FFM has reported its best assay results to date from drilling at the Ming Mine, Green Bay Project, Newfoundland. Mineralisation domains may be converging at depth, effectively concentrating mineralisation within a smaller spatial area. Four underground rigs are currently drilling at Ming and the next round of assay results is expected in early-mid January. TheRead more
Sovereign Metals’ (SVM) studies and tests continue to generate positive results. Recent thermal tests have proven Kasiya’s graphite is suitable for use in the traditional refractory sector. Practical mining field trials indicate Kasiya could be mined using either traditional free-dig or hydraulic mining styles. Anode tests on coated spherical graphite derived from Kasiya generated highRead more
NexGen Energy (ASX:NXG, TSX:NXE, NYSE:NXE) has locked in its first set of uranium sales contracts with US utilities. This news signals an a shift towards readying both the Company and Rook I project for full development. Following completion of final Federal technical review by the Canadian Nuclear Safety Commission (“CNSC”) in November, Argonaut expects theRead more
RMS has increased its equity stake in Spartan Resources (SPR AU, SPEC BUY, A$1.80 Price Target) to 19.9% by participating in SPR’s recent share placement. The investment in SPR is now valued at A$400m and accounts for ~14% of our valuation for RMS. The expansion study for Mt Magnet, which will include a larger openRead more
Argonaut recently completed a site visit to DVP’s Woodlawn project where pre-production activities are progressing well, targeting commissioning in the 4QFY25. DVP has built a strong onsite operational team to execute the Woodlawn Restart and work underway at the plant should significantly de-risk the commissioning period for DVP. We reiterate our A$4.50 price target, howeverRead more
CTI has organic and inorganic growth options aided by a balance sheet underpinned by a large, well located property portfolio. The latter largely supports the share price, while the well-managed operating businesses provide valuation upside. BUY maintained on an upgraded valuation of $2.85 (prior $2.75). To access the full report please log in under theRead more
PMT has confirmed that battery grade Lithium Hydroxide can be produced from a sample of CV Pegmatite spodumene. The test work converted CV5 ore to a 6.2% Li2O spodumene concentrate using a simple DMS process flowsheet. Confirming battery-grade Lithium Hydroxide Monohydrate is a key de-risking event for PMT and should enable discussions with potential strategicRead more
The repayment of the gold loan is an important final balance sheet de-risking event for CYL. Delivering on its three-year growth targets is well underway with development of Plutonic East progressing to plan, with production set to commence in early 2025. Our production forecasts for CYL sit at the bottom of the guidance ranges recentlyRead more
WGX has more than doubled the reserve for the Bluebird-South Junction deposit. The upgraded reserve improves clarity over the production outlook for the Murchison operations, with Bluebird-South Junction expected to account for over 40% of gold produced over the next 5-7 years at the Murchison Operations. We note that the average grade of the reserveRead more
GL1’s acquisition of the Talga Project expands its Marble Bar tenement footprint. The consolidated project now contains several precious and base metal targets worthy of further exploration. GL1 is expected to pursue third party involvement to fund regional scale exploration. Final Manna Project approvals and DFS workstreams are being advanced, positioning the company for recoveryRead more
