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Stocks of the Hour: ELT, FAL, MAT, ANP

Abbey Phillipps from Finance News Network breaks down some stocks making noise in today's ASX trading session.

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Elementos (ASX:ELT) announced a 2023 Mineral Resource Estimate update at its Oropesa Tin Project in Spain. The 2023 MRE increased by 4% to 19.6 million tonnes at 0.39% Tin and contained tin increased by more than 12% to 71.8 thousand tonnes. In response, Elementos Managing Director Joe David stated, โ€œWe achieved our main aim of upgrading all the Inferred Resources located within the 2022 Optimisation Study US$30,000 pit shell, to Measured and Indicated resources.โ€ Shares are trading flat at 30.25 cents.

Falcon Metals (ASX:FAL) has announced multiple high-grade gold intercepts at the Ironbark East project. In response, Falcon Metalsโ€™ Managing Director Tim Markwell said, โ€œThe results at Ironbark confirm the potential of diorite to host economic zones of mineralisation, especially with the intersection of a new zone at Ironbark Central announced earlier this month.โ€ Shares are trading 26.2 per cent higher at 26.5 cents.

Matsa Resources (ASX:MAT) has announced excellent preliminary lithium results at their project in Western Thailand. In response, Matsa Executive Chairman Mr Paul Poli commented, โ€œWeโ€™ve only just started to scratch the surface here and with our discovery that makes three new discoveries in quick succession. We really donโ€™t know at this point how big these discoveries could be.โ€ Shares are trading 17.1 per cent higher at 4.1 cents

Antisense Therapeutics (ASX:ANP) has received regulatory approval from the Turkish Medicines and Medical Device Agency to conduct its phase 2b Duchenne muscular dystrophy clinical trial. In response, Professor Thomas Voit commented, โ€œThis is great news not only for the prospects of our Phase IIb trial but also for the Duchenne patients who remain in great need of effective and safe therapies.โ€ Shares are trading 9.4 per cent higher at 10.5 cents.

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