What’s Hot – MRD, ALV, BMG, KGD, BPM, PNN, SRZ, TSO, RCM, LSR & ADG
What’s Not – TEA
What’s Hot
MRD – Mount Ridley Mines Limited today closed up 64% to finish at 3.6c on $3.9m stock traded. There was no news out today but last week they announced an expansion of its tenure at the Mount Ridley Gallium and Rare Earth Project located in WA.
The new exploration licences significantly expand its footprint over the critical mineral rich, Grass Patch Complex.
The Grass Patch Complex hosts Blocks 1 and 2, which together contain a majority of its inferred Gallium mineral resource estimate (MRE).
ALV – Alvo Minerals Limited today closed up another 51% to finish at 5.3c on $2.9m stock traded. There was no news out today but yesterday they announced drilling results from its Palma Cu-Zn Project located in Brazil.
The first diamond hole drilled at the Touro Prospect has intercepted massive sulphide mineralisation including copper over 13m from 40m below surface.
Drilling intercepted an unoxidized (fresh rock) with massive, semi-massive and disseminated sulphides from 51.5m to 64.6m, a downhole width of 13.1m.
BMG – BMG Resources Limited today closed up 29% to finish at 2.2c on $340k stock traded. There was no news out today but last month they announced an exploration and drilling update for its Bullabulling Gold Project in the Eastern Goldfields of WA.
The first phase of RC drilling has intercepted multiple high-grade gold intercepts with assays of up to 4m @ 10.12 g/t Au from 32m including 2m @ 8.5g/t Au from 78m to EOH (end of hole).
Mineralisation remains open in all directions with several lodes of varying orientation encountered.
KGD – Kula Gold Limited today closed up 15% to finish at 3.8c on $510k stock traded. There was no news out today but last week they announced the North Yilgarn Star Prospect within its Mt Palmer Gold Project had been added to a list of priority prospects for future exploration.
Historical drilling at the North Yilgarn Star Prospect has returned assays of up to 5m @ 6.80g/t from 15m.
At that time the owner was Sons of Gwalia Ltd who had multiple operations in the area, and the gold price was around US$290/oz.
BPM – BPM Minerals Limited today closed up 14% to finish at 16c on $150k stock traded. There was no news out today but on Monday they announced an exploration update for its Forelands Gold Project located in WA.
A regional exploration review and targeting work at the Forelands has confirmed the footprint of a major gold system and defining a pipeline of strong exploration targets for 2026.
The newly identified Bonnie & Clyde Prospect is defined by a ~6km gold-in-soil anomaly and associated with key mineralised structure, the 75km Yellow Dam Shear Zone.
PNN – Power Minerals Limited today closed up 14% to finish at 10.5c on $1.2m stock traded. The reason they were up today was because they announced an update for its Rincon Lithium Project joint venture in the Salta province within the lithium triangle of Argentina.
PNN and its JV partner Navigate Energy have finalised documentation for the creation of the Rincon JV entity and the release of the US$4m investment in the Rincon Lithium Project by Navigate Energy.
Following incorporation of the Rincon JV project company, Power will also transfer the Pocitos project into the Rincon JV.
SRZ – Stellar Resources Limited today closed up 14% to finish at 2.5c on $590k stock traded. There was no news out today but last week they announced a placement to raise $9m @ 2.2c through Taylor Collison.
Just two days later, SRZ announced a further $500k was raised under the same terms to an existing substantial shareholder of the company.
The funds raised will be targeted towards development and exploration costs at the Heemskirk Tin Project in Western Tasmania.
TSO – Tesoro Gold Limited today closed up 11% to finish at 6.9c on $470k stock traded. There was no news out today but roughly a fortnight ago they announced an exploration update for its El Zorro Gold Project located in Chile.
The Pena Blanca target was initially identified through the integration of several geophysical, geochemical and geological datasets, which delineated a large anomaly associated with favourable host geology.
Pena Blanca is a large, 5km-long gold target located approximately 5km south of the 1.82Moz Ternera Gold Deposit.
RCM – Rapid Critical Metals Limited today closed up 11% to finish at 5.2c on $550k 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.
LSR – Lodestar Minerals Limited today closed up 11% to finish at 2.1c on $380k stock traded. There was no news out today but last week they announced assay results from its Neds Creek Gold Project located in WA.
Drilling at the Gidgee Flat Prospect returned high-grade gold mineralisation with assays of up to 13m @ 4.38 g/t Au from 229m including 1m @ 49.60 g/t Au from 230m.
This result validates earlier composite sampling and demonstrates the continuity of gold mineralisation 330m strike from the centre of the Gidgee Flat prospect.
ADG – Adelong Gold Limited today closed up 10% to finish at 1.1c on $300k stock traded. The reason they were up today was because they announced a drilling update for its Lauriston Gold-Antimony Project located in Victoria.
The first two diamond drillholes intersected multiple zones of shearing, quartz veining and sulphide bearing mineralisation consistent with the high-grade Au-Sb system.
Visible gold was recorded at 100.5m within a structurally complex interval.
What’s Not
TEA – Tasmea Limited today closed down 10% to finish at $4.60 on $14m of stock traded. The reason they were down today was because they announced the acquisition of WorkPac Group Pty Ltd.
WorkPac is Australia’s leading workforce solutions provider, the business delivers end-to-end recruitment and staffing solutions across mining, construction, engineering, industrial, defence, health and social care.
In consideration for the acquisition, TEA will pay to $60.7m plus up to $10.5m in earn out consideration payable in cash.
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.
Important Notice
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