Metalicity (ASX: MCT, Share Price: $0.064, Market Cap: $22m) is effectively a brand-new zinc/lithium play, following the acquisition of the large and advanced Admiral Bay zinc project in Western Australia in late 2014. The company has also since acquired prospective lithium-tantalum tenements in Western Australia’s Pilbara region, host to some of the world’s largest hard-rock lithium and tantalum projects.
Read MoreKibaran Resources (ASX: KNL, Share Price: $0.18, Market Cap: $30m) is one of our preferred graphite sector exposures due to the highly measured approach the company is taking to achieve production status. Kibaran maintains aggressive exploration and appraisal activity with respect to its various Tanzanian graphite projects, although its flagship Epanko project remains the current focus.
Read MoreStrike Energy (ASX: STX, Share Price: $0.12, Market Cap: $100m) is our preferred ‘unconventional’ energy play. Strike’s focus is on defining the commercial viability and overall resource extent of its emerging Southern Cooper Basin Project, with the ultimate aim of delivering gas under long-term supply arrangements to growing and energy-starved markets in Eastern and Southern Australia.
Read MoreTalisman Mining (ASX: TLM, Share Price: $0.47, Market Cap: $68m) is one of our favourite exploration plays. Its flagship Springfield exploration project in Western Australia involves a seemingly company-making farm-out JV with Sandfire Resources (ASX: SFR), under which Sandfire can earn up to a 70% stake in three of Talisman’s projects by spending at least $15m over a 5½-year period.
Read MoreAs Reuters journalist Alex Lawler reminded us this week, “It used to be said of OPEC that it was like a teabag – it only worked in hot water.” If that’s the case, conditions on world oil markets require OPEC to step up to the plate, with crude oil trading at close-to-seven-year lows of $40 a barrel.
Read MoreThere are varying opinions on the outlook for thermal coal. Whether one is an optimist or a pessimist – or somewhere in between – the reality is that life is set to get even tougher for coal producers.
Read MoreBig-picture explorer with interests in large porphyry copper targets in southern Peru, gold in Burkina Faso and nickel-copper in the Fraser Range province of Western Australia, with major joint venture partners.
Read MoreWe introduced Highlands Pacific to our Portfolio after having closely followed the stock’s progress for several years. A number of important and positive developments have taken place over the past 12 months. Firstly, its share price has stabilized following several years of decline; its Ramu nickel-cobalt project is producing solidly and first cash flows have been received; uncertainty surrounding the Frieda copper-gold project has gone; and corporate interest has grown as metals trader Trafigura boosted its stake to 16%.
Read MoreThe subject of a recent successful merger with Uranium Resources Inc, the company will be able to fast-track development of its flagship uranium deposit in Turkey by relocating URI’s processing infrastructure.
Read MoreMetalicity (ASX: MCT, Share Price: $0.024, Market Cap: $9m) is effectively a brand new zinc play, after altering its business activity from health care to mineral exploration and acquiring the advanced Admiral Bay zinc project in Western Australia. The acquisition was announced in late 2014, however the company had to comply with Chapters 1 and 2 of the ASX Listing Rules, which means it has only just re-listed.
Read MoreAn advanced explorer with a strong technical pedigree that’s pursuing aggressive exploration and appraisal activity with respect to its Tennant Creek acreage, in conjunction with quality partner Evolution Mining.
Read MoreI had the pleasure of attending Read Corporate’s Resources Rising Stars (RRS) conference on the beautiful Gold Coast a few weeks ago.
Read MoreAn advanced explorer with a strong technical pedigree that’s pursuing aggressive exploration and appraisal activity with respect to its Tennant Creek acreage, in conjunction with quality partner Evolution Mining.
Read MoreOrion Gold is a well-managed explorer with diverse commodity and project interests, incorporating the search for epithermal gold at its Connors Arc project in Queensland and nickel in WA’s Fraser Range province.
Read MoreFollowing the sale of its Cameroon project interests for total consideration of $17.5m, Legend has now completed a Fraser Range farm-in deal with Mark Creasy, making it one of the region’s biggest players.
Read More1. Let’s firstly put Glencore’s 30% plunge into perspective – what’s driven the latest market concerns are the company’s high debt levels, however this isn’t something new. It was there when the company merged with Xstratra more than two years ago. What’s exacerbated the situation however has been the subsequent decline in commodity prices and softer Chinese demand, which have placed enormous strain on the company’s balance sheet – and financial viability.
Read MoreAdvanced West African gold explorer that’s pursuing aggressive appraisal and development of its Mankarga 5 gold deposit in Burkina Faso, where maiden gold production is targeted during 2016.
Read MoreAdvanced West African gold explorer that’s pursuing aggressive appraisal and development of its Mankarga 5 gold deposit in Burkina Faso, where maiden gold production is targeted during 2016.
Read MoreOrinoco Gold is an emerging high-grade gold producer in Brazil. The company is minimising risk by developing a low-capex/low-operating cost mining operation at Cascavel, with strong resource upside.
Read MoreAn interesting question was posed this week – is gold demand as tepid as the latest Gold Demand Trends report from the World Gold Council (WGC) seems to suggest? Personally, I have great difficulty believing that gold demand is anything but robust.
Read MoreAn advanced explorer with an excellent technical pedigree that’s pursuing aggressive exploration and appraisal activity with respect to its Tennant Creek acreage in conjunction with Evolution Mining.
Read MoreKibaran Resources (ASX: KNL, Share Price: $0.185, Market Cap: $31m) is one of our preferred graphite sector exposures. We introduced the stock to our Portfolio during April 2014 and our most recent coverage was in our Daily Resources Bulletin on 27th July. Kibaran continues to maintain aggressive exploration and appraisal activity with respect to all its advanced Tanzanian graphite projects, although its flagship Epanko project remains very much the current focus.
Read MoreAn emerging petroleum play with a rapidly growing presence in the unconventional energy sector in South Australia’s Cooper Basin, where a company-making fraccing and flow-testing program is underway.
Read MoreA hugely-credentialed exploration company with a $15m farm-out JV with Sandfire Resources over its Bryah Basin acreage. Drilling has revealed the first regional mineralised sulphides outside of DeGrussa.
Read MoreGold has performed an enormously valuable role as a store of value for thousands of years, throughout most of the world’s civilisations. Unlike currencies, which can wax and wane dramatically in value – and collapse altogether – gold’s value remains intrinsic and remarkably consistent over time. Hence, it has provided an enduring role as an insurance policy in investors’ portfolios.
Read MoreLegend Mining (ASX: LEG, Share Price: $0.01, Market Cap: $18m) was introduced to our Portfolio during April 2011 and our most recent coverage was during August 2014. The company had just finalized the sale of its Cameroon assets to India’s Jindal Steel and Power.
Read MoreA hugely-credentialed exploration company with a $15m farm-out JV with Sandfire Resources over its Bryah Basin acreage. More recently it has acquired the advanced Sinclair nickel project from Glencore.
Read MoreEmmerson Resources is an advanced explorer with an excellent technical pedigree that’s pursuing aggressive exploration and appraisal activity with respect to its Tennant Creek acreage – in conjunction with Evolution Mining.
Read MoreGold Road is a gold explorer that’s aggressively evaluating the large-scale resource potential of its Yamarna project in WA. The company’s production and corporate credentials have been significantly enhanced.
Read MoreOrinoco Gold (ASX: OGX, Share Price: $0.087, Market Cap: $15m) is an emerging gold producer that we’ve been looking to introduce to our Portfolio for some time, based on its outstanding Brazilian project fundamentals. A catch-up at the Resources Round-up in Sydney with management provided reassurance and the perfect opportunity to introduce the stock to readers last week as a Spec Buy around $0.072 – with the stocks already up 21% on our buy-in price.
Read MoreIronbark Zinc (ASX: IBG, Share Price: $0.12, Market Cap: $51m) is the first pure zinc exposure that we have incorporated into our Portfolio since we began way back in December 2010. The rationale for this has been quite clear – zinc has until recently been a poor-performer from a pricing perspective – hence there has been no sound reason to this point to recommend zinc equities. Nevertheless, we have covered zinc extensively from a sector perspective and we have consistently highlighted the looming supply gap that would emerge. We are now approaching a critical point in terms of declining supplies from existing zinc sources, which we believe justifies the introduction of a world-class emerging zinc producer.
Read MoreGold continues to defy the skeptics, demonstrating robust price support as we’ve previously advocated around the $1,200/oz mark. A host of positive factors are driving gold’s resilience – and most of them aren’t new.
Read MoreAn emerging petroleum play with a rapidly growing presence in the unconventional energy sector in South Australia’s Cooper Basin, where a company-making fraccing and flow-testing program is continuing.
Read MoreRox Resources (ASX: RXL, Share Price: $0.03, Market Cap: $25m) is one of our most highly-credentialed exploration plays, with three highly-prospective projects – its Fisher East nickel sulphide project in Western Australia, followed by two secondary projects – the Reward zinc and Bonya copper projects, both situated within the Northern Territory. We introduced the stock to our Portfolio during May and our most recent coverage was in our MineLife Weekly 198 during February 2015.
Read MoreWolf Minerals (ASX: WLF, Share Price: $0.38, Market Cap: $307m) is an emerging tungsten producer focused on the development of its world-class Hemerdon Ball tungsten-tin project in Devon, southwest England. We introduced the company to our Portfolio during February 2013 at buy-in prices of between $0.22 and $0.30. The Hemerdon project is scheduled for first production during H2 2015 and is one of the few new sources of tungsten currently under development anywhere in the world.
Read MoreHighlands Pacific (ASX: HIG, Share Price: $0.066, Market Cap: $61m) is an emerging PNG resource play, with two advanced projects and an early-stage exploration play, which we’ve followed for a number of years via our Watch-List. Various coincident factors have led us to upgrade our recommendation from Watch to Speculative Buy.
Read MoreMatsa Resources is a diverse exploration play, with a focus on nickel sulphide opportunities in Western Australia. Interest is currently being driven by its Symons Hill project, close to Sirius Resources’ spectacular Nova deposit.
Read MoreRumble Resources maintains a highly-experienced technical team and high-quality exploration portfolio, focused exclusively on the emerging Fraser Range province of Western Australia, within two key project areas.
Read MoreWe recently reviewed the crude oil market as it relates to the persistent battle between ‘conventional’ oil producers (like OPEC) and ‘unconventional’ oil led by US shale producers.
Read MoreAusQuest Limited (ASX: AQD, Share Price: $0.02, Market Cap: $6m) has been on our Portfolio Watch-list for several years now, focused on big-picture exploration both here and abroad. Sadly, market conditions over recent years have worked against companies with ambitions of this type, but challenge has also brought opportunity. The company’s exposure to the nickel potential of the Fraser Range province in WA, the copper-gold potential of Peru and gold potential of Burkina Faso is paying dividends.
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DOWNLOAD RESEARCH REPORTSecures binding contract with Tier-1 OEMUS based anode active project gathers momentumMagnis Energy Technologies (MNS.ASX) – MNS is planning an anode active facility in the US and recently announced a binding, yet conditional, contract for the supply of anode active with Tesla. The contract is for a minimum 17.5kt/year with an option to purchase another 17.5t/year. Conditions precedent carry a tight development timeframe, with first production scheduled for February 2025. Site selection is underway and co-locating with an OEM on a brownfields site makes sense. Long lead items have been ordered and detailed engineering and design is expected to commence soon. |
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December Quarterly Report: Q2 FY2023Looking past the rain – there’s a rainbow.TerraCom released their operating results for the December quarter FY2023 with operating metrics being in line with our forecasts. Unseasonal rains in both Australia and South Africa contributed to operational and logistical issues across all mines, however guidance for annual production at Blair Athol is unaffected and highlights the quality of TerraCom’s skills in operational management. We continue to like the stable operating metrics around the company’s Australian operations and see potential for the South African operations to benefit from increased management focus given the rationalisation of operations following the closure of the Ubuntu mine. Corporate Connects overall financials remain unchanged as does our target price of $1.35 share. We maintain our forecast for a fully franked quarterly dividend of 7.5c/share to be paid in the March and June quarters of FY2023. |
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DOWNLOAD RESEARCH REPORTHigh performance synthetic anode & cathode materials Building a US based materials supply chainNOVONIX (ASX:NVX) – is scaling a synthetic anode materials plant in the US and piloting nickel rich cathode material in Canada. Why? China is dominant and growing – 100% of global natural anode and 68% of synthetic anode is refined in China. In short, China controls the global midstream battery chain by controlling 60% of chemical refining, 87% of anode manufacturing, 61% of cathode manufacturing and 73% of battery manufacturing. It is global battery supply and price domination at scale. |
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DOWNLOAD RESEARCH REPORTAntisense Therapeutics (ANP) Taking a Quick Approach to Long COVIDThis report looks at the results of a collaborative study Antisense undertook which looked at the largest protein expression database in Long COVID-19 patients who experienced neurologic symptoms well after the primary or acute SARS-CoV-2 infection was considered over (Groups 1 & 2, with 48 subjects Group 2 comprising a single patient from a different clinical site). The symptoms and others experienced by such patients result in a highly significant amount of illness, possibly more than all primary SARS-CoV-2 infections i.e COVID-19. |
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DOWNLOAD RESEARCH REPORT4Q reveals more focus on profit and cash flow• LBY’s 4Q FY22 quarterly activities update showed continued solid growth in top line metrics, albeit slowing, with GMV of NZ$203m (+26% on pcp) and income of NZ$12.1m (+23% on pcp).
• Net Transaction Margin (NTM) disappointed at -0.5%, due to further increase in credit losses from 4.0% to 4.9% of GMV. However, new fraud and credit risk management tools have seen losses recover materially with NTM back to 1.2% in March and LBY is confident of further recovery in coming months.
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DOWNLOAD RESEARCH REPORTSigns MOU with Ford Company – Kachi is now sold out!Lake Resources (LKE. ASX) – LKE has signed two non-binding MOU’s in the space of 10 days. Ford Company (Ford) has signed an MOU for ~25,000t/year and last week Hanwa, a Japanese commodity trader signed a MOU for up to 25,000t/year. Subject to execution, this is an amazing feat as Ford and Hanwa are prepared to enter into longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing but are expected, especially if Ford & Hanwa inject new equity into LKE, to further de-risk the project financing & thus ensure LKE and Kachi are fully funded. |
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DOWNLOAD RESEARCH REPORTStrategic Vanadium-battery growth with Titanium & Iron earnings resiliencyTNG Ltd is an ASX-listed technology owner and developer of the world-class Mount Peake near-surface vanadiferous titanomagnetite deposit. To unlock value, TNG will concentrate ore from its central Northern Territory mine for processing through its patented TIVAN® process produce three premium quality revenue streams: hi-purity vanadium pentoxide (V2O5) for steel alloys and Vanadium Redox Flow batteries, a quality titanium pigment for paints and a premium steel input with >64%Fe iron ore fines. |
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Promising exploration and development update while SOP prices continue to riseTwo recent gravity surveys have considerably exceeded expectations and revealed potential for extensions to the existing MRE at Lake Throssell, plus a material growth opportunity at Lake Yeo. This reinforces the potential for a multi-decade, Tier-1 SOP production hub based around Lake Throssell. TMG is currently completing work towards the PFS due early 2023, including drilling to start in Q3 2022, evaporation trials and permitting activities. Results from these programs will support the PFS and any future resource upgrade. Benchmark SOP prices have risen to ~US$940/t due to recent geopolitical developments. The Oct 2021 Scoping Study assumed a SOP price of US$550/t and contained a sensitivity analysis showing every 10% increase in price drives a +$144m increase in the project NPV of $364m. The c.70% increase above the Scoping Study thus implies a project NPV of ~$1.4bn. |
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DOWNLOAD RESEARCH REPORTIncreasing our TargetDespite the lower realised oil and gas price, which fell by 5.4% and 19.7% respectively in August, Calima managed to show improvement in its key business metrics. We expect higher production in November due to the contribution by the new Thorsby wells which will be drilled in August/September which will see Calima meet its 2021 production guidance of 4,500 boe/d. |
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DOWNLOAD RESEARCH REPORTEmerging Financial Wealth Advisory GroupWT Financial Group Limited (WTL) is a growing diversified financial services company, founded in 2010 and listed on the Australian Stock Exchange (ASX) in 2015. Its advice and product offerings are delivered primarily through a group of independent financial advisers operating as authorised representatives of WTL under its Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group) dealer group operations. It has around 275 advisers across more than 200 financial advice practices Australia-wide. It also operates a direct-to-consumer operation under its Spring Financial Group brand. |
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DOWNLOAD RESEARCH REPORTImmutep Taking the Fight to CancerIn May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive research report on ASX-listed biotech Immutep Ltd (ASX: IMM). So impressed was he with IMM that Corporate Connect felt it imperative that a follow-up report be released placing a valuation on the company, because the market was not seeing the vast potential of eftilagimod alpha (efti). This follow-up report has been released today. Using comparables, after adding cash back to their EV estimate and dividing by the total number of issued shares, Corporate Connect now places the fair value of an Immutep share at $A2.20. |
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DOWNLOAD RESEARCH REPORTMarket leading lifelong learning platform technology company in Australia and SE AsiaPayGroup (PYG) delivers multi-country BPO services and cloud SaaS HCM solutions, assisting companies to manage employees in multiple, complex jurisdictions. The company has many growth opportunities, including new clients, new jurisdictions, new products, partner expansion, and new revenue sources. PYG’s scalable business model allows operating leverage and with savings from in-housing third party technology, support margin expansion. |
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DOWNLOAD RESEARCH REPORTMarket leading lifelong learning platform technology company in Australia and SE AsiaOpenLearning (OLL) is a higher education technology company that operates a scalable online learning platform through a software-as-a-service (SaaS) business model and provides a global marketplace of high quality courses for learners of all levels. Its primary customers are education providers based in Australia and South-East Asia (primarily Malaysia). OLL started operations in Australia in 2012 and expanded to Malaysia in 2015, Singapore in 2018, and recently also Indonesia. |
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