Small Cap Watch: Small Ords edge higher as copper and uranium updates drive momentum

Proactive

Written by Jonathan Jackson

The S&P/ASX Small Ordinaries Index (ASX: XSO) edged higher on Monday, closing at 3,960.90, up 3.80 points or 0.096% on the day and 0.53% over the past five trading sessions, as modest gains across small-cap resources stocks supported the benchmark.

It has been a slow start to the morning on the news front, but several ASX-listed explorers and developers have released updates. You can read about these and more throughout the day. You can also check out our uranium piece. The price of uranium continues to rise, assisting most companies on the ASX.

Cyprium Metals

Cyprium Metals Ltd (ASX:CYM, OTCQB:CYPMF) provided an update on its Paterson Exploration Project following completion of a first-pass review of exploration data received from IGO. Control of the project has recently reverted to Cyprium after the dissolution of the joint venture and farm-in agreement with IGO, under which IGO had completed approximately $24 million of exploration expenditure. Cyprium is progressing its assessment of the dataset as it advances its strategy to support the phased restart of the Nifty Copper Complex in Western Australia’s Paterson region.

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