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Pin to quick picksCastillo Coppe. Share News (CCZ)

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TRADING UPDATES: Ecora portfolio additions up, Gem Diamonds carats up

Wed, 26th Apr 2023 18:45

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

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Dar Global PLC - luxury international real estate developer - In a trading statement, reports revenue in the first quarter of 2023 of USD35.1 million, compared to USD80.0 million across the whole of 2022. First quarter profit before exceptional items is USD3.9 million compared to a loss of USD100,000 across 2022. Dar Global started trading on the London Stock Exchange in late February after its initial public offering. Chief Executive Officer Ziad El Chaar says: "Since listing, we have unveiled several exciting new developments and partnerships which continue to set Dar Global's business apart. These include the launch of AIDA in Oman, Dar Global's first integrated master plan and DG1, our first own-brand luxury living concept in Dubai's Business Bay district. During the year, we are planning to further expand our luxury brand portfolio offering with prestigious projects in the Spanish regions of Benahavis and Finca Cortesin, which will be developed in collaboration with world renowned luxury brands [...] These projects position Dar Global as a highly differentiated leader in luxury property development, well-prepared to navigate the wider macro-economic uncertainties and deliver sustainable growth for our shareholders. We are pleased with our progress to date on all our projects, sales continue to perform in line with our expectations and we are confident about our prospects given the markets we have chosen to be active in."

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Ecora Resources PLC - London-based natural resources royalty company - First quarter portfolio contribution is USD29.6 million, up 66% from the fourth quarter of 2022, due to "a combination strong steel making coal prices and higher saleable production from Kestrel", with around 850,000 tonnes derived from the group's private royalty area. Chief Executive Officer Marc Bishop Lafleche says: "The portfolio delivered in-line with our expectations for the quarter. Over the next twelve months the producing royalty portfolio is expected to deliver organic growth at Mantos Blancos, Voisey's Bay and from the Maracas Menchen ilmenite plant. In the second half of the year we also expect to see a number of key milestones at development projects including Piaui, Santo Domingo and Mantos Blancos phase 2." Adds: "At West Musgrave, we are delighted that we will have BHP, one of the world's largest diversified mining companies, as a partner during the construction of the copper-nickel mine and its subsequent operation over an expected 24 year mine life, with further production as well as life-of-mine extension upside potential."

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Gem Diamonds Ltd - diamond producer with diamond mining operations in Lesotho and Botswana - Sells 25,687 carats in the first quarter of 2023, up 14% from 22,509 carats in the fourth quarter of 2022. First quarter total value is USD36.7 million, up 13% from USD32.4 million in the fourth quarter. Ore tonnes treated is up 6% to 1.3 million from from 1.2 million, while waste tonnes stripped is up 45% to 2.5 million from 1.7 million.

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Brickability Group PLC - Bridgend, Wales-based construction materials distributor - Expects revenue in the year that ended March 31 of GBP681 million, up 31% from GBP520 million a year earlier, Expects adjusted earnings before interest, tax, depreciation and amortisation of not less than GBP50 million. Says this is above current market expectations. Says it remains confident that the group is well placed to continue delivering on its strategic objectives and the underlying organic growth of the business. Also notes acquisition pipeline "remains strong with the company assessing a number of potential opportunities in line with Brickability's stated strategy to provide geographic and product expansion".

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Castillo Copper Ltd - base metal explorer primarily focused on copper across Australia and Zambia - Says diamond core assays from the Tors Tank prospect in New South Wales "boosts confidence in the shallow, clay-hosted, rare-earth element discovery". Best intercept is 13 metres at 1,550 parts per million total rare earth oxides from 5 metres. At NWQ copper project in Queensland, says geology team will be undertaking site visits to several prospects - including Big One, Arya and Valparaisa - during the first half of 2023 to identify new drill targets.

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88 Energy Ltd - Australia-based, Alaska-focused oil explorer - Says Project Longhorn produces 425 barrels of oil equivalent per day gross in the first quarter of 2023.

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By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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7 Nov 2022 20:58

IN BRIEF: Castillo Copper gets solid results from test work at BHA

Castillo Copper Ltd - Perth, Australia-based exploration company focused on copper across Australia and Zambia - Says its inaugural cobalt-focused drilling campaign in Australia at the BHA project started. Adds that metallurgical test-work delivered "solid" beneficiation results for cobalt-copper-gold. Says that its main focus remained on developing the cobalt potential at the east zone of the Cobalt project recently.

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24 Oct 2022 14:14

IN BRIEF: Castillo Copper hails promising results at Fence Gossan

Castillo Copper Ltd - Perth, Australia-based exploration company focused on copper across Australia and Zambia - Updates on drilling results at Fence Gossan Prospect within the BHA project's East Zone. Says positive initial observations are comparable to Tors Tank Prospect. "Subject to confirmation from final assay results, the geology team believe there is potential for cobalt, copper-gold and rare earth elements mineralisation," Castillo says.

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12 Oct 2022 21:46

TRADING UPDATES: Coral Products buys Ecodeck; Evgen Pharma recruits

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

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(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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3 Oct 2022 14:38

EARNINGS UPDATES: Codex bets on renewables; UK Commercial hails growth

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday, or in the case of UK Commercial Property REIT Ltd last Friday, and not separately reported by Alliance News:

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31 Aug 2022 21:41

TRADING UPDATES: ImmuPharma waits on FDA; IDE Group waits on audit

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9 Aug 2022 15:11

Castillo Copper finalises targets for drilling campaign at BHA Project

(Alliance News) - Castillo Copper Ltd on Tuesday announced it has finalised its targets for its upcoming drilling campaign at the BHA Project's East Zone, located near Broken Hill in New South Wales.

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2 Aug 2022 18:20

IN BRIEF: Castillo results deliver solid upgrades at Broken Hill

Castillo Copper Ltd - Perth, Australia-based exploration company focused on copper across Australia and Zambia - Says several rounds of preliminary metallurgical test-work on BH1 drill holes at The Sisters Prospect, near Broken Hill, within its BHA project in Australia produced excellent results for cobalt-copper-gold.

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22 Jul 2022 12:22

Castillo Copper hails standout cobalt intercepts at BHA project

(Alliance News) - Castillo Copper on Friday reported several "standout" intercepts of cobalt at the East Zone of its BHA project.

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19 Jul 2022 20:01

TRADING UPDATES: Capital backs outlook; Northcoders trades well

(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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22 Jun 2022 11:17

IN BRIEF: Castillo Copper grants Zambia option to planned AIM listing

Castillo Copper Ltd - Perth, Australia-based exploration company focused on copper across Australia and Zambia - Grants London-based Hyperion Copper Ltd a 12-month option to acquire 100%-owned subsidiary Zed Copper for GBP3.8 million. Zed Copper owns four projects in Zambia's copper-belt, including the Luanshya and Mkushi projects. Hyperion will pay a non-refundable fee of USD100,000 for the exclusive option, and if it chooses to exercise, will issue shares worth GBP2.5 million to acquire 100% of Zed Copper's share capital. Castillo will a receive further GBP1.5 million in Hyperion shares upon a global mineral resource estimate which delinates 200,000 tonnes of contained copper metal.

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7 Jun 2022 21:15

IN BRIEF: Castillo Copper plans drilling programmes at BHA project

Castillo Copper Ltd - Perth, Australia-based exploration company focused on copper across Australia and Zambia - Says its geology team is defining an exploration target at the east zone of the BHA Project following a shallow interred mineral resource estimate at the site. The team is also finalising planning and approvals for two reverse circulation drilling programmes focusing on the east and west zones.

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1 Jun 2022 12:23

IN BRIEF: Castillo Copper rises with encouraging mineral estimate

Castillo Copper Ltd - Perth, Australia-based exploration company focused on copper across Australia and Zambia - Receives encouraging results from maiden mineral resource estimate for east zone of Broken Hill cobalt project in New South Wales, Australia. Estimate at 64 million tonnes at 318 parts per million in cobalt for 21,556 tonnes. Plans to extend known cobalt mineralisation with primary targets already factored into a drilling campaign. Intends to open discussions with potential off-take partners keen to lock in future cobalt supply chains.

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