What’s Hot – AON, TM1, KZR, KRR, RGL, BHL, VRL, PGO, CBY & SRZ
What’s Not – IVZ
What’s Hot
AON – Apollo Minerals Limited today closed up 200% to finish at 3c on $5.2m stock traded. The reason they were up today was because they announced its Couflens exploration permit in southern France had been reinstated for a five-year term.
The Couflens area is located 130km south of Toulouse and covers an area of 42km2 centred on the Salau mine, formerly one of the world’s highest grade tungsten mines.
TM1 – Terra Metals Limited today closed up 67% to finish at 35c on $11m stock traded. The reason they were up today was because they announced assay results from its Dante Project located in WA.
KZR – Kalamazoo Resources Limited today closed up 23% to finish at 24.5c on $1.2m stock traded. There was no news out today but roughly a fortnight ago they announced the commencement of a pre-feasibility study (PFS) for its Ashburton Gold Project (AGP) located in the Pilbara region of WA.
A ~2,600m diamond drilling program at Mt Olympus recommenced in early January and the third planned drill hole (216m) is now complete.
KRR – King River Resources Limited today closed up 20% to finish at 2.4c on $300k stock traded. There was no news out today but last week they released its quarterly report which highlighted the ongoing progress at its Tennant Creek Project located in the Northern Territory.
An ionic leach soil sampling was completed to ascertain the best geochemical method for exploration through varying depths of Cambrian cover and to assist with drill targeting of two priority geophysical targets – Langrenus & BIF Hill East.
RGL – Riversgold Limited today closed up 17% to finish at 2.1c on $1.8m stock traded. There was no news out today but last week they announced assay results from its Northern Zone Gold Project located near Kalgoorlie, WA.
The latest drill program results continue to successfully intersect the mineralised host porphyry over an increasing footprint and consistently validate the broader gold mineralisation model.
BHL – Black Horse Mining Limited today closed up 16% to finish at 60.5c on $210k stock traded. There was no news out today but last week they announced an update for its Mt Egerton Gold Project located in Victoria.
BHL has completed near-surface diamond drilling totals 490m to date in target area B which has previously returned assays of up to 15m @ 3.5g/t Au from 65m & 12m @ 2.24g/t Au from 10m.
VRL – Verity Resources Limited today closed up 15% to finish at 3c on $900k stock traded. The reason they were up today was because they announced assays from its Monument Gold Project located in the Laverton Goldfields of WA.
The Phase 2 program is designed to enhance confidence within the Waihi resource envelope which currently contains 15Koz Au, along with testing extensions along strike and at depth.
PGO – Pacgold Limited today closed up 15% to finish at 15.5c on $1.7m stock traded. There was no news out today but earlier this month they announced an update for its White Dam Gold Project located in South Australia.
Cyanide irrigation is now underway along the western wall of the heap leach pad at the White Dam.
CBY – Canterbury Resources Limited today closed up 15% to finish at 3.9c on $130k stock traded. The reason they were up today was because they announced assay results from the Briggs Project located in Central Queensland.
Briggs is funded under an earn-in joint venture with Alma Metals (ALM.asx) where Alma can reach a 70% JV interest by spending a further ~A$7m before the 30th of June 2031.
SRZ – Stellar Resources Limited today closed up 11% to finish at 4c on $880k stock traded. There was no news out today roughly a fortnight ago they released its quarterly which highlighted the progress made at its Heemskirk Tin Project & East Renison Project which are both located in Tasmania.
Prefeasibility study (PFS) activities continue with resource drilling, metallurgical studies and evaluation of nearby mine infrastructure all progressing well.
What’s Not
IVZ – Invictus Resources Limited today closed down 56% to finish at 5.9c on $8.5m stock traded. The reason they were down today was because they announced an update in relation to the previously disclosed AMOG Joint Venture and Strategic Partnership with Al Mansour Holdings (AMH).
Back in August last year, IVZ announced a strategic partnership with Al Mansour Holdings (AMH) backed by His Highness Sheikh Mansour bin Jabor bin Jassim Al Thani, a senior member of the Qatar royal family.
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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