* Christian EdwardsASX SMALL CAP LEADERSToday’s best...

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Christian Edwards

ASX SMALL CAP LEADERS

Today’s best performing small cap stocks:

ut in front of Small Caps land early was Culpeo Minerals (ASX:CPO), which – it seems – is unable to stop delivering great news, backing up December’s big announcement with a fresh one this morning about the company delineating a “large (1.7km x 0.5km footprint) copper-gold porphyry system” at its La Florida Prospect, inside the Fortuna Project in Chile.

Culpeo says that surface sampling results have returned grades up to 3.96% Cu and 2.61g/t Au, with mineralisation styles that are analogous to the company’s Lana Corina Prospect, which itself returned drill intersections of 257m @ 1.10% Cu Eq and 169m @ 1.21% CuEq.

Orion Equities (ASX:OEQ) was continuing its efforts to make hay off the back of yesterday’s announcement that its subsidiary CXM Pty Ltd stands to pocket about $5 million in a royalty payment from Miracle Iron Holdings. That’s after Miracle moved to acquire the Paulsens East Iron Ore Project located in the Pilbara, Western Australia from Strike Resources (ASX:SRK).

There was a large spike in interest in Talisman Mining (ASX:TLM) during the morning, despite zero news from them, which has led to a 25.5% spike in value – the reason for that should become evident soon enough… just not, apparently, today.

And yesterday’s high-flyer, Pan Asia Metals (ASXAM), is also continuing its blistering run, up another 15.8% on recent news that it is set to acquire a 100% interest in the massive Tama Atacama Chilean lithium brine asset, which comprises some 1,200km2 of “Tier 1” ground.

iCandy Interactive (ASX:ICI) copped a speeding ticket from the ASX today, after a no-news rise from from a low of $0.027 to an intraday high of $0.04 today – however, the Aussie videogame company has come back with a “we’re not sitting on any info that everyone else doesn’t know about” reply.

But it was enough of a jump to propel the company into the upper reaches of the winner’s circle today, to the tune of around +26%.

MTM Critical Metals (ASX:MTM) made a remarkable recovery from yesterday’s form slump, which saw it shed 23% of the back of news that drilling results “further confirm rare earth element (REE) and niobium (Nb) mineralisation over broad intervals in previously untested parts of the Pomme carbonatite complex”.

MTM took off at a brisk pace around 2:00pm, closing out the day 50% better off at $0.105 per share.

Similarly, Rincon Resources (ASX:RCR) managed a roughly 25% spike today after losing a fair bit of ground yesterday, closing out proceedings at $0.032 a pop.





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