Latest Research

Firefly Metals (FFM) - All Coming Together

December 10, 2024

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...

Sovereign Metals (SVM) - December 2024 Update

December 8, 2024

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...

NexGen Energy (NXG) - First Utility Contracts

December 5, 2024

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...

Ramelius Resources (RMS) - Increases stake in Spartan Resources to 19.9%

December 5, 2024

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,...

Develop Global (DVP) - Site Visit: Woodlawn

December 5, 2024

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...

CTI Logistics (CLX) - Underpinned

December 5, 2024

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...

Patriot Battery Metals (PMET TSX/ PMT ASX) - Lithium Hydroxide potential confirmed

December 5, 2024

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...

Catalyst Metals (CYL) - Debt free and focused on delivering growth

December 5, 2024

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...

Westgold Resources (WGX ASX/TSX) - Bluebird-South Junction reserves double

December 4, 2024

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...