On Stockhead today, smart answers to dumb questions about NFTs, Lunnon’s bid for historic nickel glory, and why lithium will slump in 2023.

But first … the day ahead.



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

Musgrave Minerals (ASX:MGV) – Capital raise

EP&T Global (ASX:EPX) – Capital raise



Gold: $US1,736.55(-0.21%)

Silver: $US20.991(-042%)

Nickel (3mth): $US26,022/t

Copper (3mth): $US8,013/t

Lithium Carbonate, China (Benchmark Minerals Intelligence, NOV 16): $US77,900/t (+0.7% weekly, +127.4% year-to-date)

Lithium Hydroxide, China (Benchmark Minerals Intelligence, NOV 16): $US77,275/t (+0.7% weekly, +171.2% year-to-date)

Oil (WTI): $US80.690 (-0.32%)

Oil (Brent): $US88.199 (-0.18%)

Iron 62pc Fe: $US97.00 (-0.51%)

AUD/USD: 0.66430 (-0.08%)

Bitcoin: $US16,507.22 (+4.28%)



A bunch of readers have already voted in our poll – make sure you don’t miss out.


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.



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

Scroll or swipe to reveal table. Click headings to sort.

Wordpress Table Plugin


Gold explorer Codrus Minerals (ASX:CDR) was leading the pack after buying into a niobium-rich rare earths project called Karloning in the WA wheatbelt.

Popularised by WA1 Resources’ (ASX:WA1) recent discovery on the WA/NT border, niobium is mainly used to make steel better, but also has growing uses in lithium-ion batteries, intelligent glass, solar panels, 5G tech, and nuclear energy.

Ferroniobium metal (65% Nb) sells for ~US$45,000/t.

CDR has inked a deal to earn up to 90% of Karloning, where a large 1.5km long and 200m wide pegmatite has been shown to host niobium alongside magnet REEs like dysprosium, neodymium, terbium, and praseodymium.

Early-stage rock/soil sampling returned highly anomalous REEs and +5000ppm (0.5%) niobium.

(Because 5000ppm is the detection limit of the tech used, assays are awaited for exact numbers, which will probs be higher.)

“We believe the pegmatite has significant scale, and grab sampling has returned impressive grades of the four key REEs required in the manufacture of permanent rare earth magnets,” MD Shannan Bamforth says.

“This is a walk-up exploration opportunity, and we are looking forward to getting on the ground as soon as possible to commence initial exploration activities with a view to firming up targets for drilling in early 2023.”

Initial work programs at the site include soil sampling and either drone or ground magnetics and ground radiometric surveys “as a priority”.

The results of these surveys will underpin the maiden drilling program, planned for Q1 CY2023.

BSA (ASX:BSA) is selling off its APS Maintain business to NYSE-listed Fortune 150 mob CBRE Group, for a smart $20 million.

The company says the transaction will enable it to focus on the telecommunication, utility and major fire construction sectors. 

“The business has a leading position and remains committed to successfully delivering work for key clients including nbn, Foxtel, and tier one contractors,” BSA said.

“The Australian and New Zealand outsourced telecommunications services market is expected to grow at over 6% CAGR from FY22-261 to A$11.8bn, with BSA well placed to pursue significant growth opportunities in such services following the divestment.” 

Mitre Mining (ASX:MMC) announced it’s buying the East Pilbara Lithium and Mount Alexander Lithium Projects.

The East Pilbara project has known pegmatite outcropping and high priority untested lithium stream sediment anomalies, the company says.

The unexplored Mount Alexander project is in the Mt Ida district near Red Dirt (ASX:RDT)Zenith Minerals (ASX:ZNC), and St George Mining (ASX:SGQ).



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

Scroll or swipe to reveal table. Click headings to sort.

Wordpress Table Plugin