Stockhead’s In-Case-You-Missed-It wraps all of today’s most interesting small cap stories that might have slipped underneath your radar.


ICYMI Leader Board: Wednesday

Stocks highlighted in blue have made market-moving announcements (click headings to sort).

Code Company Price % Today Market Cap
KGD Kula Gold Limited 0.017 21% $5,224,967
MNS Magnis Energy Tech 0.09 15% $92,000,856
EZZ EZZ Life Science 0.61 13% $23,060,700
BEZ Besragoldinc 0.18 13% $58,395,680
NET Netlinkz Limited 0.009 13% $28,244,227
ALM Alma Metals Ltd 0.01 11% $10,026,007
G88 Golden Mile Res Ltd 0.032 10% $9,552,296
RLG Roolife Group Ltd 0.012 9% $7,926,139
BUR Burleyminerals 0.145 7% $13,675,062
LKE Lake Resources 0.22 7% $291,601,165
ENR Encounter Resources 0.375 7% $138,434,023
PAT Patriot Lithium 0.1925 7% $11,346,750
AZL Arizona Lithium Ltd 0.017 6% $51,115,035
GSM Golden State Mining 0.034 6% $6,114,825
BPH BPH Energy Ltd 0.018 6% $15,814,003
ADX ADX Energy Ltd 0.0095 6% $32,592,308
HCH Hot Chili Ltd 1.34 6% $151,695,412
REC Rechargemetals 0.2 5% $20,061,050
HAS Hastings Tech Met 1.01 5% $124,191,986
GLN Galan Lithium Ltd 0.74 5% $244,755,910
EM2 Eagle Mountain 0.098 4% $28,666,885
VHM Vhmlimited 0.49 4% $72,241,580
NTI Neurotech Intl 0.05 4% $41,947,655
BNL Blue Star Helium Ltd 0.026 4% $39,654,251
FXG Felix Gold Limited 0.08 4% $8,570,593
AXN Alliance Nickel Ltd 0.08 4% $54,909,184
MRR Minrex Resources Ltd 0.0145 4% $15,188,145
CR9 Corellares 0.031 3% $13,952,726
OBM Ora Banda Mining Ltd 0.097 3% $159,572,867
PSC Prospect Res Ltd 0.097 3% $43,452,389
AR1 Australresources 0.165 3% $51,785,526
OMA Omegaoilgaslimited 0.18 3% $30,943,580
ICI Icandy Interactive 0.037 3% $48,319,405
PTX Prescient Ltd 0.074 3% $57,979,425
CEL Challenger Gold Ltd 0.075 3% $87,006,166
AQI Alicanto Min Ltd 0.039 3% $23,287,799
EYE Nova EYE Medical Ltd 0.195 3% $36,216,830
GTE Great Western Exp. 0.042 2% $10,360,623
SPN Sparc Tech Ltd 0.22 2% $18,413,820
BC8 Black Cat Syndicate 0.225 2% $58,712,820
FBM Future Battery 0.1125 2% $50,088,562
NRZ Neurizer Ltd 0.047 2% $57,435,879
QHL Quickstep Holdings 0.28 2% $19,724,709
RNU Renascor Res Ltd 0.1425 2% $355,517,050
LEL Lithenergy 0.575 2% $58,200,650
AW1 Americanwestmetals 0.29 2% $102,751,652
ATC Altech Batt Ltd 0.067 2% $108,648,080
MME Moneyme Limited 0.068 1% $53,605,258
QEM QEM Limited 0.21 1% $31,413,780
BTI Bailador Tech Inv 1.265 1% $181,086,488
SVM Sovereign Metals 0.455 1% $250,606,530
GT1 Greentechnology 0.51 1% $107,553,649
XRF XRF Scientific 1.18 1% $160,348,237
CRD Conradasiaenergyltd 1.38 1% $132,657,256
IHL Incannex Healthcare 0.0825 1% $130,134,849
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Zenith Minerals (ASX:ZNC)
has flagged “significant widths of gold and silver mineralisation” from assays from its deep diamond drill program at its 100% owned Red Mountain gold-mining project, about 390km northwest of Brisbane in central Queensland.

The results included 118m at 0.54 g/t gold and 11.9 g/t silver from 225m including 12m at 1.36 g/t gold and 4.93 g/t silver from 288m and 9m at 1.24 g/t gold and 6.30 g/t silver, from 323m. 

Zenith also notes it’s currently targeting its Intrusion Related Gold Breccia Pipe (IRG) discovery down to 400m below surface.

Australian Civil Aviation Safety Authority (CASA) approval has been received to operate RocketDNA’s (ASX:RKT) autonomous drone product (‘drone-in-a-box’) in Australia. 

The approval was given for two autonomous drone systems (DJI Dock System and Hextronics Global Drone Station), which includes Beyond Visual Line of Sight (BVLOS) and Remote Operations.

Satellite and cellular tech company Beam Communications (ASX:BCC) reported record full year revenue of $40m, up 67% on the previous corresponding period (pcp).

Beam says it is benefiting from the growing demand for mobile satellite solutions worldwide. The global market is forecast to grow at a compound annual growth rate (CAGR) of 7% to US$9.2 billion by 2030.

Big news for Triton Minerals (ASX:TON). Mozambique’s Minister of Energy and Natural Resources has granted the graphite explorer a 25-year mining concession for the Cobra Plains 5.7 Mt graphite project in the Cabo Delgado province in northern Mozambique.

Also in Africa, Arrow Minerals (ASX:AMD) has secured rights to earn a 100% interest in the Simandou North Iron Project in Guinea through a staged earn-in.

The project covers the northern extension of the Simandou Range, which is considered the home of the largest undeveloped high-grade iron ore deposit in the world, a Rio Tinto (ASX:RIO) and Chinese backed monster expected to hit a FID this year.

AMD has executed a binding term sheet  to acquire the remaining 39.5% interest in private Singaporean registered company Amalgamated Minerals Pte. Ltd, which holds majority interest in the project.

LCL Resources (ASX:LCL) has executed a binding tenement sales agreement with Papuan Minerals Limited, an unlisted public PNG exploration company, to acquire 100% ownership of two exploration licences – EL 2391 and EL 2560.

And Roolife Group (ASX:RLG)‘s new partnership with China-focused e-commerce company AULife International is already paying off after securing a $950k contract to source and supply products for Shanghai No.1 Pharmaceuticals.


Top Small Cap ASX Stories: Wednesday

Patrick Scallan, a seasoned lithium veteran with an impressive 25 years at the world-class Greenbushes mine, will join the board of recent IPO Lithium Universe (ASX:LU7) as a non-executive director.

Follow-up drilling at Prospect Resources’ (ASX:PSC) Omaruru lithium project in Namibia has returned excellent assays like 13m at 1.04% Li2O from 12m at Karlsbrunn Main, which remains open at depth and along strike.

Toubani Resources (ASX:TRE) raised $3.8m to accelerate development at its 2.4Moz Kobada gold project in southern Mali, West Africa – one of the most prolific regions for untouched gold in the world.

Metal Hawk (ASX:MHK) kicked off a major geophysical electromagnetic survey in the hunt for nickel sulphides at its Yarmany project in WA. Maiden drilling will kick off Q4 this year.

Australia’s largest independent manufacturer of aerospace composites Quickstep Holdings (ASX:QHL) entered a research collaboration to solve the problem of large-scale composites production.

The prospectivity of DeSoto Resources’ (ASX:DES) Pine Creek tenements in the NT continues to grow after rock chip sampling returned high grade copper-gold that extended the strike of the ‘Copperfield 4’ area.

Drilling by Riedel Resources (ASX:RIE) at Tintic continues to hit eyewatering grades close to surface – including a highlight 4.57m @ 25.7 g/t gold, plus silver, lead and zinc credits — ahead of a highly anticipated maiden resource.

A maiden diamond drilling program at Manning, part of Dalaroo Metals’ (ASX:DAL) wider Namban project, has hit copper sulphide and gold mineralisation west of Minerals 260’s Moora project.

ADX Energy (ASX:ADX) has welcomed news that the Austrian Science Fund (FFG) will fund A$0.6m for a major scientific project in the greater Welchau area within the ADX-AT-II licence in Upper Austria (FFG Project).

And Matsa Resources (ASX:MAT) has raised $2m to explore its large lithium portfolio in southern Thailand.


At Stockhead we tell it like it is. While RooLife Group, Lithium Universe, Prospect Resources, Toubani Resources, Metal Hawk, Quickstep Holdings, DeSoto Resources, Riedel Resources, Dalaroo Metals, ADX Energy and Matsa Resources are Stockhead advertisers, they did not sponsor this article.