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

Good morning everyone, and welcome to Wednesday, October 9, 2024 – an important date in the history of competitive eating.

That’s because it was on this day in 768 that Charlemagne and his brother Carloman I were crowned Kings of The Franks, following a hot dog eating contest that claimed the lives of more than a dozen stout men.

Luckily for you, you won’t need to eat until you explode in order to get your hands on good pre-market info today.

That’s because – as always – we’ve worked super-hard to gather together lots of fiddly little things below, so you don’t need to go ferreting all over the internet for your ASX info this morning.

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,644.80/oz (+0.06%)

Silver: US$31.50/oz (-0.47%)

Nickel (3mth): US$17,992/t (+2.29%)

Copper (3mth): US$9,929.50/t (-0.14%)

Zinc: US$3,174.50/t (-0.27%)

Oil (WTI): US$75.76/bbl (-1.75%)

Oil (Brent): US$79.58/bbl (-1.68%)

AUD/USD: 0.6728 (-0.41%)

Bitcoin: US$63,110 (+1.34%)

WHAT GOT YOU TALKING

Brookside Energy got you blabbering.

Brookside Energy has banked additional revenues of around US$4.3 million ($6.4 million) since flowback and testing began last month on its four new wells at its flagship SWISH Project in Oklahoma’s prolific Anadarko Basin. https://t.co/oquIvleEiI @BrooksideEnergy #ASX $BRK

— Stockhead (@StockheadAU) October 8, 2024

TUESDAY’S ASX SMALL CAP LEADERS

Here are the best performing ASX small cap stocks:

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Code	Name	Price	% Change	Volume	Market Cap
RIM	Rimfire Pacific	0.059	48%	14,163,797	$91,809,376
AAU	Antilles Gold Ltd	0.004	33%	19,033,558	$5,567,228
RNE	Renu Energy Ltd	0.002	33%	1,001,664	$1,206,201
PNT	Panthermetalsltd	0.026	30%	24,582,307	$4,706,973
88E	88 Energy Ltd	0.003	25%	19,383,146	$57,867,624
NTM	Nt Minerals Limited	0.005	25%	250,000	$4,069,612
PUR	Pursuit Minerals	0.003	25%	1,152,630	$7,270,800
PIQ	Proteomics Int Lab	0.800	21%	2,257,887	$86,461,794
AHK	Ark Mines Limited	0.230	21%	40,427	$10,534,818
MKR	Manuka Resources.	0.054	20%	3,733,035	$35,089,545
BMR	Ballymore Resources	0.150	20%	82,442	$22,091,323
CUL	Cullen Resources	0.006	20%	30,492	$3,467,009
MEL	Metgasco Ltd	0.006	20%	588,652	$7,287,934
AU1	The Agency Group Aus	0.021	17%	72,015	$7,714,379
LNR	Lanthanein Resources	0.004	17%	259,999	$7,330,908
OVT	Ovanti Limited	0.004	17%	865,587	$4,669,045
PAB	Patrys Limited	0.004	17%	422,740	$6,172,342
PTR	Petratherm Ltd	0.053	15%	1,041,160	$12,250,713
AQX	Alice Queen Ltd	0.008	14%	397,000	$8,028,230
NSX	NSX Limited	0.032	14%	152,886	$12,817,867
HPR	High Peak Royalties	0.072	14%	57,726	$13,107,762
EME	Energy Metals Ltd	0.105	14%	125,571	$19,290,865
BCA	Black Canyon Limited	0.065	14%	68,503	$4,660,061

Panther Metals (ASX:PNT) jumped after announcing that numerous gold nuggets were discovered at the Comet Well and Comet Well South project areas, including a striking gold in quartz specimen. These initial finds occurred during drill preparations, and subsequent detecting activities near the upcoming drill sites revealed even more nuggets. Additional detecting is currently ongoing across both project areas.

Also, assays have now been submitted for Burtville East, following up on a previous 600m RC programme conducted in 2022, which yielded impressive results. One drill hole, BVE006, showed 15m at 53.94g/t Au from 27m, with a standout intercept of 1m at 478g/t from 28m.

Ark Mines (ASX:AHK) has submitted a mining lease application for its Sandy Mitchell rare earths and heavy minerals project in northern Queensland. The application covers the acreage that forms the basis of the recently reported high certainty measured resource of 71.8Mt grading 1732.7 parts per million monazite equivalent. This resource underpins the completion of a scoping study, supports the application for this Mining Licence, and accelerates ongoing strategic partnership and offtake discussion

Ballymore Resources (ASX:BMR) announced a promising new gold-copper target at its Dittmer Project, near Proserpine in north Queensland. A recent high-resolution magnetic and radiometric survey revealed significant anomalies, including a large 1200m x 800m magnetic body beneath the historic Dittmer mine. 3D magnetic modelling suggests that this area sits above a copper-gold system, supporting earlier findings of elevated copper in the soil. Preparations are now underway to drill and test this exciting new target.

Uranium play, Energy Metals (ASX:EME) , has reported impressive results from its drilling campaign at the Bigrlyi Project, with multiple drillholes hitting high-grade uranium in the A2, A4, and A15 sub-deposits. Notable findings include 5.1 metres at 4,500 ppm eU3O8 from the A2 sub-deposit, and 1.1 metres at 8,600 ppm eU3O8 from the A15 sub-deposit.

The 2024 drilling program has now wrapped up, with all samples sent to the lab for chemical assays. The Bigrlyi Project, located about 350 km northwest of Alice Springs, is a joint venture project that aims to expand its current resource of 6.32 million tonnes at an average grade of 1,530 ppm for a total of 9.66 kilotonnes of U3O8.

Black Canyon (ASX:BCA) has announced promising results from its W2 prospect in Wandanya, located 80 km south of the Woodie Woodie Manganese Mine. Significant assays include 5m at 33.2% Mn and notable higher-grade intervals of up to 48.7% Mn. The mineralisation shows impressive thickness and grade consistency over 240m and remains open for further exploration. The W2 area is thought to represent a new model for hydrothermal manganese enrichment in the Oakover Basin. Plans for metallurgical testing aim to produce a high-grade manganese concentrate.

Rimefire Pacific Mining (ASX:RIM), FY24’s top small cap gainer, surged as investors exercised over 60 million options at a cut-price 2c, dropping ~$1.2m of fresh funds in the scandium explorer’s coffers.

TUESDAY’S ASX SMALL CAP LAGGARDS

Here are the worst performing ASX small cap stocks:

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

Code	Name	Price	% Change	Volume	Market Cap
EXR	Elixir Energy Ltd	0.072	-56%	38,916,089	$197,473,782
HCD	Hydrocarbon Dynamic	0.002	-33%	119,602	$2,425,747
VPR	Voltgroupltd	0.001	-33%	9,951	$16,074,312
IVX	Invion Ltd	0.003	-25%	1,057,882	$27,066,367
YAR	Yari Minerals Ltd	0.003	-25%	816,630	$1,929,431
RIL	Redivium Limited	0.004	-20%	4,769,052	$13,734,274
TYX	Tyranna Res Ltd	0.004	-20%	1,050,000	$16,439,627
IMI	Infinitymining	0.035	-19%	344,182	$5,836,998
AKN	Auking Mining Ltd	0.005	-17%	1,000,000	$2,115,421
BP8	Bph Global Ltd	0.003	-17%	15,409	$1,189,924
FHS	Freehill Mining Ltd.	0.005	-17%	7,088,416	$18,471,167
OMA	Omegaoilgaslimited	0.250	-15%	1,444,491	$84,501,852
KOB	Kobaresourceslimited	0.115	-15%	21,222	$21,405,818
HTM	High-Tech Metals Ltd	0.125	-14%	20,000	$3,588,966
SBR	Sabre Resources	0.013	-13%	1,174,967	$5,894,429
IR1	Irismetals	0.200	-13%	708,814	$31,995,296
PV1	Provaris Energy Ltd	0.020	-13%	314,786	$14,512,249
ATH	Alterity Therap Ltd	0.004	-13%	225,000	$21,281,344
CRR	Critical Resources	0.007	-13%	6,143,992	$15,709,469
NAG	Nagambie Resources	0.014	-13%	834,962	$12,746,171
8CO	8Common Limited	0.035	-13%	67,980	$8,963,796

Elixir Energy (ASX:EXR) dropped over 50% following the conclusion of operations at the Daydream-2 well, where the stabilised gas flow rate was lower than expected.

Although five out of six stimulated zones flowed gas, the final stabilised rate was only 1.0 MMCFPD, down from a maximum of 2.6 MMSCFD. This reduction was due to issues like condensate or water banking around the wellbore, which are common in early-stage gas plays and could be resolved with improved operational management.

Elixir, however, reported that all licence commitments for ATP 2044 have been met and the well will be retained for future production.