On Stockhead today, Guy Le Page gets gassy, rising lithium prices are ‘inevitable’ and BHP on met coal’s inevitable endurance.

But first, the day ahead.

Local shares are set to open higher today. At 8am AEST, the ASX 200 August futures contract is pointing up by 0.10%.



Heavy Rare Earths (ASX:HRE)

Listing: 17 August

IPO: $6m at $0.20

This company holds the Cowalinya clay-hosted rare earths project in the WA and two exploration licences in the NT which form the Duke project.

At Cowalinya, a JORC inferred mineral resource of 28 million tonnes at 625ppm TREO has been declared, with 25% being valuable magnet rare earths.

HRE is backed by former Arafura Resources (ASX:ARU) executive Richard Brescianini who was involved in most parts of the supply chain from exploration to feasibility studies, product marketing, stakeholder engagement, government relations and upstream technical aspects of the project.



American Rare Earths (ASX:ARR) – ARR has a capital raise off the starboard bow, a full month before International Talk Like a Pirate Day (which is on 19 September this year, in case you were wondering).

Kin Mining (ASX:KIN) – Kin’s organised a capital raise, because it’s never a good idea to borrow money from family.

DevEx Resources (ASX:DEV) – And DevEx is also into a capital raise, because it’s clearly quite fashionable at the moment and we can’t figure out why everyone isn’t doing it. It looks like fun! 

Kin Mining (ASX:KIN) – Capital raising

Antisense Therapeutics (ASX:ANP) – In relation to reporting outcomes of the Long COVID-19 strategic collaboration announced on February 24.

DW8 (ASX:DW8) – Capital raising

Lode Resources (ASX:LDR) – Capital raising

Future Metals NL (ASX:FME) – Capital raising

Firebird Metals (ASX:FRB) – Capital raising



Gold: $US1,775.74 (-0.18%)

Silver: $US20.132 (-0.57%)

Nickel (3mth): $US22,600/t (+2.67%)

Copper (3mth): $US8,005.50/t (+0.32%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, Aug 3): $US69,825/t

Lithium Hydroxide, China (Benchmark Minerals Intelligence, Aug 3): $US70,000/t

Oil (WTI): $US87.12 (-2.53%)

Oil (Brent): $US92.69 (-2.64%)

Iron 62pc Fe: $US107.37 (-0.21%)

AUD/USD: 0.7022 (-0.10%)

Bitcoin: $US23,939 (-0.40%)



For the THIRD time in a month, copper explorer Cobre hits broad, visible copper mineralisation – this time extending the known footprint to more than 4km.

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.



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

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

WordPress Tables Plugin

Cobre (ASX:CBE)  Of course.

Online furniture retailer Temple and Webster (ASX:TPW) announced a +30% boost to revenues in FY22.

And Gascoyne Resources (ASX:GCY) went flying on news of a solid 59m at 12.5g/t Au hit including 13m at 51.1g/t at Dalgaranga.



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

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

WordPress Tables Plugin