Azzet reports on two small caps experiencing double-digit share price lifts following trading updates today.
Optiscan rallies on MVP update
Shares in Optiscan Imaging (ASX: OIL) were up around 14% at noon after the imaging medical technology smallcap told the market it had reached the Minimum Viable Product (MVP) stage for its cloud-based telepathology platform.
Hailed as a milestone in transforming digital pathology the software, developed with Canadian firm Prolucid, enables real-time, secure, high-resolution remote pathology imaging and collaboration.
Compatible with Optiscan devices (InVue®, InForm, InVivage), the platform uses end-to-end encryption and local data storage to preserve patient confidentiality.
Dr Camile Farah, CEO of Optiscan told the market that the company’s platform is a potential game changer for global digital pathology, by removing the traditional limitations of geography and infrastructure.
What it also does, adds Farah is empower healthcare providers to make immediate, informed decisions at the point of care, especially within regional, rural, and remote healthcare settings where access to pathology expertise is limited.
“By removing these barriers, we’re bringing high quality digital pathology to anyone, anywhere, anytime,” said Farah.
“Our telepathology solution essentially brings the pathologist into the heart of the operating theatre and bridges the gap between surgery and pathology.”
Darcy Bachert, CEO of Prolucid Technologies expects the Optiscan telepathology platform to revolutionise patient care by bringing the pathology lab straight to the bedside, ensuring real-time diagnostics and swift, life-saving decisions.
Optiscan Imaging has a market cap of $104 million; the share price is up 19% over one year and down 19% year to date.
Before today the stock’s shares appeared weak with little demand.
Consensus does not cover this stock.
Dateline Resources soars on exploration update
Shares in Dateline Resources (ASX: DTR) were up around 30% at midday after the small-cap gold and rare earth explorer announced promising exploration results at its Colosseum Project in California.
Today’s update indicates potential extension of gold mineralisation beyond historical workings.
The new geochemical and structural evidence greatly expands Colosseum's exploration potential.
What excites the market today was recent field mapping and geochemical sampling. This reveals anomalies that suggest a broader mineralised system, with felsite outcrops showing pathfinder elements indicative of an intrusion-related gold system.
The company’s Colosseum Gold-REE Project in California is focused on expanding its mineralised footprint and exploring rare earth elements potential.
Highlights in today’s update include:
- All 641 historic drill holes targeted only the breccia pipes with surface exposure.
- Large areas of the property remain effectively untested.
- Surface results mirror some top zones of known IRGS-style breccia pipes, which supports the theory that a gold-rich core may exist at depth below current exposures.
- Geochemistry points to an intrusion-related gold system (IRGS), with the signature Bi–Te–Sb halo consistent with a distal position within a vertically zoned system.
Next steps
Planned next steps include extending surface geochemical sampling coverage along the projected trend of the felsite dykes and developing targets for a maiden drill program outside the pit area.
One key focus will be to test for extensions of the breccia pipe system at depth beneath the newly identified felsite outcrops, as well as to probe adjacent structural zones that mirror the Colosseum ring-dyke pattern.
Management believes a combination of a proven high-grade gold system (the defined breccia pipes) and the identification of geochemical halos extending outward provides a clear roadmap for exploration that could add substantial mineral resources to the project.
Also adding a strategically important dimension to the Colosseum Project is the inclusion of rare earth elements in the exploration mix.
On 6 June 2024, the company announced that the Colosseum Gold mine has a JORC-2012 compliant Mineral Resource estimate of 27.1Mt @ 1.26g/t Au for 1.1Moz.
Of the total mineral resource, 455koz @ 1.47/t Au (41%) are classified as Measured, 281koz @1.21g/t Au (26%) as Indicated and 364koz @ 1.10g/t Au (33%) as Inferred.
Investors can take some encouragement from the proximity of the Colosseum to the Mountain Rare Earth (RE) mine, less than 10km north.
Last year the company’s Mountain Pass RE mine produced 42,499 metric tons of RE, the highest output in the mine’s history and represented 14% of the global total.
Dateline Resources has a market cap of $211 million; the share price is up 552% in one year and up over 2000% year to date.
The share price is currently trading at 0.075.
The stock appears to be in a strong bullish trend confirmed by multiple indicators.
Consensus does not cover this stock.
This article does not constitute financial or product advice. You should consider independent advice before making financial decisions.
