By Peter Milios | More Articles by Peter Milios
In a bid to capitalise on the surging demand for critical metals, Elementos (ASX:ELT) is making significant strides with its two development assets in highly regulated mining jurisdictions in Andalucía, Spain, and Tasmania, Australia. The company is strategically positioned to exploit the growing global electronics industry and address the impending supply shortfall of tin in electronic solder. Anionic Polyacrylamide
Elementos' primary focus is on the Oropesa Tin Project in Andalucía, Spain, where it is advancing through regulatory approvals and conducting a Definitive Feasibility Study (DFS) to formalize the project's technoeconomic parameters and financial returns. The ultimate goal is to secure financing and offtake agreements for the construction of the project, ultimately delivering the European market's first major tin mine.
Here are the quarter highlights for Elementos:
Oropesa Tin Project – A Strategic Asset
The Oropesa Tin Project, located in the Guadiato Valley, Andalucía, Spain, is strategically positioned within the European Union and boasts one of the world's largest undeveloped open-cut tin deposits. With access to world-class infrastructure, the project is well-positioned for development.
Elementos is in advanced stages of the Definitive Feasibility Study (DFS) for Oropesa and is in ongoing negotiations with authorities to secure major project approvals. The company is actively engaged with Andalucían government stakeholders, both departmental and political, and believes that significant progress has been made towards resolving major issues related to project modifications and licensing.
Elementos announced a maiden zinc Mineral Resource Estimate (MRE) of 23.75 million tonnes at 0.42% Zn for the Oropesa Tin Project in November 2023. This development allows Elementos to recover and produce a saleable zinc concentrate, offering environmental, mining, and economic benefits alongside tin production.
The incremental costs associated with zinc production are expected to be relatively minor, making it a viable by-product stream to consider for inclusion in the project's Definitive Feasibility Study (DFS).
Zinc production will not impact the main tin concentrate production at Oropesa, and the previously reported Tin MRE remains unchanged at 19.6 million tonnes at 0.39% Sn.
Elementos' commitment to the Oropesa Tin Project and its exploration efforts in Tasmania reflect its dedication to securing a prominent position in the global tin market, supporting the booming electronics industry and addressing the impending tin supply shortfall. The company's strategic initiatives continue to progress, promising a bright future in the critical metals sector.
Peter Milios is a recent graduate from the University of Technology - majoring in Finance and Accounting. Peter is currently working under equity research analyst Di Brookman for Corporate Connect Research.
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ABx Group have announced another significant increase to the Mineral Resource Estimate (MRE) at the Deep Leads Ionic Adsorption Clay (IAC) Rare Earths deposit in Northern Tasmania.
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Increases across the board for the Deep Leads Resource – Grade, tonnage & target area ABx Group have reported a 30% increase to their Mineral Resource Estimate (MRE) at the Deep Leads Ionic Adsorption Clay (IAC) Rare Earths deposit in Northern Tasmania. The increase to the MRE comes from 36 assayed step-out holes – representing a significant extension to the north for the existing Deep Leads prospect.
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CTQ has developed a leading proprietary assistive living technology platform (Sofihub) with a portfolio of best-in-class solutions for the global aged care, home care, disability care and personal security sectors. Key products include falls detection, vital signs monitoring and medication management.
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The record high coal prices seen in 2022, combined with continual operating improvements at their Blair Athol mine in Australia, has enabled TerraCom (ASX:TER) to resume dividend payments to shareholders in the first half of FY2023 and will continue to allow it to pay healthy dividends in the future.
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TerraCom released their operating results for the December quarter FY2023 with operating metrics being in line with our forecasts.
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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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We initiate on RareX Ltd with a A$0.12 price target – risked at 25%
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This 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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TNG 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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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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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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WT 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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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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PayGroup (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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OpenLearning (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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