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 |
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 |