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Empire Metals* (EEE LN) – Acquisition of three highly-prospective copper-gold projects in Australia
Hummingbird Resources (HUM LN) – Kouroussa development update
Johnson Matthey (JMAT LN) – £400m awarded by UK government for hydrogen research
Keras Resources* (KRS LN) – Keras consolidated stake to full ownership of Diamond Creek phosphate mine
Savannah Resources* (SAV LN) – FY21 results: well capitalised, DIA expected over coming months
Companies: EEE HUM JMAT KRS SAV
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UK Mortgages ltd has left the Main Market.
What’s cooking in the IPO kitchen?
First Tin plc, a tin development company with advanced, low capex projects in Germany and Australia, intends to list on the Main Market. First Tin is led by an experienced team of tin specialists, committed to the environmentally sensitive and low carbon development of advanced hard rock tin projects in conflict free, low political risk jurisdictions. The Company has raised £20m to e
Companies: SYM ADME UFO EEE GMR ORCP REDX SAV SPDI
Beowulf Mining* (BEM LN) – 3,400m drill programme to commence at multiple targets in Kosovo
Bushveld Minerals* (BMN LN) – BUY, Valuation 31p – Bushveld settle Enerox investment issue
Empire Metals* (EEE LN) – High-grade drill intercepts from inaugural campaign at Gindalbie
Europa Metals Limited (EUZ LN) – Interim report describes progress on resource evaluation and metallurgical testing at Toral
Petropavlovsk (POG LN) – Gazprombank debt update
Polymetal International (POLY LN) – Operations
Companies: BEM BMN EEE POG PXC POLY SAV EUZ SGZ
Savannah has announced an MOU with large European company ABB Group. ABB services a very wide range of industrial sectors including renewables, power, rail, food production, life sciences, oil & gas and mining. ABB is Europe’s largest manufacturer of EV chargers and at the forefront of delivering Europe’s Green Deal. ABB’s involvement in lithium mining matches both its expertise and green deal strategy. For Savannah, this will result in welcome recognition of Barroso’s importance to Europe’s new
Companies: Savannah Resources Plc
Savannah Resources stands poised to begin development of the Barroso spodumene lithium project in Portugal. The EIA for the project has been submitted and is awaiting approval; which would, in our opinion, start a cascade effect leading to the finalisation of the DFS, an offtake announcement and the start of the funding process. Portugal is likely to be home to several lithium convertors and it would seem a natural fit for Savannah to partner with at least one to supply lithium units – low gr
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What’s cooking in the IPO kitchen?
Cordiant Global Agricultural Income plc intends to float on the Main Market (Premium). The Company's investment objective will be to seek to provide an attractive yield, with potential capital growth, by providing secured medium-term finance to the global agricultural sector. The Company will seek to promote more sustainable crop production and help address a capital solutions gap which exist
Companies: ZYT EOG IGE KEFI MWE NFC PCA SAV SVM
Greatland Gold (GGP LN) – Mineral resource update at Havieron
KEFI Gold and Copper* (KEFI LN) – Restart of Tulu Kapi development activities
Rambler Metals & Mining* (RMM LN) – NPV Valuation: 168p/s – February sees continuing operational improvements with the mill expected to reach capacity in March
Savannah Resources* (SAV LN) – BUY, 17.9p – Decarbonisation consultants for the Barroso Lithium Project
Scotgold Resources* (SGZ LN) – BUY, 162p – £250k short term loan
Sovereign Metals (SOV LN
Companies: GGP KEFI RMM SAV SGZ SVM TLG TGN
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
Companies: ALS AAL ARCM CGNR ORR PREM RMM SAV SRB
Savannah today announces that has finalised its flow sheet for the Barroso project in Portugal which is now ready for inclusion in the final feasibility study. It is expected that Barroso will produce a high-quality, low-impurity spodumene concentrate with a recovery rate in the high 70s% with opportunities to increase this over 80%. Additional work has been identified to further enhance the process (work on grind size), co-product recovery (recovery of quartz-feldspar) and agglomerating the s
Companies: IOG SAVE SAV SRT SNG TSTL
Companies: DSCV IDEA SAV
Savannah shares were volatile last week. On Monday 31 January, the price responded positively to news that Portugal’s socialist (PS) party won an unexpected outright majority. The shares were up c.15.0% on the day. Then on Friday it was announced that the Parish of Covas do Barroso is taking legal action related to changes made to the C-100 Mining Lease in 2016, surprisingly litigating against the Republic of Portugal and the Ministry of Economy. The shares fell 8.6%, making the net result of th
Beowulf Mining* (BEM LN) – Beowulf provides comprehensive update at crucial time for Kallak project
Fortuna Silver Mines (FSM US Equity) – Mexican Mining agency claims typo was made in extension of EIA for San Jose Mine
Oriole Resources (ORR LN) – Appointment of non-executive Chair
Savannah Resources* (SAV LN) – BUY, Target 17.9p – Barroso Lithium Project Update
Thor Explorations (THX LN) – Drilling underway at Douta, Senegal
Companies: THX FVI BEM ORR SAV
AfriTin Mining (ATM LN) – Q3/21: strong production, lower AISC and higher realised tin prices
Atlantic Lithium* (ALL LN) (Formerly IronRidge* IRR LN) – Latest drill results provide highest grade to date at Ewoyaa
Hummingbird Resources (HUM LN) – Guidance revised down to 84-89koz for 2021
Power Metal Resources* (POW LN) – New Ballarat Update
Savannah Resources* (SAV LN) – BUY, Target 17.9p – Proposed regional refineries bring local lithium deposits in the spotlight
SolGold* (SOLG LN) – Maide
Companies: ATM HUM POW SAV SOLG ALL
Two different groups have announced they are going to set up lithium refineries in Portugal this week.
Firstly, Reed Advanced Materials (70% Neometals ASX:NMT, Mkt Cap A$592m; 30% Mineral Resources Ltd, ASX:MIN, Mkt cap A$9.3bn) announced a JV with one of Portugal's biggest chemical companies, Bondalti (Private) to produce either lithium hydroxide or lithium carbonate at a rate of 25kt/yr.
Secondly, GALP (ENXTLS:GALP, Mkt Cap €6.8bn) and Northvolt (Private) have set up a JV (Aurora) to build
Research Tree provides access to ongoing research coverage, media content and regulatory news on Savannah Resources Plc.
We currently have 359 research reports from 9
Companies: Sylvania Platinum Ltd.
Forecast and valuation update
Companies: IOG PLC
Jubilee today provides an operational update on the ongoing commissioning at the new Inyoni chrome and PGM plants with Jubilee building up to steady state production for nameplate capacity of 1.2Mt chrome concentrate and 44koz PGM production per year. Remember processing chrome creates the upgraded PGM tailings for Jubilee to recover the PGMs (Jubilee being paid a small margin to preconcentrate its own feed) and with the expanded Inyoni there is no need to share the PGM revenues via a JV struct
Companies: Jubilee Metals Group PLC
Alien Metals has compiled a portfolio of high-profile, high-potential projects incorporating several commodities in two Tier 1 Mining jurisdictions. It is developing two DSO iron ore projects in Australia at Hancock and Brockman in the Pilbara of Western Australia. It also has a large historic undeveloped PGM resource at the Munni Munni project that encompasses the high-grade silver deposit at Elizabeth Hill and the polymetallic mineralisation that is yet to be properly defined, also in Australi
Companies: Alien Metals Ltd
In this note, we review the recent performance of the Active Net Zero Clean Energy Index. We also take a deeper dive into the composition of the Index in terms of market cap, constituent end market / business model and, finally, geographic exposure.
Companies: ATOM ADN DRX EQT GSF ITM IES NESF PHE SAE SIT STRLNG TLG VLS
Last week Tamesis visited a number of Tharisa PLC's assets including the Tharisa Mine and Arxo Metals Beneficiation Site (AMBS) in South Africa and the Karo Platinum Project in Zimbabwe. Overall it was an extremely well received trip with evidence of efficiency improvements at the Tharisa mine, unexpected cash generation from the Vulcan Plant, further cash from the Salene Chrome Plant and, it also impressed on us that the Zimbabwe risk to the build out of Karo is lower than the market perhaps th
Companies: Tharisa Plc
What’s cooking in the IPO kitchen?
Lift Global Ventures plc to join AQSE Growth Market. The Company's investment strategy is to operate as an enterprise company seeking acquisition or investment opportunities within the financial media and technology industries. Within these broad industries, areas of focus may include: Financial news websites and other forms of “new media”, Investment research providers, Financial PR, IR, design and marketing agencies, Production studios and visual content prov
Companies: BSE CFX DPP EOG SEE SOLI SML
Pantheon Resources announced that it has contracted a rig (the Nabors 105AC) to the Alkaid #2 well, which the company indicated is scheduled to spud in July 2022. The company indicated that if the well is successful, Pantheon Resources will commence a long-term production test and truck and sell the produced oil to a nearby North Slope facility.
Companies: Pantheon Resources plc
Sylvania’s end March 2022 cash balance improved by 25.5% to US$138m and Q322 revenue increased by 17% as a result of higher platinum group metal (PGM) prices. Production improvement was slower than expected, which put pressure on unit costs over the quarter. Most of the operational issues of Q322 have now been or are almost resolved, with the company expecting a ‘significant increase’ in production in the fourth quarter. The Lesedi plant is back in full production and the Mooinooi plant’s run-of
Companies: 4BB FOUR ARB IOF
Imperial Helium (IHC CN)C; Under review: Merger with Royal Helium to build a material player with discovered resources and huge upside - Imperial Helium is merging with Royal Helium with Imperial Helium shareholders set to hold ~30% of the combined entity. The share exchange ratio suggests a 10% premium to the Imperial Helium share price on the day prior to the announcement. Shareholders will vote on the transaction in June with completion expected in the 2nd half of June. Management, insiders a
Companies: XOM XOM TRIN SHEL RBD OEX NOG MATD ALV ALV IOG GTE FEC EQNR EQNR ENOG BP/ IHC PEN PEN SDX EGY
Companies: Touchstone Exploration Inc
i3 Energy announced that it is increasing its minimum dividend to be paid in 2022 by 25% to £14.784m. The increase will be implemented by increasing the monthly dividend.
Companies: i3 Energy Plc
ARC has announced it has signed a JV agreement with Anglo American (LSE:AAL, Market Cap $45bn) over its Zambian licences. This has long been in the offing and we view the terms as advantageous to Arc and a validation of the prospectivity that it (and we) see in its licences. The headline JV payments are staged but could ultimately lead to Anglo owning 70% of the licences, by investing $74m in exploration and paying Arc $14.5m. The licences will be held under a JV which will have an initial ow
Companies: ARC Minerals Limited