SP Angel Morning View: Copper jumps over $10,000/t to near 10-year high on rising confidence

SP Angel Morning View: Gold pushes higher as rate cut optimism resurfaces as labour market cools

SP Angel Morning View: Gold soars to two-month high as traders reconsider June rate cut potential

SP Angel Morning View: Metals prices slide as China construction woes persist and dollar pushes higher

SP Angel Morning View: Metal prices pull back on weaker than expected Chinese economic data

This Week's AIM Highlights 2nd June

This Week's AIM Highlights 10th March 2023

SP Angel Morning View:China's 2023 growth targets disappoint base metal traders

SP Angel Morning View: Gold flatlines as traders weigh options before key US CPI data and midterm elections

Amur Minerals* (AMC LN) – Update on AO Kun-Manie transaction with Bering Metals Cornish Metals* (CUSN LN) – Progress report from South Crofty GreenRoc Mining (GROC LN) – Testwork with ProGraphite highlights potential for future spheronisation of Amitsoq graphite material Petra Diamonds (PDL LN) – Mine tailings escape at the Williamson mine Tesoro Gold (TSO AU) – Drill assays indicate high grade extension at Ternera Tertiary Minerals* (TYM LN) – Soil sampling reveals definition of copper so

SP Angel Morning View: Gold extends gains on continued dollar and US Treasury yield weakness

Amur Minerals* (AMC LN) – Amur Minerals announces Russian Federation approval of the sale of its nickel copper sulphide project for $35m Anglo American (AAL LN) – Renewable energy partnership with EDF in S Africa Azure Minerals (AZS AU) – Positive metallurgical testing results at Ridgeline nickel deposit Bluebird Merchant Ventures (BMV LN) –Batangas licence extension Danakali (DNK AU) – Term sheet signed for divestment of Colluli interest Ormonde Mining* (ORM LN) – Ormonde completes sale o

Hybridan Small Cap Feast 09/09/22

Dish of the day Joiners: No joiners today. Leavers: ScotGems Plc has left the Main Market. What’s cooking in the IPO kitchen?** Critical Metals plc, a company established to acquire mining opportunities in the critical and strategic metals sector, is to be re-admitted onto the Main Market under the ticker “CRTM”, following the proposed acquisition of a 57% interest in Madini Occidental Limited, which holds an indirect 70% interest in the Molulu copper/cobalt project located in the Democratic Rep

SP Angel Morning View: Gold prices move higher as dollar slips ahead of US economic data

Amur Minerals* (AMC LN) – Investors vote to accept recommended offer of $35m for the Kun Manie Project Anglo Pacific (APF LN) – Interim results Great Western Mining (GWMO LN) – Progress report on Nevada projects Goldstone Resources* (GRL LN) – AGM comments Kenmare Resources (KMR LN) – Appointment of finance director Rio Tinto (RIO LN) – Increased cash offer for Turquoise Hill Rockfire Resources (ROCK LN) – Metallurgical test results from the Molaoi zinc project Savannah Resources* (SAV LN

SP Angel Morning View: Strong US employment raises risk for higher rates as US looks to reduce inflation

Amur Minerals* (AMC LN) – Recommended $35m offer for the Kun Manie Project Anglo Asian Mining* (AAZ LN) – BUY – ~C$1m investment in Libero to maintain its 19.9% interest in copper explorer BeMetals* (BMET CN) – Major shareholder provides US$5m loan BHP (BHP LN) – Proposal to acquire Oz Minerals rejected by target East Star Resources (EST LN) – Additional rare-earth exploration licences in Kazakhstan Tertiary Minerals* (TYM LN) – Sale of Finnish royalties Tirupati Graphite (TGR LN) – £1.5m

SP Angel Morning View: Nickel price jump lifts copper on new sanctions

Amur Minerals* (AMC LN) – Annual results highlight strong cash position amid continued M&A effort Arkle Resources* (ARK LN) – 2021 Results discuss Irish exploration and overseas aspirations Aura Energy* (AURA LN) – Appointment of engineers for the Tiris uranium project BeMetals* (BMET CN) – Drilling underway at Pangeni, Zambia Cornish Metals* (CUSN LN) – Valuation 48p/s – Drilling results from United Downs Goldstone Resources* (GRL LN) – Final results highlight transition from explorer and

Union Jack Oil (UJO LN) - Full year 2023 results

Union Jack has released its 2023 results, showing the operating cash flow generated by Wressle and the ability to redeploy this to fund the company’s wider work programme. We expect the work programme to ramp up over the next 12+ months, with more drilling in the USA following the recent Andrews 1-17 success, further planned development at Wressle, further activity at West Newton, and the potential for drilling at Biscathorpe.

Rockhopper Exploration (RKH LN) - Full year 2023 results

Rockhopper has released its 2023 results, reporting ongoing development planning progress on its significant Sea Lion project, and work towards closure of its Italian arbitration award monetisation deal, which should bring in significant new cash for the company.

Orcadian Energy (ORCA LN) - Loan agreement and potential SNS license farm out

Orcadian has announced the initial agreement for a US$1.4m long term loan, alongside a potential farm out of its recently awarded SNS licence, which contains the Earlham discovery, Orwell field, and Clover prospect.

Union Jack Oil+ (UJO, House Stock at 24p) - Union Jack Oil+ (UJO, House Stock at 24p)

Union Jack Oil* (UJO LN) - Drilling activity accelerating into 2H24

Union Jack is an Aim-listed company with a portfolio of oil and gas production and appraisal assets located onshore UK and the US, which initiated cash returns to shareholders in 2022.

Chariot Limited (AIM: CHAR): Drilling at the second well onshore Morocco has commenced

• Chariot has started to drill the Dartois prospect onshore Morocco. The well is targeting a different reservoir system and trapping style than the Gaufrette prospect. • The main target at Dartois is estimated to hold 12 bcf of gross prospective resources. Success would de-risk a total of 20 bcf of gross prospective resources (+8 bcf) in the Dartois area. • A rig-less well test would be run in case of success. • Our unrisked NAV for the well is £0.05 per share with a ReNAV of £0.02 per share.

Oil & Gas - Cavendish sector note

Chariot, Jersey Oil & Gas, Savannah Energy, Touchstone Exploration, Kistos Holdings, i3 Energy, Tullow Oil, Harbour Energy, Serinus Energy, Gulf Keystone Petroleum, Caspian Sunrise, Equinor, IOG Source: FactSet, weekly change 13/05/2024-17/05/2024 Oil notched a weekly gain while futures stayed in a narrow range, with the outlook for supply and inflation in focus. West Texas Intermediate settled above $80 a barrel, posting a 2.3% weekly gain and the third advance in four weeks. Lower US crude sto

Morning Note – 22 May 2024

NextSource Materials - Initiation

NextSource is uniquely positioned to build a leading vertically integrated position, ex China, in the supply of Lithium-ion battery anode material which is essential for the Energy Transition. The company is commissioning phase 1 of its world-class Molo graphite mine in Madagascar and is in the final permitting process for its first Battery Anode Facility (BAF) to be located in Mauritius. The company is backed by Vision Blue, established by Sir Mick Davis, former CEO of Xstrata. On our calculat

SP Angel Morning View: Gold prices soar to >$2,450/oz as China debt and geopolitical fears drive prices

Better than expected

Pan African Resources - Upgraded FY24 production guidance

On 9 May, Pan African announced that it was narrowing its production guidance for the year ending 30 June 2024 to 186–190koz (cf 180–190koz previously), notwithstanding the cessation of production from surface sources at Evander in H2. Group AISC guidance was maintained at US$1,325–1,350/oz (at ZAR18.50/US$) however. Consequently, we have increased our H2 production forecast by 2.5% as well as increasing our H224 gold price by 9.2% to result in a US$20.6m positive variance in H224e revenue, only

SP Angel Morning View: Copper prices bounce of record highs following short squeeze

Criterium Energy Ltd (TSX-V: CEQ): Signing a binding sale agreement for Bulu for US$7.75 mm. Initial US$0.5 mm already received

• Criterium has signed a binding sale agreement for its interest in the Bulu PSC for US$7.75 mm in cash. The price is in line with previous indications. • This is a very important announcement as it provides more clarity on the divestment, the proceeds of which will boost the company's balance sheet and allow it to accelerate its investment program and grow production faster. • The total proceeds from the divestment are greater than the company's current market capitalization. • Pending the com

Looking ahead to high impact catalysts