4 Resources Players In Small-Cap Space- KLL, TGM, NCZ And RGL

Investing in small-cap companies can be risky, but by restricting your portfolio to companies which meet the benchmark of financial health assessment, the risk can be mitigated. For some sectors where cost effects large and small companies in a similar fashion like that of the resources, profitability and liquidity being measures of financial health come into play. Four resources sector stocks in small caps space are as follows.Â

KALIUM LAKES LIMITED (ASX:KLL) – About its process optimization for the purification plant and evaporation ponds, the company provides an update. To be completed during the FEED program at its 100% owned Beyondie Sulphate of Potash Project, the optimization work was identified as part of the Bankable Feasibility Study outcomes. Potassium recoveries have increased from 72% in the BFS up to 91% during the Front-End Engineering Design program. With little change to the cost of the process plant the increased recoveries and debottlenecking have the potential to improve production rates. Potentially reducing the size of the evaporation ponds by almost 20%, it also means that less brine is required from the borefields and trenches. The stock price traded up on the update by 1.639% at $0.310.

THETA GOLD MINES LIMITED (ASX:TGM) – At the historical TGME mine in South Africa’s Eastern Goldfields, the company is planning on restarting mining activities. To issue a revised resource and reserve statement together with a Feasibility Study in early 2019 the company progresses with ongoing resource infill classification drilling and plans. Over the past month there was a high level of activity at the project and drilling at Theta Hill deposit for measured and indicated resources are now nearing completion for Mining Right, MR8. To ensure independence and to support the costing for financial models the Feasibility Study work during the quarter included site visits from engineering groups and contractors. The stock price traded flat at $0.100. In the past month, the company had a performance change of 33.33%.

NEW CENTURY RESOURCES LIMITED (ASX:NCZ) – The company reports cash and cash equivalents at the end of December 31, 2018 period of around $22,418. With strong progress made in overall plant availability and stability during Q4 2018, processing plant load commissioning and ramp up is continuing. The company is targeting continued progression in second quarter of 2019 for full nameplate plant recoveries. With operations now consistently above the average Q4 2018 grade, continued improvement in overall grade producing a 47% - 51% zinc concentrate. Total 40,000t to date in sales to China completed or is under contract and 25,000t to date in sales to Europe completed or is under contract. The stock price shed around 3.623% as at January 21, 2019 and traded at $0.665.

RIVERS GOLD LIMITED (ASX:RGL) – In the Eastern Goldfields of Western Australia, the company has commenced drilling at the large Queen Lapage gold prospect. A major mineralized structure which hosts several gold occurrences in the region, Queen Lapage contains approximately 17km of the Randall Fault. The company wants to create value for its shareholders by discovering and monetizing world-class mineral deposits. The company has advanced its exploration projects in two world-class gold provinces post it hit the ground successively after listing in Oct 2017.  with cash in hand at December 2018 of $1.1 million and an enterprise value of $5.3 million. With cash in hand at December 2018 of $1.1 million and an enterprise value of $5.3 million the company stock traded flat at $0.068.

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