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What’s Hot – RIM, AUZ, PTR, PIZ, MKR, LV1, PNT, LYN, BRK & SRZ

What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso

What’s Hot – RIM, AUZ, PTR, PIZ, MKR, LV1, PNT, LYN, BRK & SRZ
What’s Not – SBL

What’s Hot
RIM – Rimfire Pacific Mining Limited today closed up 38% to finish at 5.5c on $1.7m stock traded. There was no news out today but last week they announced an update in respect to the termination of the Fifield Project earn-in agreement with Golden Plains Resources.

Golden Plains Resources (GPR) had the right to earn a joint venture interest of up to 50.1% in the Fifield Project.

RIM has exercised a termination right which has arisen as a result of a change of control of GPR following the judgement of the Victorian Supreme Court.

AUZ – Australian Mines Limited today closed up 25% to finish at 1c on $300k stock traded. The reason they were up today was because they announced the commencement of a review of the Flemington Scandium scoping study.

The scoping study review will consider updating the mineral resource of 2.7Mt @ 403g/t of scandium to which approximately 500 drillholes completed between 2019 and 2020 will be added.

The 2017 scoping study found Flemington to have a net present value (NPV) of $255m and an internal rate of return (IRR) of 37.3% using a scandium oxide price of US$1.5m a tonne, the price now sits at around US$3.75m.

PTR – Petratherm Limited today closed up 24% to finish at 5.7c on $100k stock traded. There was no news out today but last month they announced a placement to raise $1.6m @ 3.5c through the boys and girls at Taylor Collison.

PTR has also launched a share purchase plan (SPP) to raise a further $1m under the same terms, the directors have subscribed for $200k of the placement.

So, if you got that SPP document in the mail recently maybe it’s best to have a read & send me some nappies later.

PIQ – Proteomics International Laboratories Limited today closed up 21% to finish at 80c on $2.8m stock traded. There was no news out today but last month they announced results for its world-first diagnostic blood test to identify esophageal adenocarcinoma (EAC), PromarkerEso.

EAC is the predominant type of esophageal cancer with 1-2% of the western population considered at-risk for developing this cancer with a five-year survival rate of 20% due to late diagnosis.

The PromarkerEso blood test utilises glycoprotein biomarkers ‘fingerprints’ in the blood to screen for EAC.

MKR – Manuka Resources Limited today closed up 20% to finish at 5.4c on $320k stock traded. There was no news out today but yesterday they announced its Taranaki VTM (vanadium titanomagnetite) iron sands project had been included in the NZ Government’s fast track projects list.

Once enacted, Manuka will have to make an application to the environmental protection authority to be assessed under the bill.

The vanadium rich iron sands resource has the ability to contribute $1 billion annually to export earnings which would double the entire mining’s sector’s current contribution to NZ’s economy.

LV1 – Live Verdure Limited today closed up 15% to finish at 69c on $200k stock traded. There was no news out today but yesterday they announced $3m was raised through the exercise of 10m options at 30c.

LV1 has also received further commitments of approximately $1.05m through the conversion of existing options.

The proceeds will be deployed towards supporting its AI-growth initiatives, including Edible Beauty, 13 Seeds and Decidr.

PNT – Panther Metals Limited today closed up 15% to finish at 2.3c on $1.1m stock traded. The reason they were up today was because they announced exploration results from its Comet Well and Comet Well South projects located in WA.

Numerous gold nuggets have been discovered during drill preparations, up to 33.62 grams of alluvial gold has been recovered with the largest nugget weighing 8.5g.

Prospecting activities are ongoing to further assess the abundance of gold within the area where the nuggets were discovered.

Panther’s drill program will consist of 7,000m of drilling over 35km of continuous strike which has previously returned intercepts of up to 15m @ 53.94g/t Au from 27m including 1m @ 478g/t from 28m.

LYN – Lycaon Resources Limited today closed up 11% to finish at 30.5c on $200k stock traded. There was no news out today but last month they announced heritage clearance approval was received for its Stansmore Nb-REE/IOCG target located in the West Arunta, WA.

Drilling will target a regionally prominent 500m diameter magnetic feature (Stansmore) and a larger ~3km wide magnetic anomaly (Volt and Ions).

Further geophysical modelling was recently completed which has assisted drill targeting, LYN is aiming to commence drilling in late October, it is expected to take 2-4 weeks to complete.

BRK – Brookside Energy Limited today closed up 10% to finish at 1.1c on $500k stock traded. The reason they were up today was because they announced a production update for four new Flames Maroons Development Plan (FMDP) wells at its flagship SWISH Project located in Oklahoma.

Combined daily production from the new development wells has reached approximately 3,900 BOEPD (barrels of oil equivalent per day) while cumulative production to date is approximately 80,000 BOE (87% liquids).

With FMDP flowback and first sales already established, the FMDP is forecast to produce 715,000 BOE (78% liquids) net to Brookside in its first year of operation and revenue of US$70m in FY25.

SRZ – Stellar Resources Limited today closed up 10% to finish at 2c on $220k stock traded. The reason they were up today was because they announced a drilling update for its Heemskirk Tin Project located in Western Tasmania.

Stellar has completed 2,723m of a 9,500m drill program which is targeting the Severn and Queen Hill deposits.

A third diamond drill rig has now been mobilised to accelerate the program which is aimed at upgrading additional resources, extending mineralisation along trend and providing platforms for DHEM surveys.

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
Rat Consulting Pty Ltd (ABN 81 148 181 588 ) Authorised Representative (No 001281456) of Sanlam Private Wealth Ltd (ABN 18 136 960 775) holder of Australian Financial Services Licence (AFSL 337 927).