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

Good morning everyone, and welcome to 30 April, 2024 – an important date on the historical calendar for a number of reasons.

Those include the tale of the spire of Beauvais Cathedral, France, which was, until this day in 1573, the tallest human-made monument in the world, when it quite quickly became one of the shortest by collapsing.

On this day in 1869, the Hawaiian YMCA was formed, ushering in the era of the Village People which would reach its peak in 1978 with a music video that caused a sensational quantity of sexual confusion among young men everywhere.

And it was on this day that a man named Ernest A. Hamwi astounded everyone at the St. Louis World’s Fair, when he presented his invention – the ice cream cone. Hamwi’s method of creating an edible wafer-like cone revolutionised the industry, after earlier attempts made from lead had proven to be somewhat unpopular.

And because I, gentle reader, have spent several gruelling minutes compiling some data, there’s a binch of digits and highlights listed below to help prep you for a happy Monday on the bourse.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,334.89 (-0.04%)

Silver: US$27.31 (+0.43%)

Nickel (3mth): US$19,177.50/t (+1.72%)

Copper (3mth): US$9,852.69/t (+0.63%)

Oil (WTI): US$83.36 (-0.58%)

Oil (Brent): US$87.65 (-0.58%)

Iron 62pc Fe: US$110.16/t (+0.00%)

AUD/USD: 0.6563 (-0.04%)

Bitcoin: US$62,389.40 (-1.14%)

WHAT GOT YOU TALKING

If you missed Josh Chiat’s latest instalment of Monsters of Rock, here it is in all it’s monstrously rocky glory.

Monsters Of Rock: Japanese conglomerates ramp up investment in #WA #nickel #laterite just as Ravensthorpe operations shuts down (again). 🇯🇵 https://t.co/EXraeg4BBh

— Stockhead (@StockheadAU) April 29, 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
MSI	Multistack International	0.014	250%	2,000	$545,216
FAU	First Au Ltd	0.002	100%	2,384,922	$1,661,993
ERL	Empire Resources	0.003	50%	371,712	$2,225,870
MRQ	MRG Metals Limited	0.0015	50%	176,923	$2,525,119
TD1	Tali Digital Limited	0.0015	50%	1,309,179	$3,295,156
CBY	Canterbury Resources	0.046	44%	3,287,379	$5,495,709
ADG	Adelong Gold Limited	0.004	33%	150,565	$2,641,467
HCD	Hydrocarbon Dynamic	0.004	33%	180,737	$2,425,747
HLX	Helix Resources	0.004	33%	8,813,707	$6,969,438
MTL	Mantle Minerals Ltd	0.002	33%	1,943,820	$9,296,169
SKN	Skin Elements Ltd	0.004	33%	1,150,960	$1,768,458
MXO	Motio Ltd	0.02	33%	261,080	$4,022,975
PVT	Pivotal Metals Ltd	0.02	33%	996,201	$10,561,774
ERW	Errawarra Resources	0.048	30%	1,084,912	$3,549,065
REM	Remsense Technologies	0.019	27%	138,564	$2,247,895
G11	G11 Resources Ltd	0.03	25%	1,497,723	$17,978,931
MKL	Mighty Kingdom Ltd	0.005	25%	2,067,874	$9,323,732
OSL	Oncosil Medical	0.005	25%	2,075,022	$9,022,165
PPL	Pureprofile Ltd	0.02	25%	2,964,486	$18,549,995
ROG	Red Sky Energy	0.005	25%	56,240,271	$21,688,909
RCR	Rincon	0.085	23%	57,291,927	$15,259,444
KGD	Kula Gold Limited	0.011	22%	520,668	$4,378,157
INF	Infinity Lithium	0.061	22%	471,285	$23,129,605
CYM	Cyprium Metals Ltd	0.039	22%	12,289,773	$48,790,794
PKD	Parkd Ltd	0.028	22%	229,561	$2,392,319

Yesterday’s Small Cap Winners included:

Way out in front on Monday was hitherto low-flying copper prospect Canterbury Resources (ASX:CBY). All that’s changed, probably because Stockhead’s Garimpeiro went looking last week for juniors in the copper porphyry space and got frothy when it came to a little thing he covered years ago.

CBY was worth about double what it was at 10am, and Garimpiero says CBY’s closer to a Tier 1 copper-gold porphyry deposit.

“It has stuck to its task over the years and has some 1.8Mt of copper and 3.16M ounces of gold in resources spread across projects in Queensland and PNG, all of which are the subject of joint ventures with deep-pocket partners.”

No news, but up like a French flag on Bastille Day.

Rincon Resources (ASX:RCR) jumped happily over 25% and is now up 220% over the past week as news of its recent uncovering of a ‘bullseye’ target at its project in the West Arunta region of WA continues to turn heads.

And that’s a target, dubbed Avalon, “of similar size and character” to WA1 Resources’ (ASX:WA1) Luni carbonatite, and IOCG (iron oxide copper-gold) deposits like Prominent Hill and Ernest Henry.

Our old lithium loving mates at Errawarra Resources (ASX:ERW) are back in the news, shining their shoes, kicking off the blues, ready to cruise, matching cows with moo’s and lighting another fuse after striking a deal with Alien Metals (LSE:UFO) for a handy looking JV at Pinderi Hills located in the West Pilbara.

Executive chairman Thomas Reddicliffe says the project comprises 175km2 of prospective ground which comprises both granted mining leases and exploration licences and is located 25km to the southwest of Errawarra’s heroic Andover West.

He reckons the new JV makes Errawarra one of the largest exploration companies by area in the ‘world class lithium province.’

“The Pinderi Hills Project was highly sort after and has potential to host lithium pegmatites and is located to the southwest of Azure’s lithium project at Andover. Having identified and confirmed a large pegmatite swarm on the tenements we will be moving quickly to determine the lithium potential of these pegmatites by way of systematic mapping and sampling and we would hope this will lead to drill testing of the pegmatites that prove to be fertile.”

Also digging for dosh on Monday was Aspire Mining (ASX:AKM) which has developing coking coal assets in Mongolia.

AKM says it’s been working through major permits and approvals required to begin mining at the flagship, 100% owned Ovoot project as it prepares updates to its JORC coking coal reserve estimates.

The final one of those important approvals has been ticked off the to-do list, as of Monday, AKM told the exchange today.

It’s a Detailed Environmental Impact Assessment (DEIA) for the construction of a public road from the Ovoot project, given the nod by the Professional Council of the Ministry of Nature, Environment and Tourism (MNET).

This will support product haulage from Ovoot and it represents a major milestone for Aspire as it’s the last of the major permits needed to progress development of the coking coal project.

Aspire can now get on with formal financing endeavours related to its flagship operation.

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
KNB	Koonenberry Gold	0.014	-30%	3,303,292	$2,754,229
YAR	Yari Minerals Ltd	0.004	-27%	6,078,488	$2,652,968
CT1	Constellation Tech	0.0015	-25%	275,000	$2,949,467
RIL	Redivium Limited	0.003	-25%	630,635	$10,923,419
RIM	Rimfire Pacific	0.024	-25%	10,614,807	$71,934,228
ZNO	Zoono Group Ltd	0.042	-24%	987,116	$11,754,823
FZR	Fitzroy River Corp	0.115	-23%	225,000	$16,193,138
AMD	Arrow Minerals	0.004	-20%	82,018,969	$47,398,532
CAV	Carnavale Resources	0.004	-20%	5,496,718	$17,117,759
TIG	Tigers Realm Coal	0.004	-20%	734,614	$65,333,512
EE1	Earths Energy Ltd	0.013	-19%	2,980,046	$8,479,427
VTI	Vision Tech Inc	0.11	-19%	132,914	$7,392,044
ASE	Astute Metals NL	0.044	-19%	2,179,185	$22,168,052
SPN	Sparc Tech Ltd	0.22	-17%	472,301	$22,696,104
OZZ	OZZ Resources	0.035	-17%	159,324	$3,886,265
PL3	Patagonia Lithium	0.1	-17%	85,000	$5,895,420
EXL	Elixinol Wellness	0.005	-17%	1,914,089	$7,806,444
IVX	Invion Ltd	0.005	-17%	11,819	$38,547,193
NGS	NGS Ltd	0.005	-17%	1,563,763	$1,507,364
NTM	NT Minerals	0.005	-17%	537,762	$6,059,417
PUR	Pursuit Minerals	0.005	-17%	7,933,452	$17,663,828
SIT	Site Group Int Ltd	0.0025	-17%	90,000	$7,807,471
VRC	Volt Resources Ltd	0.005	-17%	100,347	$24,952,069
APS	Allup Silica Ltd	0.042	-16%	20,074	$1,923,855
VNL	Vinyl Group Ltd	0.11	-15%	1,590,238	$78,618,184

TRADING HALTS

QMines (ASX:QML) – pending the release of its Mt Chalmers Project Pre-Feasibility Study.

Lycaon Resources (ASX:LYN) – pending an announcement regarding a proposed capital raising.

Patriot Lithium (ASX:PAT) – pending the release of an announcement regarding a capital raising.

WA Kaolin (ASX:WAK) – pending an announcement regarding a capital raising.

Turaco Gold (ASX:TCG) – pending the release of an announcement in relation to a capital raising.

Equinox Resources (ASX:EQN) – pending a material results announcement in connection with the Mata da Corda Rare Earth Element (REE) fieldwork program in Brazil.

Strike Resources (ASX:SRK) – pending the release of a market announcement in respect of the sale of LEL’s interest in the Solaroz Lithium Brine Project in Argentina.

Lithium Energy (ASX:LEL) – pending the release of a market announcement in respect of the sale of the Company’s interest in the Solaroz Lithium Brine Project in Argentina.

Adveritas (ASX:AV1) – pending release of an announcement regarding a placement.

ioneer (ASX:INR) – pending an announcement in relation to a capital raising.

Anatara Lifesciences (ASX:ANR) – pending an announcement to the market in relation to a proposed capital raising.