Good morning everyone, and welcome to Thursday, 9 November.
Aussie shares are poised to open higher on Thursday as Wall Street fluctuated overnight to finish flattish. At 8am AEST, the ASX 200 index futures was pointing up by +0.3%.
On Stockhead today…
Western Australia is updating its official Battery and Critical Mineral Strategy for 2024-2030 and has released a consultation paper seeking feedback from “stakeholders” – the mining and minerals exploration industry – to help inform the way forward. Meanwhile, Piedmont Lithium has hit a milestone, turning in inaugural revenue and profit on lithium shipments.
Rob Badman’s got it all – what’s hot, what’s not on the ASX for battery metals players.
But first..
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,949.25 (-0.98%)
Silver: US$22.53 (-0.26%)
Nickel (3mth): US$17,912/t (-2.89%)
Copper (3mth): US$8,186.50/t (-0.63%)
Oil (WTI): US$75.77 (-2.04%)
Oil (Brent): US$79.96 (-2.02%)
Iron 62pc Fe: US$127.26/t (+1.04%)
AUD/USD: 0.6404 (-0.52%)
Bitcoin: US$35,574 (-0.42%)
WHAT GOT YOU TALKING
Iron ore is a big dog’s game and juniors have been battling for time in the box seat since Gretchen Wieners tried to make fetch happen. So after dumping a controversial mega iron ore project, can the former Flinders Mines reinvent itself as the king of the iron ore juniors?
GTI Energy’s (ASX:GTR) is planning an initial drill program of up to 26-holes at Lo Herma to upgrade the maiden 71Mlbs inferred resource released during the September quarter. Drilling is also set to target exploration potential along trend in the Wasatch Formation and in the deeper Fort Union Formation which Cameco produces from ~10 miles west.
And this…
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 |
|---|---|---|---|---|---|
| CLE | Cyclone Metals | 0.002 | 100% | 24,818,999 | $10,264,505 |
| GSM | Golden State Mining | 0.025 | 56% | 28,362,763 | $3,057,412 |
| WML | Woomera Mining Ltd | 0.017 | 42% | 50,596,660 | $11,474,335 |
| NIS | Nickel Search | 0.12 | 41% | 33,126,972 | $13,625,272 |
| TG6 | TG Metals | 1.1 | 40% | 8,362,477 | $31,636,710 |
| AZL | Arizona Lithium Ltd | 0.032 | 39% | 108,982,379 | $76,332,079 |
| BRN | Brainchip Ltd | 0.25 | 39% | 31,167,355 | $322,210,466 |
| KZA | Kazia Therapeutics | 0.11 | 38% | 1,035,042 | $18,907,950 |
| HMD | HeraMED Limited | 0.045 | 36% | 399,133 | $9,223,968 |
| SMN | Structural Monitor | 0.7 | 35% | 360,868 | $69,773,406 |
| GRE | Greentech Metals | 0.85 | 33% | 2,786,192 | $36,370,488 |
| QXR | Qx Resources Limited | 0.034 | 31% | 10,948,300 | $28,748,924 |
| OZM | Ozaurum Resources | 0.155 | 29% | 8,586,453 | $19,050,000 |
| BUS | Bubalus Resources | 0.205 | 28% | 265,780 | $5,147,788 |
| KOB | Koba Resourcesl | 0.084 | 25% | 15,862 | $7,062,917 |
| AM7 | Arcadia Minerals | 0.08 | 25% | 235,334 | $6,979,206 |
| GTG | Genetic Technologies | 0.0025 | 25% | 28,816 | $23,083,316 |
| RLC | Reedy Lagoon Corp. | 0.005 | 25% | 651,603 | $2,466,734 |
| NWC | New World Resources | 0.032 | 23% | 11,894,033 | $58,805,293 |
| IMU | Imugene Limited | 0.081 | 23% | 220,046,714 | $472,888,341 |
| ARV | Artemis Resources | 0.033 | 22% | 13,685,300 | $42,590,296 |
| HTA | Hutchison | 0.036 | 20% | 23,370 | $407,175,257 |
| NXS | Next Science Limited | 0.36 | 20% | 581,573 | $87,508,531 |
| 1MC | Morella Corporation | 0.006 | 20% | 388,626 | $30,817,964 |
Yesterday’s Small Caps highlights:
It was a good day for Golden State Mining (ASX:GSM), up after announcing a series of pegmatite dyke “swarms” at Paynes Find Central and Paynes Find North in the Murchison region of WA with samples off to the lab for lithium analysis and drilling likely early next year.
Technology is improving monitoring of pregnancy with medtech company focusing on maternity care, HeraMED (ASX:HMD), today announcing a trial for up to 90 pregnancies for six to nine months at Gold Coast Hospital to evaluate clinical useability, patient satisfaction, and economic analysis of the HeraCARE and HeraBEAT platforms.
For more market winning announcements head to today’s In Case You Missed It.
YESTERDAY’S ASX SMALL CAP LAGGARDS
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| BOD | BOD Science Ltd | 0.031 | -45% | 4,464,985 | $9,930,956 |
| HFY | Hubify Ltd | 0.015 | -29% | 180,810 | $10,418,862 |
| PUA | Peak Minerals Ltd | 0.003 | -25% | 22,000 | $4,165,506 |
| KGD | Kula Gold Limited | 0.012 | -20% | 970,095 | $5,598,179 |
| MXO | Motio Ltd | 0.028 | -20% | 271,328 | $9,386,942 |
| CHK | Cohiba Min Ltd | 0.002 | -20% | 1,000,000 | $5,533,110 |
| KPO | Kalina Power Limited | 0.004 | -20% | 3,260,726 | $7,575,979 |
| LSR | Lodestar Minerals | 0.004 | -20% | 14,099,682 | $10,116,987 |
| RIE | Riedel Resources Ltd | 0.004 | -20% | 61,701 | $10,297,035 |
| CR1 | Constellation Res | 0.105 | -19% | 40,022 | $6,487,705 |
| EPM | Eclipse Metals | 0.009 | -18% | 4,660,730 | $22,481,847 |
| ESK | Etherstack PLC | 0.25 | -17% | 15,378 | $39,572,101 |
| FRS | Forrestania Resources | 0.03 | -17% | 460,497 | $3,682,858 |
| CXU | Cauldron Energy Ltd | 0.01 | -17% | 6,914,811 | $11,682,824 |
| ECT | Env Clean Tech | 0.005 | -17% | 105,629 | $17,085,331 |
| TAS | Tasman Resources Ltd | 0.005 | -17% | 536 | $4,276,016 |
| PEC | Perpetual Res Ltd | 0.016 | -16% | 376,783 | $11,754,650 |
| AS2 | Askari Metals | 0.14 | -15% | 172,878 | $12,672,035 |
| CVB | Curvebeam Ai Limited | 0.3 | -14% | 80,029 | $64,002,398 |
| 8IH | 8I Holdings Ltd | 0.012 | -14% | 43,500 | $5,002,984 |
| ADR | Adherium Ltd | 0.003 | -14% | 3,363,016 | $17,497,929 |
| LRL | Labyrinth Resources | 0.006 | -14% | 30,303 | $8,312,806 |
| MOH | Moho Resources | 0.006 | -14% | 416,452 | $2,380,311 |
| MTL | Mantle Minerals Ltd | 0.003 | -14% | 3,264,156 | $21,516,060 |
| PXX | Polarx Limited | 0.006 | -14% | 599,999 | $10,917,317 |
TRADING HALTS
Yandal Resources (ASX:YRL) – Capital raising