As the tranquillity of the last long summer evenings draw to a close, children pick up their backpacks and books ready to head back to school, it seems as though September has officially arrived.
Whilst parents get to grips with the new school timetable and navigate the queue to buy that perfect pair of new school shoes, can we quietly hope that this is a sign of some normality returning to our lives? Just as the school children lay out their crisp new uniforms and pack their supplies ready for the week ahead, us adults prepare ourselves for going back into the office at last: digging up our long-forgotten attire to replace the zoom-appropriate loungewear, dusting off those bubble wrapped screens, and getting a new desk plant that you are determined to keep alive this time.
St Brides, like many others, are settling into a brand new office, ready to get the team back together for some real face time – no video screens or joining links to be found. The buzz as the City begins to fill up again is as palpable as those first day back at school jitters with everyone getting back to grips navigating the morning commute, finding that go-to lunch spot, and ending a long hard day over a shared bottle of wine at your favourite local haunt with your colleagues. All of the small things that we took for granted as part of our normal two years ago are slowly reassuming their places back in our lives and we at St Brides can’t wait to return to the fray and see some familiar faces and meet some new ones!
Tirupati Graphite Plc (LSE: TGR) welcomed the news that it has completed the installation and commissioning of its first 9,000 tpa flake graphite module at its Vatomina Project (‘Vatomina’) in Madagascar. Shishir Poddar, CEO, called the announcement “an important milestone as it now brings both our Madagascan projects into operation and advances us on our journey of becoming a material global supplier of sought-after Madagascan flake graphite.” The completed installation brings the total production capacity in Madagascar to 12,000 tpa on the path to reaching total production capacity of 84,000 tpa by 2024.
Other highlights included equipment testing, dry and wet commissioning trials completed successfully, and the Stockpiling of finished products commenced with first shipment to fulfil pre-orders received by the Company from customers in Europe, USA and Asia expected within 2 weeks generating first revenues from Vatomina.
Cora Gold Limited (AIM: CORA) provided an update on the Definitive Feasibility Study for its Sanankoro Gold Project in southern Mali. Highlights included the appointments of key consultants and contractors to lead the DFS on Sanankoro which include Mr Russell Bradford being appointed as Project Manager to manage the DFS. Bert Monro, CEO, commented, “We have assembled a team of highly regarded consultants and contractors, all leaders in their respective fields with extensive experience in the West African region; I look forward to working closely with them as we advance the various work streams involved to publish the DFS in as short time frame as practicable.”
The DFS will build upon the successful Scoping Study announced in January 2020, the results of which demonstrated the Project’s future economic potential at US$1,500/oz gold, including: 107% Internal Rate of Return.
Cora also announced it has signed a new US$25m (US$12.5m Equity Financing, US$12.5m Convertible Financing) Mandate and Term Sheet with investment firm, Lionhead Capital Advisors Proprietary Limited, to fund the future development of Cora’s flagship Sanankoro Gold Project in Southern Mali. Bert Monro, CEO, commented “The updated Term Sheet with Lionhead is a fantastic demonstration of their support for Cora and importantly, further de-risks the Sanankoro Gold Project.” The term sheet is conditional on the completion of a Definitive Feasibility Study on the Project before the end of June 2022.
Empire Metals Limited (AIM: EEE) welcomed the appointments of Ed Baltis, as Exploration Consultant, and Louisa Stokes as Exploration Geologist. Shaun Bunn, Managing Director, called the annoucment a “significant milestone for the Company.”.
Ed Baltis has an extensive knowledge on the geology within the Archaean Yilgarn Craton and its mineral potential with expertise in orogenic gold systems, as well as notable operational experience having managed and led exploration campaigns for a diverse range of commodities throughout Australasia, Africa and the Americas.
Louisa Stokes is a PhD Candidate (Applied Geology) at Curtin University, Perth, Western Australia. She graduated from the Royal School of Mines, Imperial College London with a MScs Geology (1st Class with Honours) in 2010 before embarking on a career as an Exploration Geologist working in places such as Armenia, Liberia and Mali for gold explorers and producers.
Zinnwald Lithium Plc (AIM: ZNWD) announced strong Interim Results for the six-months ended 30 June 2021. announced strong Interim Results for the six-months ended 30 June 2021.
In summary, Zinnwald Lithium are positioned to capitalise on unlocking the full potential of the Zinnwald Lithium Project having acquired remaining 50% of Deutsche Lithium GmbH.The company has identified and are implementing key work streams to advance the Project towards production including undertaking test work to ascertain the commercial viability of producing a wider range of lithium compounds. Other highlights consist of increased overall resource by over 50% to greater than 1 million tons contained lithium carbonate equivalent having been granted a new exploration licence and undertaking further work on exploration licence areas to further evaluate their potential and how they can enhance the Project. Zinnwald Lithium continue to maintain disciplined approach to expenditure and cash management and as such is well funded into 2022, with current cash of €2.3m
Katoro Gold plc (AIM: KAT) provided its unaudited results for the six months ended 30 June 2021. Katoro has raised £960,000 (gross) through a placing and subscription of 48,000,000 new ordinary shares of 1.00p each in the capital of the Company at 2.00p per share.
Katoro is currently in the processes of compiling a comprehensive funding package in accordance with the Blyvoor Joint Venture (“the JV”) that will allow the construction, commissioning and operation of a mining and processing facility capable of processing 500,000 tonnes of tailings material per month.
Further operational updates include new drilling results from the RAB drill programme carried out at the Haneti project, which confirmed the results from previous exploration work done, subsequently refined planning and budgeting of the diamond drilling programme as well as the selection and engagement process for a suitable drilling contractor has been submitted for review and approval.
Caracal Gold plc (LSE: GCAT) is pleased to announce an update on operations at its producing Kilimapesa Gold Mining and Processing Operations in Kenya, where it is advancing a phased mine optimisation strategy. Highlights of the update include the appointment of additional exploration geologist, a corporate office opening in Nairobi and listing on the Nairobi Securities Exchange progressing.
SEED Innovations Limited (AIM: SEED) has provided an update about its portfolio company, Little Green Pharma Ltd, who completed its first product shipment of its own branded cannabis flower medicines to the Australian market from its newly acquired Danish Facility. SEED also noted two key appointments, Morten Snede, former Managing Director of LGP’s Danish Facility, as CFO and Tony Roberts, former Managing Director of Tasmanian Botanics, as its General Manager (EU).
In case you missed it…
Technical Director of Caracal Gold, Gerard Kisby-Green, interviews with VSA Capital on their plans for growth: https://bit.ly/38Oukr6
Bert Monro, CEO of Cora Gold interviews with Donal Leggat of London South East on the latest developments at Sanankoro: https://bit.ly/3zQNHvv
CEO of Cora Gold, Bert Monro, also interviews with Zak Traders Café on the latest DFS update: bit.ly/3jNJYtp
Shishir Poddar of Tirupati Graphite interviews with Director Talks on increasing production: https://bit.ly/3E4raxO
Shishir Poddar of Tirupati Graphite interviews with Proactive on acquiring the latest Mozambique asset: https://bit.ly/3z05qQ0
CEO, Ed Mcdermott, of SEED Innovations speaks at the Cannabis Capital Markets Forum 2021: https://bit.ly/3zH0MaH
In the news this week…
Disquiet over Scottish independence vote strategy clouds SNP conference.
Discover the world’s largest urban rooftop farm.
If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates.
Terms of Website Use
All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned