SP Angel Morning View: Copper strengthens as BHP calls for ‘flyup' pricing environment following 2025 surplus

Jubilee Metals (JLP LN) - Jubilee secures power in Zambia - strengthens ESG credentials

Jubilee today announces that it has signed a 3-year renewable power agreement with Lunsemfwa Hydro Power Co (LHPC). The agreement will provide all of the power needs for the Sable copper refinery and the Roan concentrator with an additional agreement that Jubilee can purchase a further 10MW of solar power to provide electricity as it expands its operational footprint in Zambia. We see this as a great deal for Jubilee as it secures power and reduces any outages (providing both extra security and

SP Angel Morning View: Gold higher again as traders and investors go long before Powell's speech

Jubilee Metals (JLP LN) - Q4 Production update

Jubilee this morning announces its Q4 production update and production for the financial year ending June 2024. Copper production was 3.4kt in Zambia with 1.55Mt chrome concentrate and 36koz Platinum Group Metals (PGMs) produced in South Africa. Toward the end of the year we saw real progress in Zambia with the Roan concentrator finally finished and commissioned just post-period. Jubilee is also ramping up copper production from its Munkuyo open pit project which, along with a new project (Proje

SP Angel Morning View: Gold climbs to near record high as traders position before key inflation data

SP Angel Morning View: EVs, hybrids exceed 50% of China car sales for first time

Allied Gold (AAUC CN) – $53m streaming agreement with Triple Flag Arc Minerals (ARC LN) – Questions on drilling Galileo Resources (GLR LN) – Drilling starts on exploration licence in the Western Foreland, Zambia Jubilee Metals Group (JLP LN) – Roan plant expansion completed and ramping up Metals One plc (MET1 LN) – PEA to form basis of application for Strategic Project Status under EU Critical Raw Materials Act Premier African Minerals (PREM LN) – Shares issued to settle liability Vulcan

Jubilee Metals (JLP LN) - Roan concentrator ramp-up

Jubilee today reports on the ramp-up at its Roan concentrator in eastern Zambia. Roan now has two circuits; one processing Run-of-Mine ore (ROM) and one processing lower-grade material. Capacity is now doubled to roughly 13kt/yr copper in concentrate (depending on input grade). In the first instance all the concentrate will be trucked to Jubilee’s own Sable refinery (capacity 14kt/yr cathode, 2kt/yr copper concentrate). However, once the nearby Munkoyo and “Project G” open pits are in production

SP Angel Morning View: Iron ore prices hold despite weak China property construction data

Jubilee Metals - Zambia copper update

Project Roan – the large plant capable of feeding Jubilee's Sable cathode – concentrate plant has been bult and is now being commissioned with full utilisation expected in July 2024. Although delayed this is a perfect test bed for the roll out of similar plants as part of the LG project with Abu Dhabi based IRH – Jubilee's partner in this project.

Jubilee Metals - Operational Update Q3 FY2024

Jubilee today reports its Q3 and third quarter operational results from its expanding operations in Zambia (copper) and South Africa (chrome and PGM). South Africa is on a growth trajectory with record chrome production of 409kt in the quarter (Q2 FY2024 381kt) and a monthly record in March of 145kt and production YTD of 1.13Mt (0.94Mt). Jubilee is well underway to its annual target capacity of 2,1Mt/yr especially with the new 300kt/yr chrome plant at Thutse expected to be operational in August

jubilee Metals - H1 FY2024 results

Jubilee today reports its H1 FY24 numbers for the period ending December 2023. Overall, the numbers show that Jubilee is hitting its target; an increase in copper in cathode-concentrate from 1.2kt (H1 FY23) to 1.7kt; South Africa Chrome 669kt to 718kt; and, in South Africa PGM ounces from 18.2 to 20.2koz. Revenues were hit by a decline in the PGM basket price to $1,021 vs a cost of $895/oz, but chrome revenues are up, as jubilee is exposed to more of the chrome price via its Thutse project, with

SP Angel Morning View: Chinese lithium carbonate capacity rises 83.3% to 1.1mt

Jubilee Metals - Converting liabilities into assets and cash

Jubilee is a unique business and a truly positive ESG story. It recovers metals from mine wastes in long-established mining regions of South Africa and Zambia. It has regional concentrators processing waste to produce chrome concentrate and copper concentrate and chrome tailings, which are sent to central hubs that produce refined metal. The story began with the Inyoni PGM and Chrome hub in SA; here, Jubilee proved its capacity to recover value from decades of mine waste produced from the Bushve

SP Angel Morning View: Gold holds steady as dollar sell off pauses as investors gauge strength of US economy

SP Angel Morning View: Gold continues to bounce off all-time highs before US inflation data

SP Angel Morning View: Ganfeng joins lithium majors in delaying growth projects as supply glut continues

PANMURE LIBERUM: Synergia Energy: Indian Summer

H1 24 - Shaikan performing well, local market robust

Morning Note – 19 August 2024

THE MONTHLY January 2020

The Office for National Statistics (ONS) is due to publish its most up-to-date survey on share ownership in mid-January, which identifies the beneficial owners and decision- makers of the stock market. Hardman & Co has worked together with the share analysis service, Argus Vickers, to jointly produce its own survey, which anticipates the conclusions of the ONS survey but goes into much greater detail. Our work does not use a sample of 200 quoted companies as the ONS historically has, but rather

Beowulf Mining (BEM LN) – Initiation Note – BUY – Supporting Scandinavia's Green Transition

Beowulf is an AIM/Spotlight-listed developer of two flagship assets; Kallak, a high-grade iron ore project in Sweden and the Grafintec Graphite Anode Materials Plant. The Company's Kallak North project has the potential to produce 2.5mtpa of high-grade, premium iron ore concentrate suitable for the growing green steel industry in Sweden. Additionally, Grafintec's Anode Material Plant Project is well positioned to serve the growing EV battery supply chain in Europe, whilst supporting EU plans

i3 Energy* (I3E LN) - 2H24 capex programme to restore growth

i3 Energy* (I3E LN) - Energy Flash Note - 2H24 capex programme to restore growth

Hybridan Small Cap Feast - 21 Feb 23

21 February 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objec

Hybridan Small Cap Feast - 28 Apr 23

28th April 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object

Hybridan Small Cap Feast - 14 Jul 23

14th July 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objecti

Morning Note – 27 June 2024

Morning Note – 27 August 2024

Morning Note – 28 August 2024