at the Kaa target, within the Mt Rawdon West Project.
Killi, which has a market capitalisation of $5.16 million, received assays from surface rock chip samples which returned up to 238 grams per tonne (g/t) gold, 2.1% copper, and 513g/t silver.
Uranium-vanadium explorer Moab Minerals’ (ASX:MOM) share price jumped 33.33% to $0.004, amid completion of an acquisition of advanced uranium assets in Tanzania.
The company announced yesterday it had completed the acquisition of 81.85% of shares in privately held Linx Resources, which owns the Manyoni and Octavo Uranium projects, encompassing 216km2.
Meanwhile, gold explorer Pacgold’s (ASX:PGO) share price increased 30.76% to $0.170 on the back of no news.
Pacgold, which has a market capitalisation of $10.93 million, is focused on progressing its flagship Alice River Gold Project in North Queensland.
Tankers
Gold explorer and developer Classic Minerals (ASX:CLZ) has seen a 50% decrease in its share price to $0.001 on the back of no news.
Prodigy Gold’s (ASX:PRX) shares have also fallen 33.33% to $0.002.
On 5 July, the greenfields and brownfields explorer announced it had returned up to 182g/t gold in rock chips from its Reynolds Range Project.
Antilles Gold’s (ASX:AAU) share price dropped 25% to $0.003 on the back of no news.
The gold and copper-focused company is currently advancing its projects in Cuba.
Further, Altair Minerals’ (ASX:ALR) shares dipped 20% to $0.004. The company has not released any news since 3 July on the appointment of advisors to strengthen its plans at Olympic Domain.
Write to Aaliyah Rogan at Mining.com.au
Images: Traka Resources
