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Good morning everyone, and welcome to September 5, 2024 – an important date in the history of the Morrisonesque practice of giving yourself an important new job ‘because you felt like it, that’s why’.

That’s because it was on this day in 1550, that William Cecil named himself English minister of foreign affairs, after working for Queen Mary I and cementing his place in the Royal court by being rather good at Renaissance era politics.

Cecil would go on to serve Queen Elizabeth I for many years as her most trusted advisor, before being brilliantly spun out as major TV character Lord Melchett in Blackadder II, played by Stephen Fry.

Luckily for you, you won’t have unilaterally declare yourself to be a VIP 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$2,494.22 (+0.07%)

Silver: US$28.03 (-0.14%)

Nickel (3mth): US$16,281/t (-0.62%)

Copper (3mth): US$8,856/t (-2.22%)

Zinc: US$2,749/t (-0.62%)

Oil (WTI): US$69.90 (-0.49%)

Oil (Brent): US$73.36 (-0.46%)

Iron 62pc Fe: US$93.75/t (+0.14%)

AUD/USD: 0.6705 (-0.01%)

Bitcoin: US$$56,720.80 (-1.38%)

 

WHAT GOT YOU TALKING

Why is hydrogen developer Hyterra Guy Le Page’s most interesting stock this week? You’ll need to watch this to find out…

 

 

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
EMS Eastern Metals 0.032 52% 2,351,624 $2,387,201
IBG Ironbark Zinc Ltd 0.003 50% 544,716 $3,667,296
CYQ Cycliq Group Ltd 0.004 33% 130,000 $1,336,550
GTR Gti Energy Ltd 0.004 33% 1,649,099 $7,649,841
NES Nelson Resources. 0.004 33% 1,000,000 $1,840,783
ASO Aston Minerals Ltd 0.013 30% 1,379,881 $12,950,643
PR1 Pureresourceslimited 0.105 30% 154,474 $3,556,948
88E 88 Energy Ltd 0.003 25% 37,798,804 $57,867,624
BYH Bryah Resources Ltd 0.005 25% 200,000 $2,013,147
WML Woomera Mining Ltd 0.003 25% 615,110 $3,036,278
OZM Ozaurum Resources 0.043 23% 1,352,075 $5,556,250
AZI Altamin Limited 0.035 21% 60,000 $12,726,622
FHS Freehill Mining Ltd. 0.006 20% 20,000 $15,392,639
MOH Moho Resources 0.006 20% 4,532,425 $2,695,891
OEQ Orion Equities 0.175 17% 51 $2,347,384
SP8 Streamplay Studio 0.007 17% 732 $6,903,743
MHK Metalhawk. 0.087 16% 213,964 $7,550,250
EOF Ecofibre Limited 0.031 15% 47,794 $10,229,595
1AI Algorae Pharma 0.008 14% 4,285 $11,811,763
CTQ Careteq Limited 0.016 14% 1,072,152 $3,319,662
MRQ Mrg Metals Limited 0.004 14% 11,200 $9,490,315
WSR Westar Resources 0.008 14% 81,517 $2,791,074
Z2U Zoom2Utechnologies 0.088 14% 2,386 $14,921,516
ALM Alma Metals Ltd 0.009 13% 880,588 $11,593,650
HLX Helix Resources 0.005 13% 4,045,000 $13,056,775
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Yesterday’s Small Cap Winners included:

Augustus Minerals (ASX:AUG) was rising nicely on Wednesday morning, on news that the company has found a 1km-long stretch of mineralised zone associated with quartz veining, malachite (secondary copper carbonate mineral) and iron oxide after weathered sulphide minerals, 3.7km from its existing Claudius (6.6% Cu, 86ppm Ag) discovery at the Ti Tree project. Rock chip analysis from the new site has returned copper grades up to 3.1% and silver grade up to 11g/t, with the new find now bearing the name Nero.

Lithium Australia (ASX:LIT) was up on news that it has signed a new exclusive agreement with Chinese EV maker BYD Auto to provide battery recycling services for all New Energy vehicles end-of life batteries in Australia. The exclusive agreement has an initial term of three years, and the company expects to significantly increase large-format lithium-ion battery collection volumes, given the scale of BYD Auto as it expands into the Australian market.

Lachlan Star (ASX:LSA) was on the move in the latter part of the morning session, after it published its presentation for the Resources Rising Stars Gold Coast Investor Conference, which kicked off yesterday in Queensland. Lachlan CEO Andrew Tyrrell talked up the company’s Basin Creek Prospect, a near-surface high-grade copper drill target on the Gilmore Suture Zone, which has historical drilling results that include 21.3m at 4.51% Cu, incl. 9.2m at 1.23% Cu and 4.6m at 18.54% Cu.

Earlier, Marquee Resources (ASX:MQR) was up on news that a site in Italy it has options to acquire – the high-grade Sa Pedra Bianca Gold and Silver Project located in northern Sardinia, Italy – has returned antimony grades of up to 6.5% Sb from historical channel sampling and exploratory drilling. Work is being undertaken by an Italian private company recently incorporated to conduct the business activities associated with the project, with Marquee expecting to begin its own exploration in 3-6 months.

 

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
IEC Intra Energy Corp 0.001 -50% 15,001,000 $3,381,563
LSR Lodestar Minerals 0.001 -33% 7,789,000 $3,976,170
EDE Eden Inv Ltd 0.002 -25% 10,000 $8,216,419
POS Poseidon Nick Ltd 0.003 -25% 6,212,170 $16,727,902
SMM Somerset Minerals 0.003 -25% 300,000 $4,123,995
TMK TMK Energy Limited 0.003 -25% 10,493,280 $27,686,448
IMI Infinitymining 0.014 -22% 511,163 $2,137,561
FGH Foresta Group 0.004 -20% 7,791,451 $11,776,895
GCM Green Critical Min 0.002 -20% 250,000 $3,671,357
RFT Rectifier Technolog 0.008 -20% 416,990 $13,819,839
RML Resolution Minerals 0.002 -20% 12,785,707 $4,025,055
SKN Skin Elements Ltd 0.004 -20% 600,000 $2,947,430
CC9 Chariot Corporation 0.110 -19% 123,307 $12,099,761
SES Secos Group Ltd 0.018 -18% 38,213 $13,125,421
NXS Next Science Limited 0.200 -17% 216,488 $70,118,456
TON Triton Min Ltd 0.008 -17% 810,196 $14,115,499
AL8 Alderan Resource Ltd 0.003 -17% 500,000 $3,818,584
ODE Odessa Minerals Ltd 0.003 -17% 1,200,004 $3,129,848
PUR Pursuit Minerals 0.003 -17% 309,268 $10,906,200
ROG Red Sky Energy. 0.005 -17% 758,888 $32,533,363
T3D 333D Limited 0.005 -17% 201,500 $716,670
VR1 Vection Technologies 0.010 -17% 12,799,248 $13,519,068
XPN Xpon Technologies 0.010 -17% 397,416 $4,349,298
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TRADING HALTS 

Gratifii (ASX:GTI) – pending the release of an announcement in respect of a material acquisition and a pending accelerated entitlement offer.

Lumos Diagnostics (ASX:LDX) – pending an announcement in relation to a capital raising in the form of a pro-rata accelerated non-renounceable entitlement offer.

Prominence Energy (ASX:PRM) – pending an announcement with regards to a proposed capital raising.

Nexus Minerals (ASX:NXM) – pending an announcement to the market regarding a capital raising to sophisticated and professional investors.

Golden Deeps (ASX:GED) –  pending an announcement to the market in relation to a capital raising.

 

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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