Latest Research

Novo Resources (NVO) - Pilbara Progress

September 29, 2023

Novo Resources holds an extensive tenure package within the Pilbara district which is beginning to bear fruit with two quality targets to be drill-tested this month. In this note, we discuss Novo’s recent exploration progress across its Pilbara Projects and its recent JV deal with major developer De Grey...

New Research - Global Lithium (GL1) - Getting Sorted

September 21, 2023

New ore sorting results by GL1 at Steinert’s Perth trialling facility has achieved improvement to high grade head feed. Previous sorting study results on lower grade material also generated positive results. GL1 has confirmed it will integrate ore sorting technology into Manna’s proposed process plant, improving mill feed grade...

Mining Services September 2023 - Dig The Value

September 18, 2023

Updated views on the sector and key picks post reporting season: A good year, despite challenges: Most companies provided positive updates through FY23 and share prices of companies on our list climbed on average 44% from June 2022 to July 2023. Mixed market response: Nearly all results were in...

Ausgold (AUC) - 3Moz Milestone

September 15, 2023

Ausgold’s recent Katanning (KGP) MRE update saw the project reach the +3Moz mark with a total MRE of 89Mt at 1.06g/t Au for 3.04Moz. The updated KGP MRE delivered a +400Koz increase in contained ounces and an overall 13% increase in grade. In this note, we discuss recent MRE...

Silver Lake Resources (SLR) - No Sugar Coating

September 14, 2023

Corporate development challenges marred FY23. Worth holding as a beat up +200kozspa producer with $330M in the bank plus a fully developed growth asset taking 90,000m of drilling in FY24. To access the full report please log in under the Client Area at the bottom of this page.   Argonaut’s Client Area...

Westgold (WGX) - Two Mines in Two Months

September 13, 2023

The Great Fingall restart is the second mine approved for development in as many months, with an FID for the Big Bell expansion expected this quarter. The restarts and the expansion are necessitated for feed to the Murchison mills. August’s hedge closure assists investment into organic growth, with exploration...

New Research - Leo Lithium (LLL) - Savaged

September 6, 2023

Following a trading halt and then suspension from trading on the 20th of July following receipt of correspondence from the Government of Mali. This week we learned that LLL had received correspondence regarding DSO, status of government interest and issues surrounding the demise of Firefinch’s (ASX:FFX) Morila Gold Mine....

New Research - NexGen Energy (NXG) - Picking Up The Pace

September 1, 2023

We provide a general update for NexGen Energy’s (ASX:NXG, TSX: NXE, NYSE:NXE) Rook I uranium project. Raising of US$110M from two new Convertible Debentures with strategic investors will provide additional financial resources for immediate Rook I field activities. Approvals continue to progress at both Provincial and Federal levels. New...

Austal (ASB) - FY23 Results

September 1, 2023

We have never doubted ASB will keep busy. Our concerns have centred on margin when transitioning from mature to new shipbuild programs. These concerns remain valid. 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...