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

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Good morning everyone, and welcome to Tuesday, September 17, 2024 – an important date in the history of me being deliberately obtuse in my misunderstanding of certain events.

That’s because it was on this day in 1156 that Emperor Frederick I Barbarossa issued the ‘Privilegium Minus’ decree, which elevated Austria to a duchy – presumably so that it might be passed on the left hand side.

Luckily for you, you won’t have to misinterpret unintelligible 80’s era reggae lyrics 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$2,580.56 (+0.08%)

Silver: US$30.73 (+0.11%)

Nickel (3mth): US$16,246/t (+1.89%)

Copper (3mth): US$9,080/t (-0.39%)

Zinc: US$2,945/t (+1.34%)

Oil (WTI): US$69.78 (+1.65%)

Oil (Brent): US$72.47 (+1.25%)

Iron 62pc Fe: US$91.75/t (-1.13%)

AUD/USD: 0.6738 (+0.02%)

Bitcoin: US$57,803.20 (-2.12%)

WHAT GOT YOU TALKING

Tim Boreham’s a breath of fresh air at Stockhead – here’s his latest Alive and Kicking column, about Aussie med-tech company Respiri (ASX:RSH).

Respiri promises a breath of life to its bottom line after inking a US distribution deal.

Tim Boreham inhales, and breathes out, the latest daily biotech info in Alive and Kicking > https://t.co/FGP42Ellex

— Stockhead (@StockheadAU) September 16, 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
CNJ	Conico Ltd	0.002	100%	8,917	$2,201,528
BLZ	Blaze Minerals Ltd	0.005	67%	722,459	$1,885,675
FAU	First Au Ltd	0.002	50%	3,750,000	$2,717,990
IEC	Intra Energy Corp	0.002	50%	131,543	$1,690,782
LPD	Lepidico Ltd	0.003	50%	3,893,879	$17,178,250
MHC	Manhattan Corp Ltd	0.002	50%	305,000	$3,092,533
MTH	Mithril Silver Gold	0.185	48%	3,045,702	$12,884,528
OZM	Ozaurum Resources	0.048	37%	545,570	$5,556,250
CDE	Codeifai Limited	0.002	33%	300,000	$3,961,942
IBG	Ironbark Zinc Ltd	0.004	33%	48,928,646	$5,500,943
MTL	Mantle Minerals Ltd	0.002	33%	505,502	$9,296,169
RLG	Roolife Group Ltd	0.004	33%	400,000	$2,382,439
WNR	Wingara Ag Ltd	0.008	33%	101,299	$1,053,255
LYN	Lycaonresources	0.305	27%	1,398,693	$12,716,358
FME	Future Metals NL	0.019	27%	1,480,206	$8,625,607
BUY	Bounty Oil & Gas NL	0.005	25%	3,152,219	$6,743,254
FGH	Foresta Group	0.005	25%	5,799,867	$9,421,516
IXU	Ixup Limited	0.020	25%	872,204	$24,764,041
JAV	Javelin Minerals Ltd	0.003	25%	700,000	$10,692,115
ODE	Odessa Minerals Ltd	0.003	25%	50,000	$2,608,206
SFG	Seafarms Group Ltd	0.003	25%	20,000	$12,091,498
TX3	Trinex Minerals Ltd	0.003	25%	500,000	$3,657,305
VML	Vital Metals Limited	0.003	25%	7,131,844	$14,737,667
AAP	Australian Agri Ltd	0.031	24%	101,525	$9,215,093
PEB	Pacific Edge	0.100	23%	140,259	$65,765,194

Yesterday’s Small Cap Winners included:

Lepidico (ASX:LPD) was climbing on Monday morning, thanks to an announcement from the UK Secretary of State for Housing Communities and Local Government, that the Trelavour Hard Rock Project in Cornwall, which will employ Lepidico’s proprietary hydrometallurgical lithium processing technologies under licence, has been designated as a Nationally Significant Infrastructure Project.

In an exclusive deal, Vanadium Resources (ASX:VR8) has partnered with China Energy International Group (CEIG) for the engineering, construction and financing of its 76.8Mt at 0.72% vanadium Steelpoortdrift project in South Africa which includes a solar plant and other services. A partly-binding MoU, VR8 says, will pave the way for additional value-add opportunities in the energy sector as the ASX junior runs towards a financial investment decision for the project in Q3 next year.

Meanwhile, Australian Vanadium (ASX:AVL) has announced the successful deployment of its vanadium electrolyte tech in a vanadium flow battery (VFB sans the redox) for WA electricity retailer Horizon Power. A 220-kilowatt-hour VFB that can produce up to 78kW of power is being installed at Horizon’s Kununurra site for acceptance testing in energy storage.

Also on the vanadium train, Neometals (ASX:NMT) has scored a big win after its 88%-owned European subsidiary Recycling Industries Scandinavia (RISAB) executed an agreement with EU co-funded EIT RawMaterials to support the development of its VRP1 vanadium recovery project in Finland. EIT RawMaterials will provide $829,000 in grant funding to progress project financing and will become a minority shareholder in RISAB. It’ll also have the option to subscribe for up to a further €10m in RISAB equity at the pre-money valuation of €50m.

Mithril Silver and Gold (ASX:MTH) was rising on news that the company has completed a LiDAR survey over its entire 70km2 of mining concessions that cover the Copalquin gold-silver district in Durango State, Mexico, revealing a network of historical workings – including mine tunnels and prospecting pits across the site. Exploration at the site is continuing, and sampling from completed holes have been sent for assaying, with that batch of results expected soon.

Ironbark Zinc (ASX:IBG) got a speeding ticket from the ASX, and the company’s response hadn’t cleared embargo as of the time of writing.

RooLife Group (ASX:RLG) was rising on news that it has signed an agreement for the production and supply of health and wellness products, manufactured in Australia by Careline Australia, including including its most popular skincare range “featuring products with patented technology including plant and animal stem cell technology, antioxidant blends and natural essential oils”.

Future Metals (ASX:FME) got a boost from news that heritage clearance surveys have been completed across the Alice Downs Corridor and Panton North tenures. The completion of these surveys “marks a key step forward in advancing the exploration strategy within the Alice Downs Corridor” the company says.

Similarly, Lycaon Resources (ASX:LYN) was up on news that a heritage clearance survey over its high-priority Stansmore Nb-REE/IOCG target has been received, paving the way for the company’s first ever drill campaign in theWest Arunta region.

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
BP8	Bph Global Ltd	0.002	-33%	130,313	$1,189,924
CT1	Constellation Tech	0.001	-33%	1,749,109	$2,212,101
ICU	Investor Centre Ltd	0.004	-33%	137,334	$1,827,068
SI6	SI6 Metals Limited	0.001	-33%	1,692,751	$3,553,289
TKL	Traka Resources	0.001	-33%	8,747,444	$2,918,488
NRZ	Neurizer Ltd	0.003	-25%	4,875,000	$8,724,477
OAR	OAR Resources Ltd	0.002	-25%	453,729	$6,601,669
POS	Poseidon Nick Ltd	0.003	-25%	3,544,148	$16,727,902
TIG	Tigers Realm Coal	0.003	-25%	24,000	$52,266,809
AAU	Antilles Gold Ltd	0.004	-20%	13,789,052	$7,307,139
EFE	Eastern Resources	0.004	-20%	1,137,270	$6,209,732
EXL	Elixinol Wellness	0.004	-20%	103,088	$6,605,912
MOM	Moab Minerals Ltd	0.004	-20%	3,178,740	$3,969,071
TSL	Titanium Sands Ltd	0.004	-20%	296,941	$11,058,736
GNM	Great Northern	0.013	-19%	498,613	$2,474,065
IBX	Imagion Biosys Ltd	0.023	-18%	50,530	$998,103
OPL	Opyl Limited	0.014	-18%	10,000	$2,902,149
M24	Mamba Exploration	0.015	-17%	330,663	$3,385,481
BGE	Bridgesaaslimited	0.010	-17%	225,000	$1,472,765
PUR	Pursuit Minerals	0.003	-17%	824,681	$10,906,200
WHK	Whitehawk Limited	0.011	-15%	323,743	$6,345,464
OEQ	Orion Equities	0.150	-14%	6,000	$2,738,615

TRADING HALTS

Actinogen Medical (ASX:ACW) – pending an announcement regarding a capital raising and share purchase plan.

BPM Minerals (ASX:BPM) – pending an announcement regarding drill results from the Claw Gold Project.

Petratherm (ASX:PTR) – pending an announcement regarding capital raising initiatives.

Spacetalk (ASX:SPA) – pending an announcement in connection with a placement and accelerated offer.

Bowen Coking Coal (ASX:BCB) – pending an announcement concerning a potential debt and equity financing event.

Beacon Minerals (ASX:BCN) – pending an announcement of a proposed capital raising.

Sun Silver (ASX:SS1) – pending an announcement to the market in relation to the outcome of a capital raising.

Titan Minerals (ASX:TTM) – pending the release of an announcement in relation to a joint venture transaction.

Future Battery Minerals (ASX:FBM) – pending the release of an announcement in relation to the Nepean Nickel Project Sale.

Altair Minerals (ASX:ALR) – pending an announcement by the Company to the market in relation to exploration results from the Wee MacGregor Copper Gold Project.

Bindi Metals (ASX:BIM) – pending the release of an announcement regarding an acquisition and capital raising.

Redcastle Resources (ASX:RC1) – pending an announcement in relation to a capital raising.

Winsome Resources (ASX:WR1) – pending the release of an announcement disclosing the details of a Scoping Study.

Western Mines Group (ASX:WMG) – pending an announcement on significant assay results.

Asara Resources (ASX:AS1) – pending the release of an announcement regarding a placement.

Auckland International Airport (ASX:AIA) – pending an announcement regarding a placement.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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