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Australian Mines sits atop the ASX Volume Leaders as cobalt exploration commences

The company's shares have eased today, but are still up 31% over the past week.

The most active stocks in afternoon trade

Australian Mines Ltd (ASX:AUZ) is the most traded stock on the ASX by 2:30pm today, with 93 million shares changing hands, with the total value of trades over $2 million.

The company's shares have eased 4.6% to $0.021.

At the end of September, the company commissioned a helicopter-borne electromagnetic and magnetic geophysical survey of its wholly-owned Thackaringa Cobalt Project, which is located in a region highly prospective for cobalt mineralisation near Broken Hill in New South Wales.

This will be the first exploration work on the greenfields project since Australian Mines acquired Thackaringa in February this year.

The survey has been designed to map the sulphide-bearing geology which hosts the region’s known cobalt mineralisation.

Company Name Code Last Change Volume
Australian Mines Ltd AUZ $0.021 -4.55% 93,324,715
Uranium Equities Ltd UEQ $0.012 100% 45,116,734
Merlin Diamonds Ltd MED $0.004 -33.33% 43,388,897
Lynas Corporation Ltd LYC $0.222 0.91% 37,119,438
Centuria Capital Ltd CNI $1.405 8.08% 34,966,751
Lakes Oil NL LKO $0.002 100% 26,628,774
Mustang Resources Ltd MUS $0.137 24.55% 26,209,599
Boart Longyear Ltd BLY $0.021 0% 24,245,441
Kairos Minerals Ltd KAI $0.057 -9.52% 24,150,742
Vital Metals Ltd VML $0.008 14.29% 22,525,018


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