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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
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
Caledonia Mining* (CMCL LN) – Completion of the Central Shaft and a further rise in quarterly dividend
Oriole Resources (ORR LN) – Earns 51% interest in Cameroon properties
Pure Gold Mining (PUR LN) – Drilling results and ramp-up at Red Lake
Serabi Gold* (SRB LN) – Local management suspensions and internal investigation in Brazil
Tietto Minerals (TIE AU) – Abujar Gold PFS forecasts 168,000ozpa Au in first six years of production
Companies: PGM CMCL ORR SRB TIE
Altus Strategies* (ALS LN) - BUY – Final 10m CAY shares received
GoldStone Resources (GRL LN) – Environmental permit enables first gold pour in two months
Keras Resources* (KRS LN) – Construction of new organic phosphate process plant in Utah
Rainbow Rare Earths* (RBW LN) – Phalaborwa Rare earths project confirms 0.5% grade with 0.15% NdPr
Serabi Gold* (SRB LN) – Near-mine exploration identifies additional targets
Tietto Minerals (TIE AU) – PFS/DFS at Abujar remain on track with maiden res
Companies: ALS GRL KRS RBW SRB TIE
Altus Strategies (ALS LN) – BUY, Target 132p – 10,000m of drilling underway at Diba | KAZ Minerals (KAZ LN) – Buyout faces growing opposition from minority shareholders | Petra Diamonds (PDL LN) – Reports signs of an improving diamond market | Tietto Minerals (TIE AU) – Extended 70,000m drilling programme for PFS/DFS at Abujar
Companies: ALS PDL TIE
Atalaya Mining (ATYM LN) – Solar power plan for Proyecto Riotinto | Castillo Copper (CCZ LN) – Drilling planned for the Big One in Queensland | Condor Gold* (CNR LN) BUY – Valuation 102.5p – Director tops up his shareholding | Keras Resources* (KRS LN) – Tesla’s new batteries set to benefit manganese producers Oriole Resources (ORR LN) – Drilling contract awarded in Cameroon | Tietto Minerals (TIE AU) – Updated resource estimate for Abujar expected in mid-October
Companies: ATYM CNR KRS ORR TIE
Research Tree provides access to ongoing research coverage, media content and regulatory news on Tietto Minerals Ltd..
We currently have 6 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