Big Drill Hits: The best lithium, gold and uranium hits in May

Welcome back to Weekly Big Drill Hits – A curated list of the most intriguing intersections made by ASX-listed explorers.

We've compiled all the drill results for this month. It's pretty stacked so we'll mostly let the tables do the talking.

Lithium

Date Range: 1 May to 2 June

There's a lot of nice things to be said about Patriot Battery Metals and Leo Lithium.

• Among the best performing lithium stocks last month, up 21% and 69.5% respectively

• Also topped April's drill hit leaderboards

• Are among few ASX-listed lithium stocks within 5-10% away from all-time highs

Gold

Date Range: 1 May to 2 June

Exploration and share price momentum has been key for gold explorers. A big drill hit often fails to materialise into any meaningful share price upside when:

• The stock stock has been spiraling lower for the past couple of months

• The company reports a big hit followed by months of little or incremental newsflow

Catalyst Metals was down as much as 43% year-to-date. A solid exploration announcement on 1 June triggered what's so far been a two day rally where the stock has gained 22.4%. Is the drill hit something investors can work with? Or will investors use the recent gains as an opportunity to exit?

Copper

Date Range: 1 May to 2 June

Carnaby Resources falls into the example above. The stock has its moments but has largely gone nowhere for two and a half years.

Uranium

Date Range: 1 May to 2 June

Nickel

Date Range: 1 May to 2 June