2 ASX small cap stocks indicating early promise

The following two ASX small-cap stocks stand out for their tremendous growth opportunities driven by excellent execution, emerging catalysts and exposure to high conviction long-term trends.
AML3D Limited (ASX: AL3)
AML3D Limited reported a strong December 2025 quarter as customer receipts jumped 360% year-on-year to $2.3 million which highlights momentum from its US scale up strategy.
Orders in hand rose to $16.5 million for FY26 with the help of multiple major contract wins, including a $4.5 million ARCEMY system order from Huntington Ingalls Industries and a $1.7 million order from US defence supplier FasTech.
African Gold Limited (ASX: A1G)
African Gold Limited has surged 23.48% year-to-date and with a current market capitalisation of $457.35 million holds several high-grade gold prospects in Cote d’Ivoire including the Didievi and Konahiri projects.