Top o’ the morning to you all, and welcome to the middle of the week, which is traditionally a time for calling in sick when you’re not actually crook, because you fancy a day off but don’t want it to look like you’re gunning for a cheeky, undeserved long weekend.

Not that I would advocate ripping off the company you work for because it’s, like, the final day of Destiny 2’s Season of the Deep and there’s an exotic catalyst mission that you have to complete or you’ll never, ever get the chance to do it again – but it’s a super-hard solo mission so it’s likely to take, like, 5-6 hours to complete… because that would be irresponsible.

On a completely unrelated matter, I might not be in later today because of… reasons.

For those of you who have a conscience, there’s a bunch of great content to wade through this morning before the bell rings, including Josh Chiat’s weekly deep dive into the Exciting World of Commodities.

Eddy Sunarto’s got some expert advice on the ASX stocks that could be winners as the AUD loses.

Nadine McGrath’s searching for the next Neuren, and Rob “I’m Badnam” Badman sits down with the MD of Red Metal (ASX:RDM) to find out what it is that makes the company’s REE find (actually and literally) unique.

And, as always, to get your motor running, you’ll find all the digits and data your brain has been craving since late last night, bewlow, for which you are welcome.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,896.01 (+0.11%)

Silver: US$23.40 (+0.22%)

Nickel (3mth): US$20,600/t (+2.39%)

Copper (3mth): US$8,361/t (+1.05%)

Oil (WTI): US$79.55  (-0.71%)

Oil (Brent): US$83.77 (-0.82%)

Iron 62pc Fe: US$106.77/t (+0.27%)

AUD/USD: 0.6422  (-0.2%)

Bitcoin: US$25,673 (-1.97%)

 

WHAT GOT YOU TALKING

It seems everyone’s yearning for earnings this week, which is lucky because there’s been a tonne of ‘em…

 

 

YESTERDAY’S ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks:

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Yesterday’s Small Caps standouts were:

Punchy explorer Western Yilgarn (ASX:WYX) was up near almost 25% after identifying ‘multiple targets’ for drilling at its Bulga mining project in WA.

WYX is  on the go for a gaggle of minerals, including nickel, copper, gold and, yep, some lithium, too.

Stockhead’s assistant minister for resources, Robert Badman says the Bulga project is situated in what appears to be a potentially advantageous position, near two Tier 1, world-class nickel projects operated by BHP (ASX:BHP) – the Leinster and Mt Keith operations – as well as several 2Moz+ gold operations including the renowned Agnew, Lawlers and Bellevue mining projects.

It’s is also about 60km north of Delta Lithium’s (ASX:DLI) Mt Ida Lithium Project and  roughly 90km south of Liontown Resources’ (ASX:LTR) huge Kathleen Valley Lithium Project. A good spot to be in.

Red Metal (ASX:RDM) just kept rising early on Tuesday, with excitement still-fresh regarding the company’s potential world-first rare earths discovery at its Sybella project in northwest Queensland.

The discovery follows assay results from proof-of-concept drilling regarding 19 percussion holes (for 2,280m) across a large tranche of granite, which suggest high-quality grades inside some substantial width.

RDM describes the find as full of the EV-worthy REEs like neodymium and praseodymium (NdPr) as well as yttrium (Y) and dysprosium (Dy), and best of all, MD Rob Rutherford says its all near-surface REO mineralisation.

Rutherford told Stockhead on Monday the find shows scope for “vast tonnages of weak-acid soluble rare-earth oxide (REO) mineralisation hosted in low-acid consuming granite rock”.

Also on the up in the mining space was Nimy Resources  (ASX:NIM) which bagged itself $2.5 million from a major, cornerstone investment from New York-based Lind Partners, in order to get cracking on its nickel and lithium drilling programs at the Mons project, northeast of Perth, WA.

NIM surged in June after the company intersected lithium-rich pegmatite rocks in eight holes, over 1.3km of strike, at the South Lake and Royale prospects within the Mons project.

The investment is a staged placement over a maximum 24-month period, with the price fixed at $0.208 cents in the first four months then at either the fixed price or a calculated VWAP subscription price.

 

YESTERDAY’S ASX SMALL CAP LAGGARDS

Here are the worst performing ASX small cap stocks:

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TRADING HALTS

Panterra (ASX:PFT): Pending news of a capital raise

Spacetalk (ASX:SPA): Pending news of a capital raise

Balkan Mining and Minerals (ASX:BMM): Regarding a potential capital raise

Battery Age Minerals (ASX:BM8): Pending news of a capital raise

Aldoro Resources (ASX:ARN): Pending an announcement in relation to analysis of drill results for diamond hole 32 (NDD0032)

AVADA Group (ASX:AVD): Pending an announcement in relation to a proposed transaction and a capital raising involving an institutional placement

Grand Gulf Energy (ASX:GGE): Pending news of a capital raise

QMines (ASX:QML): Pending news of a proposed equity raise to be conducted by by way of a placement

Ecofibre (ASX:EOF): Pending news of a capital raise

 

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