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).

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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
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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
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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.