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Highlights
- Azure Minerals’ stock has zoomed by nearly 700% in one year.
- Azure plans a 100,000m diamond and RC drilling program at its Andover Lithium project.
- Alpha HPA’s stock has increased by over 160% in a year.
- The stage 1, Precursor Production Facility of Alpha has reached aluminium nitrate cumulative production of approximately 150 tonnes with 5N purity.
The Australian equity benchmark index, S&P/ASX 200 has gained around 10% in the last one year (as of 17 July, 2023). Two stocks - Azure Minerals Limited (ASX: AZS) and Alpha HPA Limited (ASX: A4N)- have outperformed the index by wide margins during the same time frame.
Let’s have a look at these stocks.
Azure Minerals Limited (ASX:AZS)
Share of base and precious metals exploration company Azure closed 1.54% higher at AU$1.65 apiece on Friday. On Monday as well AZS shares were trading with nearly 1.50$% gains as of noon trade.. In the past one year, the share price increased by 688% and on a year-to-date basis, it increased by around 652%. The share price gained 417.% in the last six months, with a 45% rise in the previous month.
The company has interests in Andover Lithium and Nickel-Copper-Cobalt project, Barton gold and base metal project, and Turner River Gold project. Of late, the company has been providing updates on the Andover lithium project.
According to an ASX update, world-class local infrastructure is available at the Andover project as it has road access, gas & water, electrical power, commercial multi-user port facilities and commercial flight availability.
In 2022, over700 outcropping spodumene-rich pegmatites were identified. At the surface, the individual pegmatites were a maximum of 2,000m long and 200m wide. The company reported the following drilling results –
Image source: company update
In 2023, the company plans a 100,000m diamond and RC (reverse circulation) drilling program. In the third quarter of 2023, an exploration target is planned and in the first quarter of 2024, Mineral Resource Estimate. Reportedly, hydrological, environmental, heritage and metallurgy studies are in progress.
Alpha HPA Limited (ASX:A4N)
Shares of metals and technology company Alpha closed 1.72% higher at AU$1.18 per share on Friday. In the last one year, the share price has increased by around 161.% and on a year-to-date basis, it has gained around 84%. In the past six months, the share price has risen by 92.26%.
Alpha is engaged in the commercialisation of its proprietary licensed aluminium purification technology via delivering the ‘HPA First’ project.
Recently (10 July 2023), the company shared a project update for its HPA First Project and Alpha Sapphire. Alpha Sapphire is a wholly owned subsidiary of Alpha.
The company shared that stage 1, Precursor Production Facility (PPF), is in production of 5N purity aluminium nitrate and cumulative production has reached approximately 150 tonnes. The major high-purity aluminas (HPA) circuit equipment orders have been delivered and installed.
According to the company’s release, the construction of the first sapphire growth unit is in line with the schedule. The first equipment deliveries are due in late 2023, and installation and commissioning can be expected in early 2024. Also, the company is assessing renewable energy options for the power requirements of 100 sapphire growth units. The company is evaluating the location for space for expansion to up to 1,000 additional sapphire growth units.
