In Case You Missed It: A coal takeover attempt and gold plays round out the day

Estimated read time 4 min read

Stockhead’s In-Case-You-Missed-It highlights today’s most interesting small cap stories that might have slipped beneath your radar.

Below is a wrap of the top 20 performing stocks, by percentage, who made announcements today.

 

ICYMI Leader Board

Code Company Price % Today Market Cap MCM Mc Mining Ltd 0.195 50% $52,874,446 8IH 8I Holdings Ltd 0.009 39% $2,309,127 STK Strickland Metals 0.1525 39% $176,126,071 ME1 Melodiol Glb Health 0.004 33% $11,487,311 PNR Pantoro Limited 0.0415 30% $166,528,976 NXS Next Science Limited 0.315 29% $71,465,300 TZL TZ Limited 0.03 25% $6,162,195 CXU Cauldron Energy Ltd 0.011 22% $8,762,118 SIO Simonds Grp Ltd 0.18 20% $53,985,968 AGN Argenica 0.36 16% $30,736,755 IDA Indiana Resources 0.058 16% $30,621,853 SUV Suvo Strategic 0.03 15% $21,073,340 ZEO Zeotech Limited 0.051 13% $76,766,538 INR Ioneer Ltd 0.175 13% $327,209,080 MZZ Matador Mining Ltd 0.044 13% $14,947,638 AZL Arizona Lithium Ltd 0.018 13% $53,100,576 XGL Xamble Group Limited 0.05 11% $12,787,031 SRK Strike Resources 0.057 10% $14,755,000 NEU Neuren Pharmaceut. 12.34 9% $1,428,926,482 IPD Impedimed Limited 0.125 9% $232,383,357

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South African coking coal producer MC Mining (ASX:MCM) has received a takeover offer from two of the company’s largest shareholders – Senosi Group Investment Holdings and Dendocept.

Strickland Metals (ASX:STK) is expanding its drill program at Marwari, part of the Horse Well prospect at its Yandal gold project, with a further four diamond holes planned.

Pantoro (ASX:PNR) says October’s 2023 estimated gold production from its Norseman project has increased by a further 16% to 6,186 ounces recovered, compared with 5,325 ounces produced during September 2023.

Next Science (ASX:NXS) says a retrospective study on infection rates up to 90 days post Primary Joint Arthroplasties across Hip (THA), Knee (TKA) and Shoulder (TSA) surgery showed its XPERIENCE surgical irrigation had an infection prevention benefit.

TZ’s (ASX:TZL) wholly owned subsidiary, TZI Australia has received a major purchase order for $2.6m for the supply of smart lockers, system electronics and software for a European-headquartered global transport and logistics company. 

 

More Top Small Cap Stories: Friday

 

Maximus Resources (ASX:MXR) has commenced a ~3,000m RC drilling program across its Lefroy lithium project in WA.

iTech Minerals (ASX:ITM) has hit up to 10% total graphitic carbon at its Lacroma graphite prospect in SA.

Anson Resources (ASX:ASN) has begun drilling two priority targets – Ethel Maude (zinc, lead, silver) and Surprise (lead, copper, silver) – at its Ajana project in WA.

Argenica Therapeutics (ASX:AGN) says preclinical data shows its ARG-007 drug inhibits one of the main abnormal proteins which causes Alzheimer’s disease.

Altech Batteries (ASX:ATC) has successfully increased the output capacity of the CERENERGY project from 100 MWh to 120 MWh per annum. 

Taiton Resources (ASX:T88) has kicked off its second drill program at the Merino prospect of its Hideaway project in SA, targeting a ‘significant’ molybdenum anomaly.

Oceana Lithium (ASX:OCN) phase one RC scout drilling at its Solonópole lithium project in Brazil has intercepted multiple thick pegmatites and some anomalous lithium grades at shallow depth. 

Arizona Lithium (ASX:AZL) says the third party Direct Lithium Extraction (DLE) pilot plant has arrived at its facility in Saskatchewan, Canada, with commissioning underway with brine processing to commence to produce a lithium concentrate from the company’s Prairie project.

Indiana Resources (ASX:IDA) says the International Centre for Settlement of Investment Disputes has rendered given Tanzania 45 days to pay up for its unlawful expropriation of the Ntaka Hill nickel sulphide project.

Sprintex (ASX:SIX) has secured $1,091,000 of convertible note funding for the company’s plans to commercialise e-compressor sales opportunities. 

And Tempus Resources (ASX:TMR) has extended the expiry date of the option to acquire Aurora Lithium until 6 November 2023. 

 

At Stockhead we tell it like it is. While Strickland Metals, Maximus Resources, iTech Minerals, Anson Resources, Argenica Therapeutics, Altech Batteries, Taiton Resources, Oceana Lithium, Indiana Resources, Arizona Lithium, Sprintex and Tempus Resources are Stockhead advertisers, they did not sponsor this article.

 

The post In Case You Missed It: A coal takeover attempt and gold plays round out the day appeared first on Stockhead.

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