Alba Mineral Resources (ALBA LN) – Expansion of mineral licences in North Wales Aura Energy* (AURA LN) – Exploration activities at the Tiris Uranium and Tasiast South Projects BlueRock Diamonds (BRD LN) – Interims highlight progress towards 1mtpa throughput target Caerus Mineral Resources (CMRS LN) – Copper and gold confirmed in the Kalavasos dumps Eurasia Mining (EUA LN) – $15m equity raise to progress Rosgeo JV Rainbow Rare Earths* (RBW LN) BUY, Valuation range 39-60p – K-Tech processing
Companies: AEE BRD CMRS EUA RBW SRB URU
Altus Strategies* (ALS LN) – BUY, Target 118p – Diba gold project Community Development Programme implementation progress Castillo Copper (CCZ LN) – Plan to spin-off Broken Hill assets in ASX IPO Centamin (CEY LN) – H1 delivers almost US$60 after-tax profit Glencore (GLEN) – Glencore looks forward to positive future on post-Covid stimulus and growing decarbonisation initiatives Jubilee Metals Group (JLP LN) – Jubilee Reports 178% earnings increase for FY 2021 Katoro Gold (KAT LN) – Some pot
Companies: RSG ALS CEY GLEN JLP KAT RBW VRS MAERSKB CCZ
Anglo American (AAL LN) – Record H1 performance as stimulus measures spur recovery BeMetals (BMET CN) – Technical report for Kato Gold project identifies multiple drill targets Caerus Mineral Resources (CMRS LN) – Disposal of Black Pine licences Keras Resources* (KRS LN) – Mining season commences at Diamond Creek Kodal Minerals* (KOD LN) – Nielle project shows intersections of wide gold mineralisation in drill results Oriole Resources (ORR LN) – Exploration progress at Senala, Senegal Rain
Companies: BMET AAL CMRS KRS KOD ORR RBW TLG
Adriatic Metals* (ADT1) – Q2 report highlights progress of Vares DFS Kodal Minerals* (KOD LN) – Industry move towards direct lithium hydroxide production from hard-rock spodumene driven by cost of extracting impurities Kore Potash (K2 LN) – New CFO Power Metal Resources* (POW LN) – Earn-in to acquire two Canadian lithium exploration properties Rainbow Rare Earths* (RBW LN) – Nd/Pr prices jump while Rainbow reports work continues unabated on Phalaborwa project in South Africa Rio Tinto (RIO
Companies: ADT KOD KP2 POW RIO RBW
Altus Strategies* (ALS LN) - BUY - 118p – New ground secured at the Tabakorole Gold Project Caledonia Mining* (CMCL LN) – Q2 record production at the Blanket mine and announcement of a further dividend increase Conroy Gold & Natural Resources (CGNR LN) – Completion of due-diligence drilling at Clontibret Cornish Metals*+ (CUSN) – United Downs drilling results identify new mineralised structures Orosur Mining* (OMI LN) – Spectacular drill results including 59.55m @ 9.61g/t Au at Anzá project
Companies: CUSN OMI CMCL ALS CGNR RBW TGR
Amur Minerals* (AMC LN) – New JORC report ups scale and resource confidence at Kun Manie & FY20 results Ariana Resources (AAU LN) – Drilling results from Kepez Bluejay Mining* (JAY LN) – Force majeure declared at Rio Tinto's Richards Bay mineral sands operation will tighten market further BlueRock Diamonds (BRD LN) – Results reaffirm targets for 2021 and beyond Bushveld Minerals* (BMN LN) – Vanadium prices rise as Bushveld reports tough Covid-19 year Glencore (GLEN LN) – CEO Ivan Glasberg
Companies: AMC AAU BRD JAY BMN GLEN RMM RIO RBW
AEX Gold (AEXG LN) – COO departs Arc Minerals* (ARCM LN) – Delay to accounts due to additional time to complete audit due to Covid-19 restrictions Arkle Resources* (ARK LN) – Drilling at the Mine River project encounters gold in the first three holes Hummingbird Resources (HUM LN) – Dugbe Gold Project PEA results Pasofino Gold (VEIN CN) Lucara Diamonds (LUC CN) – C$38m funding for the Karowe mine Serabi Gold* (SRB LN) – Chief Executive's operational review for AGM Strategic Minerals* (SM
Companies: AEX LUC VEIN ARCM ARK HUM POG RBW SRB SML TGR
Arkle Resources* (ARK LN) – Drilling at the Mine River project encounters gold in the first three holes Bluejay Mining* (JAY LN) – Greenland government approved Exploitation and Closure Plan for the Dundas ilmenite project Horizonte Minerals (HZM LN) – Progress report on financing the Araguaia ferronickel project Kodal Minerals* (KOD LN) – Kodal progress lithium mining license application in Mali alongside gold assays in the Ivory Coast Metal Tiger (MTR LN) – Significant geophysics anomalies
Companies: ARK JAY HZM KOD RBW MTR
Bluejay Mining* (JAY LN) – Results highlight progress at Dundas project Cora Gold (CORA LN) – Selin drilling results Rainbow Rare Earths* (RBW LN) – Phalaborwa metallurgical testowrk indicate ~70% recoveries in leaching SolGold* (SOLG LN) – Positive drilling results from Tandayama America
Companies: JAY CORA RBW SOLG
Beowulf Mining* (BEM LN) – FY 2020 results highlight progress in Kosovo and Sweden Bluejay Mining* (JAY LN) – BUY - Valuation 37.7p - Ilmenite prices continue to rise in China as consumers struggle to source material Cora Gold (CORA LN) – Annual results Cornish Metals* (CUSN LN) – CLICK FOR PDF – Annual results and progress report on United Downs drilling programme Empire Metals* (EEE LN) – Appointment of new Managing Director GoldStone Resources* (GRL LN) – BUY – 24.4p, CLICK FOR PDF - Gha
Companies: CUSN BEM JAY CORA EEE WRES GRL KEFI KOD RBW
Adriatic Metals* (ADT1) – Quarterly report highlights Veovaca and Rupice permits for the Vares Project Altus Strategies* (ALS LN) – 2020 described as a transformational year Cornish Metals* (CUSN LN) – Tin prices rise to $ 27,310/t on strong demand and furnace maintenance at MSC in Malaysia Metal Tiger (MTR LN) – Progress in the Kalahari Copper Belt, Botswana Phoenix Copper* (PXC LN) – A new Empire mine coming into focus Rainbow Rare Earths* (RBW LN) – Final Phalaborwa assay results SolG
Companies: CUSN ADT ALS PXC RBW SOLG MTR
Anglo Asian Mining* (AAZ LN) - STRONG BUY – Quarterly production update and CY21 guidance Botswana Diamonds (BOD LN) – Moving to a further stage of drilling at Thorny River Capital Limited (CAPD LN) – Q1 2021 delivers strongest ever quarterly revenue GoldStone Resources* (GRL LN) – Update paves way for production ramp-up at Homase Kenmare Resources (KMR LN) - Q1 production rises on higher grade and production despite Covid-19 isolation for management and staff Rainbow Rare Earths* (RBW LN)
Companies: CAPD AAZ BOD GRL KMR RBW SRB
Arc Minerals* (ARCM LN) – Arc raises £1.8m and agrees to acquire licenses in Botswana for the issue of £1.2m worth of new shares Cornish Metals* (CUSN LN) – Drilling at United Downs imminent Lucara Diamonds (LUC CN) – Project finance for Karowe mine underground development Oriole Resources (ORR LN) – Reduced losses in 2020 Rainbow Rare Earths* (RBW LN) – Rainbow results show turnaround as costs fall while sales climb Resolute Mining (RSG LN) – Mining lease terminated at Bibiani Taseko Mine
Companies: CUSN LUC RSG TKO ARCM ORR RBW
Altus Strategies* (ALS LN) – New copper/silver projects double land holding in Morocco Ariana Resources (AAU LN) – Production guidance for Kiziltepe Bluejay Mining*+ (JAY LN) – Appointment of Johannus Egholm Hansen as a Non-Executive Director to the Board. Condor Gold* (CNR LN) – Acquisition of SAG mill for La India Ferro Alloy Resources (FAR LN) – Impact on sales and earnings expected due to production interruptions Power Metal Resources* (POW LN) – Intention to seek IPO for Silver Peak pr
Companies: FAR ALS AAU JAY CNR POW RBW
Research Tree provides access to ongoing research coverage, media content and regulatory news on Rainbow Rare Earths Ltd.. We currently have 67 research reports from 4 professional analysts.
Higher metal prices saw CAML achieve a 52% and 131% increase in EBITDA and FCF respectively in the first half of 2021, facilitating an attractive 8p interim dividend declaration (up 2p on H1 2020). The H1 results are tracking our full-year estimates, which if achieved would put CAML on an undemanding EV/EBITDA multiple of just 4x and see the shares yield over 8% at current market price. Given average copper, zinc and lead prices across H2 to date are around 10% higher than our pricing assumption
Companies: Central Asia Metals Plc
Today's raise is a testament to support for Jubilee's copper strategy in Zambia and once again showcases Jubilee's keen eye for value enhancing deals. The increase in ownership in the Tailings projects to produce the raw material for the Sable and Leopard refineries will allow Jubilee to benefit more from the profits generated and also to make choices on development speed and product output to closely match the requirements of the Integrated refineries. Today consolidates Jubilee's position in
Companies: Jubilee Metals Group PLC
EQTEC have confirmed that they have completed acquisition of a 1.2MW gasification plant. The plant is expected to be operational by Q4 2022.
Companies: EQTEC PLC
Central Asia Metals (CAML LN) reported strong interim results as copper, lead and zinc prices extended their gains up 21%, 11% and 12% YTD. H1 2021 revenue of US$101m was up 42% YoY, EBITDA of US$64m was up 52% YoY and the EBITDA margin increased 5pp to 61%. With no significant other charges, net income was up 69% YoY to US$42m. Having marked to market our commodity price assumptions, our estimates are broadly unchanged meaning CAML remains well on track for a record year of earnings underpinned
EQTEC and KIBO Plc have confirmed a strategic partnership in the 25MW Billingham Plant. Kibo are investing £3m to acquire 54.54% of the Project SPV, with the remaining 45.46% owned by EQTEC.
Production and cash holding update
Companies: Hurricane Energy Plc
Companies: Shanta Gold Limited
Wressle update
Companies: Union Jack Oil Plc
• The latest horizontal well (BN-8H) has achieved a ten day initial oil production rate of ~7.6 mbbl/d. This is materially above our expectations of ~5 mbbl/d. • As a result, current oil production is ~ 15.4 mbbl/d, also above our expectations of >13 mbbl/d. This is a very good result and with another development well due to be spudded shortly, the company is well on track to meet its production target of ~16 mbbl/d in 4Q21. • The results of the BN-8H well could also have positive implications f
Companies: PetroTal Corp.
The Wressle oil field, in which Union Jack (UJO) holds a 40% working interest has achieved flow rates of 964 boepd from the primary Ashover Grit reservoir. This has been attained on a restricted choke setting and no formation water has been produced as the well continues to clean up. This is very positive news for UJO given that the reported flow rate exceeds initially forecasted rates by a substantial margin and further operations to increase gas handling capacity could increase hydrocarbon
Oil declined amid Russia's plans to boost upcoming overseas oil sales and as the dollar rallied. Futures in New York ended the session nearly 1% lower on Friday. Russia will increase its oil exports 3% in the fourth quarter, according to Interfax. Meanwhile, gains in the US dollar reduced investor interest in commodities priced in the currency. Despite weaker prices on Friday, US benchmark crude futures gained more than 3% this week due to tightening supplies. In the US, crude inventories
Companies: FO 88E DEC EME GTC TRIN UOG WEN
Bluejay Mining* (JAY LN) – BUY, Valuation 37.7p – Analyst call Central Asia Metals (CAML LN) – H1 performance and strong commodity prices deliver increased interim dividend and early repayment of debt Eurasia Mining* (EUA LN) – Monchetundra detailed mining plan Jubilee Metals Group (JLP LN) – Conditional placing to progress Zambian expansion Empire Metals* (EEE LN) – Strategic technical review commenced at Eclipse project Renascor Resources (RNU AU) – Major project status awarded by Austr
Companies: JAY CAML EEE EUA WRES JLP RNU
Despite the significant ongoing challenges posed to the business as a result of the COVID-19 pandemic and the sudden passing of founder and Executive Chairman, Bruce Dingwall, Trinity has released a strong set of interim results, with the Company's resilient production and strong balance sheet providing a solid foundation from which it can meaningfully scale the business. Higher oil price realisations during H1/21 more than offset an 8% natural decline in production, leading to a 69% increase in
Companies: Trinity Exploration & Production Plc
• Pharos is farming out 55% WI in El Fayum and North Beni Suef to IPR Energy. In return IPR will fund US$38.425 mm of Pharos’ retained share of the costs of future activities, equating to funding a ~US$85 mm gross programme (opex + capex). In addition, IPR will pay US$5 mm in cash on closing and a contingent consideration of US$0.175 mm for each US$1 over US$62/bbl (with a cap of US$92/bbl) each year from 2022 to 2025. This represents a potential additional consideration of U$20 mm (US$5 mm x 4
Companies: Pharos Energy PLC
We are publishing new forecasts and refreshing our view based on the company's recent results including their latest five year plan. Shanta's promising project pipeline means that >100Kozpa gold production is within sight (+62% vs 2021) by 2023 along with >200Kozpa production levels from 2025. AISC falls accordingly from $1371/oz to $568/oz. Assuming a flat $1800/oz gold price over the next two years we are forecasting a 2.5x uplift in EBITDA and near fourfold increase in net earnings. Net cash
