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Thursday 25 July 2024

What’s Hot – WTM, AL3, PNN, AHK, DRE, CCO & AZL

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

What’s Hot – WTM, AL3, PNN, AHK, DRE, CCO & AZL
What’s Not – FMR & CHN

What’s Hot
WTM – Waratah Minerals Limited today closed up 96% to finish at 24.5c on $2.8m stock traded. The reason they were up today was because they announced assay results from its Spur Project located in the Lachlan Fold Belt, NSW.

Results received from a further six holes intersected up to 89m @ 1.73g/t Au, 0.08% Cu from 115m including 57m @ 2.50g/t Au, 0.11% Cu from 115m.

The maiden RC drilling program at Spur was designed to test extensions of shallow epithermal gold mineralisation and investigate a potential link with an alkalic porphyry gold-copper system down plunge.

AL3 – AML3D Limited today closed up 38% to finish at 13.5c on $4m stock traded. There was no news out today but yesterday they announced a ~A$1.1m sale of a 2600 Edition ARCEMY system for use by US Navy component supplier, Laser Welding Solutions (LWS).

The purchase order, issued by Blue Forge Alliance, includes a one-year service and maintenance contract.

The purchase of this initial ARCEMY system follows the recent announcement that LWS is directly leasing, with the option to buy, two additional 2600 Edition ARCEMY systems to support the development of metal 3D printed components for the US Navy Submarine industrial base.

PNN – Power Minerals Limited today closed up 19% to finish at 15.5c on $460k stock traded. The reason they were up today was because they announced the acquisition of the Lĺtio Project located in Brazil.

The Lĺtio Project comprises three granted exploration permits, immediately adjacent and interpreted on strike from Summit Minerals’ (SUM.asx) Equador Niobium Project.

As I’m sure most of you would have read in here, Summit found high grade Niobium and Tantalum at Equador which helped push the share price from 9c to as high as 59c.

AHK – Ark Mines Limited today closed up another 17% to finish at 21c on $100k stock traded. There was no news out today but yesterday they announced an exploration target for its Sandy Mitchell Rare Earths Project located in North QLD.

I actually grazed with the boys today, hence the late release & let’s just say I know a lot more about terrestrial placer rare earth projects and I may or may not have paid the bill.

The exploration target estimated for Sandy Mitchell is 1.3Bt-1.5Bt @ 1,250ppm-1490ppm monazite equivalent which includes a basket of contained heavy minerals (HM) of 15.6Mt-22.3Mt.

DRE – Dreadnought Resources Limited today closed up 14% to finish at 2.4c on $190k stock traded. There was no news out today but roughly a fortnight ago they announced a drill rig had been secured to commence drilling at the Gifford Creek Nb-REE carbonatite targets in July.

Drilling at the Gifford Creek Carbonatite will be targeting extensions to thick, high-grade Nb-REE and areas of deeper weathering with potential accumulations of Nb-REE.

The Gifford Creek Carbonatite is considered to be the regional source of REE and is one of the largest carbonatite complexes in the world.

CCO – The Calmer Co (Formerly Fiji Kava) today closed up 13% to finish at 0.9c on $620k stock traded. The reason they were up today was because they announced a trading update.

June eCommerce sales have increased to $555k up from $496k in May and now surpasses $18,500 per day.

Sales via eCommerce channels grew at an average of 17% monthly over the full FY24 year with an aggregate annual growth rate of 540%.

Notably, their Shopify channel in the USA experienced a twofold increase in sales in June, demonstrating that their strategy to replicate the success of the Australian market through Shopify USA is gaining traction.

AZL – Arizona Lithium Limited today closed up 11% to finish at 2c on $250k stock traded. There was no news out today but last month 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
FMR – FMR Resources Limited (Formerly Applyflow AFW.asx) today closed down 49% to finish at 20.5c on $180k stock traded. The reason they were down today was because they re-listed after being suspended since November last year.

FMR went into suspension under Chapters 1 and 2 (change of business), before announcing in March they would be acquiring the Fairfield and Fintry Projects in Canada.

The Fairfield Project is considered highly prospective for copper deposits since it is strategically located directly along strike from the Dorchester Sediment-Hosted Copper deposit.

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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