Pic: Getty Images
Rise and Shine: Everything you need to know before the ASX opens
News
share
Good morning everyone, and welcome to Wednesday, October 2, 2024 – an important date in the history of being a decent leader.
That’s because it was on this day in 959 that Edgar the Peaceful became King of All England, ushering in a period of quiet stability in an era well known for its short lives, filth and brutality.
Edgar took the throne upon the death of his brother Eadwig, who was an interesting character, notable for his ongoing spat with a fella called Dunstan, who was the powerful Abbot of Glastonbury and played host to the first three-day, multi-stage music festival in the region.
Eadwig eventually banished Dunstan to Flanders for being a pain in the bum, which no doubt added to his issues with the church. Shortly after that happened, the Archbishop of Canterbury – a guy called Oda – annulled the marriage of Eadwig and his wife Ælfgifu, because they were too closely related by blood, even for a royal family of England, which is really saying something.
Luckily for you, you won’t actually have to marry your cousin 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$2,650.40/oz (+0.59%)
Silver: US$31.44/oz (+0.98%)
Nickel (3mth): US$17,645/t (+0.78%)
Copper (3mth): US$9,963/t (+1.36%)
Zinc: US$3,075/t (+0.98%)
Oil (WTI): US$67.67/bbl (-0.73%)
Oil (Brent): US$70.99/bbl (-0.99%)
AUD/USD: 0.6906 (-0.09%)
Bitcoin: US$63,565.50 (-0.68%)
WHAT GOT YOU TALKING
Stockhead’s Sarah Hughan sat down with Lithium Universe CEO Alex Hanly to discuss the PFS released on the company’s planned lithium carbonate refinery plant in Quebec.
Stockhead’s Sarah Hughan sits down with Lithium Universe CEO Alex Hanly to discuss the PFS released on the company’s planned #lithium carbonate refinery plant in Quebec.https://t.co/GxyoNqNssU #ASX $LU7 @LithiumUniverse
— Stockhead (@StockheadAU) September 30, 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 |
|---|---|---|---|---|---|
| WEL | Winchester Energy | 0.002 | 100% | 279,662 | $1,363,019 |
| NYR | Nyrada Inc. | 0.115 | 77% | 10,628,549 | $11,843,565 |
| CCZ | Castillo Copper Ltd | 0.006 | 50% | 3,015,396 | $5,198,021 |
| IBG | Ironbark Zinc Ltd | 0.003 | 50% | 452,378 | $3,667,296 |
| WML | Woomera Mining Ltd | 0.003 | 50% | 2,157,448 | $3,250,278 |
| RGT | Argent Biopharma Ltd | 0.510 | 46% | 92,239 | $16,941,961 |
| LM8 | Lunnonmetalslimited | 0.225 | 36% | 3,406,184 | $36,377,343 |
| WNR | Wingara Ag Ltd | 0.008 | 33% | 268,969 | $1,053,255 |
| IBX | Imagion Biosys Ltd | 0.053 | 33% | 1,814,745 | $1,425,862 |
| ATC | Altech Batt Ltd | 0.050 | 32% | 9,443,776 | $71,587,842 |
| AR3 | Austrare | 0.150 | 25% | 1,497,884 | $18,955,649 |
| ADD | Adavale Resource Ltd | 0.003 | 25% | 50,000 | $2,447,531 |
| CR9 | Corellares | 0.010 | 25% | 275,530 | $3,720,739 |
| GGE | Grand Gulf Energy | 0.005 | 25% | 400,197 | $9,801,549 |
| OVT | Ovanti Limited | 0.005 | 25% | 5,657,592 | $6,225,393 |
| PV1 | Provaris Energy Ltd | 0.020 | 25% | 454,674 | $10,095,477 |
| SIG | Sigma Health Ltd | 1.775 | 23% | 15,126,239 | $2,349,887,234 |
| IMI | Infinitymining | 0.043 | 23% | 275,000 | $4,751,045 |
| SES | Secos Group Ltd | 0.022 | 22% | 613,170 | $10,738,980 |
| ZMM | Zimi Ltd | 0.011 | 22% | 171,025 | $1,139,982 |
| REC | Rechargemetals | 0.034 | 21% | 440,821 | $3,911,319 |
| TOE | Toro Energy Limited | 0.285 | 21% | 4,464,874 | $28,266,234 |
| DOU | Douugh Limited | 0.006 | 20% | 1,000,000 | $5,410,345 |
Yesterday’s Small Cap Winners included:
Lunnon Metals (ASX:LM8) has revealed that it has identified a new gold zone from surface at its Kambalda gold and nickel project, with fresh significant, near surface, high-grade intercepts from the current diamond drill and in-fill reverse circulation program returning 23m at 16.61g/t Au from surface including 6m at 62.47g/t Au from 17m in hole FOS24RC_056, and 13m at 4.10g/t Au from 3m in hole FOS24RC_023.
5E Advanced Materials (ASX:5EA) was rising on news that it has received a non-binding letter of interest from the Export-Import Bank of the United States (EXIM), expressing potential for the creation of a debt facility to backstop project debt financing of up to $285 million, which would be utilised for commercial scale development and construction of 5E’s Boron Americas Complex, under the Make More in America Initiative.
Provaris Energy (ASX:PV1) was up on news that it has entered into a binding Joint Development Agreement with Yinson Production to develop storage tank solutions for the bulk storage and marine transportation of carbon dioxide. The Collaboration will also assess the potential for other hydrogen derivatives such as ammonia, combining the track records of both companies in that area of engineering solutions.
Altech Batteries (ASX:ATC) has announced that its first CERENERGY ABS60 battery prototype is online and operating successfully, with the unit “passing all physical tests with flying colours”. Altech reports that the prototype was installed at its joint venture partner Fraunhofer IKTS’ test lab in Germany, integrated into a specially designed battery test station that enables continuous daily charging and discharging cycles to assess the battery’s efficiency, stability, and overall performance under real-world conditions.
Exploration at Perpetual Resources’ (ASX:PEC) Isabella Lithium Project has confirmed several spodumene-bearing pegmatite trends stretching up to 800 metres, supported by new artisanal workings. Multiple spodumene occurrences have been found, with lab results pending. Before the project was acquired, rock samples showed high lithium grades of up to 5.62%. The Isabella site is close to two established spodumene projects: Atlas Lithium’s Das Neves Project, which is building a lithium processing plant, and Sigma Lithium’s advanced Sao Jose Project. Perpetual expects to share preliminary rock chip results in the next three weeks.
Earlier, NickelSearch (ASX:NIS) was up on news that it has commenced reconnaissance work at the recently acquired Mt Isa North project, with geologists onsite prepping for the company’s maiden drilling campaign. Rock chip and grab samples collected and assayed during the due diligence site visit returned copper, gold and silver grades including 24.8% Cu & 1.23g/t Au, and 30.0% Cu & 64.7g/t Ag from different areas of the project.
Copper explorer Golden Mile Resources (ASX:G88) caught a wave this morning after loading the finding of up to 930g/t silver, 10.05% copper and 8.09% zinc in rock chip assays during first pass sampling at the Odyssey prospect within its Pearl project in Arizona.
The project was acquired in August this year after the company entered a joint venture acquisition with Outcrop Silver and Gold Corporation.
It lies within the world-class Laramide porphyry copper zone, which is in the prolific Southwestern North American porphyry copper province – an area that accounted for around 70% of total USA copper production in 2023.
Lung imager 4D Medical (ASX:4DX) expects first revenue from its long-awaited US distribution deal with Philips to start flowing this calendar year, with one analyst estimating an initial US$300 million US “revenue opportunity” across 12 million scans annually.
In a presentation this morning, the company cited a global lung imaging market of US$30 billion per annum, but it’s targeting the US veterans’ market via its Philips tie-up. Announced last Friday, the deal confers the medical device giant with exclusive five-year distribution rights to US government contracts and non-exclusive dibs on other scans. Philips takes a 20-35% cut on sales, with undisclosed minimum sales to maintain exclusivity.
In other action, commodities trader Louis Dreyfus has scooped up a 47% stake in Namoi Cotton (ASX:NAM) and raised its offer to 68¢, causing shares to jump 8.5% before trading was halted.
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 |
|---|---|---|---|---|---|
| CNJ | Conico Ltd | 0.001 | -50% | 85,425,776 | $4,403,055 |
| FHE | Frontier Energy Ltd | 0.118 | -47% | 13,918,161 | $113,034,561 |
| CDE | Codeifai Limited | 0.001 | -33% | 37,000,000 | $3,961,942 |
| VML | Vital Metals Limited | 0.002 | -33% | 93,172 | $17,685,201 |
| LNR | Lanthanein Resources | 0.003 | -25% | 1,611,109 | $9,774,545 |
| NTM | Nt Minerals Limited | 0.003 | -25% | 24,392 | $4,069,612 |
| RNE | Renu Energy Ltd | 0.002 | -25% | 2,590,918 | $1,608,268 |
| TTI | Traffic Technologies | 0.003 | -25% | 2,683,334 | $3,891,541 |
| TAT | Tartana Minerals Ltd | 0.030 | -23% | 84,696 | $7,123,190 |
| NSM | Northstaw | 0.014 | -22% | 40,000 | $2,893,964 |
| AKN | Auking Mining Ltd | 0.004 | -20% | 1,000,000 | $1,762,851 |
| CTO | Citigold Corp Ltd | 0.004 | -20% | 1,836,911 | $15,000,000 |
| TYX | Tyranna Res Ltd | 0.004 | -20% | 250,000 | $16,439,627 |
| VRX | VRX Silica Ltd | 0.034 | -19% | 543,159 | $26,386,738 |
| SRR | Saramaresourcesltd | 0.028 | -18% | 2,233,187 | $5,671,953 |
| CAN | Cann Group Ltd | 0.079 | -17% | 6,863,969 | $44,523,316 |
| AHN | Athena Resources | 0.005 | -17% | 162,978 | $6,422,805 |
| DMG | Dragon Mountain Gold | 0.005 | -17% | 94,384 | $2,368,030 |
| ICE | Icetana Limited | 0.020 | -17% | 197,672 | $6,351,082 |
| ICU | Investor Centre Ltd | 0.005 | -17% | 77,122 | $1,827,068 |
| LPD | Lepidico Ltd | 0.003 | -17% | 318,223 | $25,767,375 |
| NAE | New Age Exploration | 0.005 | -17% | 27,477,642 | $10,763,393 |
TRADING HALTS
Nyrada (ASX:NYR) – pending an announcement regarding study results of a new indication outside of current programs.
Elixinol Wellness (ASX:EXL) – pending the release of an announcement about a potential capital raising and acquisition.
Octava Minerals (ASX:OCT) – pending the release of an announcement regarding a proposed capital raising.
Genmin (ASX:GEN) – pending the release of an announcement relating to a capital raising.
Island Pharmaceuticals (ASX:ILA) – pending an announcement in relation to a proposed capital raise.
Zeta Resources (ASX:ZER) – pending an announcement in relation to an investment sale transaction.
American West Metals (ASX:AW1) – for the purpose of considering, planning and executing a capital raising.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
