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Rise and Shine: Everything you need to know before the ASX opens
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It’s Tuesday morning, the day after another slowdown for the ASX – but we’re one day closer to the weekend, so it’s time to get ready to face another session on the bourse.
For starters this morning, we’ve got Stockhead’s own resident expert on all things related to rocks, Guy le Page, with his latest news blast from the front lines of Australia’s mining industry.
Josh Chiat’s sniffed out even more lithium news from the best part of North America, plus Bevis Yeo’s been digging deep to see what’s on the cards for our goldies as well.
And, because too much data is never enough, here’s a recap of everything important from yesterday, to get you up to speed before the ASX doors fly open later today. Enjoy!
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,894.70 (+0.34%)
Silver: US$23.30 (+2.65%)
Nickel (3mth): US$20,140/t (+0.04%)
Copper (3mth): US$8,288/t (+0.58%)
Oil (WTI): US$80.69 (-0.69%)
Oil (Brent): US$83.00 (-2.12%)
Iron 62pc Fe: US$106.48/t (+0.36%)
AUD/USD: 0.6415 (+0.2%)
Bitcoin: US$26,194 (+0.10%)
WHAT GOT YOU TALKING
A solid day out among Health Care stocks was enough to get you all opening your mouths to say “Aaaaaaaah”…
>> 1st Group jumps 22pc after purchase order for its virtual healthcare system
>> Austco Healthcare wins a $2.6m contract in Singapore
>> Invex Therapeutic to shut down clinical trial immediately$1ST $AHC $ME1 $IXChttps://t.co/UeJ2WdQIR7
— Stockhead (@StockheadAU) August 21, 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 |
|---|---|---|---|---|---|
| NMR | Native Mineral Res | 0.04 | 60% | 2,140,991 | $3,674,122 |
| CCE | Carnegie Cln Energy | 0.0015 | 50% | 4,294,475 | $15,642,574 |
| CT1 | Constellation Tech | 0.003 | 50% | 283,667 | $2,942,401 |
| CHK | Cohiba Min Ltd | 0.004 | 33% | 574,997 | $6,639,733 |
| MTH | Mithril Resources | 0.002 | 33% | 51,962 | $5,053,207 |
| PIL | Peppermint Inv Ltd | 0.012 | 33% | 8,473,205 | $18,340,712 |
| WYX | Western Yilgarn NL | 0.185 | 32% | 436,977 | $6,952,051 |
| MYE | Metarock Group Ltd | 0.14 | 27% | 65,842 | $33,109,034 |
| SCL | Schrole Group Ltd | 0.25 | 25% | 200 | $7,133,517 |
| ROO | Roots Sustainable | 0.005 | 25% | 162,062 | $554,889 |
| 1ST | 1St Group Ltd | 0.011 | 22% | 19,216,277 | $12,752,921 |
| LDX | Lumos Diagnostics | 0.1 | 20% | 44,940,154 | $36,805,761 |
| PTX | Prescient Ltd | 0.071 | 18% | 1,366,146 | $48,316,188 |
| MBK | Metal Bank Ltd | 0.04 | 18% | 525,891 | $9,400,508 |
| FTL | Firetail Resources | 0.175 | 17% | 755,782 | $14,437,500 |
| SIO | Simonds Grp Ltd | 0.175 | 17% | 201,393 | $53,985,968 |
| SPZ | Smart Parking Ltd | 0.35 | 17% | 878,004 | $105,105,900 |
| ECT | Env Clean Tech Ltd. | 0.007 | 17% | 503,016 | $14,859,663 |
| MTB | Mount Burgess Mining | 0.0035 | 17% | 501,429 | $3,046,940 |
| WGR | Westerngoldresources | 0.046 | 15% | 1,902,153 | $3,709,916 |
| ASR | Asra Minerals Ltd | 0.008 | 14% | 66,870 | $10,082,710 |
| KPO | Kalina Power Limited | 0.008 | 14% | 177,041 | $10,606,371 |
| LSR | Lodestar Minerals | 0.008 | 14% | 3,600,834 | $13,008,781 |
| AT1 | Atomo Diagnostics | 0.034 | 13% | 19,599,512 | $19,176,069 |
| ENX | Enegex Limited | 0.026 | 13% | 150,000 | $8,485,068 |
Yesterday’s Small Caps standouts were:
Up well over 30% was the exploration minnow Western Gold Resources (ASX:WGR), after revealing it’s set to acquire a high-grade REE prospect and two high-grade graphite projects in Sweden.
WGR, which holds the Gold Duke Project in WA, is also taking a moment to throw its hat in the rare earths game, entering into a conditional agreement to acquire Euro Future Metals (EFM), a Swedish-Euro mob with the exploration permit applications over not en; not två; but tre (3) high-grade prospects in Sweden – the Holmtjarn REE, Loberget Graphite and Rullbo Graphite Projects.
The Holmtjarn REE project appears to host NYF (niobium, yttrium and REE, fluorine) pegmatites, with WGR noting that:
“A rock chip sample of greater than 3.45% (34,448ppm) Total Rare Earth Oxide (TREO) with a ratio of Magnetic Rare Earth Oxide (MREO) to TREO of 25% is recorded in historic sampling of pegmatites.”
“We believe Sweden’s REE and Graphite potential is still to be unlocked and that these projects can assist making Europe self-sufficient in battery minerals,” said WGR managing director Warren Thorne.
Our Robert Badman, also a rock chip off the old shoulder of pegmatite if ever there was one, says that WGR has a gaggle of mapped pegmatites which await testing for REE potential and that this will be the focus of an upcoming exploration campaign.
“As for the graphite prospects, they’re located in the northern Gävleborg County, which hosts Woxna – the only graphite mine in the European Union.”
“’Nearology’ vibes? Quite possibly,” Mnsr Badman said yesterday.
Also in the nearology business on Monday was Western Yilgarn (ASX:WYX) declaring go on exploration at its West Julimar project for the very first time.
The dig is within spitting distance of Chalice’s monster Gonneville nickel deposit, trending into the ground next door.
Emerging from the shell of Pacific Bauxite (ASX:PBX), Western Yilgarn listed on the ASX in 2022 with a portfolio of critical minerals assets in WA.
Most of PBX’s old bauxite projects were flicked off but one stood out; E705111, or Julimar West, just east of Perth in WA. After years of planning delays, WYX looks ready to go.
On the medtech front, 1ST Group (ASX:1ST) rose by more than 20% in early trade after its virtual care technology company, Visionflex, received an order with an initial value of $1.1m in upfront revenue.
The WA Primary Health Alliance (WAPHA) wants 1ST to deliver virtual healthcare across 75 Commonwealth-funded Residential Aged Care Facilities (RACF) across WA.
The initial purchase represents $1.1m in upfront revenue in H1FY24, of which $660k has been received.
Additional orders from WAPHA, for other RACFs in Western Australia, are expected to materialise within FY24, the company says.
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 |
|---|---|---|---|---|---|
| AYT | Austin Metals Ltd | 0.005 | -38% | 1,367,540 | $8,126,997 |
| DXN | DXN Limited | 0.001 | -33% | 994,500 | $2,581,972 |
| MTL | Mantle Minerals Ltd | 0.001 | -33% | 2,608,356 | $9,221,169 |
| ROG | Red Sky Energy. | 0.0035 | -30% | 6,206,573 | $26,511,136 |
| NXD | Nexted Group Limited | 0.855 | -29% | 5,368,185 | $265,652,128 |
| TD1 | Tali Digital Limited | 0.0015 | -25% | 13,085 | $6,590,311 |
| CXO | Core Lithium | 0.41 | -25% | 63,607,444 | $1,012,891,653 |
| EMP | Emperor Energy Ltd | 0.012 | -20% | 556,922 | $4,032,937 |
| ADS | Adslot Ltd. | 0.004 | -20% | 1,214,288 | $16,333,088 |
| BP8 | Bph Global Ltd | 0.002 | -20% | 106,504 | $3,336,824 |
| THR | Thor Energy PLC | 0.004 | -20% | 1,840,000 | $7,296,457 |
| WCN | White Cliff Min Ltd | 0.008 | -20% | 10,836,898 | $12,570,186 |
| KRR | King River Resources | 0.009 | -18% | 4,500 | $17,088,774 |
| KNG | Kingsland Minerals | 0.2 | -17% | 1,507,431 | $10,732,752 |
| NAE | New Age Exploration | 0.005 | -17% | 2,000,818 | $8,615,393 |
| NAG | Nagambie Resources | 0.032 | -16% | 62,526 | $22,105,600 |
| BVR | Bellavistaresources | 0.135 | -16% | 154,741 | $6,075,602 |
| RRR | Revolverresources | 0.15 | -14% | 65,283 | $20,361,093 |
| AHN | Athena Resources | 0.006 | -14% | 32,500 | $7,493,273 |
| CHK | Cohiba Min Ltd | 0.003 | -14% | 3,509,075 | $7,746,355 |
| CPT | Cipherpoint Limited | 0.006 | -14% | 99,084 | $8,114,692 |
| HOR | Horseshoe Metals Ltd | 0.012 | -14% | 23,567 | $9,008,701 |
| PRX | Prodigy Gold NL | 0.006 | -14% | 247,508 | $12,257,755 |
| RIE | Riedel Resources Ltd | 0.006 | -14% | 72,857 | $14,415,849 |
| SKN | Skin Elements Ltd | 0.006 | -14% | 1,514,123 | $3,986,403 |
TRADING HALTS
Azure Minerals (ASX:AZS): Regarding the finalisation of a capital raise
Firetail Resources (ASX:FTL): Regarding exploration results and a response to an ASX price query
4DS Memory (ASX:4DS): Whilst the company undertakes a review of new data regarding additional testing cycles to guarantee a comprehensive analysis of the Fourth Platform Lot. Err…shall we say, pending a trading update?
Parkway Corporate (ASX:PWN): Pending news of a potential capital raise
Centrex (ASX:CXM): Pending news of a capital raise
Rox Resources (ASX:RXL): Pending news of a capital raise
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