Digging a little deeper

Research combines comprehensive reports as well as short focused notes.

Benchmark and leave your mark

Get the recognition your project deserves

30th Oct 2019 - Blackstone Minerals Ltd (ASX: BSX) company profile

This is a new research and analytics product, which has the following characteristics: 

  • Short with good readability (compared to a comprehensive research report)
  • Focused on strategy and value-add with opinions, estimates and some benchmarking
  • Receiving high viewing on social media platforms such as Linked IN 
  • Effective introduction of the company to new investors for the preparation of a roadshow or distribution at conferences
  • Content can be easily amended as the company reaches new milestones 

Sep 2019 - Silver Market Analysis

Simply click chart to access a 20+ slide presentation including a brief analysis of the silver market and some benchmarking of ASX-listed companies with exposure to silver.

Arcadia SC6.5 with 0.33% Fe2O3

Arcadia SC6.1 with 0.52% Fe2O3

Arcadia PT4.2 with 0.08% Fe2O3

14th Sep 2019 - Low Iron Petalite and Spodumene Concentrates

This 2-page note focus on the specifications, rarity and uses of low iron lithium concentrates.

20th Aug 2019 - Research Report on Gulf Manganese Corporation Ltd (ASX: GMC)

Gulf Manganese Corporation is targeting low and medium carbon ferromanganese production using high quality manganese ore from West Timor, Indonesia. The research report includes a high level review of the manganese ore and ferromanganese markets.

3rd Jun 2019 - Research Report on Xanadu Mines Ltd (ASX: XAM)

The research report on Xanadu Mines Ltd includes comprehensive benchmarking of large copper projects such as porphyry copper-gold and porphyry copper-molybdenum deposits:

  • copper equivalent tonnage vs grade
  • capital intensity and initial mine life
  • operating costs

March 2019 - Petalite Characteristics and Market

This 2-page research note focuses on petalite, a lithium mineral used in various industries such as glass and ceramics, tiles, projector lenses and alloys

Distribution

Our research benefits from an extensive distribution network through a number of platforms including Evolution Equities, Fundexa, Linked IN, Terra Studio and Triple C Consulting. 

Our research posted on Linked IN typically receives thousands of viewers.

27th Feb 2019 - Flash Note on Nzuri Copper Ltd (ASX: NZC)

Flash Note produced on the day of the announcement of a cash offer received from Chengtun Mining Group Co. Ltd (a Chinese metals mining, trading and industrial group) to buy all shares of the company at a price of A$0.37 per share valuing the company at A$109.5m.

Chengtun is a major player in the Kolwezi region of the DRC, having recently completed a major new US$150 million SX-EW processing facility with a cobalt hydroxide circuit,which will have many synergies with Nzuri’s flagship Kalongwe Copper-Cobalt Project.

30th July 2018 - Research Report on Nzuri Copper Ltd (ASX: NZC)

The report includes comprehensive benchmarking as follows:

  • enterprise value / mineral resource multiple
  • capex and market cap/capex ratio
  • mineral resource cobalt grade vs tonnage
  • mineral resource copper grade vs tonnage
  • ore reserve cobalt grade vs tonnage
  • capital intensity
  • position on cost curve

17th Dec 2018 - Research Report on Lake Resources NL

The report includes some comparative analysis against a number of ASX and TSX listed peers developing brine projects in South America: AGY.ASX, AAL.TVX, LAC.TSX, LPI.ASX, NLC.TVX, LSC.TVX, ML.TVX, WML.TVX and an update of the recent merger and acquisition transactions.

10th Dec 2018 - Research Report on Prospect Resources Ltd (ASX: PSC)

The report includes comprehensive benchmarking as follows:

  • peer transaction valuation
  • market capitalisation
  • mineral resource lithium grade vs tonnage
  • ore reserve lithium grade vs tonnage
  • capital intensity and mine life
  • position on hard rock lithium cost curve

    25th Jun 2018 - Research Report on Ardea Resources Ltd (ASX: ARL)

    The report includes a number of comparative analysis charts:

    • enterprise value/mineral resource multiple
    • enterprise value/ore reserve and EV/mill feed multiples
    • mineral resource nickel grade vs tonnage
    • nickel ore feed and ore reserves: grade vs tonnage
    • cobalt ore feed and ore reserves: grade vs tonnage
    • capital intensity of HPAL projects over time
    • ramp up of HPAL operations over time

    5th Apr 2018 - Research Report on Prospect Resources Ltd (ASX: PSC)

    The report includes an update on transactions in the hard rock lithium sector:

    • market capitalisation
    • mineral resource lithium grade vs tonnage
    • ore reserve lithium grade vs tonnage
    • capital intensity and mine life

    1st Feb 2018 - Research Report on Myanmar Metals Ltd (ASX: MYL)

    The report builds a scoping study with all the assumptions such as: resource to reserve conversion ratio, throughput, operating costs justified by benchmarking.

    • enterprise value/mineral resource Zn Eq. metal content multiple + grade
    • resource grade vs metal content (300+ projects)
    • operating mines: mineral resource grade vs tonnage
    • project: mineral resource grade vs tonnage
    • Bawdwin assumed mining inventory vs operating mines ore reserves
    • Bawdwin assumed mining inventory vs operating project ore reserves
    • capital intensity and mine life

    19th Oct 2017 - Research Report on Real Energy Corp. Ltd (ASX: RLE)

    The report includes a peer comparison with STX.ASX, CTP.ASX, COI.ASX, BUL.ASX, GLL.ASX on the basis of market capitalisation, cash, enterprise value, EV/2C, 2C, 3C, 2P and 3P.

    3rd Mar 2017 - Research Report on Resource Capital Gold Ltd (TSX-V: RCG)

    The report includes some benchmarking as follows:

    • enterprise value/mineral resource 
    • gold vs tonnage on North American advanced gold projects and mines
    • North American primary silver mines and projects: grade vs metal content

    Distribution

    Our research benefits from an extensive distribution network through a number of platforms including Evolution Equities, Fundexa, Linked IN, Share Collective, S&P Global, Terra Studio and Triple C Consulting. 

    Our research posted on Linked IN typically reaches thousands of viewers.