Category: Stock Market

If you’re on the lookout for some big yields, then it could be worth checking out the ASX dividend shares listed below.

Here’s what analysts are saying about these buy-rated shares:

Dexus Convenience Retail REIT (ASX: DXC)

Bell Potter thinks that this convenience focused property company could be an ASX dividend share to buy right now.

This is due to its attractive valuation and generous forecast dividend yields. It explains:

DXC offers one of the most attractive risk-adjusted propositions in the sector trading at an all time low c.37% discount to NTA, a FY24e DPS yield of 8.7% [now 8.1%] based on the mid-point guidance range despite lower sub-sector volatility where assets continue to transact providing price discovery and balance sheet comfort. Only office-centric REITs trade on wider metrics.

Bell Potter is forecasting dividends per share of 20.9 cents in FY 2024 and 20.5 cents in FY 2025. Based on its current share price of $2.59, this equates to yields of 8.1% and 7.9%, respectively.

The broker has a buy rating and $2.85 price target on its shares.

Universal Store Holdings Ltd (ASX: UNI)

Over at Morgans, its analysts believe that youth fashion retailer Universal Store could be a buy. It thinks the company’s shares are good value given its positive growth outlook. It said:

UNI’s attractive array of medium-term growth prospects is undervalued at a single digit FY25 P/E. We reiterate our ADD rating and increase our target price.

In addition, Morgans is forecasting fully franked dividends per share of 26 cents in FY 2024 and 29 cents in FY 2025. Based on the current Universal Store, this will mean yields of 5.9% and 6.6%, respectively.

Its analysts have an add rating and $4.55 price target on its shares.

The post 2 ASX dividend shares with juicy yields to buy right now appeared first on The Motley Fool Australia.

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More reading

• Leading brokers name 3 ASX shares to buy today
• 2 ASX dividend stocks expected to pay huge yields in 2025
• 3 ASX dividend stocks with big yields to buy now
• Buy Telstra and these ASX dividend shares now
• Brokers say these 3 ASX dividend stocks are buys

Motley Fool contributor James Mickleboro has positions in Universal Store. 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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In the film 1998 Sliding Doors, the viewer follows around Gwyneth Paltrow across two different storylines. In one storyline we see how her life unfolds if she catches her train, in the other we see what happens when she misses it.

Investing can be a lot like Sliding Doors. When investors make an investment, they are choosing one ASX share over another. Each investment has its own potential storyline and each can shape your life and, more specifically, your wealth.

So, let’s go back a year and see what would have happened if you had invested $10,000 into either Brainchip Holdings Ltd (ASX: BRN) and Xero Limited (ASX: XRO).

Investing $10,000 in Brainchip shares

I have been very vocal over the last couple of years, warning investors off Brainchip shares. So, hopefully I have prevented at least a handful of readers from losing significant wealth to this struggling semiconductor company.

For example, over the last 12 months, Brainchip shares have lost 76% of their value. This means that a $10,000 investment would now be worth just $2,400.

This has been driven by the company’s abject performance (less revenue than a thrift store) and an extremely challenging outlook due to its competition with absolute tech behemoths.

In addition, the fact that none of its rivals, which spend billions on R&D each quarter, have lobbed a takeover offer its way or made a strategic investment, appears to indicate that they don’t believe its technology is a threat.

What about Xero?

If instead of buying Brainchip shares, you had put $10,000 into Xero shares, you would be celebrating today.

Over the same period, thanks to its strong performance in FY 2023 and so far in FY 2024, the cloud accounting platform provider’s shares have risen 47%.

This would have turned your investment into $14,700, which means you’re now $12,300 better off than if you had taken the other option.

It also means that Brainchip shares would have to rise over 500% to just catch up. And with the company still looking severely overvalued with a $400 million market capitalisation, that looks like nothing short of wishful thinking.

The post Sliding Doors: Brainchip vs Xero shares appeared first on The Motley Fool Australia.

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More reading

• Here’s how the ASX 200 market sectors stacked up this week
• ASX blue-chip stocks: My best of the best for January 2024
• The No. 1 ASX 200 shares of each market sector in 2023
• These were the best-performing ASX 200 tech shares of 2023
• Why Core Lithium, Sayona Mining, WA1, and Xero shares are dropping today

Motley Fool contributor James Mickleboro has positions in Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Xero. The Motley Fool Australia has positions in and has recommended Xero. 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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Just because you see some ASX shares rise spectacularly doesn’t mean that they become bad buys.

That’s because past performance literally has nothing to do with where a stock is heading in the future.

Shares have no memory, so they don’t care what their history is.

The only thing that matters is whether investors continue to want a piece of the action.

So with this firmly in mind, here are three soaring ASX shares that experts this week are rating as buys:

This mob loves it when it rains

The year is barely a half-month old, but the Johns Lyng Group Ltd (ASX: JLG) share price has already rocketed more than 10.7%.

The company provides reconstruction services for the insurance industry, and the recent extreme weather on the east coast may well have spurred on the market.

“We expect an already strong pipeline of work to be bolstered from recent storm damage in Queensland and Victoria,” Medallion Financial Group portfolio manager Stuart Bromley told The Bull.

The business has been a darling with investors for a while now, with the stock price surging 524% higher over the past five years.

Bromley reckons the recent rocket for Johns Lyng shares could be the start of another bull run.

“Management has a history of exceeding expectations, with fiscal year 2023 net profit after tax (NPAT) of $62.8 million above consensus forecasts of $50 million.

“The shares are enjoying favourable momentum in 2024.”

‘Deserves a higher multiple’

Ord Minnett senior investment advisor Tony Paterno’s pick is telco and infrastructure network services provider Service Stream Ltd (ASX: SSM).

The stock has impressed in recent times, rising more than 47.5% since the start of June.

According to Paterno, an analyst day presentation showed just how diversified its work is, the niche knowledge required to solve the problems, and the long contract durations involved.

The company also boasted how its risk profile is improving as it “cycles away from fixed price, lump sum work”.

“Service Stream carries $5 billion of work in hand, excluding contract extensions, underpinned by unprecedented levels of investment from government and private asset owners.”

Paterno said his team preferred businesses with “nearer-term earnings visibility and positive earnings momentum”.

“We believe Service Stream’s free cash flow generation deserves a higher multiple.”

‘Standout’ ASX shares in a tough industry

Investment manager GQG Partners Inc (ASX: GQG) is not often mentioned among the hot stocks, but its valuation has soared almost 36% since early November.

According to Bromley, it’s a reliable performer in an industry that doesn’t have the best image among stock investors.

“The company has delivered consistent growth in funds under management,” he said.

“GQG is our standout alternative in the funds management space that has been under pressure.”

Bromley predicts that the momentum is set to continue.

“The company was recently managing more than $100 billion, and we believe continuing fund inflows paired with fund outperformance should deliver share price upside.”

Indeed all five analysts that cover GQG are rating the ASX shares as a buy, including Paterno’s Ord Minnett team.

The post ‘Exceeding expectations’: 3 rocketing ASX shares you better buy before they rise even more appeared first on The Motley Fool Australia.

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More reading

• 2 Warren Buffett tips I’ll be following when buying ASX shares in 2024
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Here’s how I plan to build a second income in 2024
• Why Boss Energy, GQG, Kali Metals, and Red 5 shares are racing higher today

Motley Fool contributor Tony Yoo has positions in Johns Lyng Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Johns Lyng Group. The Motley Fool Australia has recommended Johns Lyng Group. 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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On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with the smallest of declines. The benchmark index fell 2 points to 7,496.3 points.

Will the market be able to bounce back from this on Tuesday? Here are five things to watch:

ASX 200 expected to fall

The Australian share market is expected to fall on Tuesday following a mixed start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 21 points or 0.3% lower. In late trade in the United States, the Dow Jones is down 0.3%, the S&P 500 is up 0.1%, and the NASDAQ is slightly higher.

Rio Tinto quarterly update

The Rio Tinto Ltd (ASX: RIO) share price will be on watch on Tuesday when the mining giant releases its quarterly update. The market is expecting the miner to report Pilbara iron ore shipments of 86.8Mt, which represents a 4% quarter on quarter increase. This is expected to be achieved with an average realised price of US$107 per tonne.

Oil prices soften

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Karoon Energy Ltd (ASX: KAR) could have a subdued session after oil prices softened overnight. According to Bloomberg, the WTI crude oil price is down 0.3% to US$72.48 a barrel and the Brent crude oil price is down 0.2% to US$78.16 a barrel. This may have been driven by concerns over Chinese economic growth.

Pilbara Minerals remains a sell

Goldman Sachs continues to believe that Pilbara Minerals Ltd (ASX: PLS) shares are a sell despite its new offtake agreement with Ganfeng Lithium reducing unallocated volumes over FY24 to FY27 from ~45% to ~25%. Despite this, it notes that “PLS continues to trade at a premium to peers.” Goldman has a sell rating and $3.20 price target on its shares.

Gold price falls

ASX 200 gold shares including Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a good session after the gold price rose overnight. According to CNBC, the spot gold price is up 0.4% to US$2,059.2 an ounce. The gold price rose on Fed rate cut optimism.

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why Chalice Mining, Nuix, Pilbara Minerals, and Sayona Mining shares are falling
• The pros and cons of buying Wesfarmers shares right now
• Pilbara Minerals share price tumbles despite Ganfeng Lithium deal
• Bullish about data centre growth? I’d try these 3 ASX 200 shares

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 positions in and has recommended Goldman Sachs Group. 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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A million bucks might now be 30% below the median house price in Sydney, but it’s still a lot of money.

If anything, that shows how crazy real estate is in Australia’s largest metropolis, and says nothing about how valuable a million bucks is.

Seven figures can provide financial freedom, so potentially you never have to work again.

One of the best ways of reaching the magic mill is to invest in ASX shares.

Of course, there are no guarantees in life. But you’re never going to have a chance if you don’t at least try.

Let me show a couple of shares that experts are loving at the moment to demonstrate how you could reach the promised land:

Uranium is so hot right now

Deep Yellow Limited (ASX: DYL) is a uranium producer operating projects in Western Australia and Namibia.

The global uranium spot price has doubled in the past year as nations start to look to nuclear power to meet their energy needs in a market that’s now missing a major supplier in Russia.

Nuclear power is also in favour for many jurisdictions as a method of producing huge amounts of power in return for little carbon emissions.

The Deep Yellow share price has climbed a stunning 97% over the past 12 months. But experts in the know believe there is more where that came from.

Last weekend’s shock announcement from the world’s largest uranium producer, National Atomic Company Kazatomprom Joint Stock Company (FRA: 0ZQ), that its production forecasts have been downgraded caused a frenzy in financial markets.

Uranium and uranium stocks rocketed out of fears that tight global supply would force many customers to turn to the spot market and pay market — rather than fixed — prices.

The situation showed just how sensitive the nuclear fuel market is at the moment.

All up, Deep Yellow shares have gained 232% over the past half-decade. All five analysts that cover the stock believe it is a strong buy at the moment, according to CMC Invest.

The ASX shares the experts love at the moment

Related to the energy crisis is MMA Offshore Ltd (ASX: MRM).

It’s a marine services provider that lends out necessities like ships to clients with offshore facilities such as oil and gas rigs.

The MMA Offshore share price has literally doubled in the past year as demand for its services has gone through the roof.

Similar to Deep Yellow, this run-up hasn’t put off professional investors.

CMC Invest currently shows all five analysts rate the stock as a strong buy.

After the ups and downs over the past five years, MRM Offshore shares are now trading 109% higher.

How to reach $1 million 

If you are skilled and lucky enough to buy a couple of shares like these, you are in with a real shot at a million.

Over the past five years, Deep Yellow shares have returned a compound annual growth rate (CAGR) of 27.1%, while MRM Offshore has managed 15.9%.

Let’s say you start with a $50,000 portfolio.

The average CAGR for our two sample stocks is 21.5%. If your portfolio can grow at that rate and you keep adding $400 each month, you will reach seven figures in just 14 years.

That’s an early retirement for many people.

If you start at age 30, then that’s a million bucks at just 44. Even if you begin investing at 40 years old, you reach your target at 54, which is much earlier than Australia’s legislated retirement age.

The post I’d invest in these 2 ASX shares for a real shot at $1 million appeared first on The Motley Fool Australia.

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More reading

• The shocking admission catapulting ASX uranium shares to record highs today
• Why Bapcor, Deep Yellow, Super Retail, and Telstra shares are rising today
• These are the 10 most shorted ASX shares
• Up 140% in 13 months, experts are still backing this ASX stock for the long run
• Why are ASX uranium shares on a tear today?

Motley Fool contributor Tony Yoo 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 recommended Mma Offshore. 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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Even though there are numbers and graphs everywhere, more often than not the stock market does get too emotional.

Sure, some businesses endure tough times, but the mob fear of avoiding such investments can drive the share price down excessively.

And this is when shrewd investors can take advantage, scooping them up for cheap and just patiently waiting for the market to compose itself again.

Here are two such S&P/ASX 200 Index (ASX: XJO) examples that expert are tipping as buys at the moment:

Undervalued with ‘attractive dividend yield’

Despite buoyant times for the energy market over the past two years, AGL Energy Limited (ASX: AGL) has not been able to make hay.

The share price has sunk 27% since July, and is a shocking 58% off its pre-COVID peak.

Ord Minnett senior investment advisor Tony Paterno reckons it’s a great time to buy.

“In our view, the longer-term outlook remains solid,” Paterno told The Bull.

“AGL was recently trading on a low forecast fiscal year 2024 price/earnings multiple below 10 times and offers an attractive dividend yield, mostly franked from fiscal year 2025 onwards.”

Indeed the stock currently offers a yield of 3.4%.

Paterno admits there will be significant capital expenditure looming, but the stock is just too cheap to ignore.

“We’re forecasting relatively flat earnings over the long term, as investments in renewable energy and batteries offset the expiry of cheap long-term coal contracts and the closure of coal power stations.”

Six out of eight analysts that cover AGL shares currently rate them as a buy, according to CMC Invest.

This ASX 200 company could be ripe for a takeover

Since casino rival Crown went private, Star Entertainment Group Ltd (ASX: SGR) could make a case as the most maligned ASX 200 stock of the last two years.

Much-publicised government scrutiny into its risk management issues have painfully forced the share price 86% down since the start of October 2021.

“The company reported a statutory loss of $2.435 billion, which includes non-cash impairments, in fiscal year 2023,” said Red Leaf Securities chief executive John Athanasiou.

He reckons, though, enough is enough.

“We believe the shares have been oversold. 

“The market hasn’t priced in the possibility of a recovery, or the company appealing as a potential takeover target.”

CMC Invest shows five out of six analysts agree with Athanasiou that Star Entertainent is a buy right now.

The post ‘Oversold’: 2 beaten-up ASX 200 shares ready to be given a fair go appeared first on The Motley Fool Australia.

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More reading

• The 2023 AGL share price return was double the ASX 200
• Here are the top 10 ASX 200 shares today
• The No. 1 ASX 200 shares of each market sector in 2023
• 6 ASX 200 stocks trading on attractive P/E ratios right now
• These were the worst-performing ASX 200 shares of 2023. Should you buy them now?

Motley Fool contributor Tony Yoo 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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The Santos Ltd (ASX: STO) share price went up more than 3% following the oil and gas ASX share‘s news about its Barossa project.

Santos has been trying to get approval for its huge new project for a while, but it has faced challenges. It may now have received the victory needed in court.

What happened?

Santos noted that the Federal Court of Australia ruled on the case of Munkara v Santos NA Barossa Pty Ltd (No.3).

This decision was in favour of Santos, as the Court dismissed the application and discharged the injunction that prevented pipelaying activity south of the ‘kilometre 86 (KP86)’ point along the Barossa gas export pipeline.

Based on that ruling, and in accordance with the ‘environment plan’ in force, Santos will continue pipelaying activity for Barossa.

According to reporting by the Australian Financial Review, a group of Tiwi Islanders had said the pipeline and associated concrete would endanger Indigenous cultural heritage sites, damaging “Sea Country, dreaming tracks, songlines and areas of cultural significance including burial sites and animal habitats.”

The AFR reported Santos had presented conflicting evidence that there were no specific underwater places on the proposed pipeline route, according to beliefs of other Tiwi Islanders consulted by the oil and gas giant’s cultural heritage expert witness.

What is the Barossa project?

The Barossa project is an offshore gas project that would mean more gas going into the Darwin liquified natural gas (DLNG) facility in the Northern Territory. It’s approximately 285km north-west of Darwin.

Up to eight subsea wells are planned to be drilled in the Barossa field. The proposal for Barossa suggests water depths of between 130m to 350m for the offshore development.

The approximate liquefied natural gas (LNG) production rate was 3.7 million tonnes per annum, with an approximate condensate product rate of 1.5 million barrels per year. It could have an operating life of approximately 25 years. The initial first gas was targeted at 2023, but that has clearly been delayed.

Santos share price snapshot

Today’s rise has ensured the Santos share price is now in the green, up 2.75% year to date.

The post Santos shares storm higher on $5.7 billion approval appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Looking to buy cheap ASX shares? Why Santos could fit the bill
• These 3 ASX 200 shares are ‘significantly undervalued’ by the market
• Here’s how the ASX 200 market sectors stacked up this week
• 6 ASX 200 stocks trading on attractive P/E ratios right now

Motley Fool contributor Tristan Harrison 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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The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• 3 of the best ASX retail shares I can find right now, no soft landing required
• The shocking admission catapulting ASX uranium shares to record highs today
• Why Bapcor, Deep Yellow, Super Retail, and Telstra shares are rising today
• Super Retail shares race to all-time high on record first-half sales
• The pros and cons of buying Wesfarmers shares right now

Motley Fool contributor Sebastian Bowen 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 positions in and has recommended Super Retail Group. The Motley Fool Australia has recommended Elders, Jb Hi-Fi, and Premier Investments. 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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After spending all day in the green, the S&P/ASX 200 Index (ASX: XJO) posted a last-minute fall on Tuesday, dropping 0.05% to close at 7,259.9 points.

It followed a mixed performance on Wall Street overnight. The Dow Jones Industrial Average Index (DJX: .DJI) dropped 0.4% in Monday’s session, while the S&P 500 Index (SP: .INX) traded flat and the Nasdaq Composite Index (NASDAQ: .IXIC) rose 0.5%.

Among the sectors leading the Aussie bourse on Tuesday was the S&P/ASX 200 Financials Index (ASX: XFJ). It rose 0.8%.

The S&P/ASX 200 Real Estate Index (ASX: XRE) also outperformed, rising 0.6%, while the S&P/ASX 200 Energy Index (ASX: XEJ) climbed 0.4% after oil prices lifted 0.5% overnight.

But not all had such a good day’s trade. The S&P/ASX 200 Industrials Index (ASX: XNJ) slumped 0.5%, with the Qantas Airways Limited (ASX: QAN) share price its biggest weight.

The stock fell 2.1% after the airline forecast it would post a record profit for financial year 2023.

So, with all that in mind, let’s dive into today’s top-performing ASX 200 shares.

Top 10 ASX 200 shares countdown

Taking out the top spot on Tuesday was the Paladin Energy Ltd (ASX: PDN) share price. It rose 5.3% despite only silence from the company’s camp.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Paladin Energy Ltd (ASX: PDN)	$0.695	5.3%
Block Inc (ASX: SQ2)	$91.95	4.49%
New Hope Corporation Limited (ASX: NHC)	$5.33	3.5%
Tabcorp Holdings Ltd (ASX: TAH)	$1.13	3.2%
Telix Pharmaceuticals Ltd (ASX: TLX)	$11.84	3.14%
TechnologyOne Ltd (ASX: TNE)	$15.75	0.43%
Silver Lake Resources Ltd (ASX: SLR)	$1.06	2.42%
Megaport Ltd (ASX: MP1)	$5.69	2.34%
Macquarie Group Ltd (ASX: MQG)	$180.27	2.1%
Charter Hall Social Infrastructure REIT (ASX: CQE)	$2.96	2.07%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Which ASX 200 bank shares were just downgraded by Morgan Stanley?
• Why Catapult, OFX, TechnologyOne, and Zip shares are charging higher
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Motley Fool contributor Brooke Cooper has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block, Megaport, and Technology One. The Motley Fool Australia has positions in and has recommended Block and Macquarie Group. The Motley Fool Australia has recommended Megaport and Technology One. 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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An ASX rare earths share that is also looking for lithium has exploded more than 200% in a month.

The Voltaic Strategic Resources Ltd (ASX: VSR) share price has soared 238% since market close on 18 April from 2.1 to 7.1 cents.

Today, Voltaic shares are jumping 12.7%. In contrast, the S&P/ASX 200 Materials Index (ASX: XMJ) is sliding 0.22%.

Let’s take a look at this ASX rare earths share in more detail.

What’s going on?

Voltaic is exploring battery and precious metal projects in Western Australia and Nevada, United States. This includes rare earth elements (REE), lithium, gold and Nickel-Copper-Platinum Group Elements.

Investors appear to have been buying up shares in this ASX rare earths share amid exploration results in the past month.

Voltaic advised the market last week of a “significant rare earths” system at the Neo prospect within the Paddys Well project in WA.

This included grades of up to 10,072 ppm total rare earth elements (TREO) including mineralised REE intercepts up to 78 metres from surface.

Commenting on this news, Voltaic CEO Michael Walshe said:

The results provide unequivocal evidence for the presence of a large REE clay system at Neo,
with individual metre values up to 1% TREO, high tenor ‘magnet REE’ percentages up to 30%, and
very large, mineralised intercepts up to 78m in width.

We are now eagerly awaiting the results of the metallurgical testing on the clays to determine their preliminary economic viability.

Meanwhile, on 3 May, the company advised it had started drilling at the Andrada Prospect within the Ti Tree Lithium Project in Western Australia.

The company said this is an “emerging critical minerals” hotspot.

On 17 May, Voltaic said “multiple thick pegmatites” had been intersected at this project. Phase one drilling at the site is now complete with assay results expected within the next several weeks.

Voltaic relisted on the ASX on 5 October following a $4.55 million capital raise.

Voltaic share price snapshot

The Voltaic share price has risen 202% in the year to date and 31% in the last week alone.

This ASX rare earths share has a market cap of about $26 million based on the latest share price.

The post Guess which ASX rare earths share has rocketed 238% in a month. Hint: not Lynas appeared first on The Motley Fool Australia.

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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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