SP Angel Morning View: Cocoa prices overtake copper as LME increases margins on key metals

Ariana Resources - Turkey – Resource and Reserve update providing for 10 years of production

Ariana today reports an up-to-date reserve and resource (JORC 2012) update for its Turkish operations in which it owns a 23.5% interest through its Zenit partnership: Kiziltepe mine (operating) and Tavsan project (in construction), defining up to 10 years of further operational life for the combined projects. Kiziltepe consists of several open pit resources around a central processing plant and totals Measured and Indicated resources of 3.3Mt grading 1.6g/t gold 32g/t silver (172kozg old and 3.3

SP Angel Morning View: Major Chinese copper smelter supports calls for production cut

Ariana Resources - High-grade drilling results at Tavsan

Ariana today reports more of the results from the final drilling programme at its Tavsan mine project – which will be its second operating mine in Turkey. The resource is based on epithermal mineralisation centred on the thrusted contact between a Jurassic-Cretaceous limestone and an overlying Cretaceous multi-lithic ophiolite sequence, with mineralisation at the contact associated with silicification and jasperoid development and also in fractures ±10m either side of this contact. The mine pr

Hybridan Small Cap Feast - 22 Feb 24

22st February 2024 @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 obj

SP Angel Morning View: China EV price war sparked by BYD announcements

SP Angel Morning View:Lithium prices hit rock bottom as miners turn off expansion

Ariana Resources - 2023 production update

Ariana today reports on its 2023 production from its Kiziltepe mine in Turkey (Ariana 23.5% as part of the Zenit partnership) which was in line with guidance. Kiziltepe produced 17.6koz in year with a further +500oz gold in carbon and in the circuit. Price received was a record $1,945/oz, in line with the record prices in year. The mine was originally brought into production on a planned output of ~100koz gold and has already produced 151koz gold (and 1,682koz silver) producing $274m in revenue.

SP Angel Morning View: Metals rise on China state bank rate cuts

Ariana Resources (AAU) - Resource drilling ahead of production at the Tavsan mine in Turkey

Ariana today reports drill results from its Tavsan mine in Turkey which is in development (owned 23.5% through its participation in the Zenit partnership). The drilling is part of a resource update and expansion program ahead of mine production at Tavsan. Nearly 9,000m have been drilled in 104 holes since November 2022 with 2/3 of the assays received back. Results are in line with expectations with thicker zones found in areas below the resource model. The resource will be updated in Q1 2024

Hybridan Small Cap Feast - 06/12/23

6th December 2023 Newly revamped “What’s baking in the oven?” and other features in Feast @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 s

SP Angel Morning View: China lithium stocks rally on prospects for market rebound

Ariana Resources (AAU) - Further significant drill results from the Hizarliyayla discovery

Ariana today reports drill assay results from its Hizarliyayla project in Turkey; identifying a potential duplicate of the Hod Maden project 8.5km to the south. The Zenit Partnership (23.5% Ariana and operator) has drilled 10 holes for 6,006m. As a reminder Hot Maden was bought for a total consideration of $175m (cash plus shares) in 2017 by a consortium from Mariana Resources (formerly listed on AIM). A feasibility study on this deposit published in late 2021 showed a 13-year mine life with

Alien Metals - Hancock Project, Mining Lease Granted

Alien today reports intraday that the Western Australian Government has granted a mining licence for the Hancock iron ore project for a 21-year term. The granting of the mining licence is the latest milestone delivered by Alien as it advances the project towards development and production.

SP Angel Morning View: Gold resilient as US interest rates climb on long-term inflation concerns

SP Angel Morning View: Copper prices hit $9,700/t as China smelts concentrates for zero charge Tc/Rc

I3 Energy (I3E LN) - Canada royalty assets sale

I3 has announced the sale of the majority of its royalty interests in Canada, for US$24.8m cash. This allows the company to fully repay amounts drawn on its debt facility and create a working capital surplus, giving I3 significant additional funding flexibility going forward

SP Angel Morning View: Global Li-ion battery demand reaches all-time in Q1 2024

Challenger Energy (CEG LN) - £1.5m strategic investment in Challenger

Challenger has announced a £1.5m investment in the company from investor Charlestown Energy. This now allows Challenger to be fully funded for the foreseeable future as it works towards closure of its significant Uruguay farm out to Chevron, and the US$12.5m cash payment to be received once this is achieved.

Enwell Energy (ENW LN) - Q1 2024 update

Enwell has released its Q1 2024 update, showing ongoing production and limited natural decline versus the previous period, alongside further cash generation.

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

Tethys Oil AB (SSE: TETY): Increasing further the size of the prize

• The South Lahan area on Block 58 is estimated to hold 55-523 mmbl prospective resources (P90-P10 case) with a mean case of 251.8 mmbbl prospective resources across six prospects in the Ara Carbonate. • Combined with the previously disclosed prospective resources of the Fahd area in the north-eastern part of Block 58, Tethys Oil’s unrisked recoverable prospective resources on the block are estimated to be 435.9 mmbbl (Pmean). • The geological chance of success ranges from 6% to 11% for the six

JEV: Exploring Spin-off for Hydrogen Assets

What you need to know: • JEV announced that it has commenced a strategic process to explore the spin-off of its hydrogen portfolio. We view this as a strong positive for shareholders. • Over the past month, JEV also closed a $2.2M private placement and amended the terms on its debentures, setting up the Company for this transaction. Yesterday after market close, Jericho Energy Ventures Inc. (JEV:TSXV, JROOF:OTC) announced that it has commenced a strategic process to explore the spin-off and s

Clean Power Hydrogen - New customers and licensees circling…

CPH2 has released FY23 results with the company completing the period with a slightly lower cash outflow from operations and a higher cash balance than forecast. Looking ahead, with a new and improved technical and engineering team, the company has committed to completing Factory Acceptance Testing of its first MW scale electrolyser, the 0.5MW MFE110, within the next three months. In our view, this will be a major milestone for the company which will demonstrate that its unique technology can be