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

Good morning everyone. On Stockhead today, Josh Chiat looks at what’s moving and shaking iron ore and coal markets right now, there’s been another giant IPO failure in Honkers, and an Aussie defence stock that might be seriously undervalued – according to experts. Not us.

Here’s the other stuff you need before you get stuck in.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,390.60 (+0.47%)

Silver: US$28.68 (+1.58%)

Nickel (3mth): US$19,469.00/t (+4.90%)

Copper (3mth): US$9,707.07/t (+2.55%)

Oil (WTI): US$83.14 (+0.50%)

Oil (Brent): US$87.29 (+0.21%)

Iron 62pc Fe: US$108.25/t (+0.28%)

AUD/USD: 0.6413 (-0.13%)

Bitcoin: US$64,827.10 (-0.22%)

WHAT GOT YOU TALKING

For once, it actually came in close to 10am:

The best (and worst) performing #ASX #stocks in morning trade using live data. https://t.co/RAkiL607dO

— Stockhead (@StockheadAU) April 23, 2024

YESTERDAY’S ASX SMALL CAP LEADERS

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

Code	Name	Price	% Change	Volume	Market Cap
OSX	Osteopore Limited	0.380	130%	2,283,433	$1,704,234
AUG	Augustus Minerals	0.040	33%	6,849,513	$2,561,100
E33	East 33 Limited.	0.017	31%	1,480,796	$6,982,153
SRT	Strata Investment	0.180	29%	54,353	$23,719,301
RCR	Rincon	0.041	24%	16,106,663	$7,297,995
DMG	Dragon Mountain Gold	0.011	22%	26,326	$3,552,045
M4M	Macro Metals Limited	0.017	21%	20,944,475	$45,248,935
SUM	Summitminerals	0.120	21%	4,435,551	$4,718,056
ZNO	Zoono Group Ltd	0.060	18%	72,351	$10,899,927
LU7	Lithium Universe Ltd	0.027	17%	837,900	$9,469,029
JBY	James Bay Minerals	0.210	17%	73,059	$5,877,900
ORN	Orion Minerals Ltd	0.021	17%	9,895,032	$105,233,124
H2G	Greenhy2 Limited	0.007	17%	395,494	$2,512,535
TMK	TMK Energy Limited	0.004	17%	3,455,709	$20,267,144
TSI	Top Shelf	0.185	16%	23,531	$33,388,138
FFF	Forbidden Foods	0.015	15%	256,754	$2,953,905
MXO	Motio Ltd	0.023	15%	34,247	$5,363,967
AXN	Alliance Nickel Ltd	0.039	15%	241,866	$24,678,547
FHS	Freehill Mining Ltd.	0.008	14%	1,128,755	$20,970,911
GTI	Gratifii	0.008	14%	3,164,226	$11,284,315
PL3	Patagonia Lithium	0.120	14%	10,000	$5,158,493
APS	Allup Silica Ltd	0.048	14%	83,355	$1,616,038
L1M	Lightning Minerals	0.103	14%	827,842	$3,800,256
CY5	Cygnus Metals Ltd	0.083	14%	518,412	$21,283,817

Augustus Minerals (ASX:AUG) says it may have have its copper targets at Tiberius and Claudius after releasing its rock chip assays. Assays include a ripping 17.8% copper and 282g/t silver at Tiberius, which is currently 3m wide and 200m along strike. At Claudius, 11km to the south, results have outlined a number of parallel zones over 100m by 300m at grades of up to 6.6% Cu and 86g/t Ag.

Rincon Resources (ASX:RCR) jumped after reporting news of a string of new gravity targets to prioritise for drilling around its West Arunta ground. Those four new prospects are called K1, K2, Sheoak and Avalon, with three existing targets in the Pokali iron-oxide copper-gold prospect at Arrow, Dune and Surprise also enhanced by the ground gravity surveys. A program of works application has been submitted with WA’s mines regulator to enable RC drilling at all targets.

James Bay Minerals (ASX:JBY) says a field program is expected to start in the next four weeks to follow up airborne surveys, data from neighbouring properties and desktop studies completed since last year’s listing. “Our focus now is on ensuring that we target low-hanging fruit across all areas of the La Grande Project. This will ensure that we deploy capital efficiently on well-established targets,” said JBY’s executive director, Andrew Dornan.

And Osteopore (ASX:OSX) popped big on news of the start of first-in-human clinical trials for knee preservation in Singapore, where the medtech specialises in “3D-printed biomimetic and bioresorbable” implants. Its first patient was treated for knee preservation with Heparan Sulphate 3 (HS3) and aXOpore via a High Tibial Osteotomy (HTO) at the National University Hospital (NUH), Singapore.”

YESTERDAY’S ASX SMALL CAP LAGGARDS

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

Code	Name	Price	% Change	Volume	Market Cap
JAV	Javelin Minerals Ltd	0.001	-50%	1	$4,352,462
ERL	Empire Resources	0.002	-33%	5,000	$3,338,805
MHC	Manhattan Corp Ltd	0.002	-33%	6,000	$8,810,939
ATP	Atlas Pearls Ltd	0.115	-32%	7,918,912	$73,715,804
ME1	Melodiol Glb Health	0.004	-30%	86,985,178	$2,690,966
MRD	Mount Ridley Mines	0.002	-25%	5,359,482	$15,569,766
MTL	Mantle Minerals Ltd	0.002	-25%	1,107,353	$12,394,892
HAL	Halo Technologies	0.090	-25%	294,573	$15,436,367
HTA	Hutchison	0.028	-22%	59,875	$488,610,309
BYE	Byron Energy Ltd	0.060	-22%	2,642,348	$83,066,482
VIT	Vitura Health Ltd	0.125	-22%	12,112,811	$92,139,806
GBZ	GBM Rsources Ltd	0.012	-20%	5,585,365	$17,350,333
EXL	Elixinol Wellness	0.004	-20%	17,564,470	$6,505,370
IS3	I Synergy Group Ltd	0.004	-20%	1,233,334	$1,520,402
MOM	Moab Minerals Ltd	0.004	-20%	1	$3,559,815
NRZ	Neurizer Ltd	0.004	-20%	8,734,375	$7,507,054
ODE	Odessa Minerals Ltd	0.004	-20%	501,348	$5,216,413
NMR	Native Mineral Res	0.023	-18%	225,145	$5,875,814
PAA	Pharmaust Limited	0.240	-17%	6,370,811	$114,553,964
AS1	Asara Resources Ltd	0.010	-17%	1,701,647	$10,586,104
AYT	Austin Metals Ltd	0.005	-17%	434,474	$7,711,148
MCT	Metalicity Limited	0.003	-17%	1,250,001	$13,455,161
NTM	Nt Minerals Limited	0.005	-17%	128,571	$5,159,417
OAU	Ora Gold Limited	0.005	-17%	2,000,000	$34,836,005
OSL	Oncosil Medical	0.005	-17%	11,980,500	$13,533,247