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Pin to quick picksEast Star Reso Share News (EST)

Share Price Information for East Star Reso (EST)

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Share Price: 3.60
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TRADING UPDATES: Alternative Income profit up; BiVictrix loss widens

Mon, 07th Mar 2022 19:26

(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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Alternative Income REIT PLC - London-based real estate investment company - As at December 31, net asset value per share rises 6.7% year-on-year to 90.38 pence from 84.68p, despite dip in property portfolio value of GBP107.7 million across 18 properties from GBP108.5 million across 19. For the six month period, pretax profit more than doubles to GBP6.2 million from GBP3.0 million, while net rental income edged upwards to GBP3.7 million from GBP3.5 million. Increases dividend per share by 16% to 2.60 pence from 2.25p a year prior.

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Downing Renewables & Infrastructure Trust PLC - investor in solar parks, wind farms and hydroelectric plants - As at December 31, net asset value per share at 103.5 pence, up from 98.0p at October 8, 2020, which is the company's incorporation. Portfolio generation stands at 195 gigawatt-hours, 4.7% above expectations, from a portfolio made up of 3,234 operating assets.

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BiVictriX Therapeutics PLC - Cheshire, England-based biotechnology company - For 2021, pretax loss widens to GBP2.5 million from GBP509,000, due to higher R&D, and administration costs, as the company continues to work on its lead programme, BVX001. As at December 31, holds a cash position of GBP6.1 million from GBP862,000 the prior year.

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Argo Blockchain PLC - London-based cryptocurrency miner - For February, mines 135 bitcoin, down from 172 BTC in January due to record high global hashrate and an increase in network difficulty. In addition, the company's facilities in Mirabel and Baie Comeau, Canada were subject to significant curtailment due to cold winter conditions. As a result, mining revenue drops 21% to GBP4.2 million from GBP5.3 million.

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Gore Street Energy Storage Fund PLC - London-based fund investing in energy storage assets - As at December 31, net asset value per share is 103.9 pence, up from 103.3p at the end of September 30, due to a strong performance from the company's assets in the UK and Ireland.

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Touchstone Exploration Inc - Calgary, Canada-based upstream oil and gas company - 3P gross reserves end 2021 at 121.3 million barrels of crude oil equivalent, up 21% from year prior, while 2P gross reserves increase by 16% to 75.5 million barrels of crude oil equivalent and 1P gross reserves increase by 13% to 38.7 million barrels of crude oil equivalent. Chief Executive Paul Baay says: "Our 2021 independent reserves evaluation confirms the significant opportunities at our Ortoire property and the profitability of all of our assets in Trinidad.

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TransGlobe Energy Corp - Calgary, Canada-based oil exploration and production company - For 2021, proved, developed and producing gross reserves increase 30% to 19.9 million barrels of oil equivalent, compared to 15.3 million barrels in 2020. Net present value of future revenue more than doubles to USD423 million from USD198 million.

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Maven Income & Growth VCT 3 PLC - UK-based venture capital trust - As at November 30, net asset value per share rises to 62.55 pence from 56.27p. Declares final dividend of 1.50 pence per share for the year, bringing the total payout to 4.75p

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East Star Resources PLC - Kazakhstan-focused gold and copper explorer - Following the completion of processing of 481 square kilometres of close spaced drone magnetic flown in September over the Dalny licence, identifies 11 target areas prospective for gold mineralisation along prospective sections of the first order. Zhenis gold target with geochemical and induced polarisation anomalies is now structurally interpreted as a 9 kilometre long and up to 900 metre wide area of structural complexity.

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Mosman Oil & Gas Ltd - Sydney-based oil and gas company - Announces initial production from the Winters-2 well in East Texas, with a flow rate of 545,000 cubic feet per day, around 105 barrels of oil equivalent.

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Zephyr Energy PLC - London-based oil and gas investment company - Although consulting firm Sproule International is continuing its work on the Competent Persons Report for the Paradox Basin in Utah, several factors including the CPR's scope and increased activity in the North American oil & gas sector has led to a short delay in the report's completion.

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Oracle Power PLC - London-based power and natural resource project developer with projects focused in Pakistan - Completes maiden drill programme at its Jundee East gold project in Australia, which had the objective of confirming the presence of an unrecognised greenstone belt. The first pass reverse circulation programme consists of 54 holes to a maximum depth of 153 metres for a total of 3,830m. Diamond drilling to start at the Northern Zone to improve the company's understanding of the extent of the project.

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Wishbone Gold PLC - Gibraltar-based precious metals trading and exploration company - Confirms that a heritage clearance survey has been confirmed for March 28 to April 2 at Red Setter and Cottesloe projects. which is for reverse circulation drilling over the seven geophysical targets.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
23 Apr 2024 13:03

Getech inks deal with East Star to locate porphyry copper deposits

(Alliance News) - Getech Group PLC on Tuesday said it has struck a deal with East Star Resources PLC to locate porphyry copper deposits in Kazakhstan.

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18 Apr 2024 11:50

East Star Resources shares fall despite narrowed loss

(Alliance News) - East Star Resources PLC shares fell slightly on Thursday, after it reported no revenue and a narrowed annual loss.

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3 Apr 2024 12:37

East Star shares soar as company welcomes offers for Verkhuba deposit

(Alliance News) - East Star Resources PLC on Wednesday said it had initiated a formal process for a potential joint venture, sale, or farm-out of the Verkhuba copper deposit after receiving interest from several parties.

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20 Mar 2024 14:05

East Star wins second exploration licence at Kazakh project

(Alliance News) - East Star Resources PLC on Wednesday said it has been awarded its second copper porphyry exploration licence under a new exploration strategy in Kazakhstan.

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11 Mar 2024 14:30

IN BRIEF: East Star Resources remains confident in "attractive" Verkhuba

East Star Resources PLC - Kazakhstan-focused gold and copper exploration and development company - Updates resources model for Verkhuba copper deposit on the Rudny Altai volcanic massive sulphide belt in Kazakhstan. "The results of the remodelling have provided the company with a higher degree of confidence in the historical data and the development potential of the deposit," East Star says. It adds that it instructed AMC Consultants Pty Ltd to undertake work to produce a maiden JORC inferred resources. It expects this to take around one month, and to be ready before the start of the 2024 field season.

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29 Feb 2024 19:42

EARNINGS AND TRADING: East Star, Getech strike Kazakhstan JV

(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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28 Feb 2024 18:13

TRADING UPDATES: AB Dynamics trades in line; Verditek sells solar arm

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

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22 Jan 2024 19:11

IN BRIEF: East Star Resources wins exploration grant from BHP

East Star Resources PLC - London-based Kazakhstan-focused gold and copper exploration and development company - Wins grant of up to USD500,000 from BHP under the 2024 BHP Xplor programme to initiate a copper porphyry exploration strategy in Kazakhstan. The grant will provide funding to advance East Star's copper porphyry exploration strategy. Chris van Wijk, a geologist who developed the strategy with East Star, will join its board as non-executive director. Chief Executive Alex Walker says: "This is an exciting new strand to our copper strategy as we progress both porphyry and VMS exploration."

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12 Dec 2023 10:48

IN BRIEF: East Star hails open pit potential of Verkuba copper deposit

East Star Resources PLC - London-based Kazakhstan-focused gold and copper exploration and development company - In an update on the assays from drilling at the Verkhuba copper deposit on the Rudny Altai volcanogenic massive sulfide belt, says it confirms the potential for resource development by way of open pit mining. Finds 92.5 metres of mineralisation recorded above a cut-off grade of 0.38% copper equivalent i.e. copper, lead, zinc and silver. Finds thick and high-grade intersections within the conceptual open pit shell modelled by independent consultants. Says high-grade mineralised zones match well with high-grade zones identified in over 42,000 metres of historical drilling. Finds predominantly copper mineralisation with up to 6.6% zinc identified in some intersections and notes extensive previously unidentified lower-grade mineralised envelopes around higher-grade intersections. Says gold offers potential for additional upside once assays are complete.

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27 Nov 2023 10:07

IN BRIEF: East Star soars on high grade mineralisation at Talovskoye

East Star Resources PLC - London-based Kazakhstan-focused gold and copper exploration and development company - Says sampling at the Talovskoye prospect on the Rudny Altai volcanic massive sulphide belt in Kazakhstan has identified high grade copper-silver mineralisation, about 17 kilometres from the Nikolovskoye processing plant. Samples include 6.3% and 8.4% of copper. Says further exploration will take place on the target, with drilling schedules for 2024. Chief Executive Officer Alex Walker said: "The Talovskoye copper/silver prospect is shaping up to be another very interesting target within our volcanic massive sulphide portfolio. The detailed mapping undertaken this year has informed our geological understanding and strengthened our view that this is a prospect we should be drilling at the nearest opportunity."

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14 Nov 2023 16:23

TRADING UPDATES: Technology Minerals, Beeks Financial hail deal wins

(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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2 Oct 2023 21:43

IN BRIEF: East Star reports interim loss; focused on Verkhuba

East Star Resources PLC - exploring for copper and gold in Kazakhstan - On Friday, reports a pretax loss of GBP260,000 in the six months ended June 30, compared to a loss of GBP2.1 million in the six months ended May 31, 2022. Says the first half of 2023 has seen "intense" operational activity. Awaiting assays from drilling at Verkhuba copper deposit. Says understanding and advancing the opportunity at Verkhuba is "number one priority" in the coming months.

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2 Oct 2023 12:50

East Star Resources raises GBP540,000 via placing of shares at 1.5p

(Alliance News) - East Star Resources PLC on Monday said that it has raised gross proceeds of GBP540,000 via a placing of 36.4 million new shares at 1.5 pence each.

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20 Sep 2023 19:15

TRADING UPDATES: Thor Energy fundraise to support drilling activities

(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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10 Jul 2023 10:31

East Star to begin site works on Verkuba exploration project

(Alliance News) - East Star Resources PLC on Monday said it will begin initial site works at its Verkuba copper deposit this week.

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