What’s Hot – AVM, USL, OVT, SS1, IBX, WCE, CR3 & MRZ
What’s Not – AUB
What’s Hot
AVM – Advance Metals Limited today closed up 13% to finish at 9.4c on $670k stock traded. There was no news out today but last week they announced an update on exploration activities underway at its high-grade, 100% owned Yoquivo Silver-Gold Project located in Mexico.
AVM has commenced a high-impact diamond drilling program which will target lateral and depth extensions to the existing foreign estimate at the Pertenencia Prospect which currently comprises 17.23Moz AgEq @ 570g/t AgEq.
USL – Unico Silver Limited today closed up 17% to finish at 69c on $9m stock traded. There was no news out today but earlier this month they raised $40m @ 55c to fast track it’s growth strategy.
At the start of this month they also announced drilling results from its Joaquin Project located in Santa Cruz, Argentina.
Step out drilling at the La Negra SE target has returned up to 54m @ 108g/t AgEq (0.55g/t Au, 55g/t Ag) from 49m including 15m @ 237g/t AgEq.
OVT – Ovanti Limited today closed up 17% to finish at 0.7c on $2.4m stock traded. The reason they were up today was becuase they announced that its U.S. “Buy Now, Pay Later” subsidiary, Ovanti US Inc. trading as Flote, has executed a Letter of Intent (“LOI”) with Miluna Acquisition Corp (NASDAQ: MMTXU) (“Miluna”), a Nasdaq-listed special purpose acquisition company (“SPAC”), for a proposed business combination resulting in Ovanti US becoming a standalone Nasdaq-listed company.
SS1 – Sun Silver Limited today closed up 16% to finish at $1.38.5c on $9.6m stock traded. There was no news out today but last week they announced assay results from its Maverick Springs Silver-Gold Project located in Nevada, USA.
Drilling continues to confirm the continuity, quality, and scale of silver-gold mineralisation with assays returning up to 102.14m @ 105g/t AgEq (72.4g/t Ag, 0.38g/t Au) from 178.92m.
IBX – Imagion Biosystems Limited today closed up 13% to finish at 2.6c on $250k stock traded. The reason they were up today was beuacse they announced that MagSense® HER2 Breast Cancer Investigational New Drug application remains on-track for FDA submission in December 2025.
The Company has recently completed key operational milestones that will now enable it to complete its scheduled lodgment of an Investigational New Drug (IND) submission in December 2025 with the US Food and Drug Administration (FDA).
WCE – West Coast Silver Limited today closed up 12% to finish at 19.5c on $1.5m stock traded. There was no news out today but last week they announced drilling results from its Elizabeth Hill Project located in WA.
Shallow holes continue to show native silver immediately above the historical mine workings, transitioning to silver-bearing minerals near surface.
The two deepest holes drilled to date confirm that the Elizabeth Hill mineral system continues at depth, extending below the historical mine and strengthening the interpretation of a larger, vertically continuous system.
CR3 – Core Energy Minerals Limited today closed up 10% to finish at 1.1c on $110k stock traded. Th reason they were up today was because they announced that it has entered into a binding agreement to acquire from Rio Tinto Desenvolvimentos Minerais Ltda, a wholly owned subsidiary of Rio Tinto plc (“Rio Tinto”), 100% of the Itambe Project in Brazil.
The region is well serviced by infrastructure including hydropower, 60km from Vitória da Conquista airport (easy access from Sao Paulo with daily larger commercial flights) and a port at Ilhéus, approximately 200km to the east.
MRZ – Mont Royal Resources Limited today closed up 10% to finish at 28c on $369k stock traded. The reason they were up today was because they announced the recommencement of key metallurgical test work programs as part of its strategy to rapidly advance the development of the 100%- owned Ashram REE and Fluorspar Project in Northern Quebec, Canada.
Mont Royal has engaged highly regarded rare earth flotation specialists Auralia Metallurgy Pty Ltd to assist with further refinement of the existing flowsheet, building on historical test work from SGS Lakefield that has already produced outstanding results utilising a new and representative bulk sample from the Ashram deposit.
What’s Not
AUB – AUB Group Limited today closed down 18% to finish at $30.63c on $121m stock traded. The reason they were down today was because talks between EQT AB (EQT) and CVC Asia Pacific Limited (CVC) (together, the Consortium) in relation to an unsolicited, confidential and non-binding indicative proposal to acquire 100% of AUB by way of scheme of arrangement for cash consideration of $45.00 for each AUB share has come to an end.
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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