SP Angel Morning View: Metals slide as Chinese PMIs indicate potential contraction in August

Conroy Gold & Natural Resources (CGNR LN) – Clontibret drilling results Gem Diamonds (GEMD LN) – Increased costs for fuel and explosives and exceptional rainfall squeezes H1 profits while demand remains strong Galan Lithium (GLN AU) – Testwork demonstrates good flow rates and high lithium grades at the HMW Lithium Project Hummingbird Resources (HUM LN) – Kouroussa development update Power Metal Resources* (POW LN) – Exploration license granted in South Australia Rambler Metals and Mining*

SP Angel Morning View: Metals rise on G7 $600bn infrastructure target and as China eases travel quarantine rules

BHP (BHP AU) – $4bn earmarked for emissions reduction by 2030 Conroy Gold & Natural Resources (CGNR LN) – Drilling at Clontibret encounters mineralisation KEFI Gold and Copper* (KEFI LN) – Response to press reports Keliber (private) – Environmental permits secured for lithium plants Kore Potash* (KP2 LN) - BUY – Kola Optimisation Study delivers better economics and more robust project with EPC and funding proposal targeted for H2/22 Orosur Mining* (OMI LN) – Positive soil sampling results

Hybridan Small Cap Feast 04/05/22

Joiners: No Joiners Today. Leavers: No Leavers Today. What’s cooking in the IPO kitchen? Altona Rare Earths, the AQSE listed mining exploration company focused on the evaluation, acquisition and development of Rare Earth Elements mining projects in Africa, intends to join the Main Market. Admission to trading of the Company's Ordinary Shares on the AQSE Growth Market will be cancelled simultaneously with Admission. It is also proposed that on Admission, the Company will change its EPIC from AQSE

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

SP Angel Morning View: Base metals rise as covid and sanctions disrupt market

Caledonia Mining (CMCL LN) – Quarterly dividend Conroy Gold & Natural Resources (CGNR LN) – Additional prospecting licences awarded Endeavour Mining (EDV LN) – Plan to add BiOx plant at Sabodala-Massawa mine Gemfields (GEM LN) – Auction of emeralds from Kagem Power Metal Resources* (POW LN) – Drilling confirms gold mineralisation at Tati project

Hybridan Small Cap Feast 21/03/22

Joiners: Spinnaker Acquisitions (ONDO.L), has rejoined Main Market (Standard). The Company has acquired the entire issued share capital of HomeServe Labs Ltd, a wholly owned subsidiary of FTSE250 quoted public company HomeServe Plc, by way of a reverse takeover. It is proposed to change the name of the Company to Ondo InsurTech Plc and the name of Labs, which will become a subsidiary of the Company, to LeakBot Ltd. The Company has a patented water security system (The LeakBot system) that preven

SP Angel Morning View: Copper and tin hold despite nickel trading limit down

Anglo Asian Mining* (AAZ LN) - BUY– Zafar MRE comes down on lower tonnage and grades Atlantic Lithium* (ALL LN) – Len Kolff to be appointed to board and as interim CEO Antofagasta (ANTO LN) – Framework for Reko Diq exit Ariana Resources (AAU LN) – Venus Minerals plans for IPO Castillo Copper (CCZ LN) – Preliminary analytical results from historic core at BHA Conroy Gold & Natural Resources (CGNR LN) – JV receives Crown permits Orosur Mining* (OMI LN) – Mobilisation of field team to El Pant

SP Angel Morning View: Ukraine Russia talks depress commodity prices

Adriatic Metals (ADT1) – CFO appointed Anglo Asian Mining* (AAZ LN) - BUY – Exploration update highlights strong Au-Cu intersections at Zafar and a discovery at Gosha Aura Energy* (AURA LN) – A$8.8m committed in fund raising to progress Tiris Conroy Gold & Natural Resources (CGNR LN) – Drilling to recommence at Clontibret in April Mkango Resources* (MKA LN) – Mkango to collaborate with REE recycling consortium Oriole Resources (ORR LN) – Soil sampling identifies multiple gold-in-soil anoma

SP Angel Morning View: Inflation expectations rise as conflict escalates

Adriatic Metals (ADT1) – Comprehensive update shows Vares Project on track for completion Q2 23 Beowulf Mining* (BEM LN) – Annual results show progress on three fronts Diamond Fields Resources Inc (DFR VN) – John McGloin steps down from Caledonia to focus on CEO role at Diamond Fields Resources Castillo Copper (CCZ LN) – Initial resource estimate for the ‘Big One' Conroy Gold & Natural Resources (CGNR LN) – Drilling results from Clontibret Filo Mining Corp (FIL CN) - Filo Mining Corp announ

SP Angel Morning View: Growth rebounds in Europe while inflation pressures persist

Altus Strategies* (ALS LN) - BUY – 111p – CEO bought ~£44k worth of shares in the market Arc Minerals* (ARCM LN) – BUY - Arc now free to agree deal with major mining company following settlement with entities involved with former Zambian director Anglo American (AAL LN) – Production resumes at Grosvenor Conroy Gold & Natural Resources (CGNR LN) – Drilling results from Clontibret Oriole Resources (ORR LN) – Iamgold exercises option at Senala Premier African Minerals (PREM LN) – Zulu lithium

SP Angel Morning View: Rare Earth NdPr prices rise despite Fed signals

Altus Strategies* (ALS LN) – BUY, 111p – Diba NW drilling update returns high grade intercepts Anglo American (AAL LN) – Q4 2021 production report and 2022 guidance Anglo American Platinum (AMS JSE) – 2021 refined PGMs Output rose 89% last year Anglo Asian Mining* (AAZ LN) - BUY – Secured 20% stake in Libero for ~US$5m with exploration at Mocoa to start next month Libero Copper & Gold (LBC CN) Aura Energy* (AURA LN) – Greenhouse gas emission study for Tiris Bluejay Mining* (JAY LN) – E

SP Angel Morning View: China coal futures rise 8% on Indonesia export ban

Caledonia Mining (CMCL LN) – Quarterly dividend Conroy Gold & Natural Resources (CGNR LN) – Demir joint-venture agreement GoldStone Resources* (GRL LN) – gold production & loan update Walkabout Resources (WKT AU) – Walkabout acquires 100% of JDH Exploration

LIBERUM: Sylvania Platinum* - FY22 annual dividend is 33% higher than our estimate

Union Jack Oil# - West Newton update

West Newton update

IOG - H1 2022 Results

H1 2022 Results

Union Jack Oil# - Wressle reserves and resources report

Wressle reserves and resources report

Impressive H1 sees record interim dividend

A typically strong operational performance at Kounrad and materially higher realised zinc prices at Sasa versus the year-ago period helped CAML overcome industry-common cost inflation pressure to post a 16% increase in EBITDA and widen its margin to an impressive 63%. This in turn has given the group confidence to declare a record interim dividend of 10p, which annualised puts CAML on a compelling yield of 9%. Despite increasing metals markets volatility and the potential for further inflationar

Auctus on Friday - 6/09/2022

AUCTUS PUBLICATIONS ________________________________________ Longboat Energy (LBE LN)C; Target price of £1.25 per share: Copernicus is dry - The Copernicus exploration well on licence PL1017 was dry. The well failed to encounter any effective reservoir. This was a high risk well. Drilling was much quicker than anticipated. As a result, the cost of the well was materially under budget, suggesting that the balance sheet of the company could be stronger than our current assumption. We reduce our ta

Jersey Oil and Gas* - H1 2022 results and farm out update

H1 2022 results and farm out update

Central Asia Metals: Interim Results

Central Asia Metals (CAML LN) reported record H1 results on the back of robust production and higher commodity prices. H1 2022 net revenue of US$114m was up 13% YoY, EBITDA of US$75m was up 16% YoY and the EBITDA margin increased 2pp to 63%. An FX gain of US$7m, combined with the reductions in interest payments from debt reduction and higher profits meant net income was up 72% YoY to US$53m. With capex this year weighted to H2, the company’s free cash flow metric was up 7% YoY to US$52m enabling

Cenkos: Chariot Ltd -- Enabling the Energy Transition

Chariot has announced a partnership with Total Eren to jointly develop the Nour Project, a large-scale green hydrogen project to be located in Mauritania. The consortium will benefit from the dedicated expertise of Total Eren's team, holding a wide range of experience and knowledge in solar, wind, hybrid and green hydrogen projects globally. The involvement of Total Eren adds balance sheet strength and credibility to the project, whilst strengthening the existing relationship between Total Eren

Cenkos: Falcon Oil & Gas Ltd -- Origin Divests Beetaloo Interest

Falcon's Beetaloo JV partner, Origin Energy has announced its intention to exit all of its upstream exploration permits as part of a strategic decision to focus on cleaner energy and customer solutions. As part of this strategy, Origin has agreed to divest 100% of its interest in the Beetaloo Basin to a JV of Tamboran Resources and Bryan Sheffield for an upfront consideration of A$60m and a 5.5% royalty on future production from Origin's 77.5% working interest. At US$60m the upfront consideratio

SHORE CAPITAL - Union Jack Oil+ (UJO, 31p, House Stock) – Lifting of UK fraccing moratorium confirmed

Year-exit target rate in sight despite Kiln 3 challenges

H1 was a mixed half for Bushveld, the continuing strong performance of Vametco offset by unexpected challenges associated with the commissioning and subsequent ramp up of Kiln 3 at Vanchem. The latter has prompted the group to reduce full-year group production guidance (with unit cost expectations increased somewhat), though we still expect positive EBITDA for the full-year and H2 capex and debt repayment obligations look adequately covered. The year-exit production rate target of 5,000-5,400t p

WH Ireland: Pantheon resources (PANR) - Completion of Frack at Alkaid, Preparing to Test

Pantheon Resources announced that it has completed 30 frack stimulations in a 5,000 foot lateral section of the Alkaid #2 well. The company stated it now intends to mobilise a work-over rig and install testing equipment to production test the well. The company stated that, if successful, a production test will occur later in October.

Condor Gold: Feasibility Study provides solid base despite cost pressure; further upsides still to be factored in

Condor Gold (“CNR”) has announced completion of the La India Open Pit Feasibility Study (“FS”), an important milestone as CNR advances the project towards development. The headline results show a post-tax IRR of 23% and NPV of US$87m using a gold price of US$1,600/oz and 5% WACC. Initial capital expenditure is estimated at US$105m and all-in sustaining costs of US$1,039/oz for annual average output of 82kozpa gold for the first 6 years of an 8.4 year mine life. The FS provides a solid base again

WH Ireland: i3 Energy (I3E) - Serenity Operational Update

I3 Energy announced that it has commenced operations for the drilling of the Serenity appraisal well in the North Sea and that actual drilling operations are expected to occur later this week with the programme expected to last 30 days.