The All Ordinaries Index (ASX: XAO) is back in the green today, driven high by three shares posting new multi-year highs. Right now, the benchmark index is up 0.3% at 7,110.5 points.

Meanwhile, these ASX All Ordinaries shares have gained as much as 6.9% today to hit their highest points in years.

So, what's bolstering them to long-forgotten, or never-before-seen, heights? Keep reading to find out.

3 ASX All Ordinaries shares posting multi-year highs

First off the rank is the share price of ASX All Ordinaries gold developer Tietto Minerals Ltd (ASX: TIE). The stock launched to a new all-time high of 77 cents earlier today, marking a 6.9% gain.

Interestingly, there's been no news from the miner this month. Additionally, the market had no reaction to its latest quarterly report, released in late October.

Though, the S&P/ASX All Ordinaries Gold Index (ASX: XGD) is gaining 3.9% right now and gold futures lifted 2.8% on Friday to reach US$1,676.60 an ounce.

The Stanmore Resources Ltd (ASX: SMR) share price also soared to a new all-time high today, reaching $3.21 in early trade despite the company's silence. Sadly, it's since plunged into the red.

The ASX All Ordinaries coal share has had a ripper ride through 2022 so far, gaining more than 200% year to date.

Finally, the Syrah Resources Ltd (ASX: SYR) share price took off this morning, gaining 3.9% to reach $2.65 – its highest point since 2018.

Once again, there's been no news from the graphite and battery anode developer today.

Though, both it and Tietto Minerals were among the best performing ASX All Ordinaries resources shares in October.

The post 3 ASX All Ordinaries shares hitting new multi-year highs today appeared first on The Motley Fool Australia.

ASX resources shares have been lively throughout 2022 as commodity prices have boomed.

The sector has been one of the few areas of the market where ASX shares are actually making gains.

Here we look at the three best-performing ASX resources shares of the S&P/ASX All Ordinaries Index (ASX: XAO) in October, according to data from Capital IQ.

We've narrowed this list down to companies with a market capitalisation above $100 million.

My Fool colleague Tristan has reported separately on the biggest movers of the S&P/ASX 200 Index (ASX: XJO) mining shares for the month.

So, let's canvas the smaller players and see what's happening.

Tietto Minerals Ltd (ASX: TIE)

This ASX resources share simply killed it during October on the back of a lot of good company news. The Tietto share price went up by 60.9% over the 31 days of the month. On Friday, it closed the session at 72 cents, up 5.15% for the day.

Tietto is a gold miner with activities focused in West Africa. It has a market capitalisation of $734 million.

During the month, the company provided a positive update on its Abujar Gold Project on the Ivory Coast. As my Fool colleague James reported, construction is on track and Tietto expects to deliver its first gold this quarter. The developer is expecting to produce 260,000 ounces of gold at Abujar in 2023.

Later in the month, Tietto reported new assay results showing more high-grade gold discoveries at Abujar. On the final day of the month, Tietto revealed its quarterly activities and cash flow report. It finished the September quarter with $87.7 million in cash and cash equivalents and no debt.

Dacian Gold Ltd (ASX: DCN)

The next best-performing ASX resources share of October was Dacian Gold. Its share price went up by 53.8%. On Friday, Dacian shares closed the session at 14 cents, down 3.33% for the day.

Dacian is a gold explorer with activities at the Mount Morgans Gold Project in Western Australia. It has a market capitalisation of $182.5 million.

On 10 October, the company reported continuing "strong exploration results" at the project's Jupiter mine. Over the next few days, the Dacian share price rose by 40% on the back of the news.

Management said: "The … drilling results confirm the potential for significant extension of mineralisation associated with the syenite intrusive system at the Mt Morgans Gold Operation. These strong mineral resource definition and extension drilling results at Jupiter continue to support the potential for increased scale of future operations at Mt Morgans."

Syrah Resources Ltd (ASX: SYR)

Third on our list of top-performing ASX resources shares in October is Syrah Resources. Its share price went up by 45.7%. On Friday, the Syrah Resources share price finished up 4.08% to $2.55.

Syrah is mainly focused on natural flake graphite production at its mine in Mozambique. It has a market capitalisation of $1.64 billion.

The company had some big news for ASX investors during the month. As my colleague James reported, Dacian won a US Government grant of up to US$220 million and announced an offtake agreement. Syrah also lodged its quarterly activities report, revealing 38kt of graphite production at an 80% recovery rate during Q2 FY22. The miner shipped a record 55kt at a weighted average sales price of US$688 per tonne. This was a quarter-over-quarter bump of 25% and 3.9%, respectively.

The post Top 3 rising ASX resources shares in October appeared first on The Motley Fool Australia.

Three ASX mining shares that have just climbed to all-time highs are listed below. Here's why they are flying high right now:

Mineral Resources Limited (ASX: MIN)

The Mineral Resources share price hit a new all-time high of $78.14 this morning. While there was no news out of the mining and mining services company, investors have been fighting to buy its shares all year due to its lithium operations. These are expected to generate bumper profits this year thanks to sky high lithium prices.

Interestingly, despite hitting an all-time high, the team at Macquarie still sees significant value in the Mineral Resources share price. Its analysts have an outperform rating and $98.00 price target on its shares.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price reached a record high of $5.66 this morning. This followed the release of the lithium miner's first quarter update this morning, which revealed further solid production and sales growth.

Macquarie is also positive on the Pilbara Minerals share price. Though, it doesn't see anywhere near as much upside potential as it does with Mineral Resources shares. Its analysts have an outperform rating and $5.70 price target. However, it is worth noting that this could change once the broker has reviewed the company's quarterly update.

Tietto Minerals Ltd (ASX: TIE)

The Tietto Minerals share price climbed to an all-time high of 73 cents on Tuesday despite there being no news out of the gold developer. Though, it is worth noting that last week the company provided a positive update on its Abujar Gold Project in the Ivory Coast.

That update revealed that the construction of the project is on track and Tietto expects to deliver its first gold during the current quarter. If everything goes to plan, management expects to produce 260,000oz of gold from Abujar in 2023.

The post 3 ASX mining shares hitting all-time highs today appeared first on The Motley Fool Australia.

The All Ordinaries Index (ASX: XAO) is currently up 0.5% in afternoon trading.

The All Ords has broadly shrugged off the shockingly high inflation data reported overnight by the United States, with prices in the world's top economy rising at the fastest pace in 40 years.

While that 0.5% gain is nothing to complain about, these two ASX All Ords mining shares are smashing those returns today.

2 ASX mining shares charging higher

First, we have Talga Group Ltd (ASX: TLG).

The technology minerals company is primarily focused on graphite exploration and development in Sweden.

Talga shares closed yesterday trading for $1.10 and are currently trading for $1.16, up 5.9%.

The latest price-sensitive news from the ASX mining share was released last Wednesday, when it reported intersecting high-grade graphite zones at its Swedish Vittangi graphite project during the initial drill campaign.

At the current share price, Talga has a market cap of $351 million.

The second ASX All Ords mining share rocketing higher today is Tietto Minerals Ltd (ASX: TIE). Tietto is primarily focused on gold exploration and production in West Africa.

The company's shares closed yesterday at 37 cents and are currently trading for 41 cents, up 11.0%.

Investors look to be bidding up the ASX mining share after it provided a construction update for its 3.45-million-ounce Abujar Gold Project, located in Côte d'Ivoire.

The company said that construction is on schedule and budget, and it expects the first gold pour to occur in the December quarter. Concrete works at the project are now 80% complete, with the bulk of the remaining work set to be finished in July.

Talga and Tietto share price snapshots

Despite today's lift, both ASX mining shares remain down for the calendar year. Year-to-date, the Tietto share price is down 17% while the Talga share price is down 32%.

Longer-term, both miners have delivered strong returns.

Over the past five years, the Tietto share price is up 76% while the Talga share price has gained 69%.

That compares to an 18% five-year gain for the All Ords.

The post 2 ASX All Ords mining shares smashing the benchmark on Thursday appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are dropping:

Beach Energy Ltd (ASX: BPT)

The Beach share price is down almost 2% to $1.61. This appears to have been driven by a pullback in oil prices overnight. Traders were selling down oil amid concerns over demand. This follows further lockdowns in China, with Shanghai the latest city to be brought to a standstill.

Melbana Energy Ltd (ASX: MAY)

The Melbana Energy share price has crashed 14% to 12.5 cents. Investors have been selling this energy company's shares following the release of a drilling update at the Marti structure of its 30% owned Block 9 contract area. The update advises that at total depth there was some evidence of formation water returned with the oil during logging operations.

St Barbara Ltd (ASX: SBM)

The St Barbara share price has continued its slide and is down 2% to $1.44. This follows weakness in the gold price and a negative reaction to yesterday's guidance update. In respect to the latter, St Barbara advised that FY 2022 production is expected to come in at 275-290koz with an AISC of $1,750-1,870 per ounce. This compares to its original (withdrawn) guidance of 305-355koz with an ASIC of $1,710 to $1,860 per ounce.

Tietto Minerals Ltd (ASX: TIE)

The Tietto Minerals share price has tumbled 13% to 51 cents. This morning the gold developer announced the successful completion of a A$130 million two-tranche placement to fully fund its 3.35Moz Abujar Gold Project construction with no debt. These funds were raised at a 14.5% discount of 50 cents per new share.

The post Why Beach, Melbana, St Barbara, and Tietto shares are dropping appeared first on The Motley Fool Australia.

The Tietto Minerals Ltd (ASX: TIE) share price has lifted today. After spending most of the day trading at 33.5 cents each, shares in the mineral explorer are swapping hands for 33 cents at the time of writing, up 1.54%.

The company comes into focus after announcing gold intersections from drilling in its mine Côte d'Ivoire.

Let's take a closer look at today's news.

Why the Tietto share price is rising

In a statement to the ASX, Tietto Minerals advised it has made "multiple, high-grade gold drill intercepts" at its Abujar Gold Project in the West African nation. Highlights include:

• a 29m wide ore containing 4.46g of gold per tonne, which includes a 17m wide section containing 7.11g of gold per tonne.
• a 2m wide ore containing 18.6g of gold per tonne.
• a 3m wide ore containing 9.39g of gold per tonne.
• an 8m wide ore containing 6.92g of gold per tonne.

The company says it still has $52 million in liquid assets and as such can both fast-track and grow the Abujar gold mine.

Specifically, on fast-tracking the site, Tietto says it should be able to release the definitive study for the site by the second quarter of FY22. It is also in the midst of negotiations with the Ivorian government regarding final approvals.

The results have impressed investors, judging by today's Tietto share price movement.

Management commentary

Tietto managing director Dr Caigen Wang said

Our infill and extensional drilling program at Abujar has again delivered more high‐grade gold intercepts that will deliver increases in resource confidence and resource growth.

[We have] successfully confirmed gold mineralisation at or above expectations as we have closed up the inferred drill pattern to Indicated Resource spacing at these deposits.

Gold commodity price

Gold is currently trading on the open market for about US $1,860 per troy ounce. It's down 0.32% this month and 1.91% year to date.

According to the website Trading Economics, the price of gold is coming off of its record highs because investor worries over inflation may be easing. Gold is seen as a safe-haven investment against inflation.

Tietto share price snapshot

Over the past 12 months, the Tietto share price has decreased 13%. The company hit a 12-month low of 28.5 cents several times throughout April and May but has since slightly recovered. Tietto Minerals has a market capitalisation of $153 million.

The post Tietto (ASX:TIE) share price glimmers on latest gold discovery appeared first on The Motley Fool Australia.

The Tietto Minerals Ltd (ASX: TIE) share price is in the green today. At the time of writing, shares in the gold-focused company are trading at 31 cents each – up 6.9%. At one point during intraday trading, the Tietto share price surged by as much as 12.06% before partially retreating.

By comparison, the All Ordinaries Index (ASX: XAO) is currently trading 1.23% lower for the day.

Today's price rise comes after the company announced "multiple shallow high-grade gold" results from a recent drill at its Côte d'Ivoire gold mine.

Let's take a closer look at today's news.

What's boosting the Tietto share price?

In a statement to the ASX, Tietto Minerals says initial drill results at its Abujar Gold Project are promising.

Highlights from the results include a:

• 5-metre-wide ore with 109g per tonne of gold.
• 4-metre-wide ore with 26g per tonne of gold.
• 12-metre-wide ore with 3.3g per tonne of gold.
• 3-metre-wide ore with 8.4g per tonne of gold.

The company claims drilling results show a "contiguous zone of shallow ultra-high-grade" gold with a 200m strike.

Tietto says it had $52 million of cash on hand at the end of March and, as such, is "very well positioned" to fast-track and pursue further development of the Abujar Gold Project.

Management commentary

Tietto managing director Dr Caigen Wang said:

Our infill drilling program at AG South has again exceeded our expectations with multiple ultra-high grade gold hits, including a project best intercept of just over 1m at 0.53kg/t gold in the holes reported today.

These high impact holes have potential to add material shallow high‐grade ounces early in the mine schedule, which we expect to be positive for our open pit optimisation. 

Once the infill program is completed, we intend to use our diamond drill rigs to test the multitude of exploration targets around our proposed mill at Abujar to drive future resource growth.

Gold commodity pricing

Presently, gold is trading on the commodities market at US$1,836 per troy ounce. It's up 3.24% this week and 5.98% this month, but down 3.18% since the beginning of the year.

The website Trading Economics expects the price of gold to continue to slide over the next 12 months. It tips the precious metal to be around US$1,700 in one year's time. Moving forward, the gold price could have a material effect on the Tietto share price, as most commodity prices do for mineral explorers.

Tietto share price snapshot

Over the past 12 months, the Tietto share price has fallen by 18.4%. The company hit its 12-month low of 28.5 cents only last week.

Tietto Minerals has a market capitalisation of $141.4 million.

The post Why the Tietto (ASX:TIE) share price is surging 7% appeared first on The Motley Fool Australia.

The Tietto Minerals Ltd (ASX: TIE) share price is up 8% today on the back of good news from its Abujar Gold Project.

Since the announcement, the Tietto Minerals share price has jumped up 3 cents. It's currently trading for 33 cents per share.

Let's look closer at the gold miner's announcement.

Striking gold

Tietto has announced drilling results found up to 180.86 grams of gold per tonne at its Abujar Project.

The results are from 27 diamond drill holes at the Project, located in Côte d'Ivoire, West Africa. The drilling program is intended to increase confidence in its mineral resource estimates. Additionally, Tietto also plans to deliver a Definitive Study (DFS) for Abujar. This is expected in the third quarter of the 2021 financial year.  

Consequently, Tietto is currently negotiating the Abujar Mining Convention with the Ivorian Government. The Government's approval is the final regulatory step left to achieve for the Tietto. All mining and environmental approval has already been secured for the Project.

Tietto claims it has $52 million in cash to fund the continuation of the mines' development.

Comments from management

Tietto's managing director, Caigen Wang, said the drilling program has continued to exceed the company's expectations.

We have many more results to come from our 40,000 metres of infill drilling, and high impact holes like these will be going into the Mineral Resource update due in late May. This updated model will then be used for new optimisation and mine scheduling studies using improvements identified during our PFS work. 

Our diamond drilling rigs will soon move onto drill testing the multitude of exploration targets around our proposed mill at Abujar to drive future resource growth.

On the development front, we have mapped out a clear path to delivery for our fully funded Abujar DFS in Q3 2021 as we move towards Abujar becoming West Africa's next gold mine.

Tietto Minerals share price snapshot

The gain brought by today's news is much needed. In particular, because the Tietto Minerals share price has had a poor run in 2021 on the ASX.

Even with the boost, it's down 15.38% year to date. Although, it is up by 65% over the last 12 months.

The company also has a market capitalisation of around $136 million, with approximately 454 million shares outstanding.

The post The Tietto Minerals (ASX:TIE) share price is up 8% today. Here's why appeared first on The Motley Fool Australia.

The small-cap space erupted last week with the Province Resources Ltd (ASX: PRL) share price surging as much as 600% on its move to produce zero carbon-hydrogen.

While the Province Resources ship may have already left the port, here are three small cap ASX shares in the exploration and commodity space that have received a 'speculative buy' rating from broker Euroz Hartleys. 

Sovereign Metals Limited (ASX: SVM) 

Sovereign Metals has a 100% interest in the Kasiya project located in Malawi. Kasiya is a saprolite-hosted rutile deposit, otherwise known as an eluvial deposit. Rutile prices have been increasing recently.

Hartleys believes that Kasiya has all the hallmarks of developing into a significant rutile producer in the medium term. Based on the broker's speculative assumptions, it seems possible the deposit could likely support a production size of 100 to 130 kt pa based on a 10mtpa plant. Despite the project's medium to long term potential, the broker acknowledges its key risks, including project location (Malawi) and potential challenges in obtaining development capital. 

The broker maintains a target price of 60 cents which represents an upside of 42%. 

Tietto Minerals Ltd (ASX: TIE) 

Tietto Minerals continues to de-risk the development of its Abujar gold project, with the aim of becoming "West Africa's next gold mine". The company recently increased ownership in the project to 88% (at the mining stage) and pending its pre-feasibility study (PFS) results in the coming weeks, which will be the first look at the project's economic parameters. 

Hartleys sees significant exploration upside with its current 3 million oz expected to grow. Ongoing drilling is improving resource confidence for optimised mine plans feeding into development studies. News flow from drilling is expected to be strong, and the PFS delivery a key milestone for the ultimate project development.

The Abujar PFS is due late in the first quarter of the calendar year 2021, with the study investigating a potential 3.5Mtpa open operation.

Hartleys coverage rates the company as a speculative buy with a target price of 70 cents per share or an upside of 89% to its current price. 

Legend Mining Limited (ASX: LEG) 

Legend Mining's early metallurgical test work from the Mawson prospect within the Rockford project, Fraser Range in Western Australia, looks positive with high recoveries for copper and nickel.

Hartleys describes the project as catalyst rich, with a large and growing footprint auguring well for the next major discovery. 

The report cites that although the mineralised intrusive source has not yet been drilled out to economic status, this is just a matter of time. Based on the occurrence of high-grade massive sulphides within ultramafic intrusive rocks, net textures consistent with analogous major deposits and the presence of platinum group elements and gold.

The broker is 'unwavering' in its conviction with a speculative buy maintained and a target price of 30 cents.

Foolish takeaway

Small-cap ASX shares in the mining and exploration sector are fraught with risks as projects attempt to transition closer to producer status.

While Province Resources may have delivered eye-watering returns last week, investors who bought the top would have otherwise found a -40% hole in the pocket. 

The post Broker rates these 3 small cap ASX shares as a speculative buy  appeared first on The Motley Fool Australia.