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…
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 |
TRADING HALTS
Respiri (ASX:RSH) – Placement of new shares over and above Respiri’s recently completed share purchase plan.
Green Critical Minerals (ASX:GCM) – Test results from the Mcintosh Graphite project.