Latest Research

K2fly (K2F) Contract Update and Review

December 7, 2022

The flurry of recent contract wins was offset by the news last week that the RIO Ground Disturbance contract has been discontinued. We don’t think it an indictment on K2F’s software given validation by other Tier 1 miners, but it has set back ARR growth. We have lowered forecasts,...

Silver Lake Resources Ltd (SLR) - On The Counterpunch

December 2, 2022

A leaner set of mine plans but still plenty to look forward to at all operations. We expect a cash flow driven recovery in the share price as the June half of 2023 comes into view. To access the full report please log in under the Client Area at the...

New Research - Leo Lithium (LLL) - Risk Reward

December 1, 2022

Goulamina is a standout lithium development located within southern Mali. The project is being developed and will be run under a Joint Venture with Chinese lithium giant Ganfeng. The development of Goulamina is well timed to address apparent insatiable demand for lithium driven by the switch from Internal Combustion...

CTI Logistics (CLX) - Trading Update

November 25, 2022

The recent trading update indicates strong FY22 conditions have extended well into FY23. Looking further out, we would be doing management a disservice if we did not assume at least some gains in revenue and margin were as a result of their efforts and not just due to short-term...

New Research - Global Lithium Resources (GL1) - More Manna

November 22, 2022

GL1 has secured 100% of the Manna Project tenements and associated lithium rights. Consolidation of ownership solidifies GL1’s position, reduces operational complexity, and enhances project security. The transaction was funded by ~A$121M in equity raising, which will also fund the project beyond feasibility study status. Manna featured as a...

WA Gold Explorers/Developers - Gold Projects In Select Non-Producing ASX Listed Companies

November 2, 2022

Argonaut has updated a map outlining select projects in non-producing companies with Resource estimates >1Moz Au, or potential to achieve >1Moz in the near term.  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...

Northern Star (NST) - 2Moz Mission

October 21, 2022

Shareholders are wading through some ordinary returns, and 2026 is a long way away. On the plus side it’s a liquid gold stock with a large reserve base trading at 1.1X NAV. To access the full report please log in under the Client Area at the bottom of this page.  Argonaut’s...

Mining Services - Off The Bench

October 20, 2022

We release an updated chartpack following our prior analysis in July (see “Dust of those notes”, 29th July 2022). Short-term market and economic jitters keep our focus toward the back end of the mining cycle. To access the full report please log in under the Client Area at the...

Red 5 Ltd (RED) - Caught Behind

October 7, 2022

The Company expects vastly improved mine and mill performances in the December 2022 quarter. We prefer to see that, and improving finances, before recommending any investment. 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...