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Pin to quick picksCastillo Coppe. Share News (CCZ)

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UK TRADING UPDATE SUMMARY: CentralNic Happy With KeyDrive Performance

Mon, 02nd Nov 2020 21:56

(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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CentralNic Group PLC - domain name registry and registrar services firm - Says KeyDrive SA, bought in 2018, has performed well in financial 2019. As a result, USD2.2 million in additional consideration is payable to Inter.Services GmbH. CentralNic says USD336,750 will be settled in cash and the remainder via the issue of 1.7 million shares. Inter.Services may still earn up to USD1.4 million in additional consideration in future. "We have been delighted with the performance of KeyDrive ever since its acquisition over two years ago," says CentralNic Chief Executive Ben Crawford. Separately announces the completion of its acquisition of the Zeropark and Voluum businesses for USD36 million. "This earnings-enhancing acquisition will greatly complement our existing, fast-growing monetisation business, while providing numerous opportunities for revenue and cost synergies," says Crawford.

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Marlowe PLC - London-based safety & compliance services firm - Buys Black & Banton Occupational and Physical Health Ltd for an initial consideration of GBP1.1 million. Black & Banton provides occupational health services to businesses in the North of England and Scotland. For the year ended April 30, Black & Banton generated pretax profit of GBP400,000 on revenue of GBP1.7 million. The total enterprise value of up to GBP1.5 million includes a contingent cash earn-out of up to GBP400,000.

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Kefi Gold & Copper PLC - gold explorer in Ethiopia and Saudi Arabia - Confirms the recommencement of drilling at the company's Hawiah project in Saudi Arabia. "The Hawiah deposit remains open at depth and beyond the existing 4km strike. Increasing copper grades intersected in the previous deepest drill hole at the Camp Lode indicate an excellent opportunity to add additional high-grade copper-gold resources during this phase of drilling," says Executive Chair Harry Anagnostaras-Adams.

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Anglo Asian Mining PLC - copper & gold producer in Azerbaijan - Reports updated mineral resources and ore reserves for the Gedabek open pit and Gadir underground mine located at the company's Gedabek licence area in Western Azerbaijan. Says Gedabek open pit total mineral resources of 735,000 ounces of gold and 69,100 tonnes of copper. Says total mineral resources of 267,000 ounces of gold and 2,183 tonnes of copper for Gadir underground mine. "I am delighted to announce these latest JORC estimates for the Gedabek open pit and Gadir underground mines. These show the economically mineable Ore Reserves remaining in the open pit mine amount to 284,000 ounces of gold and 26,000 tonnes of copper. The economically mineable Ore Reserves for the Gadir underground mine amount to 49,000 ounces of gold and 191 tonnes of copper," says Chief Executive Reza Vaziri.

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Adriatic Metals PLC - Cheltenham-based exploration & development firm - Has entered into a Deed of Settlement and Release with Sandfire Resources Ltd, where both parties have agreed to settle the dispute relating to proceeding CIV 1820 of 2020 brought by Sandfire against Adriatic in the Supreme Court of Western Australia. Sandfire has agreed to pay Adriatic AUD8.6 million in cash for the issue of 4.8 million chess depository interests in the company, pursuant to Sandfire's anti-dilution right under the previously announced collaboration and strategic partnership deed.

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Yamana Gold Inc - Canadian-based precious metals producer - Agrees to buy all of the outstanding shares of Monarch not already owned by Yamana under a plan of arrangement for consideration, including cash and shares, of approximately CAD152 million. "The acquisition provides Yamana with a high-quality project with a significant mineral reserve and mineral resource base and excellent potential for further expansion," the company says.

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Castillo Copper Ltd - Australia and Zambia focused base metal explorer - Reports "encouraging" results from a recently completed systematic infill soil sampling campaign at its 100% owned Mkushi Project in Zambia's copper-belt. Says results confirmed eight target areas with significant copper anomalism and strike lengths. "We continue to make good progress in Zambia across multiple assets. These soil anomaly results from Mkushi are highly encouraging since they extend mineralisation along strike from a known operating copper mine," says Castillo Copper's UK-based director Ged Hall.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
22 Mar 2024 17:11

Castillo Copper completes sale of two Broken Hill exploration licences

(Alliance News) - Castillo Copper Ltd on Friday said it completed the sale of two exploration licences at the Broken Hill project in the Kabwe district of Zambia.

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14 Mar 2024 20:56

EARNINGS AND TRADING: Castillo losses double; GCP proposes wind-down

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

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11 Jan 2024 14:29

Castillo Copper says Rimfire deal will help prioritise "core" assets

(Alliance News) - Castillo Copper Ltd on Thursday said it had sold two of its Zambian exploration licences to Rimfire Pacific Mining Ltd.

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15 Dec 2023 14:16

IN BRIEF: Castillo Copper director becomes non-executive to trim costs

Castillo Copper - base metal explorer primarily focused on copper across Australia and Zambia - Says Interim Executive Director Jack Sedgwick has transitioned to the role of non-executive director, effective immediately, as streamlining to save annual costs. Says this shows its "commitment to cost efficiency." Sedgwick had originally been appointed as interim executive director in late October after

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15 Nov 2023 15:51

UK shareholder meetings calendar - next 7 days

Thursday 16 November 
Close Brothers Group PLCAGM
Craneware PLCAGM
Critical Mineral Resources PLCAGM
Dunelm Group PLCAGM
Eagle Eye Solutions Group PLCAGM
FW ThorpeAGM
JD Wetherspoon PLCAGM
Kier Group PLCAGM
Marble Point Loan Financing LtdAGM
MJ Gleeson PLCAGM
Origin Enterprises PLCAGM
Ricardo PLCAGM
Smiths Group PLCAGM
Friday 17 November 
Future Metals NLAGM
Red Rock Resources PLCGM re allot equity securities
Rockpool Acquisitions PLCAGM
Saietta Group PLCGM re annual accounts and reappointment of auditors
US Solar Fund PLCGM re change of investment policy
Monday 20 November 
Hellenic Dynamics SAGM re share subdivision and share reclassification
McBride PLCAGM
Mountview Estates PLCGM re re-election of directors
Ondo InsurTech PLCAGM
Rainbow Rare Earths LtdAGM
Seraphim Space Investment Trust PLCAGM
Tuesday 21 November 
Berkeley Energia LtdAGM
Currys PLCGM re proposed disposal of Kotsovolos
Custodian Property Income REIT PLCGM re articles of association
Physiomics PLCAGM
Starvest PLCGM re cancellation of listing
Trainline PLCGM re capital reduction
Wednesday 22 November 
Castillo Copper LtdAGM
Celtic PLCAGM
Crystal Amber Fund LtdAGM
Genus PLCAGM
GreenX Metals LtdAGM
Leeds Group PLCAGM
Wilmington PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 Oct 2023 14:40

EARNINGS AND TRADING: Cambridge Cognition launches AQUA solution

(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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17 Oct 2023 11:39

Castillo Copper sees shares slip on strategic asset portfolio review

(Alliance News) - Castillo Copper Ltd on Tuesday said that it has started a wholesale strategic asset portfolio review in order to decide the best path forwards following a number of management changes.

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10 Oct 2023 13:38

Castillo Copper Managing Director Dennis Jensen steps down

(Alliance News) - Castillo Copper Ltd on Tuesday said Managing Director Dennis Jensen has resigned and that it plans to review its portfolio and plans "in the coming weeks."

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3 Oct 2023 19:35

IN BRIEF: Castillo Copper pretax loss multiplies on impairment charge

Castillo Copper Ltd - base metal explorer primarily focused on copper across Australia and Zambia - Reports revenue in the year to June 30 of USD15,615, down sharply from USD145,218 the year before. Takes impairment of exploration expenditure of USD5.7 million compared to zero before. As a result, pretax loss multiplies to USD6.9 million from USD1.7 million with basic and diluted loss per share 0.53 cents compared to 0.13 cents. Says core theme remains to align with strategic development partners to optimise the value creating potential from the current asset portfolio. Will consider any outright offer to acquire one of the assets based on its merits.

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24 Jul 2023 10:39

Castillo Copper retracts production targets announcement on ASX rules

(Alliance News) - Castillo Copper Ltd on Monday saw its shares take a tumble, after it retracted an announcement made earlier in July, in which it based production targets on an inferred resource.

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24 Jul 2023 09:24

SMALL-CAP WINNERS & LOSERS: S4 Capital shares drop as guidance lowered

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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13 Jul 2023 14:02

Castillo Copper study shows AUD28 million value for Big One deposit

(Alliance News) - Castillo Copper Ltd on Thursday said it has received a preliminary pit optimisation study on the Big One deposit, at its NWQ project, showing a net present value of AUD28 million, around GBP14.7 million.

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14 Jun 2023 12:06

IN BRIEF: Castillo "pleased" by metallurgical test work at Broken Hill

Castillo Copper Ltd - Base metals explorer focused on copper across Australia and Zambia - Receives preliminary report from the Australian Nuclear Science & Technology Organisation, concerning metallurgical test-work performed on six samples from Fence Gossan, Reefs and Tors Tanks prospects in the Broken Hill Alliance project in New South Wales. Total rare earth element plus yttrium grades ranged from 227 to 1,632 parts per million. Yttrium is a rare earth element. Proportion of high-value magnetic rare earth oxides to total rare earths oxide ranged from 22% to 27%. Best total rare earth element plus yttrium extraction was 30%, using a direct leach process at pH 1. Board is reviewing next steps proposed by ANTSO, including trialling alternate leach tests to improve extraction results. Entech Mining Ltd meanwhile is completing pit optimisation and mine design study for Big One deposit. Castillo's geology team is close to finishing an update on the 2017 mineral resource estimate for Cangai Copper Mine in New South Wales.

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14 Jun 2023 09:19

SMALL-CAP WINNERS & LOSERS: Robert Walters drops on lowered outlook

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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26 Apr 2023 18:45

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

(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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