SP Angel Morning View:Gold shines as rate hike expectations pull back

SP Angel Morning View:China's 2023 growth targets disappoint base metal traders

SP Angel Morning View: Concern for rare earth miners as Tesla looks to ditch NdPr for new motor technology

SP Angel Morning View:Stellantis takes $155m stake in copper mine as automakers move upstream for EV supply chain

SP Angel Morning View: Copper prices rise as China emerges faster than anticipated from Covid

SP Angel Morning View: Risk sentiment pulls back on Chinese leadership reshuffle and weak economic data

SP Angel Morning View: Copper price rallies as supply fundamentals return to fore

BlueRock Diamonds* (BRD LN) – Tim Leslie steps down as negotiations over loan note repayment continue Kavango Resources (KAV LN) – Petrological results at Ditau Zijin Mining (2899HK ) – 30% stake acquired in China's largest gold mine for $554m

SP Angel Morning View: IMF cuts growth outlook citing ongoing issues - high rates, strong inflation and Covid

BlueRock Diamonds* (BRD LN) – Sale of 10.22ct stone for US$122,888 Caledonia Mining (CMCL LN) – Another quarterly production record at the Blanket mine, Zimbabwe Castillo Copper (CCZ LN) – Progress of the drilling campaign at the East Zone of the BHA project Condor Gold* (CNR LN) – Largest shareholder appointed Chairman East Star Resources (EST LN) – Drilling to commence immediately at the Talairyk Heavy REE Project Kavango Resources (KAV LN) – CSAMT survey flown on KCB Petra Diamonds (PDL

SP Angel Morning View: Rising yields and US$ weigh on risk sentiment

AfriTin Mining (ATM LN) – Additional Infill drilling results from the Uis mine Core Lithium (CXO AU) – Finniss Lithium Mine opens in NT, Australia GreenRoc Mining (GROC LN) – Amitsoq field campaign identifies new graphite occurrences Kavango Resources (KAV LN) – Drilling commences on KCB Kore Potash* (KP2 LN) – BUY, Target 5.0p – EPC proposal received Tungsten West (TUN LN) – Progress of the Hemerdon reopening plan

Hot Off The Wires - The Day Ahead

Today's news and views, plus announcements from: HLMA, HAS, SONG, ESNT, RICA, KAV, SERE, & INCE.

SP Angel Morning View: Base metals on potential LME ban on Russian supplies and government support for property sector in China

Atlantic Lithium* (ALL LN) – Annuals highlight clear path to production following PFS Eurasia Mining* (EUA LN) – Interims highlight increased production at West Kytlim with M&A discussions over a potential transaction ongoing Goldstone Resources* (GRL LN) – Interim results Great Western Mining (GWMO LN) - Interims highlight progress with Nevada drilling programme alongside waste processing JV agreement Kavango Resources (KAV LN) – Phase-1 drill programme commenced at KCB Power Metal Resourc

Hot Off The Wires - The Day Ahead

Today's news and views, plus announcements from: SPX, ORIT, BGO, BLTG, BOO, EMAN, & KAV.

SP Angel Morning View: Rising US yields drive US$ index higher weighing on commodities prices

AfriTin Mining (ATM LN) – Placing to progress Namibian project Kavango Resources (KAV LN) – interest in KCB JV taken to 90% Power Metal Resources* (POW LN) – Geophysics completed ahead of drilling at Target 1-6

SP Angel Morning View: Metals prices hold up despite sharp correction in oil

AfriTin Mining (ATM LN) – Phase 1 construction completed at the Uis mine Anglo American (AAL LN) – De Beers reports continuing strength in rough diamond demand ahead of the Diwali holiday season Castillo Copper (CCZ LN) – Appointment of drilling contractors for campaign at the East Zone of the BHA project East Star Resources (EST LN) – Early-stage exploration results from Rudny Altai, Kazakhstan Galantas Gold* (GAL LN) – C$6.9m raised for exploration and development at Joshua Vein Kavango

SP Angel Morning View: Metals prices rise in thin trading as drought hits energy supplies for smelters

Aston Bay Holdings (BAY CN) $0.05, Mkt cap C$8.9m – Additional near-surface copper mineralisation encountered at Storm Project • Aston Bay reports initial positive visual results from three more diamond drill holes at the Storm Project. • Drilling at the high-grade 2750N Zone continues to expand near surface mineralisation, including highlights: o ST22-07 has intersected 43.5m of mineralization including 15.5m of breccia and massive copper sulfides over multiple intervals o ST22-08 has inter

LIBERUM: Sylvania Platinum* - 3p interim dividend & new policy

Updated Alkaid #2 test results

SHORE CAPITAL - Savannah Energy+ (SAVE, Under Review, Suspended) - Chad upstream asset update

Loony for Bougouni

Jubilee Metals - H1 FY2023 results

Jubilee today provides its unaudited financial results for the half-year period ending December 2022. Group Revenue of £63.1m (H1 FY2022: £63m) with £58m from its chrome/PGM operations in South Africa and £5m from copper in Zambia. Headline EBITDA of £10.3m (£13.7m) with a closing cash position of £11.7m (£21.5m) after continuing its capital investment program of £24.1m (£28.4m). Production of PGM was down in the period at 18.2koz (20.3koz), but all was from its own facility at Inyoni so cap

Union Jack Oil (UJO LN) - Wressle update

Ongoing strong production from Wressle. Union Jack has released an update on revenues from its Wressle field (Union Jack 40%). Wressle has now achieved over US$14m of cumulative net revenues from the field since mid-August 2021, from US$13m as of early February 2023. The field continues to produce under natural flow and with zero water cut (most recently reported at a gross rate of 825-850bbl/d). These Wressle revenues continue to help underpin company financial performance, while also providing

Hybridan Small Cap Feast - 06 Mar 23

6 March 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 objective

Union Jack Oil (UJO LN) - Interim dividend declaration

New interim dividend of 0.3p. Union Jack has announced an interim dividend of 0.3p/share. This follows the 0.8p/share paid in 2022, and is enabled by the ongoing cash flows being generated from the company's Wressle development. Union Jack's share buyback programme also continues, with 2,825k shares repurchased so far (out of a potential up to 11.3m).

FY22 - Focus on the next 6 months' operations

Savannah Energy - Chad upstream business nationalised

The Republic of Chad has nationalised the upstream assets Savannah recently acquired from ExxonMobil. While disappointing, Savannah remains highly free cash flow generative, an attribute the approaching completion of Petronas’s South Sudan oil business is set to boost further.

i3 Energy Update to Fair Value Estimate

We are updating our fair value estimate to reflect more conservative oil and gas price assumptions. We have lowered our 2023 WTI oil price estimate to $74.05/b from $83.10/b, to align our estimates with market dynamics. We have lowered our US benchmark (Henry Hub) natural gas price for 2023 to $3.02/mmbtu from $3.36/mmbtu, which reflects the most recent price forecast made by US EIA Short Term Energy Outlook. As a result, we are lowering our fair value estimate for i3 Energy to 26.2p from 31.6p

SHORE CAPITAL - TOUCHSTONE EXPLORATION+ (TXP, 61p, House Stock) - FY22A results exceed our forecasts; Cascadura remains on track versus prior guidance

Morning Note – 27 March 2023

PetroTal Corp (AIM: PTAL): Production back at 20 mbbl/d. Regular payments from Petroperu

• Production was constrained in January and February, with average production of ~7,600 bbl/d and 8,000 bbl/d respectively, due to restricted barging capacity over these two months. • The barging fleet schedules have now been re-established with an increased capacity of 1.5 mmbbl (1.2 mmbbl in 2022) and PetroTal’s production has been averaging 20 mbbl/d since the last week of February. • Given the constrained production rates over January and February, the company now expects 1Q23 production t

Kenmare Resources: FY22 another year of financial records culminating in a USc54.3/sh dividend

Kenmare (“KMR”) released record FY22 financial results this morning, with realised prices exceeding expectations and delivering EBITDA of US$298m, 6% above H&Pe and up 39% YoY. This generated the largest full year dividend to date at 54.3 cps, implying a trailing yield of 10.2%. As reported on 2nd March, an early set back caused by an unprecedent lightning strike has dented output in Q1’23, although KMR still believes the bottom end of its FY23 range is achievable. With the Company seeing some s