Proactive - Interviews for investors

London's FTSE 100 opened just off the mark as mining companies weighed early on in the first trading day of September.

Rio Tinto, Antofagasta and Anglo American were among those under pressure as the market opened as suppressed iron ore and lower copper prices continued to weigh.

Rightmove soared in the meantime as news broke Australian-listed REA Group was considering a possible takeover offer for the property portal, sending shares up 25%.

Elsewhere, Vertu Motors was among those reporting on Monday, with shares falling as the car retailer reiterated that conditions across the market remained subdued.

Finally, Ashtead Technology slumped early on after its report showed a dip in adjusted half-year profit margins despite soaring revenue growth.

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Stellar Resources Ltd (ASX:SRZ, OTC:SLROF) executive chairman Simon Taylor joins Proactive’s Tylah Tully to discuss an updated scoping study for the 100%-owned Heemskirk Tin Project near Zeehan in Western Tasmania, which highlights strong economic potential and supports the initiation of a pre-feasibility study (PFS).

The study confirms the project’s potential to deliver solid financial returns over a 12-year mine life, with an average annual production rate of 350,000 tonnes, generating 22,818 tonnes of tin concentrate.

Key financial outcomes include a base case pre-tax NPV8% of A$122 million and pre-tax IRR of 33% at a tin price of US$28,000 per tonne, with potential to increase to A$190 million NPV8% and 46% IRR at a higher spot price of US$32,000 per tonne. The project benefits from a low all-in-sustaining-cost (AISC) of ~US$18,260 per tonne of recovered tin and requires a capital investment of approximately A$71 million.

The scoping study also emphasises the project's low environmental impact due to its underground mining approach and the use of 100% renewable power. Stellar Resources is now progressing a PFS which is expected to be completed by the second half of 2025.

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Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO) executive co-chair and acting CEO Mike Spreadborough joins Proactive’s Tylah Tully to discuss progress at the company’s projects in the Pilbara region of Western Australia.

The company has extended the high-grade Main Lode at Nunyerry North to 500 metres of strike, discovering significant gold mineralisation in the process.

At the Egina Gold Camp JV, partner De Grey Mining is advancing the Becher Project with substantial drilling activities while Novo Resources is additionally focusing on targets along the Tabba Tabba Shear Corridor.

Novo recently signed an Aboriginal Heritage Protection Agreement with the Kariyarra Aboriginal Corporation, covering approximately 1,700 square kilometres of Novo’s tenure in the Egina Gold Camp. This also facilitates the acquisition of tenement E47/4703 in the Balla Balla Gold Project. Novo plans to prioritise the Balla Balla project in the fourth quarter, with aircore drilling planned near the Sholl Shear Zone.

The drilling program at Nunyerry North yielded promising results, with key intercepts including:

13 metres at 2.68 g/t gold from 66 metres, including 3 metres at 10.41 g/t.

11 metres at 2.20 g/t gold from 84 metres, including 1 metre at 18.06 g/t.

17 metres at 1.85 g/t gold from 25 metres, including 7 metres at 3.55 g/t.

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WIN Metals Ltd (ASX:WIN) managing director Steve Norregaard joins Proactive’s Tylah Tully to discuss its acquisition of the Palm Springs Gold Project in the Kimberley region of Western Australia.

The company has signed an agreement to acquire the prospective project from Meteoric Resources NL (ASX:MEI). The project includes a mineral resource estimate of 5.6 million tonnes at 2.0 g/t gold, totalling 357,000 ounces, and a production history of 52,000 ounces between 1995 and 1997.

WIN Metals intends to rename the project the Butchers Creek Gold Project.

The transaction involves a cash payment of 1 million, shares worth A$1.75 million and contingent payments based on future gold production. The tenement package includes mining leases, exploration licences and prospecting licences covering 100 square kilometres, with more than 60 known gold occurrences.

WIN plans to initiate a capital raising of at least A$3 million to fund exploration and development. The company will focus on drilling at Butchers Creek and other prospects within the project area. The acquisition is subject to shareholder approval and regulatory consents.

Norregaard said the acquisition was of strategic importance in providing a new direction for the company.

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Proactive's Billy Farrington takes Stephen Gunnion through recent movements in the cryptocurrency market, particularly focusing on Bitcoin. Farrington highlighted that Bitcoin experienced a volatile week, with prices dropping by 5% against the dollar, driven by ongoing recession fears in the U.S. and significant outflows from Bitcoin exchange-traded funds (ETFs).

He explained that these ETF outflows, which totalled approximately $300 million, added downward pressure on Bitcoin prices. However, there was a slight recovery towards the end of the week as on-exchange Bitcoin balances decreased, indicating that investors were moving their holdings into cold storage rather than trading them.

Farrington also touched on the ongoing relationship between Elon Musk and Dogecoin, including a recent court ruling that dismissed a class action lawsuit against Musk. The judge ruled that Musk’s tweets were aspirational and not grounds for market manipulation claims.

For more insights into the crypto market and detailed analysis, visit Proactive's YouTube channel.

Don’t forget to give the video a like, subscribe to the channel, and enable notifications for future content.

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The FTSE enjoyed a bright start on Friday, gaining 31 points to reach 8,411. This took the index ever closer to its record high seen in May of 8,447 in intraday trading and an 8,445 close.

The move up came despite little company news and another tough night for Nvidia.

Traditional safe stocks such as utilities and property groups were going well in early trades, particularly Land Securities and power group SSE.

Nvidia shed almost US$200 billion of its value overnight after investors digested its results; this had a knock-on effect UK investor Scottish Mortgage Investment Trust, which was one of the FTSE 100’s few early losers.

Elsewhere, house prices climbed by 2.4% in the year to August and at their fastest pace since December 2022, according to figures from building society Nationwide.

A lot of business headlines also focused on Government plans to make a four-day work week a right for staff with no loss of pay. Businesses are said to be unhappy about the proposals that would see people work extra hours each day to make up the time.

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archTIS Ltd (ASX:AR9) CEO Daniel Lai joins Proactive’s Tylah Tully to discuss its 2024 financial year, which was highly successful with the company reporting a 54% increase in revenue and a positive operating cash flow of A$1.6 million.

archTIS is known for its secure collaboration solutions for sensitive information and achieved record-breaking cash receipts of more than A$12 million, a 159% increase compared to 2023.

This growth was driven by significant increases in both licensing and service revenues, leading to a 79% rise in gross margin dollars and a gross margin percentage of 60%.

The company also surpassed A$4 million in annual recurring revenue (ARR) and reduced its annual operating expenses by 21%.

Key client wins, including contracts with the Australian Department of Defence, NATO and global defence suppliers, contributed to a net annual revenue growth of 104%. A strategic partnership with Microsoft further enhanced archTIS's position, with the company being named a finalist in the Microsoft Security Excellence Awards 2024.

Lai expressed confidence in the company’s future, citing strong market demand and a robust pipeline of opportunities. Following the release of the financial report, the company's shares rose almost 9% on the ASX.

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Reconnaissance Energy Africa CEO Brian Reinsborough joined Steve Darling from Proactive to provide an update on the company’s financial performance for the recent quarter, highlighting several key developments.

Reinsborough discussed the progress on the Naingopo exploration well, which has reached a depth of over 2,400 meters (7,875 feet). This well is a significant project, targeting 181 million barrels of unrisked prospective light/medium oil resources or 937 billion cubic feet of prospective natural gas resources.

In addition to operational progress, the company made a strategic move by entering into a definitive farm down agreement with BW Energy. This agreement involves the sale of a 20% working interest in Petroleum Exploration Licence 73, located in northeast Namibia. As part of the deal, BW Energy has made a $22 million strategic equity investment in Reconnaissance Energy Africa to support a multi-well exploration program. The agreement also includes contingent payments of up to $171 million, which will be triggered upon meeting certain development, production, and cash flow milestones.

Reinsborough also highlighted the company’s ongoing efforts to improve its financial health. Reconnaissance Energy Africa has achieved nearly a million dollars in savings on General and Administrative (G&A) costs in Q1 2024 compared to the same period last year. Additionally, the company has announced its inaugural Sustainability Report, which will be made available on its website in the coming weeks. This report will provide insights into the company's commitment to sustainable practices and its impact on the environment and communities in which it operates.

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BioHarvest Sciences CEO Ilan Sobel joined Steve Darling from Proactive to discuss the company’s impressive financial and operational results for the second quarter of 2024. For the first time, BioHarvest Sciences reported revenue surpassing the $6 million mark, reaching $6.03 million. This represents a 119% increase compared to the $2.8 million reported in the same quarter the previous year, and a 13% sequential growth from the first quarter of 2024.

Sobel highlighted that the company's gross margins improved to 52% in the second quarter, up from 40% in the same period the previous year. This improvement is attributed to ongoing margin optimization efforts. In the U.S., total subscribers to the VINIA® product line increased by 135% compared to the same quarter in the previous year. A major contributor to this growth was the VINIA business, which set a new record for monthly sales orders in May 2024, achieving $2 million in sales—a 101% increase compared to May 2023. The company anticipates that revenues in the third quarter of 2024 will be at least $6.5 million.

Additionally, Sobel shared exciting news about the company's VINIA® Superfood Coffee and Decaf Coffee. This "functional" coffee product line, which integrates BioHarvest's VINIA Red Grape Superfood into a premium coffee in Keurig-compatible pod format, has surpassed $1 million in cumulative sales since its launch in December 2023. The company is also planning to introduce new Nespresso-compatible pods before the end of the year, further expanding its product offerings and market reach.

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Firefly Neuroscience Executive Chair Dave Johnson joined Steve Darling from to announce the company's strategic partnership with the Neurology Consultants of Dallas (NCD). This collaboration aims to enhance early detection efforts and improve disease management for patients experiencing cognitive decline.

Johnson explained that NCD will integrate Firefly's Brain Network Analytics (BNA) technology into their patient workflow. This partnership also includes conducting clinical studies to identify biomarkers that could predict the onset of dementia, potentially optimizing patient care pathways.

Furthermore, Johnson emphasized the significance of establishing a cognitive baseline for every patient. By doing so, healthcare providers can more accurately monitor cognitive changes over time, facilitating the early detection and effective management of cognitive decline. The incorporation of BNA technology is anticipated to revolutionize neurology testing across the United States, promoting the widespread adoption of advanced diagnostic tools and benefiting millions of patients.

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