In Case You Missed It: Iron ore, oil fields and medical diagnostics deals
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.
Mark Creasy backed CZR Resources (ASX:CZR) is selling subsidiary Zanthus Resources, which controls an 85% interest in the Robe Mesa iron ore project, to Miracle Iron Resources for $102m.
Medical diagnostics tech developer for sleep, brain, and ultrasonic blood flow monitoring Compumedics (ASX:CMP) has reported unaudited revenues for H1 FY24 are expected to be a record H1 result of approximately $26m, 35% higher than pcp.
Jupiter Energy (ASX:JPR) says Sproule International’s evaluation of its Kazakhstan oil fields has returned an upgrade to the recoverable reserves associated with Jupiter’s field, with the total Proved, Probable and Possible total now standing at 46,796,000 bbls – which the company says carries an after-tax net present value of ~$US180 million.
Another health diagnostics player Lumos Diagnostics (ASX:LDX) has snagged two agreements with US-based women’s health company Hologic (NASDAQ:HOLX) including for the development of, and intellectual property rights for, custom reader and point-of-care technologies valued at around US$10m.
And Astute Metals (ASX:ASE) says it has generated a highly prospective new iron-oxide copper-gold target at the Leichhardt East prospect of its Georgina IOCG Project, in the NT.
Norwest Minerals (ASX:NWM) has flagged up to 6.2% copper and confirmed a 700m structural target at its Bali copper project in WA.
NickelX (ASX:NKL) is gearing up for a ~1,700m RC drilling program at its Dalwallinu nickel-copper-PGE project in WA later this month, and has executed a finders fee agreement with upcoming IPO Eyre Metals to provide all data and intellectual property for advanced nickel and lithium projects in Central Europe in return for 1,000,000 shares in Eyre.
The Colorado Energy and Carbon Management Commission has approved 4 new proposed helium development wells for Blue Star Helium’s (ASX:BNL) Galatica/Pegasus project.
South Harz Potash (ASX:SHP) says the spatial planning application for its Ohmgebirge project in Germany has now been made available to the public, marking the next phase of the public consultation process as it works towards approval of the project.
Pan Asia Metals (ASX:PAM) has reported up to 1.54% Li2O, 0.35% tin and up to 135ppm tantalum from drilling at the BT prospect of its RK lithium project in Thailand – and expects to release a mineral resource estimate in the near-term.
At Stockhead we tell it like it is. While Norwest Minerals, NickelX, Blue Star Helium, South Harz Potash and Pan Asia Metals are Stockhead advertisers, they did not sponsor this article.