• The S&P/ASX 200 and S&P XEC both close around 0.3% lower on last trading day before Easter
  • GBM Resources finalises second tranche of a $10 million convertible note agreement
  • Singular Health rises after positive update on its wholly-owned subsidiary Singular 3DP


Just as the markets fell on the last trading day before Christmas, they have dropped again today on the final trading day before the Easter break. The ASX still managed a gain over the short four-day week.

Today the S&P/ASX 200 closed down ~0.3% while the the S&P/ASX Emerging Companies index (XEC) – a benchmark for Australia’s micro-cap companies – fell 0.34%.

Leading the winners was health care up 1.61% followed by utilities which rose 1.04% and consumers staples up 0.33%.  The ASX tech sector followed the lead of the Tech heavy NASDAQ and led the laggards dropping 2.52%, followed by real estate down 1.57% and consumer discretionary which dropped 1.29%.

It was a mixed session of trade in the US with NASDAQ falling 1.07%. the S&P 500 down 0.25% but the Dow rising 0.24%.

Good and bad news for gold which managed to breakthrough the psychologically US$2000/oz barrier this week. The precious metal price is down 0.31% today but is above the US$2000/oz mark at US$2029/oz.

The S&P/ASX All Ordinaries Gold Index (ASX:XGD) closed 0.47% higher.



Here are the best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap
MTL Mantle Minerals Ltd 0.003 50% 7,618,599 $10,691,210
VPR Volt Power Group 0.0015 50% 2,000,045 $10,716,208
IS3 I Synergy Group Ltd 0.022 47% 373,805 $4,336,206
LER Leaf Res Ltd 0.022 47% 4,173,252 $27,150,583
COO Corum Group Limited 0.048 41% 358,380 $20,310,981
G88 Golden Mile Res Ltd 0.019 36% 9,496,807 $3,688,051
SHG Singular Health 0.09 30% 351,034 $7,827,817
ANR Anatara Ls Ltd 0.039 30% 44,807 $3,597,720
SHN Sunshine Gold Ltd 0.018 29% 1,602,532 $10,776,118
ERA Energy Resources 0.06 26% 4,016,359 $175,370,233
CPM Cooper Metals 0.345 25% 468,391 $11,301,125
OZM Ozaurum Resources 0.061 24% 486,949 $6,223,000
GLA Gladiator Resources 0.021 24% 1,372,518 $9,284,888
PLG Pearlgullironlimited 0.037 23% 45,000 $4,692,487
ECT Env Clean Tech Ltd 0.011 22% 3,730,795 $22,289,495
WMG Western Mines 0.385 22% 10,476,790 $12,925,238
HOR Horseshoe Metals Ltd 0.029 21% 3,850,427 $15,166,629
AQC Auspa Coal 0.175 21% 466,662 $50,360,088
PHO Phosco Ltd 0.084 20% 72,708 $19,208,935
INP Incentiapay Ltd 0.006 20% 228,725 $6,325,318
MTB Mount Burgess Mining 0.003 20% 4,302,143 $2,207,928
OAU Ora Gold Limited 0.003 20% 5,600,000 $9,842,313
KLL Kalium Lakes Ltd 0.031 19% 6,015,573 $52,824,518
ARC ARC Funds Limited 0.25 19% 10,000 $6,316,034
GCY Gascoyne Res Ltd 0.125 19% 3,255,848 $72,832,001
WordPress Tables Plugin

Among small cap winners today was Sunshine Gold (ASX:SHN) which announced return of further high-grade gold, silver and critical minerals at the Wilbur’s Hill and Cardigan Dam targets, Ravenswood West Project.

Sampling of a shear zone immediately adjacent to the Wilbur’s Hill breccia gold target has returned high-grade gold (Au) and silver (Ag) results including highly anomalous critical minerals bismuth (Bi) and indium (In).

Other gold-exposed stocks to ink solid gains today included Cooper Metals (ASX:CPM), Ora Gold (ASX:OAU), Ozaurum Resources (ASX:OZM), and failed miner Gascoyne Resources (ASX:GCY).

Singular Health (ASX:SHG) also had a solid Easter Thursday after providing a positive operational update on its wholly-owned subsidiary Singular 3DP.  Highlights included:

  • Receipt of ISO9001 Certification, multiple TGA Class I Approvals for Orthotics and Prosthetics and initial sales orders in medical sector
  • Investment in post-processing plant and equipment with commissioning imminent
  • Appointment as authorised resellers of non-metal 3D printers for 3D Systems, a global 3D printer manufacturer, and DyeMansion GmbH for post-processing hardware
  • Recent purchase orders of ~A$510,000 with strong multi-million-dollar pipeline of industrial 3D printing services and hardware sales
  • R&D Funding Facility with Radium Capital advances $420,000 R&D Tax Incentive.



Here are the least best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap
CLZ Classic Min Ltd 0.001 -50% 121,695,868 $4,874,879
NOX Noxopharm Limited 0.066 -40% 6,223,059 $32,146,175
AQX Alice Queen Ltd 0.001 -33% 10,650,000 $3,795,431
HHI Health House Int Ltd 0.006 -25% 311,875 $1,130,637
DME Dome Gold Mines Ltd 0.15 -23% 77,992 $68,876,757
DCL Domacom Limited 0.04 -22% 704,172 $22,210,590
GFN Gefen Int 0.025 -19% 45,000 $2,111,104
CTO Citigold Corp Ltd 0.005 -17% 500,000 $17,241,955
EDE Eden Inv Ltd 0.005 -17% 2,788,816 $17,588,666
RIE Riedel Resources Ltd 0.005 -17% 190,530 $8,230,242
SCL Schrole Group Ltd 0.295 -16% 6,016 $12,396,785
ASO Aston Minerals Ltd 0.11 -15% 2,976,763 $144,915,021
DM1 Desert Metals 0.11 -15% 156,161 $9,430,340
PXX Polarx Limited 0.011 -15% 2,085,580 $17,588,310
EX1 Exopharm Limited 0.012 -14% 321,850 $2,200,961
PIL Peppermint Inv Ltd 0.006 -14% 170,313 $14,264,998
SFG Seafarms Group Ltd 0.006 -14% 9,023,615 $33,856,194
WEL Winchester Energy 0.006 -14% 591,071 $7,142,953
AXI Axiom Properties 0.055 -14% 71,200 $27,693,674
GTE Great Western Exp. 0.039 -13% 525,000 $8,165,165
CYP Cynata Therapeutics 0.23 -13% 228,273 $37,968,297
XF1 Xref Limited 0.2 -13% 27,406 $42,820,546
GWR GWR Group Ltd 0.076 -13% 788,637 $27,945,849
KNM Kneomedia Limited 0.007 -13% 500,000 $12,038,283
WordPress Tables Plugin



GBM Resources Limited (ASX:GBZ) has announced it has completed the second tranche of its  $10 million convertible note agreement with Collins St Convertible Note Fund.

The issue of the second note was completed on January 3, 2023 but subject to finalisation of security documentation which was revised to accommodate the sale of GBM’s remaining 50% interest in the Malmsbury Gold Project.  Sale proceeds of ~$2.6 million will be used as a partial repayment and security on the second note.

“The $10 million convertible note funding package has allowed GBM to advance realisation of value from the sale of its non-core assets in a way that maximises value for shareholders.,” GBZ managing director and CEO Peter Rohner said.

He said it has allowed GBM to continue to advance its flagship Drummond Basin gold projects and to substantially add to the JORC resource which currently stands at 45.6 million tonnes @ 1.26 g/t gold for 1.85 million ounces.

“With our current note, our team is extremely excited to help add and grow shareholder wealth via systematic value add initiatives to be conducted by the team at GBM,” CSVF co-founder and chief investment officer Vas Piperoglou said.

And Kingsgate Consolidated (ASX:KCN)  has found more gold  only a few kilometres from the Chatree gold mine. The followup drilling results didn’t live up to those announced earlier this year — including a highlight [email protected] g/t Au — with the best results including [email protected] g/t Au from 37m to 41m.

However, some RAB drilling just south of this program returned some solid numbers, including 8m@5.02 g/t Au from 6m to 14m; and [email protected] g/t Au from 9m to 19m.



Site Group International (ASX:SIT) – Pending outcome of the Federal Court appeal against decision of the trial judge that its subsidiary Productivity Partners Pty Ltd engaged in conduct in breach of Australian Consumer Law in proceedings started by ASIC.

Norwest Energy NL (ASX:NWE) – Pending announcement about drilling results of the Lockyer 2 conventional gas appraisal well.

Lion One Metals (ASX:LLO) – Pending announcement of exploration results.

Arafura Rare Earths (ASX:ARU) – Pending announcement regarding execution of a binding offtake agreement.