Who made the gains? Here are January’s top 50 small cap miners...

Who made the gains? Here are January’s top 50 small cap miners and explorers
Resources
17 hours ago | Reuben Adams


It’s been a much calmer (borderline optimistic) start to the new year for small caps, following the frenzied, ghastly run that capped off 2018.
The market has rebounded, and money is slowly starting to trickle back into the junior end of the market.
The ASX Small Ords – which is the benchmark for Australian small cap companies — is in recovery mode, currently at its highest point since November last year.
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The ASX Small Ordinaries over the past 3 months.
Alex Molyneux is managing director at advanced explorer Galena Mining, which enjoyed huge share price gains in January.
Mr Molyneux sees more interest ‘creeping’ into the junior market — but it’s still far from well-supported.
“I definitely see companies still trading well below the value of their positive recent achievements in many instances, and in that regard, there is still heaps of opportunity in the junior space for 2019,” he told *.
Over the past 12 months only 122 small cap resources stocks have come out ahead — over 507 are in negative territory.
But for January it looks more balanced, with 269 stocks gaining ground.
There are a number of stocks that have made some huge gains over the past month. Here’s a few of the highlights.
Scroll to the end for our Top 50 resources performers for January>>>




Australia has talent INDEED.

Aspiring uranium producer Berkeley Energia (ASX:BKY) is riding the speculation roller coaster, up 172 per cent to about 49c for the month.
There are rumours that Berkeley is about to snag a crucial endorsement from Spain’s nuclear watchdog for its Salmanca uranium project.
That unverified titbit detonated a rocket under Berkeley’s share price, which was up more than 61 per cent to 40c on January 11.
But it’s swings and roundabouts; the explorer’s share price plummeted 30 per cent in October last year after another unnamed source told Spanish media that the government was going to deny permits for Salamanca.

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The aforementioned Galena Mining (ASX:G1A) leapt out the gate on January 31 after locking in a company-making $90 million deal that sent the stock up 40 per cent to a record high of 35c per share.
The explorer casually announced (an hour after the market closed the night before) it had secured a $90 million investment from Toho Zinc, a $47 billion Japanese lead and zinc smelting company.
With this funding in place, Galena has the cash it needs to start construction on its big Abra lead mine this year.
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Galena shares up to the end of January.
Battery metals are still on the nose with investors, but there’s a number of graphite, vanadium, cobalt and lithium hopefuls head and shoulders above the pack.
Advanced graphite explorer Black Rock Mining (ASX:BKT) is a clear leader, up over 105 per cent for the month.
Nipping at its heels are vanadium players Pursuit Minerals (ASXUR) and Tando Resources(ASX:TNO), graphite/ battery hopeful Magnis Energy Technologies (ASX:MNS), and advanced cobalt explorer Australian Mines (ASX:AUZ), amongst others.
But gold plays are the clear standout.
The price on a rare tear, and it is taking a bunch of juniors along for the ride; 17 of our top 50, in fact.




The best gold performers include Sunstone Metals (ASX:STM), Hawthorn Resources (ASX:HAW)and Magnetic Resources (ASX:MAU), up 64 per cent, 61 per cent and 60 per cent respectively for the month.
“With Aussie dollar gold above $1800, a lot of Aussie gold miners are going to be making very, very good money,” precious metals analyst Jordan Eliseo told *.
“I think that over the last year it’s probably been the mid-tiers and larger producers that have performed best share price-wise, but I think as this gold bull market gets more entrenched, you’re going to see capital move down to the juniors and even to some of the explorers.”
Heres the top 50 mining small caps for the month of January>>>
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop

	Ticker	Name	One Month Price Change %	One Year Price Change %	Share Price	Market Cap [Million $AU]

1	ABR	AMERICAN PACIFIC BORATE & LITHIUM	32.14	-45.59	0.19	35.35
2	ADT	ADRIATIC METALS	38.39	285	0.77	116.62
3	AQX	ALICE QUEEN	33.33	-70.54	0.02	10.43
4	ATU	ATRUM COAL	42.05	-19.64	0.13	45.1
5	AUZ	AUSTRALIAN MINES	26.47	-54.74	0.04	121.43
6	AXT	ARGO EXPLORATION	36.36	-40	0.01	2.74
7	BAU	BAUXITE RESOURCES	40	18.46	0.08	16.51
8	BGH	BLIGH RESOURCES	31.25	90.91	0.06	18.01
9	BKT	BLACK ROCK MINING	105.56	25.42	0.07	39.85
10	BKY	BERKELEY ENERGIA	172.22	-42.69	0.49	126.62
11	CKA	COKAL	80	40	0.06	47.33
12	CNL	CELAMIN HOLDINGS	26.92	-96.7	0.03	4.37
13	DTR	DATELINE RESOURCES	50	-79.63	0.003	9.42
14	E2M	E2 METALS	25	-23.08	0.1	6.07
15	ERA	ENERGY RESOURCES OF AUSTRALIA	35.42	-60.61	0.32	168.26
16	FEL	FE	53.85	-62.96	0.02	7.47
17	FEX	FENIX RESOURCES	86.96	-42.67	0.04	9.15
18	G1A	GALENA MINING	106.45	39.13	0.32	107.85
19	GBZ	GBM RESOURCES	50	-33.33	0.01	6.54
20	GCR	GOLDEN CROSS RESOURCES	185.71	160.87	0.06	6.1
21	GTE	GREAT WESTERN EXPLORATION	40	-58.82	0.01	6.76
22	HAW	HAWTHORN RESOURCES	60.98	-10.81	0.07	21.56
23	HCH	HOT CHILI	41.67	-46.87	0.02	13.19
24	IMA	IMAGE RESOURCES	47.73	62.5	0.16	156.69
25	LNY	LANEWAY RESOURCES	66.67	25	0.005	18.4
26	MAU	MAGNETIC RESOURCES	60	2.56	0.2	38.2
27	MCM	MC MINING	49.33	61.15	1.12	157.79
28	MNS	MAGNIS ENERGY TECHNOLOGIES	27.78	-19.77	0.34	210.84
29	MOD	MOD RESOURCES	40.65	-43.67	0.31	87.75
30	MRQ	MRG METALS	25	-28.57	0.005	3.34
31	MYL	MYANMAR METALS	25.42	12.12	0.07	93.33
32	NME	NEX METALS EXPLORATION	100	25	0.02	3.81
33	ODM	ODIN METALS	105.56	-44.78	0.19	28.44
34	ORN	ORION MINERALS	50	-28.57	0.03	56.21
35	PAN	PANORAMIC RESOURCES	30.56	6.82	0.47	232.43
36	PBX	PACIFIC BAUXITE	58.33	-67.8	0.02	7.54
37	PUR	PURSUIT MINERALS	66.67	-60.87	0.05	6.43
38	RCP	REDBANK COPPER	100	-40	0.04	4.91
39	RDM	RED METAL	26.37	-20.69	0.12	24.41
40	RED	RED 5	30.43	62.16	0.12	149.18
41	SBU	SIBURAN RESOURCES	33.33		0.004	2.79
42	SHH	SHREE MINERALS	40	-20.81	0.01	4.19
43	STM	SUNSTONE METALS	63.64	16.13	0.04	43.74
44	SYA	SAYONA MINING	27.78	-61.67	0.02	39.59
45	TIE	TIETTO MINERALS	30.77	-59.52	0.09	19.25
46	TNO	TANDO RESOURCES	51.9	81.77	0.12	23.23
47	TNR	TORIAN RESOURCES	38.89	-68.75	0.03	6.36
48	TSL	TITANIUM SANDS	50	-14.29	0.02	10.24
49	TYK	TYCHEAN RESOURCES	33.33	-50	0.004	2.57
50	ZMI	ZINC OF IRELAND	25	-16.67	0.005	12.15