SP Angel Morning View: Hawkish Fed statement weighs on market risk sentiment as dollar hits metal prices

SP Angel Morning View:

Beowulf Mining* (BEM LN) – Beowulf's Grafintec jv to site battery anode graphite production in GigaVaasa area Bluejay Mining* (JAY LN) – Mineralised zones intersected in drilling at Enonkoski Central Asia Metals (CAML LN) – Q4/21 production and CY22 guidance Katoro Gold (KAT LN) – Drill mobilisation underway at Haneti Power Metal Resources* (POW LN) Phoenix Copper* (PXC LN) – Acquisition of royalty Pure Gold (PUR LN) – Introduction of further Covid19 containment measures Talon Metals C

Talon Metals Corp. (TSX: TLO) – High Grade Nickel Deposit in the USA to Meet Strong Demand for Battery Production

• Talon Metals Corp (“TLO”, “Talon”, or “Company”) is a Nickel miner focused to meet strong demand locally in America. The company's Tamarack Project in Minnesota, USA is one of the few high-grade Nickel projects under development in the world and the only one in the USA. • Robust Economics: As per the updated PEA study, Tamarack Project has a payback period of 1.4 years, an after-tax IRR of 50.7% and an after-tax NPV@8 of C$0.68 billion. • Continued Exploration Success and Upside: The m

Sylvania Platinum - Annual guidance maintained, despite strike

Sylvania has maintained annual production guidance despite Q324 results being affected by a 22-day strike, resulting in 10% lower production. The PGM basket price was stable during the quarter, with positive platinum momentum offset by palladium weakness and rhodium prices stable. Operating costs increased by 5.6%, in line with expectations. FY24 production guidance is for 75,000–76,000oz, despite the challenges in Q324. Our PGM outlook is unchanged from our moderated forecasts earlier in the ye

Chariot - Drilling Operations Commence at Near-Term Gas Asset

Drilling operations have commenced on the first of two wells at Chariot’s Loukos Onshore licence in Morocco. The initial well is targeting the Gaufrette prospect, situated updip of an existing gas discovery (LNB-1) and is supported by seismic amplitude anomalies. Success at Gaufrette could unlock a P50 resource of 26Bcf and further upside volumes could come from a series of deeper targets that have been identified on newly reprocessed 3D seismic data. Following Gaufrette, Chariot will drill the

Annual Results and Paradox Update

Trident released their annual yesterday this morning, as well as an update regarding their Paradox royalty. Firstly, looking at their l results, we already knew the total royalty receipts this year, and therefore the focus is on EBITDA and Net Income. Both came in slightly lower than estimated but both largely driven by our lower SG&A cost estimate. We believe the reason for this is somewhat temporary – see comment below. On Paradox, Anson Resource has received a binding offtake for their proje

AUCTUS ON FRIDAY - 03/05/2024

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; target price of A$0.75 per share: Raising new equity to fund a high impact activity programme – ADX has raised A$13.5 mm of new equity priced at A$0.105 per share. One free-attaching option will be issued for evert two placement shares with an exercise price of A$0.15 per share and an expiry date of 08/05/2026. The proceeds from the raise will fund (1) the production testing of the 450 m gas column encountered at

Hybridan Small Cap Feast - 17 April 24

17th April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: 16 April 2024: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radi

LIBERUM: Trident Royalties: FY results inline & Paradox progress

SP Angel Morning View: Base metals rise ahead of US labour data

Morning Note – 3 May 2024

SP Angel Morning View: Copper prices hold $10,050/t as inventory levels tick lower

SP Angel Morning View: China further stimulates internal adoption of EVs as part of strategy develop global dominance

SP Angel Morning View: Copper holds below $10,000/t as China physical demand indicators pick up

ARC Minerals - Exploration update in Zambia and Botswana

Arc Minerals provides a comprehensive update today on plans for the coming months in Zambia and Botswana.

SP Angel Morning View: Copper prices push past two-year highs as Codelco struggles to ramp up production

Panoro Energy ASA (OSE: PEN): Drilling to restart in EG in June. 70% 2P reserve replacement ratio in 2023

Positive update in Gabon • 1Q24 gross production was 24,840 boe/d increasing to 29,800 boe/d to date in 2Q24 (Panoro WI: 17.5%). • The increasing production reflects the first Hibiscus South well coming on stream in March and encouraging production performance from two wells on ESP at Hibiscus. A third Hibiscus well continues to produce on natural flow at high rate. • We anticipate production will continue to grow given the addition of a recently completed well at Ruche that is expected to be pu

Trinity Exploration and Production - Core Business Remains Robust, Cost Manageme

Q1/24 sales volumes averaged 2,669bopd, a 2% QoQ and 8% YoY reduction (Q4/23: 2,736bopd, Q1/23: 2,899bopd) as Trinity continues to offset natural production decline through an active programme of workovers, recompletions, and swabbing. Trinity has reiterated its 2024 sales volume guidance of 2,600-2,700bopd (a c5% YoY reduction at the mid-point). Cash at 31 March 2024 was US$8.6m (31 December 2023: US$9.8m). Trinity has also provided an update on the Jacobin-1 well, where the forward plan is to