The All Ordinaries index (ASX: XAO) is pushing 0.3% higher on Wednesday morning.
While this is positive, it is nothing compared to some of the gains that are being recorded on the market today.
Two ASX mining shares that are exploding higher are listed below. Hereâs why they are on fire today:
Battery Age Minerals Ltd (ASX: BM8)
The Battery Age Minerals share price has continued its stellar run and is up 22% to 70 cents. Investors have been buying this lithium explorerâs shares since it re-listed on the Australian share market earlier this week. The companyâs shares are now up 75% since raising $6.5 million and re-listing at 40 cents per share.
Battery Age Minerals has secured a diversified project portfolio to reposition as an international explorer focused on future-facing commodities. One of its key assets is the Falcon Lake Lithium Project in the Thunder Bay mining jurisdiction of north-western Ontario, Canada.
Tennant Minerals Ltd (ASX: TMS)
The Tennant Minerals share price has returned from a trading halt and is up 20% to 4.1 cents.
Investors have been scrambling to buy this mineral exploration company’s shares following the release of a drilling update. That update reveals that thick, true-width, intersections of high-grade copper and gold have been identified at the Bluebird discovery of the Barkly Project in Western Australia.
Management notes that these drilling results highlight the potential to expand the Bluebird discovery, which remains open in all directions.
It also points out that the find is towards the eastern edge of the richly-endowed Tennant Creek Mineral Field (TCMF), which produced over 5Moz of gold and over 500kt of copper from 1934 to 2005.
The post 2 ASX mining shares rocketing over 20% today appeared first on The Motley Fool Australia.
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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.
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