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Share Price: 65.00
Bid: 60.00
Ask: 70.00
Change: 0.00 (0.00%)
Spread: 10.00 (16.667%)
Open: 65.00
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Low: 65.00
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IN BRIEF: Aterian hails "extremely encouraging" Tata test results

Mon, 16th Oct 2023 10:34

Aterian PLC - London-based, Africa-focused miner - Says latest sampling at Tata project, in southern Morocco's Anti-Atlas Mountains, reports up to 7.02% copper mineralisation within two stratigraphic horizons and visible on surface. Combined strike length with visible mineralisation extends over 18 kilometres. Data review indicates an as-yet untested strike length of around 26 kilometres in the prospective Adoudou formation and at least a further nine kilometres in the lower Cambrian Tata Group sediments.

Chair Charles Bray says: "These new results from the Tata project are extremely encouraging...We have created a strong asset portfolio in Morocco and are seeing positive results from our fieldwork on several projects. At Aterian, we firmly believe that projects like Tata have the potential to deliver tremendous value to the company, its shareholders and other stakeholders. They also allow us to potentially supply the metals and minerals critical for a switch to the electrification of society."

Current stock price: 1.00 pence, up 5.3% on Monday in London

12-month change: down 9.1%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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14 May 2024 19:41

TRADING UPDATES: Headlam warns of loss; EnSilica predicts revenue rise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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3 May 2024 18:02

IN BRIEF: Aterian raises GBP500,000 through issue of CLNs

Aterian PLC - investment company focused on African mineral resources - Issues GBP500,000 of convertible loan notes. The CLNs are priced at 0.7 pence each. Says it will use the CLN issue's net proceeds to accelerate the Agdz exploration drill programme in Morocco, advance operations in Rwanda and Botswana, and bolster its financial flexibility.

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2 May 2024 17:44

IN BRIEF: Aterian plans to raise GBP500,000 through issue of CLNs

Aterian PLC - investment company focused on African mineral resources - Plans to raise minimum of GBP500,000 through issue of convertible loan notes. Says CLN will be issued at fixed price of 0.70 pence each.

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1 May 2024 13:14

EARNINGS: Anexo revenue up; Maintel hails "confident start" to 2024

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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29 Apr 2024 16:28

TRADING UPDATES: Libertine's strategic review; One Health sales up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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8 Apr 2024 12:18

Aterian increases exploration landholdings in Botswana

(Alliance News) - Aterian PLC on Monday said the company now possesses ten mineral exploration licenses in Botswana.

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20 Feb 2024 13:54

IN BRIEF: Aterian notes copper mineralisation at Akka & West Tazalaght

Aterian PLC - London-based, Africa-focused mine - Says evidence of copper mineralisation has been identified within the Adoudou Formation sediments on both Akka and West Tazalaght projects in Morocco following initial reconnaissance work. Chair Charles Bray says: "The preliminary findings from these initial reconnaissance visits to Akka and West Tazalaght are encouraging and consistent with our recent exploration in the Anti-Atlas region, with evidence of copper mineralisation occurring throughout. We will now develop plans to explore and evaluate the potential of these specific projects. We hope that through a more systematic prospecting programme targeting the sedimentary-hosted copper opportunity across the region, we will be able to add to our extensive Moroccan exploration database."

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31 Jan 2024 14:29

EARNINGS AND TRADING: Hydrogen Future loss widens; Quantum revenue up

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10 Jan 2024 16:22

IN BRIEF: Aterian notes positive update on Rwanda pact with Rio Tinto

Aterian PLC - London-based, Africa-focused miner - Announces a positive update of field activities being undertaken by Rio Tinto Mining and Exploration Ltd on the lithium-focused earn-in investment and joint venture agreement in Rwanda. Notes its subsidiary, Kinunga Mining Ltd, is engaged in supporting Rio Tinto in staging the necessary equipment to establish a maiden drill program over the licence area in 2024. Sandy Walker, the programme manager, Rwanda for Rio Tinto explains exploration activities are now "safely underway, and we look forward to seeing the results of the data currently being collected."

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8 Jan 2024 11:49

Aterian acquires 90% stake in firm holding four exploration licences

(Alliance News) - Aterian PLC on Monday said it has agreed to acquire a 90% controlling interest in Atlantis Metals Pty Ltd, via a share purchase agreement.

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24 Oct 2023 17:27

EARNINGS AND TRADING: Fiske swings to profit, Aterian starts Rwanda JV

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News:

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28 Sep 2023 11:14

Aterian says half-year loss widens on higher costs

(Alliance News) - Aterian PLC on Thursday reported a widening of its interim loss as costs increased.

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13 Sep 2023 14:22

Aterian notes copper mineralisation at Zaer site on sampling results

(Alliance News) - Aterian PLC on Wednesday said sampling at its Zaer project in Morocco showed "strong indications" of copper mineralisation.

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