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        <title>Resource Mining (ASX:RMI) Share Price News | The Motley Fool Australia</title>
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                                <title>3 ASX mining shares going gangbusters on Thursday</title>
                <link>https://www.fool.com.au/2022/05/26/3-asx-mining-shares-going-gangbusters-on-thursday/</link>
                                <pubDate>Thu, 26 May 2022 04:36:10 +0000</pubDate>
                <dc:creator><![CDATA[Brooke Cooper]]></dc:creator>
                		<category><![CDATA[Resources Shares]]></category>

                <guid isPermaLink="false">https://www.fool.com.au/?p=1373962</guid>
                                    <description><![CDATA[<p>These ASX miners are launching more than 20% higher on Thursday. Here's why.</p>
<p>The post <a href="https://www.fool.com.au/2022/05/26/3-asx-mining-shares-going-gangbusters-on-thursday/">3 ASX mining shares going gangbusters on Thursday</a> appeared first on <a href="https://www.fool.com.au">The Motley Fool Australia</a>.</p>
]]></description>
                                                                                            <content:encoded><![CDATA[
<p>The <strong>S&amp;P/ASX 200 Resources Index</strong> (ASX: XJR) is underperforming on Thursday, but these ASX mining shares are bucking the trend to record whopping gains.</p>



<p>They've all surged more than 20% today – some for no apparent reason.</p>



<p>Let's take a closer look at what's going on with these three ASX mining shares.</p>



<h2 class="wp-block-heading"><strong>3 ASX mining shares rocketing higher</strong></h2>



<h3 class="wp-block-heading"><strong>Galileo Mining Ltd (<a class="tickerized-link" href="https://www.fool.com.au/tickers/asx-gal/">ASX: GAL</a>)</strong></h3>



<p>The Galileo Mining share price is surging upwards once more on Thursday, gaining 49.2% to trade at $1.41.</p>



<p>Its gains come on the back of <a href="https://www.fool.com.au/2022/05/26/galileo-mining-share-price-surges-another-25-on-very-important-drill-results/">assay results released by the company</a> this morning. The results from six drill holes have confirmed palladium, platinum, gold, copper, and nickel at the company's Norseman Project's Callisto discovery.</p>



<p>Galilea Mining is now planning to kick off another 20-hole drilling program at the discovery next week.</p>



<p>Its shares are now up 509% this year to date.</p>



<h3 class="wp-block-heading"><strong>Resource Mining Corporation Limited (<a class="tickerized-link" href="https://www.fool.com.au/tickers/asx-rmi/">ASX: RMI</a>)</strong></h3>



<p>The Resource Mining share price is also launching higher today. It's surged 33% to trade at 14 cents right now. That's a new multi-year high for the ASX mining share.</p>



<p>There's been no news from the Tanzania-focused nickel explorer since 17 May. However, it did release a non-price sensitive <a href="https://www.fool.com.au/tickers/asx-rmi/announcements/2022-05-26/6a1093127/investor-presentation/">investor presentation</a> on Thursday.</p>



<p>The company is continuing to work towards <a href="https://www.fool.com.au/tickers/asx-rmi/announcements/2022-05-09/6a1090934/proposed-nickel-projects-acquisition-tanzania/">its acquisition of five nickel projects</a> in Tanzania, as announced earlier this month.</p>



<p>Resource Mining shares have soared 350% since the start of the year.</p>



<h3 class="wp-block-heading" id="h-ragusa-minerals-ltd-asx-ras"><strong>Ragusa Minerals Ltd (<a class="tickerized-link" href="https://www.fool.com.au/tickers/asx-ras/">ASX: RAS</a>) &nbsp;</strong></h3>



<p>The final ASX mining share to post a whopper of a gain on Thursday is Ragusa Minerals. The company's stock is currently 22.7% higher, trading at 14 cents.</p>



<p>There's been no news from the $14 million gold-turned-lithium explorer today.</p>



<p>However, it announced its <a href="https://www.fool.com.au/2022/05/23/tiny-asx-gold-share-soars-23-on-transformational-lithium-prospects/">spin towards the 'white gold' that is lithium</a> earlier this week.</p>



<p>The company has shaken on a tenement farm-in agreement that will see it able to earn an initial 90% interest in five lithium prospective tenements in the Northern Territory. It also has the option to up its stake in the tenements to 100% in the future.</p>



<p>Since the start of 2022, the Ragusa Minerals share price has gained 69%.</p>
<p>The post <a href="https://www.fool.com.au/2022/05/26/3-asx-mining-shares-going-gangbusters-on-thursday/">3 ASX mining shares going gangbusters on Thursday</a> appeared first on <a href="https://www.fool.com.au">The Motley Fool Australia</a>.</p>
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                                                                                                                    </item>
                            <item>
                                <title>3 ASX mining shares that went gangbusters on Friday</title>
                <link>https://www.fool.com.au/2022/05/20/3-asx-mining-shares-that-went-gangbusters-on-friday/</link>
                                <pubDate>Fri, 20 May 2022 06:32:15 +0000</pubDate>
                <dc:creator><![CDATA[Brooke Cooper]]></dc:creator>
                		<category><![CDATA[Resources Shares]]></category>
		<category><![CDATA[trending]]></category>

                <guid isPermaLink="false">https://www.fool.com.au/?p=1369913</guid>
                                    <description><![CDATA[<p>These ASX resource stocks ended the week on notable highs.</p>
<p>The post <a href="https://www.fool.com.au/2022/05/20/3-asx-mining-shares-that-went-gangbusters-on-friday/">3 ASX mining shares that went gangbusters on Friday</a> appeared first on <a href="https://www.fool.com.au">The Motley Fool Australia</a>.</p>
]]></description>
                                                                                            <content:encoded><![CDATA[
<p>The market has come to a close for the week and all (or at least most) seems well. That's especially true in the camps of these ASX mining shares.</p>



<p>Despite a spot of trouble through the week, the <a href="https://www.fool.com.au/latest-all-ords-chart-price-news/"><strong>All Ordinaries Index</strong></a>&nbsp;(ASX: XAO) finished it 1% higher than it started. It was a similar story for the<strong> </strong><a href="https://www.fool.com.au/latest-asx-200-chart-price-news/"><strong>S&amp;P/ASX 200 Index</strong></a>&nbsp;(ASX: XJO), which recorded a gain of 0.9% over this week.</p>



<p>It was a better outcome for these ASX mining shares. They each recorded gains of up to 20% on Friday. Let's take a look at what pushed them upwards.</p>



<h2 class="wp-block-heading"><strong>3 ASX mining shares rocking the market on Friday</strong></h2>



<h3 class="wp-block-heading"><strong>Chalice Mining Ltd (<a class="tickerized-link" href="https://www.fool.com.au/tickers/asx-chn/">ASX: CHN</a>)</strong></h3>



<p>First up is ASX 200 mining share, Chalice Mining. The mineral exploration company recorded a gain of 19.06% on Friday, closing the week at $6.81.</p>



<p>The company released <a href="https://www.fool.com.au/2022/05/20/heres-why-the-chalice-mining-share-price-is-jumping-15-today/">good news about its Julimar Project</a> today. The project is being explored for commodities including nickel, copper, platinum group elements, cobalt, and gold.</p>



<p>Excitingly, Chalice Mining today announced it has been granted approvals needed to start low-impact exploration drilling at the project's Hartog-Dampier targets. The drilling will test for green metals in the area.</p>



<h3 class="wp-block-heading"><strong>Nico Resources Ltd (<a class="tickerized-link" href="https://www.fool.com.au/tickers/asx-nc1/">ASX: NC1</a>)</strong></h3>



<p>Next up is the Nico Resources share price. The ASX mining share surged 11.06% today to close the week at $1.16.</p>



<p>Interestingly, there's been no news from the recently listed nickel explorer since late last month.</p>



<p>However, the price of nickel <a href="https://www.lme.com/en/metals/non-ferrous/lme-nickel#Price+graphs">surged 8%</a> on the London Metal Exchange overnight, rising to trade at around US$28,200 a tonne. That's the highest it's been since 10 May.</p>



<h3 class="wp-block-heading" id="h-resource-mining-corporation-limited-asx-rmi"><strong>Resource Mining Corporation Limited (<a class="tickerized-link" href="https://www.fool.com.au/tickers/asx-rmi/">ASX: RMI</a>)</strong></h3>



<p>The third ASX mining share recording a major gain on Friday is Resource Mining. It's share price soared 19.57% to close at 11 cents.</p>



<p>Market watchers will be forgiven for not instantly recognising Resource Mining. The company is focused on nickel exploration in Tanzania and has a <a href="https://www.fool.com.au/definitions/market-capitalisation/">market capitalisation</a> of around $36 million. </p>



<p>Thus, it could also have gained on the back of higher commodity prices. Though, today's gains might also be related to <a href="https://www.fool.com.au/tickers/asx-rmi/announcements/2022-05-17/6a1091974/capital-raising-and-debt-repayment/">a capital raise and debt repayment</a> the company announced on Tuesday.</p>
<p>The post <a href="https://www.fool.com.au/2022/05/20/3-asx-mining-shares-that-went-gangbusters-on-friday/">3 ASX mining shares that went gangbusters on Friday</a> appeared first on <a href="https://www.fool.com.au">The Motley Fool Australia</a>.</p>
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