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Argonaut acted as Joint Lead Manager and Bookrunner to the A$30 million placement. The bookbuild generated strong support received from leading domestic and international institutional investors. Funds will be applied towards ongoing activities across Brightstar’s portfolio, including accelerated mining and production activities at Brightstar’s Laverton Hub and further drilling (resource definition and greenfield exploration) acrossRead more

Argonaut acted as Joint Lead Manager and Joint Bookrunner to the Two Tranche Placement of Turaco Gold Limited (ASX: TCG). Proceeds from the placement will be used to accelerate resource growth and drilling for new discoveries at the Afema Gold Project in southern Cote d’Ivoire. The Placement was strongly supported by new and existing AustralianRead more

Argonaut acted as Co-Manager to the A$65 million institutional share placement of FireFly Metals Limited (ASX: FFM). A further 100,000m of resource extension, in-fill, DHEM discovery and regional drilling is planned at Green Bay. Proceeds will also underpin Phase II of the underground exploration drill drive development, pre-construction and study works and final payment forRead more

Argonaut acted as Sole Lead Manager to the placement of Magnetic Resources NL (ASX: MAU). The proceeds enable Magnetic to advance resource definition drilling, deeper drilling for resource expansion, exploration drilling and ongoing feasibility work. The placement was strongly supported from several new and existing professional, sophisticated and institutional investors. Argonaut is delighted to haveRead more

Perenti had provided comprehensive guidance so there were no surprises for us in the results, although worth highlighting the strong free cash flow of $184M and continued improvement in balance sheet metrics. New FY25 EBITA guidance of $325-345M implies earnings growth of 4-10% and we edge our forecast higher accordingly. Scale, consistency, balance sheet strength,Read more

Despite undertaking an exhaustive approval process with various NSW State and Federal Government departments, the development of the McPhillamys project has been dealt a fatal blow with an 11th hour Declaration of Protection by the Federal Minister for Environment and Water, which now requires a new location for the tailings dam. RRL has noted thatRead more

Perseus Mining (ASX:PRU) has announced it has acquired a 17.27% interest in PDI’s current shareholding. A positive step for the Bankan Project capturing interest from a major West African producer. We make a slight increase to our Price Target to $0.46 ($0.45 prior). Our valuation is driven higher by gold price movements and a loweringRead more

Drilling at Kokoseb continues with three rigs currently onsite targeting resource infill and extensions to the 2.12Moz Kokoseb MRE. We update our WIA valuation to capture recent gold price movements which drives our price target higher to $0.28 ($0.23 prior). Speculative Buy maintained. To access the full report please log in under the Client AreaRead more

A strong FY24 result from NRW, with EBITA of $187M (as expected after recent guidance) and a solid year-end balance sheet. Outlook was upbeat and guidance comfortably ahead of consensus on the back of expected margin gain. BUY on a lifted valuation of $3.75 (prior $3.40), the improving quality of earnings, growth potential, and balanceRead more

Uranium equities were sold off recently following the news that production by Kazatomprom would remain unchanged. It appears the market had speculated there would be production cuts related to tight availability of sulphuric acid. PDN has retracted to within range of our Price Target, prompting a recommendation update from Sell to Hold. Execution of theRead more