The ASX 200 has closed a smidgen higher on Thursday after fantastic Russian reports of a Ukrainian invasion proved a little too tempting for markets that’ve been on DEFCON 1 for about two weeks now.

The Aussie dollar dipped and the benchmark index shed it’s strong early gains, coming off a brunchtime four-week high.

US officials weren’t quite up quick enough to say the news was nonsense, so US futures blinked, as did Asian markets, while crude oil and gold popped.

Meanwhile Wesfarmers (ASX:WES) was the other drag on the main index after a crap earnings report this morning followed by what Stockhead deputy editor Sam Jacobs calls the blue chip cardinal sin, which sucked over 7% of the wind out of its sails – marking CEO Rob Scott’s worst day at the helm since early 2020.

The S&P/ASX Emerging Companies (XEC) was 0.7% lower at the close.


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

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Code Company Price % Volume
BNR Bulletin Res Ltd 0.185 61% 65,512,131
ANW Aus Tin Mining 0.0015 50% 8,890,000
LKO Lakes Blue Energy 0.0015 50% 51,905,050
WOO Wooboard Tech Ltd 0.0015 50% 656,050
BBL Brisbane Broncos 0.805 28% 1,171
PG1 Pearl Global Ltd 0.028 27% 2,252,561
X2M X2M Connect Limited 0.165 27% 288,288
CCE Carnegie Cln Energy 0.0025 25% 21,671,504
RAG Ragnar Metals Ltd 0.04 21% 95,058,541
AD1 AD1 Holdings Limited 0.023 21% 4,607,590
OAR OAR Resources Ltd 0.006 20% 5,519,220
VPR Volt Power Group 0.003 20% 64,312
M2M Mtmalcolmminesnl 0.13 18% 32,288
RML Resolution Minerals 0.02 18% 1,629,380
ARE Argonaut Resources 0.0035 17% 955,833
RIM Rimfire Pacific 0.007 17% 1,526,435
IBG Ironbark Zinc Ltd 0.045 15% 4,529,080
NWH NRW Holdings Limited 1.975 14% 7,767,174
AFW Applyflow Limited 0.004 14% 220,015
CAD Caeneus Minerals 0.008 14% 23,064,580
TMX Terrain Minerals 0.008 14% 1,210,510
ALY Alchemy Resource Ltd 0.0125 14% 283,765
ABE Ausbondexchange 0.465 13% 19,200
GIB Gibb River Diamonds 0.068 13% 93,500
BNL Blue Star Helium Ltd 0.06 13% 27,585,111
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We’re having a baby

Congrats are in order for Carnaby Resources (ASX: CNB) which announced the results of its Induced Polarisation survey, identifying “anomalies of exceptional potential” which it’s already started drilling for at Lady Fanny. 

And Australia’s only listed sporting team took centre stage this morning, as shares in the Brisbane Broncos (ASX:BBL) ripped higher by almost 30% on no news.

It marks a notable move for the outrageously underperforming NRL team, which has been struggling for traction on and off field, notably following the release of a profit guidance statement on February 8.

Lithium is still spiffin’ for Bulletin Resources (ASX:BNR) – which jumped after flagging high-grade lithium mineralisation at its Ravensthorpe project. The gold-lithium explorer today shared some cracking lithium assays up to 8.21% Li2O in rock chips from ‘Big Pegmatite.’

Stockhead’s west coast deputy editor Reuben Adams told me hard rock lithium operations usually produce at grades of ~1% lithium.

To labour the point, Global Lithium (ASX:GL1) says it’s onto a maiden 9.9Mt resource grading 1.14% lithium and 49ppm tantalum for the ‘Manna’ lithium project in the goldfields of WA.

That almost doubles the company’s attributable resource base (Marble Bar project 100%, Manna project 80%) to 18.4Mt lithium.

Reuben says that’s a pretty big achievement for a company which only listed on the ASX in May last year.

Outside of mining news, AD1 Holdings (ASX:AD1) led the pack, after announcing its US subsidiary had signed a “12-month pilot with the US Department of Labor that represents a potential lifetime value of approximately $250,000”

The company said it also has a US sales pipeline “comprising 10+prospects concentrated primarily in the corporate and government space”.

And the Lark Distillery share price has jumped back some 7% today after the CEO resigned yesterday following a viral video and a wee case of extortion. It’s edging up, after a 20% right shellacking yesterday.

And up about 8% is newcomer Firebrick Pharma Limited (ASX:FRE) has been granted a patent in the US for the use of its Nasodine Nasal Spray for the treatment and possible prevention of Covid-19.


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

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Code Company Price % Volume
YPB YPB Group Ltd 0.0015 -25% 3,200,000
GMN Gold Mountain Ltd 0.012 -20% 4,577,509
AO1 Assetowl Limited 0.004 -20% 1,504,900
SMS Starmineralslimited 0.17 -19% 5,000
DDD 3D Resources Limited 0.0025 -17% 23,289,795
CUP Countplus Limited 0.745 -15% 1,000,626
RR1 Reach Resources Ltd 0.0085 -15% 3,404,444
AE1 Aerison 0.175 -15% 45,530
BOC Bougainville Copper 0.56 -15% 56,202
ARO Astro Resources NL 0.006 -14% 5,832,963
AVW Avira Resources Ltd 0.006 -14% 8,640,389
LNY Laneway Res Ltd 0.006 -14% 268,520
KLR Kaili Resources Ltd 0.026 -13% 81,435
YRL Yandal Resources 0.295 -13% 441,613
BCB Bowen Coal Limited 0.2 -13% 9,771,319
IGN Ignite Ltd 0.135 -13% 70,886
IMI Infinitymining 0.17 -13% 49,242
MCT Metalicity Limited 0.007 -13% 15,113,617
IEC Intra Energy Corp 0.021 -13% 257,142
ODE Odessa Minerals Ltd 0.015 -12% 1,707,898
TD1 Tali Digital Limited 0.023 -12% 161,290
MQR Marquee Resource Ltd 0.115 -12% 3,374,727
OMX Orangeminerals 0.155 -11% 141,670
UBN Urbanise.Com Ltd 0.71 -11% 68,049
ITM Itech Minerals Ltd 0.515 -11% 1,321,723
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Yandal Resources (ASX:YRL) is getting whacked by about 14%, we think because managing director and “good bloke/ great geo” Lorry Hughes — to paraphrase someone in this office — left to pursue other interests.


Critical Resources (ASX:CRR) is now well funded to accelerate exploration at its lithium and base metals projects after raising $12m through a well-supported placement.

Funds from the placement will fund drilling at its high-grade Mavis Lake lithium project in Ontario, Canada, that is scheduled to begin in April.

Noronex (ASX:NRX) is taking copper exploration in Namibia up a notch with a maiden exploration drill at the Snowball joint venture.

The company says it will also drill 10 holes at Hennep to test the prospective NPF-D’Kar contact and previously defined chargeability anomalies.

Besra Gold’s (ASX:BEZ) maiden diamond drill program at its Bau gold project in Malaysia’s Sarawak, is delivering thicker and more consistent mineralisation than anything indicated previously.

CEO Dr Ray Shaw told Stockhead, the intercepted grades are well higher than the current Jugan resources.

National essential power and telecommunications infrastructure services provider, GenusPlus Group Limited (ASX:GNP) is set to acquire Pole Foundations Australia (PFA) for $22 million, ($16.5 million in cash and $5.5 million in shares, escrowed for 24 months).


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

Genus Plus Group (ASX:GNP) — capital raise

Whitehawk (ASX:WHK) — capital raise