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American West Metals (AW1 AU) – Step out drilling intersects new polymetallic mineralised zone 250m away from West Desert
Glencore (GLEN LN) – Glencore to pay $1.5bn penalty amid bribery charge
Ivanhoe Electric - Robert Friedland to IPO battery metal focused Ivanhoe Electric
Pensana (PRE LN) – Completion of design and engineering studies for Angolan mine and UK rare-earths processing facilities.
Phoenix Copper* (PXC LN) – Phoenix Copper bolsters its PR and IR team
Sunstone Metals (STM AU) –
Companies: GLEN PRE PXC AW1 STM
Antofagasta (ANTO LN) – US kills Antofagasta's Twin Metals nickel project in Minnesota
Aura Energy* (AURA LN) – Quarterly report highlights progress on Tiris development
Greatland Gold (GGP LN) – Drilling of extensions to Eastern Breccia Zone at Havieron yields best results so far outside of the SE Crescent Zone.
Phoenix Copper* (PXC LN) – Geophysical results from Navarre Creek helps provide targets for drilling later this year
Serabi Gold* (SRB LN) – Serra Zone veins intersected in undergr
Companies: AEE ANTO GGP PXC SRB STM
Altus Strategies* (ALS LN) – BUY, 111p – Marvel Gold JV update
Arkle Resources* (ARK LN) – Drilling to resume at Stonepark
Aura Energy* (AURA LN) – Chairman's letter to shareholders
Caledonia Mining* (CMCL LN) – Board appointment for the COO
Kore Potash* (KP2 LN) – Final optimisation study results due Q1/22 followed by a potential funding proposal in H1/22
Tirupati Graphite (TGR LN) – Tirupati progress pilot processing plant to commercial scale
Sunstone Metals (STM AU) – gold & copper i
Companies: AEE CMCL ALS ARK KP2 TGR STM TIE
Anglo Asian Mining* (AAZ LN) BUY, 180p – Options issued to management
Aura Energy* (AURA LN) – Drilling confirms the discovery of substantial water resources for Tiris Uranium project in Mauritania
Renascor Resources (RNU AU) – Testing confirms efficiency of purification process up to 99.9% Carbon
Rio Tinto (RIO LN) – Rio to cancel Mongolia's debt after cost blowouts at Oyu Tolgoi
Sunstone Metals (STM AU) – Two satellite targets identified by soil sampling results at El Palmar
Companies: AEE AAZ RIO RNU STM
KEFI Gold and Copper* (KEFI LN) – Progress report on Tulu Kapi and Saudi Arabian project
Panther Metals (PALM LN) – Exploration target for laterite nickel cobalt mineralisation at Coglia
Sunstone Metals (STM AU) – Reports over 500m of copper gold mineralisation in recent drilling at Brama
Companies: KEFI PALM STM
Jangada Mines (JAN LN) – Rhodium study at Pedra Branca
KEFI Gold and Copper* (KEFI LN) – Drilling extends higher grade zone at Hawiah
Phoenix Copper* (PXC LN) – Empire Mine metallurgical update & Navarre Creek sampling results
Rockfire Resources (ROCK LN) – Plateau Gold mineral resource estimate
Scotgold Resources* (SGZ LN) – BUY – Cononish production guidance revision
Sunstone Metals (STM AU) – Southern Finland Gold assets divested
Companies: JAN KEFI ROCK PXC SGZ STM
Anglo Asian Mining* (AAZ LN) – STRONG BUY – Update on Restored Contract Areas
Chaarat Gold* (CGH LN) – Kapan production beats guidance and delivers $19m EBITDA
Sunstone Metals (STM AU) – Drilling results from the Espiritu gold-silver prospect in Ecuador
Tertiary Minerals* (TYM LN) – Sale of data on Finnish project
Versarien* (VRS LN) – Interim results
W Resources (WRES LN) – La Parilla Q4 production
Companies: AAZ CGH TYM VRS STM
Arkle Resources* (ARK LN) – Mine River soil sampling Bacanora Lithium (BCN LN) – Operational update at Sonora Project in Mexico | BlueRock Diamonds (BRD LN) –– BlueRock recovers 9.7ct diamond | Cornish Metals* (CUSN CN) –– First results from drilling at South Crofty in Cornwall | Greatland Gold (GGP LN) – Recent drilling expands northern breccia zone at Havieron as WA grants Mining Lease | Predictive Discovery (PDI AU) – Results of further drilling at Bankan | Strategic Minerals* (SML LN) – Conf
Companies: ARK BRD GGP PDI SML STM VAST
Research Tree provides access to ongoing research coverage, media content and regulatory news on Sunstone Metals Limited.
We currently have 8 research reports from 1
Companies: Savannah Energy Plc
Forecast and valuation update
Companies: IOG PLC
We are increasing our fair value estimate for Pantheon Resources to 208p, from under review (previously 184p). The change reflects what we believe was an unambiguously positive winter drilling campaign. This full note details the background analysis to the change in estimate of fair value, which includes a valuation table and an assessment of the forthcoming Alkaid#2 well.
Companies: Pantheon Resources plc
With several opportunistic but timely acquisitions in 2021, coupled with the recent surge in the oil price, Zenith Energy has, in our view, completely transformed itself and its value proposition to investors. While for various reasons it has not been easy for the market to fully recognise and reward this transformation, we expect 1) doubling production, 2) further strengthening of its balance sheet and 3) becoming Free Cash Flow (FCF) generative this year, will make it difficult for the market
Companies: Zenith Energy Ltd.
Alternative Resource Capital
Chariot has signed a front-end engineering and design (FEED) agreement with Schlumberger and Subsea 7 (the Subsea Integration Alliance) for the Anchois gas development project. Chariot and the Subsea Integration Alliance will adopt a “one team” integrated and collaborative approach to fast-track first gas from Anchois to maximise the return on investment for all stakeholders. The scope of work covers all the development's offshore elements including well completions and subsea production systems
Companies: Chariot Limited
AfriTin Mining (“ATM”) has announced another record-breaking quarter from Uis Phase 1. Tin production increased 13% QoQ to 152t for the three months to May (Q1 FY’23), supported by record recoveries, which along with cost initiatives drove a 16% improvement in All-In Sustaining Costs. The strong performance continues to support growth projects including incorporation of petalite lithium and tantalum by-products, upon which AfriTin recently announced positive drilling and metallurgical test work
Companies: AfriTin Mining Ltd.
Hannam & Partners
RCS-1 flow testing results
Companies: Arrow Exploration Corp.
EQTEC has reached a key milestone in its Southport energy from waste project with the appointment of Anaergia as EPC and O&M partner. This is a complex project using multiple waste treatment solutions and we see EQTEC’s inclusion as a demonstration that it’s technology can combine with these to create an optimal outcome.
Companies: EQTEC PLC
Trinity has announced the commencement of its highly anticipated onshore drilling campaign. The Company's fully funded, six well drilling programme will target an aggregate 450-1,100mmbbls of reserves at a cost of US$14-17m. In addition to drilling four “conventional” low angle wells, Trinity will also drill one horizontal well and one deeper appraisal well, with both the horizontal and deeper appraisal wells having the potential to deliver substantially higher production and economic returns ve
Companies: Trinity Exploration & Production Plc
Wentworth has announced a positive operational update ahead of its AGM to be held later today. Daily production year-to-date (YTD) has averaged 92.2MMscf/d, a c15% YoY increase (2021: 79.9MMscf/d) and ahead of Wentworth's 2022 guidance of 75-85MMscf/d. As noted previously, the strong performance of the Mnazi Bay asset YTD has allowed Wentworth to increase its total dividend distribution in respect of 2021 to 1.7p per share, a yield of c7.1%. Mnazi Bay continues to supply Tanzania with half of th
Companies: Wentworth Resources PLC
• Section II of the Northern Peruvian Pipeline has been temporary re-opened.
• As a result, 0.72 mmbbl of PetroTal’s Bretana oil has been tendered at the Bayovar port by Petroperu for the July lifting. This oil previously entered the pipeline in late 2020 for which PetroTal was paid just ~US$45/bbl at the time.
• PetroTal will receive the difference between this price and the price at which Petroperu will sell the oil in July (~US$120/bbl), generating over US$60 mm of price adjustment true-up r
Companies: PetroTal Corp.
Wentworth has announced the acquisition of a 25% non-operated working interest in the Ruvuma PSA from Scirocco Energy for an initial consideration of US$3m plus contingent payments of up to US$13m. The consideration is structured to ensure that the majority is only paid in a success case, providing Wentworth with a low-cost entry point into a high growth opportunity. The transaction has the potential to nearly double the Company's production by 2026 and add over 190Bcf of 2P reserves on a Final
• 2022 YTD gross production was 92 mmcf/d, ahead of our expectations of 89 mmcf/d for 1H22.
• The FY22 production guidance remains unchanged at 75-85 mmcf/d. It looks very conservative in our view.
• The company currently holds US$26 mm in cash and no debt. This is in line with our expectations.
• TPDC continues to be current with regards to receivables.
• We re-iterate our target price of £0.45 per share.
Steady growth and dividend
Our Core NAV for the company based on its 2P reserves only i