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Western Areas Limited

Western Areas Limited (ASX: WSA) is a class leader in producing nickel with high- grade nickel production assets in the Australian region. It also has base metals exploration and development projects throughout Australia. The company has it’s headquarter located in Perth, Australia.

Recently, the company had declared to the market, about solid results obtained from the drill programme at the Mt Alexander Project, nearby Leonora, within the North Eastern Goldfields. The company highlighted that the drilling work is going on at the Fairbridge. The work on 2 drill holes had been concluded over there. The extensional drilling has identified a new area of Nickel Sulphide Mineralisation. The work on 3 drill holes was concluded, in the undrilled 500 m section of the Cathedrals Belt. The outcomes from the conducted DHEM surveys, in 4 of the 6 drill holes were concluded at West End Prospect.

The stock of the company last traded at A$2.250 (as on 29 March 2019), up by 0.9% from its previous close. It has a market capitalization of A$610 million with 273.55 million shares outstanding. The stock has consistently been performing well this year with a YTD return of 17.37%.

Senex Energy Limited

Senex Energy Limited (ASX: SXY) is an independent oil and gas explorer and producer company in Australia. SXY has a history of 3 decades and has a diverse portfolio of onshore assets. The company is situated in Brisbane, Australia.

Recently, the company announced that it has received government approval for Project Atlas, satisfying federal environmental norms. The company intends to shortly begin the development drilling. The commissioning of gas facilities is expected by 2019 end. As per the company’s ASX announcement dated 20 March 2019, it has initiated civil works for approximately 110 well drilling campaign within its Surat Basin Projects.

According to its half-year 2019 report ending 31 December 2018, the company recorded a 44% rise in sales revenue standing at $43 million, compared to $30 million in H1 FY18. There was also a rise of 74% in EBITDAX to $17 million from $10 million in H1 FY18.

The stock of the company closed the day’s session at A$0.370 (as on 29 March 2019), up by 8.82% from its previous close. It has a market capitalization of A$494.02 million with 1.45 billion shares outstanding. The stock has offered a decent YTD return of 28.30% to its investors till date.

Rox Resources Limited

Rox Resources Limited (ASX: RXL) is a company engaged in the exploration of minerals. It has assets in Australia that are on different stages of development work, in the Projects namely Mt Fisher Gold, Fisher East Nickel etc. The company is headquartered in Perth, Australia.

Recently, the company had published its Battery Metals Conference Presentation. In the presentation, the company highlighted its new management, new energy, focus and strategy. The company mentioned that it was well funded, containing $11.6 million in cash and receivables. RXL’s nickel projects have 2 exceptional high-grade nickel sulphide resources, in WA’s northern Goldfields, located 70 km apart from each other. Some of the key points mentioned in the Presentation were that the company had obtained an impressive Fisher East Scoping Study Outcomes. Also, RXL is targeting to monetise the Fisher Nickel Project in the upcoming one-year period.

The stock of the company last traded at A$0.009 (as on 29 March 2019), up by 12.5% from its previous close. It has a market capitalization of A$10.07 billion with 1.26 billion shares outstanding. The stock has plunged down by 42.86% over last one year.


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