Liontown Resources (“Liontown” or “the Company”) is an Australian and Tanzanian focussed explorer, with target commodities including pegmatite hosted lithium and orogenic gold in Proterozoic and Archaean terranes. Recent activities have been focussed on the lithium projects, with very encouraging results from all four projects – these range from grassroots at the Mohanga Project in Tanzania to advanced, such as Bynoe, located just 40km from Darwin

We have completed a valuation for Sheffield, with this resulting in a Company valuation of $452 million, or $2.50/share, based on the current undiluted capital structure. Over 90% of the value is ascribed to the pre-tax, unfunded valuation of Thunderbird, and any funding scenario will most likely dilute the current capital structure or company equity in the Project, thus decreasing the per share valuation.

99 Wuxian Limited (ASX: NNW) operates a mobile marketplace in China and a third party loyalty redemption platform and employee incentive redemption platform. The company has 64.3m registered users and a Gross Transactional Value (GTV) of in excess of RMB14b in 2016. Through its relationships with business partners, which includes the top 10 banks in China, the company has grown its registered user base 243.8%

Using its Promarker technology platform, the company has identified the biomarkers in the blood (biological fingerprints) of kidney disease in diabetics, specifically Type 2 diabetes. Using this information the company has developed PromarkerD, a diagnostic test that accurately predicts whether people with diabetes will develop chronic kidney disease.

We have assigned 1AL a target price of $1.32 per share. 1AL designs, manufactures and distributes outdoor furniture around the world. The company owns and operates its manufacturing facility in Guangdong, China, where the company’s key products are produced.