Kuniko Ltd (ASX: KNI), Dundas Minerals Ltd (ASX: DUN) and Element 25 Ltd (ASX: E25) shares are all rocketing ahead today. The ASX 200 Materials Index is up 0.94% today.

So why are these ASX mining shares having such a stellar day?

Kuniko

Kuniko shares are soaring 11% today. The company is exploring the Skuterud Cobalt project in Norway. Drill assay results showed "significant cobalt mineralisation". Copper was also identified. Kuniko plans to conduct further drilling at the site to unlock the "promising upside" of the project.

Commenting on the news, CEO Antony Beckmand said:

We are increasingly confident the results are supporting the potential for identifying cobalt-copper rich zones at a large scale.

Element 25

Element 25 shares are soaring 17% today. The company updated investors on plans to produce high purity battery grade manganese sulphate from the company's Butcherbird Project. A feasibility study is on schedule for completion in December. Element 25 is also in discussions with potential offtake partners. Furthermore, the company highlighted how it could qualify for clean energy and electric vehicle incentives in the USA Inflation Reduction Act.

Element 25 had this to say regarding the news:

Importantly for Element 25 investors, qualifying FTA countries include Australia and qualifying critical minerals include manganese.  

Dundas Minerals

Dundas shares are soaring 45% today. Earlier today, the company's share price exploded 100%. Dundas is exploring nickel, copper, cobalt and gold in Western Australia. Drilling at the site intersected with massive and disseminated sulphides along with sulphidic quartz veins.

Commenting on the news, managing director Shane Volk said:

Given the results from hole 1, we'd expect to intercept sulphides again in hole 2.

The post 3 ASX mining shares rocketing higher on project developments appeared first on The Motley Fool Australia.

If you said Dundas Minerals Ltd (ASX: DUN), go to the front of the class.

The ASX mining share has given back some of those opening gains but remains up an impressive 50% at the time of writing.

So, what's piquing investor interest?

What did Dundas Minerals report?

Investors are bidding up the junior ASX mining share after it announced promising results from the first diamond drill hole at its Central exploration target.

Dundas is exploring for nickel, copper, cobalt and gold in the prospective Albany-Fraser Orogen, located in Western Australia.

The first drill hole was reported to have successfully intercepted a mafic-ultramafic complex. This includes extensive zones of massive, semi-massive, highly disseminated and disseminated sulphides.

If that's all a bit technical for you, you're not alone.

The ASX mining share noted that the geological setting at Central is complex. While Dundas does not yet have a sufficient understanding of the geology based on the single diamond drill hole, the miner said the environment is "conducive to an intrusive Ni-Cu-Co type deposit, plus gold and silver".

The company is currently awaiting assay results to confirm mineralisation. It was planning four additional diamond drill holes at the site, with a total drill program of some 2,000 metres intended. But following on the strong results of the first hole, Dundas said it is likely to expand that drill program.

Commenting on the results, Dundas Minerals managing director Shane Volk said:

Whilst we were always quietly confident of the geophysical data modelling… to see it transpire as it has is extremely rewarding for the small Dundas Minerals team, actually it's an outstanding result.

We now very much look forward to receiving the assay results from Hole 1 and to the drilling of our second hole at Central, which will be almost vertical…. to a depth of more than 500 metres. Given the results from Hole 1, we'd expect to intercept sulphides again in Hole 2.

How has this ASX mining share been tracking?

The Dundas Minerals share price is on a tear this year.

Since the opening bell on 4 January, the ASX mining share has leapt 811% higher. That's over the same period that the All Ordinaries Index (ASX: XAO) has fallen 13%.

The post Guess which ASX mining share just rocketed 100% on a new discovery appeared first on The Motley Fool Australia.

The Ragusa Minerals Ltd (ASX: RAS), Talga Group Ltd (ASX: TLG) and Dundas Minerals (ASX: DUN) share prices are all storming ahead.

Let's take a look at why these three ASX shares are surging today.

Talga Group

Talga shares are lifting 13% today. The company is developing battery and advanced materials in Sweden for a cleaner future. Today, Talga announced it has signed a non-binding off take term sheet with Automotive Cells Company SE (ACC).

Talga will supply ACC with its flagship lithium-ion battery anode product, Talnode-C, from the Vittangi Anode Project in Sweden. Talga will provide ACC with 60,000 tonnes of Talnode-C over five years.

Ragusa Minerals

Ragusa shares are soaring nearly 30% today. This follows an update on the company's Northern Territory Lithium Project.

The company released details on its upcoming drilling program at the project. Preparation earthworks including access track and drill pad clearing are now complete.

At a recent site visit, a new pegmatite of 150m outcrop was discovered at the eastern edge of the project area.

Commenting on the news, chair Jerko Zuvela said:

We have a significant opportunity to utilise our exploration and development experience to rapidly progress our NT Lithium Project and realise the massive upside value potential in a Tier 1 jurisdiction close to major infrastructure at a time of record lithium prices.

Dundas Minerals

Dundas Minerals shares are soaring 47% today. The company's shares have surged 196% since the market close on Friday. This follows the company discovering "massive sulphides" in two drill holes.

The company is exploring the Albany-Fraser Orogen belt in Western Australia. Many samples showed sulphides anomalous in cobalt, nickel, copper and silver.

The post 3 ASX lithium and battery minerals ASX shares going gangbusters today appeared first on The Motley Fool Australia.

Dundas Minerals Ltd (ASX: DUN) shares have soared 200% since market close on Friday and are currently trading at 63 cents. Today alone, Dundas shares have risen by 48%.

Let's take a look at what is impacting this ASX mining share.

Why is the Dundas share price rising?

Dundas is exploring nickel, copper, gold, and cobalt at the Albany-Fraser Orogen belt in Western Australia.

Investors are buying up Dundas shares on the back of drilling results at the company's exploration target.

Dundas discovered massive sulphides and ultramafic rocks at two holes drilled to a depth of 37 metres.

Analysis using pXFR showed multiple samples were anomalous in cobalt, nickel, copper, and silver.

Commenting on the results, managing director Shane Volk said:

The cobalt, copper, nickel and silver pXRF readings are very encouraging. We are moving as quickly as possible to test both Central AMT anomalies with diamond drill holes to depths of up to 500m.

As far as Dundas Minerals can determine, there has been no prior exploration ever conducted in this area of the Albany-Fraser Orogen, we are working in an absolute greenfield exploration environment.

Dundas listed on the ASX in November 2021.

Share price snapshot

Dundas Minerals shares have surged 220% in the year to date. In the past month, Dundas shares have exploded 330%.

This ASX mining share has a market capitalisation of more than $25 million based on the current share price.

The post Why has this ASX mining share exploded 200% in 2 days? appeared first on The Motley Fool Australia.