Anglesey Mining (AYM LN) – £768k raised to progress Parys Mountain and Grängesberg projects BHP (BHP LN) - looks to DRC copper in major policy shift Cora Gold (CORA LN) – Step out and infill drilling returns good grades at Sanankoro Lithium Americas (LAC US) – Thacker Pass MRE increase and project scale upgrade Strategic Minerals* (SML LN) – Progress at Leigh Creek
Companies: AYM BHP CORA SML
AEX Gold (AEXG LN) – New exploration presentation Altus Strategies* (ALS LN) – Tabakorole MRE expands to +1moz BHP (BHP LN) – BHP looks to DRC copper in major policy shift Castillo Copper (CCZ LN) – Exploration summary for the Big One prospect Thor Explorations (THX CN) – Commercial production at Segilola, Nigeria
Companies: AEX THX ALS BHP CCZ
Aura Energy* (AURA LN) – Trading Halt on ASX BHP (BHP LN) – Nickel supply agreement signed with Toyota-Panasonic Botswana Diamonds (BOD LN) – Renewal of prospecting licences in Botswana Caledonia Mining* (CMCL LN) – Increased quarterly dividend Castillo Copper (CCZ LN) – Positive preliminary due-diligence results at the Picasso lithium project Cornish Lithium (Private) – New hires strengthen team supporting the United Downs Deep Geothermal and other projects Oriole Resources (ORR LN) – E
Companies: AEE CMCL BHP BOD ORR TGR CCZ SGZ
BHP (BHP LN) – Influential proxy adviser urges shareholders to vote against climate plan GreenRoc Mining (GROC LN) – Admission to AIM Rambler Metals and Mining* (RMM LN) – Covid19 disruption triggers delay in interim accounts Rockfire Resources (ROCK LN) – Drilling progresses at the Copperhead project Strategic Minerals* (SML LN) – Results from exploration west of Redmoor Xtract Resources (XTR LN) – Bushranger Phase 2 drilling
Companies: BHP ROCK RMM SML XTR
Altus Strategies* (ALS LN) – Geophysical survey launched at Agdz polymetallic project in Morocco BHP (BHP LN) – S&P warns that oil and gas exit threaten credit rating Empire Metals* (EEE LN) – Eclipse update Oriole Resources (ORR LN) – Interim report highlights progress in Cameroon and Senegal Petra Diamonds (PDL LN) – Sale of 342 carat white diamond from Cullinan Rambler Metals and Mining* (RMM LN) – Progress of drilling at the Ming mine with 2021 programme around 60% complete
Companies: ALS BHP EEE ORR PDL RMM
Aura Energy* - (AURA LN) – DFS costs update for Tiris show one of the lowest cost uranium projects in the world BHP (BHP LN) - BHP to spend $7.5bn on Jansen potash mine Cora Gold (CORA LN) – High grade intersections returned at Zone B and Selin Geely Automobile Holdings (0175 HK) – Geely H1 sales rise 22% to CNY45bn ($7bn) but warns of chip shortage Kenmare Resources (KMR LN) – Record half-year profit of $48m driven by strong ilmenite production Oriole Resources (ORR LN) – Phase 1 drilli
Companies: AEE BHP CORA KMR ORR TYM
Driven by exceptional price gains, BHP reported impressive FY21 operating results and helped overshadow legacy fossil issues. While shareholder rewards were euphoric – though behind peers, the decision to give-up a dual-listed structure and have a primary listing in Australia was a major announcement, followed by the merger of the Petroleum division with Woodside and go ahead for Jansen potash project. However, management still lacks the vision to tackle the impact of expected margin normalisati
Companies: BHP Group Plc
Altus Strategies* (ALS LN) - BUY – Valuation under review – $34m to secure the first revenue generating royalty with more deals to follow Ariana Resources (AAU LN) – Arzu South drilling results BHP (BHP LN) - BHP to drop London listing and agrees deal to merge its oil & gas business with Woodside Petroleum in all-share deal Glencore (GLEN LN) – Glencore signs partnership with Britishvolt for its UK gigafactory Phoenix Copper* (PXC LN) – Interim results and projects update Premier African Mi
Companies: ALS AAU BHP GLEN PXC PREM SRES TGR
Altus Strategies* (ALS LN) – BUY, Target 118p – Encouraging Tabakorole Gold Project drilling results Anglo Asian Mining* (AAZ LN) - BUY – Maiden Zafar resource underpins future long term production growth BHP (BHP LN) - BHP in talks to exit oil & gas industry BlueRock Diamonds (BRD LN) – Very large 58.6ct diamond discovered at Kareevlei Diamond Mine Kavango Resources (KAV LN) – Exploration progress at KSZ Hukuntsi Mkango Resources* (MKA LN) – Conditional approval from TSX-V for issue of sh
Companies: MKA ALS AAZ BHP BRD KAV ORR PREM
Arkle Resources* (ARK LN) – Latest drilling results from the Mine River gold exploration project BHP (BHP LN) - BHP expects demand for nickel in battery demand to rise by 500% Cora Gold (CORA LN) – Drilling update at Sanankoro Kodal Minerals* (KOD LN) – Bougouni licence application advances to final stage of the approval process Power Metal Resources* (POW LN) – Phase-1 work programme complete at Tati Project Vale (VALE US) – Vale Nickel workers end two-month strike at Sudbury
Companies: VALE3 ARK BHP CORA POW
Altus Strategies* (ALS LN) – BUY, Target 118p – New addition to the team to manage Egyptian portfolio of assets BHP (BHP LN) – Main workers union at Escondida rejects company offer Newcrest Mining Ltd (NCM AU) – Additional targets close to Havieron Piedmont Lithium (PLL AU) – Delays predicted supply timeline for Tesla deal PureGold Mining (PUR LN) – PureGold reaches commercial production URU Metals* (URU LN) – Zebediela project sale completed
Companies: PGM ALS BHP URU NCM PLL
Anglo American (AAL LN) – De Beers reports continuing strength in diamond jewellery and expects continuing positive demand during H2 Aura Energy* - (AURA LN) – Progress with Tiris uranium project BHP (BHP LN) – BHP Group makes all-cash offer to pay C$0.55/s for Noront Resources valuing the Company at C$325m. Noront Resources (NOT CN) – Offer from BHP at C$0.55/s Bluejay Mining* (JAY LN) – BUY - Valuation 37.7p - partial divesting of black shale properties in Finland Empire Metals* (EEE LN)
Companies: AEE AAL BHP JAY PDL POW RIO URU RNU SGZ
Anglo American (AAL LN) – Production recovery as Q2 operating levels run at 95% of normal capacity BHP (BHP LN) – Record iron ore production from W Australia and copper output from Olympic Dam Hummingbird Resources (HUM LN) – Q2/21 production grows with further gains guided for H2/21 Polymet Mining* (PLM N) – Air permit remanded by Minnesota appeals court Power Metal Resources* (POW LN) / Kavango Resources (KAV LN) – Soil sampling extends Morula Target Geochemical Anomaly to Over 18km
Companies: POM AAL BHP HUM KAV POW
Ariana Resources (AAU LN) – Annual results timetable impacted by Turkish travel restrictions Atalaya Mining (ATYM LN) – Mineral reserves and resources update for Cerro Colorado and San Dionisio BHP (BHP LN) – plans to double exploration budget within five years Cornish Metals*+ (CUSN LN) – Quarterly update and progress report on exploration in Cornwall Keras Resources* (KRS LN) – Interim results Firefinch (FFX AU) – Raising A$47m to reinvigorate Morila
Companies: CUSN AAU BHP KRS ATYM FFX
Research Tree provides access to ongoing research coverage, media content and regulatory news on BHP Group Plc. We currently have 177 research reports from 9 professional analysts.
Phoenix copper today provides an update on its ground geophysical survey over the Red Star prospect near its Empire copper project in Idaho. The Red Star skarn mineralisation (lead and silver ± copper, zinc) is associated with magnetite; the survey just undertaken was to better understand the distribution and orientation of magnetite to find potential mineralisation and to inform the location and direction of a further drilling programme.
Companies: Phoenix Copper Ltd. (United Kingdom)
We are initiating coverage of VAST Resources (VAST), which has wholly-owned Baita Plai and Manaila polymetallic mines plus an interest in two exploration projects, all located in Romania. At this stage, Baita Plai is the main driver for our valuation as it is currently being ramped up to 14kt per month. As such, we expect Baita Plai’s Cu eq output to reach c 2.4ktpa in FY23F followed by 3.3ktpa in FY24F. This, coupled with Manaila’s potential re-start of an additional 3ktpa of Cu eq over the sho
Companies: Vast Resources plc
Diversified Energy Company (DEC) has announced a fourth acquisition within the Company's Central Region, acquiring a portfolio of upstream assets and related infrastructure from Tapstone Energy Holdings LLC and its related party, KL CHK SPV LLC. Oaktree Capital will co-invest in the acquisition, representing Oaktree's third co-investment since May this year. Importantly, Oaktree's participation provides important third-party validation whilst also affording Diversified additional liquidity and l
Companies: Diversified Energy Company PLC
We see the UK Government’s Net Zero Strategy as being overall helpful but not especially definitive. Amongst our coverage group, Drax Group (DRX LN) and Velocys (VLS LN) benefit from the Humberside CCS cluster prioritisation and Velocys from SAF support. The amount of renewables is likely to boost the need for flexibility solutions where Drax, Gore Street (GSF LN) and SIMEC Atlantis (SAE LN) can benefit. Hydrogen companies ITM (ITM LN) and Powerhouse Energy (PHE LN) are likely to find support. T
Companies: ADN DRX GSF ITM NESF PHE SAE SIT STRLNG TLG VLS
Companies: Shanta Gold Limited
Today’s IPO of Tungsten West (TUN-LON) unlocks a valuable, long term revenue stream for Hargreaves. This comprises a £1m per annum fee (first payment next month) as well as a mining services contract once the mine recommences production. The resulting EPS upgrades are 6% and 7% in FY22 and FY23 respectively, followed by 9% in FY24 with the first partial contribution from the mining services contract. This continues Hargreaves’ impressive recent run of forecast upgrades and reinforces our convict
Companies: Hargreaves Services plc
Companies: Thungela Resources Limited
Joiners No Joiners Today. Leavers No Leavers Today. What’s cooking in the IPO kitchen? Devolver Digital to join AIM, an award-winning digital video games publisher and developer in the indie games space. Recently awarded indie 'Publisher of the Year 2021' by GamesIndustry.biz. Offer TBA. Due early Nov. Life Science REIT to join AIM raising up to £100m. This will be the first London listed real estate investment trust (REIT) focused on UK life science properties providing investors with exposure
Companies: SYS1 ARE SO4 SNG TMG TMT OHG IDE KIBO MRL
Shanta Gold (AIM: SHG) has, this morning, announced its production and operational results for the quarter ended 30th September 2021 – see Fig 1. Operationally this was a slightly weaker than expected quarter but very promising from the corporate side with a new five-year plan announced, an 0.10cps interim dividend announced and a resource update at the West Kenya Project (WKP). QoQ production was flat at 14,194 oz and AISC rose to $1,480/oz caused by a temporary drop in grade as well as hig
Brent crude topped $85 a barrel in London for the first time since 2018, the latest milestone in a global energy crisis that has seen prices soar. Oil Prices: West Texas Intermediate for November settlement rose 97 cents to settle at $82.28 a barrel in New York. Brent for December delivery added 86 cents to settle at $84.86 a barrel. The global benchmark rose above the key level in intraday trading but did not settle above it on Friday. US crude futures posted an eighth straight weekly
Companies: FO 88E DEC EME GTC TRIN UOG WEN
Trifast has released a good interim trading update ahead of its interim results due on 23 November. Overall trading has been in line with management expectations at “both revenue and profit levels” since the AGM update in July although this belies the strength of the Group's top line performance in our view. We remain buyers.
Companies: Trifast plc
Rio’s investors day was focused on two of the most critical mining industry thematics in today’s times, i.e. green and growth. The announced measures couldn’t have materialised at a better time, given the (recent) woes pertaining to governance and the iron ore market sell-off. Remember, considering Rio’s enviable balance sheet strength, it has the flexibility to pursue the targeted plans with rigorously and, at the same time, maintain ‘relative’ shareholder reward attractiveness. Hence, we reite
Companies: Rio Tinto plc
Anglo Asian Mining* (AAZ LN) - BUY – 180p – 4.5c special dividend BeMetals (BMET CN) –– Drilling commences at South Mountain, Idaho Condor Gold* (CNR LN) – BUY, valuation 102.5p – Progress of the La India feasibility study Hochschild (HOC LN) - Hochschild to spin off rare earth assets Rambler Metals and Mining* (RMM LN) – BUY, fair value 10.7p - Ming mine underground drilling programme demonstrates grade and width improvements at depth SolGold* (SOLG LN) – Tandayama-America initial resour
Companies: BMET AAZ CNR HOC RMM SOLG
Joiners Tungsten West (TUN.L) has joined AIM. Tungsten West is the 100% owner and operator of the historical Hemerdon tungsten and tin mine located near Plymouth in southern Devon. Hemerdon represents the world's third largest tungsten mineral resource, with a JORC (2012) compliant Mineral Resource Estimate of approximately 325Mt at 0.12 WO3. Capital raised on Admission: £39m. Anticipated Mkt Cap: £106.2m. Future Metals NL (ASX:FME, FME.L) (formerly named Red Emperor Resources NL) had joined AIM
Companies: SOLI RBD ALU ATQT BBI CWR DRV ORCP WATR
With the recent acquisition of producing assets in the US, Canadian Overseas Petroleum (COPL) has started a new chapter in its existence and has already transformed its value proposition to investors. Following the recent operational developments, we are already seeing potential for a significant additional value accretion in the next 12 months, not only from the producing Barron Flats Unit (BFU), but from several other opportunities as well. The potentially better-than- expected production ramp
Companies: Canadian Overseas Petroleum Limited
