On Stockhead today, Budget 2022: What’s in store for the resources sector, the ASX tech stocks making big leaps in sport and a nickel junior’s mission to find the next Nova.

But first, the day ahead.



The following companies are in trading halts, and are expected out in the next few days:

Chesser Resources (ASX:CHZ) – Capital raising

Jatcorp (ASX:JAT) – Capital raising

Great Boulder Resources (ASX:GBR) – Capital Raising

Macarthur Minerals (ASX:MIO) – Capital raising

PolarX (ASX:PXX) – Capital raising

New Zealand Coastal Seafoods (ASX:NZS) – Capital raising

Conico (ASX:CNJ) – Capital raising

Bill Identity (ASX:BID) – Capital raising


MARKETS (updated at 8am AEDT)

Gold: $US1,919.35 (-0.20%)

Silver: $US24.89 (-0.25%)

Oil (WTI): $US106.20 (+0.23%)

Oil (Brent): $US112.17(-0.28%)

Aust Coking Coal (steelmaking): $594.70/t (-0.1%)

Newcastle Coal (thermal): $258/t (-1.15%)

Iron 62pc Fe: $US150.14 (0.00%)

AUD/USD: $US0.7520 (+0.20%)

Bitcoin: $US47,342 (-0.27%)



Discoveries. Two of ’em. Big ones. In two days.

And James Whelan reminding everyone again that they need to eat to stay alive.

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Also, be sure to check in at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.



(Stocks highlighted in yellow rose after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.

Code Description Price % Volume
REC Recharge Metals 0.44 238.5% 36,325,440
ERG Eneco Refresh Ltd 0.044 57.1% 150,000
ALT Analytica Limited 0.0015 50.0% 31,500
AQC Auspaccoal Ltd 0.23 35.3% 52,298
HHI Health House Int Ltd 0.032 33.3% 519,900
HIO Hawsons Iron Ltd 0.26 33.3% 17,239,091
CCE Carnegie Cln Energy 0.0025 25.0% 63,988
PTR Petratherm Ltd 0.046 24.3% 906,627
CXM Centrex Limited 0.185 23.3% 6,114,325
CUL Cullen Resources 0.016 23.1% 3,649,816
CPH Creso Pharma Ltd 0.073 21.7% 30,132,640
AAP Australian Agri Ltd 0.023 21.1% 118,912
OEC Orbital Corp Limited 0.375 21.0% 266,952
SIT Site Group Int Ltd 0.006 20.0% 1,161,225
TG1 Techgen Metals Ltd 0.13 18.2% 60,752
HCD Hydrocarbon Dynamic 0.013 18.2% 272,455
WWG Wisewaygroupltd 0.23 17.9% 57,781
HFY Hubify Ltd 0.053 17.8% 192,055
NEA Nearmap Ltd 1.505 16.2% 6,906,674
SGC Sacgasco Ltd 0.029 16.0% 1,859,420
GW1 Greenwing Resources 0.38 15.2% 526,065
LKE Lake Resources 1.93 14.9% 32,869,113
FIN FIN Resources Ltd 0.032 14.3% 941,272
TSC Twenty Seven Co. Ltd 0.004 14.3% 3,123,000
XTC Xantippe Res Ltd 0.008 14.3% 12,774,573
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It’s been a historic start to the week for small cap copper explorers, with two major hits flagged in WA that sent their share prices of their respective announcers in a parabolic upward trajectory.

Yesterday it was Recharge Metals’ (ASX:REC) turn, as the company’s drill program uncovered about 300m of copper mineralisation that remains open at end-of hole at its ‘Brandy Hill South’ project in WA.

It gained around~240% surge following a similar move earlier this week for Tempest Minerals (ASX:TEM), which announced a major copper strike of its own on Monday.

Orbital Corp (ASX:OEC) shares went off like a rocket. This, after news emerged it played host to Australia’s Minister for Defence, Peter Dutton, at its Perth headquarters last week.

The purpose of the visit was to give Dutton a feel for Orbital’s Balcatta facility, where it will manufacture the propulsion systems “responsible for powering the Australian Army’s next generation of Tactical Uncrewed Aerial Systems (‘UAS’)”, Orbital said.

For Orbital chairman John Welborn, it represented an opportunity “to showcase the advanced technology and aerospace manufacturing expertise that will support the delivery of a critical capability to the Australian Army”.

It wasn’t a near thing for Nearmap (ASX:NEA) on Tuesday – shares in the aerial imagery firm jumped over up 15%, following a trading update reaffirming FY22 upper end of the $150m-$160m guidance range.

The news follows Nearmap’s annual contract value (ACV) topping $150m for the first time.

And shares in Telix Pharmaceuticals (ASX:TLX) rose more than 7% yesterday to $4.46 after the company announced the US Food and Drug Administration (FDA) had granted Orphan Drug Designation (ODD) for its TLX66 for conditioning treatment before hematopoietic stem cell transplant (HSCT).

Telix said the granting of ODD for TLX66 qualifies the company for various drug development incentives, including FDA administered market exclusivity for seven years, waived FDA prescription drug user fees and tax credits for R&D.



(Stocks highlighted in yellow fell after making announcements during the trading day).

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price % Volume
ANW Aus Tin Mining 0.001 -33.3% 3,516,202
BAS Bass Oil Ltd 0.002 -20.0% 837,145
SBR Sabre Resources 0.005 -16.7% 1,379,166
MBX Myfoodieboxlimited 0.16 -15.8% 377
SLB Stelarmetalslimited 0.235 -14.5% 1,483,151
PYR Payright Limited 0.12 -14.3% 44,450
HPC Thehydration 0.255 -13.6% 134,703
MPP Metro Perf.Glass Ltd 0.33 -13.2% 4,000
AKM Aspire Mining Ltd 0.083 -12.6% 404,267
FFT Future First Tech 0.028 -12.5% 243,667
TMX Terrain Minerals 0.007 -12.5% 200,000
CBY Canterbury Resources 0.07 -12.5% 883,285
MAY Melbana Energy Ltd 0.1275 -12.1% 121,591,354
BDX Bcaldiagnostics 0.11 -12.0% 120,837
TIE Tietto Minerals 0.515 -12.0% 8,999,393
AON Apollo Minerals Ltd 0.075 -11.8% 934,506
TMS Tennant Minerals Ltd 0.04 -11.1% 3,998,888
ADY Admiralty Resources. 0.016 -11.1% 1,197,864
BLU Blue Energy Limited 0.081 -11.0% 4,871,822
GTR Gti Resources 0.025 -10.7% 42,417,343
ENA Ensurance Ltd 0.255 -10.5% 115,879
ACU Acumentis Group Ltd 0.13 -10.3% 259,460
AMD Arrow Minerals 0.0045 -10.0% 100,000
DXN DXN Limited 0.009 -10.0% 700,316
ESH Esports Mogul Ltd 0.0045 -10.0% 1,772,542
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Tietto Minerals (ASX:TIE) is doing it rough after receiving binding commitments for a two-tranche $130m placement. Shares in the West African gold explorer and developer were about 13% lower near 3.30pm.

With a $370mn market cap, Tietto will deploy the $130mn to accelerate its Abujar Gold Project in Côte d’Ivoire.

Tietto says it will issue some 260 million fully paid ordinary shares at $0.50 a pop.

Carnarvon Energy (ASX:CVN) says it’s nailed the $70 million fully underwritten institutional placement, securing 234 million new shares at an offer price of 30¢ per share. The new shares are expected to settle on April 4.

CEO Adrian Cook is chuffed:

“The proceeds will be used to bring the Dorado liquids development to a final investment decision in 2022 and to test the tie-in potential close to the Dorado development, which includes the upcoming Apus-1 well and recent Pavo-1 oil discovery.”

The share price has suffered a bit, drifting about 5% lower.