On Stockhead today, Our Cameron Drummond says Aussie copper diggers are digging up all sorts of grades without a care in the world – because the ol’ fools gold, is about to change the world, again and low-grade copper has a part to play

Right now there’s just not enough of it and it still does everything, like being fed into the current ‘green revolution.’ 

Here’s the happy ASX names in Dr Copper’s waiting room, and some barely have a cough. 

Meantime, Dicker Data is backing ASX tech, and meet the broker who reckons Zip is worth 4x.

But first, the day ahead.

 

TRADING HALTS

The following stocks went into trading halts Tuesday and are expected out in the coming days:

EBOS Group (ASX:EBO) – Regarding its Australian Chemist Warehouse contract.

TechGen Metals (ASX:TG1) – Capital raising.

Terragen (ASX:TGH) – Capital raising.

Redflow (ASX:RFX) – Capital raising.

Odessa Minerals (ASX:ODE) – Capital raising.

Solis Minerals (ASX:SLM) – Capital raising.

Pacific Edge (ASX:PEB) – US Medicare is set to cease funding for the company’s cancer diagnosis product Cxbladder. Again, see above for all the deets.

Polynovo (ASX:PNV) – PNV has audiences on the edge of their seats, as the company hits ‘pause’ so it can finalise an announcement on revenue performance. Will Marion’s wedding to Julio go ahead? Or will Andre wake up from his coma in time to stop it from happening? And just what is up with Sandra’s “new look” this week? You’ll have to wait until the next exciting episode of Polynovo (Streaming now on the ASX).

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1972.23 (-0.19%)

Silver: $US23.650 (-0.72%)

Nickel (3mth): $US24,025/t (+2.02%)

Copper (3mth): $US9002.50/t (+0.27%)

Oil (WTI): $US72.01(-0.41%)

Oil (Brent): $US79.81 (+0.49%)

Iron 62pc Fe: $US106.50/t (+3.9%)

AUD/USD: 0.6650 (-0.0%)

Bitcoin: $US26,854 (+0.01%)

 

WHAT GOT YOU TALKING YESTERDAY?

Oh, we’re in Canada. It’s the new WA.

Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.

For all you crypto lovers Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.

Also, be sure to check in preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

 

TUESDAY’S ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks on Tuesday:

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap
ADD Adavale Resource Ltd 0.027 69% 76,335,360 $8,312,688
CCE Carnegie Cln Energy 0.0015 50% 1,072,373 $15,642,574
DCX Discovex Res Ltd 0.003 50% 512,046 $6,605,136
TMX Terrain Minerals 0.009 29% 11,422,478 $7,582,395
BLZ Blaze Minerals Ltd 0.023 28% 24,892,437 $8,235,148
MIO Macarthur Minerals 0.185 28% 615,649 $24,019,756
ENT Enterprise Metals 0.005 25% 300,000 $2,820,323
PYR Payright Limited 0.005 25% 513,169 $3,523,541
SMN Structural Monitor. 0.68 21% 274,275 $75,140,591
AVE Avecho Biotech Ltd 0.006 20% 1,706,647 $10,810,796
GTG Genetic Technologies 0.003 20% 259,404 $28,854,145
ICN Icon Energy Limited 0.006 20% 500,000 $3,840,068
SIG Sigma Health Ltd 0.755 19% 22,950,690 $672,640,524
NWM Norwest Minerals 0.032 19% 1,885,813 $6,679,023
PEC Perpetual Res Ltd 0.013 18% 87,181 $6,000,324
BNZ Benzmining 0.36 18% 124,000 $25,336,721
JGH Jade Gas Holdings 0.047 18% 511,933 $40,216,168
ADX ADX Energy Ltd 0.007 17% 19,845,641 $21,322,772
CXU Cauldron Energy Ltd 0.007 17% 652,251 $5,589,412
XTC Xantippe Res Ltd 0.0035 17% 159,389,127 $34,440,299
MGV Musgrave Minerals 0.295 16% 9,628,924 $150,758,027
GAS State GAS Limited 0.195 15% 73,059 $38,221,492
GMN Gold Mountain Ltd 0.004 14% 1,076,062 $6,894,764
VAL Valor Resources Ltd 0.004 14% 9,834,865 $13,310,622
MRC Mineral Commodities 0.056 14% 445,223 $33,881,341
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Tuesday’s Small Caps winner was undoubtedly Adavale Resources (ASX:ADD), which made a wholesome +100% gain in morning trade on news of nickel-bearing massive sulphides at the Luhuma Central prospect within its Kabanga Jirani nickel project in Tanzania.

That all took place thanks to Adavale hitting an intersection of massive sulphides over 4.15m from a down-hole depth of 223.35m, further evidence that the company’s exploration program is on the right track.

That’s a major positive given the Kabanga Jirani project’s location right next to Lifezone and BHP’s development Kabanga project, which has a resource of 58Mt at 2.62% nickel.

The company says that visual observation of between 1% and 5% pentlandite – an iron-nickel sulphide – appears to align well with portable XRF readings that indicate a nickel grade of between 1.2% and 2.3% nickel, though the latter is no replacement for laboratory assays.

Given the RBA rate pullback at 2:30pm, ADD’s trading price eased off, ending the session up almost 70%.

Next best for the day was Blaze Minerals (ASX:BLZ), which is up another 28%, still running on news from late May that it had entered an agreement to buy 340sqkm at the greenfields North Spirit lithium project in Ontario, near Patriot Lithium’s (ASX:PAT) tenements.

The acquisition is set to cost BLZ an initial $100,000 cash and $550,000 worth of shares (55m shares at 1c). The company will then pay an additional $2.65m cash and $5.95m shares in staged payments right up to the release of a mining feasibility study.

A late charge by Macarthur Minerals (ASX:MIO) saw it clamber into third place on the ladder, up 27.6% on no fresh news, so it’s probably been the beneficiary of a little bit of Nickelmania blowback from Adavale’s barnstormer.

 

 

TUESDAY’S ASX SMALL CAP LAGGARDS

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
TD1 Tali Digital Limited 0.001 -50% 197,997 $6,590,311
CLE Cyclone Metals 0.001 -33% 1,200,000 $15,396,757
KEY KEY Petroleum 0.001 -33% 186,000 $2,951,892
SOV Sovereign Cloud Hldg 0.05 -29% 1,334 $11,879,363
CYQ Cycliq Group Ltd 0.006 -25% 15,000 $2,780,133
MCT Metalicity Limited 0.0015 -25% 1,106,768 $7,472,172
WSR Westar Resources 0.071 -24% 40,950,483 $17,165,709
BCB Bowen Coal Limited 0.17 -23% 17,756,996 $405,211,005
YBR Yellow Brick Road 0.055 -21% 40,132 $22,846,702
SIX Sprintex Ltd 0.03 -21% 125,711 $9,665,464
CSF Catalanoseafoodltd 0.0415 -20% 9,996 $1,752,608
1ST 1St Group Ltd 0.004 -20% 2,415,730 $7,084,956
BFC Beston Global Ltd 0.008 -20% 2,128,623 $19,970,469
GCR Golden Cross 0.004 -20% 791,330 $5,486,281
NZS New Zealand Coastal 0.002 -20% 1,505,403 $4,135,025
ZER Zeta Resources Ltd 0.285 -20% 4,000 $200,051,111
M2M Mtmalcolmminesnl 0.026 -19% 191,960 $1,992,832
OPA Optima Technology 0.013 -19% 600,561 $4,021,472
REZ Resourc & En Grp Ltd 0.027 -18% 35,223,436 $16,493,591
EEL Enrg Elements Ltd 0.015 -17% 413,300 $18,166,216
BME Blackmountainenergy 0.02 -17% 46,042 $4,397,380
MRD Mount Ridley Mines 0.0025 -17% 2,274,062 $23,354,649
NES Nelson Resources. 0.005 -17% 780,000 $3,531,566
BBN Baby Bunting Grp Ltd 1.49 -16% 4,321,192 $240,133,550
AL8 Alderan Resource Ltd 0.006 -14% 652,300 $4,316,863
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