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

Good morning everyone, and welcome to 2 July June, 2024 – an important day in the history of not understanding what the weather means.

That’s because it was on this day in 1505 that Martin Luther, the founder of modern Protestantism, got caught in a violent thunderstorm that scared him so badly, he decided to become a monk.

Luther was riding on horseback to university, when the storm broke above him – and a bolt of lightning struck the earth nearby.

The poor, timid chappy was so overcome with fear that he cried out “Help! Saint Anna, I will become a monk!”

When he failed to be struck by lightning and killed, he took it as a sign that he’d better live up to his hastily uttered promise, and off he went to monk school – enraging his father, who had poured considerable effort, and at least 30-40 pence, on Luther’s education to that point.

But, true to his word, Luther left university, became a monk and eventually went on to found the Protestant movement, which has been widely derided as a terrible idea by a lot of people who aren’t Protestants.

Luckily for you, you won’t need to found a new branch of religion in order to get your hands on the info you need today.

Nadine McGrath has put together a brilliant recap of what happened on the markets last month, and – as always – I’ve thrown together lots of fiddly little things below, so you don’t need to go ferreting all over the internet for your ASX info this morning.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,325.15 (-0.04%)

Silver: US$29.13 (-0.03%)

Nickel (3mth): US$16,956/t (+0.74%)

Copper (3mth): US$9,212/t (-0.47%)

Zinc: US$2,940/t (+0.07%)

Oil (WTI): US$82.16 (+0.78%)

Oil (Brent): US$85.65 (+0.76%)

Iron 62pc Fe: US$106.51/t (0.00%)

AUD/USD: 0.6669 (-0.04%)

Bitcoin: US$63,326.90 (+1.05%)

WHAT GOT YOU TALKING

What’s this? A niobium mine? In this part of the world? At this time of year? Localised entirely in WA1’s Luni project? … Can I see it?

The owner of what could be Australia’s first #niobium mine has unveiled an initial 200Mt resource, establishing the Luni deposit as a leading, global critical mineral discovery. | @WA1_Resources ( #ASX : $WA1 ) https://t.co/McSkx8wX4z

— Stockhead (@StockheadAU) July 1, 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
I88	Infini Resources Ltd	0.35	126%	5,996,381	$5,887,415
WLD	Wellard Limited	0.037	118%	2,426,620	$9,031,255
IEC	Intra Energy Corp	0.002	33%	750,000	$2,536,172
OAR	OAR Resources Ltd	0.002	33%	3,000,000	$4,833,150
TMG	Trigg Minerals Ltd	0.011	57%	7,802,435	$3,014,765
AXP	AXP Energy Ltd	0.0015	50%	3,317,008	$5,824,681
CLZ	Classic Minerals	0.0015	50%	10,706,473	$755,548
EDE	Eden Innovations	0.0015	0%	3,904	$5,517,407
LNU	Linius Tech Limited	0.0015	0%	780,307	$8,320,111
PUR	Pursuit Minerals	0.003	50%	13,606,626	$7,270,800
TKL	Traka Resources	0.0015	0%	728,849	$2,625,988
TX3	Trinex Minerals Ltd	0.003	50%	5,246,739	$3,657,305
SVG	Savannah Goldfields	0.019	46%	117,358	$3,654,104
LIN	Lindian Resources	0.1525	45%	9,148,836	$121,056,835
IMI	Infinity Mining	0.021	40%	144,851	$1,781,301
AAU	Antilles Gold Ltd	0.004	33%	2,001,959	$2,989,605
ALR	Altairminerals	0.004	33%	8,046,585	$12,889,733
ME1	Melodiol Global Health	0.004	33%	9,539,010	$582,276
RLC	Reedy Lagoon Corp	0.004	33%	250,000	$1,858,622
SHO	Sportshero Ltd	0.004	33%	977,775	$1,853,499
SRI	Sipa Resources Ltd	0.017	31%	1,315,063	$2,966,056
MVL	Marvel Gold Limited	0.009	29%	434,182	$6,046,535
CGR	CGN Resources	0.18	29%	374,922	$12,708,947
88E	88 Energy Ltd	0.0025	25%	31,767,650	$57,785,344

Yesterday’s Small Cap Winners included:

Infini Resources (ASX:I88) announced its maiden field sampling assay results at its 100% owned Portland Creek Uranium Project in Newfoundland, Canada, where the company says the results have exceeded laboratory testing limitations in 17 samples – meaning they are above 1.18% (11,792ppm) U3O8 – and have been sent for additional testing, with other high range samples close to the upper limit for testing of this type.

The company says that 52% of the samples tested have come back with readings above 1,000ppm U3O8, which sets the project up to be a potential record breaker.

Wellard (ASX:WLD) was surging early on news that the company has signed paperwork to offload one of its oldest livestock ships, the M/V Ocean Ute, for $12 million, the majority of which is set to be returned directly to shareholders in a manner that is yet to be determined by the company.

Lindian Resources (ASX:LIN) released news that its feasibility study for the company’s Kangankunde rare earths project has confirmed it as a “technically low risk and economically robust project”, boasting a Stage 1 post-tax Net Present Value of US$555M (A$831M), an IRR of 80% and an average annual EBITDA of US$84M1 (A$124.5M).

Antilles Gold (ASX:AAU) has advised that on 28 June, 2024, shareholders of the Cuban joint venture mining company, Minera La Victoria SA, formally adopted previously agreed modifications to the existing Joint Venture Agreement, paving the way for the companies to pursue a strategy to progressively evolve as a substantial mining company, with “minimal future contributions required from Antilles Gold”.

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	Company	Price	%	Volume	Market Cap
AMD	Arrow Minerals	0.002	-33%	3,062,729	$31,618,095
AVE	Avecho Biotech Ltd	0.002	-33%	751,902	$9,507,891
MTB	Mount Burgess Mining	0.001	-33%	28,572	$1,947,220
CUS	Copper Search	0.063	-31%	2,808,749	$10,217,972
MSI	Multistack International	0.005	-29%	67,116	$954,127
MRQ	MRG Metals Limited	0.003	-25%	9,597,712	$10,100,475
TMK	TMK Energy Limited	0.003	-25%	3,649,979	$27,646,448
HTG	Harvest Tech Group	0.015	-21%	2,030,755	$15,425,299
CMB	Cambium Bio Limited	0.004	-20%	20,531	$3,830,461
PNX	PNX Metals Limited	0.004	-20%	110,393	$29,851,074
ROG	Red Sky Energy	0.004	-20%	775,655	$27,111,136
VRC	Volt Resources Ltd	0.004	-20%	128,520	$20,793,391
TZN	Terramin Australia	0.026	-19%	8,030	$67,730,007
AGD	Austral Gold	0.018	-18%	94,546	$13,470,850
1MC	Morella Corporation	0.0025	-17%	209,076	$18,536,398
EVR	EV Resources Ltd	0.005	-17%	1,253,339	$7,927,629
LPD	Lepidico Ltd	0.0025	-17%	789,667	$25,767,358
TSL	Titanium Sands Ltd	0.005	-17%	1,791,806	$13,270,483
STX	Strike Energy Ltd	0.235	-16%	28,690,351	$801,016,520
NMR	Native Mineral Resources	0.021	-16%	154,668	$5,246,263
PSL	Paterson Resources	0.013	-13%	602,700	$6,840,568
LM8	Lunnon Metals	0.2	-13%	31,416	$50,103,975
STN	Saturn Metals	0.17	-13%	816,633	$43,680,483
ALM	Alma Metals Ltd	0.007	-13%	1,000,000	$11,543,031
GTI	Gratifii	0.007	-13%	261,005	$14,048,381

TRADING HALTS

BPM Minerals (ASX:BPM) – pending an announcement regarding a project acquisition.

Rimfire Pacific Mining (ASX:RIM) – pending an announcement by the Company to the market regarding a capital raising.

Cannindah Resources (ASX:CAE) – pending the release of an announcement to the market in relation to an upgrade of the Company’s Mt Cannindah Mineral Resource.

Recce Pharmaceuticals (ASX:RCE) – pending the release of an announcement relating to a proposed equity capital raising.

Island Pharmaceuticals (ASX:ILA) – in relation to a proposed material non-binding term sheet.

Beston Global Foods Company (ASX:BFC) – pending the release of a funding and milk supply update announcement.

Jindalee Lithium (ASX:JLL) – pending an announcement with regard to a proposed capital raising.

Tivan (ASX:TVN) – pending the release of an announcement by the Company of a proposed capital raising.