On Stockhead today, the million-oz goldie juniors you might have missed, and why you should be long oil. Also, why you should be long gas.

But first… the day ahead.

Listing at 11am AEST is Cavalier Resources (ASX:CVR) with three near-term gold and nickel projects in WA.

 

TRADING HALTS

The following companies went into trading halts today and are expected out in the next few days:

 

Triton Minerals (ASX:TON) – announcement around a security incident at its Ancuabe graphite project in Mozambique

92 Energy (ASX:92E) – capital raising

Tesoro Resources (ASX:TSO) – capital raising

 

MARKETS

Gold: $US1,849.52 (-3.71%)

Silver: $US21.98(-0.053%)

Nickel (3mth): $US28855/t (+3.26%)

Copper (3mth): $US9,730/t (+2.33%)

Lithium Carbonate, China (Benchmark Minerals Intelligence, June 1): $US69,450/t (0.1% weekly)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, June 1): $US70,875/t (0.0% weekly)

Oil (WTI): $121.77 (-0.34%)

Oil (Brent): $US123.27 (-0.31%)

Iron 62pc Fe: $US147 (+0.50%)

AUD/USD: $US0.71726 (-0.24%)

Bitcoin: $US30,291.67 -0.50%)

 

WHAT GOT YOU TALKING YESTERDAY?

Which small caps are in the +1Moz gold club? But this is only part 1 of the story – keep an eye out for part 2. (Actually, it’s just here.)

 


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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 Company Price % Volume
CCE Carnegie Cln Energy 0.002 100% 2,543,789
ANL Amani Gold Ltd 0.0015 50% 2,337,462
PLG Pearlgullironlimited 0.05 39% 8,214,784
ARO Astro Resources NL 0.004 33% 3,840,935
ZMM Zimi Ltd 0.13 30% 135,804
MGG Mogul Games Grp Ltd 0.0025 25% 6,931,116
VPR Volt Power Group 0.0025 25% 2,000,000
SGQ St George Min Ltd 0.042 24% 5,883,040
ILA Island Pharma 0.185 23% 48,549
AHN Athena Resources 0.029 21% 97,641,465
MOZ Mosaic Brands Ltd 0.24 20% 2,964,318
AXP AXP Energy Ltd 0.006 20% 11,241,133
CT1 Constellation Tech 0.007 17% 998,004
GTG Genetic Technologies 0.0035 17% 529,622
SPA Spacetalk Ltd 0.064 16% 266,693
1AG Alterra Limited 0.015 15% 593,542
SXG Southern Cross Gold 0.575 15% 3,583,893
ADR Adherium Ltd 0.008 14% 1,059,485
ADS Adslot Ltd. 0.016 14% 142,405
DDT DataDot Technology 0.008 14% 106,880
JTL Jayex Technology Ltd 0.008 14% 102,563
GLA Gladiator Resources 0.025 14% 4,455,715
NOR Norwood Systems Ltd. 0.017 13% 361,210
RAC Race Oncology Ltd 1.905 13% 502,071
RMY RMA Global 0.135 13% 39,991
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Up about one million per cent yesterday on no news is Pearl Gull Iron (ASX:PLG)

First up, what’s fun about Pearl Gull Iron is its mining title over a significant whack of Cockatoo Island.

Cockatoo Island is situated off the coast waaaaay up in northwest Australia where its ‘rich history of high-grade iron ore mining since the 1950s’ can be continued in shrouded mystery, if not secrecy.

PLG is drilling into thick, high-grade iron ore goodness at the ‘Switch Pit’, including ~57m grading 68.9% fe from ~80m.

That’s high. The benchmark grade often quoted is 62% fe – anything higher than this can attract a substantial price premium from buyers.

Aside from rare exceptions like Mount Gibson Iron’s (ASX:MGX) Koolan Island mine – right next door to Cockatoo — Australia doesn’t have many high grade hematite resources like those in Brazil or Africa.

Geological and resource modelling has now kicked off and expected to be delivered very soon.

“Once our resource work is complete, we look forward to updating the market with further plans for our high-grade iron ore project,” chairman Russell Clark says.

The $3m market cap minnow is down 30% year-to-date. It had $1.1m in the bank at the end of March.

And Race Oncology (ASX:RAC) told the market it will be conducting an on-market share buyback, running over the next 12 months with an many as up 4 million Race Oncology shares up for grabs.

 

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 Last % Volume
ROC Rocketboots 0.1 -41% 3,162,052
FTC Fintech Chain Ltd 0.019 -27% 143,951
BBX BBX Minerals Ltd 0.12 -23% 142,332
1ST 1St Group Ltd 0.007 -22% 3,304,085
BPP Babylon Pump & Power 0.007 -22% 2,276,678
DTR Dateline Resources 0.115 -22% 2,463,555
ACU Acumentis Group Ltd 0.1 -20% 656,069
GLV Global Oil & Gas 0.004 -20% 25,729,138
SIH Sihayo Gold Limited 0.002 -20% 20,007,073
ODM Odin Metals Limited 0.017 -19% 1,669,479
WNR Wingara Ag Ltd 0.045 -18% 43,710
SER Strategic Energy 0.025 -17% 10,000
WRK Wrkr Ltd 0.016 -16% 296,417
CDT Castle Minerals 0.027 -16% 5,840,308
HMG Hamelingoldlimited 0.11 -15% 287,674
IGN Ignite Ltd 0.11 -15% 38,770
LNU Linius Tech Limited 0.0055 -15% 4,247,089
NAG Nagambie Resources 0.045 -15% 39,662
OPL Opyl Limited 0.051 -15% 84,607
BEX Bikeexchange Ltd 0.017 -15% 537,959
SUH Southern Hem Min 0.017 -15% 350,390
SMS Starmineralslimited 0.115 -15% 265,000
ARN Aldoro Resources 0.175 -15% 625,748
SOM SomnoMed Limited 1.24 -14% 14,406
RLC Reedy Lagoon Corp. 0.018 -14% 2,204,233
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