What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – ARN, I88, MDI, CY5, AI1, RGL, C29, IMC & CPO
What’s Not – AXE
What’s Hot
ARN – Aldoro Resources Limited today closed up 41% to finish at 10c on $860k stock traded. The reason they were up today was because they announced metallurgical results from its Kameelburg Niobium-REE Project located in Namibia.
The initial beneficiation phase comprised of an open cycle of crushing, grinding, magnetic separation, acid wash and floatation.
Aldoro achieved a successful open cycle niobium recovery level of 62.4% for a selected sample, the forward process will focus on a finer grind and micro floatation to increase the grade and recovery further.
I88 – Infini Resources Limited today closed up another 24% to finish at 92c on $3.4m stock traded. There was no news out today but last week they announced exploration results from the Talus Uranium Prospect within its Portland Creek Project located in Newfoundland, Canada.
Re-assaying of 17 soil samples above the laboratory limited have returned up to 74,997 ppm U3O8 (7.5%), with 7 samples returning over 3% U3O8.
The results are located within a ~235m x 100m zone and coincide with a historic radon gas anomaly, the zone remains open to the east and west.
MDI – Middle Island Resources Limited today closed up 24% to finish at 2.1c on $250k stock traded. There was no news out today but last Friday they announced drilling had commenced at its Barkly Copper-Gold Super Project located in the NT.
I actually bought a few on Friday as I do know the boys on the board pretty well and was impressed with their resident rock kicker (Roland) who was kind enough to talk me through the upcoming drill program that certainly wasn’t put together overnight.
I will try and share some of that with you soon in the What’s Doing section sometime soon but in the meantime DYOR and good luck with the drill bit boys.
CY5 – Cygnus Metals Limited today closed up 21% to finish at 5.2c on $120k stock traded. The reason they were up today was because they announced a placement to raise $3m @ 3.5c through the boys and girls at Canaccord Genuity & Euroz Hartleys.
Cygnus’ major shareholder and friend of the rant Steve ”where’s the gold” Parsons and all the current directors have committed to contributing a total of $580k to the placement.
The funds raised will be utilised for exploration activities across its existing project portfolio and due diligence costs associated with potential acquisitions.
AI1 – Adisyn Limited today closed up 18% to finish at 3.3c on $180k stock traded. The reason they were up today was because they announced a binding collaboration agreement was entered into with 2D Generation Ltd.
2D Generation is an Israeli high-tech company specialising in graphene-based solutions for the semiconductor industry.
The collaboration is poised to advance the development of high-performance, energy-efficient semiconductor solutions crucial for AI and data centres.
2D Generation is a founding partner of EU’s Connecting Chips program with partners including NVIDIA, IMEC, Valeo, Applied Materials, NXP and Unity.
RGL – Riversgold Limited today closed up 17% to finish at 0.7c on $390k stock traded. The reason they were up today was because they announced exploration results from its Tambourah Project located in WA.
A site visit to sample multiple prospects, including Logans Find, Lone Star, Hawkstone, Shaw Mullock and Trafalgar has returned rock chip assays of up to 21.78% copper and up to 101g/t (3.2oz/t) gold
The site visit has validated the historical exploration results and confirmed an anomalous copper and gold trend over a 12km strike length.
Back in May, RGL raised $1.85m @ 0.55c with the funds to be used to accelerate exploration drilling efforts on the Northern Zone Gold Project.
C29 – C29 Metals Limited today closed up 12% to finish at 9.5c on $75k stock traded. There was no news out today and nor has there been since back in April they released its quarterly report which highlighted the acquisition of the Ulytau Uranium Project located in Kazakhstan.
The Ulytau Uranium Project contains a non-JORC foreign estimate of 9.85M/lbs @ 2,790ppm U3O8 with multiple foreign drill intersects greater than 40m in width and above 6,000ppm U308 from 3m.
C29 will immediately commence ground geological works through its established in country network, including identification of historic drill collars, field mapping and further technical document & data translation to establish a new geological database.
IMC – Immuron Limited today closed up 10% to finish at 9.5c on $140k stock traded. The reason they were up today was because they announced record sales of Travelan.
Travelan is an over-the-counter immune supplement that targets pathogenic bacteria and the toxins they produce in the gastrointestinal (GI) tract.
Sales of Travelan in Australia increased 236% to $3.7m for the full financial year to June 2024 compared to $1.1m for FY23.
IMC also had record sales in the US of $1.1m which was an increase of 74% on the previous corresponding period.
CPO – Culpeo Minerals Limited today closed up 10% to finish at 5.3c on $150k stock traded. There was no news out today but last week they announced assay results from its Lana Corina Project located in Chile.
Drilling has increased the intersection of near-surface, high-grade copper mineralisation with an intercept of 454m @ 0.93% CuEq.
Below the outcropping high-grade breccia/porphyry hosted copper mineralisation, the current drillhole has intersected several wide zones of significant molybdenum with assays results of 1,638ppm Mo (0.68% CuEq) over 46m.
What’s Not
AXE – Archer Materials Limited today closed down 22% to finish at 28c on $1.3m stock traded. The reason they were down today was because last Friday after market they announced the resignation of the CEO Dr Mohammad Choucair.
Mohammad had worked at Archer for 7 years and retired for personal reasons, he will step down from the role in January next year.
AXE today announced Dr Simon Ruffell had been promoted to Chief Technology Officer (CTO) to ensure a smooth transition and the continued growth of its two key projects.
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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