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Friday 21 June 2024

What’s Hot – FRE, BUR, RNU, DRO, AKO, STK, IPT & SMI

What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso

What’s Hot – FRE, BUR, RNU, DRO, AKO, STK, IPT & SMI
What’s Not – DUB

What’s hot
FRE – Firebrick Pharma Limited today closed up 52% to finish at 7.9c on $1m stock traded. The reason they were up today was because they announced the launch of its Nasodine Nasal Spray in the US.

Nasodine is a nasal cleanser with the power of povidone-iodine, it can help maintain nasal hygiene by eliminating germs, allergens and other airborne threats that disrupt nasal hygiene.

In the US, Nasodine is manufactured for Firebrick by a contract manufacturer who recently completed their first US commercial batch of finished product.

FRE currently have around 30,000 units available for sale and have already scheduled follow-on production orders, the online retail price for Nasodine is US$24.99.

BUR – Burley Minerals Limited today closed up 38% to finish at 6.5c on $100k stock traded. The reason they were up today was because they announced a placement to raise $1.3m @ 5c in addition to a SPP to raise a further $500k.

he funds raised will be used to progress maiden drilling programs at both the Broad Flat Well and Cane Bore Iron Ore Projects in the world leading Hamersley Iron Ore Province.

Burley recently announced a heritage protection agreement had been signed over the Broad Flat Well exploration license area, Heritage surveys are planned for late-April/early-May.

A mapping and rock chip sampling program was completed in 2023, assay results of the Channel Iron Deposit (CID) samples recorded an average value of 56.3% Fe and a maximum value of 59.4% Fe.

DRO – DroneShield Limited today closed up 19% to finish at $1.12 on $34m stock traded. The reason they were up today was because they announced the NATO Support and Procurement Agency (NSPA) has approved the first Counter-small UAS (C-UAS) procurement framework agreement in NATO history.

The NSPA procurement framework agreement is considered significant in that the total order of magnitude of sales under the NSPA framework over the initial 3 years is expected to be significant.

The NSPA procurement framework agreement is awarded as drones continue to prominently headline in armed conflicts globally, including the Iranian attack on Israel and also ongoing across Ukraine.

RNU – Renascor Resources limited today closed up 27% to finish at 10.5c on $5.7m stock traded. The reason they were up today was because they announced an approved $185m loan facility from the Australian Government.

The loan facility is part of the Government’s $4 billion Critical Minerals Facility and will support the development of RNU’s planned vertically integrated battery anode material manufacturing operation (the BAM Project).

The loan facility comprises a $150m term facility and a $35m cost overrun facility to support any unforeseen increase in capital cost through construction.

AKO – Akora Resources Limited today closed up 17% to finish at 17.5c on $110k stock traded. The reason they were up today was because they announced the receipt of two non-binding indicative offers for a strategic investment.

Back in February, Akora initiated a strategic investor process following the release of a scoping study at its Bekisopa Iron Ore Project located in Madagascar.

The study found Bekisopa to be a low CAPEX case open pit mining operation which could deliver an estimated initial five-year revenue of US$545m for C1 operating costs of US$45 per wet metric tonne (wmt).

STK – Strickland Metals Limited today closed up 12.5% to finish at 13.5c on $4.5m stock traded. The reason they were up today was because they announced the acquisition of a large-scale Rogozna Project in Serbia, located in the globally significant Tethyan Metallogenic Belt.

The Rogozna Project currently contains a JORC compliant Inferred Mineral Resource of 5.44Moz AuEq1 (2.96Moz Au, 214kt Cu and 364kt Zn).

Substantial resource and exploration drilling to immediately commence on transaction completion, with 60,000m diamond drilling campaign to be undertaken through to late 2025.

IPT – Impact Minerals Limited today closed up 11% to finish at 2c on $580k stock traded. There was no news out today but yesterday they announced a maiden drill program had commenced at the Hyperion REE Prospect within its Arkun Project located in WA.

Drilling will test the significant REE soil geochemistry anomaly identified at Hyperion, where results of up to 5,880 ppm total rare earth element oxides and Yttrium (TREO +Y) were reported previously.

SMI – Santana Minerals Limited today closed up 10% to finish at $1.40 on $1.3m stock traded. The reason they were up today was because they announced scoping study results for the Rise and Shine (RAS) discovery within its Bendigo-Ophir Gold Project located over in NZ.

With a conservative base-case of NZ$2,705/oz gold price (currently NZ$3,900 odd), RAS will produce NZ$3,030m in revenue & NZ$1,096m in after-tax profit after 10 years of mine production.

What’s Not

DUB – Dubber Corporation Limited today closed down 55% to finish at 6.1c on $2.1m stock traded. The reason they were down today was because they re-instated after being suspended since late February.

Dubber was suspended from trading after an investigation into account issues came to light in connection with an audit review of its half-year accounts.

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).

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