It is safe to say the City of London is back in full swing after an eerie hiatus with some familiar sights back with a bang: snaking queues at popular lunch spots (yes, Pipel I’m talking about you) and not to mention sandwich haven Pret, bankers supping lunchtime pints at Leadenhall and workers squeezed like sardines into the Waterloo & City line.
Here at St Brides, the team had its first face to face meeting with a client in almost 18 months, which was a welcome change from the default Zoom call. We are also busy prepping for some exciting IPO’s to come, so stay tuned! We are also pleased to report that we are settling back in well into our new offices on Throgmorton St and look forward to the full reinstatement of real-time client meetings, lunches and not to mention the all-essential cheeky after work glass of wine. It’s good to be back!
Client News:
Cora Gold Plc (AIM: CORA) reported its eleventh set of excellent drill results from its flagship Sanankoro Gold Project in Mali, including the assay results of the last 87 holes in the 2021 programme from the Selin and Zone A deposits. Phase 2 of the programme is focused on resource consolidation of the Selin, Zone A and Zone B1 pit shells. The most recent drill results include 11.5m @ 7.45 g/t Au, 11.5m @ 7.12 g/t Au from Selin, and 37m @ 2.39 g/t Au from 81m from Zone A. Since the start of Cora’s largest ever drilling campaign, 371 holes have been drilled to date totalling 42,346m, and diamond drilling is now focusing on metallurgical and geotechnical holes.
Additionally, Cora announced its unaudited interim results for H1 2021, which highlighted the expanded drill programme at Sanankoro and the highly encouraging results that have been delivered throughout the campaign. The Mineral Resource Estimate is currently being targeted for completion in H2 2021, with a Definitive Feasibility Study to follow in H1 2022.
Oracle Power PLC (AIM: ORCP) has announced the commencement of the drill programme at its Northern Zone Gold Project in Australia following the approval of its Programme of Work. The first phase of the drill programme aims to complete seven RC drillholes up to 260m deep for a total of 1,500m targeting gold mineralisation. This marks a significant step in advancing Oracle’s Western Australian gold assets. The programme is due to take around 2 weeks to complete with results expected 6-8 weeks after drilling ends.
Jubilee Metals PLC (AIM: JLP) announced more progress with its Zambian strategy with the completion of three strategic transactions increasing its beneficial interest across its copper and cobalt tailings projects. Combined, the transactions have an aggregate value of c. US$ 24.77 million (c. £ 17.83 million) and offers Jubilee the flexibility to better schedule the development of the various tailings projects. As such Jubilee will increase its investment into the Southern Refining Strategy by expanding Sable Refinery to increase the copper sulphide recovery circuit as well as expanding the cobalt recovery circuit. As part of the deal, £30 million was raised. A great deal all round!
Empire Metals PLC (AIM: EEE) announced the highly encouraging results of the recent technical review of the geology of its flagship Eclipse Gold Project. Following the appointment of additional key geoscientists to its exploration team in order to review the results of the completed drilling programmes, a strategic technical review has been underway to focus on the structural controls of known gold mineralisation and an appropriate exploration programme. Drilling has made clear that the mineralised system is much larger than initially thought with a potential total known strike length of around 500m. The next phase of exploration will focus on potentially establishing a larger mineralised inventory before starting further mine optimisation studies.
Kibo Energy PLC (AIM: KIBO) has signed a Heads of Terms with EQTEC plc, a world-leading gasification solutions company, to acquire a 54.54% interest in the proposed 25 MWe Billingham waste gasification and power plant at Haverton Hill, Teesside, UK. The project is at an advanced stage of development and is expected to process 200,000 tonnes of non-recyclable everyday Municipal Solid Waste into 25 Mwe of green electricity per annum, which is enough to power 50,000 homes. This marks a key milestone in Kibo’s new corporate strategy to solely invest in clean energy projects with a focus in the UK and Africa.
SEED innovations (AIM: SEED) announced an update on its holding in Factom Inc, which following the completion of the acquisition of Factom after being placed in Chapter 11, has resulted in SEED having the possibility to recoup some of its losses following the write down to £nil in April 2020.
Tirupati Graphite (LSE: TGR) has announced its first set of annual results as a listed company – a year of significant growth and developments across its multi-jurisdictional projects where considerable progress was made towards achieving its goal of becoming the pre-eminent supplier of sustainable graphite, graphene and advanced materials.
In case you missed it…
Anton du Plessis, CEO of Zinnwald Lithium interviews with Jeremy Naylor of IG: bit.ly/3AiHjxq
Listen to the latest updates from Jubilee Metals where CEO, Leon Coetzer, discusses the latest 3 acquisitions and £30m fundraise with Proactive: https://bit.ly/2Z1PZdY
Ed McDermott, CEO of SEED innovations, sits on an investor panel at the Cannabis Capital Markets Forum: https://bit.ly/3zH0MaH
Adam Davidson, CEO of Trident Royalties, participates in an Investor Evening Presentation with Shares Magazine: bit.ly/3nmWWAc
CEO of Caracal Gold PLC, Robbie McCrae, interviews with Proactive on it’s exciting month ahead: https://bit.ly/2VU6QOI
Sign up to Cora Gold’s exclusive Investor Presentation evening with CEO Bert Monro, to be held in the City of London on 22nd September and in Manchester on 27th September – please register your interest by the end of today to info@stbridespartners.co.uk
In the news this week:
Boris’s great reshuffle: Williamson gets the boot but looks who’s back…
Britian’s first gigafactory
The commodity ‘supercycle’ debate rages on
For the first time ever, Cambridge and Oxford Universities do not hold the top spot in The Sunday Times Good University Guide.
Independent retailers are filling the gaps left by chain stores on the UK’s high street, leading to the first rise in their numbers in four years.
Imperial pounds and ounces are to return to the UK as part of post-Brexit changes.
This week marks the start of London Fashion Week.
