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

After a late afternoon drive into the black yesterday, it’s literally anyone’s guess where local markets will be heading today – but the one thing’s that certain is this: If you’re heading out into InvestorLand, you’re gonna want to know as much as you can about the latest from around the market.

To help you get your bearings this morning, Reubs and Josh are on hand to tag team their way through more of the gory details from the relentless activity at Diggers and Dealers in Kalgoorlie.

For the details of all the digits and data you’ll need to wrap your head around this morning, read on…

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,915.36 (-0.46%)

Silver: US$22.67 (-0.38%)

Nickel (3mth): US$20,500/t (-1.64%)

Copper (3mth): US$8404.50/t (+0.68%)

Oil (WTI): US$84.29 (+1.66%)

Oil (Brent): US$87.36 (+1.39%)

Iron 62pc Fe: US$104.70/t (+0.28%)

AUD/USD: 0.6531 (-0.05%)

Bitcoin: US$29,540 (-0.83%)

WHAT GOT YOU TALKING

Everyone’s craving the gossip from Diggers and Dealers today…

Things are coming to a head in Kalgoorlie at the Diggers and Dealers Mining Forum, and Josh Chait is there to help guide you to the finish line with some #awards tips. https://t.co/H3ZaCrHuWJ | #mining #diggersndealers @diggersndealers #investing #exploration #ASX

— Stockhead (@StockheadAU) August 9, 2023

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	Company	Price	%	Volume	Market Cap
DXN	DXN Limited	0.002	100%	250,000	$1,721,315
LNU	Linius Tech Limited	0.003	50%	1,850,002	$7,577,581
MTL	Mantle Minerals Ltd	0.0015	50%	4,810,483	$6,147,446
PEC	Perpetual Res Ltd	0.032	45%	45,007,286	$12,000,647
IR1	Irismetals	2.235	44%	7,684,015	$123,581,500
AXP	AXP Energy Ltd	0.002	33%	255,473	$8,737,021
CHK	Cohiba Min Ltd	0.004	33%	250,000	$6,639,733
ENV	Enova Mining Limited	0.008	33%	452,537	$2,345,576
MCT	Metalicity Limited	0.002	33%	500,000	$5,604,129
OPN	Oppenneg	0.008	33%	1,575,001	$6,700,078
TYM	Tymlez Group	0.004	33%	678,787	$3,714,586
FTL	Firetail Resources	0.125	30%	1,152,050	$9,240,000
PET	Phoslock Env Tec Ltd	0.028	27%	3,791,872	$13,736,591
AGR	Aguia Res Ltd	0.024	26%	190,000	$8,243,231
BMM	Balkanminingandmin	0.22	26%	72,061	$10,687,602
WC1	Westcobarmetals	0.1	25%	7,559,649	$6,910,699
CCO	The Calmer Co Int	0.005	25%	25,149,279	$2,968,477
LYN	Lycaonresources	0.345	23%	661,416	$10,897,250
ID8	Identitii Limited	0.019	23%	442,847	$3,298,397
SP3	Specturltd	0.029	21%	536,632	$5,418,837
AW1	Americanwestmetals	0.355	20%	27,820,125	$103,036,790
CT1	Constellation Tech	0.003	20%	241,989	$3,678,001
FAU	First Au Ltd	0.003	20%	23,752,988	$3,629,983
GTG	Genetic Technologies	0.003	20%	806,186	$28,854,145
TMX	Terrain Minerals	0.006	20%	12,000	$5,415,997

Yesterday’s Small Caps standouts were:

Perpetual Resources (ASX:PEC) finished well out in front, jumping 50% on news that the company has entered into an additional binding option agreement to acquire a further three highly prospective exploration permits, covering approximately 5,000ha in Brazil’s “Lithium Valley” region, within Brazil’s mining-friendly state of Minas Gerais.

On top of that, PEC also revealed that it’s received firm commitments from professional and sophisticated investors to raise $1.5 million (before costs) through a placement of shares at $0.022 per share.

In second place was IRIS Metals (ASX:IR1), coming out of a trading halt waving exploration results that have been welcomed by investors to the tune of a 47% pop.

Iris says it’s bitten into multiple wide, high-grade and shallow lithium intersections at its Beecher project in South Dakota, USA, with assays from the first six drillholes of a 38-hole RC program “confirming the potential for economic lithium”.

The intercepts include 60m @ 1.21% Li₂O (true width) from 16m in hole BDH-23-001, including 40m @ 1.40% Li₂O from 36m, and 22m @ 1.90% Li₂O from 46m.

And hole BDH-23-009 has returned 54m @ 1.30% Li₂O (true width) from 1m, including 35m @ 1.58% Li₂O from 4m, and 13m @ 2.10% Li₂O from 24m.

And in third place was Firetail Resources (ASX:FTL), up 30.2% on news that Valor Resources (ASX:VAL) has secured permission from the Peruvian Ministry of Energy and Mines to get the drills spinning at the Picha project in – obviously – Peru.

It’s important news for Firetail, as the company’s already signed a deal with Valor to buy the Picha project, finalised early last month.

The maiden drilling program at Picha is set to consist of 5,000m of diamond drilling, to initially test four key targets – Cobremani, Cumbre Coya, Maricate and Fundicion – under the permit that allows for up to 120 drillholes in this initial phase of exploration.

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
MEB	Medibio Limited	0.001	-33%	150,000	$7,725,891
YPB	YPB Group Ltd	0.003	-25%	39,109	$2,973,846
RNU	Renascor Res Ltd	0.135	-25%	43,205,702	$457,093,350
FRS	Forrestaniaresources	0.079	-25%	1,573,742	$9,777,853
TZL	TZ Limited	0.023	-23%	1,414,428	$7,702,743
PNR	Pantoro Limited	0.0545	-22%	73,071,420	$329,282,136
ADS	Adslot Ltd.	0.004	-20%	57,648	$16,333,088
EMU	EMU NL	0.002	-20%	712,500	$3,625,053
RGS	Regeneus Ltd	0.008	-20%	50,000	$3,064,369
ROG	Red Sky Energy.	0.004	-20%	1,094,310	$26,511,136
BME	Blackmountainenergy	0.021	-19%	101,000	$4,763,829
XAM	Xanadu Mines Ltd	0.093	-19%	11,162,857	$188,349,782
OAU	Ora Gold Limited	0.0065	-19%	13,071,083	$35,495,401
OXT	Orexploretechnologie	0.041	-18%	150,489	$5,183,210
BDG	Black Dragon Gold	0.032	-18%	426,207	$7,826,132
CI1	Credit Intelligence	0.165	-18%	2,133	$16,699,832
CF1	Complii Fintech Ltd	0.03	-17%	2,153,966	$19,862,752
CWX	Carawine Resources	0.125	-17%	2,562	$29,522,620
SCT	Scout Security Ltd	0.015	-17%	516,942	$4,152,024
CYQ	Cycliq Group Ltd	0.005	-17%	500,000	$2,085,100
IVX	Invion Ltd	0.005	-17%	1,170,371	$38,529,793
M4M	Macro Metals Limited	0.0025	-17%	830,842	$5,961,233
PUA	Peak Minerals Ltd	0.0025	-17%	3,821,128	$3,124,130
RML	Resolution Minerals	0.005	-17%	75,000	$7,543,751
ZNC	Zenith Minerals Ltd	0.071	-16%	859,259	$29,952,375