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

Good morning everyone, and welcome to 11 April, 2024 – an important date in the history of military happenings for a variety of nations around the globe.

It was on this day in 1241 that the Battle of Mohi took place, which saw Mongol leaders Batu and Subedei defeat Hungarian King Béla IV in a major battle during the Mongolian invasion of Hungary, which ended with about 30,000 Hungarians dead… which was, at the time, pretty much all of them.

On this day in ~~1841~~ 1814, Napolean Bonaparte was exiled to Elba, after he attempted to conquer the entire world and – *ahem* – came up a little short.

And on this day in 1898, Spain declared war on the United States, which didn’t go well for Spain, as it was on this day in 1899 that the Treaty of Paris was ratified, and Spain ceded Puerto Rico to ‘Murica.

On an far more peaceful note, I am delighted to inform you that the Stockhead team has been beavering away tirelessly, to bring you some excellent content to peruse before the market gets going today.

That includes … stuff. I’m not sure. Something about a rare earths company that’s massively undervalued, probably. And Badman squeezed his eyes shut really tight and made some lithium news. Little battler that he is.

Plus, I have once again dedicated countless nanoseconds of my fleeting existence to writing down a series of numbers and facts, just so you can look smart when the market opens later this morning.

You’re welcome.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,356.72 (+0.16%)

Silver: US$28.24 (+0.28%)

Nickel (3mth): US$17,778.00/t (+0.51%)

Copper (3mth): US$9,295.00/t (+0.15%)

Oil (WTI): US$85.30 (-0.02%)

Oil (Brent): US$89.45 (-0.16%)

Iron 62pc Fe: US$104.33/t (+1.58%)

AUD/USD: 0.6620 (-0.11%)

Bitcoin: US$69,332.00 (+0.31%)

WHAT GOT YOU TALKING

Clarity Pharma is making in-roads into the fight against cancer, and Eddy Sunarto’s had a solid dig into how it all works. Hint: it’s copper!

.@Clarity_Pharma ( $CU6 ) is one of the only firms left with an advanced program. Eddy Sunarto reached out to Clarity’s executive chairperson, Dr Alan Taylor. https://t.co/U0O1AH16HY

— Stockhead (@StockheadAU) April 9, 2024

YESTERDAY’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	Name	Price	% Change	Volume	Market Cap
FRS	Forrestaniaresources	0.029	107%	39,354,726	$2,265,000
PSC	Prospect Res Ltd	0.135	55%	6,314,637	$40,309,881
CNJ	Conico Ltd	0.002	50%	2,005,517	$1,805,095
MKL	Mighty Kingdom Ltd	0.003	50%	25,933,626	$1,322,533
TD1	Tali Digital Limited	0.002	50%	10,781,096	$3,295,156
TMR	Tempus Resources Ltd	0.006	50%	1,855,682	$2,923,995
WTM	Waratah Minerals Ltd	0.105	40%	1,877,845	$11,202,337
IEC	Intra Energy Corp	0.002	33%	500,000	$2,536,172
NES	Nelson Resources.	0.004	33%	500,000	$1,840,783
GTG	Genetic Technologies	0.180	33%	253,193	$15,581,328
NWM	Norwest Minerals	0.042	31%	3,429,130	$12,419,824
ABE	Ausbondexchange	0.028	27%	28,299	$2,478,699
PHL	Propell Holdings Ltd	0.011	22%	9,629	$2,505,043
BBT	Bluebet Holdings Ltd	0.305	22%	687,187	$50,276,586
SPN	Sparc Tech Ltd	0.305	22%	315,330	$21,411,419
CPN	Caspin Resources	0.088	21%	739,320	$6,881,394
AYT	Austin Metals Ltd	0.006	20%	2,546,014	$6,425,957
CAV	Carnavale Resources	0.006	20%	2,065,857	$17,117,759
CHK	Cohiba Min Ltd	0.003	20%	5,956,264	$8,970,610
OSL	Oncosil Medical	0.006	20%	1,885,000	$11,277,706
VRC	Volt Resources Ltd	0.006	20%	847,698	$20,650,533
M4M	Macro Metals Limited	0.013	18%	57,835,367	$35,552,734
SRL	Sunrise	0.870	18%	125,290	$66,768,349
SBM	St Barbara Limited	0.270	17%	14,708,494	$188,133,187
EMH	European Metals Hldg	0.310	17%	51,381	$32,753,496
WA1	WA1 Resources	15.030	2%	206,354	$901,644,551

Yesterday’s Small Cap Winners included:

Out in front Thursday was Forrestania Resources (ASX:FRS), which revealed that it’s been poring over old exploration and digging date, and had boots on the ground on-site, in its search for gold at the Ada Ann and Bonnie Vale North prospects, just north of Coolgardie, WA.

The highlight of the announcement was a rock chip grab sample that contained 49g/t Au, found in previously unrecorded, historic drill spoils at Ada Ann, to go with other grab samples of 15.7g/t and 13.5g/t.

Other gold finds pushing gains include Waratah Minerals (ASX:WTM), which reported maiden drilling at Spur, just 5km west from big gun Newmont Corporation’s (ASX:NEM) flashy Cadia Valley project (>50Moz Au, 9.5Mt Cu 1). And Waratah’s Spur is also hosted in “equivalent Late Ordovician-aged geology” within the Molong Belt of mineralisation.

Prospect Resources (ASX:PSC) has executed an agreement that will see Orpheus Minerals (ASX:ORP) exiting from its exploration projects in Zambia, and pay $1.0 million in fully paid PSC shares as partial reimbursement of prior exploration expenditure, along with three options to acquire ordinary PSC shares for every four shares issued, at 15 cents per share, expiring three years after issue.

Kula Gold’s (ASX:KGD) ultrafine soil sampling program has discovered the new Boomerang gold anomaly at its Marvel Loch project near Southern Cross. Drilling approvals are in place and a rig is ready to begin testing in the coming weeks.

And Wildcat Resources (ASX:WC8) said drilling beneath the Leia deposit has discovered a thick lithium mineralised repetition named the “Luke Pegmatite”, with best intercepts of: 41.0m @ 1.0% Li2O from 267m. Meanwhile diamond drilling at Leia continues to return impressive new results including: 68.0m @ 1.4% Li2O from 337m.

YESTERDAY’S ASX SMALL CAP LAGGARDS

Here are the worst performing ASX small cap stocks:

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

Code	Name	Price	% Change	Volume	Market Cap
AXP	AXP Energy Ltd	0.001	-50%	9,297,454	$11,649,361
MHC	Manhattan Corp Ltd	0.002	-33%	10,112,532	$8,810,939
WEL	Winchester Energy	0.002	-33%	500,000	$3,061,266
SOM	SomnoMed Limited	0.210	-30%	813,211	$32,354,969
1MC	Morella Corporation	0.003	-25%	3,737,624	$24,715,198
RIL	Redivium Limited	0.003	-25%	100,000	$10,923,419
RMX	Red Mount Min Ltd	0.002	-25%	17,243,525	$5,347,152
TKL	Traka Resources	0.002	-25%	40,000	$3,501,317
NVU	Nanoveu Limited	0.018	-24%	1,823,873	$10,250,999
NMR	Native Mineral Res	0.024	-20%	100	$6,295,515
SRR	Saramaresourcesltd	0.024	-20%	725,382	$2,412,573
ECT	Env Clean Tech Ltd.	0.004	-20%	324,946	$15,859,052
LNU	Linius Tech Limited	0.002	-20%	18,777,000	$12,991,852
MCT	Metalicity Limited	0.002	-20%	290,000	$11,212,634
NYR	Nyrada Inc.	0.105	-19%	5,500,842	$23,323,131
VRX	VRX Silica Ltd	0.073	-19%	1,217,560	$52,504,069
FZR	Fitzroy River Corp	0.120	-17%	1,474	$15,653,366
MCL	Mighty Craft Ltd	0.015	-17%	92,460	$6,572,379
BLZ	Blaze Minerals Ltd	0.005	-17%	1,366,051	$3,771,349
MOM	Moab Minerals Ltd	0.005	-17%	1,425,800	$4,271,781
TAS	Tasman Resources Ltd	0.005	-17%	101,000	$4,276,016
VML	Vital Metals Limited	0.005	-17%	2,209,070	$35,370,402
YAR	Yari Minerals Ltd	0.005	-17%	25,000	$2,894,147
ENX	Enegex Limited	0.021	-16%	7,000	$9,222,900

TRADING HALTS

Forbidden Foods (ASX:FFF) – pending an announcement by the company in relation to a proposed capital raising.

Argenica Therapeutics (ASX:AGN) – pending an announcement by the company regarding a capital raising.

Tigers Realm Coal (ASX:TIG) – pending an announcement regarding the judgement made by the Federal Court of Australia on 9 April 2024 in relation to the declaratory relief proceedings commenced by the company. The Federal Court has dismissed the company’s application.

Aguia Resources (ASX:AGR) – pending an anticipated announcement by the Company regarding a proposed capital raising.