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

Good morning everyone, and welcome to Friday, December 1st.

Aussie shares are poised to slide lower on the first day of December after a mixed day on Wall Street. At 8am AEDT, the ASX 200 index futures was pointing down by -0.1%.

On Stockhead today…

S2 Resources (ASX:S2R) has begun a maiden drilling program at its Greater Fosterville project. The Mark Bennett-led explorer won the Victorian Government tender for the 394km2 tenement surrounding Agnico Eagle’s Fosterville gold mine in 2021. But can it find a repeat of Fosterville’s famous ~50g/t Swan Zone?

‎And Nadine McGrath’s got all the tech winners for November as the sector stretches its lead over the benchmark this year.

First, the day ahead…

TRADING HALTS

Memphasys (ASX:MEM) – Pending an announcement regarding capital raising

RocketDNA (ASX:RKT) – Pending an announcement regarding a capital raising

Estrella Resources (ASX:ESR) – Pending an announcement regarding the outcome of the awards ceremony in Dili for its Timor Leste Minerals Tender

Apollo Minerals (ASX:AON) – Pending an announcement regarding a capital raising

Surefire Resources (ASX:SRN) – Pending an announcement in relation to a Pre-feasibility Study having been completed

EV Resources (ASX:EVR) – Pending an announcement regarding a capital raising

Advanced Health Intelligence (ASX:AHI) – Pending the release of an announcement in relation to an agreement with a new partner

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$2,032.38 (-0.60%)

Silver: US$25.27 (+1.04%)

Nickel (3mth): US$17,122/t (+2.12%)

Copper (3mth): US$8,415/t (-0.68%)

Oil (WTI): US$75.71 (-2.76%)

Oil (Brent): US$80.47 (-2.90%)

Iron 62pc Fe: US$130.46/t (+0.06%)

AUD/USD: 0.6606 (-0.21%)

Bitcoin: US$37,790 (+0.02%)

WHAT GOT YOU TALKING

Clarity Pharmaceuticals (ASX:CU6) rose 8% this morning after results from its theranostic trial, SECuRE, evaluating 64Cu/67Cu-SAR-bisPSMA in patients with mCRPC (metastatic castration-resistant prostate cancer), showed that a patient had a drop in their PSA level to undetectable levels.

And then there was this…

With a revolutionary #erectile #dysfunction nasal spray product in the works and an #ASX listing in sight, LTR Pharma looks to be on the way up. #health #biotech https://t.co/Fs0vxFp7o4

— Stockhead (@StockheadAU) November 29, 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 WEC White Energy Company 0.002 100% 5,526 $68,406 CPM Coopermetalslimited 0.425 63% 19,951,032 $16,183,869 CRB Carbine Resources 0.006 50% 1,103,480 $2,206,951 KEY KEY Petroleum 0.0015 50% 310,000 $1,967,928 TZN Terramin Australia 0.039 39% 369,671 $59,263,756 PLG Pearlgullironlimited 0.043 34% 79,404 $6,545,337 IEC Intra Energy Corp 0.004 33% 2,497,250 $4,982,345 PAB Patrys Limited 0.008 33% 4,313,244 $12,344,684 WGR Westerngoldresources 0.037 32% 739,333 $4,303,275 DMG Dragon Mountain Gold 0.013 30% 144,508 $3,946,717 CHK Cohiba Min Ltd 0.0025 25% 400,000 $4,426,488 TSI Top Shelf 0.185 23% 160,660 $31,112,379 R3D R3D Resources Ltd 0.05 22% 341,466 $6,247,235 EXT Excite Technology 0.009 20% 2,586,798 $9,069,313 OPT Opthea Limited 0.5 19% 901,725 $278,379,626 ODY Odyssey Gold Ltd 0.026 18% 619,923 $16,841,832 WCN White Cliff Min Ltd 0.013 18% 18,373,733 $14,042,153 BPH BPH Energy Ltd 0.04 18% 19,397,269 $34,867,424 BFC Beston Global Ltd 0.007 17% 1,384,182 $11,982,281 IBG Ironbark Zinc Ltd 0.007 17% 2,508,522 $8,843,236 KNM Kneomedia Limited 0.0035 17% 327,593 $4,599,814 MOM Moab Minerals Ltd 0.007 17% 141,150 $4,271,781 PUA Peak Minerals Ltd 0.0035 17% 282,334 $3,124,130 ATV Activeportgroupltd 0.115 15% 20,872 $31,714,787 LDR Lode Resources 0.115 15% 211,368 $10,678,415

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Yesterday’s Small Caps highlights:

Cooper Metals (ASX:CPM) found more copper at its Brumby Ridge Prospect at the Mt Isa East Cu-Au project.

The latest assays look convincing – and the company says they “confirm bonanza copper grades” at Brumby Ridge.

For example, the drill hole called 23MERC028, returned:

– 71m @ 2.8% Cu & 0.05 g/t Au from 115m to end of hole at 186m, including: 24m @ 5.4% Cu and 0.10g/t Au from 115m hole 23MERC028 ended in mineralisation – 3m @ 1.88% Cu.

The company says that of the 5 drill holes to date, three have hit significant mineralisation and finished in mineralisation.

Meanwhile, Dragon Mountain Gold (ASX:DMG) has held its AGM.

The voting’s done and there was almost wholesale backing of the various resolutions including a 99.97% vote in favour of changing the company name.

Shares are up 50% so it must be a right cracker of a name – ‘cos Dragon Mountain Gold was pretty bloody good already.

YESTERDAY’S ASX SMALL CAP LAGGARDS

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

Code Company Price % Volume Market Cap NPM Newpeak Metals 0.027 -73% 947,502 $9,995,579 LBT LBT Innovations 0.012 -33% 752,160 $20,806,206 ADS Adslot Ltd. 0.002 -33% 14,933,927 $9,673,487 AMD Arrow Minerals 0.001 -33% 23,800,000 $4,535,648 4DS 4Ds Memory Limited 0.075 -29% 47,724,399 $183,601,416 BP8 Bph Global Ltd 0.0015 -25% 500,000 $3,231,126 CYQ Cycliq Group Ltd 0.003 -25% 49,001 $1,430,067 MCT Metalicity Limited 0.0015 -25% 4,233,247 $8,502,172 EWC Energy World Corpor. 0.016 -20% 1,997,185 $61,578,425 WIN Widgienickellimited 0.11 -19% 1,580,572 $40,222,582 SRH Saferoads Holdings 0.09 -18% 20,000 $4,120,796 BCA Black Canyon Limited 0.115 -18% 98,156 $9,239,212 CXU Cauldron Energy Ltd 0.014 -18% 7,369,564 $19,246,778 NFL Norfolkmetalslimited 0.37 -17% 1,389,764 $15,719,623 LVT Livetiles Limited 0.005 -17% 60,000 $7,062,664 PKO Peako Limited 0.005 -17% 18,608 $3,162,508 CCE Carnegie Cln Energy 0.052 -15% 681,070 $19,084,062 AQX Alice Queen Ltd 0.006 -14% 434,951 $1,018,444 AVE Avecho Biotech Ltd 0.003 -14% 120,000 $11,092,540 CBH Coolabah Metals Limi 0.06 -14% 40,000 $4,046,000 EEL Enrg Elements Ltd 0.006 -14% 2,502,659 $7,069,755 IVX Invion Ltd 0.006 -14% 351,637 $44,951,425 LNR Lanthanein Resources 0.006 -14% 20,710 $7,851,029 RLC Reedy Lagoon Corp. 0.006 -14% 168,000 $4,316,785 VRC Volt Resources Ltd 0.006 -14% 1,034,629 $28,910,747

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