In Case You Missed It: Drilling, more drilling and not much else on a quiet day for announcements
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, that made announcements today.
Dateline Resources (ASX:DTR) let us know that drilling is underway at the company’s Colosseum Gold Mine in California, with the first hole now complete, which should allow Dateline to test down plunge extensions previous exploratory hole CM23-08, as well as test a revised sedimentary breccia model at the site.
Blue Star Helium (ASX:BNL) has announced that it has successfully drilled the intermediate hole section of the BBB #33 helium well at its high-grade Voyager helium development in Las Animas County, Colorado.
Brazilian Rare Earths (ASX:BRE) is shifting gears in Brazil’s east after the company announced an “accelerated” consolidation plan at the Rocha de Rocha Rare Earth Province. BRE shared today it has signed a binding option agreement to acquire the “advanced” Sulista Rare Earth project, 80km southwest from its existing Monte Alto project. The acquisition of Sulista adds more than 100sq km of exploration licences to BRE’s portfolio. Peers in the area include Australian Mines (ASX:AUZ) which announced in December it was moving into the neighbourhood with its Jequie rare earths project, adjacent to BRE.
Carbonxt Group (ASX:CG1) had a bit of housekeeping to announce – the completion of non-renounceable pro-rata entitlement offer to existing shareholders, which saw the company raise $1.84m before costs, with a total of 30,589,440 new Shares set to be issued.
Flynn Gold (ASX:FG1) has revealed that first assay results from recent diamond drilling have confirmed potential for significant polymetallic gold and critical minerals mineralisation at the Firetower Project in northwest Tasmania.
Rent.com.au (ASX:RNT) has issued a trading update, outlining the company’s recent successes from its rental payments platform, which has now processed more than $200 million worth of rent payments since it was relaunched two years ago, with the platform currently handling around $15 million in payments every month.
Trinex Minerals (ASX:TRX) moved a fair way this morning after dropping an investor presentation on the ASX before lunch.
Volt Resources (ASX:VRC) provided an update on progress at the 100%-owned Bunyu Graphite Project, Tanzania, following the company delivering on its promise to mine 113 tonnes of graphite ore, which has since been converted into graphite concentrate and supplied, as negotiations for an offtake agreement continue.