Mustang Resources Ltd

Caula Project’s Maiden Vanadium Mineral Resource Update:Ruby, diamond and graphite explorer in Mozambique, Mustang Resources Ltd.’s (ASX: MUS) stock skyrocketed 26.67% on July 20, 2018 after the company reported the Measured Vanadium Mineral Resource of 22 Mt at 0.37% V2O5 and Caula’s Graphite Mineral Resource of 5Mt at 13%TGC. This reflected that there is substantial scope for further growth in the Vanadium Resource through exploration. The Chinese vanadium demand has risen by 15% in May 2018 from April as steel mills prepared to switch to making higher-strength steel. Further, 3,000t of vanadium used in batteries in 2017 is twice as much as reported in 2016. Moreover, after the merger of MUS ruby project with Fura, MUS is now expected to become a leading vanadium and graphite company. Additionally, the demand of Vanadium is high worldwide. China has recently increased the minimum specification for reinforcing steel used in buildings and therefore, the domestic vanadium consumption is expected to rise by 10,000 tonnes per year. Vanadium supplies have tightened, and the price of vanadium has increased sharply during the last two years to current levels of US$18.6/lb (~US$40,500/tonne), which made it the best performing battery metal of 2017. Meanwhile, MUS stock has fallen 37.50% in three months as on July 19, 2018 owing to volatility and performance issues. The company’s stock (with a market cap of $14.38m) was in trading halt till 18^th July 2018. Based on the recent developments, we give a “Hold” recommendation on the stock at the current price of $0.019.
 

Magnis Resources Ltd

Produces globally significant battery anode results:Magnis Resources Ltd.’s (ASX: MNS) stock rose 1.39% on July 20, 2018 after the company updated about the joint testing programs on the commencement of lithium-ion battery manufacturing, that are ongoing with Magnis’ exclusive partner, Charge CCCV LLC. Both the companies have made significant progress in qualifying patented next generation materials’ strong battery performance and commercial supply chain partners. The blended natural graphite with silicon composite anode material stores are said to have above 80% energy than graphite without sacrificing laminate density. The High performance natural graphite and composite silicon has achieved high first cycle charge capacity, achieved at 623 mAh/g with >89% first cycle efficiency. Battery testing with patented BM-LMP cathode technology reflects the leading performance without the use of cobalt or nickel. The gains from Cathode technology have increased the demand. The company is in discussions with anode suppliers and OEM’s qualifying cells are well progressed. Meanwhile, MNS stock has fallen 12.20% in three months as on July 19, 2018. Based on the foregoing, we give a “Hold” recommendation on the stock (with a market cap of $ 206.24m) at the current price of $0.365.

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