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The Markets
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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Archive

The Small Cap Wrap: Good dar for small caps as the XSO climbs

Riversgold Ltd (ASX:RGL, FRA:RGV, OTC:RVSGF) says objections to its application for Mining Lease M25/389, covering the Northern Zone Gold Project, have been settled.

The company is now working with its lawyers to progress the lease toward recommendation and grant.

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Critical Resources Ltd (ASX:CRR, FRA:9S70) has appointed globally recognised solid-state battery scientist Dr Alevtina (Alla) Smirnova as technical advisor, as the company moves into structured laboratory validation of its optioned battery technologies.

The appointment is intended to add independent technical oversight across CRR’s evaluation strategy, including the design of testing frameworks, benchmarking methodologies and milestone sequencing.

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The ASX tech sector is trying to steady itself after a rough finish to last week — and on Monday it finally got a pulse back.

By 3:30 pm AEDT, the S&P/ASX 200 Tech Index was up nearly 5%, led by a broad rebound across the usual heavyweight software names. That’s a decent one-day move in any market — but it’s also worth keeping in perspective: the tech index had barely clawed back Friday’s drop and was still down more than 5% over the past week, a reminder of how sharp the sell-off has been.

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Odessa Minerals Ltd (ASX:ODE) has appointed experienced resources executives Steve Parsons and Michael Naylor as consultants, alongside extending the consulting agreement of geologist Sam Brooks as chief technical consultant.

The appointments are designed to strengthen Odessa's exploration and acquisition strategies across its existing asset base and potential new opportunities. Parsons and Naylor are substantial shareholders of the company.

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Zavier Wong, Market Analyst at eToro Group Ltd (Unlisted (US):ETRO), shares his three things to watch in Australia in the coming days.

Thursday's January employment force data lands at a critical time, just two weeks after the RBA hiked rates to 3.85% in its first increase since November 2023.

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Strike Energy Ltd (ASX:STX) has received all regulatory approvals required to drill the Walyering West-1 exploration well in Production Licence L 23 (100% net to Strike) in the Perth Basin, with well pad construction now underway.

The company expects Walyering West-1 to spud by mid-April 2026.

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Sunshine Metals Ltd (ASX:SHN) has outlined a potential pathway to production at its Liontown deposit in North Queensland, delivering a scoping-level mining study that points to robust cashflow from a staged open pit and underground operation.

The Liontown Mining Study — based on the November 2025 mineral resource — outlines an initial production target of about 75,200 ounces of gold at 2.96 g/t and 654,000 ounces of silver at 25.7 g/t over a 47-month mine life.

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Qube is poised to follow other major Australian infrastructure assets — including Sydney Airport — into private ownership after agreeing to an $11.7 billion sale to Macquarie Asset Management (MAM), the specialised asset management division of the broader MACQUARIE GROUP LIMITED (ASX:MQG).

The deal remains subject to regulatory and shareholder approvals and comes almost three months after MAM lodged a non-binding, $5.20-a-share cash proposal, conditional on due diligence.

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A2 Milk shares are closing in on a 52-week high after the infant formula and dairy group delivered a strong first half and lifted its full-year outlook, pointing to solid demand in China.

First-half net profit of NZ$112 million (A$96 million) came in 7% above consensus and 11% ahead of Citi estimates, with underlying earnings supported by lower-than-expected supply chain losses. English label sales rose 13.6% and Chinese label sales increased 6.5%, while A2’s HMO product Genesis recorded strong month-on-month growth, which management said supports longer-term potential.

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Askari Metals Ltd (ASX:AS2, FRA:7ZG) says early trenching at its 100%-owned Uis Project in Namibia has confirmed “strong, continuous polymetallic mineralisation” across the DP Pegmatite Target, setting up a planned reverse circulation (RC) drilling program in the June quarter.

The company’s Uis ground sits directly adjacent to Andrada Mining’s operating Uis Tin Mine, which hosts a JORC (2012) mineral resource estimate of 77.51 million tonnes (Mt) at 0.79% lithium oxide (Li₂O), 0.15% tin (Sn) and 82 parts per million (ppm) tantalum (Ta). Askari has positioned the project as an emerging critical minerals play with exposure to tin, lithium, tantalum, rubidium and caesium.

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West Coast Silver (ASX: WCE) has appointed Sergei (Serge) Smolonogov as technical director – growth & development, effective immediately, as drilling continues at its flagship Elizabeth Hill Silver Project.

Smolonogov is a Licensed/Registered Professional Geologist with more than 30 years’ experience across Australia, Africa, Europe, Russia and North America, including senior roles with Adriatic Metals, KAZ Minerals and Barrick.

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