At 31 May 2023, just 7 of the 80 LICs and LITs in the IIR universe of coverage were trading at a premium to pre-tax NTA/NAV, with the remaining 73 LICs and LITs trading at a discount to pre-tax NTA/NAV. Discounts ranged from 0.7% to 40.4% with the average discount being 14.7%. IIR considers there to be a wide range …

A key issue facing Australia’s globally-significant liquefied natural gas (LNG) industry in Queensland is the treatment of brines produced from co-produced coal seam gas (CSG) water. At present, these brines are stored in above-ground ponds on an interim basis, whilst the industry investigates optimal ways to treat them, and dispose of any residual material. Several methods have been reviewed and …

Barton Gold Holdings (ASX: BGD) maintains a focused portfolio of gold tenements within the Gawler region of South Australia. The company owns a 650ktpa CIP gold plant that’s currently on care and maintenance, and has wholly or partly-owned Resources of 1.3Moz within the region. It has the ambition of being a 150Kozpa producer within five years, operating on a +2Moz …

The month of May witnessed a number of key announcements and important results as technology, mining, and other industrial companies continued to outperform. Industry-level strength continued to push up stocks, and the theme should continue through the year unless we see a significant recession. The attached report takes a look at 8 companies that were on the move in May.

Krakatoa Resources is focused of exploring for clay-hosted rare earths in Western Australia and New South Wales, and has reported a maiden Resource at its Mt Clere project in Western Australia. Based on resource-related metrics, Krakatoa is trading broadly in line with a couple of recent entrants to the clay-hosted rare earth project development sector, but at a substantial discount …

Novo Resources Corp. is a Canadian listed company that has transitioned to a pure explorer, with exploration assets in the Pilbara region of Western Australia near DeGrey’s Hemi project and in Victoria near Agnico Eagle’s Fosterville. Its previous producing asset, the Nullagine Gold Project, has transitioned into care and maintenance. Novo has approximately 10,500 square kilometres of tenements under active …

Australian biotech and pharma continued with its strong momentum in the month of May with a number of key results coming through. These included: strong financial results, commercialisation of key products, and trials that showed increased levels of promise. This led to several stocks rallying significantly, as investors took stock of the situation. The attached report takes a look at …

The IIR LMI Monthly Report provides key LMI market news for the month of May as well as IIR research updates and key data points as at 30 April 2023. Key news items include: To read all the latest news as well as access data and IIR ratings click here.