On Stockhead today, how to feed 330 new battery metals mines, how to meet copper demand by 2030, and how to know when to buy Nuix.

But first … the day ahead.

 

TRADING HALTS

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

Link Administration Holdings (ASX:LNK) – Link got some info about some regulatory approvals which are part of the conditions of its sale to Dye & Durham.

Imugene Limited (ASX:IMU) – Imugene’s holding a cap raise to facilitate two new institutional investors climbing on board.

Structural Monitoring Systems (ASX:SMN) – It’s a capital raise. That’s all we know.

Power Minerals (ASX:PNN) – And it’s another capital raise. At this point, if capital gets much higher, we’re calling an ambulance.

The Star Entertainment Group (ASX:SGR) – There’s a big report on the way.

 

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: $US1,715.31 (-0.04%)

Silver: $US19.012 (+1.24%)

Nickel (3mth): $US22,994/t

Copper (3mth): $US7,856.50/t

Lithium Carbonate, China (Benchmark Minerals Intelligence, Aug 17): $US71,200/t (+90.2% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, Aug 17): $US71,775/t (+127.4% year-to-date)

Oil (WTI): $US86.10 (-0.79%)

Oil (Brent): $US92.26 (-0.63%)

Iron 62pc Fe: $US104.50 (+2.96%)

AUD/USD: 0.68560 (+0.23%)

Bitcoin: $US21,742.67 (+1.46%)

 

WHAT GOT YOU TALKING YESTERDAY?

Ionic Rare Earths (ASX:IXR) has started the mining licence application process in Uganda.


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.

 

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 Market Cap
ODE Odessa Minerals Ltd 0.028 87% 107,745,722 $8,057,267
GGX Gas2Grid Limited 0.002 33% 297,001 $6,087,153
SIT Site Group Int Ltd 0.004 33% 496,000 $3,153,735
FOS FOS Capital Ltd 0.22 29% 15,500 $2,262,044
KOR Korab Resources 0.034 26% 4,756,118 $9,910,350
NMR Native Mineral Res 0.15 25% 357,098 $5,739,543
BAT Battery Minerals Ltd 0.005 25% 655,350 $11,700,969
KFE Kogi Iron Ltd 0.005 25% 44,000 $6,470,311
TYX Tyranna Res Ltd 0.055 22% 55,519,955 $106,013,730
NES Nelson Resources. 0.0145 21% 4,405,943 $3,531,566
LYN Lycaonresources 0.36 20% 114,741 $9,575,625
AXP AXP Energy Ltd 0.006 20% 4,550,572 $29,060,903
CLE Cyclone Metals 0.003 20% 2,205,428 $15,291,842
CT1 Constellation Tech 0.006 20% 789,990 $7,356,002
INP Incentiapay Ltd 0.012 20% 100,000 $12,650,636
GAS State GAS Limited 0.31 19% 65,493 $51,956,399
SRK Strike Resources 0.11 18% 1,490,900 $25,110,000
OEC Orbital Corp Limited 0.235 18% 106,690 $18,199,339
PNC Pioneer Credit Ltd 0.38 17% 289,473 $36,381,830
RMY RMA Global 0.175 17% 352,446 $71,903,946
RBR RBR Group Ltd 0.0035 17% 141,140 $3,862,861
ROG Red Sky Energy. 0.007 17% 5,253,157 $31,813,363
IND Industrial Minerals 0.495 16% 342,094 $12,495,000
CBY Canterbury Resources 0.043 16% 160,796 $4,558,346
AYA Artryalimited 0.65 16% 61,777 $35,076,787
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The diamond explorer Odessa Minerals (ASX:ODE) segued sharply into the world of lithium and rare earths. Just saying the names of those up and coming sectors can buy you about a 70% kick in the stock price.

Odessa said yesterday that two of three Lyndon project tenements in WA have been granted, and exploration is ready to roll.

In April, ODE moved the acquire the 606sqkm project right next door to Dreadnought’s (ASX:DRE) recent rare earth discoveries at Mangaroon.

DRE is now +200% after whacking into some not-as-rare-as-thought-around-here earths in June, during its first drill.

ODE is banking, Reuben says, on replicating a bit of Dr DRE’s early success.

Nickel Industries (ASX:NIC) announced a mega resource upgrade at its Hengjaya mine in Indonesia – one which could transform the ASX-lister into one of the world’s key suppliers.

With its Angel nickel project commissioned and Oracle RKEF plant under construction, by 2023 the fast growing nickel producer expects to be in the top-10 suppliers of nickel metal everywhere.

NIC MD Justin Werner said the resource update positions Hengjaya among the world’s 10 largest nickel resources.

“We are delighted to deliver a significant increase in our Resource at the Hengjaya Mine from 2.4 million tonnes to 3.7 million tonnes of contained nickel metal representing a 56% increase, with further upside remaining. This places the Hengjaya Mine amongst the top 10 global nickel resources, highlighting the world class size of the deposit,” he said.

NIC’s high-grade saprolite resource of 72Mt at 1.8% nickel will be used to supply its Hengjaya, Ranger and Oracle plants, Josh says, which need around 8.8Mt of ore a year to run, with Hengjaya to supply 3.5-4Mt a year.

 

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 Market Cap
MGG Mogul Games Grp Ltd 0.001 -50% 180,625 $6,526,882
VPR Volt Power Group 0.002 -33% 5,431,319 $28,033,601
CLZ Classic Min Ltd 0.024 -31% 95,453,216 $8,442,006
PCL Pancontinental Energy 0.003 -25% 3,586,823 $30,216,891
PRM Prominence Energy 0.0015 -25% 38,078,986 $4,849,218
SER Strategic Energy 0.018 -25% 879,884 $6,833,849
AMT Allegra Orthopaedics 0.1 -23% 20,000 $13,579,696
CAG Cape Range 0.17 -23% 36,986 $20,879,826
AQC Auspaccoal Ltd 0.52 -22% 377,380 $33,824,823
MAF MA Financial Group 3.99 -22% 4,480,541 $897,438,294
GFN Gefen Int 0.071 -21% 20,600 $6,114,611
ECG Ecargo Hldg 0.028 -20% 112,040 $21,533,750
IMB Intelligent Monitor 0.06 -20% 202,583 $9,802,522
CAD Caeneus Minerals 0.004 -20% 2,364,528 $23,603,025
CFO Cfoam Limited 0.004 -20% 230,769 $3,669,203
LNU Linius Tech Limited 0.004 -20% 12,514,155 $11,569,332
RAN Range International 0.008 -20% 608,873 $9,392,903
SIH Sihayo Gold Limited 0.002 -20% 261,666 $15,255,320
TD1 Tali Digital Limited 0.004 -20% 1,470,250 $6,163,153
TSL Titanium Sands Ltd 0.013 -19% 116,960 $22,502,366
CXU Cauldron Energy Ltd 0.01 -17% 1,417,337 $6,424,935
ATX Amplia Therapeutics 0.096 -17% 667,872 $22,310,637
WC1 West Cobar Metals 0.25 -19% 1,744,853 $9,532,523
FRE Firebrickpharma 0.265 -16% 686,287 $33,538,575
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