Good morning, today on Stockhead, Guy Le Page searched long and hard and finally found something to like about Queensland. Eddy Sunarto’s gone and ruined chocolates for everyone. And Josh has found some fundies who are happy to share their copper secrets.
COMMODITY/FOREX/CRYPTO MARKET PRICES
Gold: US$2,424.70 (-.06%)
Silver: US$31.79 (+0.8%)
Nickel (3mth): US$21,615/t (+2.54%)
Copper (3mth): US$10,889/t (+2.07%)
Zinc: US$3,162.50/t (+0.78%)
Oil (WTI): US$77.72 (-1.80%)
Oil (Brent): US$82.18 (-1.82%)
Iron 62pc Fe: US$117.24/t (0.19%)
AUD/USD: 0.6677 (+0.15%)
Bitcoin: US$71,370(+6.48%)
WHAT GOT YOU TALKING
Everyone loves a good news story. ESPECIALLY IF IT’S GOT SICK GAINZ IN IT.
We’ve hit a new record high in #copper, #nickel is back in the good books, #zinc is upwards of US$3000/t and #ironore is on its way towards US$120/t. #mining #ASX https://t.co/IXpXAkJxpr
— Stockhead (@StockheadAU) May 21, 2024
ASX SMALL CAP LEADERS
Yesterday’s best performing small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort:
Code Name Price % Change Volume Market Cap SNX Sierra Nevada Gold 0.075 83% 3,493,221 $3,119,072 GIB Gibb River Diamonds 0.038 52% 2,190,115 $5,287,736 CNJ Conico Ltd 0.002 50% 6,246,560 $1,805,095 WEL Winchester Energy 0.003 50% 3,953,189 $2,040,844 LPD Lepidico Ltd 0.004 40% 64,521,713 $21,472,798 CDD Cardno Limited 0.405 40% 945,843 $11,327,592 FG1 Flynngold 0.035 30% 39,071,398 $6,872,707 MI6 Minerals260Limited 0.200 29% 421,868 $36,270,000 AI1 Adisyn Ltd 0.023 28% 503,973 $3,332,376 EOF Ecofibre Limited 0.070 27% 40,024 $20,838,065 G88 Golden Mile Res Ltd 0.015 25% 7,035,033 $4,934,674 CUS Coppersearchlimited 0.150 25% 278,553 $11,074,249 FND Findi Limited 3.800 25% 897,489 $148,355,712 TZL TZ Limited 0.025 25% 237,112 $5,131,662 BMO Bastion Minerals 0.010 25% 17,398,170 $3,444,671 HIQ Hitiq Limited 0.020 25% 1,025,980 $5,629,519 RBR RBR Group Ltd 0.003 25% 91,246 $3,268,809 RML Resolution Minerals 0.003 25% 404,101 $3,220,044 SAN Sagalio Energy Ltd 0.005 25% 30,000 $818,641 LGM Legacy Minerals 0.280 24% 1,406,374 $23,727,374 CAG Caperangeltd 0.135 23% 16,546 $10,439,913 HAR Harangaresources 0.115 22% 459,251 $8,415,761 PNN Power Minerals Ltd 0.150 20% 1,249,119 $11,575,630 CDT Castle Minerals 0.006 20% 2,134,406 $6,122,465
Sierra Nevada Gold (ASX:SNX) surged after declaring its intentions to follow up drill hole BHD006 which returned up to 1270g/t silver at Endowment mine, part of its Blackhawk epithermal project in Nevada, US. SNX has previously identified a large and high-grade intermediate sulphidation epithermal Ag-Au-Pb-Zn vein system, likely related to a large porphyry system located immediately to the south.
Flynn Gold (ASX:FG1) has sampled up to 64g/t gold at the Link Zone prospect, part of the Golden Ridge project in Northeast Tasmania. It’s talking high-grade assays here from its underground grab sampling of mineralised veins, including 64.4g/t, 37.6g/t and 15.9g/t gold. The Link Zone prospect is located between the company’s Trafalgar and Brilliant prospects, with all three prospects now defining a corridor of high-grade gold mineralisation with a potential strike length of 2.5km and a vertical extent of at least 500m.
Bastion Minerals (ASX:BMO) says a recent mapping and sampling program uncovered “extensive new pegmatites and targets” at the Morrissey lithium project in WA.
Everest Metals (ASX:EMC) is hitting super grade gold up to 97g/t as part of a bulk sampling campaign at the Revere project in WA.
Western Australian focused explorer Golden Mile Resources (ASX:G88) announced the completion of Stage 3 metallurgical test work at its flagship Quicksilver nickel-cobalt project near Lake Grace, WA. That testing has outlined an initial “process beneficiation flowsheet”, which the company says has the potential to target 75% nickel recovery from the deposit.
Quicksilver is an oxide clay-hosted deposit with a resource of 26.3Mt grading 0.64% nickel and 0.04% cobalt along with valuable by-products gold, rare earths and scandium.
Gibb River Diamonds (ASX:GIB) announced it’s been granted three mining leases on the project’s land and these are licences considered key to developing the project further with a view to re-establishing its production. The Ellendale Project has, in the past, been one of the world’s largest diamond producers, with previous operators reporting a combined market capitalisation of over $690 million in 2006 on leases now held by GIB.
ASX SMALL CAP LAGGARDS
Today’s best performing small cap stocks:
Swipe or scroll to reveal full table. Click headings to sort
Code Name Price % Change Volume Market Cap AMS Atomos 0.023 -43% 10,191,380 $32,179,273 AVE Avecho Biotech Ltd 0.003 -25% 316,000 $12,677,188 TD1 Tali Digital Limited 0.002 -25% 48,844 $6,590,311 R8R Regener8Resourcesnl 0.095 -24% 60,000 $3,207,031 EXL Elixinol Wellness 0.004 -20% 3,217 $6,505,370 RLG Roolife Group Ltd 0.004 -20% 6,272,530 $3,911,908 SHO Sportshero Ltd 0.004 -20% 914,681 $3,089,164 TMR Tempus Resources Ltd 0.004 -20% 61,050 $3,654,994 ANX Anax Metals Ltd 0.043 -19% 10,370,048 $31,339,806 VBS Vectus Biosystems 0.130 -19% 223,261 $8,513,498 1MC Morella Corporation 0.003 -17% 5,500,184 $18,536,398 MEL Metgasco Ltd 0.005 -17% 309,000 $7,397,320 MTL Mantle Minerals Ltd 0.003 -17% 1,323,380 $18,592,338 RIE Riedel Resources Ltd 0.003 -17% 289,417 $6,671,507 CHW Chilwaminerals 0.465 -15% 72,329 $25,231,251 FIN FIN Resources Ltd 0.011 -15% 49,164 $8,440,493 JHX James Hardie Indust 47.390 -13% 3,178,427 $23,758,384,404 SS1 Sun Silver Limited 0.620 -13% 5,063,130 $49,820,485 AMD Arrow Minerals 0.004 -13% 10,762,851 $40,557,460 DAF Discovery Alaska Ltd 0.014 -13% 295,412 $3,747,755 KPO Kalina Power Limited 0.004 -13% 130,000 $9,945,576 VML Vital Metals Limited 0.004 -13% 6,321,150 $23,580,268 LM1 Leeuwin Metals Ltd 0.070 -13% 64,273 $3,748,134 DM1 Desert Metals 0.021 -13% 51,000 $6,370,217
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