On Stockhead today, PLS boss says the only way for lithium is up, why Aussie gas concerns are hot air, and Fortescue stays positive on China.

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:

Alchemy Resources (ASX:ALY) – ASX price query

Heavy Minerals (ASX:HVY) – Maiden JORC resource at Port Gregory project

Virtus Health (ASX:VRT) – Court shenanigans around takeover tussle

EQ Resources (ASX:EGR) – Announcement in relation to material funding

Benz Mining Corp (ASX:BNZ) – Exploration update at Ruby Hill West lithium project

Aeris Resources (ASX:AIS) – Entitlement offer to fund Round Oak Minerals deal

Sovereign Metals (ASX:SVM) – Capital raising

Triangle Energy (ASX:TEG) – Capital raising


MARKETS (updated at 8am AEDT)

Gold: $US1,885.91 (+0.01%)

Silver: $US22.97 (-1.55%)

Nickel (3mth): $US33,300/t (+0.7%)

Copper (3mth): $US9,856/t (0.00%)

Oil (WTI): $US103.85 (+1.79%)

Oil (Brent): $US106.82 (+1.33%)

Aust Coking Coal (steelmaking): $494.00/t (+7.2%)

Newcastle Coal (thermal): $325.00/t (0.00%)

Iron 62pc Fe: $US141.00 (+1.45%)

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

Bitcoin: $US39,333.80 (+0.21%)



You’re still excited about that Pilbara Minerals (ASX:PLS) lithium auction.

As Snoop would say: Mind on my money, money on my mind.


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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).

Scroll or swipe to reveal table. Click headings to sort.

Code Description Price % Volume
SPT Splitit 0.325 54.8% 14,351,540
ALT Analytica Limited 0.002 33.3% 6,000,046
EVE EVE Health Group Ltd 0.002 33.3% 3,504,626
KEY KEY Petroleum 0.004 33.3% 1,275,000
GED Golden Deeps 0.021 31.3% 66,763,245
OVT Ovato Limited 0.155 29.2% 73,000
CL8 Carly Holdings Ltd 0.049 28.9% 134,912
9SP 9 Spokes Int Limited 0.005 25.0% 1,300,000
CLE Cyclone Metals 0.005 25.0% 28,682,101
GTG Genetic Technologies 0.005 25.0% 2,128,570
LRD Lordresourceslimited 0.395 23.4% 3,356,270
HMD Heramed Limited 0.19 22.6% 200,913
FHE Frontier Energy Ltd 0.305 22.0% 382,642
BEX Bikeexchange Ltd 0.067 21.8% 305,105
JNO Juno 0.145 20.8% 267,000
NCL Netccentric Ltd 0.1 20.5% 737,200
JXT Jaxstaltd 0.036 20.0% 5,511,503
AQN Aquirianlimited 0.36 20.0% 61,890
BFC Beston Global Ltd 0.06 20.0% 2,327,222
POL Polymetals Resources 0.135 17.4% 175,463
CR1 Constellation Res 0.24 17.1% 67,045
TEM Tempest Minerals 0.1 16.3% 31,467,864
BCB Bowen Coal Limited 0.325 16.1% 12,439,478
CUL Cullen Resources 0.022 15.8% 5,084,874
CST Castile Resources 0.185 15.6% 715,709
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Fintech Splitit (ASX:SPT) smashed sone new quarterly records but it’s probably the cracking Japanese deal with Google that had investors pumping the stock higher. The word is Google USA – the real, scary Google – plans to expand its Splitit partnership beyond Japan and into the pockets of Google’s big spending US customers.

Yesterday’s Charles Sheen stock (winning for no apparent reason) was again Lithium Plus Minerals (ASX:LPM), which only listed on Tuesday and ended some 175% up on its suddenly bargain looking listing price $0.25.

Lithium Plus (300%) is now trading at $1 – that’s a little maths gag I’ve borrowed from our Closing Bell man Christian Edwards.

Mining reg-tech platform K2fly Limited (ASX:K2F) nailed its third quarter, delivering record revenues after a string of deals with South32 and Freeport-McMoran.

Also marching on the quarter is Aspermont (ASX:ASP).The publisher of mining news is enjoying its own headline moment, with a quarterly revenue bump thanks to the pick-up in activity across its live events division.

And Juno Minerals (ASX:JNO), developer of the Mount Mason DSO Hematite Project in WA. With permits in place, Juno said a financial investment decision on Mount Mason is “subject to confirming a logistics solution, which is being progressed”.



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

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price % Volume
JAV Javelin Minerals Ltd 0.001 -33.3% 751,004
SLM Solis Minerals 0.155 -29.5% 2,470,872
ANL Amani Gold Ltd 0.0015 -25.0% 616,250
AQX Alice Queen Ltd 0.006 -25.0% 79,678,970
GGX Gas2Grid Limited 0.003 -25.0% 1,134,248
ELE Elmore Ltd 0.037 -22.9% 9,553,420
AMD Arrow Minerals 0.004 -20.0% 41,241,147
ARE Argonaut Resources 0.004 -20.0% 330,000
VPR Volt Power Group 0.002 -20.0% 9,700,000
MAY Melbana Energy Ltd 0.088 -20.0% 105,767,329
HTG Harvest Tech Grp Ltd 0.14 -17.6% 426,683
RIE Riedel Resources Ltd 0.01 -16.7% 2,204,251
T3D 333D Limited 0.0025 -16.7% 250,332
SES Secos Group Ltd 0.19 -15.6% 1,541,225
WSP Whispir Limited 1.25 -15.0% 1,382,878
HAL Halo Technologies 0.75 -14.8% 370,201
AQS Aquis Ent Ltd 0.15 -14.3% 33,515
CSF Catalanoseafoodltd 0.18 -14.3% 100,001
SIH Sihayo Gold Limited 0.003 -14.3% 6,467,422
AUA Audeara 0.082 -13.7% 503,958
AUQ Alara Resources Ltd 0.051 -13.6% 337,644
AGN Argenica 0.45 -13.5% 129,417
IPT Impact Minerals 0.011 -12.7% 11,985,450
CI1 Credit Intelligence 0.007 -12.5% 11,405,708
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Silver Lake Resources (ASX:SLR) isn’t so much of a small cap nowadays, but headed back in that direction a little yesterday after withdrawing its full year sales guidance.

The gold and copper digger from out WA-way blamed the state’s Covid-loopiness for severe disruptions from labour shortages to shaky supply lines. SLR shares were down 12% at lunchtime.