Friday 21 June 2024

What’s Hot – REE, FRB, LTP, ELS, SUM, WCN & AZL

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

What’s Hot – REE, FRB, LTP, ELS, SUM, WCN & AZL
What’s Not – GTE

What’s Hot
REE – Rarex Limited today closed up 23% to finish at 1.6c on $190k stock traded. The reason they were up today was because they announced an exploration update from its Khaleesi Niobium-Rare Earths Project located in WA.

Interpretation of extensive, detailed historical geophysical data has highlighted several anomalies and confirmed strong potential for niobium mineralisation.

These anomalies range in size from 1km to 4km and are positioned in a variety of geological settings across the complex.

FRB – Firebird Metals Limited today closed up 19% to finish at 19c on $270k stock traded. There was no news out today but last week they announced an agreement was entered with Zhongji Sunward Technology and its subsidiary Hunan Firebird Battery Technologies (HFBT).

The agreement will see Sunward co-fund and evaluate the commercialisation of HFBT’s unique energy saving rotary kiln system which is still patent pending.

Firebird has designed a calcining unit which reduces energy usage by 80%, significantly further enhancing the cost-efficiency of its proposed Battery Grade High-Purity (MnSO4) Plant.

LTP – LTR Pharma Limited today closed up another 15% to finish at 92.5c on $2.7m stock traded. There was no news out today but last Friday they announced positive initial results from its pivotal bioequivalence clinical study of SPONTAN Nasal Spray.

SPONTAN is an innovative intranasal spray treatment for Erectile Dysfunction (ED), the nasal spray bypasses the digestive system and is designed to overcome certain issues experienced by some patients using other ED therapies, namely oral tablets.

Initial data from the Study shows that SPONTAN reached the same Cmax (maximum concentration) level as an oral administration, despite being administered at a lower dose while also achieving it with an average of 12 minutes compared to 56 minutes in patients receiving oral treatment.

ELS – Elsight Limited today closed up 15% to finish at 55c on $320k stock traded. There was no news out today but roughly a fortnight ago they announced its Halo connectivity platform was selected by ACSL to strengthen its drones’ LTE communications connectivity.

ACSL is the largest Japanese drone manufacturer and logistics drone company, it is developing domestic industrial drones to realise labour-saving and automation of existing industrial operations.

After extensive tests and integrations, ACSL will now start offering its drones with the Halo on-board for beyond vision line of sight (BVLOS) operations.

SUM – Summit Minerals Limited today closed up another 14% to finish at 33.5c on $9.6m stock traded. The reason they were up today was because they announced rock chip assays from its Equador Project located in Brazil.

The assays have confirmed high grade niobium and tantalum over a 1.2km strike length with highlights of 40.84% Nb2O5, 34.16% Ta2O5 & 9,070 ppm partial rare earth oxides (PREO).

Assays have now been sent to another lab so that a full suite analysis on the sample can be contacted, enabling them to announce the TREO percentage as well as potentially other elements contained within the samples.

WCN – White Cliff Minerals Limited today closed up 11% to finish at 2.1c on $600k stock traded. There was no news out today but roughly a fortnight ago they announced preparations were underway for a maiden field campaign at its Nunavut Copper-Gold-Silver Project located in Northern Canada.

The recently acquired Nunavut Project represents a district scale opportunity at the pre-discovery stage underpinned by the presence of both high-grade, volcanic hosted copper-silver lodes and the prospect of large tonnage sedimentary hosted copper deposits.

Samples taken from Nunavut have returned assays of up to 30.7% Cu, 194g/t Ag while trench sampling results have returned 1.13m @ 16.75% Cu.

AZL – Arizona Lithium Limited today closed up 10% to finish at 2.4c on $1.3m stock traded. The reason they were up today was because they announced approval was received from the US Bureau of Land Management (BLM) for a drill and bulk sampling program at the Big Sandy Project located in Arizona.

The drill program is expected to commence in July and will aim at expanding the current total indicated and inferred resource of 32.5Mt @ 1,850 ppm Li for 320.8Kt Li2CO3.

To date, AZL has only drilled 4% of the entire project area, with the upcoming drill program aimed at testing the validity of the estimated exploration target of between 271.1Mt-483.15Mt @ 1,000->2,000ppm Li.

What’s Not
GTE – Great Western Exploration Limited today closed down 30% to finish at 3.3c on $120k stock traded. The reason they were down today was because they announced drilling results from its Fairbairn Copper Project located in WA.

Drilling tested three fixed-loop electromagnetic (FLEM) conductor targets which were spaced between 2km-4km apart.

While samples have been submitted for assaying, it is anticipated that significant copper results will not be received from the trace chalcopyrite intercepts which were recorded.

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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