Euroz Hartleys Broker report
DKM (Duketon Mining Ltd, flat 38.0cps, m.cap A$46m, Nickel: Explorer):
New priority EM target identified from recently completed ground EM (moving loop) to the west of the Rosie nickel deposit along the C2 contact.The large conductor has dimensions of 600m of strike (identified over 3 lines), modelled as a sub-vertical plate with a southerly plunge and with good conductance (5000 Siemens).
The modelled depth (top of plate) is ~350m below surface and has encouraging historical results up-dip (ie. 5m @ 0.87% Ni and 1.27g/t Pt+Pd, with higher grade intervals +2.4% Ni) which bodes well for drill-testing.The ground EM survey has also identified additional EM targets to the north and down-dip of the northern extent of the Rosie mineralisation.
Drilling to test these targets are expected to commence as soon as practical in the New Year.
DKM retains strong cash and liquids over $18m, cheap on peer metrics, strong exploration potential with M&A appeal.
Speculative Buy, PT 70cps
Still lots to like here!!
Broker reports
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $13.46M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 11.0¢ | $12.30K | 111.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 188107 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 5422 | 1 |
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| Last trade - 13.30pm 28/06/2024 (20 minute delay) ? |
| DKM (ASX) Chart |