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

Good morning everyone, and welcome to the last trading day of the month, Tuesday, 31 October.

On Stockhead today…

Stockhead’s ‘Garimpeiro’ columnist Barry FitzGerald is back in the studio for another instalment of The Explorers Podcast. In this episode, Barry chats to Dave O’Neill, managing director at American West Metals (ASX:AW1)

The Canadian main board, the TSX, has been a dire place to be a miner in 2023, with almost two-thirds of our tracked TSX & TSX-V stocks losers over the past 12 months. Only 318 of 1123 on our TSX watchlist are in the green since November last year. Josh Chiat checks out four explorers up 600% or more in the past year.

Also, wine. Lots and lots of it. In Sydney, where our esteemed friends at The Aus are hosting an epic tasting event – and John Lehmann’s got some of the 130 stars profiled for you here, plus where to get tix.

That is a lot of swooshing and not actually spitting.

But first..

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,993.65 (-0.62%)

Silver: US$23.10 (-0.19%)

Nickel (3mth): US$18,079/t (-1.30%)

Copper (3mth): US$7,985.50/t (-0.58%)

Oil (WTI): US$84.00 (-1.81%)

Oil (Brent): US$88.75 (-1.90%)

Iron 62pc Fe: US$118.55/t (+0.08%)

AUD/USD: 0.6364 (+0.44%)

Bitcoin: US$34,425 (+0.60%)

WHAT GOT YOU TALKING

Why Shaw and Partners analyst Peter Kormendy says graphite prices will have to rise to incentivise new mines.

How Zeotech (ASX:ZEO) is on track to become Australia’s first producer of ‘advanced material’ zeolite.

And this…

Stockhead’s Christian Edwards was recently invited to Reach’s investor lunch. Between entrée and dessert, they talked Artificial Intelligence, Renewables, Medtech, Tech Tech and Critical Minerals.

There’s *nothing* like the face-to-face. Investor, start-up or punter. https://t.co/0mr7FRgMEZ

— Stockhead (@StockheadAU) October 30, 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 WCG Webcentral Ltd 0.305 177% 34,029,854 $36,203,885 IND Industrial Minerals 1.005 123% 5,770,692 $28,971,000 NZS New Zealand Coastal 0.003 50% 9,752,952 $3,334,020 TOR Torque Met 0.22 42% 2,739,165 $18,704,626 AYT Austin Metals Ltd 0.007 40% 62,882 $5,079,373 IVX Invion Ltd 0.007 40% 3,887,216 $32,108,161 BNR Bulletin Res Ltd 0.17 36% 4,303,400 $36,698,888 HRE Heavy Rare Earths 0.095 36% 209,881 $4,234,155 AVW Avira Resources Ltd 0.002 33% 248,516 $3,200,685 MSI Multistack International 0.004 33% 86,000 $408,912 MTL Mantle Minerals Ltd 0.004 33% 41,523,795 $18,442,338 SIS Simble Solutions 0.004 33% 800,109 $1,808,852 PEC Perpetual Res Ltd 0.021 31% 1,054,797 $9,898,653 ZGL Zicom Group Limited 0.06 30% 200,000 $9,869,760 AMM Armada Metals 0.026 30% 37,021 $2,571,361 LBT LBT Innovations 0.005 25% 1,750,400 $1,423,601 OAR OAR Resources Ltd 0.005 25% 1,328,648 $10,452,543 SFG Seafarms Group Ltd 0.005 25% 500,427 $19,346,397 TMX Terrain Minerals 0.005 25% 320,000 $5,030,575 YPB YPB Group Ltd 0.0025 25% 125,000 $1,486,923 MTC Metalstech Ltd 0.18 24% 7,560 $27,347,666 1CG One Click Group Ltd 0.016 23% 23,986,148 $7,996,277 CAI Calidus Resources 0.195 22% 5,427,225 $97,260,778 TPC TPC Consolidated Ltd 7.6 22% 19,331 $70,892,856 ERW Errawarra Resources 0.175 21% 2,572,553 $10,078,080

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Yesterday’s Small Caps highlights:

TG Metals (ASX:TG6) is up almost 220% after announcing first drill holes into the Burmeister lithium soil anomaly within the Lake Johnson Project intersected high grade mineralisation up to 2.28% Li2O. Five of the six holes completed intersected pegmatite with all pegmatite intervals hosting lithium mineralisation in spodumene.

Larvotto Resources (ASX:LRV) jumped, perhaps as Barry Fitz outlined news of its stunner of a deal to acquire the Hillgrove gold-antimony mine near Armidale in NSW for the knockdown price of $8 million, including $4.89m in replacement environmental bonds.

As Our Barry says: “It is a rare thing for a junior explorer to have a 1 million-ounce plus gold resource under its belt within two years of listing.”

Cosmos Exploration (ASX:C1X) has jumped after an update on exploration activities at its prospective Corvette Far East Lithium Project and Lasalle Project, located in Canada’s James Bay, near the CV5 lithium discovery by Patriot Battery Metals (ASX:PMT).

Multi-commodity explorer Eclipse Metals (ASX:EPM) is up after announcing it has secured $2.3 million in funding from institutional investor Pioneer Resources Partners to fund exploration and general working capital.

Gold explorer Tietto Minerals (ASX:TIE) is also on the winners list – up 34% – after receiving an off-market takeover offer from Zhaojin Capital to acquire all shares it doesn’t already own in the company for 58 cents/share or a 38% premium to the last close. Zhaojin started building up its holding in TIE last year and is the company’s second biggest shareholder behind Chijin International HK, with around 7% of its shares.

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 CLE Cyclone Metals 0.001 -50% 3,979,292 $20,529,010 MXC MGC Pharmaceuticals 0.001 -50% 2,180,264 $8,855,936 CC9 Chariot Corporation 0.255 -43% 4,097,408 $32,999,206 HCT Holista CollTech Ltd 0.009 -31% 514,492 $3,624,401 AHN Athena Resources 0.003 -25% 2,517,894 $4,281,870 CCE Carnegie Cln Energy 0.0015 -25% 467,729 $31,285,147 DXN DXN Limited 0.0015 -25% 141,752 $3,446,680 PNX PNX Metals Limited 0.003 -25% 650,000 $21,522,499 LPD Lepidico Ltd 0.008 -20% 31,249,601 $76,383,079 RLC Reedy Lagoon Corp. 0.004 -20% 1,190,663 $3,083,418 SMS Star Minerals 0.035 -19% 106,044 $1,558,870 AUE Aurum Resources 0.11 -19% 449,333 $4,240,227 CBY Canterbury Resources 0.022 -19% 135,000 $3,902,135 CRS Caprice Resources 0.031 -18% 171,781 $4,436,763 KP2 Kore Potash PLC 0.009 -18% 106,571 $7,345,837 BOD BOD Science Ltd 0.05 -17% 340,000 $10,640,310 ADV Ardiden Ltd 0.005 -17% 4,572,479 $16,130,012 EPM Eclipse Metals 0.01 -17% 2,774,644 $24,336,718 FFG Fatfish Group 0.01 -17% 1,761,412 $14,282,876 TAS Tasman Resources Ltd 0.005 -17% 45,145 $4,276,016 AKN Auking Mining Ltd 0.037 -16% 370,000 $8,980,563 ESR Estrella Res Ltd 0.006 -14% 38,337,988 $10,385,003 EXL Elixinol Wellness 0.006 -14% 2,323,377 $4,419,407 HTG Harvest Tech Grp Ltd 0.024 -14% 1,107,375 $19,780,973 M24 Mamba Exploration 0.03 -14% 312,785 $2,134,417

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TRADING HALTS

West Wits Mining (ASX:WWI) – Regarding a proposed capital raising

Paradigm Biopharmaceuticals (ASX:PAR) – Pending an announcement in relation to a capital raising

Gateway Mining (ASX:GML) – Pending an announcement in relation to a capital raising

Rent.com.au (ASX:RNT) – Pending an announcement in relation to a capital raising

Pilot Energy (ASX:PGY) – Pending an announcement regarding a material partnering initiative into which it expects to enter in connection with the Mid West Clean Energy Project (Potential Transaction).

Gold Hydrogen (ASX:GHY) – Pending the release of an announcement regarding exploration results from its maiden drilling

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