Key News Overnight: U.S. stocks bounced back on Tuesday as largely on-target inflation data and easing jitters over contagion in the banking sector cooled expectations regarding the size of the rate hike at the Federal Reserve’s policy meeting next week. In This Issue: Centaurus Metals (CTM) | POX Extraction Results | SPEC BUY | AnalystRead more
GL1 has reported an update to both the Manna and Marble Bar Project Resources totalling 50.7Mt at 1.0% Li2O for 507kt of contained Li2O. This represents a 130% increase of contained Li2O units within headline Resources. We compare GL1’s Resource base and provide an update to our valuation. Manna featured as a special mention inRead more
Updated met results exceed our expectations and granting of mining leases is another tick towards development. On our modelling we bump up our assumed average project metallurgical recovery from 92% to 93%, retaining plenty of conservatism. We still assume processing through Dalga. Our valuation improves slightly to $0.40 per share, prior $0.38. To access theRead more
Following a review, we have dropped coverage of the companies listed below. The review considered sector exposures, as well as the number of likely additions to our coverage list in the coming months. The table below summarises the changes, which are effective as at the date of this report. Prior recommendations, opinions, valuations, and targetRead more
Lunnon Metals (LM8) has reported an updated Mineral Resource Estimate (MRE) for the Baker deposit at the Kambalda Nickel Project (KNP), WA. The update highlights the prospectivity of the project for quality nickel sulphide deposits. A new seismic survey over the northern KNP may provide a fast track to future discoveries. To access the fullRead more
Agency and Venue segment revenue in 1Q23 demonstrate the anticipated uplift this year. Our Brewing forecasts are more cautious on short-term sales pricing and costs. Longer-term we expect sales and marketing efforts and opportunities opened up via Agency brands to continue to drive east coast market penetration. To access the full report please log inRead more
After a near record 106 Metals and Mining (M&M) listings on the ASX in 2021, the pace has been maintained with a further 44 hitting the screens in the first half of 2022. Recent market wavering will undoubtedly slow this rate in the near-future, but assumedly the wheels were already in motion for the 17Read more
At an early stage, the Kokoseb gold discovery shows potential to develop into a valuable project. To access the full report please log in under the Client Area at the bottom of this page. Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfoliosRead more
Following completion of a 27 km RC and diamond drill programme, Ausgold has updated its Resource estimate for the Katanning Gold Project. The update has added 320kozs to the overall estimate for 2.2Mozs @ 1.2 g/t Au. The most significant change is to the proportion of the estimate in the higher confidence Measured and IndicatedRead more
Argonaut acted as Joint Lead Manager to a $30m institutional placement (“Placement”) for Lunnon Metals Ltd (ASX:LM8). The Placement was strongly supported by new institutional investors and existing shareholders. Funds from the Placement will be applied towards resource definition, extensional and exploration drilling at the Kambalda Nickel Project, dewatering of the Foster nickel mine, feasibility studies and explorationRead more
