On Stockhead today, your cut-out-and-keep guide to Mongolian miners, meet Australia’s next rare-earth producer, and is it time to buy some cheap lithium?

But first, the day ahead.

Local shares are set to open lower today. At 7.30am AEDT, the ASX 200 March futures is pointing down by 1.27%.



The following companies are in Trading Halts and are expected out in the coming days.

Lake Resources NL (ASX:LKE) – capital raising

Xantippe Resources (ASX:XTC) – capital raising

Manuka Resources (ASX:MKR) – capital raising

Creso Pharma (ASX:CPH) – capital raising

Genex Power (ASX:GNX) – capital raising

Canyon Resources (ASX:CAY) – seeking clarification from the Cameroon Government

Galilee Energy Limited (ASX:GLL)  – capital raising



Gold: $US1,906.35 (+0.42%)

Silver: $US24.50 (+1.71%)

Oil (WTI): $US91.80 (-0.17%)

Oil (Brent): $US96.60 (-0.27%)

Aust Coking Coal (steelmaking): $444.0/t (+1.90%)

Newcastle Coal (thermal): $197/t (0.00%)

Iron 62pc Fe: $US142.96/t (-0.21%)

AUD/USD: $US0.7232 (+0.18%)

Bitcoin: $US37,650 (-0.68%)



Everyone loves a bargain.


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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).

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Alliance Resources (ASX:AGS) last night reported that major shareholder Ian Gandel tabled an off-market takeover bid at 18c per share – a ~35% premium on the last closing price.

Fresh analysis of historical gold sampling has uncovered several lithium anomalies at Castle Minerals’ (ASX:CDT) ‘Woodcutters’ project in the Norseman region of WA.

Woodcutters encompasses some 10km of the “Western Australia Lithium Corridor” which hosts the nearby Bald Hill, Buldania, and Mt Marion deposits.

The Collection House (ASX:CLH) share price is circa 20% the better after Credit Corp (ASX:CCP) announced it had entered into a binding agreement to acquire CLH’s New Zealand purchased debt ledger (PDL) for $12m.

And Peel Mining (ASX:PEX) will raise $23m to grow the ‘South Cobar’ copper project – “with the ultimate aim to advance towards development of a 10-year copper operation”.

The cash will be raised at 18c per share – a very reasonable 10% discount to the last closing price — with the placement to be cornerstoned by mine finder and company make Josh Pitt.

You can read more here.



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

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WA food company  FFI Holdings (ASX:FFI), which runs brands like Chocolate Products of Australia, Nemar Cake Toppings and Prepact, fell after downgrading its profit guidance to $1.6m for H1 FY22.