What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – T3D, LIT, ADG, REZ, DRE, NH3 & MEU
What’s Not – RTR
What’s Hot
T3D – 333D Limited today closed up 525% to finish at 25c on $360k stock traded. There was no news out today but yesterday they recommenced trading following its recent consultation with the ASX about its Bitcoin Treasury Management Policy.
The purpose of its Bitcoin treasury management strategy is to support its overall business strategy by ensuring enough cash is available for day-to-day operations, whilst identifying opportunities for effective returns on surplus cash.
The Bitcoin Policy is not inconsistent with its existing business, being the creation and sale of products derived from a portfolio of digital assets.
LIT– Livium Limited today closed up 25% to finish at 1.5c on $2.3m stock traded. The reason they were up today was because they announced a term sheet was signed with the University of Melbourne (UoM) to secure exclusive global rights to the use of innovative Microwave technology in REE extraction.
Microwave heating is a promising solution for replacing traditional methods of REE extraction due to its efficient, rapid, and sustainable heating transmission.
Recovery rates of >95% Neodymium (Nd), >80% Praseodymium (Pr) have been achieved in laboratory test work, with potential to achieve >90% Pr with an oxidant.
ADG – Adelong Gold Limited today closed up 20% to finish at 0.6c on $650k stock traded. The reason they were up today was because they announced a strategic placement with Nova Minerals (NVA.asx) to raise $1m @ 0.5c along with Barclay Wells for a further $250k.
This investment represents a significant vote of confidence in Adelong’s project portfolio and clears the path for Adelong to meet its JV funding requirements for the Adelong Gold project in NSW going forward.
Furthermore, this investment enables ADG to deploy its already strong cash balance to rapidly accelerate exploration and drilling across its Victorian Gold and Antimony projects, Apollo and Lauriston.
REZ – Resources & Energy Group Limited today closed up 18% to finish at 2.6c on $300k stock traded. The reason they were up today was because they announced approval was received to amend the mining proposal covering the Maranoa Deposit within its Menzies Goldfields Project located in WA.
This approval represents a step-change in operations at Menzies, allowing REZ to transition from a small-scale trial to full-scale vat leach production of gold.
Upon completion of the current 5,000 tonne trial program, REZ will consider the results and finalise its operating and financing plans for an expansion of production.
DRE – Dreadnought Resources Limited today closed up another 14% to finish at 2.4c on $1.3m stock traded. There was no news out today but yesterday they announced assay results from its Star of Mangaroon Project located in WA.
Assay received from the final 14 infill holes have returned up to 15m @ 20.5 g/t Au from surface including 2m @ 148.0 g/t Au from 4m.
The overall infill program comprises 37 RC holes (2,894m) and 4 diamond holes (308m) and brings drilling to a 10m x 10m spacing within and around the current resource which stands at 56,600t @ 12.8 g/t Au for 23.3Koz.
NH3 – NH3 Clean Energy Limited today closed up 11% to finish at 5.1c on $100k stock traded. There was no news out today but last month they announced the commencement of the front-end engineering and design (FEED) phase of its flagship WAH2 clean ammonia project located in WA.
The WAH2 Project is its flagship project to supply low-emissions ammonia to the decarbonising powerhouse economies of the Asia Pacific as well as being a source of decarbonised ‘bunker’ fuel for powering bulk carriers carrying iron ore from Australia to Asia.
MEU – Marmota Limited today closed up 11% to finish at 4.6c on $800k stock traded. The reason they were up today was because they announced assay results from the Greenewood gold discovery within its Gawler Gold project located in South Australia.
The first batch of assay results from its maiden drilling program at the Greenewood returned assays of up to 24m @ 12 g/t from 20m including 4m @ 38 g/t gold from 24m.
Greenewood represents a plus 500-metre-long zone of near continuous mineralisation having had only had a brief period of exploration by the previous owners.
What’s Not
RTR – Rumble Resources Limited today closed down 16% to finish at 3.2c on $1.1m stock traded. The reason they were down today was because they announced a placement to raise $7m @ 2.5c through Wilsons Advisory & MST Financial Services.
Incoming institutional investor Tribeca Investment Partners has committed to subscribe $2.8m in the placement while the Directors have subscribed for $260k.
In addition to the placement, Rumble has launched a non-underwritten 1 for 12 pro rata non-renounceable entitlement offer to raise up to approximately $2m.
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).