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

Good morning everyone, and welcome to Thursday, 2 November.

On Stockhead today…

Bernard Marr, a world-renowned thought leader in the fields of business and technology, gives his thoughts on the most prominent healthcare trends in 2024. And we take a look at the best performing ASX health stocks in October.

But first..

TRADING HALTS

Critical Minerals Group (ASX:CMG) – In relation to the results of a Scoping Study for which CMG ‘intends to prepare a further disclosure’

Indiana Resources (ASX:IDA) – Pending an announcement to the market in relation to a decision from the ICSID ad hoc Committee concerning the stay of enforcement of the Award against the United Republic of Tanzania

Kalina Power (ASX:KPO) – Capital Raising

R3D Resources (ASX:R3D) – Capital Raising

Aussie Broadband (ASX:ABB) – Capital Raising

Surefire Resources (ASX:SRN) – Corporate equity raising.

Terra Uranium (ASX:T92) – Proposed Capital Raising

COMMODITY/FOREX/CRYPTO MARKET PRICES

Gold: US$1,978.90 (-0.19%)

Silver: US$22.61 (-1.28%)

Nickel (3mth): US$18,489/t (+0.63%)

Copper (3mth): US$8,140.50/t (+0.51%)

Oil (WTI): US$80.92 (-0.10%)

Oil (Brent): US$85.24 (+0.27%)

Iron 62pc Fe: US$118.91/t (+0.18%)

AUD/USD: 0.6330 (-0.14%)

Bitcoin: US$34,388 (+0.21%)

WHAT GOT YOU TALKING

On a 120% gain this year to date, $1.6 billion Cambodian gold miner Emerald Resources (ASX:EMR) walks into the ASX 200. The miner is currently operating one of the world’s highest margin gold mines at Okvau in the South East Asian nation, as the copper market continues to face headwinds from rising supply and Chinese intervention.

ASX-listed manganese developers are split on whether they will join the existing Chinese supply chain as they look to pivot to the EV market. Firebird Metals (ASX:FRB) and Element 25 (ASX:E25) bosses both say manganese use will grow as manganese rich NCM and LFP batteries grab increased market share

And..

The future of #mRNA #vaccines is not limited to just #Covid. #Biotechs are already developing mRNA vaccines to protect against other #viruses such as the #flu, and even #HIV. #ASX https://t.co/ZM0rnxtSPz

— Stockhead (@StockheadAU) October 31, 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 MGT Magnetite Mines 0.033 1000% 128,378 $62,808 AMD Arrow Minerals 0.002 100% 1,122,301 $3,023,765 TMB Tambourahmetals 0.18 57% 340,640 $9,538,141 HFY Hubify Ltd 0.021 50% 600,043 $6,945,908 CLE Cyclone Metals 0.0015 50% 2,380,034 $10,264,505 GHY Gold Hydrogen 0.43 48% 2,565,684 $16,507,677 TG6 Tgmetalslimited 0.475 44% 16,248,518 $13,299,509 BFC Beston Global Ltd 0.007 40% 2,555,865 $9,985,234 CHR Charger Metals 0.23 31% 550,831 $10,870,014 KNO Knosys Limited 0.032 28% 17,184 $5,403,467 DCL Domacom Limited 0.014 27% 618,771 $4,790,520 BRU Buru Energy 0.15 25% 4,695,258 $71,525,170 VRX VRX Silica Ltd 0.115 24% 744,690 $54,254,205 WML Woomera Mining Ltd 0.011 22% 11,648,941 $8,605,751 NRZ Neurizer Ltd 0.03 20% 494,651 $31,918,481 NAE New Age Exploration 0.006 20% 868,124 $8,969,495 TAS Tasman Resources Ltd 0.006 20% 1,000 $3,563,346 RAS Ragusa Minerals Ltd 0.045 18% 593,895 $5,418,754 AUE Aurumresources 0.13 18% 374,770 $3,455,000 CPM Coopermetalslimited 0.105 17% 40,005 $4,789,588 RNO Rhinomed Ltd 0.035 17% 4,003 $8,571,591 ATH Alterity Therap Ltd 0.007 17% 406,555 $14,639,386 ETR Entyr Limited 0.007 17% 178,571 $11,898,623 HLX Helix Resources 0.0035 17% 701,737 $6,969,438 VAL Valor Resources Ltd 0.0035 17% 2,000,000 $11,620,004

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Yesterday’s Small Caps highlights:

Up almost 50% in arvo trade is Tambourah Metals (ASX:TMB).

The WA-focused critical minerals developer dropped a quarterly update last night continuing the rapid exploration and development of its flagship Tambourah Gold and Lithium project in the Pilbara.

The Tambourah goldfield is an advanced gold exploration project with lithium and gold development potential.

Importantly, Tambourah says it has “an exciting opportunity for further regional growth” through gold and lithium exploration at its Russian Jack and Nullagine projectsin the East Pilbara. The company has also expanded its Julimar Nth and WH Sth (Ni-PGE-Cu) projects in the SW terrane.

Meanwhile, a delighted Loyal Lithium (ASX:LLI) gave the ASX an update on maiden drilling at its Trieste Lithium Project, located in… yes, the James Bay Region of Québec, in Canada.

$LLI.ax is delighted to provide an update on its maiden drilling program at its Trieste Lithium Project with all 14 holes intercepting spodumene bearing pegmatite with intercepts of up to 74m.

— Loyal Lithium Limited (@LoyalLithium) November 1, 2023

TG Metals (ASX:TG6) continues to climb – the stock is up almost 250% – after hitting paydirt at the Lake Johnston project a few days ago, with maiden holes intersecting high grade lithium of up to 2.28% over 9-12m widths, 200m apart.

Gold Hydrogen (ASX:GHY) says it’s locked onto significant concentrations of hydrogen and helium in its Ramsay 1 Well – which GHY reckons confirms historic measurement and demonstrating an active hydrogen system in the Ramsay Project area.

Managing director Neil McDonald:

“It is incredibly exciting that we have replicated the results of 100 years ago at 240m. With the additional find of helium, which could be a significant value-add to the project, we view these results as being better than planned.”

YESTERDAY’S ASX SMALL CAP LAGGARDS

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

Code Company Price % Volume Market Cap MTH Mithril Resources 0.001 -50% 443,500 $6,737,609 NGS NGS Ltd 0.008 -38% 2,271,387 $3,265,956 AXP AXP Energy Ltd 0.001 -33% 147,443,689 $8,737,021 EDE Eden Inv Ltd 0.002 -33% 13,855,923 $10,090,911 SIT Site Group Int Ltd 0.002 -33% 22,876,666 $7,807,471 ALC Alcidion Group Ltd 0.068 -30% 15,079,793 $123,232,028 PAR Paradigm Bio. 0.42 -30% 6,566,122 $167,788,050 ADS Adslot Ltd. 0.003 -25% 8,024,412 $12,897,982 CCE Carnegie Cln Energy 0.0015 -25% 861,673 $31,285,147 EXT Excite Technology 0.006 -25% 42,166 $9,673,934 PUA Peak Minerals Ltd 0.003 -25% 9,248,915 $4,165,506 PGY Pilot Energy Ltd 0.025 -24% 38,303,909 $34,239,401 MXC Mgc Pharmaceuticals 0.77 -23% 4,081 $4,427,969 EMP Emperor Energy Ltd 0.007 -22% 902,278 $2,419,762 S3N Sensore Ltd 0.09 -22% 64,367 $4,185,222 MGL Magontec Limited 0.36 -21% 182,952 $35,631,297 NSX NSX Limited 0.027 -21% 169,971 $13,640,734 LBT LBT Innovations 0.004 -20% 7,657,012 $1,779,502 MRQ Mrg Metals Limited 0.002 -20% 19,531,395 $5,514,797 SFG Seafarms Group Ltd 0.004 -20% 50,004 $24,182,996 ASH Ashley Services Grp 0.38 -19% 439,189 $67,668,675 ERG Eneco Refresh Ltd 0.017 -19% 552,584 $5,719,525 BSE Base Res Limited 0.11 -19% 3,836,466 $159,031,600 AMT Allegra Orthopaedics 0.04 -18% 24,489 $5,860,940 EG1 Evergreenlithium 0.2 -18% 202,005 $13,776,350

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