Rise and Shine: What you need to know before the ASX opens

On Stockhead today, smart answers to dumb questions about NFTs, Lunnon’s bid for historic nickel glory, and why lithium will slump in 2023.

But first … the day ahead.

TRADING HALTS

The following companies went into trading halts yesterday and are expected out in the next few days:

Musgrave Minerals (ASX:MGV) – Capital raise

EP&T Global (ASX:EPX) – Capital raise

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,736.55(-0.21%)

Silver: $US20.991(-042%)

Nickel (3mth): $US26,022/t

Copper (3mth): $US8,013/t

Lithium Carbonate, China (Benchmark Minerals Intelligence, NOV 16): $US77,900/t (+0.7% weekly, +127.4% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, NOV 16): $US77,275/t (+0.7% weekly, +171.2% year-to-date)

Oil (WTI): $US80.690 (-0.32%)

Oil (Brent): $US88.199 (-0.18%)

Iron 62pc Fe: $US97.00 (-0.51%)

AUD/USD: 0.66430 (-0.08%)

Bitcoin: $US16,507.22 (+4.28%)

WHAT GOT YOU TALKING YESTERDAY?

A bunch of readers have already voted in our poll – make sure you don’t miss out.

Which metals/commodities will perform best in 2023?

— Stockhead (@StockheadAU) November 22, 2022

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Also, be sure to check in preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

YESTERDAY’s BIGGEST SMALL CAP WINNERS

(Stocks highlighted in yellow rose after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.

Code	Company	Price	%	Volume	Market Cap
CDR	Codrus Minerals Ltd	0.14	103%	23,124,155	$2,760,000
BSA	BSA Limited	0.074	54%	5,465,155	$27,459,205
CCE	Carnegie Cln Energy	0.002	33%	118,459,984	$23,463,861
GGX	Gas2Grid Limited	0.002	33%	2,551,008	$6,087,153
PRM	Prominence Energy	0.002	33%	1,201,000	$3,636,913
MMC	Mitre Mining	0.22	29%	5,655,865	$4,604,467
CML	Chase Mining Limited	0.018	29%	11,471,963	$13,600,701
AXP	AXP Energy Ltd	0.005	25%	5,477,475	$23,298,723
IMI	Infinity Mining	0.36	24%	593,083	$18,304,438
PSC	Prospect Res Ltd	0.1675	24%	6,396,498	$62,405,027
OLY	Olympio Metals Ltd	0.185	23%	83,370	$5,710,728
DKM	Duketon Mining	0.38	23%	658,776	$37,830,985
GRV	Greenvale Mining Ltd	0.076	23%	342,125	$26,146,777
BOD	BOD Australia	0.145	21%	333,673	$18,149,579
LRD	Lord Resources	0.28	19%	2,426,405	$7,821,886
HAR	Haranga Resources	0.17	17%	3,057	$6,063,033
MCT	Metalicity Limited	0.0035	17%	4,751,883	$10,476,118
TMX	Terrain Minerals	0.007	17%	2,334,402	$4,564,566
GSM	Golden State Mining	0.057	16%	1,293,912	$5,733,696
FLX	Felix Group	0.145	16%	37,960	$16,597,972
SIX	Sprintex Ltd	0.03	15%	264,785	$6,613,213
ATR	Astron Corp Ltd	0.645	15%	6,196	$72,072,981
99L	99 Loyalty Ltd.	0.016	14%	326,610	$16,235,559
AYT	Austin Metals Ltd	0.008	14%	3,474,008	$7,111,123
CAD	Caeneus Minerals	0.004	14%	1,765,830	$18,709,618

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Gold explorer Codrus Minerals (ASX:CDR) was leading the pack after buying into a niobium-rich rare earths project called Karloning in the WA wheatbelt.

Popularised by WA1 Resources’ (ASX:WA1) recent discovery on the WA/NT border, niobium is mainly used to make steel better, but also has growing uses in lithium-ion batteries, intelligent glass, solar panels, 5G tech, and nuclear energy.

Ferroniobium metal (65% Nb) sells for ~US$45,000/t.

CDR has inked a deal to earn up to 90% of Karloning, where a large 1.5km long and 200m wide pegmatite has been shown to host niobium alongside magnet REEs like dysprosium, neodymium, terbium, and praseodymium.

Early-stage rock/soil sampling returned highly anomalous REEs and +5000ppm (0.5%) niobium.

(Because 5000ppm is the detection limit of the tech used, assays are awaited for exact numbers, which will probs be higher.)

“We believe the pegmatite has significant scale, and grab sampling has returned impressive grades of the four key REEs required in the manufacture of permanent rare earth magnets,” MD Shannan Bamforth says.

“This is a walk-up exploration opportunity, and we are looking forward to getting on the ground as soon as possible to commence initial exploration activities with a view to firming up targets for drilling in early 2023.”

Initial work programs at the site include soil sampling and either drone or ground magnetics and ground radiometric surveys “as a priority”.

The results of these surveys will underpin the maiden drilling program, planned for Q1 CY2023.

BSA (ASX:BSA) is selling off its APS Maintain business to NYSE-listed Fortune 150 mob CBRE Group, for a smart $20 million.

The company says the transaction will enable it to focus on the telecommunication, utility and major fire construction sectors.

“The business has a leading position and remains committed to successfully delivering work for key clients including nbn, Foxtel, and tier one contractors,” BSA said.

“The Australian and New Zealand outsourced telecommunications services market is expected to grow at over 6% CAGR from FY22-261 to A$11.8bn, with BSA well placed to pursue significant growth opportunities in such services following the divestment.”

Mitre Mining (ASX:MMC) announced it’s buying the East Pilbara Lithium and Mount Alexander Lithium Projects.

The East Pilbara project has known pegmatite outcropping and high priority untested lithium stream sediment anomalies, the company says.

The unexplored Mount Alexander project is in the Mt Ida district near Red Dirt (ASX:RDT), Zenith Minerals (ASX:ZNC), and St George Mining (ASX:SGQ).

YESTERDAY’S BIGGEST SMALL CAP LOSERS

(Stocks highlighted in yellow fell after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.

Code	Company	Price	%	Volume	Market Cap
CRB	Carbine Resources	0.01	-29%	5,400	$4,413,857
TSC	Twenty Seven Co. Ltd	0.0015	-25%	984,935	$10,643,256
EOF	Ecofibre Limited	0.335	-22%	117,960	$150,162,257
BIM	Bindi Metals	0.19	-21%	833,830	$6,426,600
YPB	YPB Group Ltd	0.004	-20%	1,622,584	$2,032,731
GBE	Globe Metals & Mining	0.071	-18%	578,223	$41,961,843
MFB	My Food Bag Grp Ltd	0.5	-17%	22,512	$145,462,514
FAU	First Au Ltd	0.005	-17%	1,114,400	$5,711,960
ICN	Icon Energy Limited	0.005	-17%	1,098,509	$4,608,082
RMX	Red Mount Min Ltd	0.005	-17%	682,356	$9,854,183
CPH	Creso Pharma Ltd	0.023	-15%	24,031,995	$49,570,843
CPT	Cipherpoint Limited	0.006	-14%	12,991,807	$5,804,143
DCX	Discovex Res Ltd	0.003	-14%	4,699,582	$11,558,988
M2M	Mt Malcolm Mines NL	0.078	-14%	50,000	$5,667,116
OAU	Ora Gold Limited	0.006	-14%	1,600	$6,889,619
TKL	Traka Resources	0.006	-14%	664,304	$4,821,422
HRN	Horizon Gold Ltd	0.28	-14%	7,793	$40,684,033
SLS	Solsticeminerals	0.16	-14%	26,552	$18,553,060
SIO	Simonds Grp Ltd	0.13	-13%	6,660	$22,085,140
AOU	Auroch Minerals Ltd	0.052	-13%	1,417,502	$22,266,708
PKD	Parkd Ltd	0.02	-13%	210,040	$2,304,603
L1M	Lightning Minerals	0.205	-13%	3,557,775	$8,758,744
RC1	Redcastle Resources	0.014	-13%	4,732,219	$4,572,546
EQX	Equatorial Res Ltd	0.175	-13%	37,066	$25,189,071
ICL	Iceni Gold	0.105	-13%	2,178,686	$15,383,571