What’s Hot – ALY, IMM, OD6, CMO, 6KA, NH3, PIM, MPW & KZR
What’s Not – CRS
What’s Hot
ALY – Alchemy Resources Limited today closed up 33% to finish at 1.2c on $1.4m stock traded. The reason they were up today was because they announced assay results from its Valley Bore Project located in WA.
The maiden RC drill program at the Southern Ridge target has returned assays of up to 20m @ 62.9% Fe (64.8% Fe Calcined) from 14m including 16m @ 64.3% Fe.
Drilling focussed on thick outcropping hematite exposures on the Southern Ridge target area of the Valley Bore Project, marking the first drilling program conducted at Valley Bore.
IMM – Immutep Limited today closed up 25% to finish at 32c on $8.5m stock traded. The reason they were up today was because yesterday after market they announced a strategic collaboration and exclusive licensing agreement was entered with Dr. Reddy’s Laboratories for the development and commercialisation of Eftilagimod Alfa (efti).
I am sure they weren’t too happy with a 6pm release but at least Mr Market didn’t miss it this morning, almost surprised they didn’t get a speeding ticket (you will get that later).
OD6 – OD6 Metals Limited today closed up 21% to finish at 9.7c on $5.3m stock traded. There was no news out today but last week they announced a downhole electromagnetic (DHEM) surveying would commence at the Gulf Creek Copper Project located in NSW.
The program uses four recent diamond drill holes and earlier RC holes to identify conductive anomalies that may represent extensions of known mineralised zones.
These targets are considered blind in the sense that there is no mineralization observed at surface.
CMO – Cosmo Metals Limited today closed up 20% to finish at 1.8c on $1.2m stock traded. The reason they were up today was because they announced assay results from its Bingara Project located in NSW.
The maiden RC drill program at the Spring Creek prospect confirmed the presence of shallow high-grade mineralisation with highlights of 6m @ 9.99 g/t Au from 11m.
Drilling followed up on previous intersections on the southern end of the area that has been subjected to the limited previous drilling, including 6m @ 6.43 g/t Au from 8m down hole.
6KA – 6K Additive Limited today closed up 18% to finish at $1 on $2.2m stock traded. There was no news out today but last week they listed after raising $48m @ $1 through the boys and girls @ Bell Potter & Morgans Corporate.
6K Additive produces high-performance metal powders for additive manufacturing.
6KA’s proprietary manufacturing process allows us to produce powders for aerospace, medical, and industrial applications.
NH3 – NH3 Clean Energy Limited today closed up another 15% to finish at 11.5c on $270k stock traded. There was no news out today but yesterday they announced a memorandum of understanding (MOU) was signed with ITOCHU Corporation regarding the development of clean ammonia bunkering operations in the Asia Pacific region.
ITOCHU is a leader in establishing clean ammonia fuel supply chain and bunkering operations who recently signed a shipbuilding contract for the construction of a 5,000m3 ammonia bunkering vessel.
PIM – Pinnacle Minerals Limited today closed up 11% to finish at 7.9c on $110k stock traded. The reason they were up today was because they announced the recommencement of exploration at its 75%-owned Adina East Lithium project located in the James Bay region of Quebec.
Adina East has been selected for immediate advancement due to its geological setting, proximity to significant recent discoveries and favourable regulatory landscape.
MPW – Metal Powder Works Limited today closed up 11% to finish at $1.51 on $850k stock traded. There was no news out today but last month they announced a business update on its commercially pure titanium (CP-Ti) operations.
MPW has had an increase of five new customers consuming MPW CP-Ti powder during the December quarter to date and advancing customer qualification programs.
KZR – Kalamazoo Resources Limited today closed up 10% to finish at 21.5c on $250k stock traded. There was no news out today but last week they announced a diamond drill rig had been mobilised to its Ashburton Gold Project (AGP) located in the Pilbara region of WA.
The program comprises six diamond drill holes for ~2,600m and is targeting the down-plunge extensions of mineralisation beneath the 2025 Mt Olympus (within the AGP) scoping study pit shell design.
What’s Not
CRS – Caprice Resources Limited today closed down 20% to finish at 10c on $3.6m stock traded. The reason they were down today was because they announced assay results from its Island Gold Project (IGP) located in WA.
The Phase 4 program confirmed strike and dip extensions to the Vadrians lode system, importantly demonstrating that gold mineralisation exists down to at least 400 metres below surface and remains open down plunge.
Some of the best assays included 2.45m @ 1.8 g/t gold from 281m & 1m @ 6.9 g/t gold from 293m.
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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