This lithium-kaolin-copper explorer is currently in the running for ‘2021’s Most Confusing ASX Announcement’ award after striking a pretty nondescript deal with heavyweight lithium producer Ganfeng to run a brine pipeline through PNN’s ‘Santa Ines’ copper gold project in Argentina.
In September, PNN jumped after announcing that blended brines from its ‘Rincon’ and ‘Incahuasi’ salares in Argentina creates a lithium concentration of 8,500 mg/kg — a level 14 times that of Incahuasi brine and seven times that of Rincon brine.
PNN is planning a PFS for both projects.
The explorer is also prepping a drilling program at its kaolin assets in South Australia.
The $30m market cap stock is up 65% over the past month, and 80% year-to-date. It had $2.5m in the bank at the end of September.
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8.4¢ |
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Mkt cap ! $9.248M |
Open | High | Low | Value | Volume |
8.4¢ | 9.1¢ | 8.4¢ | $2.766K | 30.61K |
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No. | Vol. | Price($) |
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1 | 347 | 8.5¢ |
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Price($) | Vol. | No. |
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8.9¢ | 12000 | 1 |
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No. | Vol. | Price($) |
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1 | 347 | 0.085 |
1 | 18545 | 0.084 |
1 | 20000 | 0.082 |
1 | 120000 | 0.081 |
3 | 270800 | 0.080 |
Price($) | Vol. | No. |
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0.089 | 12000 | 1 |
0.099 | 71429 | 1 |
0.105 | 47302 | 3 |
0.115 | 65000 | 2 |
0.120 | 50000 | 2 |
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