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

Good morning, today on Stockhead, Guy Le Page searched long and hard and finally found something to like about Queensland. Eddy Sunarto’s gone and ruined chocolates for everyone. And Josh has found some fundies who are happy to share their copper secrets.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,424.70 (-.06%)

Silver: US$31.79 (+0.8%)

Nickel (3mth): US$21,615/t (+2.54%)

Copper (3mth): US$10,889/t (+2.07%)

Zinc: US$3,162.50/t (+0.78%)

Oil (WTI): US$77.72 (-1.80%)

Oil (Brent): US$82.18 (-1.82%)

Iron 62pc Fe: US$117.24/t (0.19%)

AUD/USD: 0.6677 (+0.15%)

Bitcoin: US$71,370(+6.48%)

WHAT GOT YOU TALKING

Everyone loves a good news story. ESPECIALLY IF IT’S GOT SICK GAINZ IN IT.

We’ve hit a new record high in #copper, #nickel is back in the good books, #zinc is upwards of US$3000/t and #ironore is on its way towards US$120/t. | #mining #ASX https://t.co/IXpXAkJxpr

— Stockhead (@StockheadAU) May 21, 2024

ASX SMALL CAP LEADERS

Yesterday’s best performing small cap stocks:

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Code	Name	Price	% Change	Volume	Market Cap
SNX	Sierra Nevada Gold	0.075	83%	3,493,221	$3,119,072
GIB	Gibb River Diamonds	0.038	52%	2,190,115	$5,287,736
CNJ	Conico Ltd	0.002	50%	6,246,560	$1,805,095
WEL	Winchester Energy	0.003	50%	3,953,189	$2,040,844
LPD	Lepidico Ltd	0.004	40%	64,521,713	$21,472,798
CDD	Cardno Limited	0.405	40%	945,843	$11,327,592
FG1	Flynngold	0.035	30%	39,071,398	$6,872,707
MI6	Minerals260Limited	0.200	29%	421,868	$36,270,000
AI1	Adisyn Ltd	0.023	28%	503,973	$3,332,376
EOF	Ecofibre Limited	0.070	27%	40,024	$20,838,065
G88	Golden Mile Res Ltd	0.015	25%	7,035,033	$4,934,674
CUS	Coppersearchlimited	0.150	25%	278,553	$11,074,249
FND	Findi Limited	3.800	25%	897,489	$148,355,712
TZL	TZ Limited	0.025	25%	237,112	$5,131,662
BMO	Bastion Minerals	0.010	25%	17,398,170	$3,444,671
HIQ	Hitiq Limited	0.020	25%	1,025,980	$5,629,519
RBR	RBR Group Ltd	0.003	25%	91,246	$3,268,809
RML	Resolution Minerals	0.003	25%	404,101	$3,220,044
SAN	Sagalio Energy Ltd	0.005	25%	30,000	$818,641
LGM	Legacy Minerals	0.280	24%	1,406,374	$23,727,374
CAG	Caperangeltd	0.135	23%	16,546	$10,439,913
HAR	Harangaresources	0.115	22%	459,251	$8,415,761
PNN	Power Minerals Ltd	0.150	20%	1,249,119	$11,575,630
CDT	Castle Minerals	0.006	20%	2,134,406	$6,122,465

Sierra Nevada Gold (ASX:SNX) surged after declaring its intentions to follow up drill hole BHD006 which returned up to 1270g/t silver at Endowment mine, part of its Blackhawk epithermal project in Nevada, US. SNX has previously identified a large and high-grade intermediate sulphidation epithermal Ag-Au-Pb-Zn vein system, likely related to a large porphyry system located immediately to the south.

Flynn Gold (ASX:FG1) has sampled up to 64g/t gold at the Link Zone prospect, part of the Golden Ridge project in Northeast Tasmania. It’s talking high-grade assays here from its underground grab sampling of mineralised veins, including 64.4g/t, 37.6g/t and 15.9g/t gold. The Link Zone prospect is located between the company’s Trafalgar and Brilliant prospects, with all three prospects now defining a corridor of high-grade gold mineralisation with a potential strike length of 2.5km and a vertical extent of at least 500m.

Bastion Minerals (ASX:BMO) says a recent mapping and sampling program uncovered “extensive new pegmatites and targets” at the Morrissey lithium project in WA.

Everest Metals (ASX:EMC) is hitting super grade gold up to 97g/t as part of a bulk sampling campaign at the Revere project in WA.

Western Australian focused explorer Golden Mile Resources (ASX:G88) announced the completion of Stage 3 metallurgical test work at its flagship Quicksilver nickel-cobalt project near Lake Grace, WA. That testing has outlined an initial “process beneficiation flowsheet”, which the company says has the potential to target 75% nickel recovery from the deposit.

Quicksilver is an oxide clay-hosted deposit with a resource of 26.3Mt grading 0.64% nickel and 0.04% cobalt along with valuable by-products gold, rare earths and scandium.

Gibb River Diamonds (ASX:GIB) announced it’s been granted three mining leases on the project’s land and these are licences considered key to developing the project further with a view to re-establishing its production. The Ellendale Project has, in the past, been one of the world’s largest diamond producers, with previous operators reporting a combined market capitalisation of over $690 million in 2006 on leases now held by GIB.

ASX SMALL CAP LAGGARDS

Today’s best performing small cap stocks:

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Code	Name	Price	% Change	Volume	Market Cap
AMS	Atomos	0.023	-43%	10,191,380	$32,179,273
AVE	Avecho Biotech Ltd	0.003	-25%	316,000	$12,677,188
TD1	Tali Digital Limited	0.002	-25%	48,844	$6,590,311
R8R	Regener8Resourcesnl	0.095	-24%	60,000	$3,207,031
EXL	Elixinol Wellness	0.004	-20%	3,217	$6,505,370
RLG	Roolife Group Ltd	0.004	-20%	6,272,530	$3,911,908
SHO	Sportshero Ltd	0.004	-20%	914,681	$3,089,164
TMR	Tempus Resources Ltd	0.004	-20%	61,050	$3,654,994
ANX	Anax Metals Ltd	0.043	-19%	10,370,048	$31,339,806
VBS	Vectus Biosystems	0.130	-19%	223,261	$8,513,498
1MC	Morella Corporation	0.003	-17%	5,500,184	$18,536,398
MEL	Metgasco Ltd	0.005	-17%	309,000	$7,397,320
MTL	Mantle Minerals Ltd	0.003	-17%	1,323,380	$18,592,338
RIE	Riedel Resources Ltd	0.003	-17%	289,417	$6,671,507
CHW	Chilwaminerals	0.465	-15%	72,329	$25,231,251
FIN	FIN Resources Ltd	0.011	-15%	49,164	$8,440,493
JHX	James Hardie Indust	47.390	-13%	3,178,427	$23,758,384,404
SS1	Sun Silver Limited	0.620	-13%	5,063,130	$49,820,485
AMD	Arrow Minerals	0.004	-13%	10,762,851	$40,557,460
DAF	Discovery Alaska Ltd	0.014	-13%	295,412	$3,747,755
KPO	Kalina Power Limited	0.004	-13%	130,000	$9,945,576
VML	Vital Metals Limited	0.004	-13%	6,321,150	$23,580,268
LM1	Leeuwin Metals Ltd	0.070	-13%	64,273	$3,748,134
DM1	Desert Metals	0.021	-13%	51,000	$6,370,217