Artemis Resources - Award of exploration grant to accelerate drilling at Lulu Creek

Artemis today announces the receipt of a grant from the Western Australian State Government Exploration Incentive Scheme which could provide up to 50% of the drilling costs expected as Artemis test the IP anomalies over Lulu Creek to test for gold mineralisation. The grant is for A$82k from the state-wide fund which is currently set at A$10m/year.

Hybridan Small Cap Feast - 08 Nov 23

8th November 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 obje

Artemis Resources - Capital raise. A$2m, for value-adding work in the ground

Artemis announces today a AUD2m capital raise (~GBP1m) to accelerate its Australian exploration. The raise was done at AUD1.8c (a 20% discount to 15 day VWAP) and includes one option per two new shares exercisable at AUD2.5c before March 2026. The offer was oversubscribed from institutional and sophisticated investors. Artemis is now well capitalised from this fund raise, with liquid assets in Greentech Metals (ASX:GTM, Mkt cap AUD38m), valued at A$4.3m, and an existing cash balance (AUD0.6m end

Hybridan Small Cap Feast - 31 Oct 23

31st October 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 obje

Artemis Resources - Quarterly update, focus on lithium

Artemis today provide their quarterly update for the September quarter. A new Executive director has been appointed in George Ventouras who has considerable experience in the resources sector. The company has been streamlining and on a cost reduction exercise and has A$0.6m in cash and A$2.7m in ASX share investments. No work has been undertaken recently on Patterson while work in Carlow has been on the Lulu gold project and ground assessment of the many identified lithium pegmatites.

Artemis Resources (ARV) - Emerging lithium belt attracting the big players

We have previously written on the emergence of a new lithium belt in Western Australia. Interest in the belt is gaining traction, and yesterday, SQM (NYSE:SQM N/R), a major producer of lithium, announced its intention to acquire Azure Minerals (ASX:AZS N/R), 60% owner of the Andover lithium project, a cornerstone of the emerging belt. Artemis's Greater Carlow project is adjacent to Andover and is central to the emerging belt, located between the Andover project to the east and Greentech Metals'

Hybridan Small Cap Feast 05/10/2023

Dish of the day Joiners: No joiners today. Leavers: Pittards has left AIM. What’s cooking in the IPO kitchen?** Announced ITF 12 July: Substrate Artificial Intelligence, an artificial intelligence company based in Spain that creates, buys and scales companies around AI in diverse sectors such as fintech, agritech, energy, human resources, and health, intends to join the Access Segment of the AQSE Growth Market. Admission expected on 10 October. Announced ITF 26 September: Mydecine Innovations Gr

SP Angel Morning View: Industrial metals prices follow oil lower on global demand concerns

Artemis Resources - Multiple pegmatites discovered at Greater Carlow and high-grade lithium reported in the Osborne JV

Today Artemis reports that numerous pegmatite swarms have been identified at Greater Carlow around the margins of the Andover mafic intrusion complex. Most significantly, assays show that four pegmatite clusters are enriched in lithium-caesium-tantalum (LCT) and are potentially prospective for economic mineralisation.

Artemis Resources - Annual Report for the year ending 30 June 2023

Artemis is a gold, copper, and lithium focused resource exploration company with three major projects in the highly prospective Pilbara region of Western Australia. In what has been a busy year, progress has been made across the portfolio.

Artemis Resources - New lithium exploration targets in JV licences

Artemis reported intraday yesterday (10:51) on the lithium potential in the Ruth Well licence and the Osborne JV licences (which is held in JV with Greentech Metals (ASX:GRE, No Rec)); Osborne is held 49% by Artemis. A review of historical soil geochemistry confirms two Lithium-Caesium-Tantalum (LCT) pegmatite trends (North and South). The Northern LCT run from Ruth Well into Osborne with the Southern trend wholly in the Osborne JV. This has been followed up by geological mapping and rock chi

Artemis Resources - Prospectivity of tenements boosted by regional lithium discoveries

Artemis has a portfolio of highly prospective projects in Western Australia. The growing gold-copper-cobalt resource at Carlow Castle is being advanced towards an investment decision and the Paterson Central project has attracted some third-party interest given its proximity to the standout Havieron gold-copper deposit. The emergence of a new lithium belt in the Western Pilbara around the Artemis licences, together with the exploration in and around the Lulu Creek Intrusion in the Greater Carlow

Hybridan Small Cap Feast 10/07/23

Joiners: No joiners today. Leavers: Xpediator Plc has left AIM. What’s cooking in the IPO kitchen?** Substrate Artificial Intelligence, an artificial intelligence company based in Spain that creates, buys and scales companies around AI in diverse sectors such as fintech, agritech, energy, human resources, and health, intends to join the Access Segment of the AQSE Growth Market. Expected Admission 21 July 2023. Blackpoint Biotech plc, a medical cannabinoids company established to fulfil gaps in t

Artemis Resources (ARV) – Corporate – Gold follow-up programme planned at Lulu Creek, Greater Carlow Castle

Today Artemis reports that following a review of its exploration data that the gold mineralisation identified at Lulu Creek, part of the Greater Carlow Castle project, drilled in 2020, is now a project of interest. The gold is associated with quartz veining and disseminated sulphides in a quartz diorite intrusion. Geochemically, gold is associated with silver, arsenic, molybdenum, lead and bismuth, an indication of sulphide mineralisation. Additionally chemical characteristics within the intrusi

Jersey Oil & Gas - Delivering zero-capex barrels

Last week, JOG successfully secured its second GBA farmout, locking in a path to delivering zero-capex barrels. The surprisingly muted share price response to the farm-out leaves JOG trading at an unjustifiably large discount to our valuation. With a material fully funded development project under its belt and a clean balance sheet, JOG presents a very low-cost way to access high quality development barrels for investors and potential acquirers alike. If the threat of M&A does not narrow JOG’s v

Alien Metals - Setting the foundations for operations at the Hancock DSO project

Alien and the Iron Ore Company of Australia (IOCA), continue to lay the foundations for operations at Hancock, one of its direct shipping iron ore (DSO) projects in Western Australia. Progress made to date ensures that, should a positive investment decision be made following the conclusion of Definitive Feasibility Studies (DFS), Hancock will be in operation and generating cashflow soon after capital is invested.

Morning Note – 28 November 2023

Longboat Energy plc (AIM: LBE): All eyes on 2024

• With the acquisition of interests in Sygna and Statfjord Øst expected to complete in January, the process to establish a stable well-funded producing business in Norway is almost complete. FY23 production at Sygna and Statfjord Øst net to Longboat Norge is ~250 boe/d. • The acquisition of 49.9% of Longboat Norge by JAPEX in 2023 provides low cost capital and access to a strong balance sheet to develop further the Kveikje area and make acquisitions at no further dilution to Longboat plc. • With

Clean Power Hydrogen - Revised agreement with ATOME

CPH2 and ATOME have reached a mutual agreement to cease the previous production order made by ATOME. The CPH2 Board of Directors considers it is in the Company’s best of interests to focus its engineering and installation resources in ensuring roll out Membrane Free Electrolysers with current partners Fabrum Solutions Limited, KCA Deutag and, Northern Ireland Water. As part of the agreement, Molecular Energies has requested, and CPH2 has agreed to, a non-binding framework agreement with G-Mobili

Oil & Gas - Cavendish sector note

Jersey Oil & Gas, Serica Energy, Trinity Exploration & Production, Longboat Energy, Ithaca Energy, Neptune Energy, Pantheon Resources, Nostrum Oil & Gas, Kufpec, ORLEN.

UK-Listed Energy Sector: Review of the UK oil and gas landscape – why the country needs it, current policy and tax

The front of this note takes a look at the UK oil and gas sector, why domestic production is advantageous, what the main political parties think, and what could happen going forward. The latter part contains a review of the companies in our coverage – some that are UK centric, which give exposure to the note’s wider theme, and others that are focused elsewhere.

Strong second half trading

i3 Energy - What-if analysis run at WTI $60/b and US natural gas at $2.50/mmbtu

A summary of our hypothetical “Car Crash” commodity price scenario analysis is outlined in Table 1, which provides increased confidence, we believe, in i3 Energy's capacity to fund its dividend under adverse conditions. Notably, the dividend yield is an attractive 10.3%. Effectively, our analysis reinforces our view that i3 Energy is mispriced. Details for our “Car Crash” commodity price scenario are provided in Tables 2, 3, 4 and 5. We reiterate our 20.9p fair value estimate, which is premised

Greenfield Exploration Programme Update – Palito Complex

Serabi Gold (AIM: SRB, TSX: SBI), the Brazilian-focused gold producer and developer released an update on its Greenfield Exploration activities in its Palito Complex. The exploration activity has been undertaken as part of the Exploration JV with Vale SA. The update from the announcement today reflects the high prospectivity of the Palito complex. During the year, the company ran a programme of collecting 5,5k soil samples which have increased their first-pass surface geochemistry coverage

SP Angel Morning View: Iron ore rises to $135/t as steel inventories fall

SP Angel Morning View: Metals prices rise on rising China GDP and ongoing economic electrification

SP Angel Morning View: Nickel prices jump following stainless steel price rise in China

Tlou Energy (TLOU LN) - Lesedi-6 well first gas flows

Tlou has reported first gas to surface from its Lesedi-6 well, representing the fastest time between beginning dewatering and flowing gas for any Lesedi well to date, and helping underpin gas supply for first electricity sales in 2024.

TENNYSON Energy Research - Falcon Oil & Gas - The final countdown