On Stockhead today, we asked 11 ASX graphite stocks why you should invest in them, it’s time to head back out on the housing auction trail, and myth busted – the lazy stoner stereotype doesn’t exist.

But first, the day ahead.

 

WHO’S LISTING?

COMPANY: Octava Minerals (ASX:OCT)
LISTING: 11am AEDT
IPO RAISE: $6m at $0.20

Octava Minerals promises a “future in green metals”.

What that means is it has some early stage exploration tenements in pretty good real estate for that sort of thing across the East Pilbara and Kimberley, including the flagship Talga project, where pegmatite has been identified within the southern area of Octava’s extensive farm-in and JV Talga lease, with a rock chip sample returning an elevated lithium assay of 0.22%.

It is around 10km down the road from Global Lithium Resources’s (ASX:GL1) Marble Bar lithium project and its Archer resource, which boasts an inferred resource of 10.5mt at 1.0% Li20 in a similar geological setting.

A $10 million IPO last May, Global Lithium shares exploded yesterday to a market cap of over $460m after Chris Ellison’s Mineral Resources (ASX:MIN) upped its stake in the company, showing there is plenty of enthusiasm for lithium explorers with supplies of the battery metal only seeming to get shorter ATM.

 

TRADING HALTS

Kula Gold (ASX:KGD) – capital raise

Energy One (ASX:EOL) – capital raise

Tamboran Resources (ASX:TBN) – capital raise

Charger Metals (ASX:CHR) – capital raise

InhaleRX (ASX:IRX) – capital raise

Anson Resources (ASX:ASN) – capital raise

Atrum Coal (ASX: ATU) – capital raise

Hydrix (ASX:HYD) – Entitlement Offer. From outta nowhere… Cap Raise, Cap Raise, Cap Raise and then BAM! Entitlement Offer. What a twist.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,686.67 (-0.64%)

Silver: $US19.41 (-1.19%)

Nickel (3mth): $US24,217/t (-0.3%)

Copper (3mth): $US7,803.00/t (-0.8%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, Sept 14): $US71,500/t (+98.6% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, Sept 14): $US70,550/t (+135.6% year-to-date)

Oil (WTI): $US88.71 (+0.26%)

Oil (Brent): $US94.36 (+0.26%)

Iron 62pc Fe: $US100.65 (-0.11%)

AUD/USD: 0.6750 (+0.03%)

Bitcoin: $US20,149.60 (-0.39%)

 

WHAT GOT YOU TALKING YESTERDAY?

The Merge happened. Not some weird plot point in the Marvel Cinematic Universe some nerds will try turn into an everyday phrase but a major upgrade of the crypto Ethereum. Our man in the metaverse Rob Badman caught up with all the experts to dissect this frog.

Keep up to date with Stockhead coverage or you’ll miss gold like that EVERY DAY. Follow our Twitter page.

For all you crypto lovers Stockhead’s Coinhead Facebook group is the place to share your views, insights, tips and ideas.

Also, be sure to check in preopen each day for ‘Market highlights and 5 ASX small caps to watch’, and 10.30am for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.

 

YESTERDAY’S ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks [intraday]:

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Auroch Minerals (ASX:AOU)had a stunning Thursday at home after talking up the prospects of its 80% owned Nevada Lithium Project (NLP) in, wait for it, Nevada.

AOU says senior management conducted a site visit in late June/early July which included field visits to further assess the geology of the key prospect areas, together with meeting key stakeholders while its in-country team has sorted thorough historic data confirming the “high prospectivity for significant sedimentary-hosted lithium mineralisation.”

AOU’s NLP comprises a large area that is considered highly prospective for large sedimentary-hosted lithium deposits across four prospect areas — Traction Prospect, San Antone Prospect, Heller Prospect and Lone Mountain Prospect — all located close to the mining town of Tonopah in the mining-friendly Nevada counties of Nye and Esmeralda.

The region is already a happy hunting ground to some very large sedimentary-hosted lithium deposits including Ioneer Resources’ (ASX:INR) Rhyolite Ridge Project.

Elsewhere Pacific Nickel Mines (ASX:PNM) climbed past $0.10 with a more than 28% gain after securing a green light for mining at the Kolosori Nickel Project on Isabel Island in the Solomon Islands from the Minister of the Ministry of Mines, Energy and Rural Electrification.

The company also entered into a Surface Access Rights Agreement with landowners and a Mining Agreement with the Government of the Solomon Islands – which sets out the mining, environmental and fiscal terms for the project.

“This is a major achievement for the company, and we welcome the support of the national, Isabel provincial governments and landowners to develop the Kolosori Nickel Project,” CEO Geoff Hiller said.

“Now that we have been awarded a Mining Lease, it allows the company to begin progressing development operations for Kolosori.”

The plan is to complete the Definitive Feasibility Study (DFS) for the project, expedite the wharf and haul road construction and establish a construction camp.

This should allow the project to ramp up to full production of around 1.3 million wet metric tonnes per annum of direct shipping nickel ore during 2023.

 

YESTERDAY’S ASX SMALL CAP LAGGARDS

Here are the best performing ASX small cap stocks [intraday]:

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