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Good morning everyone, and welcome to 14 May, 2024 – an important day in history for a few different reasons.

On this day in 1787, a group of delegates gathered in the US city of Philadelphia to draw up the US Constitution, which has been widely derided as a terrible mistake.

On this day in 1797, English country doctor Edward Jenner first administered his revolutionary cowpox-based vaccine for smallpox, in Berkeley, Gloucestershire, leading to precisely zero documented cases of autism.

And it was on this day in 1842 that the world’s first illustrated weekly newspaper, The Illustrated London News began publication, leading in a roundabout fashion to the launch of ZOO Weekly in Australia, which has been widely derided as an even more terrible mistake than the US Constitution.

Luckily for you, you’re unlikely to encounter any terrible mistakes on this site this morning, as our red hot team of experts has been hard at work prepping everything you need to know before the market kicks off for the day.

That includes Nadine McGrath’s look into what Optiscan’s been up to in recent months, and Rob Badman’s take on the ins and outs of the Aussie lithium rush after Errawarra Resources (ASX:ERW) surged on news that next door neighbour Azure Minerals (ASX:AZS) found some “stacked pegmatites”.

Plus, because I live alone and I’m terribly lonely, I’ve been sitting here at my laptop into the wee hours of the morning to bring you all the data and digits and highlights listed below to help prep you for the day ahead.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,354.51 (-0.26%)

Silver: US$28.10 (-0.25%)

Nickel (3mth): US$18,723.50/t (+0.00%)

Copper (3mth): US$9,897/t (+0.00%)

Zinc: US$2,913.00/t (+0.00%)

Oil (WTI): US$78.04 (-0.19%)

Oil (Brent): US$82.51 (-0.33%)

Iron 62pc Fe: US$116.95/t (-0.00%)

AUD/USD: 0.6597 (-0.03%)

Bitcoin: US$61,131.90 (-0.52%)

 

WHAT GOT YOU TALKING

Did you miss yesterday’s wrap of what’s happening in Health Stocks? Fret not, for here is a link, with the added bonus of a photo featuring a man about to lose his hand to a robotic hand, designed by robotic hand doctors to drum up more business.

 

 

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
BUR Burleyminerals 0.16 86% 1,759,609 $12,931,901
ERW Errawarra Resources 0.10 67% 16,363,507 $5,755,240
FAU First Au Ltd 0.01 67% 84,239,160 $4,985,980
APC Aust Potash Ltd 0.00 50% 6,183,514 $4,000,189
LPD Lepidico Ltd 0.00 50% 5,300,870 $17,178,239
IND Industrialminerals 0.24 37% 551,432 $12,033,000
ANX Anax Metals Ltd 0.06 34% 37,512,693 $26,017,952
PUA Peak Minerals Ltd 0.00 33% 20,471,066 $3,124,130
RDS Redstone Resources 0.00 33% 150,000 $2,776,135
MGU Magnum Mining & Exp 0.02 32% 18,999,968 $11,331,060
BYH Bryah Resources Ltd 0.01 29% 9,665,201 $3,048,175
LV1 Live Verdure Ltd 0.54 29% 720,552 $52,381,684
PNN Power Minerals Ltd 0.14 29% 1,177,827 $9,723,529
EXL Elixinol Wellness 0.01 25% 4,066,519 $5,204,296
ID8 Identitii Limited 0.01 25% 671,703 $3,441,904
NTM Nt Minerals Limited 0.01 25% 100,000 $4,039,612
RML Resolution Minerals 0.00 25% 480,000 $3,220,044
FTL Firetail Resources 0.06 24% 394,731 $7,445,278
OIL Optiscan Imaging 0.12 22% 1,158,622 $81,863,399
FZR Fitzroy River Corp 0.15 21% 40,879 $12,954,510
D3E D3 Energy Limited 0.24 20% 1,245,117 $15,895,001
TON Triton Min Ltd 0.02 20% 2,751,714 $19,517,408
AYT Austin Metals Ltd 0.01 20% 75,000 $6,425,957
CCO The Calmer Co Int 0.01 20% 6,788,340 $6,804,398
EMT Emetals Limited 0.01 20% 710,845 $4,250,000
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Yesterday’s Small Cap Winners included:

Leading the ladder on Monday morning was Errawarra Resources (ASX:ERW) which jumped after saying that it has identified a “large, stacked pegmatite swarm” at its 100kkm2+ Andover West project, which is about 40km east-southeast of Karratha, WA, and just south of Azure Minerals’ (ASX:AZS) Andover LCT Pegmatite project (now owned by SQM/Hancock). Andover West has, notes the company, a highly promising exploration target of 100-240mt at 1-1.5% Li2O.

Elixinol Wellness (ASX:EXL) gained on news that it’s received $2.3m from divesting its minority stake in Altmed Pets.

Magnum Mining and Exploration (ASX:MGU) rose sharply after telling the market that it and Middle East for Metallic Industrial (Midmetal) have entered into an agreement with the Nasdaq-listed V Capital Consulting and 2×1.Digital to raise more than US$210m to advance a green pig iron project in Saudi Arabia. Additionally, Magnum is set to “receive no less than US$10m as working capital for its flagship Buena Vista magnetite project in Nevada for the issue, subject to Magnum shareholder approval”.

And Ramelius Resources (ASX:RMS)’s updated Mineral Resource Estimate, now including adjacent Lone Pine and Theakston deposits and incorporating recent drilling and mining information were: 21Mt at 1.7g/t for 1,200,000 ounces (up 64% on June 2023 MRE). This combines previous Mineral Resource Estimate of 730,000 oz and Exploration Target of 125,000-225,000 oz into a single resource, with the result well exceeding the upper end of the Exploration Target range, and also containing over 75% in either the Measured or Indicated categories.

 

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
JTL Jayex Technology Ltd 0.001 -80% 7,569,497 $1,406,393
AXP AXP Energy Ltd 0.001 -50% 1,119,999 $11,649,361
JAV Javelin Minerals Ltd 0.001 -50% 285,001 $4,352,462
AVW Avira Resources Ltd 0.001 -33% 62,500 $3,995,685
CNJ Conico Ltd 0.001 -33% 220,000 $2,707,643
GCM Green Critical Min 0.003 -25% 232,500 $4,546,340
LSR Lodestar Minerals 0.002 -25% 5,029,000 $4,046,795
TD1 Tali Digital Limited 0.002 -25% 1,085,956 $6,590,311
TX3 Trinex Minerals Ltd 0.003 -25% 350,000 $7,254,609
MEM Memphasys Ltd 0.007 -22% 35,962 $12,309,680
SPX Spenda Limited 0.007 -22% 2,903,228 $38,920,120
BYE Byron Energy Ltd 0.047 -22% 11,938,025 $64,727,129
ICL Iceni Gold 0.070 -21% 8,563,300 $21,943,934
AVC Auctus Invest Grp 0.470 -20% 38,882 $44,563,727
HFY Hubify Ltd 0.012 -20% 500,000 $7,442,044
MKL Mighty Kingdom Ltd 0.004 -20% 5,662,777 $12,487,999
PKO Peako Limited 0.004 -20% 400,000 $2,635,424
ROG Red Sky Energy. 0.004 -20% 2,646,366 $27,111,136
PL3 Patagonia Lithium 0.100 -17% 156,060 $5,895,420
TM1 Terra Metals Limited 0.050 -17% 5,028,604 $17,746,722
1MC Morella Corporation 0.003 -17% 41,722,986 $18,536,398
KGD Kula Gold Limited 0.010 -17% 716,984 $5,837,543
MCT Metalicity Limited 0.003 -17% 19,320,288 $13,455,285
MEL Metgasco Ltd 0.005 -17% 554,173 $6,383,320
NSX NSX Limited 0.020 -17% 117,000 $11,341,706
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TRADING HALTS 

Oceana Lithium (ASX:OCN) – pending an update of exploration results at the Company’s Napperby Project.

Australian Gold and Copper (ASX:AGC) – pending the release of an announcement to the market regarding exploration results.

IperionX (ASX:IPX) – pending an announcement regarding a proposed capital raising.

Cosmos Exploration (ASX:C1X) – pending the release of an announcement regarding an acquisition and a capital raising.

Firebird Metals (ASX:FRB) – pending an announcement in relation to project financing initiatives.

Killi Resources (ASX:KLI) ) – pending an announcement in relation to a potential joint venture and capital raising.

Perpetual Resources (ASX:PEC) – pending an announcement regarding a proposed material acquisition.

Parkway Corporate (ASX:PWN) – pending the release of an announcement to the market relating to a potential capital raise.

Control Bionics (ASX:CBL) – pending an announcement in relation to a capital raising.

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