SP Angel Morning View: Gold holds ground near 8-month high as further Fed members call for gentler rate hikes

Atalaya Mining (ATYM LN) – Rio Tinto plant operating above capacity to deliver 2022 copper production above guidance range BlueRock Diamonds* (BRD LN) – Notice of Statutory Demand has now been served on BlueRock Diamonds by Mr Leslie First Quantum Minerals (FM CN) – Copper production rises in Q4 but fails to offset Zambian rains in Q1. Cobre Panamá situation remains uncertain. Great Western Mining (GWMO LN) – Successful completion of £800,000 equity placing to advance mill construction and fu

Q4 Production Update

Serabi Gold (AIM: SRB, TSX: SBI), the Brazilian-focused gold producer and developer has today released its Q4 production numbers bringing FY22 gold production to 31.8koz exceeding the revised guidance of 30koz. The fourth quarter delivered 7.8Koz at a milled grade of 6.14g/t.

Q3 Financials

Serabi Gold (AIM: SRB, TSX: SBI), the Brazilian-focused gold producer and developer has today released its 2022 unaudited interim financial results for the three and nine month period ending 30 September 2022. The third quarter was on balance positive with higher production QoQ and a reduction in costs. The key operational and financial numbers for Q3 had already been released. Nonetheless, it is good to see Coringa ounces feeding into revenue numbers contributing $1.45m to sales.

SP Angel Morning View: Gold rangebound ahead of US inflation data

Atlantic Lithium* (ALL LN) – Mining License application submitted for Ewoyaa Anglo Asian Mining* (AAZ LN) - BUY – Robust production delivered in Q3/22 with Zafar startup reiterated for 2023 Antofagasta (ANTO LN) - Chilean rail operator to resume copper transport service following suspension on flurry of robberies in Antofagasta region Centamin (CEY LN) – Solar power plant cutting back on diesel requirements at Sukari Culpeo Minerals* (CPO AU) – Proposed equity raising of $2.14m Goldstone Re

SP Angel Morning View: SP Angel . Morning View . Monday 26 09 22 Gold trades lower as dollar soars amid FX volatility and spiking yields

Beowulf Mining* (BEM LN) – Grafintec Signs new MoU for establishing anode materials European hub Horizonte Minerals (HZM LN) – Brazilian Government designates the Araguaia project as strategic Savannah Resources* (SAV LN) – Interim results highlight progress on environmental work and flowsheet design improvements Serabi Gold* (SRB LN) – Underground drilling results from the Zonta Vein at extend the mineralised envelope at Palito Versarien* (VRS LN) – BiaBrazil to utilise Graphene-Wear Techn

Palito Exploration Update

Serabi Gold (AIM: SRB, TSX: SBI), the Brazilian-focused gold producer and developer has today announced an exploration update from its Palito Mine, Brazil. The drill results announced today are from a previously identified orebody known as the Zonta Vein located 100m west of the Senna Vein, which is in production – see Figure 1. The Zonta Vein is in a relatively untested region between the Senna Vein and Piaui Zone, currently the most westerly extent of the Palito orebodies (c. 500m SW of Sen

SP Angel Morning View: Metals prices hold up despite sharp correction in oil

AfriTin Mining (ATM LN) – Phase 1 construction completed at the Uis mine Anglo American (AAL LN) – De Beers reports continuing strength in rough diamond demand ahead of the Diwali holiday season Castillo Copper (CCZ LN) – Appointment of drilling contractors for campaign at the East Zone of the BHA project East Star Resources (EST LN) – Early-stage exploration results from Rudny Altai, Kazakhstan Galantas Gold* (GAL LN) – C$6.9m raised for exploration and development at Joshua Vein Kavango

Additional Study for Coringa Required

Serabi Gold (AIM: SRB, TSX: SBI), the Brazilian-focused gold producer and developer has today announced that it has been advised that the courts have upheld an appeal by the Public Prosecutor in Para state (as previously announced on 9 December 2021), requiring the Company to prepare an additional study to assess the impact of its activities at the Coringa Gold project, in Para State, Northern Brazil. The Ministry of Mines (“ANM”), the Environmental Agency for Para (“SEMAS”) and the Company all

Hybridan Small Cap Feast 17/08/2022

Dish of the day Joiners: No joiners today. Leavers: Altus Strategies Plc has left AIM. What’s cooking in the IPO kitchen?** Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. T

SP Angel Morning View: Lithium prices climb on reports for production rationing amid drought and heatwave in China

Culpeo Minerals* (CPO AU) – Phase-1 drill programme complete at Lana Corina Condor Gold* (CNR LN) – Revised mineral resources estimate for La India Gem Diamonds (GEMD LN) – Russian sanctions squeeze rough diamond supply Kenmare Resources (KMR LN) – Interim results highlight record prices through first half raising dividend despite challenging start to year Rockfire Resources (ROCK LN) – Exploration of the Molaoi zinc project Serabi Gold* (SRB LN) – Palito production recovers in Q2 as Coring

Hybridan Small Cap Feast 08/08/2022

Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen?** Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. The Group exports to over 40 count

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

Q2 Production Update

Serabi Gold (AIM: SRB, TSX: SBI), the Brazilian-focused gold producer and developer has today released a Q2 production update at its Palito Mine as well as a development update at Coringa.

SP Angel Morning View: Base metals tick lower on US dollar strength and Covid lockdowns on China east coast

AfriTin Mining (ATM LN) – Funding for Uis mine ‘Continuous Improvement Project' Atalaya Mining (ATYM LN) – Drilling results from Masa Valverde Caledonia Mining (CMCL LN) – Quarterly dividend Firefinch (FFX AU) Suspended – 29m shares in Leo Lithium sold for A$13m Rio Tinto (RIO LN) – Guinea threatens to cut out Rio & partners from Simandou Mkango Resources* (MKA LN) – Feasibility study demonstrates post-tax NPV10 of $559m for Songwe Hill Serabi Gold* (SRB LN) – Discovery of copper/moly/gol

LIBERUM: Sylvania Platinum* - Raising guidance on strong half

Alkaid #2 test - follow-on potential project economics

Chariot Limited (AIM: CHAR): Bringing water desalination capabilities in house is important for the green hydrogen business

• Chariot is acquiring ENEO Water PTE for US$0.5-1.0 mm in Chariot shares. • ENEO utilises an efficient, modular and scalable reverse osmosis technology that can be entirely powered by solar energy to produce desalinated water. ENEO is developing a proof of concept at a windfarm on the Red Sea in Djibouti that is under construction and is intended to provide local communities with access to potable water for the next 20 years. The capex of the project is very small (a few hundred thousand US dol

Forecast update

Diversified Energy will report a FY22 update in February and ahead of this we update our estimates for the lower gas price while also highlighting that the group's unique operating model substantially protects it from lower gas prices and higher interest rates, thereby ensuring it remains well placed to pay one of the highest dividend yields in the FTSE350.

SHORE CAPITAL - SAVANNAH ENERGY+ (SAVE, Suspended, Under Review) - Sylvie Rucar appointed as independent NED

FY22 Trading Update

Diversified Energy has released a positive FY22 Trading Update and we increase our EBITDA forecasts by +3% in FY22 and 2023.

Arrow Exploration Corp. (AIM: AXL): High 3Q22 production in Colombia and US$4 mm free cashflow

• 3Q23 production of 1,503 boe/d was above our expectation of 1,262 boe/d on higher production at Rio Cravo (860 bbbl/d) and Ombu (215 bbl/d). This suggests a continued strong performance of the RCE-2 well. • Corporate production in November has ranged between 1,900-2,000 boe/d with current net production of 887 bbl/d at Rio Cravo (up from 760 bbl/d on 01 November). While the RCS-1 well is still cleaning up, the newly perforated C-7A zone is already adding 165 bbl/d net (330 bbl/d gross) produc

Cadence Minerals - Developing Amapá iron ore mine and strategic new technology metal interests

Cadence has secured a 30% stake in the Amapá iron ore mine, Brazil, for $9.3m, a project valued by Anglo American in 2012 at over $600m. With established infrastructure, Amapá is a company-making opportunity. Cadence has recently published a PFS on Amapá, which highlights the obvious value in the project. With equity interests in European Metals Holdings (Cinovec lithium-tin project in Czech Republic), Hastings Technology Metals (Yangibana REE project in Australia) and Evergreen (lithi

Record production achieved in trying circumstances

Higher production at Vanchem coupled with another stable year at Vametco saw Bushveld deliver record annual vanadium production in 2022, though the adverse impact of electricity load shedding on the ramp up of Vanchem meant that the full-year total narrowly missed the group’s target. We still anticipate a return to positive EBITDA for 2022 and further earnings growth this year as Vanchem continues to gather pace. However, evidence of positive progress on load-shedding mitigation measures at Vanc

This Week's AIM Highlights 20th January 2023

LIBERUM: Atlantic Lithium* - Latest resources in-line; valuation upped to 57p on higher throughput

IOG (IOG LN) - Trading update

IOG has released a trading update. This reports that operations at the Southwark A2 development well continue, with new plans to isolate three of the six stimulated zones, reperforate two other zones and then flow test the well again. IOG reported last week a disappointing 4.2mmcf/d maximum gross flow rate achieved at A2, and we would hope to see a much higher number, perhaps over 20mmcf/d based on original expectations, once the remediations are in place. The experience on A2 is also being used

Enhancing Ewoyaa: to extend or expand?

Q1 2023 Operational Update

Tharisa has released its production report for Q1 2023 today. The quarter has been impacted by unprecedented rainfall at the Tharisa mine. However, the company was able to minimise the impact on production through the use of their stockpiles to maintain plant throughput. PGM and Chrome concentrate production reduced by 6% and 8% QoQ respectively. Gross and net cash have increased by 49% and 29% respectively, in part due to the successful bond raise of US$31.8m and the continued strong free cash

Tungsten West: Revised plan to optimise Hemerdon for higher energy prices & other costs - amended note

Tungsten West (“TUN”) has published an updated Bankable Feasibility Study (“BFS”) post its re-optimisation of the Hemerdon project in light of higher energy prices and other key input costs. The revised plan reduces capex by ~£20m and cuts energy intensity, trading this off against slightly reduced tungsten output and lower payabilities. The completion of the BFS is a key milestone on the path to securing project financing. Site refurbishment and staff recruitment activities have continued since