On Stockhead today, how to spot a winning lithium stock, the search for the next Cochlear, and why money managers are still bullish on healthcare.

But first, the day ahead.




Raised: $15m at 20c per share

Listing: 10:30am AEST

The Red Metals (ASX:RDM) spinout is focused on its namesake lead-silver-copper-gold project in Queensland, which has an existing 2 million tonne lead, 105Moz silver, 170,000t copper and 300,00oz gold resource.

It is in the mineral-rich Carpentaria Province, which hosts multiple Tier 1 lead-zinc-silver mines like Mount Isa, George Fisher, Century, Cannington, Dugald River and significant copper deposits including Mount Isa, Ernest Henry, Osborne, and Eloise.

MMA plans to drill for additional shallow, copper-gold and lead-silver mineralisation as well as the potentially larger, higher-grade copper-gold and lead-zinc-silver extensions at depth.



The following companies are in trading halts and are expected out in the coming days:

Green Technology Metals Limited (ASX:GT1) – strategic cornerstone investment and associated equity capital raising

Talon Energy Ltd (ASX:TPD) — capital raising

Oncosil Medical Ltd (ASX:OSL) – capital raising

Respiri Limited (ASX:RSH) – capital raising

Elanor Commercial Property Fund (ASX:ECF) – capital raising

DC Two Limited (ASX:DC2) – capital raise and board changes

Black Canyon Limited (ASX:BCA) – capital raising

Suvo Strategic Minerals Limited (ASX:SUV) – Metakaolin testing results

Linius Technologies Limited (ASX:LNU) – capital raising


MARKETS (updated at 8am AEDT)

Gold: $US1,925.05 (-0.73%)

Silver: $US23.61 (-2.15%)

Nickel (3mth): $US32,340/t (-2.32%)

Copper (3mth): $US9,881/t (-2.24%)

Oil (WTI): $US97.7 (-4.3%)

Oil (Brent): $US102.2 (-4.14%)

Aust Coking Coal (steelmaking): $406.7/t (-9.6%)

Newcastle Coal (thermal): $264/t (+2.0%)

Iron 62pc Fe: $US145.50 (-0.68%)

AUD/USD: $US0.7151 (-1.19%)

Bitcoin: $US38,506 (-2.44%)


This more than doubles the $US2,350/t fetched in Pilbara Minerals’ (ASX:PLS) previous lithium auction. World record.

“Margins sit with the miners & will continue to do so.”


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Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.



(Stocks highlighted in yellow rose after making announcements during the trading day).

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Code Description Price % Volume
T3D 333D Limited 0.003 50% 5,594,879
PCL Pancontinental Energy 0.01 43% 160,820,876
LV1 Live Verdure Ltd 0.31 35% 317,025
ANL Amani Gold Ltd 0.002 33% 55,261,187
BAS Bass Oil Ltd 0.002 33% 199,951
BMG BMG Resources Ltd 0.057 33% 16,962,860
HCD Hydrocarbon Dynamic 0.017 31% 5,326,118
AFW Applyflow Limited 0.0025 25% 1,844,000
ARE Argonaut Resources 0.005 25% 5,000,604
LPM Lithium Plus 0.87 24% 4,363,005
INV Investsmart Group 0.33 18% 37,249
IAM Income Asset Management 0.2 18% 402,276
DDD 3D Resources Limited 0.0035 17% 9,885,997
RAB Adrabbit Limited 0.028 17% 1,534,725
SIH Sihayo Gold Limited 0.0035 17% 100,000
SRN Surefire Rescs NL 0.036 16% 120,133,929
EZZ EZZ Life Science 0.37 16% 47,491
NYR Nyrada Inc. 0.19 15% 459,253
NKL Nickelxltd 0.155 15% 1,519,153
GGX Gas2Grid Limited 0.004 14% 16,261
JAT Jatcorp Limited 0.016 14% 19,898,433
OEX Oilex Ltd 0.004 14% 253,991
IMB Intelligent Monitor 0.2725 14% 20,000
MGX Mount Gibson Iron 0.65 13% 8,860,130
MPG Manypeaksgoldlimited 0.565 13% 275,527
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Among stocks with news, agri-tech company Bio-Gene (ASX:BGT) jumped by ~15% following the release of its quarterly 4C trading update and among the diggers, Cullen Resources (ASX:CUL) rose by around 10% after reporting some “high-grade gold hits”.

Pumped up WA explorer  BMG Resources (ASX:BMG) also surged again in support of Tuesday’s big share price gain.

BMG hit thick, high-grade gold in drilling at ‘Capital’ — part of the ‘Abercrombie’ project — including a cherry on top – 31m at 6.18g/t gold. This was part of a broader 77m intersection grading ~3g/t from 116m.

So far, drilling has more than doubled the mineralised envelope at Capital to 550m long and 520m deep, while the deposit remains open in multiple directions.

Sparkling new drill results from Predictive Discovery’s (ASX:PDI) 3.65Moz ‘Bankan’ discovery in Guinea included a highlight 41.5m at 5.2 grams per tonne (g/t) gold from 598m depth.

The stock climbed nicely after a set of deeper hits prompted it to plan further extensional drilling, to be incorporated in the drill program in the current quarter.

“These new results demonstrate the consistency of grade and mineralisation which evidently continues significantly beyond the bottom of the NE Bankan pit shell, further underpinning Predictive’s view that Bankan is potentially a Tier 1 gold mine in the making,” managing director Andrew Pardey says.



(Stocks highlighted in yellow fell after making announcements during the trading day).

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Code Company Price % Volume
E33 East 33 Limited. 0.022 -46.3% 32,983,301
ANW Aus Tin Mining 0.001 -33.3% 45,236,500
IEC Intra Energy Corp 0.014 -30.0% 2,075,876
360 Life360 Inc. 3.77 -29.4% 5,874,224
MEB Medibio Limited 0.0035 -22.2% 18,485,734
EX1 Exopharm Limited 0.195 -22.0% 3,337,180
TRS The Reject Shop 4 -21.6% 371,911
HAL Halo Technologies 0.88 -20.0% 324,648
SIX Sprintex Ltd 0.06 -20.0% 50,000
CLE Cyclone Metals 0.004 -20.0% 3,643,803
HXG Hexagon Energy 0.036 -18.2% 6,750,704
VPR Volt Power Group 0.0025 -16.7% 346,511
INP Incentiapay Ltd 0.017 -15.0% 50,000
TON Triton Min Ltd 0.029 -14.7% 3,010,619
OSP Osprey Med Inc 0.205 -14.6% 255,413
ERG Eneco Refresh Ltd 0.036 -14.3% 28,000
BLU Blue Energy Limited 0.078 -14.3% 10,739,409
CAQ CAQ Holdings Ltd 0.012 -14.3% 50,000
CT1 Constellation Tech 0.006 -14.3% 170,704
LCT Living Cell Tech. 0.006 -14.3% 3,463,684
MBK Metal Bank Ltd 0.006 -14.3% 286,359
AHK Ark Mines Limited 0.435 -13.9% 57,111
ASQ Australian Silica 0.095 -13.6% 429,031
C6C Copper Mountain 3.33 -13.5% 79,833
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