3 ASX mining shares leaping over 20% on Wednesday

The market may be pushing higher today but its decent gain is nothing compared to those being recorded by the ASX mining shares listed below.

Here’s why these shares are smashing the market today:

GreenX Metals Ltd (ASX: GRX)

The GreenX Metals share price is up 38% to 49.5 cents. This is despite there being no news out of the mineral exploration company today. However, it is worth noting that yesterday the company revealed that the hearing for the international arbitration claims against the Republic of Poland has now completed. GreenX Metals is seeking damages of up to $1.3 billion. These have been claimed in relation to the assessed value of GreenX’s lost profits and damages from both the Jan Karski and Debiensko projects.

Stavely Minerals Ltd (ASX: SVY)

The Stavely Minerals share price is up almost 22% to 22.5 cents. Investors have been buying this mineral exploration company’s shares since the release of a drilling update on Tuesday. That update revealed that a significant new porphyry target has been established immediately south-east of the Cayley Lode deposit following a recent review of data and drill core. Stavely Minerals is now planning to drill a wide-spaced panel of six diamond drill-holes to extend the Cayley Lode down-plunge. This is with the objective of confirming further high-grade copper-gold mineralisation hosted by the causative porphyry.

Southern Cross Gold Ltd (ASX: SXG)

The Southern Cross Gold share price is up 21% to 85.2 cents on no news. In fact, there hasn’t been any news out of this gold explorer for over a week. However, that previous announcement revealed that the company has raised $16 million to fund the exploration of the Sunday Creek project in Victoria. This follows the recent “spectacularly wide intersection of gold-antimony mineralisation grading.” Investors appear excited about what may lay ahead for Southern Cross Gold.

The post 3 ASX mining shares leaping over 20% on Wednesday appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Is Apple a must-own US stock in 2023?
• Is a stock market crash coming for us in 2023?
• ASX 200 lifts on lower-than-forecast inflation data
• Woolworths shares: To buy or not to buy?
• Positive view on Macquarie shares ‘would seem obvious’: fundie

Motley Fool contributor James Mickleboro 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.

from The Motley Fool Australia https://ift.tt/3P7Hsgq