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

Good morning everyone, and welcome to Friday, 27 October.

Aussie shares are poised to open higher this morning, despite a selloff on Wall Street overnight. At 8am AEST, the ASX 200 index futures was pointing up by +0.2%

On Stockhead today…

Albemarle’s Australian country manager Beverley East appeared at the WA Mining Club, and told attendees lithium will reign supreme in EV game.

Nadine McGrath spoke to the CEO of Immutep, the ASX cancer fighter that’s having a golden run of trial success.

And it wasn’t all that long ago – just July this year actually – that Victoria moved to ban gas connections for new homes from the 1 January 2024 in a move to reduce emissions and allow households to slash their energy bills. Bevis Yeo breaks down how local councils for the cities of Melbourne and Sydney are getting in on the act by agreeing to build no council facilities with fossil fuel connections by the end of the decade, and phasing out the use of fossil fuels by 2040.

But first…

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,984.29 (+0.24%)

Silver: US$22.78 (-0.48%)

Nickel (3mth): US$18,317/t (+0.24%)

Copper (3mth): US$8,032/t (-0.24%)

Oil (WTI): US$83.51 (-2.17%)

Oil (Brent): US$88.24 (-2.10%)

Iron 62pc Fe: US$118.45/t (-0.03%)

AUD/USD: 0.6324 (+0.3%)

Bitcoin: US$34,186 (-1.2%)

WHAT GOT YOU TALKING

Azure Minerals (ASX:AZS) shareholders will net a 1430% gain in just 12 months if they take up a massive offer for the lithium explorer from major shareholder SQM, one of the world’s largest lithium producer.

Lithium Energy (ASX:LEL) now has a greater level of confidence in the resources present at its Solaroz lithium brine project after upgrading the bulk of the resource – 2.4Mt LCE – into the indicated category.

Rob Badman and Josh Chiat’s lowdown on EV sales tripling by 2030, lithium market manipulation, and 5 graphite stocks.

High Voltage: #Lithium price ‘manipulation’. https://t.co/18fQSMkxdE

— Stockhead (@StockheadAU) October 25, 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 AVW Avira Resources Ltd 0.0015 50% 3,039,397 $2,133,790 CLE Cyclone Metals 0.0015 50% 10,716,539 $10,264,505 CRS Caprice Resources 0.036 44% 460,234 $2,918,923 AZS Azure Minerals 3.5 43% 80,258,613 $1,087,665,095 LSA Lachlan Star Ltd 0.095 40% 1,312,373 $14,114,977 NC6 Nanollose Limited 0.045 36% 44,753 $4,913,250 PNX PNX Metals Limited 0.004 33% 2,661,562 $16,141,874 SEG Sports Ent Grp Ltd 0.24 33% 65,571 $47,000,165 NAG Nagambie Resources 0.022 29% 1,302,588 $9,889,347 EDE Eden Inv Ltd 0.0025 25% 1,350,000 $6,727,274 MHK Metalhawk. 0.11 25% 354,310 $6,931,849 BNR Bulletin Res Ltd 0.13 24% 2,554,135 $30,827,066 HRE Heavy Rare Earths 0.07 23% 332,392 $3,447,812 MAU Magnetic Resources 0.49 23% 1,081 $8,167,545 1MC Morella Corporation 0.006 20% 2,106,538 $30,693,279 DCL Domacom Limited 0.012 20% 139,855 $4,355,018 LVT Livetiles Limited 0.006 20% 2,578,129 $5,885,553 MTL Mantle Minerals Ltd 0.003 20% 3,750,034 $15,368,615 SWP Swoop Holdings Ltd 0.215 19% 70,080 $37,477,609 HAR Harangaresources 0.16 19% 331,890 $8,884,893 WA1 Wa1Resourcesltd 6.63 18% 1,712,823 $238,138,320 DVL Dorsavi Ltd 0.013 18% 46,120 $6,123,278 GW1 Greenwing Resources 0.135 17% 784,589 $20,038,920 BFC Beston Global Ltd 0.007 17% 70,000 $11,982,281 NVQ Noviqtech Limited 0.0035 17% 160,000 $3,714,586

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Yesterday’s Small Caps highlights:

Lachlan Star (ASX:LSA) has been a huge beneficiary now DevEx Resources (ASX:DEV) has done with the canny sale of its portfolio of copper-gold exploration assets in the Lachlan Fold Belt to LSA.

In a great deal for DEV as well, the company gets 75,672,720 ordinary shares in LSA for a deemed value of $7.5 million (representing a holding of 36.46%) plus a 2% net smelter royalty.

DevEx’s managing director Brendan Bradley, and executive director Stacey Apostolou, will also join the board of LSA.

“The sale of our NSW copper-gold assets to Lachlan Star allows us to focus on the exciting emerging discoveries we have at the Nabarlek Uranium Project in the NT and Kennedy Ionic Clay-hosted REE Project in Queensland.

“The transaction will see the copper-gold portfolio become the key focus for Lachlan Star, with DevEx retaining exposure to the significant upside of these assets through our 36% shareholding,” Bradley said.

Also, Oleg Vornik’s DroneShield (ASX:DRO), the Aussie counter-drone equipment maker, is heading to Kyiv, deploying to Ukraine under the latest Aussie Government aid package.

Oleg says DRO’s received ‘multiple orders from the Australian Government as part of a $20mn military assistance package to Ukraine.’

DRO is delivering well over half of that entire package – a total value to DroneShield of $10.4mn.

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 Company Price % Volume Market Cap ME1 Melodiol Glb Health 0.004 -38% 172,760,493 $22,730,328 CHK Cohiba Min Ltd 0.002 -33% 1,045,766 $6,639,733 GCR Golden Cross 0.002 -33% 168,919 $3,291,768 HAL Halo Technologies 0.14 -30% 788,652 $25,899,043 MRD Mount Ridley Mines 0.0015 -25% 1,262,525 $15,569,766 MXC Mgc Pharmaceuticals 0.0015 -25% 1,142,275 $8,855,936 SIS Simble Solutions 0.003 -25% 1,132,461 $2,411,803 ADD Adavale Resource Ltd 0.008 -20% 4,047,107 $7,303,693 ADS Adslot Ltd. 0.004 -20% 1,675,038 $16,122,478 LNU Linius Tech Limited 0.002 -20% 41,952,252 $11,305,727 TMG Trigg Minerals Ltd 0.008 -20% 584,005 $2,493,846 YPB YPB Group Ltd 0.002 -20% 1 $1,858,654 ZAG Zuleika Gold Ltd 0.014 -18% 350,000 $8,891,861 MP1 Megaport Limited 9.52 -17% 6,065,261 $1,830,817,593 FAU First Au Ltd 0.0025 -17% 2,020,026 $4,355,980 FHS Freehill Mining Ltd. 0.0025 -17% 528,131 $8,534,403 TIG Tigers Realm Coal 0.005 -17% 125,000 $78,400,214 MGT Magnetite Mines 0.34 -16% 199,868 $31,089,845 SLZ Sultan Resources Ltd 0.017 -15% 905,335 $2,963,801 BPM BPM Minerals 0.07 -15% 179,605 $5,409,722 WML Woomera Mining Ltd 0.009 -14% 4,251,023 $10,040,043 ASR Asra Minerals Ltd 0.006 -14% 37,893 $10,126,460 AVM Advance Metals Ltd 0.003 -14% 500,000 $2,059,956 CCZ Castillo Copper Ltd 0.006 -14% 250,000 $9,096,537 EEL Enrg Elements Ltd 0.006 -14% 784,903 $7,069,755

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TRADING HALTS

Webcentral Group (ASX:WCG) – Pending an announcement by Webcentral in relation to a business and assets sale transaction

Income Asset Management Group (ASX:IAM) – Pending a capital raising by way of placement

Omnia Metals (ASX:OM1) – Pending the release of an announcement regarding a material acquisition

Iris Metals (ASX:IR1) – Pending an announcement by the company to the market regarding material exploration findings from a diamond drilling program

Findi (ASX:FND) – Pending an announcement by Findi in relation to the execution of a contract that will have a material impact on earnings

Industrial Minerals (ASX:IND) – Pending release of an announcement in relation to a proposed project acquisition

Paterson Resources (ASX:PSL) – Pending an announcement in relation to a capital raising

SportsHero (ASX:SHO) – Pending an announcement concerning a capital raising

Carnavale Resources (ASX:CAV) – Pending an announcement regarding exploration results from drilling at the company’s Kookynie Gold Project

Sabre Resources (ASX:SBR) – Pending an announcement to the market in relation to a capital raising

Mineral Commodities (ASX:MRC) – Requested as the company expects to make an announcement in connection with an accelerated non-renounceable entitlement offer

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