The S&P/ASX 200 Materials Index (ASX: XMJ) is 0.52% in the green today, but these three ASX mining shares are charging higher.
The Minbos Resources Ltd (ASX: MNB), Meteoric Resources NL (ASX: MEI) and BBX Minerals Ltd (ASX: BBX) share prices are all lifting today.
Let's take a look at these three ASX mining shares in more detail.
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BBX Minerals
BBX Minerals shares are lifting 19% at the time of writing to 8.7 cents. However, in earlier trade BBX shares soared 27% before retreating. BBX is a mineral exploration and technology company with operations in northern Brazil.
In news today, BBX advised bioleaching test work is continuing to show "excellent results". Results from a sample from drill hole TED-015 showed a recovered grade of:
- 95.38 g/t 5E precious metals (14.13 grams per tonne (g/t) gold, 79.27 g/t palladium, 0.17 g/t platinum, 0.72 g/t lawrencium and 1.1 g/t rhodium)
The BBX share price has descended nearly 44% in the last year. However, it has recovered 24% in the last week.
Minbos Resources
Minbos Resources shares are soaring 22% today to 9.3 cents despite no news from the company. The company is developing the Cabinda Phosphate Project and the Capanda Green Ammonia Project.
Last week, Minbos reported it had signed a historic green energy Memorandum of Understanding (MOU) for the Capanda Green Ammonia Project. The MOU has been signed between Minbos' wholly owned subsidiary Green Amonia and Angola's National Electricity Transmission Network. Minbos described the agreement as a "global green energy first". Commenting on the news, Minbos CEO Lindsay Reed said:
The MOU with Angola's National electricity network operator has created a number of green project global firsts.
The Minbos share price has slid 15% in the last year.
