Rise and Shine: Everything you need to know before the ASX opens

On Stockhead today,

Miners and explorers are among those calling for clarity on the impact of a new Aboriginal heritage act in WA some believe could stall exploration and introduce costs likely to put a handbrake on the industry.

It comes with the sector struggling to contain the fallout from a ‘liquidity crunch’ which has seen IPOs and capital raisings slide hard in recent months amid a weakening global economic outlook.

Josh Chiat has all the news.

But first, the day ahead.

TRADING HALTS

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

Polymetals Resources (ASX:POL) – Capital raising by way of share placement.

Tinybeans Group (ASX:TNY) – Accelerated non-renounceable entitlement offer.

Hot Chili (ASX:HCH) – Costa Fuego copper-gold project Scoping Study results

Jade Gas Holdings (ASX:JGH) – Material announcement, and possibly a tummy ache after all the tiny beans and chili. Poor girl.

PointsBet (ASX:PBH) – Material transaction, after the Swans 30.19 (204) beat West Coast 5.4 (34) on the weekend making everyone’s multi worth $9 trillion.

Cavalier Resources (ASX:CVR) – Exploration results… not sure where from, but.

Forrestania Resources (ASX:FRS) – Incomplete data on this morning’s announcement.

True North Copper (ASX:TNC) – Maiden ore reserve statement for the Great Australia Mine, part of its 100% owned Cloncurry Project in Queensland.

COMMODITY/FOREX/CRYPTO MARKET PRICES

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%)

WHAT GOT YOU TALKING?

Belt scale.

Recharge is all set to start exploration at a “belt-scale” lithium opportunity in Canada’s emerging James Bay region after completing the acquisition of the Wapistan project. https://t.co/itTCTlEOIU #ad #ASX @RechargeMetals

— Stockhead (@StockheadAU) June 27, 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.

TUESDAY’S ASX SMALL CAP LEADERS

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
FRS	Forrestaniaresources	0.2	163%	15,255,774	$6,461,029
LVE	Love Group Global	0.11	49%	115,000	$2,999,529
IIQ	Inoviq Ltd	0.71	42%	2,202,964	$46,009,351
CYQ	Cycliq Group Ltd	0.008	33%	283,500	$2,085,100
ICN	Icon Energy Limited	0.004	33%	757,300	$2,304,041
PHL	Propell Holdings Ltd	0.028	27%	27,071	$2,647,821
DCX	Discovex Res Ltd	0.0025	25%	428,600	$6,605,136
FAU	First Au Ltd	0.0025	25%	1,263,981	$2,903,987
MRD	Mount Ridley Mines	0.0025	25%	8,292,017	$15,569,766
MRQ	Mrg Metals Limited	0.0025	25%	3,000,000	$3,971,837
NES	Nelson Resources.	0.005	25%	2,006,300	$2,354,377
OAU	Ora Gold Limited	0.0025	25%	4,775,460	$7,873,850
DCL	Domacom Limited	0.043	23%	261,373	$15,242,562
OZZ	OZZ Resources	0.135	23%	1,680,531	$8,409,430
GEN	Genmin	0.165	22%	110,387	$60,923,237
LML	Lincoln Minerals	0.018	20%	27,577,963	$8,624,755
IGN	Ignite Ltd	0.06	20%	289,422	$4,479,109
IOD	Iodm Limited	0.36	20%	443,410	$177,962,103
CAV	Carnavale Resources	0.003	20%	1,684,658	$6,833,879
NNG	Nexion Group	0.012	20%	15,805	$1,903,848
RLC	Reedy Lagoon Corp.	0.006	20%	152,741	$2,833,598
APS	Allup Silica Ltd	0.066	20%	230,094	$2,116,241
PVW	PVW Res Ltd	0.08	19%	1,022,283	$6,597,061
LM1	Leeuwin Metals Ltd	0.415	19%	526,530	$15,674,750

Forrestania Resources (ASX:FRS) issued a release earlyabout hitting a lot of potentially lithium-bearing pegmatite in 13 of 14 drill holes at the Calypso prospect, part of the Forrestania project in WA.

The thickest intercept was 63m, the company says, adding that assays are due in about weeks – and that was enough to have FRS up as high as +180%, before the ASX pulled on the handbrake just before 11:00am with the needle on +163%.

At 12:35pm, FRS went into a trading halt, as the company’s been asked to provide a supplementary information to its release this morning – which it managed to sneak in just before the market closed.

Punters were not impressed by the update, paring gains to a still impressive +90% for the day.

Health Care player Inoviq (ASX:IIQ), gained 46% after revealing that its SubB2M/CA15-3 breast cancer test detects all stages of breast cancer with excellent accuracy (87%), sensitivity (81%) and specificity (93%).

Inoviq, a developer of next-generation exosome solutions and precision diagnostics, says that an independent clinical validation study of its SubB2M/CA15-3 blood test has produced really strong results, which “support the commercial potential of our simple, cost-effective test for screening and monitoring of breast cancer”.

And in third place, recently-revived and re-listed Lincoln Minerals (ASX:LML) , up 27% on news it’s drilled into broad zones of shallow, high-grade graphite alongside the existing 1.85Mt @ 9.8% Koppio resource, part of the Kookaburra Gully project in South Australia.

New results include a highlight 29m @ 12.65% TGC (total graphitic carbon) from 60m, including 13m @ 18.24% TGC from 69m.

It’s a welcome return to the land of the living for Lincoln, which was MIA from the ASX for quite some time, and only made a recent return to the fold at the start of this month after a will-it-or-won’t-it acquisition saga co-starring Quantum Graphite (ASX:QGL), which remains unresolved.

QGL is in a trading halt right now, but that’s reportedly due to upcoming results from “further thermal testing on samples of Uley Graphite at higher temperatures”, and nothing to do with Lincoln, apparently.

Weird move of the day goes to internet dating mob Love Group (ASX:LVE), which is up 48.6% on no news other than BNP Parabis – which at last count held something like $4.34 trillion in assets – spent $43 buying another 528 Love Group shares last week.

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
CLE	Cyclone Metals	0.001	-50%	38,172,848	$20,529,010
BP8	Bph Global Ltd	0.002	-33%	614,251	$3,854,189
VPR	Volt Power Group	0.001	-33%	36,670,669	$16,074,312
WFL	Wellfully Limited	0.002	-33%	26,542,045	$1,478,832
MHK	Metalhawk.	0.135	-27%	1,765,351	$12,383,048
ADY	Admiralty Resources.	0.006	-25%	24,377	$10,428,633
AUH	Austchina Holdings	0.003	-25%	100,000	$8,311,535
ENT	Enterprise Metals	0.003	-25%	67,509	$2,917,884
GGX	Gas2Grid Limited	0.0015	-25%	1,400,000	$8,154,204
MTB	Mount Burgess Mining	0.0015	-25%	1,081,833	$1,766,342
SIT	Site Group Int Ltd	0.003	-25%	1,431,802	$10,409,961
BME	Blackmountainenergy	0.015	-25%	42,893	$3,664,484
BXN	Bioxyne Ltd	0.017	-23%	40,000	$41,836,199
RCW	Rightcrowd	0.014	-22%	2,225,104	$4,737,453
A8G	Australasian Metals	0.11	-21%	190,577	$7,296,869
AVE	Avecho Biotech Ltd	0.004	-20%	2,155,100	$10,810,796
CTO	Citigold Corp Ltd	0.004	-20%	1,052,107	$14,368,295
GFN	Gefen Int	0.008	-20%	240,000	$681,001
KNM	Kneomedia Limited	0.004	-20%	864,357	$7,523,927
PYR	Payright Limited	0.004	-20%	4,136	$4,404,426
YPB	YPB Group Ltd	0.002	-20%	4,667	$1,548,122
ONE	Oneview Healthcare	0.2325	-20%	1,208,137	$154,705,479
AHI	Advanced Health	0.205	-20%	632,530	$55,387,012
KSN	Kingston Resources	0.083	-19%	1,286,679	$42,604,500
WBT	Weebit Nano Ltd	5.7	-18%	2,420,812	$1,300,975,447