What’s Hot, Not & Doing
Brought to you by TSN Contributor & Wealth Advisor Nick Kelso
What’s Hot – MTH, LYN, ASB, SIX, VTX, SKS, AWJ & TRE
What’s Not – NTU
What’s Hot
MTH – Mithril Silver and Gold Limited today closed up 52% to finish at 19c on $700k stock traded. The reason they were up today was because they announced exploration results from its Copalquin District property located in Mexico.
A LiDAR survey was completed over its full 70km2 of mining concessions that cover the Copalquin gold-silver district.
The survey has revealed 7 historical mine shafts, 93 historic mine tunnels (previously known ~50), 198 historic mine and prospecting pits (previously ~30) and four corridors of historic workings across the district (previously 2).
ASB – Austal Limited today closed up 21% to finish at $2.70 on $13m stock traded. The reason they were up today was because they announced a US$450m (A$670m) contract was awarded by General Dynamics Electric Boat.
The contract will enable Austal USA to expand production capacity at its US shipyard in support of the U.S. Navy Submarine Industrial Base (SIB).
Austal is Australia’s global shipbuilder and defence prime contractor designing, constructing and sustaining some of the world’s most advanced commercial and defence vessels.
LYN – Lycaon Resources Limited today closed up 19% to finish at 28.5c on $620k stock traded. The reason they were up today was because they announced heritage clearance approval was received for its Stansmore Nb-REE/IOCG target located in the West Arunta, WA.
Drilling will target a regionally prominent 500m diameter magnetic feature (Stansmore) and a larger ~3km wide magnetic anomaly (Volt and Ions).
Further geophysical modelling was recently completed which has assisted drill targeting, LYN is aiming to commence drilling in late October, it is expected to take 2-4 weeks to complete.
SIX – Sprintex Limited today closed up 15% to finish at 6.2c on $210k stock traded. There was no news out today but last month they announced a strategic update along with a market outlook.
Sprintex is a prominent company specialising in the engineering, research, product development, and manufacturing of ultra high-speed electric motors and clean air compressors.
Sprintex has secured significant partnerships in Europe, Turkey, and China, with expected revenues of $14.75m from the China market alone.
SIX is advancing in the clean energy sector through collaborations with U.S. and European manufacturers, developing custom compressors and blowers for sustainable energy systems, contributing to the global push for greener technologies.
VTX – Vertex Minerals Limited today closed up 14% to finish at 16c on $160k stock traded. There was no news out today but last week they announced an operational update for its Hill End Project located in NSW.
Vertex identified that pre-concentration of ore using TOMRA Laser Sorter technology should have a significant impact on the sustainability and profitability of the mining operation at the Reward Gold Mine.
The ore sorting technology can separate high-grade gold bearing quartz ore from the barren sedimentary country rock before it enters the processing stream.
SKS – SKS Technologies Group Limited today closed up 11% to finish at $1.35 on $150k stock traded. There was no news out today but roughly a fortnight ago they announced a $20m data centre contract extension was secured with Built Australia.
The contract is for an extension of works related to the $90m international hyperscale data centre project in Melbourne that was announced back in July.
The latest forecasts for the development of data centre infrastructure in Australia align with global trends, with expectations reaching a value of $7.7 billion by 2029.
AWJ – Auric Mining Limited today closed up 10% to finish at 31.5c on $500k stock traded. There was no news out today but last week they released its half year financial report which highlighted an adjusted profit of $1.36m.
The Jeffreys Find Gold Mine has been a focal point of Auric’s operations, the commencement of the second stage mining activities resulted in the successful sale of 1,256 ounces of gold at an average price of $3,549 per ounce, generating $4,457,343 in revenue.
AWJ’s entitlement to its share of profit, including work in progress was $2m.
Mining operations continue at Jeffreys Find Gold Mine with a clear aim to increase on last year’s production, reflecting the project’s robust potential and the company’s operational efficiency.
TRE – Toubani Resources Limited today closed up 10% to finish at 29c on $250k stock traded. There was no news out today but late last month they announced a placement to raise $10m @ 17c through Canaccord, Wallabi Group & Euroz Hartleys.
Toubani directors have all subscribed for shares along with Paradice Investment Management who will maintain its 9.9% interest.
The funds raised will underpin its dual-track strategy to drive the Kobada Gold Project to shovel-ready status and pursue resource growth opportunities across its highly prospective tenure.
What’s Not
NTU – Northern Minerals Limited today closed down 13% to finish at 2.1c on $500k stock traded. The reason they were down today was because they announced a placement to raise $43m @ 1.9c through the boys and girls at Petra Capital & Argonaut Securities.
NTU has also launched a share purchase plan to raise a further $5m under the same terms to existing shareholders.
The funds raised will be used to support current operations and advancement of its Browns Range Heavy Rare Earth Project towards production.
This will include the completion of a definitive feasibility study (DFS) and exploration activities to increase the project’s resource base.
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).