SmallCaps Podcast

NickelX (ASX: NKL) managing director Matt Gauci joins Small Caps to discuss the company's early success with its foray into Canada's rich uranium mining sector.

The company recently announced it had identified significant uranium mineralisation at its new Elliot Lake project in Ontario.

NickelX's exploration team has identified three priority target areas with a first pass geological review.

Two of the areas have been historically proven to contain mineralisation over a combined 35 km strike of prospective tenure.

NickelX staked areas covering 4 highly prospective uranium targets at Elliot Lake in mid-February.

The new project lies in the Elliot Lake Uranium district which historically produced around 360 million pounds of uranium from 13 underground mines.

Back in WA, NickelX recently commenced an RC drilling program at the Dalwallinu nickel project.

Article:
https://smallcaps.com.au/nickelx-targets-uranium-riches-canada-historic-elliot-lake-district/

For more information on NickelX:
https://smallcaps.com.au/stocks/asx-nkl/

See omnystudio.com/listener for privacy information.

Premier1 Lithium (ASX: PLC) chief operating officer Richard Taylor joins Small Caps to discuss the commencement of the company's drilling campaign at the Abbotts North Project in Western Australia.

The company is following up on a machine learning generated target at Abbotts North Project, where a 2,000m RC program has been designed to test the depth and extent of the mineralised pegmatite field.

At the Buttamiah prospect several parallel lithium bearing pegmatites have been mapped and sampled.

The drilling campaign will help provide Premier1 with a deeper understanding of Abbotts North, where it has an option to acquire 100% of the project from a private vendor.

The innovative explorer is at the forefront with the use of the latest AI and machine learning technology to help it identify and secure a portfolio of rights in a premier hard rock lithium jurisdiction.

Article:
https://smallcaps.com.au/premier1-lithium-commences-drilling-lithium-pegmatite-targets-abbotts-north/

For more information on Premier1 Lithium:
https://smallcaps.com.au/stocks/asx-plc/

See omnystudio.com/listener for privacy information.

RareX (ASX: REE) chief executive officer James Durrant joins Small Caps to discuss plans to potentially fast-track the development of its Cummins Range rare earth element project in Western Australia.

The company is focused on off-take opportunities at Australia’s largest undeveloped rare earths project.

RareX is now preparing for the submission of project approvals and securing offtake agreements in the lead up to the conclusion of a pre-feasibility study.

It is also preparing to test near-mine anomalies with the potential to add material value to the project.

Elsewhere, RareX has allocated business development capacity to Canada where it has identified advanced rare earth deposits as being attractive complementary acquisition opportunities.

RareX remains bullish on the longer-term outlook for rare earths, which are expected to see over 6% compound annual growth rates year-on-year for the foreseeable future.

Articles:
https://smallcaps.com.au/rarex-advances-cummins-range-explores-new-global-rare-earths-opportunities/
https://smallcaps.com.au/rarex-advances-rare-earth-deposit-wa-cummins-range/

For more information on RareX:
https://smallcaps.com.au/stocks/asx-ree/

See omnystudio.com/listener for privacy information.

Tambourah Metals (ASX: TMB) chairperson Rita Brooks joins Small Caps to discuss the company’s recent drilling success at a number of historic gold projects in WA and the continuing potential of its lithium prospects.

Tambourah recently completed 17 RC drill holes for 2,684m at the historic Tambourah King and World’s Fair gold prospects within its Pilbara projects.
The company successfully returned to the site of a historic gold rush with the first ever RC drilling campaign at World’s Fair and subsequently received exciting initial assay results from the program.

Drilling at Tambourah King and World’s Fair was designed to test the grade and continuity of mineralisation in accordance with previous drilling interpretations and intersected mineralisation within two parallel gold lodes approximately 8m apart.

On the critical minerals side, Tambourah recently obtained rock chip samples up to 3,660 parts per million lithium, 4,251 parts per million tin and 129 parts per million tantalum at the Shaw River project.

In late January, the company obtained promising first-pass rock samples at the Haystack Well project of up to 7,910 parts per million lithium with associated elevated caesium and tantalum from pegmatite, pegmatite reaction zones and pegmatite float.

Articles:
https://smallcaps.com.au/tambourah-metals-lithium-exploration-stellar-results-wa-shaw-river/
https://smallcaps.com.au/tambourah-metals-promising-lithium-anomalies-initial-sampling-haystack-well/

For more information on Tambourah Metals:
https://smallcaps.com.au/stocks/asx-tmb/

See omnystudio.com/listener for privacy information.

Barton Gold (ASX: BGD) managing director Alexander Scanlon joins Small Caps to discuss the recent drilling successes at the historic Tunkillia gold project in South Australia.

The company obtained consistent high-grade gold hits, including the sighting of visible gold, in two areas where it is looking to add to the current 1.38 million ounce JORC resource.

Earlier this month Barton obtained promising drilling results for the Area 51 gold zone, located around 4km northwest of the main 223 deposit area.

New work at Area 51, the fifth new gold zone Barton had confirmed within this radius during the past 2 years, has extended mineralisation to over 700m, with a significant ‘core zone’ identified.

At Area 191 Barton is unveiling an emerging high-grade resource target with the highest-grade assays yet obtained at Tunkillia.

Notably the potential high-grade system is located just to the northeast of the current JORC resource.

Previously drilled by Barton in August 2021, the Area 191 gold zone currently extends around 250m to 300m in width and approximately 650m in strike length.

Barton is now undertaking an infill drilling campaign at Area 191 to further validate the results from previous campaigns.

Articles:
https://smallcaps.com.au/barton-gold-tunkillia-resource-upgrade-exceptional-drilling-area-191/
https://smallcaps.com.au/barton-gold-high-grade-area-51-expanding-tunkillia-project-potential/

For more information on Barton Gold:
https://smallcaps.com.au/stocks/asx-bgd/

See omnystudio.com/listener for privacy information.

Lithium Universe (ASX: LU7) chief executive officer Alex Hanly joins Small Caps to discuss the company's decision to commence metallurgical testing on sources of spodumene from around the globe.

The company's strategic move is in response to what it describes is a “lithium conversion capacity gap” in the North American market.

It is already bringing in samples from Australia and South America, featuring various lithium grades as part of its metallurgical laboratory processing in the company’s contracted laboratory.

Lithium Universe proposes to utilise a spodumene testing process flow sheet developed for the company’s Québec Lithium Processing Hub (QLPH) refinery.

The help oversee the operation, the company has brought in the internationally regarded lithium expert Dr Jingyuan Liu.

The plan is that he will utilise a testing protocol which matches the lithium carbonate process established for the company's proposed Québec lithium carbonate refinery.

Lithium Universe views the current short-term dip in lithium prices as an advantageous window for finalising feasibility studies before the onset of the next cycle.

Articles:
https://smallcaps.com.au/lithium-universe-north-american-market-gap-global-spodumene-testing/
https://smallcaps.com.au/lithium-universe-quebec-carbonate-refinery-site-port-access-considerations/

For more information on Lithium Universe:
https://smallcaps.com.au/stocks/asx-lu7/

See omnystudio.com/listener for privacy information.

West Cobar Metals (ASX: WC1) managing director Matt Szwedzicki joins Small Caps to discuss the company's plans for its promising Salazar rare earth element (REE) project in Western Australia.

After a highly active year of exploration and acquisitions, West Cobar is preparing to undertake drilling and metallurgy studies to further confirm the potential of Salazar.

A 2023 review of the asset produced an updated exploration of 800 to 1250 million tonnes at 1050 to 1350 parts per million total rare earth oxides (TREO) and 101 to 154 million tonnes at 4.6 to 5.4% TiO2.

A key component of its 2024 exploration campaign is a large upcoming aircore drill program which has been designed to consolidate that exploration target estimate.

The drilling results will also be considered in a future update of the JORC mineral resource estimates (MREs) at Newmont and O’Connor.

The current estimate for the two deposits including a total rare earths mineral resource of 190 million tonnes of 1172 parts per million TREO, an inferred titanium mineral resource of 29 million tonnes of 5.0% TiO2 and an inferred alumina mineral resource of 4 million tonnes at 29.6%, with the potential for high purity alumina feedstock.

The flagship Salazar project is situated in the Esperance district, approximately 120km north-east of the port and all tenements are located on non-agricultural undeveloped state land.

Articles:
https://smallcaps.com.au/west-cobar-metals-high-grade-ilmenite-potential-salazar-ree-project/
https://smallcaps.com.au/west-cobar-metals-prepares-major-drilling-program-salazar-ree-project/
https://smallcaps.com.au/west-cobar-metals-upgrades-exploration-targets-salazar-ree-project/

For more information on West Cobar Metals:
https://smallcaps.com.au/stocks/asx-wc1/

See omnystudio.com/listener for privacy information.

Wide Open Agriculture’s (ASX: WOA) chief financial officer Matthew Skinner joins Small Caps to discuss the company’s expansion plans.

The regenerative food and agriculture company recently signed a new distribution deal with Japanese trading house Nissei Kyoeki which will take Buntine Protein product into Asia.

Wide Open and Nissei have initially agreed to collaborate to develop the market for lupin-based proteins in Japan, with the Australian firm initially supplying its Japanese partner with Buntine Protein samples from its Kewdale facility in WA for evaluation by Japanese customers.

The Nissei deal follows on from a string of agreements and activities which Wide Open reached in 2023 that have provided the company with a strong foothold in Europe.

Wide Open has also recently secured exclusive sales partners in a number major markets including the US, Australia, New Zealand and the Pacific Islands.

The company is bringing a differentiation strategy to commodity proteins which normally require the inclusion of other ingredients to achieve the taste, texture, gelation, and solubility requirements for recipe development, while the company’s technology is overcoming those issues.

Articles:
https://smallcaps.com.au/wide-open-agriculture-continues-global-expansion-strong-start-2024/
https://smallcaps.com.au/wide-open-agriculture-japanese-market-nissei-kyoeki-collaboration/
https://smallcaps.com.au/wide-open-agriculture-global-expansion-2024-lupin-protein-innovation/

For more information on Wide Open Agriculture:
https://smallcaps.com.au/stocks/asx-woa/

See omnystudio.com/listener for privacy information.

Surefire Resources (ASX: SRN) managing director Paul Burton joins Small Caps to discuss the company's ground-breaking achievement in successfully extracting vanadium directly from magnetite concentrate from its 100% owned Victory Bore project in Western Australia.

The test work process achieved a significant 91% extraction result on the vanadium ore after a 96-hour leach directly from magnetite concentrate using Surefire’s pre-leach treatment intellectual property.

The company also obtained a bonus extraction rate of 88% titanium from the Victory Bore ore.

The company is targeting the emerging vanadium battery sector in Australasia with a clean high purity vanadium electrolyte.

As part of that plan, Surefire recently executed a non-binding memorandum of understanding with Saudi Arabian company Ajlan & Bros. Mining and Metals.

The signing of the MOU with Ajlan is part of the company’s business development strategy to have a Saudi partner to jointly progress a feasible development pathway for the project, and to take advantage of the incentives available in the Kingdom of Saudi Arabia for resource projects. 

Articles:
https://smallcaps.com.au/surefire-resources-breakthrough-vanadium-extraction-victory-bore-project/
https://smallcaps.com.au/saudi-arabia-accelerates-diversification-lithium-gold-sectors

For more information on Surefire Resources:
https://smallcaps.com.au/stocks/asx-srn/

See omnystudio.com/listener for privacy information.

Frontier Digital Ventures (ASX: FDV) founder and chief executive officer Shaun Di Gregorio joins Small Caps to discuss how the company’s Latin American business is helping to power its operations as it enters what looks to be another strong year of expansion.

The performance of the Latin American operations was a standout when the leading online marketplace business recently reported its fourth consecutive quarter of positive operating cash flows.

The total FDV group reported operating revenue of $21.7 million in 4Q 2023 included a record $14.4 million from its 360 LATAM business.

The December quarter result also highlighted the consistent execution of the company’s strategy and the strength of its online marketplaces model.

Over the past year, FDV has undertaken significant work in the areas of cost base optimisation, operational and product enhancements, and rebranding of the regions, designed to strengthen the businesses and enhance the long-term equity value of each region.

This has positioned the company for a new phase focused on growing earnings and cash flows, underpinned by sustainable long-term revenue growth.

Article:
https://smallcaps.com.au/frontier-digital-ventures-fourth-consecutive-cash-flow-positive-quarter/

For more information on Frontier Digital Ventures:
https://smallcaps.com.au/stocks/asx-fdv/

See omnystudio.com/listener for privacy information.