Watchlists

My personal ASX small-cap and micro-cap watchlist archive, from October 2025 onwards.

This page archives every ASX small cap and ASX penny stock added to my weekly watchlist. Each stock was selected using a defined screening process covering price structure, liquidity, catalyst risk, and sector positioning. The purpose is accountability. By keeping historical ASX watchlist this week selections visible, I can evaluate whether my reasoning holds up over time. This is not investment advice and should not be treated as a buy or sell recommendation.

March 2026

2 Mar - 8 Mar

Code	Company	Link	Score	Thesis
GBR	Great Boulder Resources	View	8.6 / 10	ASX gold stock with ongoing resource growth at the Side Well Gold Project. The updated resource expands high-grade inventory and improves optionality in a rising gold environment. Recent capital raise strengthens balance sheet for accelerated drilling at Mulga Bill and Ironbark.
EQR	EQ Resources	View	8.4 / 10	ASX resource stock with strategic exposure to tungsten, a supply-constrained commodity with geopolitical relevance. Western defence and industrial demand may support pricing over the medium term. Record production improves credibility.

February 2026

23 Feb - 1 Mar

Code	Company	Link	Score	Thesis
AGE	Alligator Energy	View	7.5 / 10	Advanced uranium explorer with the Samphire project in South Australia. Pilot plant construction complete and debt-free balance sheet (~$30m cash) supports progression to field recovery trials.
GBR	Great Boulder Resources	View	8.4 / 10	Resource update at Side Well Gold Project expands the high-grade inventory. Recent capital raise ensures funding for aggressive drilling at Mulga Bill and Ironbark. Strong leverage to gold price with exploration upside.
SER	Strategic Energy Resources	View	7.2 / 10	Recent capital raise to accelerate exploration at the Achilles 1 polymetallic prospect in the South Cobar Basin. Provides early-stage exposure to tier-1 mineral provinces in Australia.

February 2026

16 Feb - 22 Feb

Code	Company	Link	Score	Thesis
GBR	Great Boulder Resources	View	8.4 / 10	Resource update at Side Well Gold Project expands the high-grade inventory. Recent capital raise ensures funding for aggressive drilling at Mulga Bill and Ironbark. Strong leverage to gold price with exploration upside.
PEX	Peel Mining	View	8.1 / 10	Transformational deal to sell South Cobar Copper Project to Aeris Resources. Shareholders receive cash and shares at a significant premium. Remaining 'NewCo' retains exploration upside, offering a unique arbitrage and growth play.

February 2026

9 Feb - 15 Feb

Code	Company	Link	Score	Thesis
EQR	EQ Resources	View	8.5 / 10	Strategic tungsten asset in a supply-constrained market. Western defense and industrial demand drives a 'geopolitical premium'. Recent record production and potential for further re-rating make it a core holding.
NMR	Native Mineral Resources	View	8.3 / 10	Transitioning from explorer to producer with the Blackjack Gold Project. Generating significant cash flow from recent gold pours. Director buying and low valuation vs revenues offer a compelling 'growth alpha' opportunity.

February 2026

2 Feb - 8 Feb

Code	Company	Link	Score	Thesis
EQR	EQ Resources	View	8.1 / 10	Australia's leading tungsten producer with a 33% quarter-on-quarter production increase. Recently secured funding and new offtake interest validates the strategic value of its Mt Carbine asset in a tight market.
AGE	Alligator Energy	View	7.5 / 10	Advanced uranium explorer with the Samphire project in South Australia. Pilot plant construction complete and debt-free balance sheet (~$30m cash) supports progression to field recovery trials.

February 2026

26 Jan - 1 Feb

Code	Company	Link	Score	Thesis
WC8	Wildcat Resources	View	8.3 / 10	Recent Bolt Cutter discovery has expanded the exploration potential significantly. Momentum is building with high-grade drilling results and a strong cash position ($48.5m). A premier high-beta lithium play.
EQR	EQ Resources	View	8.7 / 10	Australia's leading tungsten producer with a 33% quarter-on-quarter production increase. Recently secured funding and new offtake interest validates the strategic value of its Mt Carbine asset in a tight market.
WWI	West Wits Mining	View	8.1 / 10	South African gold developer transitioning from explorer to producer. The flagship Qala Shallows project has a massive resource base of 4.28Moz @ 4.58g/t. Recent funding and operational milestones point towards a first gold pour in 2026.

January 2026

19 Jan - 25 Jan

Code	Company	Link	Score	Thesis
EQR	EQ Resources	View	8.1 / 10	Australia's leading tungsten producer with a 33% quarter-on-quarter production increase. Recently secured funding and new offtake interest validates the strategic value of its Mt Carbine asset in a tight market.
WC8	Wildcat Resources	View	8.5 / 10	Recent Bolt Cutter discovery has expanded the exploration potential significantly. Momentum is building with high-grade drilling results and a strong cash position ($48.5m). A premier high-beta lithium play.
NMG	New Murchison Gold	View	7.9 / 10	Transitioned from explorer to producer with the Crown Prince Gold Mine now online. Recent inclusion in the All Ordinaries Index and high-grade results from Lydia prospect support a re-rating as cash flow builds.

January 2026

12 Jan - 18 Jan

Code	Company	Link	Score	Thesis
CST	Castile Resources	View	8.0 / 10	Minerals exploration and project development focused on the Rover Project in the Northern Territory. Offers high-beta exposure to copper-gold potential in a proven mineral province.
WWI	West Wits Mining	View	8.4 / 10	South African gold developer transitioning from explorer to producer. The flagship Qala Shallows project has a massive resource base of 4.28Moz @ 4.58g/t. Recent funding and operational milestones point towards a first gold pour in 2026.
WC8	Wildcat Resources	View	7.9 / 10	Lithium explorer focused on the Tabba Tabba project. While the lithium sector remains volatile, aggressive drilling and potential for resource growth keep it as a high-beta play for risk-tolerant investors.

January 2026

5 Jan - 11 Jan

Code	Company	Link	Score	Thesis
PEN	Peninsula Energy	View	7.8 / 10	U.S. focused uranium developer transitioning to low-pH ISR production at the Lance Project. Positioned to benefit from strengthened US domestic nuclear fuel policy.
AW1	American West Metals	View	8.0 / 10	Developing high-grade copper and zinc projects in North America. Storm Copper Project in Canada offers significant near-surface direct shipping ore (DSO) potential.
RNU	Renascor Resources	View	7.5 / 10	Developing the Siviour Graphite Project in South Australia. Vertical integration strategy into Battery Anode Material (BAM) aligns with global push for non-Chinese supply chains.

January 2026

29 Dec - 4 Jan

Code	Company	Link	Score	Thesis
WC8	Wildcat Resources	View	7.9 / 10	Lithium explorer focused on the Tabba Tabba project. While the lithium sector remains volatile, aggressive drilling and potential for resource growth keep it as a high-beta play for risk-tolerant investors.
WWI	West Wits Mining	View	8.4 / 10	South African gold developer transitioning from explorer to producer. The flagship Qala Shallows project has a massive resource base of 4.28Moz @ 4.58g/t. Recent funding and operational milestones point towards a first gold pour in 2026.
LDX	Lumos Diagnostics	View	7.7 / 10	Point-of-care diagnostics developer (FebriDx) with growing US distribution. Regulatory approvals and commercial rollout are key catalysts, though cash burn remains a risk factor to watch.

December 2025

22 Dec - 28 Dec

Code	Company	Link	Score	Thesis
WC8	Wildcat Resources	View	7.9 / 10	Lithium explorer focused on the Tabba Tabba project. While the lithium sector remains volatile, aggressive drilling and potential for resource growth keep it as a high-beta play for risk-tolerant investors.
WWI	West Wits Mining	View	8.4 / 10	South African gold developer transitioning from explorer to producer. The flagship Qala Shallows project has a massive resource base of 4.28Moz @ 4.58g/t. Recent funding and operational milestones point towards a first gold pour in 2026.
LDX	Lumos Diagnostics	View	7.7 / 10	Point-of-care diagnostics developer (FebriDx) with growing US distribution. Regulatory approvals and commercial rollout are key catalysts, though cash burn remains a risk factor to watch.

December 2025

15 Dec - 21 Dec

Code	Company	Link	Score	Thesis
WC8	Wildcat Resources	View	7.8 / 10	Lithium explorer focused on the Tabba Tabba project. While the lithium sector remains volatile, aggressive drilling and potential for resource growth keep it as a high-beta play for risk-tolerant investors.
M7T	Mach7 Technologies	View	8.2 / 10	Enterprise imaging software provider with strong recurring revenue growth. Recent contract wins and a shift towards profitability de-risk the investment case, while global expansion offers significant upside.
LDX	Lumos Diagnostics	View	7.5 / 10	Point-of-care diagnostics developer (FebriDx) with growing US distribution. Regulatory approvals and commercial rollout are key catalysts, though cash burn remains a risk factor to watch.

December 2025

8 Dec - 14 Dec

Code	Company	Link	Score	Thesis
WC8	Wildcat Resources	View	7.8 / 10	Lithium explorer focused on the Tabba Tabba project. While the lithium sector remains volatile, aggressive drilling and potential for resource growth keep it as a high-beta play for risk-tolerant investors.
M7T	Mach7 Technologies	View	8.2 / 10	Enterprise imaging software provider with strong recurring revenue growth. Recent contract wins and a shift towards profitability de-risk the investment case, while global expansion offers significant upside.
LDX	Lumos Diagnostics	View	7.5 / 10	Point-of-care diagnostics developer (FebriDx) with growing US distribution. Regulatory approvals and commercial rollout are key catalysts, though cash burn remains a risk factor to watch.

December 2025

1 Dec - 7 Dec

Code	Company	Link	Score	Thesis
COS	COSOL Limited	View	8.0 / 10	Profitable, dividend-paying software small cap. COSOL provides mission-critical asset management software to mining and utility giants. It offers a rare mix of defensive earnings quality and growth potential in the small-cap sector.
IXR	Ionic Rare Earths	View	7.5 / 10	Deep value at current levels. The Makuutu project remains a strategic geopolitical asset for heavy rare earths, and their UK magnet recycling pilot plant offers a unique, near-term commercialisation angle.
4DS	4DS Memory	View	7.1 / 10	A high-risk, high-reward 'penny stock' in the semiconductor space. Their Interface Switching ReRAM technology promises immense speed and efficiency gains. It is a binary bet: if the tech is validated by partners like Western Digital, the upside is significant.

November 2025

24 Nov - 30 Nov

Code	Company	Link	Score	Thesis
M7T	Mach7 Technologies	View	8.2 / 10	Enterprise imaging software provider with strong recurring revenue growth and recent major contract wins. The shift to profitability lowers risk while retaining upside from global expansion.
BLG	BluGlass Limited	View	7.6 / 10	Unique GaN laser manufacturer transitioning from R&D to commercial production. Recent orders from tier-1 customers suggest the technology is gaining traction.
RAD	Radiopharm Theranostics	View	7.3 / 10	Clinical-stage radiopharmaceutical developer with a diverse pipeline and significant recent funding ($40m). High risk/reward play on targeted cancer therapies.

November 2025

17 Nov - 23 Nov

Code	Company	Link	Score	Thesis
COS	COSOL Limited	View	8.1 / 10	Sticky, mission-critical asset-management software and services with recurring revenue across asset-intensive industries, plus bolt-on acquisitions that support steady compounding.
GL1	Global Lithium Resources Limited	View	7.2 / 10	Advanced multi-project lithium developer with significant WA assets offers leveraged exposure to any medium-term lithium price recovery, albeit with execution and capital-cycle risk.

November 2025

10 Nov - 16 Nov

Code	Company	Link	Score	Thesis
LRS	Latin Resources Limited	View	7.3 / 10	Brazilian lithium developer with a large resource base; M&A activity in the sector highlights the strategic value of hard-rock assets despite current market sentiment.
IMU	Imugene Limited	View	6.9 / 10	Clinical-stage immuno-oncology with a broad pipeline; news flow from multiple trials provides catalysts, though funding and clinical risk remain the primary considerations.
NXS	Next Science Limited	View	6.7 / 10	Medical technology company addressing biofilm-based infections; revenue growth is the key metric to watch as they scale commercial operations in the US.

November 2025

3 Nov - 9 Nov

Code	Company	Link	Score	Thesis
PNR	Pantoro Limited	View	7.2 / 10	Gold producer ramping up operations at Norseman; high gold prices provide a strong tailwind if operational stability can be maintained.
VR1	Vection Technologies	View	6.5 / 10	XR and spatial computing play with growing enterprise revenue; still speculative but the tech stack is maturing and finding real-world industrial use cases.

November 2025

27 Oct - 2 Nov

Code	Company	Link	Score	Thesis
IXR	Ionic Rare Earths Limited	View	7.4 / 10	Heavy rare earths developer with a pilot plant in operation; geopolitical tailwinds for non-Chinese supply chains support the long-term thesis despite short-term price weakness.
WC8	Wildcat Resources Limited	View	6.8 / 10	Continuing to track this lithium explorer as drilling defines the scale of the system; volatility remains high but the risk/reward at these levels is attractive for aggressive accounts.
BOT	Botanix Pharmaceuticals	View	7.5 / 10	Dermatology-focused biotech approaching key regulatory milestones; commercialisation execution will be the next major catalyst for a re-rate.

October 2025

20 Oct - 26 Oct

Code	Company	Link	Score	Thesis
WC8	Wildcat Resources Limited	View	6.9 / 10	Sustained volume around $0.20–0.22 keeps it on the radar as a higher-risk lithium momentum name with meaningful upside if project quality is confirmed.
EMD	Emyria Limited	View	6.3 / 10	Small-cap biotech building a psychedelic-assisted therapy pipeline; late-October trading saw heavy volume, but outcomes remain binary around clinical and funding milestones.

October 2025

13 Oct - 19 Oct

Code	Company	Link	Score	Thesis
GL1	Global Lithium Resources Limited	View	7.3 / 10	Mid-October buying around $0.45 suggests accumulation ahead of drilling and study updates, but the name still sits firmly in the high-beta resources bucket.
WC8	Wildcat Resources Limited	View	6.7 / 10	Pilbara lithium explorer with active drilling; price action is choppy but liquidity is strong and any material resource upgrade could be a major catalyst.

October 2025

6 Oct - 12 Oct

Code	Company	Link	Score	Thesis
GL1	Global Lithium Resources Limited	View	7.1 / 10	WA lithium developer with multiple projects where the share price has based out around $0.40, giving leveraged upside if lithium sentiment stabilises.
CC9	Chariot Corporation Ltd	View	6.9 / 10	US-focused lithium explorer with aggressive project pipeline; upside is tied to discovery success but near-term returns are highly sensitive to news flow.

October 2025

29 Sep - 5 Oct

Code	Company	Link	Score	Thesis
APX	Appen Limited	View	7.0 / 10	Legacy AI data-labeling business in deep turnaround; very cheap versus its history but still facing structural demand risks, so position sizing is key.
TGN	Tungsten Mining NL	View	6.8 / 10	Developer of Australian tungsten assets leveraged to the critical-minerals theme, with rising volume and a break away from the $0.07–0.08 base.