Hybridan Small Cap Feast 28/09/22

Joiners: No joiners today. Leavers: Brewin Dolphin Holdings has left the Main Market. Caretech Holdings has left AIM. What’s cooking in the IPO kitchen?** Streaks Gaming plc, a UK-based provider of conversational gaming products intends to join the Standard Segment of the Main Market this autumn. The flotation is expected to value Streaks at approximately £10.2m (pre-money) and will make it the first LSE-listed "pure-play" conversational gaming company. Raising between £5-10m. Independent Living

SP Angel Morning View: Robust US economic data adds to US$ strength weighing on gold and copper

Arkle Resources* (ARK LN) - Arkle Resources to complete additional drilling at Stonepark Botswana Diamonds (BOD LN) – Approvals for acquisition of the balance of Thorny River KEFI Gold and Copper* (KEFI LN) – Interims highlight strong growth pipeline of projects in Ethiopia and Saudi Arabia Keras Resources* (KRS LN) – Interims highlight strong progress in Utah Largo Inc. (LGO CN) – Largo Physical Vanadium announces trading on TSXV today Oriole Resources (ORR LN) – Interim report highlights

SP Angel Morning View: Gold climbs as China fires ballistic missiles in exercises around Taiwan

BlueRock Diamonds* (BRD LN) – Two large diamonds sold in July tender for $121,716 Botswana Diamonds (BOD LN) – Additional kimberlite identified in recent drilling at Thorny River. Centamin (CEY LN) – Interim results confirm 2022 production and cost guidance Condor Gold* (CNR LN) – Metallurgical test results from La India Galantas Gold* (GAL LN) – Further positive results from Omagh underground drill programme Glencore (GLEN) – Profits take off as higher as rising metals and energy prices dr

SP Angel Morning View: Base metals bounce as sentiment improves on Russian gas supply restarts to Europe

Allkem (AKE AU) – Record production and revenues in FY22 reported amid strong demand for lithium AfriTin Mining (ATM LN) – Infill drilling results from the Uis mine Antofagasta (ANTO LN) – Revised production and cost guidance Botswana Diamonds (BOD LN) – Increased holding in Maibwe joint-venture, Botswana Centamin (CEY LN) – Q2 operational performance keeps Sukari on track to meet 2022 guidance Leo Lithium (LLL AU) – $40m debt facility agreed with Ganfeng Strategic Minerals* (SML LN) – Co

SP Angel Morning View: Copper climbs on a pullback in US inflation expectations and Chinese property market news

Botswana Diamonds (BOD LN) – Drilling underway at Thorny River CMOC (603993.SS) – CMOC suspends all exports from Tenke Fungurume copper, cobalt mine in the DRC Kore Potash (KP2 LN) – Q2/22 update highlights completion of the Optimisation Study with EPC proposal expected in Aug/22 Power Metal Resources* (POW LN) – Site visit completed at newly acquired Botswana licenses

SP Angel Morning View: Risk off sentiment weighs on base metals

Atalaya Mining (ATYM LN) – Meeting the challenges of high energy and supply costs as balance sheet strengthens Bluejay Mining* (JAY LN) – Results statement highlights progress at Dundas ilmenite project alongside new exploration jv with Kobold Metals at Disko-Nuussuaq Botswana Diamonds (BOD LN) – Ground geophysical anomalies indicative of kimberlites at Sekaka Horizonte Minerals (HZM LN) – Construction starts at Araguaia with official ‘ground-breaking ceremony' Power Metal Resources* (POW LN

SP Angel Morning View: Gold rangebound ahead of US CPI data

Botswana Diamonds (BOD LN) – Setback for Ghaghoo mine acquisition Gem Diamonds (GEMD LN) – Agreement on sale of the Ghaghoo diamond mine lapses Horizonte Minerals (HZM LN) – Araguaia earth-works contract SolGold* (SOLG LN) – Appointment of CFO Sunrise Resources (SRES LN) – California approves CS Pozzalan for infrastructure use

SP Angel Morning View: Base metals continue to slide on China lockdowns and weakening PMI data

Botswana Diamonds (BOD LN) – Ground geophysical anomalies at Thorny River Conroy Gold & Natural Resources (CGNR LN) – Drilling at Clontibret Kodal Minerals* (KOD LN) – Kodal raises £3m in oversubscribed placing to advance Bougouni Lithium Project in Mali Rambler Metals and Mining* (RMM LN) - NPV Valuation: 168p/s – Updated Ming mine resources show improved confidence levels and increased copper and gold content Sunrise Resources (SRES LN) – Progress report on the search for a new partner to

Hybridan Small Cap Feast 25/04/22

What’s cooking in the IPO kitchen? Lift Global Ventures plc to join AQSE Growth Market. The Company's investment strategy is to operate as an enterprise company seeking acquisition or investment opportunities within the financial media and technology industries. Within these broad industries, areas of focus may include: Financial news websites and other forms of “new media”, Investment research providers, Financial PR, IR, design and marketing agencies, Production studios and visual content prov

SP Angel Morning View: Copper pulls back on weak Chinese PMI data

Atlantic Lithium* (ALL LN) – Interims highlight a series of major milestones including Piedmont funding and a continuing Ewoyaa MRE growth BlueRock Diamonds* (BRD LN) – BlueRock raises £2.1m for working capital to support mine expansion and increased diamond output Botswana Diamonds (BOD LN) – Diamond prices rising strongly with supply concerns exacerbated by potential impact of sanctions on Alrosa Castillo Copper (CCZ LN) – Cobalt assay data from Broken Hill Galan Lithium (GLN AU) – HMW DFS

SP Angel Morning View: Metals prices gain on caution over pace of Fed QE tightening

Altus Strategies* (ALS LN) BUY, Target 111p – Newcrest portfolio of royalties acquisition deal completion AngloGold (ANG SJ) – Full-year trading statement sees drop in earnings on Obuasi shutdown Ariana Resources (AAU LN) – Kiziltepe mineral resource increase Bluejay Mining* (JAY LN) – Incorporation of joint venture company in Greenland with Kobold Metals Botswana Diamonds (BOD LN) – Ghaghoo mine acquisition Gem Diamonds (GEMD LN) – Strong diamond prices fuel a robust final quarter Lynas

SP Angel Morning View: Nickel prices rally on weak US$ and Indonesia export tax proposal

Alien Metals (UFO LN) –– Hancock project drilling results Beowulf Mining* (BEM LN) – Beowulf shares rise as market digests significant of Grafintec jv and MoU for new battery anode site in Finland Botswana Diamonds (BOD LN) – Indications that Thorny River may be more extensive than first thought Bushveld Minerals* (BMN LN) – Bushveld in negotiation with Mustang Energy over restructuring of deal to invest in Enerox Phoenix Copper* (PXC LN) – Mineralisation encountered in all seven recently dr

SP Angel Morning View: Gold posts gains on Omicron variant news

Adriatic Metals (ADT1) – high-grade mineralisation intercepted northwest of Rupice Alphamin Resources (AFM LN) – Alphamin unaffected by kidnappings in Kivu province Bacanora Lithium (BCN LN) – Ganfeng acceptance level update Beowulf Mining* (BEM LN) – JV terms signed for anode materials production in Finland Botswana Diamonds (BOD LN) – Annual results flag the potential transition to becoming a diamond producer at Ghaghoo Castillo Copper (CCZ LN) – Exploration update KEFI Gold & Copper (KE

SP Angel Morning View: Gold recovered to $1,800/oz as China flags new covid outbreak

Botswana Diamonds (BOD LN) – £550,000 fund-raising Castillo Copper (CCZ LN) – IP Survey identifies potential drill targets at Luanshya KEFI Gold and Copper* (KEFI LN) – Security incident resolved Kore Potash (KP2 LN) – Quarterly operations update Petropavlovsk (POG LN) – Q3 update highlights recovering production at own mines with increasing POX Hub utilisation Sibanye-Stillwater (SSW JSE) – In talks to buy Brazilian projects for $1bn Strategic Minerals* (SML LN) – £400,000 fund-raising

SP Angel Morning View: Risk sentiment pulls back amid stagflation concerns

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

LIBERUM: Sylvania Platinum* - Best quarter since early 2020

LIBERUM: Pensana Plc* - Pensana’s Coola Exploration Licence continues to deliver

Chariot Limited (AIM: CHAR): Electricity trading JV enhances returns on core business and opens a new revenue stream

• Chariot, the Neura Group, H1 Holdings and Meadows Energy have formed Etana Energy, a new electricity trading company in South Africa. Etana is one of the few companies granted an electricity trading licence in the country. • The licence allows Etana to sell and buy electricity on the grid, opening up access to a range of high-volume off-takers including municipal, industrial and retail customers. • Chariot, H1 Holdings and Meadows Energy hold respectively 25%, 21% and 5% of Etana and bring ex

LIBERUM: Pensana Plc* - Initiation - Loosening China's grip on rare earths

Sasa future bright as C&F project progresses apace

A recent site visit to CAML’s Sasa zinc-lead mine in North Macedonia has further strengthened our view that the operation is well on course to make the planned transition to cut-and-fill (C&F) mining next year, securing a sustainable path for profitable operations for many years to come. Since taking ownership of Sasa five years ago, CAML has netted US$439m of revenue from zinc and lead sales and generated US$280m of EBITDA. Such robust profitability has enabled the group to fully repay the US$1

Initiation of Coverage

Diversified Energy (Diversified) is focused primarily on US natural gas production. Its strategy is to acquire and operate producing energy assets, which has seen it grow rapidly and create significant shareholder value. Since its 2017 IPO, the group has grown reserves 15x, increased production over 280x, raised the dividend 11 times and grown its market value 16x to £1.1bn. Diversified is currently the 2nd largest independent energy company by production, the 4th largest by market value and the

South Harz Potash: A$3m equity raise to advance Ohmgebirge development

South Harz Potash (“SHP”) has today announced an exploration licence permit extension as the Thuringian government continues to demonstrate its commitment to developing the mining sector in the region. This follows last week’s announcement of a A$3m equity raise at a share price of A$0.045, a 5.3% discount to the last close, from new and existing shareholders including A$625,000 from SHP Directors. The aim of this raise is to continue development of Ohmgebirge PFS workstreams, with completion an

IOG - Operational update

Operational update

Jersey Oil and Gas* - Verbier licence extension

Verbier licence extension

Auctus on Friday - 25/11/2022

AUCTUS PUBLICATIONS ________________________________________ Calima Energy (CE1 AU)C; Target price of A$0.60 per share: Market cap paid back in 2 years, even after incorporating higher differentials - Four wells out of the five well 4Q22 programme have now been drilled with two wells already in production. Gemini#10 is producing in line with the type curve (IP of 120 boe/d gross and 60 boe/d net to Calima 50% WI). Gemini #11 was put into production on 24 November while Gemini#12 will be brought

Arrow Exploration - Work programme update and Q3 2022 results

Work programme update and Q3 2022 results

Bowleven - Forecast and valuation update

Forecast and valuation update

Trifast# - Tough 1HFY23, but forecasts reiterated

As indicated with the 1HFY23 trading update, Trifast posted strong revenue gains, but underlying profitability suffered, and net debt ended the period at £40.4m (IAS 17). Given strong management action, including implementation of an operational improvement programme and the establishment of a new Executive Committee we anticipate a much improved 2HFY23. We make no material changes to our forecasts and continue to expect Trifast to report FY23 adjusted profit before tax (PBT) of £14.2m. Manageme

AfriTin Mining: Lithium and Tantalum infill programme continues to show strong co-product grades

AfriTin has released assay results of a further five holes from its 50-hole programme aimed at upgrading confidence in the lithium and tantalum resource in the V1V2 pegmatite at its flagship Uis project in Namibia. The results continue to support the previous geological model and show grades roughly in-line with the Inferred Resource for lithium (0.63% Li2O) and tantalum (85ppm Ta), with some notable higher-grade areas. Highlights include 10m @ 1.35% Li2O from 211m and 38m @ 1.00% Li2O from 107m

SolGold: New investment from Jiangxi as strategic review continues; PFS Addendum cancelled; DFS delayed

SolGold (“SOLG”) has announced it is raising ~US$36m of new equity through the issuance of 180m new shares, including 155m to Jiangxi Copper (Hong Kong) Investment Company Limited ("Jiangxi"). Jiangxi, a Chinese state-owned enterprise and the largest copper producer in Mainland China, will have a 6.3% shareholding in SOLG upon closing of the raise, expected around 9 Dec subject to due diligence. This new cash will further bolster the balance sheet following the announcement on 7 Nov of a US$50m