The acquisition of enviable lithium ground in Brazil sent a Perth-based explorer flying on the ASX last week, while a $160 million win against the Tanzanian government boosted a nickel explorer’s share price.
FLASHPOINT - TRANSCRIPT
Tim - But first here's Matt Birney with the ASX Runners of the Week.
Tim - Thanks to Argonaut.
Matt Birney - Thanks Tim.
Matt Birney - So Perpetual Resources rocketed 255 per cent this week after picking up some ground in a well known lithium province in Brazil. Its share price hiked from 0.9 to 3.2 cents on that news.
Matt Birney - Staying with lithium, Lodestar Minerals doubled to 0.8 cents after unveiling more high-grade lithium hits at its joint venture with Future Battery Minerals near Coolgardie.
Matt Birney - And Metal Bank charged 76 per cent after securing the rights to explore for copper in a region that once hosted the historical “Mother of Pillars” copper mine in Jordan. Its stock ran from 2.1 to 3.7 cents.
Matt Birney - And finally, Indiana Resources climbed 144 per cent after an international tribunal ordered the country of Tanzania to cough up 160 million dollars, believe it or not, for unlawfully ex-appropriating Indiana’s partly owned Tanzanian nickel project.
Matt Birney - That win saw Indiana’s share price touch 10 cents off last week’s close of just 4.1.
Matt Birney - Great bragging rights but good luck trying to get the Tanzanian Government to actually pay up.