Harland & Wolff Group (HARL), the infrastructure projects group, released further details following yesterday’s announcement by the Secretary of State, The Rt Hon Ben Wallace MP, at the Appledore Shipyard of Team Resolute’s appointment as Preferred Bidder on the Fleet Solid Support contract.
The company said the Ministry of Defence has selected Team Resolute, comprising Harland & Wolff, Navantia UK and BMT, as Preferred Bidder to build support ships for the Royal Navy with a £1.6 billion contract.
Cornerstone FS Plc (CSFS), the cloud-based provider of international payment services, provided an unaudited update on trading. The company said it entered the second half of the year with strong trading momentum and this has been sustained through the period. As a result, the Group expects to report total revenue for 2022 of approximately £4.3m, representing growth of 87% over 2021. This reflects significant organic growth as well as the contribution from Capital Currencies Ltd and Pangea FX Ltd, which were acquired during the year.
AfriTin Mining (ATM), an African technology metals mining company, released its unaudited interim results for the six months ended 31 August 2022. The company said six month production was up 23% to 454 tonnes of tin concentrate (286 tonnes of contained tin) compared to H1 2021: 368 tonnes (227 contained). The Phase 1 processing plant continued to exceed targets and nameplate capacity.
Shanta Gold (SHG), the East Africa-focused gold producer provided an exploration update for the West Kenya Project in Kenya. The company said the West Kenya project has continued to deliver high-quality drilling results. It has encountered bonanza-grade gold intercepts at Isulu including grades of 721 g/t, 210 g/t, 172 g/t, and 93 g/t which are within 100-200 metres vertical distance of surface, in 4 different intersections across the 7 drilled holes.
Mosman Oil and Gas (MSMN) the oil exploration, development, and production company, updated in respect to the Cinnabar-1 well in Tyler County, Texas. The company said the Cinnabar well was drilled in October 2022 and is now in the process of being completed and placed on production. The revised schedule for the next phase of site operations in now early in December, with initial production flow rates anticipated to be announce in mid-December
Guild Esports (GILD), a teams organisation and lifestyle brand, announced changes to its Board of Directors. The company said that Jasmine Skee has been promoted to Chief Executive Officer and Director to drive the next phase of the Company’s growth. Ms Skee is based in London and currently holds the position of Chief Marketing Officer. She succeeds Kal Hourd who, having established a solid foundation for Guild, has taken the personal decision to step down from the Board and leave the Company. Both changes will take effect on 1 January 2023.
Critical Metals (CRTM) revealed that the mighty Ian Hannam has raised his stake in the company from 4.56% to 7.47%.
Neometals (NMT) announced the completion of a Class 4 Pre-Feasibility Study for production of titanium (ilmenite) and iron-vanadium concentrate from titanium-rich Eastern bands at Barrambie. The company said the results confirm the viability of commercialising Barrambie with potential to supply in excess of 500,000 tpa of high-quality supply constrained ilmenite in the first 10 years of the project.
Landore Resources (LND) provided a progress report on the drilling and exploration programme being carried out on the Felix-Lamaune prospects at the company’s Junior Lake Property, Ontario, Canada. The company said the above Grassy Pond Prospect promises to be yet another link in the chain of Battery Metals deposits/prospects so far identified along the southern margin of the Grassy Pond Sill. This is just a small portion of the 30-kilometer shear zone, highly prospective for Battery Metals and Gold, which transects Landore’s Junior Lake property.
Poolbeg Pharma (POLB), a clinical stage infectious disease pharmaceutical company, announced that it will be holding a Capital Markets Day for analysts and institutional investors on Wednesday 30 November between 10am – 12:45pm. The company said the event, which will be chaired by Jeremy Skillington, Chief Executive Officer, will provide insights into a number of POLB’s growing pipeline of infectious disease vaccines and treatments and one of its innovative artificial intelligence programmes which is unlocking the power of human challenge trial data.
East Star Resources (EST), the Kazakhstan-focused minerals exploration company, announced preliminary results from the helicopter-borne electromagnetic survey conducted between May and July 2022 over the Company’s five volcanic-hosted massive sulphide licences in the world-class Rudny Altai belt in Kazakhstan. The company said five ‘Priority 1’ targets generated – four of which are considered drill-ready. Three of these targets are on licences owned 100% by East Star and two are on the 80% East Star owned licences held in a joint venture with state owned mining company, Tau-Ken Samruk.
Crimson Tide (TIDE), the provider of the mpro5 smart app solution, announced a significant new and highly improved 3-year contract with an existing retail client. The contract, with a value of over £1m of high-margin revenue per annum, more than doubles the annual recurring revenue under the previous contract.
Future Metals (FME), provided an update on its ongoing drilling programme at its wholly owned Panton project. The company said it is incredibly encouraging to have its sulphide exploration programme continue to be validated with positive results. PS411 and PS412 open up a completely new target zone in the south, an area which was previously overlooked due to minimal outcropping chromite reef relative to the resource area in the north-east.
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