Rise and Shine: Everything you need to know before the ASX opens

Good morning everyone, and welcome to Tuesday, 14 November.

On Stockhead today…

A small resource that sits at the surface could potentially be more valuable than a large one at depth as developing the former could be as simple as getting a bulldozer to dig out the material while a deeper deposit might need extensive tunnels – also known as adits – to access them. With that in mind, Bevis Yeo has spilled out the companies that are poised to release maiden resources for their respective projects within the next six months.

But first..

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,934.68 (-0.10%)

Silver: US$22.00 (-0.98%)

Nickel (3mth): US$17,813/t (-0.3%)

Copper (3mth): US$8,147/t (-0.4%)

Oil (WTI): US$76.23 (-1.22%)

Oil (Brent): US$80.47 (-1.18%)

Iron 62pc Fe: US$128.07/t (+0.54%)

AUD/USD: 0.6361 (+004%)

Bitcoin: US$36,928 (+0.02%)

WHAT GOT YOU TALKING

Experts believe China’s move last month to introduce graphite export permits from December could potentially disrupt supply chains, raise costs, and affect production. Others believe it presents an opportunity for countries outside of China to diversify their sourcing and reduce dependence on the Middle Kingdom. We looked at countries like Australia, with graphite stocks like these four.

Strickland Metals (ASX:STK) says the first four diamond holes into the Marwari discovery in WA have intersected the same –albeit thicker – gold-rich rocks as the discovery hole, which pulled up 31m at 5.6g/t from ~70m.

And this…

Greenvale Energy’s goal of becoming Australia’s only domestic end to end supplier of bitumen products has received a shot in the arm after resources at its Alpha Torbanite project in Queensland were upgraded to 28Mt. https://t.co/ZDNdDTwm7d #ad #ASX $GRV

— Stockhead (@StockheadAU) November 13, 2023

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 Company Price % Volume Market Cap ASR Asra Minerals Ltd 0.015 88% 30,197,508 $11,573,097 4DX 4Dmedical Limited 0.765 66% 6,303,446 $159,374,677 RON Roninresourcesltd 0.175 40% 382,940 $4,274,762 INF Infinity Lithium 0.115 35% 6,541,283 $39,320,328 MAU Magnetic Resources 0.66 35% 2,000 $10,005,242 FNX Finexia Financialgrp 0.295 26% 21,363 $11,374,635 FAU First Au Ltd 0.0025 25% 250,000 $2,903,987 GTG Genetic Technologies 0.0025 25% 127,944 $23,083,316 BMG BMG Resources Ltd 0.011 22% 580,374 $5,704,174 RGL Riversgold 0.011 22% 4,500,141 $8,561,353 PTX Prescient Ltd 0.07 21% 6,314,132 $46,708,548 TG6 Tgmetalslimited 1.07 20% 4,023,450 $35,868,371 EVR Ev Resources Ltd 0.012 20% 567,309 $9,447,798 BC8 Black Cat Syndicate 0.26 18% 1,567,496 $66,828,375 CSX Cleanspace Holdings 0.295 18% 28,513 $19,281,401 CDR Codrus Minerals Ltd 0.066 18% 298,101 $4,886,000 ITM Itech Minerals Ltd 0.165 18% 314,952 $17,105,699 ACW Actinogen Medical 0.021 17% 1,827,889 $40,573,082 AZL Arizona Lithium Ltd 0.042 17% 79,152,772 $119,476,297 BFC Beston Global Ltd 0.007 17% 186,475 $11,982,281 ENV Enova Mining Limited 0.007 17% 1,750,000 $3,845,576 SI6 SI6 Metals Limited 0.007 17% 19,806,773 $11,963,157 SKN Skin Elements Ltd 0.007 17% 1,824,128 $3,536,917 ELD Elders Limited 7.17 16% 2,559,072 $967,025,227 MCE Matrix C & E Ltd 0.29 16% 787,856 $54,887,641

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Yesterday’s Small Caps highlights:

Infinity Lithium (ASX:INF) has secured significant Spanish government funding for its headline act, the San José lithium project joint venture entity Tecnología Extremeña del Litio for advancement of said project – which, you can probably gather, is in Spain.

It’s an award of €18.8 million (A$31 million) grant funding from the government’s Ministry of Industry, Trade and Tourism, and INF’s MD and CEO Ryan Parkin is describing it as a “significant milestone” for Infinity Lithium and the San José lithium project, of which it owns 75%.

On the way up again is the junior explorer Ronin Resources (ASX:RON) rising strongly on Monday, living off the lithium fumes of last week.

Beyond its flagship Colombian projects, including Vetas, a large, high-grade thermal coal operation, it’s also joined the recent frothy hunt for white gold in Canada. Lithium, that is.

It’s been focusing on the Hornby Lake lithium project in Ontario, where, about a week ago on Nov 6, it confirmed the sighting of numerous pegmatites, which it’s in the process of assessing for LCT-based mineralisation. Those assay results are expected some time in December.

And Aussie imaging tech specialist 4D Medical (ASX:4DX) says that from January 1 next year, the notoriously difficult American healthcare world will start helping notoriously troubled American patients.

4DX surged on the news its scanning device has been included into the US Centers for Medicare & Medicaid Services (CMS) – which is the US federal agency providing health coverage through Medicare and the rest of those weird US health things.

So from 1 January 2024, XV LVAS scans conducted in a US hospital outpatient facility for Medicare patients can be billed to CMS. Some 65.7 million Americans are enrolled in the program.

Also out of the medtech space, an update from Cleanspace (ASX:CSX) has the stock higher on Monday. October sales have continued growth trend up some +50% v PCP, and currently, CSX is running ahead of expectations for sales growth in FY24.

YESTERDAY’S ASX SMALL CAP LAGGARDS

Swipe or scroll to reveal full table. Click headings to sort:

Code Company Price % Volume Market Cap TWE Treasury Wine Estate 0.079 -71% 731,668 $21,006,164 PVS Pivotal Systems 0.001 -67% 11,690,764 $2,305,138 AMD Arrow Minerals 0.001 -50% 131,825,006 $6,047,530 RR1 Reach Resources Ltd 0.0065 -46% 153,307,497 $38,523,565 AL8 Alderan Resource Ltd 0.008 -38% 46,463,524 $8,017,030 EMU EMU NL 0.001 -33% 5,000,000 $2,501,282 VPR Volt Power Group 0.001 -33% 654,675 $16,074,312 KEY KEY Petroleum 0.0015 -25% 1,000,000 $3,935,856 TNY Tinybeans Group Ltd 0.135 -25% 28,361 $15,090,947 GSM Golden State Mining 0.019 -24% 7,102,543 $4,777,207 ALV Alvomin 0.23 -23% 870,463 $27,939,094 GSN Great Southern 0.022 -21% 362,033 $21,129,785 BCT Bluechiip Limited 0.02 -20% 1,269,552 $19,677,202 CRB Carbine Resources 0.004 -20% 174,200 $2,758,689 EDE Eden Inv Ltd 0.002 -20% 653,679 $8,409,092 MCT Metalicity Limited 0.002 -20% 8,467,437 $10,627,715 OSL Oncosil Medical 0.008 -20% 436,802 $19,758,411 5EA 5Eadvanced 0.275 -19% 967,944 $103,368,874 IVZ Invictus Energy Ltd 0.185 -18% 18,266,301 $290,435,443 SKS SKS Tech Group Ltd 0.185 -18% 29,154 $24,704,855 ZEO Zeotech Limited 0.043 -17% 5,127,347 $89,877,999 NYM Narryermetalslimited 0.12 -17% 292,058 $6,959,069 KNI Kunikolimited 0.25 -17% 37,442 $25,771,880 ME1 Melodiol Glb Health 0.0025 -17% 109,868,737 $11,502,311 VFX Visionflex Group Ltd 0.01 -17% 30,000 $17,003,894

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TRADING HALTS

Nanollose (ASX:NC6) – Capital raising

Tivan (ASX:TVN) – Pending an announcement of a long-term commercial and strategic partnership agreement

Delta Lithium (ASX:DLI) – Pending an announcement

88 Energy (ASX:88E) – Pending announcement

Findi (ASX:FND) – Pending announcement

First Lithium (ASX:FL1) – Pending additional information in relation to the announcement released yesterday

Neometals (ASX:NMT) – Pending an announcement to clarify the “visually estimated spodumene” as referred to in yesterday’s announcement entitled “Neometals Discovers Spodumene-bearing Pegmatite at Spargos”

Yojee (ASX:YOJ) – Proposed capital raising

Osmond Resources (ASX:OSM) – Pending an announcement to be made by the Company to the market in connection with the acquisition of a material project

Fertoz (ASX:FTZ) – Pending the release of an announcement relating to a capital raise

Kula Gold (ASX:KGD) – Pending an announcement by the Company regarding a capital raise and commencement of drilling at the Company’s Cobra Lithium Prospect within the Kirup Project

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