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Dec 04, 2023

ASX Today: Stocks to watch on Monday

Futures suggest the ASX will open slightly higher on a new week, despite Wall Street's mostly red end to the trading week.

Nonetheless, here are some ASX-listed companies to watch out for today:

Mako Gold (MKG) has kicked off a multi-rig reverse circulation (RC) drilling program at its Napié gold project in Côte d’Ivoire.

It marks phase one of the company's planned 10,000-metre program at the project.

The drilling aims to target four of the 15-kilometre-long anomalies identified during its recent auger drill program. Drilling will also target resource expansion at its Tchaga Resource.

Shares in MKG last traded at 3.1 cents.

Buru Energy (BRU) has restarted oil production at the Ungani Oilfield following ex-Tropical Cyclone Ellie, the "extraordinary weather event" which halted production since January.

The company reported initial oil production rates were similar to pre-shut-in rates of between 500 and 600 barrels of oil per day (bopd).

Buru expects the next oil lifting from Wyndham Port for the Southeast Asian market for Q3 CY2023.

Shares in BRU last traded at 9.7 cents.

Meanwhile, Newcrest Mining (NCM) has entered a scheme implementation deed with Newmont Corporation over its proposed takeover.

Newcrest board unanimously recommended shareholders vote in favour of the Newmont transaction.

If successful, it would establish a clear global leader in gold production by combining two of the world's largest producers.

Shares in NCM last traded at $28.25.

Argenica Therapeutics (AGN) has reported all doses of ARG-007 were safe and well tolerated in its final phase one clinical trial to reduce brain tissue death after brain injury.

The receipt, provided by clinical research organisation Linear Clinical, confirmed ARG-007 as hosting a favourable pharmacokinetics profile.

Argenica is now working towards an application to the Human Research Ethics Committee for a phase two clinical trial in acute ischaemic stroke patients.

Shares in AGN last traded at 42 cents.

Tennant Minerals (TMS) has launched a 5000-metre RC and diamond drilling program at the Bluebird prospect, within its Barkly project in the Northern Territory.

The program will aim to expand the high-grade copper and gold discovery along strike to the west, east and at depth.

It will test a new, high-priority, low-resistivity step-out target east of Bluebird, identified by initial results from an extensive IP geophysical program.

Shares in TMS last traded at 2.9 cents.

Mako Gold (MKG) Buru Energy (BRU) Newcrest Mining (NCM) Argenica Therapeutics (AGN) Tennant Minerals (TMS)
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