BlueRock Diamonds (BRD LN) – Section 54 notice shuts mine on health and safety concern
Caerus Mineral Resources (CMRS LN) – Extension to agreement with Jubilee Metals
Chaarat Gold (CGH LN) – Tulkubash drilling results and CFO resignation
Cora Gold (CORA LN) – MRE update yields +800koz at 1.15g/t gold inventory
Deep-South Resources (DSM CN) – High Court of Namibia orders Ministry of Mines to file further documents no later than November
Eurasia Mining* (EUA LN) – New license granted at West
Companies: DSM BRD CMRS CGH CORA EUA KEFI SOLG TIE
Companies: Chaarat Gold Holdings Ltd.
Castillo Copper (CCZ LN) – September quarterly project summary
Chaarat Gold (CGH LN) – Production down on weaker mining rates and grade with annual guidance reiterated at 57koz GE
Condor Gold* (CNR LN) - Valuation 102.5p – £4.1m fund raising
Power Metal Resources* (POW LN) – Exploration licenses granted at Wallal Project
Vulcan Energy (VUL AU) – Trading halt lifted following strong repost to short seller report
Companies: CGH CNR POW CCZ VUL
Beowulf Mining* (BEM LN) – Concept mining study completed at Kallak North
Chaarat Gold (CGH LN) – Convertible Loan Note extended by a year to Oct/22
Cora Gold (CORA LN) – Drilling results from Sanankoro
Hummingbird Resources (HUM LN) – Equipment availability at Yanfolila pulls back Q3 production
Rio Tinto (RIO LN) – Alan Davies cleared by the Australian Securities and Investments Commission
Companies: BEM CGH CORA HUM RIO
Ariana Resources (AAU LN) – Apliki copper mine development agreement
BlueRock Diamonds (BRD LN) – Record production in Q3 ahead of expected step change in Q4
Chaarat Gold (CGH LN) – Kyzyltash 2021 drilling programme completed with metallurgical testwork results expected in H1/22
Greatland Gold (GGP LN) – Pre-feasibility study for South East Crescent zone at Havieron
Hummingbird Resources (HUM LN) – Kouroussa project economics, funding and timeline update
Power Metal Resources* (POW LN) – D
Companies: 2899 AAU BRD CGH GGP HUM POW
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Danakali has left the main market (Standard).
What’s cooking in the IPO kitchen?
Press reports that Law firm Mishcon de Reya has agreed a merger with life sciences specialist Taylor Vinters after recently confirming its plans to go public on the London Stock Exchange (LSE).
Eurowag confirms its intention to undertake an initial public offering on the Main Market (Premium). The Offer would be expected to comprise both (i) new Ordinary Shares to be issued by the C
Companies: TLY SYM FAB IOF MSYS CGH
Press reports that Law firm Mishcon de Reya has agreed a merger with life sciences specialist Taylor Vinters after recently confirming its plans to go public on the London Stock Exchange (LSE). Eurowag confirms its intention to undertake an initial public offering on the Main Market (Premium). The Offer would be expected to comprise both (i) new Ordinary Shares to be issued by the Company, raising gross proceeds of approximately EUR200m to support Eurowag's growth strategy and (ii) existing Ordi
Companies: ANGS ARG CGH EQT MSYS FAB ITS IOF SYM TLY
Chaarat Gold (CGH LN) – Interim results highlight stronger commodity prices
Condor Gold* (CNR LN) – PEA demonstrates robust economics for La India development
Empire Metals* (EEE LN) – 2,140m RC drill programme commences at Central Menzies
Greatland Gold (GGP LN) – Havieron continues to offer resource expansion potential
Lucara Diamonds (LUC CN) – Karowe underground expansion approved and fully-financed
Companies: LUC CGH CNR EEE GGP
Companies: CGH DEST HDD
Chaarat Gold (CGH LN) – CEO change
Hummingbird Resources (HUM LN) – Komana East Underground drilling results to extend life of mine at Yanfolila
Mkango Resources* (MKA LN) – Mkango to acquire 100% of both Songwe Hill and Magnito & £5.5m raised
Power Metal Resources* (POW LN) – Drilling continues at Silver Peak project
Versarien* (VRS LN) – Results highlight progress in developing graphene applications in multiple initiatives
Companies: MKA CGH HUM POW VRS
Altus Strategies* (ALS LN) - La Mancha launches La Mancha Fund, a Luxembourg based long only fund dedicated primarily to gold mining.
Ariana Resources (AAU LN) – Kiziltepe production guidance maintained
Castillo Copper (CCZ LN) – Quarterly report highlights the ‘Big One' prospect
Chaarat Gold (CGH LN) – Robust Kapan production in H1/21 with Tulkubash funding completion pushed to Q3/21
Glencore (GLEN LN) – Glencore to pay $9.85m to settle zinc rigging dispute
Jervois Mining (JRV AU) – Jervoi
Companies: SO4 ALS AAU CGH GLEN POW TYM CCZ JRV LYC
Chaarat announced a strong 1H21 as Kapan produced 25,896 gold equivalent ounces - 13,466 oz gold, 272,635oz silver, 852t of copper and 3,170t of zinc. This resulted in mine level EBITDA of US$13.5m and Kapan’s debt has been reduced to US$24m (Jun). Management has reiterated FY21 guidance of 57koz AuEq.
The main YoY changes were an increase in third-party ore processed - 70kt versus 10kt, and a gold equivalent grade improvement of 12%. Consistent supplies of third-party ore are to be expected go
Companies: COG CHAR MPE RBG PPC XSG XSG CGH GDR
Last week, Chaarat announced it entered a new Investment Agreement with Ciftay, one of its main engineering and mining contractors at Tulkubash. Previously, under a joint venture agreement, Ciftay earned 12.5% in both Kyrgyz gold projects, Tulkubash (near-term heap leach) and Kyzyltash (large scale underground), in return for US$31.5m of engineering and construction work (eg earthworks, haul road, ROM pad).
The new agreement replaces the JV; it sees Ciftay exchange its project level ownership
Research Tree provides access to ongoing research coverage, media content and regulatory news on Chaarat Gold Holdings Ltd..
We currently have 104 research reports from 6
Phoenix copper today announces an update on its deep drilling program below the proposed Empire oxide open pit resource and into the deeper sulphide zone. Phoenix is roughly 1/4 the way through a 4,500m drilling programme and has once again shown that high-grade zones of copper, zinc and lead sulphide mineralisation exist, nearly always associated with gold and/or silver and often with elevated concentrations of tungsten and molybdenum.
Companies: Phoenix Copper Ltd. (United Kingdom)
Companies: IOG PLC
GBA project update, board & management changes
Companies: Jersey Oil & Gas PLC
Jersey Oil & Gas has announced that it has recomposed its leadership team with immediate effect. Les Thomas, formerly Non-Executive Director, has assumed the role of Non-Executive Chairman. Graham Forbes has been appointed CFO. Richard Smith has been appointed Chief Commercial Officer. Les Thomas and Graham Forbes previously served, respectively, as the CEO (2013-2020) and CFO (2010-2020) for Ithaca Energy. Richard Smith spent ten years in various senior roles also at Ithaca Energy. We believe t
• Current production of 11,775 bbl/d (down from ~14,200 bbl/d in early October) reflects the natural decline and potential completion flow restriction at Well-8H which had IP rate of ~7.7 mbbl/d 2 months ago).
• First oil for Well-9H has been delayed by three weeks to the first week of December due to operational issues and the need to drill a sidetrack. As a result, the 4Q21 production guidance has been reduced from 16.0 16.5 mbbl/d to 12.5-13.5 mbbl/d and the expected average production in Dec
Companies: PetroTal Corp.
Initiating Coverage: Price Target 20p
Potential Beyond Tin
AfriTin Mining Limited (ATM) is one of only three listed tin producers in Western markets. It has a large (820km2) land package in Namibia comprising 5 prospective licenses of which the Uis mine is the most advanced and already in production. Near term growth is being delivered with an 80% increase in tin production between 2022 and 2024. However, this is only scratching the surface and there are more than conceptual plans being fo
Companies: AfriTin Mining Ltd.
Harland & Wolff (H&W) has raised £8.2m gross through a placing and PrimaryBid at 20p to secure its next stage of growth. Over the past two years, H&W has acquired a series of strategically important assets across the UK, and is proceeding to convert its pipeline opportunities into contracts. The positive recent announcement that DAERA would award the full marine licence for Islandmagee represents a significant milestone in allowing H&W to monetise this asset, with management estimating that sale
Companies: Harland & Wolff Group Holdings PLC
SolGold (“SOLG”) has published the first partial assay results from its drilling programme at the Varela target on the Rio Amarillo concession, 35km from the flagship Cascabel project. Hole 1 has been assayed to a depth of 1,052m, revealing an intercept of 72m @ 2.16 g/t Au from 639.7m, including 24m @ 5.77 g/t Au. More interestingly assay results are pending from 1,052m to 1,708.1m (EOH) where free gold and porphyry mineralisation have been identified. Intersections of porphyry style mineralisa
Companies: SolGold Plc
West Newton planning update
Companies: Union Jack Oil Plc
Shanta Gold (AIM: SHG), the East Africa-focused gold producer, has today announced an update on its exploration drilling at its New Luika Gold Mine (NLGM) based on activity carried out in Q3 2021. More specifically, the drill results are from the Luika Deposit, Bauhinia Creek (BC) Main, BC East Area 1 and Porcupine South. Importantly, all of today's drill intersections are outside existing mineral reserves and will be incorporated into the next update of the mine plan as the Company continues it
Companies: Shanta Gold Limited
European gas prices are never far away from the headlines at the moment, although Parkmead’s results to end-June did not capture this surge in prices – that is yet to come. Parkmead is well placed to benefit from the current strength in European gas prices, while the potential for another commodity super-cycle suggests there is further progress to come on its major GPA oil project. A strong net cash position also puts it in the driving seat for potential acquisitions.
Companies: Parkmead Group PLC
Savannah Energy’s shares have been suspended since 2 June when it announced the reverse takeover of ExxonMobil’s Chad and Cameroon oil business. Investors have been frustrated by this long suspension but, nevertheless, Savannah has delivered a positive financial and operating update that demonstrates its core Nigerian gas business is performing strongly, with 2P reserves upgraded by 27% and FY21 guidance reiterated. The maximum six-month suspension of the shares comes to an end soon and we shoul
Companies: Savannah Energy Plc
Q3 2021 results
Companies: Arrow Exploration Corp.
Trinity has received FDP approval from the Ministry of Energy and Energy Industries (MEEI) for the Phase 1 development of the Galeota licence. The submitted development plan has the potential to add additional peak production of c4,000 bopd; however more recent modelling suggests that intra-year peak production could be significantly higher, up to 7,000 bopd. Whilst the current development concept comprises the installation of a low-cost eight well platform (Echo), we note that Trinity is also w
Companies: Trinity Exploration & Production Plc
Atlantic Lithium* (ALL LN) – Shareholders approve demerger of gold assets
Castillo Copper (CCZ LN) – Extension of options to acquire the Litchfield and Picasso lithium projects
Cornish Lithium (Private) – $18m funding package secured from TechMet
Hochschild (HOC LN) – Shares rise as government appears to back away from closure plans
Hummingbird Resources (HUM LN) – Updated mineral reserves extend Yanoflila LOM and delivers maiden estimate at Kouroussa
Phoenix Copper* (PXC LN) – Deep drilli
Companies: HOC HUM PXC PREM CCZ ALL