Good morning everyone, and welcome to 30 April, 2024 – an important date on the historical calendar for a number of reasons.
Those include the tale of the spire of Beauvais Cathedral, France, which was, until this day in 1573, the tallest human-made monument in the world, when it quite quickly became one of the shortest by collapsing.
On this day in 1869, the Hawaiian YMCA was formed, ushering in the era of the Village People which would reach its peak in 1978 with a music video that caused a sensational quantity of sexual confusion among young men everywhere.
And it was on this day that a man named Ernest A. Hamwi astounded everyone at the St. Louis World’s Fair, when he presented his invention – the ice cream cone. Hamwi’s method of creating an edible wafer-like cone revolutionised the industry, after earlier attempts made from lead had proven to be somewhat unpopular.
And because I, gentle reader, have spent several gruelling minutes compiling some data, there’s a binch of digits and highlights listed below to help prep you for a happy Monday on the bourse.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,334.89 (-0.04%)
Silver: US$27.31 (+0.43%)
Nickel (3mth): US$19,177.50/t (+1.72%)
Copper (3mth): US$9,852.69/t (+0.63%)
Oil (WTI): US$83.36 (-0.58%)
Oil (Brent): US$87.65 (-0.58%)
Iron 62pc Fe: US$110.16/t (+0.00%)
AUD/USD: 0.6563 (-0.04%)
Bitcoin: US$62,389.40 (-1.14%)
WHAT GOT YOU TALKING
If you missed Josh Chiat’s latest instalment of Monsters of Rock, here it is in all it’s monstrously rocky glory.
Monsters Of Rock: Japanese conglomerates ramp up investment in #WA #nickel #laterite just as Ravensthorpe operations shuts down (again). https://t.co/EXraeg4BBh
— Stockhead (@StockheadAU) April 29, 2024
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 Name Price % Change Volume Market Cap MSI Multistack International 0.014 250% 2,000 $545,216 FAU First Au Ltd 0.002 100% 2,384,922 $1,661,993 ERL Empire Resources 0.003 50% 371,712 $2,225,870 MRQ MRG Metals Limited 0.0015 50% 176,923 $2,525,119 TD1 Tali Digital Limited 0.0015 50% 1,309,179 $3,295,156 CBY Canterbury Resources 0.046 44% 3,287,379 $5,495,709 ADG Adelong Gold Limited 0.004 33% 150,565 $2,641,467 HCD Hydrocarbon Dynamic 0.004 33% 180,737 $2,425,747 HLX Helix Resources 0.004 33% 8,813,707 $6,969,438 MTL Mantle Minerals Ltd 0.002 33% 1,943,820 $9,296,169 SKN Skin Elements Ltd 0.004 33% 1,150,960 $1,768,458 MXO Motio Ltd 0.02 33% 261,080 $4,022,975 PVT Pivotal Metals Ltd 0.02 33% 996,201 $10,561,774 ERW Errawarra Resources 0.048 30% 1,084,912 $3,549,065 REM Remsense Technologies 0.019 27% 138,564 $2,247,895 G11 G11 Resources Ltd 0.03 25% 1,497,723 $17,978,931 MKL Mighty Kingdom Ltd 0.005 25% 2,067,874 $9,323,732 OSL Oncosil Medical 0.005 25% 2,075,022 $9,022,165 PPL Pureprofile Ltd 0.02 25% 2,964,486 $18,549,995 ROG Red Sky Energy 0.005 25% 56,240,271 $21,688,909 RCR Rincon 0.085 23% 57,291,927 $15,259,444 KGD Kula Gold Limited 0.011 22% 520,668 $4,378,157 INF Infinity Lithium 0.061 22% 471,285 $23,129,605 CYM Cyprium Metals Ltd 0.039 22% 12,289,773 $48,790,794 PKD Parkd Ltd 0.028 22% 229,561 $2,392,319
Yesterday’s Small Cap Winners included:
Way out in front on Monday was hitherto low-flying copper prospect Canterbury Resources (ASX:CBY). All that’s changed, probably because Stockhead’s Garimpeiro went looking last week for juniors in the copper porphyry space and got frothy when it came to a little thing he covered years ago.
CBY was worth about double what it was at 10am, and Garimpiero says CBY’s closer to a Tier 1 copper-gold porphyry deposit.
“It has stuck to its task over the years and has some 1.8Mt of copper and 3.16M ounces of gold in resources spread across projects in Queensland and PNG, all of which are the subject of joint ventures with deep-pocket partners.”
No news, but up like a French flag on Bastille Day.
Rincon Resources (ASX:RCR) jumped happily over 25% and is now up 220% over the past week as news of its recent uncovering of a ‘bullseye’ target at its project in the West Arunta region of WA continues to turn heads.
And that’s a target, dubbed Avalon, “of similar size and character” to WA1 Resources’ (ASX:WA1) Luni carbonatite, and IOCG (iron oxide copper-gold) deposits like Prominent Hill and Ernest Henry.
Our old lithium loving mates at Errawarra Resources (ASX:ERW) are back in the news, shining their shoes, kicking off the blues, ready to cruise, matching cows with moo’s and lighting another fuse after striking a deal with Alien Metals (LSE:UFO) for a handy looking JV at Pinderi Hills located in the West Pilbara.
Executive chairman Thomas Reddicliffe says the project comprises 175km2 of prospective ground which comprises both granted mining leases and exploration licences and is located 25km to the southwest of Errawarra’s heroic Andover West.
He reckons the new JV makes Errawarra one of the largest exploration companies by area in the ‘world class lithium province.’
“The Pinderi Hills Project was highly sort after and has potential to host lithium pegmatites and is located to the southwest of Azure’s lithium project at Andover. Having identified and confirmed a large pegmatite swarm on the tenements we will be moving quickly to determine the lithium potential of these pegmatites by way of systematic mapping and sampling and we would hope this will lead to drill testing of the pegmatites that prove to be fertile.”
Also digging for dosh on Monday was Aspire Mining (ASX:AKM) which has developing coking coal assets in Mongolia.
AKM says it’s been working through major permits and approvals required to begin mining at the flagship, 100% owned Ovoot project as it prepares updates to its JORC coking coal reserve estimates.
The final one of those important approvals has been ticked off the to-do list, as of Monday, AKM told the exchange today.
It’s a Detailed Environmental Impact Assessment (DEIA) for the construction of a public road from the Ovoot project, given the nod by the Professional Council of the Ministry of Nature, Environment and Tourism (MNET).
This will support product haulage from Ovoot and it represents a major milestone for Aspire as it’s the last of the major permits needed to progress development of the coking coal project.
Aspire can now get on with formal financing endeavours related to its flagship operation.
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 Name Price % Change Volume Market Cap KNB Koonenberry Gold 0.014 -30% 3,303,292 $2,754,229 YAR Yari Minerals Ltd 0.004 -27% 6,078,488 $2,652,968 CT1 Constellation Tech 0.0015 -25% 275,000 $2,949,467 RIL Redivium Limited 0.003 -25% 630,635 $10,923,419 RIM Rimfire Pacific 0.024 -25% 10,614,807 $71,934,228 ZNO Zoono Group Ltd 0.042 -24% 987,116 $11,754,823 FZR Fitzroy River Corp 0.115 -23% 225,000 $16,193,138 AMD Arrow Minerals 0.004 -20% 82,018,969 $47,398,532 CAV Carnavale Resources 0.004 -20% 5,496,718 $17,117,759 TIG Tigers Realm Coal 0.004 -20% 734,614 $65,333,512 EE1 Earths Energy Ltd 0.013 -19% 2,980,046 $8,479,427 VTI Vision Tech Inc 0.11 -19% 132,914 $7,392,044 ASE Astute Metals NL 0.044 -19% 2,179,185 $22,168,052 SPN Sparc Tech Ltd 0.22 -17% 472,301 $22,696,104 OZZ OZZ Resources 0.035 -17% 159,324 $3,886,265 PL3 Patagonia Lithium 0.1 -17% 85,000 $5,895,420 EXL Elixinol Wellness 0.005 -17% 1,914,089 $7,806,444 IVX Invion Ltd 0.005 -17% 11,819 $38,547,193 NGS NGS Ltd 0.005 -17% 1,563,763 $1,507,364 NTM NT Minerals 0.005 -17% 537,762 $6,059,417 PUR Pursuit Minerals 0.005 -17% 7,933,452 $17,663,828 SIT Site Group Int Ltd 0.0025 -17% 90,000 $7,807,471 VRC Volt Resources Ltd 0.005 -17% 100,347 $24,952,069 APS Allup Silica Ltd 0.042 -16% 20,074 $1,923,855 VNL Vinyl Group Ltd 0.11 -15% 1,590,238 $78,618,184
TRADING HALTS
QMines (ASX:QML) – pending the release of its Mt Chalmers Project Pre-Feasibility Study.
Lycaon Resources (ASX:LYN) – pending an announcement regarding a proposed capital raising.
Patriot Lithium (ASX:PAT) – pending the release of an announcement regarding a capital raising.
WA Kaolin (ASX:WAK) – pending an announcement regarding a capital raising.
Turaco Gold (ASX:TCG) – pending the release of an announcement in relation to a capital raising.
Equinox Resources (ASX:EQN) – pending a material results announcement in connection with the Mata da Corda Rare Earth Element (REE) fieldwork program in Brazil.
Strike Resources (ASX:SRK) – pending the release of a market announcement in respect of the sale of LEL’s interest in the Solaroz Lithium Brine Project in Argentina.
Lithium Energy (ASX:LEL) – pending the release of a market announcement in respect of the sale of the Company’s interest in the Solaroz Lithium Brine Project in Argentina.
Adveritas (ASX:AV1) – pending release of an announcement regarding a placement.
ioneer (ASX:INR) – pending an announcement in relation to a capital raising.
Anatara Lifesciences (ASX:ANR) – pending an announcement to the market in relation to a proposed capital raising.
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