Some ASX-listed explorers have a tendency to rush into things. The process can be as simple as secure the tenements, apply for an exploration license, get boots on the ground as soon as possible and then drill, baby, drill. However, with so much of the good ground around the world already explored to a certain degree, sometimes taking the time to do proper research and gain a different perspective can make all the difference.
Take historic drill results, for example. The expensive drilling side of the exploration has already been completed, so why not take a closer look at what these past explorers actually had on-site. Journalism for the curious Australian across politics, business, culture and opinion.
It seems that this approach has been fruitful recently, with two of our four Bulls N’ Bears ASX Runners of the Week making gains on the results of historical drilling – and in both cases the discovery has been impressive rare earths assays. Taking out top place in this week’s column is DY6 Metals, which enjoyed an enormous share price surge of more than 500 per cent – 505.26 per cent to be precise – from a previous close of just 3.
8c to a high of 23c. More than 22.6 million shares changed hands on Monday, eclipsing the company’s previous biggest trading day of a little more than 1.
5 million shares. The market interest was sparked by a deep dive into historical drilling that was completed back in 2014 at DY6’s Tundulu project on the southern edge of Malawi where .
