On Stockhead today, 3 experts, 6 battery metals picks for the EV boom, who’s listing on the ASX this month, and 5 ways the budget may boost your portfolio.
But first … the day ahead.
TRADING HALTS
The following companies went into trading halts yesterday and are expected out in the next few days:
Air New Zealand Limited (ASX: AIZ) – trading halt, pending an announcement on recapitalisation plans
Winsome Resources Limited (ASX:WR1) – trading halt, pending an announcement regarding a capital raising
Musgrave Minerals Limited (ASX:MGV) – trading halt, pending an announcement regarding a capital raising
TasFoods Limited (ASX: TFL) – trading halt, pending an announcement regarding a capital raising
MARKETS
Gold: $US1,921.66 ($2,557.59) (+0.13%)
Silver: $US24.83 ($33.04) (+0.35%)
Oil (WTI): $US106.37 (+205%)
Oil (Brent): $US112.08 (+1.68%)
Coal: $US258 (-1.15%)
Iron 62pc Fe: $US147.50 (0%)
AUD/USD: $US1.33 (-0.15%)
Bitcoin: $US47,447.21 (+0.09%)
WHAT GOT YOU TALKING YESTERDAY?
Culpeo Resources’ (ASX:CPO) copper hit was the talk of the town.
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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.
Code Description Price % Volume CPO Culpeominerals 27% 112% 23,544,187 TEM Tempest Minerals 14% 65% 90,021,667 CMO Cosmometalslimited 20% 38% 183,140 TMS Tennant Minerals Ltd 6% 37% 6,566,748 MPG Manypeaksgoldlimited 38% 29% 1,778,825 TSO Tesoro Resources Ltd 10% 28% 24,514,003 VGI VGI Partners Limited 445% 25% 110,540 BAS Bass Oil Ltd 0% 25% 6,841,369 FLC Fluence Corporation 25% 23% 2,564,723 LRS Latin Resources Ltd 9% 22% 198,672,974 THR Thor Mining PLC 2% 21% 39,121,746 MCM Mc Mining Ltd 12% 20% 4,074 EMUCA EMU NL - 3C Pd, 3C Unpd 1% 20% 1,313 PCL Pancontinental Energ 1% 20% 80,863,960 TKL Traka Resources 1% 20% 3,510,918 SLM Solismineralsltd 25% 19% 2,683,626 RNX Renegade Exploration 1% 19% 10,275,326 FAU First Au Ltd 1% 18% 8,635,798 VRX VRX Silica Ltd 21% 17% 2,229,070 CPM Coopermetalslimited 48% 17% 614,437 HFY Hubify Ltd 6% 17% 1,447,913 DXN DXN Limited 1% 17% 12,992,339 EXR Elixir Energy Ltd 18% 17% 2,293,494 RDS Redstone Resources 1% 17% 1,550,228 ODE Odessa Minerals Ltd 1% 17% 2,032,321
Yesterday the copper-showstopper (and our third of the week) was Culpeo Minerals (ASX:CPO).
Like the two before it, COP smacked into the copper motherlode – also in its very first drillhole at the ‘Lana Corina’ project in Chile. It’s up about 112%. On Monday, Tempest Minerals (ASX:TEM) jumped circa 265% after doing exactly the same at ‘Orion’.
And on Tuesday, newly listed Recharge Metals (ASX:REC) ran headlong into 300m of copper mineralisation in drilling at its West Aussie flagship ‘Brandy Hill South’ project.
And remember, Culpeo only got all ASX-y in September, listing on the 10th with a couple of porphyry projects, and only got its hands on 80% of Lana Corina earlier this month.
Still underground, and Cosmo Metals (ASX:CMO) is having a good dig, 3,000m of it in fact as it kicks off at CMO’s twin ‘Mt Venn’ and ‘Eastern Mafic’ copper-nickel projects also in the Greatest State.
The program is expected to take about three weeks and looks to back up resource studies after a previous drill program completed in late 2021 returned several wide, higher-grade intersections of… (pauses, cleans glasses, sighs. puts them back on end of nose, continues…) copper.
More high-grade lithium from Brazil for Latin Resources (ASX:LRS) peaking at 3.22%. Ore grade is usually around 1%, so it’s the really good stuff.
First assay results from the initial two drill holes at the ‘Southern Target’ area of the ‘Salinas’ project “have confirmed a potential new high-grade lithium discovery”, the company said.
Tesoro Resources (ASX: TSO) has nailed some ‘sensational’ intercepts – the best to date – from its flagship El Zorro gold project in Chile.
Diamond drill assays returned “multiple wide gold intercepts from high-grade, strike-extensive zones which remain open at depth and to the south.” Shares are climbing higher at lunch.
Firefinch (ASX:FFX) is up well into double digits as the goldie continues to unpack the monster inside the Morila gold mine in Mali. It’s now secured a mining licence for its Finkola permit, allowing work to begin at the Beledjo-Koting deposit, the fourth satellite ore source for Firefinch to feed the Morila mill.
Beledjo-Koting contains an ore reserve of 20,000oz including 0.63Mt at 0.98g/t gold, with inferred and indicated resources of 0.93Mt at 1.01g/t for 30,000oz of gold.
YESTERDAY’S BIGGEST SMALL CAP LOSERS
(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 88E 88 Energy Ltd 0.016 -52% 878,807,975 ALT Analytica Limited 0.001 -33% 1,274 AHN Athena Resources 0.006 -20% 2,024,429 CCE Carnegie Cln Energy 0.002 -20% 45,428,781 KFE Kogi Iron Ltd 0.008 -20% 5,350,065 REC Rechargemetals 0.365 -20% 12,029,228 CT1 Constellation Tech 0.005 -17% 1,060,236 GGX Gas2Grid Limited 0.0025 -17% 13,156,505 ROO Roots Sustainable 0.005 -17% 404,964 VPR Volt Power Group 0.0025 -17% 174,278 TML Timah Resources Ltd 0.057 -16% 19,411 ABE Ausbondexchange 0.365 -15% 71,560 ECG Ecargo Hldg 0.023 -15% 30,000 MTB Mount Burgess Mining 0.006 -14% 49,995 OEC Orbital Corp Limited 0.325 -13% 251,319 CLB Candy Club 0.1 -13% 3,704 WWG Wisewaygroupltd 0.2 -13% 59,779 PNM Pacific Nickel Mines 0.096 -13% 729,402 BKY Berkeley Energia Ltd 0.515 -13% 496,344 CUL Cullen Resources 0.014 -13% 1,966,965 HMX Hammer Metals Ltd 0.11 -12% 5,866,763 YBR Yellow Brick Road 0.11 -12% 55,000 VTI Vision Tech Inc 0.625 -12% 18,739 KNB Koonenberrygold 0.097 -12% 157,919 ARE Argonaut Resources 0.004 -11% 2,822,974