What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – FBM, AON, VRL, SGQ, LMS, TMG, CRI, RCM, DTR, COV, ILA, VTM, BHM & HAR
What’s Hot
FBM – Future Battery Minerals Limited today closed up 30% to finish at 5.6c on $770k stock traded. The reason they were up today was because they announced assay results from its Miriam Project located in the Goldfields region of WA.
The Phase 2 program demonstrated an emerging multi-lode gold system at the Forrest Prospect, with extensive oxide and fresh rock mineralisation, which remains open in multiple directions.
AON – Apollo Minerals Limited today closed up 25% to finish at 1c on $2.3m stock traded. The reason they were up today was because they announced an exploration update for its Kroussou Zinc-Lead Project located in Gabon.
A comprehensive review of new mapping and existing exploration and drilling data has led to the identification of a gallium-enriched halo above and within, the sedimentary rocks which host the Kroussou zinc-lead mineralisation.
The highest-grade gallium zones are associated with near surface saprolite and laterite weathering with intercepts including 3.5m @ 36ppm Ga from 0.4m.
VRL – Verity Resources Limited today closed up 24% to finish at 2.1c on $110k stock traded. There was no news out today but last week they announced the completion of drilling at its Monument Gold Project in the prolific Laverton Goldfields, WA.
VRL completed 7 diamond holes for 1,230m at the Korong-Waihi deposits with all holes intersecting the targeted Banded Iron Formation (BIF) and encountered sulphides, veining, shearing and alteration at targeted depth.
The Korong deposit currently contains 3Mt @ 1.4g/t for 139koz Au while the Waihi deposit contains 0.2Mt @ 2.1g/t for 15koz.
SGQ – St George Mining Limited today closed up 19% to finish at 10.5c on $7.1m stock traded. There was no news out today but last month they announced assays from its Araxá Rare Earths and Niobium Project in Minas Gerais, Brazil.
Drilling intersected a broad zone of continuous mineralisation approximately 150m west of the current JORC-compliant mineral resource estimate (MRE) with assays of 87.7m @ 2.95% TREO and 0.41% Nb₂O₅ from 2m.
Notably, the hole was terminated within mineralisation, highlighting untested potential below the current drilling horizon and into fresh bedrock.
LMS – Litchfield Minerals Limited today closed up 19% to finish at 68c on $200k stock traded. There was no news out today but last week they announced a technical update for its Oonagalabi Project located in the NT.
At the Vt1 Conductor, new geophysical results point to a significantly larger and stronger system than previously defined.
Previous drilling in hole OGRC012 returned ~46m of lightly disseminated copper–iron sulphides from 69m.
TMG – Trigg Minerals Limited today closed up 19% to finish at 12.5c on $4.5m stock traded. There was no news out today but last week they announced an exploration update for its Antimony Canyon Project located in Utah.
A comprehensive 43km controlled-source audio magnetotellurics (CSAMT) survey has successfully identified several geophysical features (conductors) coincident with many historical workings.
2D and 3D inversion modelling of the CSAMT data has uncovered a classic and highly prospective geophysical structure suggestive of a large-scale hydrothermal system.
CRI – Critica Limited today closed up 17% to finish at 3.4c on $520k stock traded. The reason they were up today was because they announced results from recent metallurgical test work and geochemical analysis undertaken as part of its mixed rare earth product (MREP) program.
The work confirms that gallium oxide (Ga₂O₃) can be extracted as a potential by-product within its established beneficiation-first and hydrometallurgical flowsheet, delivering approximately 63% gallium recovery to leach solution.
Critica’s flagship Jupiter Deposit contains a mineral resource estimate (MRE) of 1.8Bt @ 1,700 ppm TREO with an average of 39ppm gallium oxide (for 70Kt of contained gallium).
RCM – Rapid Critical Metals Limited today closed up 17% to finish at 4.9c on $300k stock traded. There was no news out today but late last month they released its quarterly report which highlighted the acquisition of the Webbs Consol Silver Project from Lode Resources (LDR.asx).
Webbs Consol lies directly adjacent to its flagship Webbs Project and consolidates contiguous tenure across a high-grade silver belt in the New England Fold Belt.
Webbs Consol holds a maiden mineral resource estimate (MRE) of 1.6Mt @ 636g/t AgEq for ~32Moz AgEq, when combined with the Webbs Project it adds up to ~67Moz AgEq with a combined grade of ~400g/t AgEq.
DTR – Dateline Resources Limited today closed up 16% to finish at 29c on $7m stock traded. There was no news out today but late last month they announced an update on the drilling activities at its 100%-owned Colosseum Gold–REE Project located in California, US.
Three drill rigs are currently operating on site with one diamond rig and two reverse circulation (RC) rigs.
The current drilling phase is focused on compact infill, extensional, geotechnical, and tailings stability holes as part of the bankable feasibility study (BFS).
COV – Cleo Diagnostics Limited today closed up 16% to finish at 51c on $520k stock traded. There was no news out today but last week they announced it has established a significantly larger total addressable market (TAM) for the US with respect to its pre-surgical ovarian cancer test.
Using a comprehensive and detailed insurer dataset, ~3.4 million U.S. women each year were identified with a suspected ovarian or adnexal mass.
Of these, an average ~2 million women per year proceeded to further diagnostic investigation through radiological imaging and/or biomarker testing.
ILA – Island Pharmaceuticals Limited today closed up 16% to finish at 48c on $540k stock traded. There was no news out today but last month they announced further correspondence was received from the FDA in relation to its Type C meeting to advance Galidesivir’s approval pathway.
Galidesivir is a clinical-stage antiviral molecule with a broad spectrum of activity in over 20 RNA viruses, including high-priority threats such as Ebola, Marburg, MERS, Zika & Yellow fever.
Marburg virus disease (MVD) is a severe disease with a fatality ratio of up to 88%, Future Market Insights estimated the Marburg market be valued at approximately US$100.9m annually.
VTM – Victory Metals Limited today closed up 14% to finish at $1.25 on $410k stock traded. There was no news out today but last month they announced the appointment of Emma Doyle as Senior Advisor for U.S. Strategic Engagement.
Emma Doyle served as Principal Deputy Chief of Staff to the President of the United States (The Don) where she directed core West Wing functions and advised the President and his senior leadership team.
Her engagement comes in the wake of the landmark agreement between President Donald J. Trump and Prime Minister Anthony Albanese.
BHM – Broken Hill Mines Limited today closed up 12% to finish at 86c on $760k stock traded. There was no news out today but last month they announced a placement to raise $38.5m @ $1 through Blue Ocean Equities & Peloton Capital.
So they (me too) thought $1 was cheap and got 25 bricks away ($25m), so you could say the bricks are on sale @ 86c these days (if that make sense) – and yes own a few of these too and have since the listing earlier this year.
The funds raised will be used towards an intensified 17,000m infill and exploration program at the Rasp Mine which is designed to expand the Main Lode resource and increase ore production, with expected higher metal grades and lower unit costs.
HAR – Haranga Resources Limited today closed up 11% to finish at 15c on $350k stock traded. The reason they were up today was because they announced an operational update at its flagship Lincoln Gold Project located in California.
Dewatering of the Stringbean Alley Decline reached the first drill position (XC3-Crosscut 3) and continues to progress at the maximum permitted rate.
Currently, Haranga expects to advance at a rate of approximately one crosscut per 10 to 14 days through to XC5, assuming no interruptions occur.
Rats Rant – IMPORTANT INFORMATION
The idea of this report is to be informative and hopefully point out some stocks that you wouldn’t ordinarily have seen during the day, maybe even have a laugh too.This report IS NOT personal advice. Sanlam Private Wealth Pty Ltd DOES NOT PROVIDE personal advice, Sanlam Private Wealth provides General Financial Product Advice.All advice included in The Rat’s Rant is General Advice. Please refer to the General Advice Warning. The views expressed in this report are my views and may not necessarily reflect the same views as Sanlam Private Wealth.It is very important to refer to the ASX website for information on any companies / stock that are contained in this report and as always please consult your financial adviser before acting.
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