Resources

Resources equity research

Explore the latest equity research and media content for companies in the Resources sector. These stocks operate in mining, industrial metals, paper mills and forestry. Mining sectors include coal, diamonds, and gemstones/precious metals.

Resources equity research

14 Nov 19

Encouraging Mina do Barroso metallurgical testing

Encouraging and detailed metallurgical testwork results were reported from their advanced 100% owned open pit Mina do Barroso spodumene hard rock lithium project in Portugal. This involved the development of a new flow sheet and testing of a variety of mineral types, including different weathered types of spodumene ore from the various drilled deposits that form the project.

Companies: SAV BHP GLEN ASO ALBA CAML GWMO

21 Oct 19

Quarterly Research Outlook Autumn 2019

Following continued delays of a Brexit agreement, few sectors within the UK market have remained attractive to investors despite low valuations. One sector which has continued to outperform despite the political drama has been the UK video gaming sector (henceforth UK gaming), which we are fans of. We believe a combination of sector-leading growth, strong cash conversion and timely cyclical positioning support our positive view on the UK video gaming sector.

Companies: ABBY AMS ANX ARS ATYM AVON BLVN PIER BUR CGS CAML CDM CSRT TIDE CYAN DTG DEMG ELM EMR FPO FDEV GTLY GENL GHH GRI GEEC GKP HMI HAYD HEAD HILS HTG HUR IBPO IOG INDI JHD JOG KAPE KEYS KWS KCT KGH LAM LIT LOK MACF MANO MOD OXIG PCA PANR APP SRE PHC PMO RBW RMM RBGP REDD RSW RNO ROR SUS SCPA SEN SHG SOLG SOM SUMO TM17 INCE TWD TRAK TRI VNET VTC ZOO ZTF

02 Jul 19

Where’s the Value?

Warren Buffett once said that as an investor, it is wise to be ‘fearful when others are greedy and greedy when others are fearful’. Fear is not in short supply right now.

Companies: OPM ALU ANCR BLV CONN CRC STU GATC HAT LEK MMH MCB MWE NXR NTBR NOG PAF PEG RFX SRC TEF TEG TPT VTU WYN XLM

02 Sep 19

LIBERUM: Sylvania Platinum* - Results beat, Grasvally disposal but light on dividend

Sylvania has reported FY19 results (June Y/E) of $6.37/sh versus expectations of $5.95/sh due to a lighter tax expense than assumed. They have entered into a binding agreement to sell Grasvally for R115m ($7.6m at current FX), which should be settled in the next eight months.

Companies: Sylvania Platinum

11 Nov 19

LIBERUM: Sirius Minerals* - Cost savings at the crux of the new plan

Sirius’ announcement this morning has confirmed it will split the financing of the shafts and the remainder of the project, with the $600m shaft component targeted before April. We outlined the rationale for this strategy in September and ran through some of the maths, but today’s release implies scope for less dilution than expected, if it can be executed.

Companies: Sirius Minerals

17 Jan 19

Small Cap Feast

Circassia Pharma (CIR.L) - specialty pharmaceutical company focused on respiratory disease transferring from the Main Market. No funds being raised. Due 4 Feb. Greenfields Petroleum (TSX-V:GNF) production focused company with operated assets in Azerbaijan seeking AIM dual listing including $60m private placement. Mkt cap $12.6m CAD. Expected late January 2019.

Companies: ORCP IOF FOX TEG XLM TRMR FST SNG ARE SRB

13 Jun 19

Tapping into ANS mineral potential

KEFI Minerals is an AIM-listed gold and base metals mineral exploration/development company advancing DFS stage Tulu Kapi Gold Project in Western Ethiopia as well as a set of precious and base metals exploration permits in Saudi Arabia.

Companies: Kefi Minerals

02 Jul 19

Vanadium rental / leasing structure to accelerate value creation. Vanadium forecasts adjusted.

Bushveld Minerals holds 74% of Vametco, an integrated vanadium mining, processing and technology business and is buying 100% of Vanchem. 26% of Vametco held by a BEE group. Bushveld Energy (84%) is developing vanadium redox batteries for grid use in South Africa. Lemur Holdings(100%) is developing a thermal coal mining & power project in Madagascar. AfriTin separately listed on AIM in London. Bushveld retain a minority stake in the company.

Companies: Bushveld Minerals

10 Oct 19

The investment case of Rio Tinto

Even though iron ore prices have weakened materially since July 2019, Rio Tinto remains well-positioned to generate healthy cash flows and maintain its shareholder reward attractiveness.

Companies: Rio Tinto

09 Oct 19

SP Angel's John Meyer sees little hope of a rescue in Sirius Minerals crisis

20 Nov 19

Oriole Resources hails funding for exploration programme in Djibouti

14 Nov 19

SolGold - Investor video 2019

19 Nov 19

Investor Update: Oracle Power's Pakistan block recognised as potential fertiliser project

22 Oct 19

Investor Update: Bushveld Minerals granted mining permit for Mokopane

18 Nov 19

NQ Minerals' David Lenigas focused on restructuring debt and upping profits at Hellyer

23 Oct 19

Ariana Resources - Latest Company Update

15 Nov 19

Europa Metals gearing up for next diamond drilling campaign at Toral project

04 Nov 19

Investor Update: Horse Hill well now 'two-thirds of way through sweet spot'

15 Nov 19

MetalNRG: Mining Capital’s Alastair Ford looking out for potential ‘significant near-term deal’

01 Nov 19

Alba's Amitsoq project yields high value jumbo graphite flakes

15 Nov 19

Greatland Gold looking to work up a second ‘look-alike’ Havieron project

30 Oct 19

Eurasia Mining's Dmitry Suschov discusses 'strategic options' for its mining assets

14 Nov 19

Chaarat Gold strengthens institutional investor base with US$5.8mln raise

30 Oct 19

Greatland Gold's Gervaise Heddle outlines new drill targets at Scallywag

Latest Content

Oriole Resources

Oriole Resources hails funding for exploration programme in Djibouti

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20 Nov 19

FOG TPFG DNL FIF BREE GRL AVO INFA EMH

Small Cap Feast

The Pebble Group, a provider of products, services and technology to the global promotional products industry, announces its intention to seek admission of its shares to trading on the AIM market of the London Stock Exchange, which is expected to take place in early December 2019.The Group delivered revenue of £99.8m in the year ended 31 December 2018.No mention of bottom line and a suggestion that funds raised would provide an exit to private equity shareholders and the repayment of debt. Offer TBA. Longboat Energy raising £10m. Expected admission November 2019. The company has been established by the former management team of Faroe Petroleum to create a new full-cycle North Sea oil and gas company .The strategy to achieve this will initially be through the acquisition of assets where the management team can add value through subsurface and operational improvements, follow-up deal opportunities and nearfield exploration; and by value creation through the drill bit.

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20 Nov 19
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ARCM CORA ORR TSTR

SP Angel . Morning View

Adriatic Metals* (ADT AU) A$1.31, Mkt cap A$226.1m – Vares scoping study | Arc Minerals* (ARCM LN) 2.7p, Mkt Cap £20m – Arc agrees sale of Šturec as it focuses resources on development of Cheyeza East discovery in Zambia | Cora Gold* (CORA LN) 5.4p, Mkt Cap £7m – 5,000m of drilling to test lateral and dip extensions at Sanankoro | Oriole Resources (ORR LN) 0.39p, Mkt cap £2.7m – Financing for Thani Stratex Resources Djibouti | Pensana Metals (PM8 AU) A$0.20, Mkt cap A$30m – Pensana punchy on NdPr prices in new Feasibility Study | Tri-Star Resources* (TSTR LN) 37p, Mkt Cap £35.2m – First production of commercial grade antimony metal

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19 Nov 19
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Oracle Coalfields

Investor Update: Oracle Power's Pakistan block recognised as potential fertiliser project

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19 Nov 19

SRT TRI TSTR

Morning Note – 19 November 2019

SRT Marine Systems (SRT): Corp | Tri-Star Resources (TSTR): Corp | Trifast (TRI): Corp

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19 Nov 19
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AAU BZT PDL SAV SHG

SP Angel . Morning View

Ariana Resources (AAU LN) –Drilling results from Kiziltepe | Bezant Resources (BZT LN) – Disposal of 80% of Mankayan copper project in Philippines | Pensana Metals (PM8) – Pensana looking to produce 4,600t of NdPr in concentrate in 2020 | Petra Diamonds (PDL LN) – Sale of blue diamond from Cullinan. | Savannah Resources* (SAV LN) – Additional licence at Mutamba | Shanta Gold (SHG LN) – Updated mineral reserves extend the LoM at NLGM to 2024

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19 Nov 19
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ORR CORA ECSC SCPA GAN UPR ITM EQLS KAPE ARCM

Small Cap Feast

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19 Nov 19
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NQ Minerals

NQ Minerals' David Lenigas focused on restructuring debt and upping profits at Hellyer

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18 Nov 19

TXP SHG CNIC AAU INSP TSTL ORPH RLE IQG MSMN

Small Cap Feast

The Pebble Group, a provider of products, services and technology to the global promotional products industry, announces its intention to seek admission of its shares to trading on the AIM market of the London Stock Exchange, which is expected to take place in early December 2019.The Group delivered revenue of £99.8 million in the year ended 31 December 2018.No mention of bottom line and a suggestion that funds raised would provide an exit to private equity shareholders and the repayment of debt. Offer TBA. Longboat Energy raising £10m. Expected admission November 2019. The company has been established by the former management team of Faroe Petroleum to create a new full-cycle North Sea oil and gas company .The strategy to achieve this will initially be through the acquisition of assets where the management team can add value through subsurface and operational improvements, follow-up deal opportunities and nearfield exploration; and by value creation through the drill bit.

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