ASXVALUEHUNTER

[ASXVALUEHUNTER @ASXVALUEHUNTER]

$AKN RC phase complete at #Tundulu — 4,300m across 31 holes with carbonatite in 28 of them and over 2,100m logged. Diamond rig is now turning, two shifts a day, up to 10,000m planned before year end including two holes to around 500m to finally test depth at Nathace.

Nearly 3,000 samples already at Intertek with the first assays due shortly, and management has flagged extensive news flow right through to the end of 2026 plus a maiden MRE targeted for late 2026 or early 2027.

And remember that only 3 of Tundulu's 6 interpreted carbonatite hills have been drilled at all. Makhanga, Namuka and Chigwagwalu are still completely untouched.

Happy holder here and going nowhere.

$AKN $LIN #REE #RareEarths #Tundulu #Malawi

[ASXVALUEHUNTER @ASXVALUEHUNTER]

The AI infrastructure story might be bigger for scandium than many realise.

Bloom Energy's expanding SOFC deployment is one reason $AUZ says it is assessing whether Flemington could scale from 60 tpa to up to 180 tpa as part of its PFS.

$AUZ One of the highest-grade known primary scandium resources globally.
6.3Mt @ 446ppm Sc Strong M&I resource NSW jurisdiction Contiguous with $SRL’s Syerston PFS underway Scale-up case to 180tpa Sc₂O₃
Scandium theme heating up fast.

[ASXVALUEHUNTER @ASXVALUEHUNTER]

$AKN 26/27 holes hit carbonatite and upzised 15,000 drill program, take over target

[ASXVALUEHUNTER @ASXVALUEHUNTER]

Big update from $AKN today.

Tundulu is no longer just a historical Nathace Hill story.

Carbonatite has now been confirmed across Nathace, Kamilala and Tundulu Hill, with 26 of 27 holes hitting carbonatite and over 2,000m of logged carbonatite across the program.

Nine drillholes contain more than 100m of logged carbonatite, which points to serious continuity and scale.

The airborne magnetic model is being validated by the drill bit, and that makes the remaining untested complexes even more exciting.

With the program upsized to 15,000m, assays close and diamond drilling coming, $AKN is entering a very strong catalyst window. If grade comes through, the market may need to re-rate this fast.
$AKN $LIN #REE #REO #Tundulu

[ASXVALUEHUNTER @ASXVALUEHUNTER]

@cucan1510 $AKN samples heading to Intertek, assays close and the current Tundulu drilling program being upsized. This Malawi REE story is getting seriously exciting. Tundulu could be much bigger than the market is pricing.

$AKN $LIN #REE #REO

[ASXVALUEHUNTER @ASXVALUEHUNTER]

Great result indeed!

$AKN has funding sorted at 2.5c, strong support behind the raise, and now more firepower to drill Tundulu harder. Chart looks ready for the next leg, assays are close, diamond drilling coming and the REE story is heating up fast.

This could get very exciting from here. 7c first stop per your chart IMO.

$LIN 2.0...

[ASXVALUEHUNTER @ASXVALUEHUNTER]

$AKN just secured A$5m with strong support from strategic investors and global funds.

Fresh funding now goes straight into upsizing Tundulu drilling, with samples moving to Intertek, assays close, diamond drilling coming and 20 of 21 holes already hitting carbonatite.

Tundulu has historical high grade TREO, a huge carbonatite footprint and real $LIN Lindian 2.0 potential if assays confirm scale.

Funding risk cleared, drill program accelerating, major catalyst window opening.

$AKN looks seriously undervalued here IMO.

[ASXVALUEHUNTER @ASXVALUEHUNTER]

$AUZ looks seriously undervalued if the #scandium market is about to wake up.

AUZ’s #Flemington project already has one of the highest-grade scandium resources in the Western world, with a JORC 2012 resource of 6.3Mt @ 446ppm Sc, plus a broader 28Mt lower cut-off resource showing major scale potential.

Around 98% of the resource is Measured & Indicated and around 90% sits within 50m of surface, which is a huge advantage for potential development.Compared with many critical mineral juniors, AUZ has real grade, real scale, and a Tier-1 NSW location.

If even a fraction of Bloom-style scandium demand materialises, projects like Flemington could become extremely important very quickly.This looks like one of the cheapest ASX exposures to the scandium supply crunch theme.
#Scandium $SRL $AUZ Flemington

[Vincent @WhiteCollarExit]

A short report just hit Bloom Energy over a metal most investors have never heard of: scandium.

I hold $BE and I've looked at the claim. Here's why I remain in the trade! (Save this)

Hunterbrook's argument:
Bloom's 5 GW production target needs more scandium oxide than the market can supply, and Bloom may still touch Chinese material despite management saying it has “no China supply chain”.

Worth knowing:
Hunterbrook is a hedge fund with a media arm, and is short Bloom currently, so the report is research and a trading position at the same time.

Why scandium matters:
It's essential to Bloom's ceramic electrolyte, improving conductivity, efficiency, and stack durability. China dominates production and processing, and exports now require government approval.

The numbers behind the concern:
Hunterbrook estimates roughly 220 tonnes a year to support 5 GW plus replacements, against global production of around 80 tonnes in 2025. Even a new buyer needing 25-50 tonnes would reshape the market.

Here's why I'm not overly worried.

Scandium isn't rare, it's underdeveloped. It sits in titanium and nickel waste streams, new projects in Canada, Australia, and the US are coming, and Bloom says its proprietary recovery processes and diversified suppliers can support up to 25 GW annually.

Bloom can also engineer the number down. Higher cell power density, thinner electrolyte layers, better recycling, and alternative dopants all cut scandium per MW.

Its patents show it has explored lower-scandium and alternative electrolyte chemistries. If Bloom's actual intensity is below Hunterbrook's estimate, the whole 220-tonne math softens.

Most importantly, Bloom has shipped fuel cells at scale for years without a scandium crisis surfacing. The constraint is a projection of about 5 GW, not a problem visible in today's operations.

A couple of things like scandium per MW, annual consumption or contracted supply are not clear yet.
Bloom hasn't disclosed any of it, which is normal for competitive reasons, but it leaves the debate open.

So, while Hunterbrook raises a fair supply chain question they are not proving any bottleneck. Bloom's pathways around it look credible, and nothing in current operations suggests a problem.

[ASXVALUEHUNTER @ASXVALUEHUNTER]

$AUZ Flemington could be sitting in the middle of a major #scandium squeeze.

Bloom Energy demand chatter suggests scandium use could rise fast if fuel-cell growth accelerates, with estimates around 30–40t Sc₂O₃ per GW.

Flemington already has a JORC resource of 6.3Mt @ 446ppm Sc, ~98% Measured & Indicated, ~90% within 50m of surface, in NSW, and still open.

If the world needs secure non-China scandium supply, Flemington becomes very strategic.

Scandium may be the AI/energy metal the market hasn’t priced yet.

$AUZ looks seriously leveraged to this theme.

[Yellow Lab Life Capital @YellowLabLife]

Congratulations to Bloom Energy $BE on their deal with Oracle

The koala is absolutely thrilled to see the demand growth trajectory for bloom boxes inflect higher and higher

4kg per 100kw scandium density (Gemini screenshot below) is ~40 tonnes per GW

Let’s assume thrifting/innovation has got it to 30 t per GW

Currently doing 1 GW / yr

So 30 tonnes of the ~40 tonne global scandium consumption

Bloom dreams of 2 GW per year imminently of production and targeting 5 GW/yr in the 2030s

That’s 60 tonnes on its way to 150 tonnes just from Bloom

Chinese titanium waste streams and Coral Bay won’t solve that (and will the west allow Bloom to be dependent on China?)

What do you think @robert_ivanhoe of this line:

“Scandium is the AI element you’ve never heard of before”

If this keeps up the Koala will be living down under for a few years…that NSW scandium laterite belt has been calling its name for almost 12 years, perhaps it’s finally time

[ASXVALUEHUNTER @ASXVALUEHUNTER]

@hc_litrush @CheatChart $AKN 8c next stop IMO...20/21 holes hit carbonatite, 3,000m+ drilled, assays pending + diamond rig coming. If Tundulu keeps shaping up as a district-scale REE system, $AKN will move hard from here.

[ASXVALUEHUNTER @ASXVALUEHUNTER]

$AKN is shaping up as one of the most exciting REE juniors. 20/21 holes hit carbonatite at #Tundulu, 1,500m+ logged carbonatite, 3,000m+ drilled, assays pending, diamond rig coming and a potential 5km ring-complex system emerging. The leverage is huge here.

$AKN = $LIN 2.0

[ASXVALUEHUNTER @ASXVALUEHUNTER]

@CheatChart $AUZ feels like 6c next week

[ASXVALUEHUNTER @ASXVALUEHUNTER]

@WahrKern $AUZ the next best thing

[ASXVALUEHUNTER @ASXVALUEHUNTER]

@cucan1510 $AKN now has the type of asset where each drill campaign can materially change the market’s understanding of scale.

[ASXVALUEHUNTER @ASXVALUEHUNTER]

@CheatChart $AKN my ST target is 6c here