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Good morning everyone, and welcome to 03 June, 2024 – an important day in history of the world for a variety of dumb reasons.

It was on this day in 987 that Hugh Capet, aka Hugh the Great, was crowned King of the Franks in Noyon – despite quite clearly not even being called Frank, the cheeky bastard.

And on this day in 1215 that Emperor Xuanzong of Jin got absolutely spanked by Genghis Khan and his Mongol warriors, who were rewarded with an entire calendar month of looting the city, which they thought was really Peking cool.

A few years later in 1283, the format for every soap opera in existence was inadvertently discovered when Albert I, son of Rudolf I of Hapsburg, was made the sole ruler of the Duchies of Austria and Styria under the Treaty of Rheinfelden.

In order for that to occur, it meant Albert I had to remove his own brother – Rudolph II – as co-ruler – but, in an attempt to smoothe things over, Rudolph I made Rudolph II the Duke of Swabia.

Trouble was, Swabia was a horrible disaster of a place, and the slight by Albert I left a lasting impression on Rudolph II – so much so that Rudolph II’s son John the Nothingth (he had no title… he was just “John”) bore that grudge to its ultimate, terrible conclusion.

On 1 May, in 1308, John the Nothhingth murdered his uncle, King Albert I, in revenge – and earned himself the title of John Parricida, after the crime of parricide, which is the murder of a parent or close relative.

Luckily for you, you won’t have to murder your uncle today in order to get the best of the pre-market info you need to get the week started off right.

To help you this morning, Somebody has Written Something that I Will Put In Here Later, I Promuse, and I’ve put together lots of fiddly little things below, so you can don’t need to go ferreting all over the internet for your ASX info this morning.



Gold: US$2,343.29 (-0.09%)

Silver: US$31.07 (+0.03%)

Nickel (3mth): US$19,766/t (-2.40%)

Copper (3mth): US$10,293/t (-0.84%)

Zinc: US$3,012.89/t (-0.92%)

Oil (WTI): US$77.79 (-0.03%)

Oil (Brent): US$83.55 (+0.02%)

Iron 62pc Fe: US$117.62/t (-0.02%)

AUD/USD: 0.6652 (+0.34%)

Bitcoin: US$68,392.30 (+0.08%)



The inimitable Barry FitzGerald sat down with DY6 Metals (ASX:DY6) boss Lloyd Kaiser to find out what the news is from DY6’s Tundulu project, and why Lloyd’s feelin’ pretty groovy about it.




Here are the best performing ASX small cap stocks:

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Monday’s Small Cap Winners included:

Kula Gold (ASX:KGD) gained nicely through the morning on news that the company has decided to acquire the historic Mt Palmer Gold Mine, last commercially mined in 1944 down to only the 6th Level (~160m) at 15.9g/t Au. Kula says that the mine’s location, just 15km from the Marvel Loch gold processing plant and infrastructure, aligns with its strategy of exploring near to existing operations to fast track any discovery to monetary success.

Graphite producer and natural graphite anode developer Volt Resources (ASX:VRC) was also on the move Friday morning, after providing an update on a shipment of high purity graphite product.

Volt says its subsidiary, Zavalievsky Graphite, has commenced production of high purity micronized graphite for the 40-tonne customer order received in April 2024 and is targeting completion by July 2024. To-date, about 26 tonnes have been produced and shipped to the customer.

Papyrus Australia (ASX:PPY) continued to enjoy investor support on Friday morning, after the company clarified some of the structural elements of the contracts it recently signed with the Egyptian government, which – in a mildly convoluted way that I have run out of time trying to comprehend – “represents potential revenue of up to $2.7m USD per year from moulded product sales by Papyrus”.

Voltaic Strategic Resources (ASX:VSR) says that recent rock chip sampling at the Eldinero prospect, part of its Meekatharra project in WA, has shown visible signs of copper-gold minerals in quartz veins, extending the surface strike length to 200m.

This is a big step forward for the company’s exploration work, showing promise for more discoveries at the project.

The minerals seem to be connected to the Burnakura Shear Zone, which stretches over 10km and is made up of dolerites. And this zone is important because it holds several gold deposits.

The company notes that the Meekatharra tenement package is largely underexplored, despite its proximity to numerous historical and active open pits and underground mines, and geologically prospective structures.

Falcon Metals (ASX:FAL) was still well up on Tuesday’s news. Falcon is now up ~75% since announcing a high grade mineral sands discovery, called Farrelly, Tuesday this week.

“While it is early days in our understanding of Farrelly, with more drilling and test work required, it is shaping up to become a significant mineral sands deposit, in proximity to other major deposits, but at far higher grades,” MD Tim Markwell says.

Forrestania Resources (ASX:FRS) was also up on announcing it’s entered into an option agreement with shareholders of Netley Minerals to acquire 100% of issued shares in Netley, which is the holder of highly prospective iron ore tenements right next to Mineral Resources’ (ASX:MIN) Koolyanobbing operations.

Potentially big for FRS, that, which enters into a three-month option period, in which the company will drill test several iron ore targets identified by Netley and its advisors.

Spacetalk (ASX:SPA)  has made a move back into the European market by teaming up with Elisa, a major mobile operator in Finland. This partnership means Spacetalk’s Adventurer 2 and Loop products will be sold in 67 Elisa stores and online starting in June. Elisa will have exclusive rights to sell Spacetalk products in Finland for 12 months. Initially, Elisa will stock 1600 Spacetalk devices, with an estimated annual sales of 5000 units

Wound care medical company, AVITA Medical ASX:AVH), surged +13% this morning after receiving an FDA approval for its latest product, the RECELL GO System. The RECELL GO system will launch in top burn treatment centres in the US initially, with plans for broader availability in the future. CEO Jim Corbett believes this FDA approval will revolutionise wound care, making treatment more accessible and effective.

EZZ Life Science (ASX:EZZ) has entered into a significant sales agreement with Pinehills (Hong Kong) Limited, spanning five years.

Under the terms, Pinehills has committed to procuring EZZ-branded products worth at least $15 million within the initial 12-month period. Over the duration of the agreement, the annual purchase volumes are set to escalate by a minimum of 10% each year.

EZZ says the deal represents a strategic move for EZZ, as it will facilitate the expansion of its product distribution into key markets such as China, Vietnam, and other Southeast Asian markets.

PharmAust (ASX:PAA) has made key changes to its leadership team, reappointing Dr Michael Thurn as managing director and CEO, and welcoming Dr Nicky Wallis as chief scientific officer.

Dr Wallis, a neuroscientist with extensive global experience, will lead the evaluation of monepantel for potential use in treating neurodegenerative diseases.

These appointments mark a significant shift for the company as it aims to become a global leader in this field.



Here are the worst performing ASX small cap stocks:

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Farm Pride Foods (ASX:FRM) – pending an announcement to the market in relation to an update regarding the operations of the company.

Genetic Signatures (ASX:GSS) – pending an announcement about a capital raising.

APM Human Services (ASX:APM) – pending the release of an announcement regarding an update on the Non-Binding Acquisition Proposal received from Madison Dearborn Partners.

Greenstone Resources (ASX:GSR) – pending an announcement to the market in relation to the results of a Option Scheme Meeting and Share Scheme Meeting.

G11 Resources (ASX: G11) – pending an announcement in relation to material exploration results at the Wilandra Copper project.

Nanoveu (ASX:NVU) – pending an announcement regarding a capital raising.

IDT Australia (ASX:IDT) – pending an announcement in relation to a proposed capital raising.

Virdis Mining and Minerals (ASX:VNM) – pending an announcement regarding a maiden Mineral Resource Estimate.

Black Cat Syndicate (ASX:BC8) ) – pending the release of an announcement regarding a proposed capital raising.

Provaris Energy (ASX:PV1) – pending an announcement regarding the status of its contract with Prodtex AS, in relation to construction of the Company’s prototype tank.

RLF AgTech (ASX:RLF) – pending an announcement of a change in the company’s management.