Good morning everyone, and welcome to Thursday, 2 November.

Aussie shares are poised to open higher, tracking gains on Wall Street.  At 8am AEST, the ASX 200 index futures was pointing up by +0.7%.

On Stockhead today…

Bernard Marr, a world-renowned thought leader in the fields of business and technology, gives his thoughts on the most prominent healthcare trends in 2024. And we take a look at the best performing ASX health stocks in October.

*High-grade magnetite is intrinsic to our clean energy transition, and is the key material is key to lowering CO2 levels at the industrial level. Cam Drummond spills out which ASX small caps are killing it with their iron game.

Energy is one of the biggest expenses for mining companies. And with war throwing uncertainty into the energy market, adding renewables like solar, wind, hydro or geothermal to the mix is more appealing than ever. Em Davies looks at the ASX players that are eco-piggy-banking their operations with renewables. 

 

But first..

TRADING HALTS

Critical Minerals Group (ASX:CMG)  – In relation to the results of a Scoping Study for which CMG ‘intends to prepare a further disclosure’

Indiana Resources (ASX:IDA) – Pending an announcement to the market in relation to a decision from the ICSID ad hoc Committee concerning the stay of enforcement of the Award against the United Republic of Tanzania

Kalina Power (ASX:KPO) – Capital Raising

R3D Resources (ASX:R3D) – Capital Raising

Aussie Broadband (ASX:ABB) – Capital Raising

Surefire Resources (ASX:SRN) – Corporate equity raising.

Terra Uranium (ASX:T92) – Proposed Capital Raising

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,983.39 (+0.02%)

Silver: US$22.98 (+0.39%)

Nickel (3mth): US$18,130/t (-1.94%)

Copper (3mth): US$8,110.50/t (=0.37%)

Oil (WTI): US$80.89 (-0.13%)

Oil (Brent): US$85.00 (-0.02%)

Iron 62pc Fe: US$122.33/t (+2.88%)

AUD/USD: 0.6407 (+1.11%)

Bitcoin: US$35,448 (+2.69%)

 

WHAT GOT YOU TALKING

On a 120% gain this year to date, $1.6 billion Cambodian gold miner Emerald Resources (ASX:EMR) walks into the ASX 200. The miner is currently operating one of the world’s highest margin gold mines at Okvau in the South East Asian nation, as the copper market continues to face headwinds from rising supply and Chinese intervention.

ASX-listed manganese developers are split on whether they will join the existing Chinese supply chain as they look to pivot to the EV market. Firebird Metals (ASX:FRB) and Element 25 (ASX:E25) bosses both say manganese use will grow as manganese rich NCM and LFP batteries grab increased market share

And..

 

YESTERDAY’S ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks:

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Yesterday’s Small Caps highlights:

Up almost 50% in arvo trade is Tambourah Metals (ASX:TMB).

The WA-focused critical minerals developer dropped a quarterly update last night continuing the rapid exploration and development of its flagship Tambourah Gold and Lithium project in the Pilbara.

The Tambourah goldfield is an advanced gold exploration project with lithium and gold development potential.

Importantly, Tambourah says it has “an exciting opportunity for further regional growth” through gold and lithium exploration at its Russian Jack and Nullagine projectsin the East Pilbara. The company has also expanded its Julimar Nth and WH Sth (Ni-PGE-Cu) projects in the SW terrane.

Meanwhile, a delighted Loyal Lithium (ASX:LLI) gave the ASX an update on maiden drilling at its Trieste Lithium Project, located in… yes, the James Bay Region of Québec, in Canada.

 

 

TG Metals (ASX:TG6) continues to climb – the stock is up almost 250% – after hitting paydirt at the Lake Johnston project a few days ago, with maiden holes intersecting high grade lithium of up to 2.28% over 9-12m widths, 200m apart.

Gold Hydrogen (ASX:GHY) says it’s locked onto significant concentrations of hydrogen and helium in its Ramsay 1 Well – which GHY reckons confirms historic measurement and demonstrating an active hydrogen system in the Ramsay Project area.

Managing director Neil McDonald:

“It is incredibly exciting that we have replicated the results of 100 years ago at 240m. With the additional find of helium, which could be a significant value-add to the project, we view these results as being better than planned.”

 

 

YESTERDAY’S ASX SMALL CAP LAGGARDS

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