SP Angel Morning View: Weak Chinese data reflects Covid and contracting property market headwinds with outlook remaining bleak

Castillo Copper (CCZ LN) – Rare earth elements potential of the BHA project Centamin (CEY LN) – Potential expansion of underground mining capacity at Sukari could support 500,000oz pa production Leo Lithium (LLL AU) – Port Services agreed for export of spodumene Rambler Metals and Mining* (RMM LN) suspended – Copper forward sale Resolute Mining (RSG LN) – Underwritten placing size increased from A$140m to A$164m SolGold* (SOLG LN) – Quarterly report describes continuing feasibility work a

SP Angel Morning View: Copper prices rise to two-month high as Russia withdraws from Kherson

Altona Rare Earths (ANR LN) – £150k short-term loan facility agreed Largo Resources (LGO CN) – Largo reports loss of $2.6m in Q3 as Q3 sales prices fall to $8.80/lb Phoenix Copper* (PXC LN) – First results from metallurgical drilling programme at the Empire mine, Idaho Rambler Metals and Mining* (RMM LN) – Cost containment initiatives at the Ming mine as negotiations on the financial restructuring continue Resolute Mining (RSG LN) – A$140m underwritten placing to strengthen balance sheet S

SP Angel Morning View: Copper prices edge higher on China reopening rumours and resumption of Dollar weakness

Capital Limited (CAPD LN) – New CFO announced Cornish Metals* (CUSN LN) – Additional mineral rights at South Crofty Ferrexpo (FXPO LN) – Operations update following Russian missile strikes on Ukrainian infrastructure Rambler Metals and Mining* (RMM LN) suspended – Mining operations carry on as normal as negotiations with NewGen to resolve the financial restructuring continue

SP Angel Morning View: Copper rallies alongside Dollar-denominated commodities as Greenback weakens

Anglo American (AAL LN) – Production guidance maintained following Q3 2022 production report Atlantic Lithium* (ALL LN) – Quarterly update underpinned by delivery of PFS Glencore (GLEN LN) – Glencore staff may face bribery charges Fortescue (FMG AU) – Record Q1 production Greatland Gold (GGP LN) – Havieron feasibility study extended to help capture growing resource expansion potential shown in recent drilling Rambler Metals and Mining* (RMM LN) suspended – Pressure mounts to resolve the fi

SP Angel Morning View: Strong dollar hits metals as market looks to higher US interest rates

Aura Energy* (AURA LN) – Investor presentation focusses on the Tiris uranium development project in Mauritania Hummingbird Resources (HUM LN) – Q3 production slips on struggles at Yanoflila mining operations Ncondezi Energy (NCCL LN) – Seeking disposal of Mozambique coal assets Orosur Mining* (OMI LN) – Encouraging intersections continue at Anza Rambler Metals and Mining* (RMM LN) – September quarter delivers the highest copper production in since 2014

SP Angel Morning View: Copper picks up from two month low as US$ pulls back from record

Cora Gold (CORA LN) – DFS update Gemfields Group (GEM LN) – September auction yields $4.2m in sales as strong coloured gemstone demand continues Goldstone Resources* (GRL LN) – Initial positive results Rio Tinto (RIO LN) – Kennecott underground mining to commence Rambler Metals and Mining* (RMM LN) – Inflationary pressures and lower copper prices offset cost and operational improvements and trigger revised production guidance as Ming mine delivery accelerates

SP Angel Morning View: Gold holds ground ahead of the US inflation data

___________________________________________________________________ Adriatic Metals* (ADT1) – Interims highlight Vares construction progress Antofagasta (ANTO LN) – Sea swell delays construction of coastal desalination plant for Los Palabras copper mine Beowulf Mining* (BEM LN) – Jokkmokk Iron CEO interviewed Condor Gold* (CNR LN) – La India open-pit mine feasibility study Greatland Gold (GGP LN) – A$340m funding arrangements for Havieron and expansion of Greatland Gold management Great

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: Aluminium prices hold as Europe races towards energy armageddon

Culpeo Minerals* (CPO AU) – Mapping programme refines four drill targets at Lana Corina East Star Resources (EST LN) – Interim report describes progress in Kazakhstan Power Metal Resources* (POW LN) – Drilling commences at Tati Gold Project in Botswana Rainbow Rare Earths* (RBW LN) – Updated technical report indicates improvements in expected capital and operational costs. BUY – 51p Rainbow Rare Earths* (RBW LN) BUY, 51p – Rainbow strike deal with OCP for Rare Earth processing of Moroccan p

SP Angel Morning View: Copper imports into China jump despite ongoing city lockdowns

Caledonia Mining (CMCL LN) – Blanket mine continues to break production records Diamond Fields Resources Inc (DFR VN) – Moydow acquisition cleared by the TSX-V Horizonte Minerals (HZM LN) – Key contracts awarded for the Araguaia process plant Jubilee Metals Group (JLP LN) – Cobalt refining circuit commissioning for up to 1,200tpa in Zambia KEFI Gold and Copper* (KEFI LN) – Q2 update highlights a build up in the project development momentum Power Metal Resources* (POW LN) – Canadian Lithium

SP Angel Morning View: US$ index rises to 22-year high depressing copper and most other metals in US dollar terms

Anglo American (AAL LN) – Quellaveco produces its first copper concentrate Bushveld Minerals* (BMN LN) – Bushveld offers good entry into development of mini-grid and batter storage markets KEFI Gold and Copper* (KEFI LN) – New licenses secured in Saudi Arabia. Petropavlovsk (POG LN) SUSPENDED – Russian gold producer files for administration Phoenix Copper* (PXC LN) – Drilling resumes at Empire Pure Gold Mining (PUR LN) – US$6m credit facility secured as the Company launches a strategic re

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

SP Angel Morning View: China exports grow as Shanghai locks down parts of city

Altus Strategies* (ALS LN) - BUY– Record quarterly Caserones royalty payment Anglo American (AAL LN) – $100m sustainability linked loan issued Atlantic Lithium* (ALL LN) – Test-work completed on a total of 1,700kg of drill core in 64 composites tested across the Ewoyaa Project Greatland Gold (GGP LN) – Drilling continues to expand the known mineralised extent of Havieron Scotgold Resources* (SGZ LN) - BUY – 154p – Record production reported in Apr/May at Cononish Rambler Metals and Mining*

SP Angel Morning View: Base metals rebound from year-to-date lows on signs Covid easing in China

Anglo Asian Mining* (AAZ LN) - BUY – Earnings slide on lower production and cost inflation; organic development pipeline increasingly pivots towards copper Atlantic Lithium* (ALL LN) – US to support battery metals projects in sub-Saharan Africa Base Resources (BSE LN) – Analyst roundtable offers encouragement Cornish Metals* (CUSN LN) - Valuation 48p/s - Stringers of cassiterite mineralisation in granite host rock highlights lode structure Corcel Plc (CRCL) – Wowo Gap nickel/cobalt resource

SP Angel Morning View: Gold prices continue to slide on rising treasury yields

AEX Gold (AEXG LN) – Exploration results from Vagar Ridge, Greenland Amur Minerals* (AMC LN) – Recommended $105m cash offer for the Kun Manie nickel/copper project KEFI Gold and Copper* (KEFI LN) – Progress report on the Saudi Arabia projects Rambler Metals and Mining* (RMM LN) – April's operational results show continuing performance improvement

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

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

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

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

Parkmead Group - European gas exposure drives record results

Parkmead has reported record FY results, driven by its unhedged exposure to strong European gas prices via its low-cost onshore Dutch gas business. This exposure could be increased further via an impending two-well drilling programme that has the potential to deliver significant additional volumes rapidly. Parkmead offers more than just gas price exposure though: its UK North Sea and Renewables prospects have been greatly enhanced by strong energy prices, a favourable regulatory environment and

Hybridan Small Cap Feast 23/11/2022

Dish of the day Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen?** Kistos Holdings plc, intends to join AIM. The Company was incorporated to act as a new holding company for the group companies 0f Kistos plc (KIST), a holding company with the objective of creating value for its investors through the acquisition and management of companies or businesses in the energy sector. Anticipated Market Cap £327m. Expected 22 Dec 2022. AT85 Global Mid-Market Infrastr

Cenkos: Chariot Ltd -- Expanding Chariot's Presence in a High Energy Demand Market

As part of the continued deregulation of the power market in South Africa, Chariot has formed a new JV through a 25% interest in a new South Africa electricity trading company, Etana Energy, which has been granted an electricity trading licence by the National Energy Regulator of South Africa (NERSA). As one of the largest energy markets in Africa, the Etana platform will provide Chariot with the opportunity to decarbonise the South African power sector via the supply of renewable power to both