It's another positive day for most ASX investors today, with the All Ordinaries Index (ASX: XAO) up a healthy 0.6% in afternoon trading.
While that's a welcome boost, it pales in comparison to the smashing gains posted by three ASX mining shares today, all of which are up 20% or more.
So which ASX mining shares are rocketing?
We're glad you asked!
This ASX mining share is up 20% today
The Minbos Resources Ltd (ASX: MNB) share price is up 19.5% at the time of writing to 6 cents per share, having earlier posted intraday gains of more than 23%.
Investors are snapping up shares in the mineral explorer after the company reported it will complete the definitive feasibility studies at its Cabinda Phosphate Project and its Capanda Green Hydrogen-Ammonia Project, both located in Angola.
The ASX mining share will use the $2.5 million it just received from ALS for its remaining interests in the Ambato Rare Earths Project, located in Madagascar.
Minbos CEO, Lindsay Reed highlighted the potential value of the hydrogen project, saying:
Our positioning with the Green Hydrogen-Ammonia Project puts the Company ahead of most, if not all, other ASX listed peers giving Minbos a significant time, infrastructure spend and power pricing advantage. These advantages cannot be underestimated.
The Minbos share price is now up 158% year-to-date.
Today's second big gainer
The second ASX mining share shooting the lights out today is Greenstone Resources Ltd (ASX: GSR), up 24.4%. to 5.6 cents per share.
The gold explorer appears to be getting a delayed boost from yesterday's release announcing positive drill results from its 100% owned Burbanks Gold Project, located in Western Australia.
Greenstone reported that the ongoing drill campaign "continues to return multiple high-grade intercepts".
Commenting on the strong gold results, Greenstone CEO, Chris Hansen said:
We are highly encouraged by these most recent results from Burbanks North, having returned multiple bonanza grade intercepts in quick succession which are in line with the historical underground production grades from the Burbanks Mining Centre.
Which brings us to…
Today's top performing ASX mining share
Leading the charge higher is Conico Ltd (ASX: CNJ). Shares in the mining minnow are up an eye-popping 66.7% today to 4 cents per share.
The ASX mining share is primarily focused on cobalt, nickel, and manganese, but its share price appears to be moving for reasons unrelated to any new discoveries.
Instead, Conico reported this morning on the shortfall in subscriptions for its fully underwritten, pro-rata non-renounceable rights offer made to shareholders. That offer was fully written by Peloton Capital and closed on 18 May.
Conico stated:
Accordingly, upon completion of issuing of the new shares (and one for two free attaching options to acquire Shares at 2.6 cents each on or before 31 December 2026), the total amount raised (after the shortfall was placed) is $2,492,202
Despite today's big lift, the ASX mining share remains down 2.5% year-to-date.
