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        <title>Atlantic Lithium Limited (LSE:ALL) Share Price News | The Motley Fool Australia</title>
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                                <title>3 ASX mining shares that surged over 10%  on Wednesday</title>
                <link>https://www.fool.com.au/2023/03/15/3-asx-mining-shares-that-surged-over-10-on-wednesday/</link>
                                <pubDate>Wed, 15 Mar 2023 06:01:50 +0000</pubDate>
                <dc:creator><![CDATA[Monica O'Shea]]></dc:creator>
                		<category><![CDATA[Materials Shares]]></category>
		<category><![CDATA[Share Gainers]]></category>

                <guid isPermaLink="false">https://www.fool.com.au/?p=1542205</guid>
                                    <description><![CDATA[<p>We take a look at why these three explorers had such a stellar run today. </p>
<p>The post <a href="https://www.fool.com.au/2023/03/15/3-asx-mining-shares-that-surged-over-10-on-wednesday/">3 ASX mining shares that surged over 10%  on Wednesday</a> appeared first on <a href="https://www.fool.com.au">The Motley Fool Australia</a>.</p>
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<p>The <strong>S&amp;P/ASX 200 Materials Index </strong>(ASX: XMJ) climbed 0.9% today, but these three <a href="https://www.fool.com.au/investing-education/top-mining-shares/">ASX mining shares</a> soared far higher. </p>



<p>The <strong>Lode Resources Ltd </strong>(<a class="tickerized-link" href="https://www.fool.com.au/tickers/asx-ldr/">ASX: LDR</a>), <strong>Atlantic Lithium Ltd </strong>(<a class="tickerized-link" href="https://www.fool.com.au/tickers/asx-a11/">ASX: A11</a>), and <strong>Benz Mining Corp </strong>(<a class="tickerized-link" href="https://www.fool.com.au/tickers/asx-bnz/">ASX: BNZ</a>) share prices all lifted by more than 10% during trading today. </p>



<p>Let's take a look at why these three ASX mining shares had such a top run. </p>



<h2 class="wp-block-heading" id="h-lode-resources">Lode Resources </h2>



<p>The Lode Resources share price soared 23% in early trade today from 22 cents to 27 cents before retreating. The explorer's shares closed 13.64% ahead. Lode is exploring silver, gold, and copper in the New England Fold Belt in New South Wales. </p>



<p>The gold price is currently <a href="https://www.cnbc.com/quotes/@GC.1">down 0.27% </a>to US$1,906 an ounce, according to <em>CNBC</em>, while silver is sliding 0.88%. Copper is <a href="https://tradingeconomics.com/commodity/copper" target="_blank" rel="noreferrer noopener">up 0.3%</a> to US$4.0116 a pound,<em> Trading Economics</em> data shows.  </p>



<p>Diamond drilling has <a href="https://www.fool.com.au/tickers/asx-ldr/announcements/2023-02-27/2a1433510/diamond-drilling-program-recommences-at-webbs-consol/">recently recommenced</a> at Lode's Webbs Consol Silver project in New South Wales. Commenting on the work at the project, Lode managing director Ted Leschke said: </p>



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><p>Drilling to date has discovered six mineralised lodes and revealed that the Webs Consol mineral system much more extensive than previous recognised.<br>The Company is well funded for the planned drill programme and beyond.</p></blockquote>



<h2 class="wp-block-heading" id="h-benz-mining-corp">Benz Mining Corp </h2>



<p>Benz Mining shares surged 11.8% in earlier trade from 38 to 42.5 cents. The company's shares finished at 42 cents each at market close, up 10.53%. </p>



<p>Benz Mining is exploring gold, copper, lithium, and nickel in the James Bay area of Quebec, Canada. Benz shares lifted today despite no news from the company. In February, Benz advised its 2023 <a href="https://www.fool.com.au/tickers/asx-bnz/announcements/2023-02-01/6a1134533/2023-diamond-drilling-campaign-underway/">diamond drilling campaign</a> has started in the Upper Eastmain Greenstone Belt. Assay results are pending for 1,600 samples including lithium and gold assays. </p>



<h2 class="wp-block-heading" id="h-atlantic-lithium">Atlantic Lithium </h2>



<p>Atlantic Lithium rebounded on Wednesday. The company's share price surged 14.6% in morning trade from 41 to 47 cents. The lithium developer's share price closed at 44 cents, a 7.32% gain. </p>



<p>Today's gains follow a recent tough run for the lithium explorer. The company last week refuted a <a href="https://www.fool.com.au/definitions/short-selling/">short seller</a> report from investment firm Blue Orca. </p>



<p>Atlantic Lithium shares could have lifted today if investors believed the company's shares were sold off unfairly following the attack. It's also possible short sellers could now be <a href="https://www.fool.com.au/2023/03/15/guess-which-asx-lithium-share-just-rebounded-15/">closing their positions</a>, as my Foolish colleague James reported today. </p>
<p>The post <a href="https://www.fool.com.au/2023/03/15/3-asx-mining-shares-that-surged-over-10-on-wednesday/">3 ASX mining shares that surged over 10%  on Wednesday</a> appeared first on <a href="https://www.fool.com.au">The Motley Fool Australia</a>.</p>
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