ASX Small-Cap Stocks to Watch

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

Advance Metals AVM

Advance Metals started planning and reconnaissance for its initial exploration programs at the Myrtleford project in Victoria. The company lodged a low impact exploration notification to Resources Victoria, with consent expected from stakeholders, to allow non-ground disturbing exploration at the project.

Osmond Resources OSM

Osmond Resources said ongoing geological mapping and assay results at the Orion EU project in Spain confirmed the potential for a "major" new source of rutile, zircon, and rare earth elements in the EU. The geological mapping in zone three is underway, with 27 samples sent for assaying and results expected in February.

Lightning Minerals L1M

Lightning Minerals confirmed the discovery of spodumene minerals in pegmatites at the Esperanca project in Brazil via Raman spectrographic analysis. The company also received the "highest tenor" lithium assays from its soil sampling programs at the Caraíbas and Canabrava projects.

GTI Energy GTR

GTI Energy started drilling and developing three groundwater monitoring wells at the Lo Herma project in Wyoming. The drilling phase is expected to be completed in the coming weeks, subject to favorable weather conditions.

Charger Metals CHR

Charger Metals started exploration for 2025 at its Lake Johnston project in Western Australia, funded by Rio Tinto's RIO Rio Tinto Exploration, in line with their farm-in agreement. Preparations are underway for a maiden diamond drill program to test two targets in the Mt Day prospect.