Beowulf Mining* (BEM LN) – Fennoscandian awarded €791k from Business Finland Botswana Diamonds (BOD LN) – Drilling at Thorny River likely to resume in August Condor Gold* (CNR LN) – Infill drilling underway at Mestiza Greatland Gold (GGP LN) – Drilling continues to expand Havieron Kavango Resources (KAV LN) – Drilling to commence at KSZ Mkango Resources* (MKA LN) – Mkango amplifies its plans for a rare earths separation plant in Poland Thungela Resources (TGA LN) – Chinese prioritisation o
Companies: MKA TGA BEM BOD CNR GGP KAV
AEX Gold (AEXG LN) – Exploration team arrive at site Adriatic Metals* (ADT1) – Exploration permit granted & geophysics results Cora Gold (CORA LN) – Sanankoro drilling update Europa Metals Limited (EUZ LN) – Drilling results from Europa's Toral zinc, lead, silver project in Spain KEFI Gold and Copper* (KEFI LN) – FY20 results Mkango Resources* (MKA LN) – Mkango plans for a rare earths separation plant in Poland Thungela Resources Ltd (TGA LN) – Anglo American completes demerger of Thungel
Companies: MKA TGA ADT CORA KEFI EUZ
Formalisation of plans to develop downstream processing in Europe is a major milestone for Mkango as it advances its vertically-integrated ‘mine-refine-recycle’ strategy. Development of the proposed REE separation facility in Poland will enable Mkango to add value to the purified mixed REE-enriched carbonate that it plans to produce from its Songwe Hill mining project in Malawi, increasing margins and enhancing marketing flexibility through the production of separated oxides attractive to a broa
Companies: Mkango Resources Ltd.
SP Angel . Morning View . Tuesday 25 05 21 Fed dovish comments lend support to risk sentiment MiFID II exempt information – see disclaimer below Altus Strategies (ALS LN) – 17,500m drilling programme starts at Diba eyeing MRE expansion Atalaya Mining (ATYM LN) – Proyecto Riotinto East and Masa Valverde exploration Beowulf Mining* (BEM LN) – MRE upgrade results in 12.5% resource increase at Kallak Bluejay Mining* (JAY LN) – Drilling starts at Enonkoski in jv with Rio Tinto Chaarat G
Companies: MKA ALS BEM JAY CGH PXC RRR SHG ATYM IRR
AfriTin* (ATM LN) – DFS on Phase 1 expansion of the Uis tin mine Arc Minerals* (ARCM LN) –– Arc refutes Zambian newspaper article revoking mining consents granted by local chief Aura Energy* - (AURA LN) – Results and project updates Gem Diamonds (GEMD LN) – Recovery of 254 carat white diamond from Letšeng Keras Resources* (KRS LN) – Fertilizer price rise lifts related stocks Kodal Minerals* (KOD LN) – Bougouni lithium project feasibility ratified subject to minor corrections Mkango Resource
Companies: MKA AEE OMI ATM ARCM GEMD KRS KOD
Anglo Asian Mining* (AAZ LN) - BUY – Anglo Asian extends the Gedabek contract area PSA for another five years Mkango Resources* (MKA LN) – Mkango appoints US advisory firm to help connect with US government strategy BHP (BHP LN) – Record year-to-date iron ore production from W Australia Hummingbird Resources (HUM LN) – Q1 production results Savannah Resources* (SAV LN) – Proposed placing to raise up to £10.3m Shanta Gold (SHG LN) – Quarterly production results Vast Resources (VAST LN) – Pr
Companies: MKA AAZ BHP HUM SAV SHG TGR VAST
Semper Fortis Esports* recently announced its intention to IPO onto the Access Segment of the Aquis Stock Exchange Growth Market. Semper is a multi-operational Esports organisation focusing on gaming technology solutions, brand enhancement and high growth team infrastructures. The company plans to raise £2.5m to develop their three core areas of establishing an esports team, forming partnerships with brands for sponsorship and B2B consultancy services. The Board are highly experienced in spor
Companies: BOKU RBGP MUL WATR GFIN MKA TIDE MNO INX TUNE
BlueRock Diamonds (BRD LN) – Q1 Production update highlights work towards higher throughput Cornish Metals* (CUSN LN) – Cuprite at United Downs IronRidge Resources* (IRR LN) – Additional high-grade intersections at Ewoyaa lithium project Kavango Resources (KAV LN) – Electro-magnetic anomaly identified at KSZ project Mkango Resources* (MKA LN) – Flotation pilot plant test-work completed Petra Diamonds (PDL LN) –Q3 production and improving diamond market Rio Tinto (RIO LN) – Q1 production pe
Companies: CUSN MKA BRD KAV PDL RIO SHG IRR
tinyBuild— a leading video games publisher and developer with global operations. tinyBuild's strategic focus is in creating longlasting IP by partnering with video games developers, establishing a stable platform on which to build multi-game and multimedia franchises is to join AIM. Offer details TBC. Due mid-March. AMTE Power, a developer and manufacturer of lithium-ion battery cells for specialist markets, announced its intention to seek admission to trading on AIM. Admission is expected to ta
Companies: ADME NFC CHAR WHR MKA IXI MOS D4T4 ALS TERN
Alba Mineral Resources (ALBA LN) – Results from Clogau St David's mine Altus Strategies* (ALS LN) – Drilling at Tabakorole returns good close to surface gold intersections Castillo Copper (CCZ LN) – Strategy to recommence mining at the Big One deposit Mkango Resources* (MKA LN) – Flotation pilot plant test-work completed Serabi Gold* (SRB LN) – US$17.5m fund-raising Shanta Gold (SHG LN) – Strong FY20 results highlight significant deleveraging with the Board announcing final dividend
Companies: MKA ALBA ALS SRB SHG CCZ
Alba Mineral Resources (ALBA LN) – Welsh exploration programme Bluejay Mining* (JAY LN) - BUY - Valuation 40p – Bluejay training students and personnel in Greenland for Dundas project IronRidge Resources* (IRR LN) – Progress at Ewoyaa Lithium Project Keras Resources* (KRS LN) – Chairman reports no outstanding requirements on grant of exploitation permit at Nayéga manganese mine in Togo Mkango Resources* (MKA LN) – Pilot plant test-work underway Power Metal Resources* (POW LN) – Option exerc
Companies: MKA ALBA JAY KRS POW TGR IRR SSW
The start of pilot processing is a major milestone for Mkango. Developing a viable process flowsheet is arguably the key hurdle to overcome for prospective new REE market entrants, and we are therefore greatly enthused by the reported progress on optimising flotation recovery, concentrate grades and hydrometallurgical treatment steps beyond the already robust metrics envisaged in Songwe’s 2015 prefeasibility study. We thus believe Songwe is well placed to transition to the development phase on c
AMTE Power, a developer and manufacturer of lithium-ion battery cells for specialist markets, announced its intention to seek admission to trading on AIM. Admission is expected to take place during March 2021. The Company intends to raise approximately £7m by way of a placing of new ordinary shares in the capital of the Company. Timing TBC. Samarkand Group Limited, the cross-border eCommerce technology and retail group opening up the world's largest market for brands and retailers, intends to IP
Companies: IRR MKA GHH LEK POW KRM DRUM ODX FA/ ALBA
Altus Strategies* (ALS LN) – BUY, 132p – Altus hits giant intersection of gold mineralisation Arkle Resources* (ARK LN) – Trenching at the Inishowen project identifies gold-bearing veins Mkango Resources* (MKA LN) – Approval for the exercise of warrants on amended terms Ormonde Mining* (ORM LN) – Further deferral of AGM Rainbow Rare Earths* (RBW LN) – Rainbow completes acquisition of Phalaborwa tailings and REE pilot plant Power Metal Resources* (POW LN) / Kavango Resources (KAV LN) – $15
Companies: MKA ORM POW ALS ARK KAV RBW TSG VRS
Bluejay Mining* (JAY LN) - BUY, Valuation 29.4p – Board reorganisation sees Dr. Bo Møller Stensgaard takeover as CEO with McIllree taking over as Chairman Lucara Diamonds (LUC CN) – Karowe licence renewal Mkango Resources* (MKA LN) – Talaxis moves to 11.3% following exercise of warrants on amended terms Shanta Gold (SHG LN) – Appointment of exploration manager
Companies: LUC MKA JAY SHG
Research Tree provides access to ongoing research coverage, media content and regulatory news on Mkango Resources Ltd.. We currently have 95 research reports from 4 professional analysts.
EQTEC have just announced that financial close has been reached on the planned recommissioning of the 1MW EQTEC Italia MDC plant. EQTEC technology is being used to recommission the plant which will use straw and forestry wood waste to create energy.
Companies: EQTEC PLC
i3 Energy announced that it is increasing its next-twelve-month net operating income guidance to $US44M (pro forma acquisitions and associated recompletions/drilling). Net of our estimated G&A expenditure of $US8.0M (£5.7M) that equates to an adjusted cash flow from operations estimate of $US36.0M (adjusted to nullify the effects of debt). That compares to our prior estimated adjusted cash flow from operations estimate of $US29.6M. The increase reflects operational activity, namely, the drilling
Companies: i3 Energy Plc
With drilling due to commence soon and recent reports of a US$450-500/t MOP price we feel it is worth having a more in depth look at South Harz Potash. The Company owns three perpetual mining licenses and two exploration licences covering 659km2 and results from over 300 exploration holes drilled by the former East German state potash mining company in the South Harz potash basin in central Germany. South Harz's European-based management is now focussed on developing Western Europe's largest pot
Companies: South Harz Potash Ltd
As midsummer’s day looms (where has this year gone?), there is greater optimism, in general, than may have been anticipated a few months ago. A post-pandemic, ‘vaccine-driven’ recovery demonstrated by increased consumer spending as lockdown measures are lifted has been one of the catalysts. The FTSE 100 has been range-bound in the last month 6,900-7,100. We have seen a combination of broadly positive company results across a range of sectors, further examples of M&A activity and a sequence of ne
Companies: AMYT ARBB ARW BAG BEG BONH BWNG CWK DNK EML EPWN FBD FA/ GPH GSF GNC HUW IGC INSE KAPE KP2 MMAG NRR NESF OTMP ROL RUA SEN SUR TON TOU TXP TGL VLS WINK
Trifast reported FY21 results slightly ahead of consensus with industrial activity recovering above pre-COVID levels. The group seems well set on a strong medium term growth trajectory, backed by its Multinational OEM strategy and with potential for consensus earnings upgrades through the current year. Reiterate buy.
Companies: Trifast plc
Bluejay Mining* (JAY LN) – Chinese ilmenite prices continue to rise Bushveld Minerals* (BMN LN) – Vanadium prices continue to rise in China to ~$37.7/kgV Keliber – Environmental challenges rejected by Finnish Court Zinnwald Lithium (ZNWD LN) – Acquisition of additional exploration licences in Saxony
Companies: JAY BMN ZNWD
KEFI Gold and Copper* (KEFI LN) – Progress report on Tulu Kapi and Saudi Arabian project Panther Metals (PALM LN) – Exploration target for laterite nickel cobalt mineralisation at Coglia Sunstone Metals (STM AU) – Reports over 500m of copper gold mineralisation in recent drilling at Brama
Companies: KEFI PALM STM
Falcon Oil & Gas has announced the commencement of the Company's 2021 work programme, starting with the resumption of clean-up operations at the Kyalla 117 well. The planned 2021 work programme will include multiple workstreams across three different plays in the Beetaloo, providing a near constant stream of news flow for investors. In addition to Falcon's comprehensive 2021 work programme, activity is expected to increase significantly across the rest of the Beetaloo, with the drilling of up to
Companies: Falcon Oil & Gas Ltd.
Full-year results were in line with expectations. Cost controls contained the reduction in profits, with adjusted EBIT margin down 150bps to 6.4%, while a focus on cash resulted in cash conversion of 148%. With net cash of £13.3m, the group is in a strong position to step up its acquisition strategy in a fragmented market. Some short-term cost and supply chain issues have previously been flagged, which affect short-term margins, but should be recouped. No change to forecasts or our 187p price ta
Lancaster production approval
Companies: Hurricane Energy Plc
AUCTUS PUBLICATIONS ________________________________________ Challenger Energy (CEG LN)C; Target of 12p per share: Drilling update in Trinidad - The Saffron well penetrated various Middle Cruse zones including hydrocarbons zones as prognosed pre-drill, and with drilling rates and impact on surrounding clays and mobile shales improved significantly from Saffron-1 owing to the use of synthetic-based muds and a solid foundation for drilling design in any future field development. Initial petrophysi
Companies: VOG LUPE TLW WEN SOU AKRBP AKERBP REP REP I3E HUR EQNR EQNR ENI ENI
The digital brand protection and online threat hunting solutions specialist has announced its full year results the year ended 31 December 2020 (FY20A), confirming annualised recurring revenue (ARR) growth of 71% to $3.3m at year end and continued strong growth in the first half of 2021, with the May ARR figure standing at $3.8m, a 93% increase relative to May 2020. ARR is the key metric for assessing SaaS (Software as a Service) companies, and BrandShield’s swift progress to date confirms it is
Companies: BrandShield Systems plc
The Calabar power station, which accounts for the majority of Savannah’s Nigerian gas sales, has entered a new power supply agreement with the Republic of Togo, with more in discussion, raising the prospect of meaningful increases in Savannah’s gas supplies to the plant. These additional volumes will come at negligible additional cost, leveraging the bottom-line impact. The recently signed Mulak Energy gas sales agreement demonstrates this, boosting our 2022 earnings by 8% and our risked-NAV and
Companies: Savannah Energy Plc
• Gas demand in Tanzania continues to be very high with YTD production averaging 80.3 mmcf/d, well above last year (58.1 mmcf/d). While gas demand is normally low during 2Q (because of hydro), we estimate 2Q21 production at ~75 mmcf/d. • As a result, Wentworth is increasing its production guidance for 2021 from 65-75 mmcf/d to 75-80 mmcf/d. • At the end of May, Wentworth held US$21.5 mm in cash and no debt. This is close to our expectations of US$21.4 mm at the end of June. This also implies th
Companies: Wentworth Resources PLC
Operational updates
