At the turn of each month Star Investing will be recapping how the month has gone for those ASX-listed emerging mining and energy companies.

February was a mixed month for ASX small cap miners. Overall the sector was up 2.42 percent on the month of January.

247 stocks gained ground, 301 declined and 120 remain unchanged.

While ten companies lost 50 percent or more, 28 gained 50 percent or more.

While mining companies keep investors informed of progress with  a running commentary on their operations and their progress, the biggest winners this month have walked the walk.

The biggest winner, Perpetual Resources (ASX: PEC) has finished February at 4.5 cents – triple its January share price. This result was following the signing of an option agreement to obtain a mineral sands project in Western Australia and declaring exploration would begin immediately.

Evidently investors were excited about the prospects of the project, which began only a week afterwards. A maiden Inferred Mineral Resource from a project nearby, VRX Silica’s (ASX: VRX) Arrowsmith North Project, found 98 percent silica (SiO2). Silica, has multiple uses, such as in LCD displays and optical glass.

Curiously VRX were down 4 percent in February although their share price has gone up nearly 8 times in 18 months from 1.4 cents to 12 cents.

The second biggest winner, Hot Chilli (ASX: HCH) also secured an option agreement to acquire a major project. In this instance it was a project in little known copper-gold project in an untapped area of Chile.

Newly released results described the area as, “one of the most significant set of copper-gold porphyry discovery drilling intersections since the discovery of SolGold’s Cascabel deposit located in Ecuador”.

Who were this month’s winners?

Ticker Name Market Cap Price (28-Feb) Total Return February (%) Resource
PEC PERPETUAL RESOURCES LTD $8,181,373.00 0.045 221% Gold
HCH HOT CHILI LTD $26,950,296.00 0.032 188% Copper
GLA GLADIATOR RESOURCES LTD $2,938,668.25 0.002 100% Gold
TMK TAMASKA OIL & GAS LTD $3,920,000.00 0.002 100% Oil and Gas
CUX CROSSLAND STRATEGIC METALS LTD $5,058,232.00 0.006 100% Rare earths
E2M E2 METALS LTD $11,356,191.00 0.15 88% Gold
LCK LEIGH CREEK ENERGY LTD $104,148,128.00 0.23 88% Oil and Gas
CNL CELAMIN HOLDINGS LTD $8,692,402.00 0.061 85% Phosphate
RBR RBR GROUP LTD $14,883,458.00 0.023 83% Service Provider
LPD LEPIDICO LTD $104,041,432.00 0.029 81% Lithium
ATU ATRUM COAL LTD $52,320,464.00 0.21 76% Coal
FEX FENIX RESOURCES LTD $13,412,582.00 0.064 70% Iron Ore
NML NAVARRE MINERALS LTD $29,820,862.00 0.085 65% Gold
IRD IRON ROAD LTD $58,963,108.00 0.087 63% Iron ore
BAU BAUXITE RESOURCES LTD $12,865,340.00 0.06 62% Bauxite
CAZ CAZALY RESOURCES LTD $6,751,752.50 0.029 61% Cobalt/Gold
RLE REAL ENERGY CORP LTD $40,717,356.00 0.135 59% Oil and Gas
TDO 3D OIL LTD $31,822,604.00 0.13 59% Oil and Gas
GLN GALAN LITHIUM LTD $50,463,660.00 0.495 58% Lithium
G1A GALENA MINING LTD $131,438,912.00 0.37 55% Lead


The Newcomers

The ASX only gained one newcomer, African Gold (ASX: A1G). The Cote d’Ivoire gold explorer has been volatile since listing but overall has gained 25 percent since listing.

After a poor few months, its possible the success of A1G will encourage more mining companies to seek an ASX listing in the near future.


This content does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.