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Rise and Shine: Everything you need to know before the market opens
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On Stockhead today, where is super prospector Mark Creasy looking next, three lithium producers catching Argonaut’s eye and James Whelan’s found someone backing Cathie Wood.
But first, the day ahead.
Who’s listing?
Listing: 18 May
IPO: $8m at $0.20
This company is focused on the exploration and development of its Aurora Project in Oregon, USA.
The project hosts a defined uranium resource and is prospective for lithium. The company will conduct exploration and evaluation programs to assess the potential of both these minerals.
TRADING HALTS
The following companies are in trading halts or suspension and are expected out in the next few days:
EMVision Medical Devices (ASX:EMV) – Grant win by the company
Resolution Minerals (ASX:RML) – Capital raise
Clime Investment Management (ASX:CIW) – Proposed material acquisition
Krakatoa Resources (ASX:KTA) – Pending announcement of a material exploration target at the Mt Clere REE Project
MARKETS
Gold: $US1,814.50 (-0.51%)
Silver: $US21.62 (+0.14%)
Nickel (3mth): $US27,810/t (0.00%)
Copper (3mth): $US9,041.00/t (0.00%)
Lithium Carbonate, China (Benchmark Minerals Intelligence, May 12): $US72,175/t (-3.3% weekly)
Lithium Hydroxide, China (Benchmark Minerals Intelligence, May 12): $US72,775/t (-1.7% weekly)
Oil (WTI): $US113.78 (-0.37%)
Oil (Brent): $US112.81 (-1.20%)
Iron 62pc Fe: $US132.61 (-0.26%)
AUD/USD: $US0.7029 (+0.5%)
Bitcoin: $US30,520(+1.35%)
WHAT GOT YOU TALKING YESTERDAY?
The Pentagon is being urged to fund Aussie and UK critical minerals projects at a time when the Australian Government has put money into supporting downstream processing of key minerals such as Iluka Resources’ (ASX:ILU) rare earths processing plant in Western Australia.
– US Department of Defense wants the Pentagon to fund Aussie and UK critical minerals projects
– @Critical_CRR $CRR flags more visual spodumene at Mavis Lake in Canada
– @CoreLithium $CXO says development of the Finniss project is on track https://t.co/6nmDYpZXnn pic.twitter.com/vMQBjTNCLq— Stockhead (@StockheadAU) May 17, 2022
And this Q+A with Queensland Pacific Metals’ (ASX:QPM) MD and CEO Dr Stephen Grocott, who says when battery producers look at the ESG credentials of nickel going into their products, the waste produced by HPL plants should be a major sticking point.
– For every 50kg on nickel in an EV around 5 tonnes of tailings are produced
– @QLDPacificMetal $QPM has its sights set on zero waste from its TECH hub
– An End of Waste Code means residue would be recognised as a resource – not wastehttps://t.co/2Cs1AYftAI pic.twitter.com/wSPYXVhAhS— Stockhead (@StockheadAU) May 16, 2022
To keep up to date with Stockhead coverage, 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 at 10.20am each day for our daily ‘10 at 10’ column — a live summary of winners & losers at the opening bell.
YESTERDAY’S SMALL CAP WINNERS
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Last | % | Volume |
|---|---|---|---|---|
| HAV | Havilah Resources | 0.31 | 88% | 9,025,252 |
| CT1 | Constellation Tech | 0.007 | 40% | 2,868,008 |
| ICE | Icetana Limited | 0.034 | 36% | 627,046 |
| STP | Step One Limited | 0.285 | 36% | 11,648,384 |
| IVO | Invigor Group Ltd | 0.031 | 35% | 405,845 |
| SRN | Surefire Rescs NL | 0.0355 | 31% | 58,682,657 |
| RIM | Rimfire Pacific | 0.009 | 29% | 812,312 |
| FXG | Felix Gold Limited | 0.18 | 29% | 11,001 |
| ICN | Icon Energy Limited | 0.019 | 27% | 444,303 |
| CMO | Cosmometalslimited | 0.175 | 25% | 10,000 |
| VPR | Volt Power Group | 0.0025 | 25% | 1,027,817 |
| GED | Golden Deeps | 0.017 | 21% | 21,108,313 |
| NYR | Nyrada Inc. | 0.2 | 21% | 162,068 |
| MCE | Matrix C & E Ltd | 0.18 | 20% | 146,220 |
| AXP | AXP Energy Ltd | 0.006 | 20% | 2,720,916 |
| CRR | Critical Resources | 0.0875 | 20% | 46,646,268 |
| KWR | Kingwest Resources | 0.155 | 19% | 830,248 |
| PBX | Pacific Bauxite Ltd | 0.155 | 19% | 81,838 |
| PGD | Peregrine Gold | 0.53 | 19% | 189,180 |
| KNM | Kneomedia Limited | 0.025 | 19% | 1,573,216 |
| RDN | Raiden Resources Ltd | 0.013 | 18% | 1,386,922 |
| ZLD | Zelira Therapeutics | 1.38 | 17% | 21,309 |
| EQN | Equinoxresources | 0.17 | 17% | 297,472 |
| AR9 | Archtis Limited | 0.175 | 17% | 460,199 |
| MPR | Mpower Group Limited | 0.035 | 17% | 468,718 |
Up somewhere around 80% yeserday was Havilah Resources (ASX:HAV). That’s after hungry mid-tier player Oz Minerals (ASX:OZL) announced plans to pay HAV up to $405m for the flagship 1.1Mt copper, 3.1Moz gold, and 23,200t cobalt ‘Kalkaroo’ project in South Australia.
HAV has signed up to a binding term sheet with OZL to potentially sell its Kalkaroo copper-gold project for $205 million.
On top of that, $65m could be paid upon a 30% uplift in Kalkaroo’s resource estimate, as well as “a copper price linked contingent payment in each year of production up to a maximum cumulative amount of $135 million”.
That’s $405m all up.
OZ Minerals has 18 months to decide whether it will acquire the project.
Kalkaroo is at pre-feasibility study stage and is potentially one of Australia’s largest undeveloped open pit copper-gold deposits, right next to OZL’s existing operations.
YESTERDAY’S SMALL CAP LOSERS
Scroll or swipe to reveal table. Click headings to sort.
| Code | Company | Last | % | Volume |
|---|---|---|---|---|
| CCE | Carnegie Cln Energy | 0.001 | -50% | 1,370,544 |
| EVE | EVE Health Group Ltd | 0.001 | -33% | 550,000 |
| JAV | Javelin Minerals Ltd | 0.001 | -33% | 667,666 |
| VMG | VDM Group Limited | 0.001 | -33% | 5,396 |
| YPB | YPB Group Ltd | 0.001 | -33% | 781,306 |
| COY | Coppermoly Limited | 0.007 | -30% | 80,000 |
| CFO | Cfoam Limited | 0.005 | -29% | 3,485,933 |
| ARC | ARC Funds Limited | 0.455 | -22% | 397,788 |
| MRI | Myrewardsinternation | 0.057 | -19% | 758,200 |
| JXT | Jaxstaltd | 0.04 | -18% | 2,911,116 |
| YRL | Yandal Resources | 0.2 | -18% | 40,191 |
| TSL | Titanium Sands Ltd | 0.014 | -18% | 466,046 |
| MSV | Mitchell Services | 0.285 | -17% | 2,010,633 |
| AYA | Artryalimited | 0.81 | -17% | 85,620 |
| EQS | Equitystorygroupltd | 0.091 | -17% | 470,713 |
| FIN | FIN Resources Ltd | 0.021 | -16% | 159,802 |
| CPT | Cipherpoint Limited | 0.016 | -16% | 132,900 |
| VOL | Victory Offices Ltd | 0.07 | -16% | 135,175 |
| TIG | Tigers Realm Coal | 0.017 | -15% | 3,598,608 |
| GEN | Genmin | 0.17 | -15% | 237,987 |
| TAS | Tasman Resources Ltd | 0.012 | -14% | 2,179,716 |
| TD1 | Tali Digital Limited | 0.006 | -14% | 5,759,095 |
| VBC | Verbrec Limited | 0.135 | -13% | 21,245 |
| ASM | Ausstratmaterials | 5.02 | -13% | 1,517,540 |
| 9SP | 9 Spokes Int Limited | 0.0035 | -13% | 1,005,607 |
