Lexington Gold - Cost effective gold resource growth

Lexington is exploring in the Carolina Gold Belt (CGB), home to the first American gold rush and the 4.8Moz Haile gold mine (operated by OceanaGold N/R). Though highly prospective, the CGB remains relatively underexplored. Lexington has rapidly established a portfolio of projects with a history of gold mining and, leveraging local knowledge and legacy data, has quickly defined a gold resource in excess of 210k ounces at the Jones-Keystone Loflin (JKL) project. Further drilling is planned and res

WH Ireland: Lexington Gold (LEX) - Emerging resources with early-mover advantage in the Carolina Gold Belt

Lexington Gold has interests in four gold properties (and access to others) in the Carolina Gold Belt (CGB), home to the first American gold rush and the large, operating, profitable Haile gold mine (OceanaGold Corp, Mkt cap C$1.7bn), the largest gold deposit in the eastern US with a 4.8Moz resource. Applying knowledge and expertise to legacy data, Lexington has quickly defined a growing resource at the Jones-Keystone-Loflin (JKL) group of deposits and is set to grow this resource (and others) s

WH Ireland: Lexington Gold (LEX) - Maiden resource estimate for Jones-Keystone gold deposit, USA

Lexington Gold today provides a maiden JORC resource estimate for the Jones-Keystone deposit in North Carolina of 4.4Mt based on a 0.5g/t cutoff and grading 0.9g/t for 128koz of contained gold. This can be added to the resource at Loflin (2.6Mt grading 1.0g/t), only 2.5km away, for a combined total of 210koz. The resources are open at depth and along strike and we have an expectation that the resource will grow with further drilling – including the zone between Jones-Keystone and Loflin which

WH Ireland: Lexington Gold (LEX) - Jones-Keystone Project sample re-splits verify high-grade

Lexington, the explorer with interests in projects in the emerging Carolina Gold Belt today announces assay results for drill samples from the Jones-Keystone project; results are for 1m re-splits of previously reported 4m composite samples that assayed over 0.2 g/t gold. Several multi-meter intervals grading over 2 g/t gold are reported within 100m of surface, including: 9m grading 2.7 g/t, 1m grading 5.8 g/t, 16m grading 2.2 g/t, 1m grading 7.5 g/t, 6m grading 2.7 /t Au, and 1m grading 5.2 g/t

Small Cap Feast 21/02/2022

While we were away... Joiners: Strip Tinning Holdings (STG), an established supplier of specialist connectors to the automotive sector, has joined AIM raising £11.5m including £8m of new money at a market cap of £28m. Clean Power Hydrogen (CPH2) the UK-based green hydrogen technology and manufacturing company that has developed the IP-protected Membrane-Free Electrolyser joined AIM raising £30.5m mainly of new money at a market cap of £119.4m. Leavers: Zoltav Resources has left AIM. What’s cooki

Hybridan Small Cap Feast 22/12/2021

Joiners: Aptamer joins AIM. Mkt Cap on Admission £80m. Capital raised £10.8m. Leavers: GCP Student Living leaves the Official List. What’s cooking in the IPO kitchen? Hydrogen Utopia International PLC (HUI), to join Access Segment of the Aquis Stock Exchange. The company aims to become one of the leading new European companies specialising in turning Non-Recyclable Mixed Waste Plastic into carbon-free fuels, new materials or distributed renewable heat. HUI’s activities will range across the full

Hybridan Small Cap Feast 04/11/2021

Joiners Pod Point (PODP.L), one of the United Kingdom's leading providers of Electric Vehicle charging solutions has announced its offer price for its Main Market (Premium) listing at 225p. Raising £100m. Mkt Cap c. £352m. Devolver Digital (DEVO.L) has joined AIM, an award-winning digital video games publisher and developer in the indie games space. Recently awarded indie 'Publisher of the Year 2021' by GamesIndustry.biz. Placed £191m of new and existing shares. Mkt Cap c £694m. Leavers No leave

Hybridan Small Cap Feast 19/10/2021

*A corporate client of Hybridan LLP Joiners Bens Creek Group (BEN.L) has joined AIM. Bens Creek, together with its subsidiaries, will, on Admission, own and operate a metallurgical coal mine located on 10,000 acres in the southern part of the state of West Virginia and eastern edge of the Commonwealth of Kentucky, in the central Appalachian Basin of the eastern United States of America. The mine's operations are located primarily in Mingo County, West Virginia. The mine includes a wash plant

Hybridan Small Cap Feast 15-09-2021

Joiners No joiners today. Leavers No leavers today. What’s cooking in the IPO kitchen? Peel Hunt, a UK mid and small-cap specialist investment bank, announces its intention to seek admission of its ordinary shares to trading on AIM. Admission is expected to take place on or around 29 September. In conjunction with a placing of Ordinary Shares the Company will be conducting an intermediaries offer. Oxford Nanopore Tech—expected intention to float on the LSE (Standard). The company behind a

12/07/21

What’s cooking in the IPO kitchen? South West Brands the multi-brand cannabidiol consumer goods company intends to float on the Main Market (Standard). Raising funds to continue to develop its existing portfolio of brand IP and pursue its strategy of adding brand IP assets to the portfolio over the course of the first 24 months following Admission. The Company expects Admission to occur in July 2021. Timing and offer TBA. GENinCode to join AIM, a UK-incorporated company engaged in the risk ass

Small Cap Feast: 23/06/21

Joiners: No Joiners Today Leavers: Urban Exposure has left AIM pursuant to a solvent members' voluntary liquidation. What’s cooking in the IPO kitchen? Seraphim Space Investment Trust PLC, a newly established closed-ended investment company which will invest in a diversified international portfolio of early and growth stage Space Tech businesses, announces the publication of its Prospectus in connection with the IPO to the Premium Segment of the Main Market. The Company is targeting gross pro

SP Angel . Morning View

Ariana Resources* (AAU LN) – Partial disposal of Salinbas and Zenit Madencilik | Bushveld Minerals* (BMN LN) - MIT team look to chitin for large-scale flow batteries | Eurasia Mining* (EUA LN) Suspended – Launch formal sale process under UK Takeover code | Greatland Gold (GGP LN) – Additional licence acquired in the Paterson region | KEFI Minerals * (KEFI LN) – Tulu Kapi project finance update | Metals Exploration (MTL LN) – Update on operations and AIM Suspension | Rambler Metals* (RMM LN) – Pr

Small Cap Feast

SulNOx Group - The Group has developed a methodology and process capable of emulsifying hydrocarbon fuels such as diesel and heavy fuel oil . By January 2014, following preliminary laboratory testing, SulNOx was in a position to suggest that its products resulted in up to a 50% reduction of Nitrogen Oxide (NOx) and a 90% reduction in particulate matter Due 17 Dec, mkt cap £42.3m.

LIBERUM: Sylvania Platinum* - 3p interim dividend & new policy

Updated Alkaid #2 test results

SHORE CAPITAL - Savannah Energy+ (SAVE, Under Review, Suspended) - Chad upstream asset update

Loony for Bougouni

Jubilee Metals - H1 FY2023 results

Jubilee today provides its unaudited financial results for the half-year period ending December 2022. Group Revenue of £63.1m (H1 FY2022: £63m) with £58m from its chrome/PGM operations in South Africa and £5m from copper in Zambia. Headline EBITDA of £10.3m (£13.7m) with a closing cash position of £11.7m (£21.5m) after continuing its capital investment program of £24.1m (£28.4m). Production of PGM was down in the period at 18.2koz (20.3koz), but all was from its own facility at Inyoni so cap

Hybridan Small Cap Feast - 21 Feb 23

21 February 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objec

Union Jack Oil (UJO LN) - Wressle update

Ongoing strong production from Wressle. Union Jack has released an update on revenues from its Wressle field (Union Jack 40%). Wressle has now achieved over US$14m of cumulative net revenues from the field since mid-August 2021, from US$13m as of early February 2023. The field continues to produce under natural flow and with zero water cut (most recently reported at a gross rate of 825-850bbl/d). These Wressle revenues continue to help underpin company financial performance, while also providing

Hybridan Small Cap Feast - 06 Mar 23

6 March 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objective

IOG (IOG LN) - Full year 2022 results

Numbers partly already released in January. IOG has released its full year 2022 results. In January the company announced gross average production from first gas in March to the end of 2022 of 27.4mmcf/d, end 2022 gross cash of £32.4m (including £5.7m restricted), 2022 revenue before sales deductions of £79.6m, cash OPEX of 13.9p/therm, and cash CAPEX of £61.2m.

FY22 - Focus on the next 6 months' operations

Savannah Energy - Chad upstream business nationalised

The Republic of Chad has nationalised the upstream assets Savannah recently acquired from ExxonMobil. While disappointing, Savannah remains highly free cash flow generative, an attribute the approaching completion of Petronas’s South Sudan oil business is set to boost further.

i3 Energy Update to Fair Value Estimate

We are updating our fair value estimate to reflect more conservative oil and gas price assumptions. We have lowered our 2023 WTI oil price estimate to $74.05/b from $83.10/b, to align our estimates with market dynamics. We have lowered our US benchmark (Henry Hub) natural gas price for 2023 to $3.02/mmbtu from $3.36/mmbtu, which reflects the most recent price forecast made by US EIA Short Term Energy Outlook. As a result, we are lowering our fair value estimate for i3 Energy to 26.2p from 31.6p

SHORE CAPITAL - TOUCHSTONE EXPLORATION+ (TXP, 61p, House Stock) - FY22A results exceed our forecasts; Cascadura remains on track versus prior guidance

PetroTal Corp (AIM: PTAL): Production back at 20 mbbl/d. Regular payments from Petroperu

• Production was constrained in January and February, with average production of ~7,600 bbl/d and 8,000 bbl/d respectively, due to restricted barging capacity over these two months. • The barging fleet schedules have now been re-established with an increased capacity of 1.5 mmbbl (1.2 mmbbl in 2022) and PetroTal’s production has been averaging 20 mbbl/d since the last week of February. • Given the constrained production rates over January and February, the company now expects 1Q23 production t

Kenmare Resources: FY22 another year of financial records culminating in a USc54.3/sh dividend

Kenmare (“KMR”) released record FY22 financial results this morning, with realised prices exceeding expectations and delivering EBITDA of US$298m, 6% above H&Pe and up 39% YoY. This generated the largest full year dividend to date at 54.3 cps, implying a trailing yield of 10.2%. As reported on 2nd March, an early set back caused by an unprecedent lightning strike has dented output in Q1’23, although KMR still believes the bottom end of its FY23 range is achievable. With the Company seeing some s