RISE AND SHINE: EVERYTHING YOU NEED TO KNOW BEFORE THE ASX OPENS
Good morning everyone, and welcome to 04 September, 2024 – an important date in the history of scienticians.
That’s because it was on this day in 1861 that the British Association for Advancement of Science proposed a naming convention for two important electrical measurements, naming the Volt after Allessandro Volta, and the Ohm after Georg Ohm.
Initial reactions to the naming conventions were shock, and then staunch resistance, especially among a number of amateur electricity enthusiasts who thought everything should have been named after Frank Zappa.
Luckily for you, you won’t have to wake up in a panic at 1.30 in the morning because you forgot to file a story before leaving work yesterday in order to get your hands on good pre-market info today.
That’s because – as always – we’ve worked super-hard to gather together lots of fiddly little things below, so you don’t need to go ferreting all over the internet for your ASX info this morning.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,482.18 (-0.60%)
Silver: US$27.91 (-2.12%)
Nickel (3mth): US$16,485/t (-1.68%)
Copper (3mth): US$9,057/t (-1.70%)
Zinc: US$2,842/t (+0.18%)
Oil (WTI): US$70.60 (-4.68%)
Oil (Brent): US$74.01 (-4.45%)
Iron 62pc Fe: US$93.45/t (-3.47%)
AUD/USD: 0.6719 (+1.01%)
Bitcoin: US$$57,792.24 (-2.27%)
WHAT GOT YOU TALKING
Stockhead’s newest addition to the writing stable, the inimitable Tim Boreham, has fired the opening salvo in his quest to bring the very best in health and biotech news from the ASX. Here it is, for all to enjoy.
YESTERDAY’S ASX SMALL CAP LEADERS
Here are the best performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| GED | Golden Deeps | 0.078 | 179% | 91,422,441 | $3,395,626 |
| 1TT | Thrive Tribe Tech | 0.002 | 50% | 654,503 | $611,622 |
| CTN | Catalina Resources | 0.003 | 50% | 782,712 | $2,476,974 |
| LSR | Lodestar Minerals | 0.002 | 50% | 2,500,266 | $2,650,780 |
| CYQ | Cycliq Group Ltd | 0.004 | 33% | 2,608,780 | $1,072,550 |
| EDE | Eden Inv Ltd | 0.002 | 33% | 1,036,672 | $6,162,314 |
| WEL | Winchester Energy | 0.002 | 33% | 264,153 | $2,044,528 |
| WML | Woomera Mining Ltd | 0.003 | 25% | 2,666 | $3,036,278 |
| EOF | Ecofibre Limited | 0.026 | 24% | 546,683 | $7,956,352 |
| ZMM | Zimi Ltd | 0.011 | 22% | 57,926 | $1,139,982 |
| HE8 | Helios Energy Ltd | 0.018 | 20% | 1,538,470 | $39,060,742 |
| AL8 | Alderan Resource Ltd | 0.003 | 20% | 309,334 | $3,182,153 |
| ERA | Energy Resources | 0.006 | 20% | 3,181,397 | $110,741,496 |
| LIO | Lion Energy Limited | 0.025 | 19% | 757,272 | $9,176,533 |
| FTL | Firetail Resources | 0.078 | 18% | 122,383 | $13,352,712 |
| CXM | Centrex Limited | 0.035 | 17% | 340,760 | $25,987,982 |
| AOK | Australian Oil. | 0.004 | 17% | 44,816 | $2,689,920 |
| FIN | FIN Resources Ltd | 0.007 | 17% | 424,579 | $3,895,612 |
| HHR | Hartshead Resources | 0.007 | 17% | 5,865,246 | $16,852,093 |
| NRZ | Neurizer Ltd | 0.004 | 17% | 2,407,583 | $6,543,358 |
| CTT | Cettire | 1.630 | 16% | 9,708,732 | $535,639,699 |
| ZAG | Zuleika Gold Ltd | 0.015 | 15% | 34,666 | $9,631,439 |
| M2R | Miramar | 0.016 | 14% | 8,428,101 | $5,526,914 |
| TAR | Taruga Minerals | 0.008 | 14% | 10,400 | $4,942,187 |
| NOX | Noxopharm Limited | 0.120 | 14% | 4,398,885 | $30,684,985 |
Yesterday’s Small Cap Winners included:
Golden Deeps (ASX:GED) was moving rapidly on Tuesday, climbing up to 200% after the company announced what looks like a major find at its Havilah Project in the Lachlan Fold Belt Copper-Gold Province of NSW. Portable pXRF readings – which, it should be noted, are broadly indicative only – suggest that the company has drilled into 80m of semi-massive copper and zinc sulphides, with readings of up to 18.5% Cu and 34.8% Zn.
The drill cores have been sent for assaying, and should be back in 3-6 weeks, the company says, while drilling continues to explore the site, testing the Hazelbrook anomaly 200m along strike to the northeast.
AVADA Group (ASX:AVD) was up after the company delivered its audited financials for FY24.
Alderan Resources (ASX:AL8) was up after the company sent a letter to shareholders outline the details of an entitlement offer, in the form of a pro rata non-renounceable entitlement issue of one fully paid ordinary share for every two shares held by eligible shareholders at an issue price of $0.002 a pop, with one free attaching option for every four shares applied for and issued to raise up to $1,272,861.
Energy Resources of Australia (ASX:ERA) was up slightly, coming back on stream after a pause while the company disclosed a potential takeover.
MinRex Resources (ASX:MRR) was up on news that a review and interpretation of geophysical and geological data from its 100% owned Mt Pleasant Project in the Lachlan Fold Belt of NSW has revealed 14 new targets for immediate follow up at the site.
Hartshead Resources (ASX:HHR) was moving on news that significantly improved imaging of subsurface, including Anning and Somerville fields and other discovered fields and exploration opportunities, has confirmed previous work and indicates a small increase in Gas Initially In Place.
Earlier, Noxopharm (ASX:NOX) was also moving well after the company announced substantial progress on its Chroma technology platform, with encouraging brain cancer results plus early work on leukaemia. The company says that two novel drugs developed from the Chroma platform, known as CRO-70 and CRO-71, “significantly reduced the growth of glioblastoma explants by an average of 75.94% and 75.87% respectively versus the untreated controls”.
Further down the list, Knosys (ASX:KNO) was rising gently on news that the Office of the Director of Public Prosecutions for Western Australia has awarded a five year contract for the use of Knosys’ market leading knowledge management platform, KnowledgeIQ, with two options of one year each to extend the contract to a total term of seven years.
Drones have been flying over Renegade Exploration (ASX:RNX)’s Mongoose prospect at its Cloncurry copper-gold project where it’s identified an Ernest Henry-style IOCG system, with the hope that the data will reveal a better understanding of what’s below the surface.
Over 130 line kilometres were completed by the flying saucers and results will inform target delineation ahead of a new drilling campaign RNX plans to kick off.
Stelar Metals (ASX:SLB) said high-grade copper gossans containing up to 22% Cu have been assayed from rock chips at SLB’s Baratta project in South Australia. Results have revealed a significant, third parallel copper-bearing gossan extending the eastern zone of mineralisation at the project and “reinforce the consistency of copper-grade along the mapped 3.6km strike of multiple stacked copper-rich gossans”, notes the explorer. What’s a gossan you may ask? Well… (give me a minute to remember) ahh yes – gossans are basically iron and manganese oxides that overlay potentially major sulphide-based ore deposits of copper and other base metals.
SLB reckons Baratta has striking similarities to the Central African Copper Belt that spans the DRC and Zambia – where ~20% of the world’s copper is currently mined.
And PolarX (ASX:PXX) has intersected more copper at its Caribou Dome prospect in Alaska, drilling into 15.5m at 7.4% Cu + 21.4 g/t Ag, including 8.1m at 11.4% Cu and 35.8g/t Ag, with extensional drilling, underneath the previously reported finds of 9.1m at 7.0% Cu + 11.2 g/t Ag and 9.8m at 6.8% Cu + 7.8 g/t Ag from surface.
YESTERDAY’S ASX SMALL CAP LAGGARDS
Here are the worst performing ASX small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
| Code | Name | Price | % Change | Volume | Market Cap |
|---|---|---|---|---|---|
| 88E | 88 Energy Ltd | 0.002 | -33% | 3,730,886 | $86,801,436 |
| MTB | Mount Burgess Mining | 0.001 | -33% | 371 | $1,947,220 |
| OZM | Ozaurum Resources | 0.035 | -26% | 1,344,619 | $7,461,250 |
| CNJ | Conico Ltd | 0.002 | -25% | 750,000 | $4,403,055 |
| CRB | Carbine Resources | 0.003 | -25% | 250,000 | $2,206,951 |
| TIG | Tigers Realm Coal | 0.003 | -25% | 30,000 | $52,266,809 |
| FRS | Forrestaniaresources | 0.012 | -20% | 1,917,180 | $2,426,786 |
| ECT | Env Clean Tech Ltd. | 0.002 | -20% | 50,000 | $7,929,526 |
| VFX | Visionflex Group Ltd | 0.004 | -20% | 142,464 | $14,589,123 |
| VML | Vital Metals Limited | 0.002 | -20% | 1,048,798 | $14,737,667 |
| SCN | Scorpion Minerals | 0.013 | -19% | 400,000 | $6,551,299 |
| S2R | S2 Resources | 0.090 | -18% | 1,547,603 | $49,814,379 |
| VR1 | Vection Technologies | 0.013 | -17% | 775,220 | $16,898,835 |
| YRL | Yandal Resources | 0.125 | -17% | 71,453 | $40,171,142 |
| AD1 | AD1 Holdings Limited | 0.005 | -17% | 82,106 | $6,584,090 |
| IXR | Ionic Rare Earths | 0.005 | -17% | 7,608,607 | $29,218,576 |
| RCR | Rincon | 0.026 | -16% | 4,970,969 | $9,069,435 |
| PLC | Premier1 Lithium Ltd | 0.011 | -15% | 191,246 | $2,269,463 |
| HTG | Harvest Tech Grp Ltd | 0.017 | -15% | 1,104,450 | $16,334,852 |
| KM1 | Kalimetalslimited | 0.150 | -14% | 136,165 | $13,444,834 |
| NIS | Nickelsearch | 0.018 | -14% | 2,231,089 | $4,484,391 |
| ADD | Adavale Resource Ltd | 0.003 | -14% | 9,991,386 | $4,240,012 |
| ASP | Aspermont Limited | 0.006 | -14% | 1,368,960 | $17,290,081 |
TRADING HALTS
Hancock & Gore (ASX:HNG) – pending an announcement by the company in relation to a corporate transaction and equity capital raising.
Osmond Resources (ASX:OSM) – pending an announcement in connection with a material acquisition and capital raising.
Black Rock Mining (ASX:BKT) – pending the release of an announcement regarding a strategic investment in the company.
Blue Star Helium (ASX:BNL) – pending the release of an announcement regarding a capital raising.
Hastings Technology Metals (ASX:HAS) – pending an announcement regarding a maiden Niobium Measured and Indicated Resource.
Rimfire Pacific Mining (ASX:RIM) – pending an announcement in relation to a mineral resources estimate.
At Stockhead, we tell it like it is. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The post Rise and Shine: Everything you need to know before the ASX opens appeared first on Stockhead.
2024-09-03T20:03:34Z dg43tfdfdgfd