Via Getty
Rise and Shine: Everything you need to know before the ASX opens
News
share
On Stockhead today, Benchmark Mineral Intelligence did the math and reckon the world needs more than 300 new graphite mines to nourish a 500% increase in battery demand over the next decade.
Our Jessica Cummins says that for for graphite specifically, that means another 97 56,000tpa natural flake graphite mines will need to be built.
She has the names and the numbers of eight primed and prepped ASX players ready to partake.
But first, the day ahead.
TRADING HALTS
The following stocks went into trading halts Thursday and are expected out in the coming days:
Spenda (ASX:SPX) – Proposed private placement. No, that’s not a code for something.
Black Rock Mining (ASX:BKT) – Capital Raising.
Zip Co (ASX:ZIP) – Capital raising and liability management exercise.
Si6 Metals (ASX:SI6) – Potential acquisition.
Gratifii (ASX:GTI) – Material contract announce, plus a capital raise.
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?
International Graphite’s going local.
International Graphite’s latest assays from RC drilling at the Mason Bay exploration target at its Springdale graphite project in WA have flagged yet more high-grade graphite. https://t.co/NwlUjpPqNE #ad #ASX @IntGraphite
— Stockhead (@StockheadAU) June 8, 2023
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.
THURSDAY’S ASX SMALL CAP LEADERS
Here are the best performing ASX small cap stocks on Thursday:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| ICL | Iceni Gold | 0.098 | 53% | 6,557,534 | $13,348,571 |
| YPB | YPB Group Ltd | 0.003 | 50% | 175,021 | $1,238,498 |
| MIO | Macarthur Minerals | 0.25 | 39% | 303,835 | $29,817,628 |
| TIG | Tigers Realm Coal | 0.008 | 33% | 6,406,739 | $78,400,214 |
| WFL | Wellfully Limited | 0.009 | 29% | 4,898,209 | $3,450,609 |
| NIM | Nimyresourceslimited | 0.3 | 28% | 13,590,909 | $16,596,532 |
| SLM | Solismineralsltd | 0.745 | 26% | 7,237,028 | $27,256,511 |
| TOR | Torque Met | 0.155 | 24% | 275,106 | $10,204,809 |
| GSM | Golden State Mining | 0.057 | 24% | 5,480,204 | $6,636,153 |
| VSR | Voltaic Strategic | 0.105 | 24% | 37,487,164 | $31,403,908 |
| AEV | Avenira Limited | 0.016 | 23% | 32,258,218 | $22,100,094 |
| E33 | East 33 Limited. | 0.022 | 22% | 73,633 | $9,313,169 |
| YOJ | Yojee Limited | 0.017 | 21% | 1,339,850 | $15,868,474 |
| ABE | Ausbondexchange | 0.18 | 20% | 21,742 | $5,812,965 |
| 1CG | One Click Group Ltd | 0.012 | 20% | 523,909 | $6,140,709 |
| BPP | Babylon Pump & Power | 0.006 | 20% | 50,000 | $12,288,857 |
| GTG | Genetic Technologies | 0.003 | 20% | 373,171 | $28,854,145 |
| NAE | New Age Exploration | 0.006 | 20% | 1,849,333 | $7,179,495 |
| ZEU | Zeus Resources Ltd | 0.045 | 18% | 3,642,048 | $16,657,110 |
| IND | Industrialminerals | 0.42 | 17% | 149,845 | $10,746,000 |
| BAT | Battery Minerals Ltd | 0.0035 | 17% | 900,000 | $10,675,761 |
| M4M | Macro Metals Limited | 0.0035 | 17% | 207,803 | $5,961,233 |
| PRX | Prodigy Gold NL | 0.007 | 17% | 1,259,470 | $10,506,647 |
| SCU | Stemcell United Ltd | 0.0035 | 17% | 485,458 | $3,854,189 |
| TRT | Todd River Res Ltd | 0.014 | 17% | 214,753 | $7,818,570 |
At lunchtime, Iceni Gold (ASX:ICL) is still at the top of the ladder after surging on news that further exploration at the company’s Everleigh Well target area has led to the discovery of a second gold-bearing outcrop.
“Assay results from the discovery of the second outcropping quartz vein with visible gold in the Everleigh target area are exciting, as they back up the initial field observations that reported visible gold in outcrop,” ICL technical director David Nixon said.
“The Everleigh Well target area continues to deliver in-situ gold bearing rock chips and significant numbers of various sized gold nuggets, where a number of key targets will be prepared for future exploration drilling.”
The rock chip analysis has turned up results ranging between 14,780g/t and 18,207g/t of gold.
Stockhead’s best prospect Reuben Adams says prospecting has also recovered gold nuggets across Everleigh Well, and the fact that the nuggets found near the vein are angular and show little or no signs of transport suggests the primary source may be close by.
The advanced iron ore project developer Macarthur Minerals (ASX:MIO), added 39% (up +61.3% for the week), despite not making a market-moving sound on the ASX announcements board for nearly an entire calendar month.
So… is there something in the works and word’s leaked out? Stay tuned, or ask your nearest professional.
And lithium explorer Nimy Resources (ASX:NIM), which gained 32% on news it’s intersected lithium-bearing pegmatites in eight holes, over 1.3km of strike, at the South Lake and Royale prospects within the Mons project in Western Australia.
NIM geological consultant Fergus Jockel says to intersect such extensive pegmatites below a strong lithium soil anomaly is highly promising.
“Favourable assays would confirm that the soil sampling is an effective lithium exploration tool at Mons and in this event we will move quickly to expand the anomaly, which remains open”.
TODAY’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 |
|---|---|---|---|---|---|
| C7ADB | Clara Resources | 0.056 | -44% | 2,234,866 | $15,383,454 |
| AYM | Australia United Min | 0.002 | -33% | 281,250 | $5,527,732 |
| ALV | Alvomin | 0.275 | -29% | 7,141,487 | $20,801,522 |
| AJQ | Armour Energy Ltd | 0.003 | -25% | 1,729,689 | $19,685,368 |
| DLT | Delta Drone Intl Ltd | 0.012 | -25% | 9,608,518 | $8,275,260 |
| GCR | Golden Cross | 0.003 | -25% | 3,467,705 | $4,389,024 |
| MCT | Metalicity Limited | 0.0015 | -25% | 42,933 | $7,472,172 |
| MTL | Mantle Minerals Ltd | 0.0015 | -25% | 87,500 | $12,294,892 |
| CHR | Charger Metals | 0.375 | -23% | 1,693,230 | $21,420,040 |
| SGC | Sacgasco Ltd | 0.01 | -23% | 11,823,330 | $8,004,411 |
| KNB | Koonenberrygold | 0.03 | -21% | 37,904 | $2,878,745 |
| CG1 | Carbonxt Group | 0.08 | -20% | 154,678 | $27,529,887 |
| AOA | Ausmon Resorces | 0.004 | -20% | 1,194,679 | $4,846,447 |
| ENT | Enterprise Metals | 0.004 | -20% | 5,443,999 | $3,525,403 |
| ERL | Empire Resources | 0.004 | -20% | 1,580,000 | $5,564,675 |
| NZS | New Zealand Coastal | 0.002 | -20% | 4,197,523 | $4,135,025 |
| SFG | Seafarms Group Ltd | 0.004 | -20% | 3,166,765 | $24,182,996 |
| THR | Thor Energy PLC | 0.004 | -20% | 2,571,145 | $7,300,064 |
| TSN | The Sust Nutri Grp | 0.008 | -20% | 650,384 | $1,407,629 |
| SEG | Sports Ent Grp Ltd | 0.185 | -20% | 43,497 | $60,055,766 |
| BUR | Burleyminerals | 0.18 | -18% | 441,580 | $16,416,357 |
| MXO | Motio Ltd | 0.032 | -18% | 163,536 | $10,195,952 |
| DYM | Dynamicmetalslimited | 0.26 | -17% | 1,358,411 | $11,025,000 |
| CLU | Cluey Ltd | 0.074 | -17% | 104,652 | $17,943,608 |
| 1ST | 1St Group Ltd | 0.005 | -17% | 47,749 | $8,501,947 |
Read MoreIron Ore Stocks
