What’s Hot – VMM, BPM, RKT, SS1, MEU, STK & HTM
What’s Not – DES
What’s Hot
VMM – Viridis Mining and Minerals Limited today closed up 39% to finish at $1.23 on $6.7m stock traded. The reason they were up today was because they announced it has received final approval of its Environmental Impact Assessment (EIA) and Environmental Impact Report (RIMA).
These approvals have granted a preliminary licence (PL) for its Colossus Rare Earth Project located in Minas Gerais, Brazil.
BPM – BPM Minerals Limited today closed up 26% to finish at 17c on $260k stock traded. The reason they were up today was because they announced its maiden drill program was completed at the Forelands Gold Project located in WA.
The RC drill program consisted of 24 holes for 3,180m targeting the high-grade Beachcomber Prospect which has historical assays of up to 3m @ 65.8g/t Au from 25m.
RKT – RocketDNA Limited today closed up 21% to finish at 2.3c on $500k stock traded. There was no news out today but last week they announced a new 12-month order was received from BHP Western Australian Iron Ore (WAIO) for dual xBot deployment.
This order represents RKT’s initial deployment into BHP Iron Ore operations, with mobilisation and operational rollout expected to commence in early 2026, the contract is valued at $350k.
SS1 – Sun Silver Limited today closed up 15% to finish at $1.70 on $7.6m stock traded. There was no news out today but earlier this month they announced an updated mineral resource estimate (MRE) for its Maverick Springs Silver-Gold Project in Nevada, USA.
The MRE has now increased by 59Moz AgEq (silver equivalent) for a total of 539Moz AgEq @ 71g/t AgEq (347.2Moz Ag @ 45.5g/t Ag & 2.25Moz Au @ 0.30g/t Au).
MEU – Marmota Limited today closed up 14% to finish at 12.5c on $670k stock traded. There was no news out today but last week they announced the completion of the stage 2 drill program at its Greenewood gold discovery located in South Australia.
The program was initially planned for 85 holes for 8,500m, although it was extended to 129 holes for 10,117m.
STK – Strickland Metals Limited today closed up 10% to finish at 21.5c on $1.1m stock traded. There was no news out today but last week they announced assay results from its Rogozna Gold and Base Metals Project located in Serbia.
Drilling at the Copper Canyon Deposit has returned assays of up to 134.6m @ 0.6% Cu and 0.1g/t Au from 95.1m, including 16.6m @ 1.6% Cu and 0.1g/t Au from 157.1m.
HTM – High-Tech Metals Limited today closed up 10% to finish at 33c on $100k stock traded. The reason they were up today was because they announced drilling results from its Mt Fisher Project located in WA.
The ~3,000m infill RC drilling program at the Wagtail Gold Deposit commenced in early December and was designed to increase geological confidence within the existing mineral resource which stands at 14.6Koz @ 7.11 g/t Au.
What’s Not
DES – Desoto Resources Limited today closed down 23% to finish at 13.5c on $300k stock traded. The reason they were down today was because they announced drilling results from its Dadjan and Tolé Projects located in Guinea.
Initial reconnaissance drilling was designed to test for gold bearing lodes under artisanal workings at Dadjan and returned up to 1m @ 318 g/t Au from 13m.
Shallow RC drilling at the Tolé Main Zone Prospect include assays of up to 7m @ 0.65 g/t Au from 39m.
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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