On Stockhead today, Australian miners are increasingly recognising the ASX-worthy prospects of South East Asia’s largely resources industry and are more willing to become a part of its mining ecosystem.

FTA’s inked with these ‘hidden dragons’ have now given an actual layer of protection for companies and investors –  unheard of a few decades ago – our man in the field, Cameron Drummond reports. With foreign mining investment flows into SE Asia more advanced and flexible, a quietly ambitious flurry of ASX-listed explorers are lining up to become SEA-Worthy.

The Canadians are undoubtedly muscling in right across the world of mining and exploration, so in the spirit of Canadian director James Cameron’s The Commonwealth Strikes Back – we’re striking back – by Unearthing Them: Reuben’s always kept his working eye on rocks ‘n stocks listed in Canada -mostly on the TSX and TSX.V. – and while they’re having a crap run, he says there’s still plenty of winners in the smaller end of Toronto, resources-wise.

But first, the day ahead.


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

Sacgasco (ASX:SGC) – Capital raising.

Blue Star Helium (ASX:BNL) – Gas processing agreement announcement.

Stavely Minerals (ASX:SVY) – Capital raising.

Kairos Minerals (ASX:KAI) – Capital raising.

Encounter Resources (ASX:ENR) – Material exploration results from its Aileron Project in the West Arunta.

Raiden Resources (ASX:RDN) – Acquisition of additional ground around its Roebourne Project.

Titomic (ASX: TTT) – Capital raising.

Quantum Graphite (ASX:QGL) – Thermal testing on samples of Uley Graphite results to report.



Gold: $US1915.20 (-0.87%)

Silver: $US22.47 (-0.82%)

Nickel (3mth): $US24,025/t (+2.02%)

Copper (3mth): $US9002.50/t (+0.27%)

Oil (WTI): $US69.27 (-4.49%)

Oil (Brent): $US74.13 (-3.90%)

Iron 62pc Fe: $US114.50/t (-1.72%)

AUD/USD: 0.6756  (-0.56%)

Bitcoin: $US30,083 (-0.86%)


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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.



Here are the best performing ASX small cap stocks:

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

Code Company Price % Volume Market Cap
MHK Metalhawk. 0.195 124% 7,807,148 $5,823,379
CLE Cyclone Metals 0.0015 50% 306,126 $10,264,505
MEB Medibio Limited 0.0015 50% 254,272 $4,547,927
TD1 Tali Digital Limited 0.0015 50% 3,677,858 $3,295,156
VPR Volt Power Group 0.0015 50% 250,500 $10,716,208
RAG Ragnar Metals Ltd 0.027 35% 12,663,233 $7,583,698
MTB Mount Burgess Mining 0.002 33% 4,240,025 $1,324,757
MTH Mithril Resources 0.002 33% 16,503,921 $5,053,207
BOD BOD Science Ltd 0.065 33% 963,212 $7,502,953
H2G Greenhy2 Limited 0.018 29% 30,362 $5,862,582
CMD Cassius Mining Ltd 0.032 28% 4,317,423 $12,418,205
CAV Carnavale Resources 0.0025 25% 10,924,907 $5,467,103
GFN Gefen Int 0.01 25% 296,889 $544,801
VRC Volt Resources Ltd 0.01 25% 18,058,275 $31,515,391
LYN Lycaonresources 0.235 24% 389,815 $6,254,563
AW1 Americanwestmetals 0.145 21% 21,196,810 $31,939,394
ECS ECS Botanics Holding 0.024 20% 6,277,936 $22,134,613
GMN Gold Mountain Ltd 0.006 20% 2,461,034 $9,849,663
PVW PVW Res Ltd 0.067 20% 676,125 $5,513,962
SEN Senetas Corporation 0.025 19% 5,738,889 $25,496,953
AJX Alexium Int Group 0.013 18% 1,095,005 $7,165,287
SLA Silk Laser Australia 3.33 18% 2,516,235 $149,801,719
OLI Oliver'S Real Food 0.02 18% 46,227 $7,492,443
HMG Hamelingoldlimited 0.105 17% 855,494 $13,275,000
REY REY Resources Ltd 0.175 17% 38,678 $31,777,131
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There is zero doubt that the day belonged to Metal Hawk (ASX:MHK), which climbed more than 140% on news that the company has hit wide zones of Rare Earth Element (REE) saprolite enrichment identified from maiden aircore drilling program at Fraser South.

The results are pretty juicy, including:

  • 26m @ 1526ppm TREO from 16m to EOH, incl. 8m @ 3101ppm TREO from 32m
  • 13m @ 1202ppm TREO from 36m, incl. 5m @ 2298ppm TREO from 44m
  • 8m @ 1087ppm TREO from 36m and 10m @ 1781ppm TREO from 52m
  • 19m @ 816ppm TREO from 8m, incl. 3m @ 2840ppm TREO from 24m to EOH

On top of that, the company reports that the mineralised intervals have an average of 20.5% Magnetic Rare Earth Oxides (MREO), and that the high grades of up to 4120ppm Total Rare Earth Element Oxides (TREO) 1 from 4m composite sampling confirms it’s a good spot.

Big in Sweden, Ragnar Metals (ASX:RAG) jumped 35% on Monday – with a lot to unpack – no less than 5 market-moving announcements in the space of 90 seconds and while the fickle truth of it all is known only to Reubs and his cabal of dedicated readers, this is the shell of it:

Dormant all year, RAG snapped up four lithium and REE projects and unloaded the ‘Tullsta’ nickel assets to mining major BHP for $9.8m.

The lightly explored ‘Halleberget’ and ‘Bergom’ hard rock lithium projects include low grade, but promising, surface sampling results like up to 0.473% Li2O, 196 ppm Ta and 4.48% Sn.

The ‘Olserum’ and ‘Gruvhagen’ REE projects come with historical exploration results of up to 3.7% TREO, including very high heavy REE and Nd/Pr ratios.

RAG is also about to sell its more advanced Tullsta project, also in Sweden, to mining behemoth BHP for a tidy $9.8m. RAG will retain a 1% smelter royalty, which BHP can buy for another $10m.

Limestone explorer Cassius Mining (ASX:CMD), on Monday reported 80% of drill assays from the ‘Soalara’ limestone project in Madagascar have returned an average grade of 97.44% calcium carbonate, classifying it as “high purity” limestone.

High (97-98.5%) to very high purity (+98.5%) limestone sequences remain open at 100m depth in all 9 holes, the company says, which has investors excited enough to drive up its price a tidy 35% for the day.

“With all nine vertical core holes to date confirming flat-bedded geology, encountering multiple thick sequences of Limestone at very shallow depths in every single hole in the two highest categories of purity and remaining open at depth in every hole, we are extremely optimistic on the future success of the project,” Cassius CEO James Arkoudis says.

“With the initial MRE scheduled for July, we are confident the outcome will raise many options for our forward work program, including consideration of development plans with or without potential JV partners,” Arkoudis said, not unlike the Cassius who got the ball rolling re: assassination of Julius Caesar.



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
BOAR Boadicea Resources 0.001 -67% 1,958,144 $143,961
NYR Nyrada Inc. 0.037 -53% 3,118,846 $12,324,687
IS3 I Synergy Group Ltd 0.008 -43% 1,003,843 $4,047,125
WFL Wellfully Limited 0.003 -40% 1,119,530 $2,464,721
BP8 Bph Global Ltd 0.002 -33% 54,878 $3,854,189
EMU EMU NL 0.002 -33% 1,033,970 $4,350,064
FAU First Au Ltd 0.002 -33% 325,000 $4,355,980
MRQ Mrg Metals Limited 0.002 -33% 9,485,555 $5,957,756
OAU Ora Gold Limited 0.002 -33% 2,531,258 $11,810,775
PUA Peak Minerals Ltd 0.002 -33% 75,855 $3,124,130
WEL Winchester Energy 0.002 -33% 413,326 $3,061,266
NES Nelson Resources. 0.004 -27% 794,000 $3,237,269
PHL Propell Holdings Ltd 0.027 -27% 40,518 $4,453,154
AXP AXP Energy Ltd 0.0015 -25% 438,867 $11,649,361
ICN Icon Energy Limited 0.003 -25% 19,414 $3,072,055
AD1 AD1 Holdings Limited 0.004 -20% 1,320,710 $4,112,845
ERL Empire Resources 0.004 -20% 1,700,000 $5,564,675
GCR Golden Cross 0.002 -20% 360,000 $2,743,140
NGY Nuenergy Gas Ltd 0.029 -19% 50,000 $53,314,398
MRI Myrewardsinternation 0.017 -19% 89,080 $6,470,062
BFC Beston Global Ltd 0.009 -18% 916,392 $21,967,516
OPN Oppenneg 0.009 -18% 1,323,021 $2,667,830
EPM Eclipse Metals 0.014 -18% 4,339,772 $34,477,016
CPT Cipherpoint Limited 0.005 -17% 1,669,316 $6,955,450
GTG Genetic Technologies 0.0025 -17% 132,197 $34,624,974
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