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Date : 25/10/2021

2 Stellar ASX Small Caps Stocks To Watch In 2021

The ASX is off to a positive start to the week today as Miners and Energy stocks were bullish due to the rebound in commodity prices. The ASX 200 gained 0.3% to 7441 points. The liquidity pumped into markets continues to push the rally.

Top 2 ASX Small Caps Stocks To Look For In October 2021

Small caps on the ASX have performed exceptionally well in 2021. The ASX is also home to several high growth small cap stocks from the mining and technology sectors. Small Caps bring a ton of opportunity to investors and including them in portfolios give access to above average returns.

Hot Chilli Limited (ASX: HCH)

Hot Chili engages in the identification, acquisition, exploration, evaluation, and development of mineral deposits. It holds interest in the Productora Copper, El Fuego Copper, and Cortadera Copper projects in Chile.

Hot Chili’s combined Costa Fuego project now ranks as one of the world’s largest low-altitude, clean concentrate (no arsenic), copper-gold Mineral Resources not controlled by a major mining company.

HCH shares have been fairly bullish in the past few weeks. Hot Chilli shares have returned over 32% in the past month as the company has announced a few key announcements.

There is a good reason for positivity for the HCH share price. Recently, Hot Chilli announced that recent drill results from its Cortadera copper-gold discovery in Chile continue to demonstrate strong resource growth. Hot Chili’s Resource Development Manager Kirsty Sheerin also made a comment. She said the expansion of the main porphyry was very pleasing ahead of the Company’s plans to up-grade the maiden 451 Mt Cortadera resource.

Continued strong results have been reported from extensional resource drilling across the North Flank. CRP0134D returned an extensive intersection of 610m grading 0.5% CuEq, 0.1g/t gold from 216m depth down-hole, including 138m grading 0.8% CuEq from 634m depth.

This recent drilling has demonstrated strong continuity of high grade mineralisation and extended the North Flank by approximately 170m. A follow-up hole (CRP0155D) is currently underway to extend the North Flank by a further 80m. This will once again come with a potential for further upside for the HCH share price.

Lithium Australia (ASX: LIT)

Lithium Australia aims to ensure an ethical supply of energy metals to the battery industry by creating a circular battery economy that enhances both sustainability and resource security. Reprocessing spent lithium-ion batteries to create new ones is intrinsic to this plan, with the Company operating Australia’s only fully integrated mixed-battery recycling business.

Having rationalised its portfolio of lithium projects/alliances, Lithium Australia continues its research into, and the development of, proprietary extraction processes for the conversion of all lithium silicates (including mine waste), and of fines generally discarded during conventional spodumene conversion, to lithium chemicals, from which it will produce advanced cathode materials for the battery industry globally.

The Australian federal government has recognised the Company’s progress through the awarding of substantial research grants designed to progress the nation’s advanced battery capabilities.

Lithium Australia shares have been performing well recently and we believe there is further upside potential. A 100% owned subsidiary of Lithium Australia, VSPC is a developer of advanced battery materials. Production includes lithium ferro phosphate (‘LFP’) and lithium manganese ferro phosphate (‘LMFP’) cathode powders. Its proprietary nanotechnology is the subject of international patents.

Lithium Australia says its subsidiary VSPC is now also producing commercial-quality lithium titanium oxide (LTO) anode powder. Using titanium dioxide and lithium carbonate as the raw materials, LTO is prepared via a solid state reaction. The materials are calcined at temperatures above 800° Celsius for a prolonged period. This ensures high-phase purity. Because VSPC’s patented, slurry-based process reduces calcination time. It also ensures consistent phase and end-product quality, it is ideal for producing LTO.

Lithium Australia is definitely a small cap lithium stock to consider buying on the ASX. LIT shares trade at $0.13 a share.

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