Rise and Shine: Everything you need to know before the ASX opens

On Stockhead today, Stockhead goes even more national, what gold experts are buying in the wonky selloff, and why gas price concerns are overcooked.

But first, the day ahead.

WHO’S SCHEDULED TO LIST?

ALLUP SILICA (ASX:APS)

Raised: $5m at 20c per share

Listing: 11:30am AEST

The company owns four silica exploration projects in WA. The most advanced is ‘Unicup’ in the State’s south, where APS is focussed on updating and expanding the resource.

Silica is used in the manufacture of photovoltaic panels (solar) and other industrial applications.

SARAMA RESOURCES (ASX:SRR)

Raised: $8m at 20c per share

Listing: 12:30pm AEST

This West African gold explorer is already listed on the TSX, and has sights set on growing its flagship ‘Sanutura’ project in Burkina Faso.

But Sanutura is already big, with a mineral resource of 2.9Moz, including 9.4Mt at 1.9g/t for 600,000oz in the indicated category and 52.7Mt at 1.4g/t for 2.3Moz inferred.

The company has 50,000m of mostly extensional drilling planned in the next 12 months.

SOLSTICE MINERALS (ASX:SLS)

Raised: $12m at 20c per share

Listing: 11am AEST

The Orecorp (ASX:ORR) spin-out has four gold and base metals exploration projects covering 2,620sqkm in WA.

“The tenement holding has been largely under-explored, with modern exploration previously restricted by disjointed tenement ownership and limited funding,” it says.

“Solstice’s ownership consolidation provides an opportunity to apply cutting-edge targeting methodologies using a belt-scale approach.”

TRADING HALTS

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

Metalicity (ASX:MCT) – capital raising

Monger Gold (ASX:MMG) – material acquisition and an associated proposed capital raise

Kuniko (ASX:KNI) – capital raising

Miramar Resources (ASX:M2R) – capital raising

Osprey Medical (ASX:OSP) – considering its strategic and funding options

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

Sovereign Metals (ASX:SVM) – Capital raising

Triangle Energy (ASX:TEG) – Capital raising

MARKETS (updated at 8am AEDT)

Gold: $US1,896.00 (+0.09%)

Silver: $US22.746 (-1.68%)

Nickel (3mth): $US32,500/t (-2.32%)

Copper (3mth): $US9,821/t (-2.24%)

Oil (WTI): $US104.130 (-1.19%)

Oil (Brent): $US109.40 (+1.68%)

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

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

Iron 62pc Fe: $US142.00 (+2.90%)

AUD/USD: $US0.7067 (-0.4876%)

Bitcoin: $US38,096.40 (+1.16%)

WHAT GOT YOU TALKING OVER THE WEEKEND?

Stockhead’s Rob Badman caught up with ‘Civitas’ project lead and gaming director Kent Byers to learn about the development of the 4X (eXplore, eXpand, eXploit, and eXterminate) Ethereum-based strategy game.

Recently we spoke with Stockhead and dove deeper into what we are building in Civitas, check out the article below! https://t.co/CGkjIHBnTx

— Civitas (@playcivitas) April 30, 2022

LAST WEEK’S BIGGEST SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for April 25 – 29:

Swipe or scroll to reveal full table. Click headings to sort:

Plucky WA explorer BMG Resources (ASX:BMG) just kept surging last week following some cracking results out at Abercrombie.

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.

LAST WEEK’S BIGGEST SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for April 25 – 29:

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

Solis Minerals (ASX:SLM) fell on Thursday by around 30% following the release of assay results from the copper mineralised system at its Mostazal copper project in Chile.