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

Good morning everyone, and welcome to Tuesday 03 October – a date of some infamy as it marks the 38th anniversary of the death of Hollywood star Rock Hudson from AIDS.

Hudson’s death sparked the beginning of the moral panic related to AIDS, leading some 43% of Americans to believe that the disease was a “punishment from God” for those who were leading “immoral lifestyles”.

It was a particularly frightening day, however, for thousands of geologists living around the globe, after banner headlines reading AIDS KILLS ROCK had quite a number of them concerned that their already somewhat dangerous choice of career had just become even more perilous.

It’s a timely reminder for everyone that it’s important to be armed with as many facts as possible before reaching a conclusion on any topic – and that’s why the Stockhead crew has been busy carefully crafting today’s fantastic feature stories.

They include Nadine McGrath’s wonderful round-up of who the best performers on the market were during Bad September, and Josh Chiat’s been digging around in Canada again to find out what’s what in the world hottest lithium hunting ground today.

Plus, here’s all the data and digits and bibs and bobs to get your motor running this morning as well.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,857.70 (-0.44%)

Silver: US$21.95 (-2.27%)

Nickel (3mth): US$18,702.50/t (-0.98%)

Copper (3mth): US$8,267.00/t (-0.16%)

Oil (WTI): US$91.07 (+0.31%)

Oil (Brent): US$92.47 (+0.29%)

Iron 62pc Fe: US$119.74/t (+0.04%)

AUD/USD: 0.641 (-0.34%)

Bitcoin: US$27,987.10 (-0.03%)

WHAT GOT YOU TALKING

Christian went data-diving to find out who’s hoarding all the gold around the world – and the results were pretty surprising, and had a lot of you talking around the water cooler this morning.

#Gold bulls will love this. 🐂 https://t.co/UC8yj99lbq

— Stockhead (@StockheadAU) October 1, 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
AXP	AXP Energy Ltd	0.002	100%	248,652	$5,824,681
GMN	Gold Mountain Ltd	0.007	40%	3,712,635	$11,345,393
GAL	Galileo Mining Ltd	0.405	37%	1,541,699	$58,299,353
MRD	Mount Ridley Mines	0.002	33%	1,259,942	$11,677,324
IMI	Infinitymining	0.145	32%	304,168	$8,541,652
BIT	Biotron Limited	0.088	29%	50,560,849	$61,332,253
LM1	Leeuwin Metals Ltd	0.315	26%	354,206	$11,196,250
CT1	Constellation Tech	0.0025	25%	453,257	$2,942,401
CTO	Citigold Corp Ltd	0.005	25%	900,000	$11,494,636
MCT	Metalicity Limited	0.0025	25%	4,766,666	$7,472,172
TAR	Taruga Minerals	0.011	22%	168,332	$6,354,241
HFY	Hubify Ltd	0.018	20%	83,167	$7,442,044
AMD	Arrow Minerals	0.003	20%	2,954,187	$7,559,413
TOE	Toro Energy Limited	0.0155	19%	35,370,707	$62,156,869
CTQ	Careteq Limited	0.026	18%	657,903	$4,886,703
EYE	Nova EYE Medical Ltd	0.23	18%	585,599	$37,172,634
ACM	Aus Critical Mineral	0.3	18%	625,049	$7,581,469
BMR	Ballymore Resources	0.1	18%	59,567	$12,426,767
CYL	Catalyst Metals	0.66	17%	254,808	$124,349,462
4DX	4Dmedical Limited	0.525	17%	232,080	$155,525,102
HIQ	Hitiq Limited	0.021	17%	21,695	$4,802,027
DTR	Dateline Resources	0.014	17%	505,213	$10,625,314
RLC	Reedy Lagoon Corp.	0.007	17%	940,000	$3,700,102
LV1	Live Verdure Ltd	0.395	16%	340,215	$38,134,079
VEE	Veem Ltd	0.65	16%	178,591	$76,002,893

Yesterday’s Small Caps highlights were:

Galileo Mining (ASX:GAL) up 37% and making decent progress on delivering a maiden Indicated and Inferred Mineral Resource Estimate for the company’s Callisto Pd–Pt–Au–Rh–Ni–Cu sulphide deposit.

Galileo says it’s sitting on 17.5 Mt @ 1.04g/t 4E1, 0.20% Ni, 0.16% Cu (2.3g/t PdEq2 or 0.52% NiEq3), and the contained metal includes 585,000oz 4E, 35kt Ni and 28kt Cu (~1.27Moz PdEq or ~91,000t NiEq).

Roughly 8Mt (46%) of the resource is inside the indicated category with a 2.5g/t PdEq grade or 0.58% NiEq (metal content within indicated resource category of ~639,000oz PdEq or ~45,800t NiEq).

Biotron (ASX:BIT) continued it’s solid run on Monday, picking up from where it left off on Friday and adding another 29.4%, again on no news.

“The ASX has already been through the motions of the standard “is there something you’re not telling everyone?” routine, thanks to the company’s recent sharp rises – and in surprising volume for the third session from the past five – following positive-but-not-headline-making news around this time last week.

Gold Mountain (ASX:GMN) lived up to its name, finding a fathomless 40%. Leeuwin Metals (ASX:LM1) also made some ground – up about 20% despite no market-moving news since 04 September. And, Infinity Mining (ASX:IMI) is climbing on no fresh news, up 22.7%.

Alderan Resources (ASX:AL8) gave back half its earlier gains to close at +10%, after snapping up 100% ownership of seven lithium exploration projects consisting of 24 granted exploration licences covering 472km2 in Brazil’s Eastern Lithium Belt.

Veem (ASX:VEE) added close to 20% on Monday. The Aussie designer and manufacturer of go-quick propellers says it struck JV deals with Sharrow Engineering to partner together to design them, and then VEEM will exclusively manufacture and sell Sharrow propellers worldwide, up to 5m in diameter, for inboard motor vessels.

Syrah Resources (ASX:SYR) climbed to 57c by just after lunchtime, ahead some 13%, after reporting of rising anode production in China and improved natural graphite demand, thanks to the burst of activity in the cheapest electric vehicle war.

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
MEB	Medibio Limited	0.001	-33%	5,000	$9,151,116
S3N	Sensore Ltd	0.16	-24%	78,460	$7,642,580
MOH	Moho Resources	0.007	-22%	260,000	$2,448,320
BXN	Bioxyne Ltd	0.011	-21%	1,438,552	$26,623,036
ICR	Intelicare Holdings	0.012	-20%	180,556	$3,133,731
CTN	Catalina Resources	0.004	-20%	2,982,500	$6,192,434
GTG	Genetic Technologies	0.002	-20%	30,667	$28,854,145
MOM	Moab Minerals Ltd	0.008	-20%	15,154,762	$7,119,635
GMR	Golden Rim Resources	0.021	-19%	96	$15,381,298
MEK	Meeka Metals Limited	0.038	-17%	1,311,720	$50,701,611
DOU	Douugh Limited	0.005	-17%	280,221	$6,341,852
MDI	Middle Island Res	0.02	-17%	57,914	$3,375,797
SNS	Sensen Networks Ltd	0.047	-16%	564,334	$38,148,554
CXU	Cauldron Energy Ltd	0.011	-15%	10,983,425	$12,370,393
HAR	Harangaresources	0.205	-15%	618,292	$12,195,365
AOA	Ausmon Resorces	0.003	-14%	830,000	$3,392,513
BUR	Burleyminerals	0.155	-14%	1,384	$18,233,416
PSL	Paterson Resources	0.027	-13%	135,701	$12,316,124
TNC	True North Copper	0.17	-13%	97,368	$50,669,083
GGE	Grand Gulf Energy	0.007	-13%	82,477	$14,934,288
RGS	Regeneus Ltd	0.007	-13%	71,227	$2,451,495
RMX	Red Mount Min Ltd	0.0035	-13%	258,910	$10,694,304
CAZ	Cazaly Resources	0.035	-13%	389,285	$15,800,120
CF1	Complii Fintech Ltd	0.035	-13%	134,388	$22,690,374
LEX	Lefroy Exploration	0.175	-13%	107,174	$32,091,600