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Closing Bell: Energy and Mining sectors lead the pack on first trading day for 2022
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The benchmark ASX 200 was up by 2% on the first day of trading in 2022.
The ASX Emerging Companies Index (XEC) also rose in step, up by 1.6%.
All eleven ASX sectors finished higher, with the energy and mining sectors leading the pack.
In energy, coal related stocks dominated as investors digested news of an Indonesian coal ban that could put a rocket up thermal coal prices, and redirect coal flows across the Asia Pacific region.
Lithium miners also lifted, following further price gains and Tesla’s announcement that it has beaten analysts’ estimates on worldwide vehicle deliveries in 2021.
TODAY’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 |
|---|---|---|---|---|
| PCL | Pancontinental Energ | 0.002 | 100% | 2255792 |
| GRE | Greentechmetals | 0.28 | 40% | 1873513 |
| MRR | Minrex Resources Ltd | 0.055 | 28% | 32253552 |
| CDT | Castle Minerals | 0.037 | 28% | 30147236 |
| T3D | 333D Limited | 0.0025 | 25% | 769117 |
| FAL | Falconmetalsltd | 0.715 | 24% | 3386542 |
| BIR | BIR Financial Ltd | 0.027 | 23% | 123387 |
| M3M | M3Mininglimited | 0.36 | 22% | 1068003 |
| MNB | Minbos Resources Ltd | 0.145 | 21% | 3283952 |
| TAR | Taruga Minerals | 0.0435 | 21% | 1069217 |
| XRG | Xreality Group Ltd | 0.07 | 21% | 1629995 |
| AVW | Avira Resources Ltd | 0.006 | 20% | 1109456 |
| DLC | Delecta Limited | 0.012 | 20% | 1872557 |
| KEY | KEY Petroleum | 0.003 | 20% | 506634 |
| MGT | Magnetite Mines | 0.032 | 19% | 17378982 |
| POD | Podium Minerals | 0.385 | 18% | 1003798 |
| TGN | Tungsten Min NL | 0.13 | 18% | 316993 |
| BRN | Brainchip Ltd | 0.795 | 17% | 24947287 |
| AAJ | Aruma Resources Ltd | 0.084 | 17% | 704158 |
| REM | Remsensetechnologies | 0.56 | 17% | 683868 |
| RNU | Renascor Res Ltd | 0.175 | 17% | 30542743 |
| GGX | Gas2Grid Limited | 0.0035 | 17% | 230261 |
| GT1 | Greentechnology | 0.605 | 16% | 1727375 |
| GL1 | Globallith | 1.1 | 16% | 2781613 |
| CNB | Carnaby Resource Ltd | 1.56 | 16% | 5561180 |
GreenTech Metals (ASX:GRE) made its debut this morning after a $5m IPO.
The company says drilling at the Whundo copper project – a 4km long defined prospective corridor associated with previously mined copper-zinc deposits — is set to take off sometime this month.
GRE’s multi-commodity battery metals focused land package in WA is underpinned by JORC 2012 compliant mineral resources “with considerable growth potential”, the company says:
- Whundo – 2.7Mt at 1.14% copper and 1.14% zinc; and
- Ruth Well – 152,000t at 0.5% cupper and 0.6% nickel.
Also up on news today is Podium Minerals (ASX:POD) with an announcement confirming continuity of Parks Reef to a depth of around 500m.
The company says two of the three deep diamond drill holes proposed to test Parks Reef were completed prior to Christmas. Core has now arrived in Perth for assaying with preliminary lithological logging completed.
Battery Metals explorer Castle Minerals (ASX:CDT) was up on no news before announcing a “pause in trading” in response to a price query from the ASX.
Green Technology Metals (ASX:GT1) got a speeding ticket query from the ASX today, after its stock price surged 22% on no specific news. However investors have been anticipating drilling results at its Seymour Project in Canada.
TODAY’S BIGGEST SMALL CAP LOSERS
| CODE | COMPANY | PRICE | % | VOLUME |
|---|---|---|---|---|
| ANL | Amani Gold Ltd | 0.001 | -33% | 1723576 |
| CCE | Carnegie Cln Energy | 0.002 | -33% | 12715127 |
| BAS | Bass Oil Ltd | 0.0015 | -25% | 1050000 |
| CLE | Cyclone Metals | 0.003 | -25% | 23000000 |
| MLS | Metals Australia | 0.0015 | -25% | 4172600 |
| NPM | Newpeak Metals | 0.0015 | -25% | 15712408 |
| WOO | Wooboard Tech Ltd | 0.0015 | -25% | 604598 |
| TSL | Titanium Sands Ltd | 0.023 | -23% | 474487 |
| JAV | Javelin Minerals Ltd | 0.002 | -20% | 500000 |
| RBR | RBR Group Ltd | 0.004 | -20% | 178565 |
| FML | Focus Minerals Ltd | 0.325 | -17% | 496283 |
| CT1 | Constellation Tech | 0.006 | -14% | 5289226 |
| AO1 | Assetowl Limited | 0.0035 | -13% | 2508079 |
| ENT | Enterprise Metals | 0.014 | -13% | 341199 |
| BBL | Brisbane Broncos | 0.7 | -13% | 2459 |
| MDI | Middle Island Res | 0.105 | -13% | 173675 |
| EXR | Elixir Energy Ltd | 0.18 | -12% | 5014793 |
| FG1 | Flynngold | 0.15 | -12% | 14357 |
| BMR | Ballymore Resources | 0.155 | -11% | 10000 |
| TD1 | Tali Digital Limited | 0.0195 | -11% | 480805 |
| ABV | Adv Braking Tech Ltd | 0.032 | -11% | 50594 |
| SBR | Sabre Resources | 0.004 | -11% | 327000 |
| GME | GME Resources Ltd | 0.058 | -11% | 131268 |
| DTR | Dateline Resources | 0.077 | -10% | 207604 |
| SGI | Stealth Global | 0.13 | -10% | 666 |
ANNOUNCEMENTS YOU MIGHT HAVE MISSED
Rafaella Resources (ASX:RFR) has increased its exposure to tin with an important bolt-on acquisition to supplement its Iberian tin/tungsten strategy. The company has executed a binding agreement with Valoriza Minería for the acquisition of Tungsten San Finx S.L., owner of the San Finx tin and tungsten mine.
Commercial terms include no upfront payment with the €5m consideration payable out of production royalties only after 1,000t of metal has been produced and sold.
Tenement E45-5055 (Mt Dove) has been granted to Flynn Gold (ASX:FG1), around 70km south of Port Hedland in the Pilbara region of WA. Mt Dove comprises 67 square km and is one of three tenements that make up the company’s project, adjacent to De Grey’s (ASX:DEG) Mallina Gold Project – home to the 6.8Moz Hemi gold deposit.
Owner of the Zero Carbon Lithium Project in Germany’s Upper Rhine Valley, Vulcan Energy Resources (ASX:VUL) has been granted five more exploration licences for geothermal energy and lithium. These licences covering 352 square km are considered by Vulcan to be prospective for deep geothermal and lithium brine. This increases VUL’s licence area by nearly 50% to more than 1,000km.
Global multi-boutique asset management firm, Pacific Current Group (ASX:PAC) has purchased a 35% stake in Banner Oak Capital Partners – a private equity real estate firm that currently manages around $5.7 bn in assets across its platform.
Imugene (ASX:IMU) has completed its phase-1a monotherapy dose escalation of the PD1-Vaxx and is now set to proceed to combination dose escalation. It was performed with 10, 50, and 100µg of PD1-Vaxx in nonsmall cell lung cancer (NSCLC) patients who progressed on one or more immune checkpoint inhibitors (ICIs).
Global weighting technology firm Shekel Brainweigh (ASX:SBW) has revealed unaudited revenue of SU$22.6mn for the 2021 financial year. CEO Arik Schor said he expects the company’s growth strategy to continue in the year ahead.
