Our Research

Company Profile Reporting

IIR provides company profile coverage on companies that do not qualify for valuation as the company may be in early stages of development like a junior miner exploration company or a company in the life sciences sector. However our research will provide a narrative on the company’s strategy, assessment of management competency together with providing fundamental analysis complete with an in depth report, and commentary on all market sensitive announcements over the term of coverage, which is generally twelve (12) months. Generally, our profile research service highlights the key relevant information about the company and critical observations made by our analysts.

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October 15, 2018

Sheffield Resources Limited (ASX: SFX) – Mineral Sands – Offtake Agreements in Place – Funding & Permits Approved – WA

We have a current base case value of A$1.75/share for Sheffield, with the majority of this ascribed to our risked NPV8 valuation of Thunderbird. Our per share valuation is based on a share structure diluted for equity raised for the development of Thunderbird. The current deep discount in the value of Sheffield to the expected value of Thunderbird, that the Company or the Project make an attractive takeover or acquisition opportunity....
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October 4, 2018

Middle Island Resources (ASX: MDI) – Gold – Explorer – WA

Material Progress at their Sandstone Project in WA. With an EV of only ~A$10 million, Middle Island is well leveraged to exploration and development success. Ongoing activities should provide steady news flow through the rest of 2018 and into 2019....
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October 4, 2018

Jaxsta Limited – Online Platform – Centralised Database of Official Music-related Information – Technology

The platform seeks to provide access to the information that used to be provided in the “album jacket” that has been lost as a result of the digitalisation of music. Bell Potter were the Broker that engineered the reverse takeover of Mobilarm Limited....
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October 4, 2018

Liontown Resources Limited (ASX: LTR) – Lithium and Vanadium – Battery – WA/QLD

Results to date from the three key projects, Kathleen Valley, Buldania and Toolebuc have been very encouraging, highlighting their prospectivity to host potentially economically viable mineralisation for both lithium and vanadium....
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May 14, 2018

Rimfire Pacific Mining NL (ASX: RIM) – Diversified Exploration Portfolio

The results of work to date, including the discovery of Sorpresa, confirm the quality of this under explored tenement package, the Project also contains the right rocks of the right age to support the porphyry and associated mineralisation potential....
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May 14, 2018

Pioneer Resources Limited (ASX: PIO) – High Quality Lithium-Bearing Lepidolite – High Margin, Low Risk, High cash flow opportunity

Lepidico (ASX: LPD) is developing the L-Max® metallurgical process to treat lepidolite and other lithium micas, long considered second cousins to spodumene which forms a basis to the Australian hard-rock lithium industry....
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March 14, 2018

Technology Metals Australia Limited (ASX: TMT) – World Class Vanadium Deposit – Metallurgical Test Work to Date Very Positive

With an undiluted enterprise value of ~ A$14 million and at a multiple below that of peers, the Company could be considered undervalued and is well leveraged to success in advancing Gabanintha and improving vanadium markets, as well as to any other opportunities that may be taken advantage of....
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March 11, 2018

Riva Resources Limited (ASX: RIR) (To be Renamed Hylea Metals Limited) – Near TermCobalt & Scandium Upside

Riva’s immediate focus will now be on activities, including drilling to work towards an initial Mineral Resource Estimate (“MRE”), with positive drilling results and initial resources being a key value driver for similar companies. Given the shallow and generally laterally homogenous nature of the mineralisation, defining an initial resource should be reasonably rapid, and involve either shallow relatively low cost reverse circulation (“RC”) or aircore drilling....
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January 28, 2018

Roman Kings Limited Initiation – January 2018, RTO Listing March 2018, Gold, WA.

Roman Kings Ltd (“RKG” or “the Company”), is an unlisted public company, in the process of listing on the ASX as Roman Kings Limited (under the planned code “RKG”) through a backdoor listing via Wakenby Limited (ASX: WAK, “Wakenby”). It is planned to raise A$5 million to A$7 million in the RTO, with the money to be used to fund exploration activities over a 732km2 portfolio of gold exploration properties in Western Australia....
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