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.

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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.

 

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
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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
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