On Stockhead today, the top 50 ASX miners and explorers for March, the zinc IPO that’s up 265pc already, and how to play a global food shortage.

But first, the day ahead.

 

WHO’S LISTING?

Sarytogan Graphite (ASX:SGA)

Listing: 6 April

IPO: $8.5m at $0.20

The explorer’s namesake Sarytogan deposit is in the Karaganda region of Central Kazakhstan.

There are two large zones of graphitised sediments in the Sarytogan area: the Central and North graphite zones and the project has a mineral resource estimate of 209mt at 28.4% total graphitic carbon with 60,000t of contained graphite.

 

TRADING HALTS

The following companies are in trading halts and are expected out in the coming days:

PVW Resources ASX:PVW) – capital raising

Orcoda (ASX:ODA) – capital raising

Energy NL (ASX:NWE) – capital raising

Xanadu Mines (ASX:XAM) – in response to the price & volume query issued by the ASX

Inca Minerals (ASX:ICG) – pending assay results

Okapi Resources (ASX:OKR) – material acquisition

Hartshead Resources NL (ASX:HHR) – pending a material update to gas volumes at the Production Seaward License P2607

Strandline Resources (ASX:STA) – capital raising

Golden Deeps (ASX:GED) – capital raising

Legacy Iron Ore (ASX:LCY) – execution of a joint venture agreement in relation to the Mt Bevan iron ore project

European Lithium (ASX:EUR) – capital raising

Nova Minerals (ASX:NVA) – pending an announcement regarding the investment in Snow Lake Resources

Hawthorn Resources (ASX:HAW) –  managing continuous disclosure obligations ahead of an announcement in relation to the execution of a joint venture agreement of the Mt Bevan iron ore project

Marquee Resources (ASX:MQR) – capital raising

 

MARKETS (updated at 8am AEDT)

Gold: $US1,921.82 (-0.50%)

Silver: $US24.29 (-0.87%)

Oil (WTI): $US100.90 (-2.30%)

Oil (Brent): $US105.53 (-1.86%)

Aust Coking Coal (steelmaking): $406.7/t (-9.6%)

Newcastle Coal (thermal): $264/t (+2.0%)

Iron 62pc Fe: $US161.25 (-0.36%)

AUD/USD: $US0.7584 (+0.1%)

Bitcoin: $US45,810 (-2%)

 

WHAT GOT YOU TALKING YESTERDAY?

Our Eye on Lithium column got you talking.

BloombergNEF says demand for the battery metal will jump fivefold by the end of the decade

 

 

And Ionic’s soon-to-be acquisition of magnet recycling tech firm Seren Technologies got you looking.

 

 

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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.

 

YESTERDAY’S BIGGEST SMALL CAP WINNERS

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

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

 

BNPL player Payright (ASX:PYR) provides a BNPL service for merchant clients to offer customers, with a focus on bigger-ticket items.

The company announced a $125 million warehouse funding facility with senior lender Goldman Sachs and mezzanine arranger iPartners, which it said will reduce cost of funding by 5.5% and add an additional $4.4m in annual cash flows.

Sovereign Metals (ASX:SVM) says it’s updated the mineral resource estimate (MRE) for its Kasiya project in Malawi – and ladies and gentlemen  – it’s a rather large 1.8 billion tonnes at 1.01% rutile. The largest ever.

Meanwhile, up on no news at all is Mitre Mining (ASX:MMC), a freshly minted small cap with a hankering for lithium, rare earths, gold, and base metals in the mineral rich Lachlan Fold Belt of NSW.

Iron ore-nickel-cobalt explorer/project developer Admiralty Resources (ASX:ADY) has been largely MIA in 2022.

In February last year, ADY signed a deal to hopefully commercialise its Mariposa iron ore project in Chile.

The 420m market cap stock is up 80% year-to-date. It had $1.7m in the bank at the end of December.

Mineral Resources Limited (ASX: MIN) and JV buddy, Albemarle Corporation (NYSE: ALB) say that thanks to increasing demand for lithium they’ll likewise lift production from the Wodgina and Mt Marion spodumene mines in WA.

The miners will accelerate resumption of production from Train 2 at Wodgina with first spodumene concentrate from this train expected in July.

 

YESTERDAY’S BIGGEST SMALL CAP LOSERS

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

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

Down over 16%, smartglobe maker Buddy Technologies (ASX:BUD) has been asked by the ASX to justify its listing on the Exchange for the third time after it posted a half-year loss of $50m earlier this year.

Music attribution aggregator Jaxsta (ASX:JXT) dipped sharply, after announcing a funding deal with licensing platform Songtradr.

The deal will see Songtrader provide JXT with an interest-free loan of $1.7m, which if approved by shareholders will give Songtradr the right to provide an additional $1.3m as part of a $3m convertible note.

The note will be convertible by Songtradr into fully paid ordinary Jaxsta shares at 2.1c, a material discount to yesterday’s closing price of 3.4c.