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Stocks highlighted in green have made market-moving announcements (click headings to sort).

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Cannabis player Melodiol Global Health (ASX:ME1) has reported a material acceleration in group revenues in the June quarter with strong quarterly growth across the company’s two fully-owned subsidiaries.

For the June quarter, ME1 reported preliminary net sales of $4.74 million, up 105% from the previous quarter and 202% higher than the prior year comparative period.

The increase in net sales takes unaudited sales for the first half of CY23 to $7.05 million, which marks a 64% uplift on H1 CY22.

Group revenues in Q2 were boosted by the strong contribution from its subsidiary Health House International (HHI), a medicinal cannabis distributor which ME1 acquired in May.

ME1 said the acquisition and smooth integration of HHI has materially expanded the scale and market penetration of its international operations.

Arrow Minerals (ASX:AMD) has uncovered two high grade (+58% fe) iron ore targets from rock chip sampling at Kalako, part of the flagship Simandou North project in Guinea.

Scout drilling is continuing, with five holes completed at the Dalabatini target zone and 8 holes completed at the Kowouleni target zone to date.

Corazon Mining (ASX:CZN) has intersected a “substantial sulphide body” at the Fraser Lake Complex, part of the flagship Lynn Lake nickel-copper-cobalt sulphide project in Manitoba, Canada.

One of two drill holes into anomaly MTC3 hit 55.4m of complex sulphide mineralisation, including metre scale intervals of massive sulphide, intermixed with semi-massive to disseminated style sulphide mineralisation.

Unlike many of its peers, CZN is urging caution in assuming nickel grades before the assays are released.

Southern Hemisphere Mining (ASX:SUH) has commenced work on the new Lago Lithium Brine concessions. The Lago Lithium Project includes nine concessions covering an area of approximately 27km2, located near two of the largest lithium operators, SQM and Albemarle, in the renowned lithium-rich Atacama region of Chile. 

An expert Chilean geological consultant has been engaged and work has already commenced.

And IT stock Cirrus (ASX:CNW) announced a collaboration with NASDAQ-listed NVIDIA “to leverage the power of accelerated computing and artificial intelligence (AI) to drive innovation, improve efficiency, and promote sustainability across the Australian resources sector”.

 

At Stockhead we tell it like it is. While Melodiol Global Health and Corazon Mining are Stockhead advertisers, they did not sponsor this article.

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