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Good morning everyone, and welcome to September 3, 2024 – an important date in the history of going really, really fast.

That’s because it was on this day in 1935 that Malcolm Campbell became the first human being to pilot a car at more than 300mph, piloting his “Bluebird” at ridiculously high speeds on the salt flats at Bonneville, USA.

The car was a marvel of engineering, and – for the revheads among us – sported a powerplant that put everything that ever existed before it to shame.

It was a 36.7-litre V12 Rolls Royce engine – just over 7 times the capacity of the largest production engine being shoehorned into today’s godawful Mustang muscle cars by Ford – capable of producing 2,300hp, which is more than 1691kW in the more modern units of measurement.

For reference, the current crop of V8 Supercars are good for about 600hp (441kW), but I daresay they would be able to turn corners in a much more efficient manner.

That final iteration of Malcolm Campbell’s Bluebird was officially clocked at 301.337 miles per hour (484.955 kph) which, if I’m doing my maths right, is fast enough to land Campbell in prison for about 900 years, according to NSW road rules.

Luckily for you, you won’t have to drive at utterly insane speeds in order to get your hands on good pre-market info today.

That’s because – as always – we’ve worked super-hard to gather 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$2,498.24 (-0.19%)

Silver: US$28.40 (-1.57%)

Nickel (3mth): US$16,766/t (-0.75%)

Copper (3mth): US$9,145/t (+0.12%)

Zinc: US$2,852/t (-1.55%)

Oil (WTI): US$72.96 (-0.80%)

Oil (Brent): US$76.25 (-0.88%)

Iron 62pc Fe: US$97.70/t (-3.30%)

AUD/USD: 0.6776 (+0.02%)

Bitcoin: US$$57,790.20 (+0.76%)

 

WHAT GOT YOU TALKING

Jess Cummins has turned her phenomenal talent on the world of copper – specifically, the South American part of it. Here’s what’s happening there, and what it means for Aussie copper companies.

 

 

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:

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Yesterday’s Small Cap Winners included:

Imugene (ASX:IMU) stock surged 25% on Monday morning following a major update on its Phase 1b trial of azer-cel, an allogeneic CAR T-cell therapy for diffuse large B-cell lymphoma (DLBCL). The trial showed promising results, with three patients achieving complete responses, and the addition of the cytokine IL-2 in Cohort B contributing to these outcomes. The company plans to continue enrolling patients and monitor response durability, aiming for a potential FDA Phase 2/3 trial. If successful, azer-cel could become the first approved allogeneic CAR T-cell therapy for blood cancer.

Conrad Asia Energy (ASX:CRD) was moving sharply on news it has signed a binding Gas Sales Agreement for the sale and purchase of the export portion of natural gas from the Mako gas field with Sembcorp Gas, a wholly owned subsidiary of Singapore-based Sembcorp Industries.

The contract term is until the end of the Duyung PSC in January 2037 and allows for the sale of around 76 billion British thermal units per day (Bbutd) equivalent to 76.9 million standard cubic feet per day (mmscfd), and contains provisions for the sale of up to an additional 35 Bbtud (around 35.4 mmscfd) should a tie-in pipeline not be built to the Indonesian domestic market in Batam.

Elsewhere, Marquee Resources (ASX:MQR) is the latest company with antimony news to announce, telling the market about its Mt Clement (Eastern Hills) project in the area from which Artemis Resources (ASX:ARV) has already revealed a maiden JORC complaint MRE of 13.2kt at 1.7% Sb (plus 18.7kt Pb, 7oz Au and 434 koz Ag) in 2013, building on exploration work in the 1990s by Taipan Resources.

That MRE only covers Artemis’ section of the identified mineralisation, and Marquee says that approximately 220m of known mineralisation from Taipan sits within Marquee Resources tenement E08/3214, and the structural trend extends for a further 800m onto Marquee ground, but the area has had “little to no exploration and thus remains open for the identification of further antimony bearing zones”.

RocketDNA (ASX:RKT) was higher on news that the company has signed two significant contracts for its xBot surveillance model (PatrolBot) with SSG Security Solutions, which involve the deployment of PatrolBot units across a number of mining sites for the monitoring and reporting of defined areas using drone or unmanned technology for the purpose of security overwatch and intelligence gathering.

Estrella Resources (ASX:ESR) was up on news that it has entered into a Subscription Agreement with a strategic investor to raise $350,000 at an issue price of $0.006 for each fully paid ordinary share, which represents a premium of 20% to the last closing price of $0.005 on August 28, 2024, with the finds earmarked to advance the company’s Timor-Leste Project.

Raiden Resources (ASX:RDN) was moving on news it has been granted a key E47/4062 tenement on the Andover South project, clearing the way for the company to continue its near-term drilling activity at the site.

Regener8 Resources (ASX:R8R) was moving on news that it has completed cultural heritage survey has been completed at priority locations of the Grasshopper and Hatlifter prospects by the Upurli Upurli Nguratja Aboriginal Corporation. Exploration planning is now underway including finalisation of drill hole locations and program extents, contractors and logistics, with drilling planned for Q4 2024.

And, niobium and REE anomalies have been detected at Rincon Resources (ASX:RCR)’s Avalon and Sheoak targets at its West Arunta project in WA. The West Arunta has a swarm of exploration of late, ever since WA1 Resources (ASX:WA1) exposed the region’s high-grade niobium with its 200Mt Luni deposit.

Thirteen RC holes and three DDH tails were drilled, encompassing 3,746 metres to test the four gravity anomaly targets – Avalon, Sheoak, K1, and K2 — outlined by ground gravity surveys earlier this year.

 

FRIDAY’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:

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TRADING HALTS 

Anagenics (ASX:AN1) – pending an announcement by the Company in relation to the outcome of a Strategic Review.

NT Minerals (ASX:NTM) – pending an announcement regarding a proposed transaction in relation to the Redbank Copper Project.

Asra Minerals (ASX:ASR) – pending the release of an announcement in relation to the sale of the Tarmoola Pastoral Lease.

Chariot Corporation (ASX:CC9) – pending an ASX announcement to update the announcement of Friday, 30 August 2024 titled Chariot & Mustang Lithium LLC Update to comply with ASX listing rule 5.1.

Kalamazoo Resources (ASX:KZR) – pending the release of an announcement in relation to a capital raising.

Lotus Resources (ASX:LOT) – pending an announcement regarding a material agreement involving offtake and funding.

Almonty Industries (ASX:AII) – pending the release of an announcement in relation to providing further clarifications in relation to the announcement lodged 29 August 2024 titled: Almonty to Lead Global Supply Chain Re-entry of Tungsten in South Korea.

MetalsTech (ASX:MTC) – to allow the company time to identify and appoint a director to the Board to ensure it has the requisite 3 directors as required under the Corporations Act 2001.

 

At Stockhead, we tell it like it is. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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