3 ASX mining shares going bananas today

The market is bouncing back from a disastrous Wednesday and these ASX mining shares are helping it recover.

They’re lifting as much as 29% on Thursday. So, what’s helping to drive them higher? Let’s take a look.

3 ASX mining shares taking off on Thursday

Auroch Minerals Ltd (ASX: AOU)

The first ASX mining share going gangbusters today is nickel, copper, and lithium explorer Auroch Minerals.

Its stock is taking off on news of its 80%-owned Nevada Lithium Project.

Following a site visit by senior management, the company has put an experienced team including geologists, land management, and legal counsel in place to drive work at the project.

Meanwhile, a drilling program has been designed for the project and local contractors approached to run it.

The Auroch Minerals share price is surging 29.3% at the time of writing to trade at 7.5 cents.  

Caspin Resources Ltd (ASX: CPN)

Its fellow ASX mining share Caspin Resources is also taking off.

The mineral exploration company announced a major rhodium find at its Yarawindah Brook Project today.

Multiple holes at the project’s Serradella platinum group elements discovery have returned significant rhodium mineralisation, adding further value to the find.

A six-month drilling campaign is set to kick off at the discovery next month.

The news has sent the Caspin Resources share price soaring. The ASX mining share is trading 22.3% higher at 79.5 cents right now.

Latin Resources Ltd (ASX: LRS)

Finally, the Latin Resources share price is joining some of its ASX mining peers in the green today despite no price-sensitive news having been released by the company.

However, it did drop a presentation outlining an expected increase in demand for lithium over the coming years and the company’s plan to tap into the market.

The Latin Resources share price is trading at 12.5 cents right now, 8.7% higher than its previous close.

The post 3 ASX mining shares going bananas today appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX lithium share is rocketing 27% on project news
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• Are Yamaha and Toyota about to upend the ASX lithium share party?
• Investors are obsessed with ASX lithium shares, but what about this other critical battery metal?
• Vulcan Energy share price is one of the worst ASX lithium performers so far this year. Why?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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