What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – AQD, HYD, IFG, G88, PXX, RKT, CRI, BXN & BUS
What’s Not – OCT
What’s Hot
AQD – Ausquest Limited today closed up 243% to finish at 2.4c on $4.2m stock traded. The reason they were up today was because they announced assay results from its Cangallo Porphyry Copper Project located in southern Peru.
The maiden drill program has returned multiple wide intercepts of significant copper and gold mineralisation with assays of up to 348m @ 0.26% Cu, 0.06 ppm Au from 6m & 188m @ 0.28%Cu, 0.07ppm Au from 214m.
Assay results for the six outstanding drill-holes are expected by early February with broad zones of continuous visible copper mineralisation evident.
HYD – Hydrix Limited today closed up 170% to finish at 2.7c on $1.7m stock traded. The reason they were up today was because they announced its subsidiary Hydrix Services entered into a $2.8m contract extension with leading European medical device company Paul Hartmann AG.
The Hartmann Group is one of the leading European providers of professional medical and care products and associated services.
The contract extension represents a further stage of works that Hydrix Services will undertake for Hartmann, as part of a multi-stage product development program.
IFG – InFocus Group Limited today closed up 50% to finish at 2.4c on $1.1m stock traded. The reason they were up today was because they announced $500k in total cash receipts was received from GBO Assets.
The funds received were part of an initial $1.2m contract to develop a digital and social gaming platform, VigoBet Tech.
Additionally, GBO Assets has provided positive initial feedback to InFocus, with both parties expecting that the second phase of works (valued at US$2.5m) will commence immediately following the completion of the first phase this quarter.
G88 – Golden Mile Resources Limited today closed up 43% to finish at 1c on $130k stock traded. The reason they were up today was because they announced exploration results from the Aurora Prospect within the Pearl Copper Project located in Arizona, US.
Six initial samples of brecciated, shear hosted ferruginous quartz veins were taken with each sample ultimately returning highly anomalous gold and silver assays.
The Aurora Prospect is located approximately 800m to the east of the Pearl Mine workings at the Odyssey Prospect, some of the best assays returned were 10.8 g/t Au & 33.9 g/t Ag.
PXX – PolarX Limited today closed up 21% to finish at 0.85c on $170k stock traded. There was no news out today but back in November they announced assay results from its Caribou Dome Project located in Alaska.
Assays from the final two holes have extended the high-grade mineralisation to depths of more than 300m with highlights of 20.5m @ 1.7% Cu + 2.5 g/t Ag from 212.8m including 1.3m @ 5.9% Cu + 10.4 g/t Ag.
The copper and silver grades intersected in both holes are significantly higher than the average mineral resource grades for Caribou Dome of 3.1% copper.
Caribou Dome’s mineral resource estimate currently stands at 7.2Mt @ 3.1% copper and 6.5 g/t silver for 224Kt of contained copper & 1.5Moz of contained silver.
RKT – RocketDNA Limited today closed up 14% to finish at 1.2c on $160k stock traded. The reason they were up today was because they released its quarterly report which highlighted a 21% quarter-on-quarter revenue increase to $2.061m.
A combination of strong project revenues and xBot hardware deliveries added to ongoing revenues from customers who are transitioning to paid xBot arrangements following successful proof of concept trials.
RKT’s deployment of its xBot platform to the Kamoa Copper Mining Complex in the Democratic Republic of Congo (DRC) signifies its first international export.
CRI – Critica Limited today closed up 12% to finish at 1.9c on $280k stock traded. The reason they were up today was because they announced initial metallurgical test work results from its flagship Jupiter Project located in WA.
Initial test work delivered excellent beneficiation outcomes using composite sample of typical Jupiter mineralisation, including low in-situ thorium and uranium.
A 51kg sample composited from seven representative drill holes was provided with an overall head assay grade of 1,430ppm TREO.
BXN – Bioxyne Limited today closed up 11% to finish at 3.1c on $410k stock traded. The reason they were up today was because they released a revenue guidance which highlighted a 267% increase in revenue to $12.6m for H1FY25 in comparison to the last quarter.
BXN has achieved record second quarter trading for FY25 as a result of several major contracts, a growing customer base & an expanding product range.
BXN anticipates delivering four consecutive quarters of positive cashflow generation in FY25 and delivery of positive EBITDA for H1 FY25 and full year FY25.
BUS – Bubalus Resources Limited today closed up 10% to finish at 17c on $120k stock traded. The reason they were up today was because they announced the appointment of Brendan Borg as managing director (previously non-exec director).
Mr. Borg has 28 years’ experience in mineral exploration, resource development, mining operations and executive management in a wide variety of mineral commodities and jurisdictions.
Mr. Borg is currently a director of battery minerals explorer Kuniko Limited (KNI.asx) and lithium developer Leo Lithium Limited (LLL.asx).
What’s Not
OCT – Octava Minerals Limited today closed down 15% to finish at 11c on $300k stock traded. There was no news out today but last month they announced drilling was completed at the Discovery Antimony Prospect within its Yallalong Project located in WA.
There was 41 RC holes drilled for a total of 2748m, drilling successfully provided visual confirmation of antimony mineralisation at Discovery.
Historic drilling completed at Discovery has returned assays of up to 7m @ 3.27% Sb from 12m including 1m @ 11.5% from 18m.
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).