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

Matsa Resources (ASX:MAT)

Matsa Resources initiated follow-up drilling at the Fortitude North Lake Carey project, where the company found a 22-meter gold intercept grading 9.2 grams per tonne. The drilling program will test for continuity of the mineralization along strike.

Sprintex (ASX:SIX)

Sprintex secured an initial purchase order from Indian distributor Euroteck Environmental, valued at $225,800, as part of an agreement expected to generate over AU$7 million in sales over the next three years. The order comprises a mix of the company's G15 and G25 series blowers, including customized units designed for the Aire-O2 Triton aerators.

G50 (ASX:G50)

G50 started drilling at the Golconda project in Arizona to follow up on its 2023 maiden discoveries, increase the company's knowledge of mineralization depth and strike extent, and explore new targets along strike of strategic and precious metals discoveries.

Metro Performance Glass (ASX:MPP, NZE:MPG)

Metro Performance Glass's directors reiterated that they do not believe it is in the best interest of the company or shareholders to further engage with Crescent Capital Partners' CCP VI Bidco on its conditional acquisition proposal, as it would be unlikely to result in an executable transaction.

Austin Metals (ASX:AYT)

Austin Metals found new high-grade gold mineralization targets at the Austin project in Western Australia. The targets are identified based on historical soil geochemical and geophysical surveys.