ASX Small-Cap Stocks to Watch

MT Newswires Live
Oct 02

Investors are likely to keep an eye on the following small-cap stocks listed on the Australian Securities Exchange.

Straker (ASX:STG)

Straker secured a translation services agreement with a global enterprise customer, effective Sept. 1 for a term of 24 months, and expires Aug. 31, 2027. The estimated contract value is $1.4 million per year for a duration of two years.

Golden Deeps (ASX:GED)

Golden Deeps said new channel sampling and rock chip results received from the Graceland prospect at the Central Otavi project in Namibia returned grades of up to about 32% copper, 961 grams per tonne (g/t) grade of silver, roughly 24% zinc, and 351g/t germanium in the Gossan 1 outcrop.

Auravelle Metals (ASX:AUV)

Auravelle Metals confirmed the presence of "significant" zones of shallow high-grade gold mineralization of up to 25.4 g/t grade of gold with the one-meter resample results from its maiden reverse circulation drill program at the Nuckulla Hill project in South Australia.

Carnavale Resources (ASX:CAV)

Carnavale Resources said the updated scoping study for its Kookynie gold project in Western Australia, presenting open pit mining at Swiftsure and Tiptoe, with underground mining at Swiftsure, is forecasting an undiscounted free cash flow of about AU$237 million, a 126% increase over the initial study.

Castle Minerals (ASX:CDT)

Castle Minerals will conduct a regional-scale soil sampling campaign at the Ebony permit in the Ivory Coast. It is designed to test two zones of prospective Birimian terrane for gold mineralization.

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