What you need to know before the ASX opens on 14 Nov 2023. Picture Getty
Rise and Shine: Everything you need to know before the ASX opens
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Good morning everyone, and welcome to Tuesday, 14 November.
Aussie shares are poised to open higher on Tuesday on the back higher commodities prices overnight . At 8am AEDT, the ASX 200 index futures was pointing up by +0.9%.
On Stockhead today…
A small resource that sits at the surface could potentially be more valuable than a large one at depth as developing the former could be as simple as getting a bulldozer to dig out the material while a deeper deposit might need extensive tunnels – also known as adits – to access them. With that in mind, Bevis Yeo has spilled out the companies that are poised to release maiden resources for their respective projects within the next six months.
But first..
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$1,946.07 (+0.48%)
Silver: US$22.31 (+0.40%)
Nickel (3mth): US$17,257/t (-3.12%)
Copper (3mth): US$8,035.50/t (-1.37%)
Oil (WTI): US$78.35 (+1.53%)
Oil (Brent): US$82.60 (+1.44%)
Iron 62pc Fe: US$128.34/t (+0.21%)
AUD/USD: 0.6374 (+0.25%)
Bitcoin: US$36,550 (-1.6%)
WHAT GOT YOU TALKING
Experts believe China’s move last month to introduce graphite export permits from December could potentially disrupt supply chains, raise costs, and affect production. Others believe it presents an opportunity for countries outside of China to diversify their sourcing and reduce dependence on the Middle Kingdom. We looked at countries like Australia, with graphite stocks like these four.
Strickland Metals (ASX:STK) says the first four diamond holes into the Marwari discovery in WA have intersected the same –albeit thicker – gold-rich rocks as the discovery hole, which pulled up 31m at 5.6g/t from ~70m.
And this…
Greenvale Energy’s goal of becoming Australia’s only domestic end to end supplier of bitumen products has received a shot in the arm after resources at its Alpha Torbanite project in Queensland were upgraded to 28Mt. https://t.co/ZDNdDTwm7d #ad #ASX $GRV
— Stockhead (@StockheadAU) November 13, 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 |
|---|---|---|---|---|---|
| ASR | Asra Minerals Ltd | 0.015 | 88% | 30,197,508 | $11,573,097 |
| 4DX | 4Dmedical Limited | 0.765 | 66% | 6,303,446 | $159,374,677 |
| RON | Roninresourcesltd | 0.175 | 40% | 382,940 | $4,274,762 |
| INF | Infinity Lithium | 0.115 | 35% | 6,541,283 | $39,320,328 |
| MAU | Magnetic Resources | 0.66 | 35% | 2,000 | $10,005,242 |
| FNX | Finexia Financialgrp | 0.295 | 26% | 21,363 | $11,374,635 |
| FAU | First Au Ltd | 0.0025 | 25% | 250,000 | $2,903,987 |
| GTG | Genetic Technologies | 0.0025 | 25% | 127,944 | $23,083,316 |
| BMG | BMG Resources Ltd | 0.011 | 22% | 580,374 | $5,704,174 |
| RGL | Riversgold | 0.011 | 22% | 4,500,141 | $8,561,353 |
| PTX | Prescient Ltd | 0.07 | 21% | 6,314,132 | $46,708,548 |
| TG6 | Tgmetalslimited | 1.07 | 20% | 4,023,450 | $35,868,371 |
| EVR | Ev Resources Ltd | 0.012 | 20% | 567,309 | $9,447,798 |
| BC8 | Black Cat Syndicate | 0.26 | 18% | 1,567,496 | $66,828,375 |
| CSX | Cleanspace Holdings | 0.295 | 18% | 28,513 | $19,281,401 |
| CDR | Codrus Minerals Ltd | 0.066 | 18% | 298,101 | $4,886,000 |
| ITM | Itech Minerals Ltd | 0.165 | 18% | 314,952 | $17,105,699 |
| ACW | Actinogen Medical | 0.021 | 17% | 1,827,889 | $40,573,082 |
| AZL | Arizona Lithium Ltd | 0.042 | 17% | 79,152,772 | $119,476,297 |
| BFC | Beston Global Ltd | 0.007 | 17% | 186,475 | $11,982,281 |
| ENV | Enova Mining Limited | 0.007 | 17% | 1,750,000 | $3,845,576 |
| SI6 | SI6 Metals Limited | 0.007 | 17% | 19,806,773 | $11,963,157 |
| SKN | Skin Elements Ltd | 0.007 | 17% | 1,824,128 | $3,536,917 |
| ELD | Elders Limited | 7.17 | 16% | 2,559,072 | $967,025,227 |
| MCE | Matrix C & E Ltd | 0.29 | 16% | 787,856 | $54,887,641 |
Yesterday’s Small Caps highlights:
Infinity Lithium (ASX:INF) has secured significant Spanish government funding for its headline act, the San José lithium project joint venture entity Tecnología Extremeña del Litio for advancement of said project – which, you can probably gather, is in Spain.
It’s an award of €18.8 million (A$31 million) grant funding from the government’s Ministry of Industry, Trade and Tourism, and INF’s MD and CEO Ryan Parkin is describing it as a “significant milestone” for Infinity Lithium and the San José lithium project, of which it owns 75%.
On the way up again is the junior explorer Ronin Resources (ASX:RON) rising strongly on Monday, living off the lithium fumes of last week.
Beyond its flagship Colombian projects, including Vetas, a large, high-grade thermal coal operation, it’s also joined the recent frothy hunt for white gold in Canada. Lithium, that is.
It’s been focusing on the Hornby Lake lithium project in Ontario, where, about a week ago on Nov 6, it confirmed the sighting of numerous pegmatites, which it’s in the process of assessing for LCT-based mineralisation. Those assay results are expected some time in December.
And Aussie imaging tech specialist 4D Medical (ASX:4DX) says that from January 1 next year, the notoriously difficult American healthcare world will start helping notoriously troubled American patients.
4DX surged on the news its scanning device has been included into the US Centers for Medicare & Medicaid Services (CMS) – which is the US federal agency providing health coverage through Medicare and the rest of those weird US health things.
So from 1 January 2024, XV LVAS scans conducted in a US hospital outpatient facility for Medicare patients can be billed to CMS. Some 65.7 million Americans are enrolled in the program.
Also out of the medtech space, an update from Cleanspace (ASX:CSX) has the stock higher on Monday. October sales have continued growth trend up some +50% v PCP, and currently, CSX is running ahead of expectations for sales growth in FY24.
YESTERDAY’S ASX SMALL CAP LAGGARDS
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Company | Price | % | Volume | Market Cap |
|---|---|---|---|---|---|
| TWE | Treasury Wine Estate | 0.079 | -71% | 731,668 | $21,006,164 |
| PVS | Pivotal Systems | 0.001 | -67% | 11,690,764 | $2,305,138 |
| AMD | Arrow Minerals | 0.001 | -50% | 131,825,006 | $6,047,530 |
| RR1 | Reach Resources Ltd | 0.0065 | -46% | 153,307,497 | $38,523,565 |
| AL8 | Alderan Resource Ltd | 0.008 | -38% | 46,463,524 | $8,017,030 |
| EMU | EMU NL | 0.001 | -33% | 5,000,000 | $2,501,282 |
| VPR | Volt Power Group | 0.001 | -33% | 654,675 | $16,074,312 |
| KEY | KEY Petroleum | 0.0015 | -25% | 1,000,000 | $3,935,856 |
| TNY | Tinybeans Group Ltd | 0.135 | -25% | 28,361 | $15,090,947 |
| GSM | Golden State Mining | 0.019 | -24% | 7,102,543 | $4,777,207 |
| ALV | Alvomin | 0.23 | -23% | 870,463 | $27,939,094 |
| GSN | Great Southern | 0.022 | -21% | 362,033 | $21,129,785 |
| BCT | Bluechiip Limited | 0.02 | -20% | 1,269,552 | $19,677,202 |
| CRB | Carbine Resources | 0.004 | -20% | 174,200 | $2,758,689 |
| EDE | Eden Inv Ltd | 0.002 | -20% | 653,679 | $8,409,092 |
| MCT | Metalicity Limited | 0.002 | -20% | 8,467,437 | $10,627,715 |
| OSL | Oncosil Medical | 0.008 | -20% | 436,802 | $19,758,411 |
| 5EA | 5Eadvanced | 0.275 | -19% | 967,944 | $103,368,874 |
| IVZ | Invictus Energy Ltd | 0.185 | -18% | 18,266,301 | $290,435,443 |
| SKS | SKS Tech Group Ltd | 0.185 | -18% | 29,154 | $24,704,855 |
| ZEO | Zeotech Limited | 0.043 | -17% | 5,127,347 | $89,877,999 |
| NYM | Narryermetalslimited | 0.12 | -17% | 292,058 | $6,959,069 |
| KNI | Kunikolimited | 0.25 | -17% | 37,442 | $25,771,880 |
| ME1 | Melodiol Glb Health | 0.0025 | -17% | 109,868,737 | $11,502,311 |
| VFX | Visionflex Group Ltd | 0.01 | -17% | 30,000 | $17,003,894 |
TRADING HALTS
Nanollose (ASX:NC6) – Capital raising
Tivan (ASX:TVN) – Pending an announcement of a long-term commercial and strategic partnership agreement
Delta Lithium (ASX:DLI) – Pending an announcement
88 Energy (ASX:88E) – Pending announcement
Findi (ASX:FND) – Pending announcement
First Lithium (ASX:FL1) – Pending additional information in relation to the announcement released yesterday
Neometals (ASX:NMT) – Pending an announcement to clarify the “visually estimated spodumene” as referred to in yesterday’s announcement entitled “Neometals Discovers Spodumene-bearing Pegmatite at Spargos”
Yojee (ASX:YOJ) – Proposed capital raising
Osmond Resources (ASX:OSM) – Pending an announcement to be made by the Company to the market in connection with the acquisition of a material project
Fertoz (ASX:FTZ) – Pending the release of an announcement relating to a capital raise
Kula Gold (ASX:KGD) – Pending an announcement by the Company regarding a capital raise and commencement of drilling at the Company’s Cobra Lithium Prospect within the Kirup Project
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