Market Wrap – ASX micro to small-cap resources stocks

29 Jan 2015

The top riser of the day on ASX micro to small-cap resources stocks was Apollo Consolidated Limited (ASX: AOP) up 83% to close at $0.022. The company is a gold and nickel sulphide explorer focussed on projects in West Africa. The company recently commenced field work at its 100% owned Korhogo and Boundiali exploration permits in northern Cote d’Ivoire.



The biggest loser of the day was Stonewall Resources Limited (ASX: SWJ) down 76% to close at $0.045. Today, the company announced a combined Mineral Resource increase of 5.94% ounces gold at its projects and that it has entered into a new funding arrangement of up to A$13.5 million with an initial drawdown of A$1.5 million. The company also announced today that production has commenced at its TGME gold mine located in South Africa.



Resources Stocks to Watch (RSTW) is the leader in research on ASX micro to mid-cap mining stocks and commodities. We are independent and therefore not sponsored by the mining industry so we tell it like it is. Our research is written by experienced geologists and resources analysts, the experts in the field.

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