Argonaut | The Natural Choice in Resources

Argonaut is a full service advisory, stockbroking & research and investment house with offices in Perth and Hong Kong. Argonaut is technically driven & focused on natural resource companies & businesses that service the metals, mining, energy and agri-business sectors. Argonaut has an established track record of creating significant wealth for clients.

Morning Notes

U.S. markets were closed Thursday for the Thanksgiving holiday. The U.S. gold price traded slightly lower overnight, pulling back 0.1% to close at 1,290.60 US$/oz. A broad gauge of European stocks steadied at the end of trade Thursday, after spending the session struggling to find firm direction. But French blue-chip shares climbed after data showed the country led the strengthening in the eurozone economy this month. The Stoxx Europe 600 closed up less than 1 point at 387.12 after a topsy-turvy session for European equities.

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Latest Research

St George Mining (SGQ) has announced an intersection of 17m of nickel-copper sulphides from 37m in hole MAD71 at its Stricklands prospect, within the Mt Alexander Project. Within this intercept is 10m of cumulative massive sulphide material, with an average XRF grade of 5.5% nickel & 2.1% copper. We note there has been a very high correlation of handheld XRF to final assay grades. This is the thickest intercept of massive sulphides at Stricklands to date and highlights the potential of the prospect. Combined with the Cathedrals and Investigators prospects, the Mount Alexander Project is shaping up as one of the most interesting high-grade nickel-copper discoveries in recent years.

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Latest News

Argonaut acted as Lead Manager to successfully raise A$5.2 million for Strandline Resources Limited (ASX:STA) (“Strandline”). The Company raised funds from Australian and international institutional and professional investors by way of a placement at an issue price of A$0.008 per share, a 23.08% premium to the last close price (as at 11 May 2017) of $0.0065. The raise was cornerstoned by Strandline’s long term shareholder and successful resources investor, Tembo Capital, as well as experienced mining & minerals investment company, C&H International Investment Limited.

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