Why Aeris Resources, Evolution, Li-S Energy, and Race Oncology shares are charging higher

These ASX shares are having a strong session on Tuesday.

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The S&P/ASX 200 Index (ASX: XJO) is having a subdued session ahead of the RBA meeting. In afternoon trade, the benchmark index is a few points lower at 7,220.1 points.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are charging higher:

Aeris Resources Ltd (ASX: AIS)

The Aeris Resources share price is up 4% to 68.5 cents. This follows the announcement of the maiden mineral resource estimate (MRE) from the copper producer's Kurrajong deposit. According to the release, the MRE comprises 2.2 million tonnes at 1.7% copper. This includes a high-grade massive sulphide lens of 1.1 million tonnes at 2.5% copper. The Kurrajong deposit is located approximately 20km east of the Tritton Processing plant.

Evolution Mining Ltd (ASX: EVN)

The Evolution share price is down 3.5% to $3.22. Investors have been buying Evolution and other gold miner's shares today after the gold price rose beyond the US$2,000 an ounce mark. This has seen the S&P/ASX All Ordinaries Gold index rise by a sizeable 2.7% this afternoon.

Li-S Energy Ltd (ASX: LIS)

The Li-S Energy share price has rocketed 41% higher to 36 cents. This morning, this battery technology company released an update on its development of lithium sulfur and lithium metal batteries. Management revealed that it has developed new 20-layer battery cells using third generation semi-solid state lithium sulfur technology. The new battery cells have 45% more volumetric energy density due to lower porosity cathode material.

Race Oncology Ltd (ASX: RAC)

The Race Oncology share price is up 6% to $1.95. This has been driven the release of research from Triangle Insights. The company summarised the research, revealing that it shows that its Zantrene product is well-positioned for use in metastatic breast cancer broadly. The research also suggests that the product could have a multi-billion dollar market opportunity.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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