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

Good morning everyone, and welcome to Wednesday, 15 November.

On Stockhead today…

Despite increased internet usage and tremendous growth, more than 350 million Indians are still either unbanked or underbanked. Eddy Sunarto spoke to ASX fintech Findi’s non-executive chairman, Nicholas Smedley, to see how the company is working to grab this opportunity.

Slow progress of acceptance in legal and medical circles globally has seen ASX cannabis stocks face volatility. Nadine McGrath spoke to MGC Pharma’s managing director and CEO Roby Zomer, who said MXC has undergone a significant transformation in recent years, distancing itself from the classification of a cannabis company.

But first..

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,945.80 (-0.02%)

Silver: US$22.39 (+0.40%)

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

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

Oil (WTI): US$78.42 (+0.19%)

Oil (Brent): US$82.48 (-0.03%)

Iron 62pc Fe: US$128.34/t (+0.21%)

AUD/USD: 0.6370 (-0.15%)

Bitcoin: US$36,700 (-0.89%)

WHAT GOT YOU TALKING

Already credited with driving Spartan Resources’ (ASX:SPR) transformation, the high-grade Never Never deposit looks poised to deliver the next phase of growth after drilling returned a monstrous 1,093g/t intercept and more visible gold.

Altech Batteries (ASX:ATC) has increased the Silumina project DFS output eightfold from 15 GWh to 120 GWh to produce 8,000tpa of alumina-coated metallurgical silicon for the electric vehicle market. It’s enough to outfit 400 Victorian big batteries.

And this…

While juniors are pursuing critical minerals such as lithium or rare earths, Greenvale is taking a distinctly unique tack with three-pronged strategy into bitumen, geothermal energy and helium – all potentially lucrative in their own right. https://t.co/IPwBp7IYvB #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 MTC Metalstech Ltd 0.22 83% 2,436,757 $22,632,551 CPM Coopermetalslimited 0.22 57% 9,935,336 $7,450,471 RDN Raiden Resources Ltd 0.07 49% 152,109,173 $112,146,570 AVE Avecho Biotech Ltd 0.005 43% 11,638,553 $9,444,022 ERW Errawarra Resources 0.19 41% 6,075,852 $12,949,290 ADS Adslot Ltd. 0.004 33% 1,129,329 $9,673,487 SBR Sabre Resources 0.046 28% 26,458,483 $12,858,795 MAG Magmatic Resrce Ltd 0.074 28% 843,165 $17,730,182 YRL Yandal Resources 0.07 27% 1,211,449 $8,679,169 FNX Finexia Financialgrp 0.285 27% 25,043 $10,890,608 CRB Carbine Resources 0.005 25% 500,000 $2,206,951 ME1 Melodiol Glb Health 0.0025 25% 7,193,695 $7,668,207 MKL Mighty Kingdom Ltd 0.02 25% 50,000 $6,725,914 AKO Akora Resources 0.175 21% 62,611 $13,772,508 ESR Estrella Res Ltd 0.006 20% 5,602,873 $8,795,359 MEL Metgasco Ltd 0.012 20% 468,846 $10,638,867 EEG Empire Energy Ltd 0.16 19% 1,140,984 $104,371,355 CXU Cauldron Energy Ltd 0.013 18% 11,815,283 $12,453,798 FFG Fatfish Group 0.013 18% 863,416 $13,092,637 EMS Eastern Metals 0.033 18% 113,849 $2,307,935 LRD Lordresourceslimited 0.081 17% 90,551 $2,562,116 ATH Alterity Therap Ltd 0.007 17% 733,888 $14,639,386 LML Lincoln Minerals 0.007 17% 4,705,885 $10,163,072 LRL Labyrinth Resources 0.007 17% 14,020 $7,125,262 TOY Toys R Us 0.014 17% 4,180,154 $11,789,562

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Yesterday’s Small Caps highlights:

MetalsTech (ASX:MTC) has made short work of Tuesday, ahead by about 125% when we last looked at about 3pm.

MTC yesterday shared some fine, fine results of a Scoping Study the team have done at its 100%-owned Sturec Gold Mine in central Slovakia.

“The Study confirms Sturec Gold Mine can support a Base Case scenario with an underground-only mining operation delivering gold and silver concentrate production of ~1.134Moz AuEq production over an initial mine life of 9 years at 2.3Mtpa plant production capacity.”

The digger says, based on a forecast gold price of US$1,850/oz (Consensus LT Forecast), the Sturec Gold Mine ‘exhibits an operating margin of >200%.’

In another cracking update, Cooper Metals (ASX:CPM) said it had some significant assay results in hand from its Brumby Ridge and Raven Cu-Au Prospects at the Mt Isa East Cu-Au Project.

Initial RC drill hole 23MERC024 intercepted 50m at 1.32% Cu from 80m including 2m @ 6.1% Cu & 0.23g/t Au at the Brumby Ridge Cu-Au Prospect, which is the best assayed drill intercept at the Mt Isa East Cu-Au Project to date.

Also making progress yesterday, Kingfisher Mining (ASX:KFM), after lobbing an update from its ongoing exploration at Mick Well within the highly prospective Gascoyne Province.

KFM executice director and CEO James Farrell says they’re seeing some significant additional carbonatites and REE mineralisation.

“The latest discoveries confirm Mick Well is a very large and exciting REE system that extends over an area of more than 7km by 4km.

YESTERDAY’S ASX SMALL CAP LAGGARDS

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

Code Company Price % Volume Market Cap AQX Alice Queen Ltd 0.008 -43% 2,924,943 $1,771,208 TWE Treasury Wine Estate 0.053 -34% 581,072 $6,110,884 AMD Arrow Minerals 0.0015 -25% 5,000,000 $6,047,530 CCE Carnegie Cln Energy 0.0015 -25% 4,090,239 $31,285,147 CT1 Constellation Tech 0.003 -25% 156,666 $5,884,801 XF1 Xref Limited 0.135 -25% 498,228 $33,511,732 EYE Nova EYE Medical Ltd 0.145 -22% 2,298,638 $35,266,345 FAU First Au Ltd 0.002 -20% 2,485,133 $3,629,983 LBT LBT Innovations 0.004 -20% 653,249 $1,779,502 RMX Red Mount Min Ltd 0.004 -20% 12,469,106 $13,367,880 BRU Buru Energy 0.11 -19% 625,204 $80,465,816 PH2 Pure Hydrogen Corp 0.12 -17% 2,469,076 $51,498,510 NGL Nightingale Intel 0.044 -17% 23,518 $5,693,993 NYM Narryermetalslimited 0.1 -17% 120,000 $5,759,229 AUH Austchina Holdings 0.0025 -17% 816,356 $6,233,651 ICN Icon Energy Limited 0.005 -17% 175 $4,608,082 LVT Livetiles Limited 0.005 -17% 29,437 $7,062,664 RML Resolution Minerals 0.005 -17% 3,553,515 $7,543,751 NAG Nagambie Resources 0.031 -16% 1 $21,523,874 MCL Mighty Craft Ltd 0.0105 -16% 3,993,290 $4,555,531 3PL 3P Learning Ltd 0.96 -16% 139,470 $313,216,457 KPO Kalina Power Limited 0.004 -16% 222,778 $7,197,180 AMM Armada Metals 0.028 -15% 71,500 $5,694,746 ALM Alma Metals Ltd 0.006 -14% 4,827,629 $7,798,006 BFC Beston Global Ltd 0.006 -14% 1,612,000 $13,979,328

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