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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
Bid: 3.50
Ask: 3.70
Change: -0.10 (-2.70%)
Spread: 0.20 (5.714%)
Open: 3.70
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TRADING UPDATES: Tasty sales rise; Synectics wins National Grid deal

Tue, 08th Mar 2022 12:33

(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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Tasty PLC - London-based casual dining restaurant operator - Says revenue in year ended December 26 amounts to GBP34.9 million, up 44% from GBP24.2 million. Revenue reaches 78% of pre-pandemic level of GBP44.6 million. Expects a swing to adjusted earnings before interest, tax, depreciation and amortisation of GBP8.0 million, from GBP2.7 million loss. "In addition, there has been a recruitment drive to strengthen the head office team and operational structure. This increase in head count will facilitate a measured expansion plan for a pipeline of five to six new units this year and a refocus on takeaway and delivery which, following the lifting of Covid restrictions, due to employee shortages has once again become secondary to the dine-in trade," Tasty adds.

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Synectics PLC - Sheffield, England-based provider of security systems - Awarded "substantial long-term contract" to supply security management software support to National Grid PLC. Total value of contract is confidential but Synectics expects to recognise GBP600,000 revenue this financial year.

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Blencowe Resources PLC - miner focused on developing the Orom-Cross graphite project in Uganda - Says "extensive" infill drilling programme completed in 2021 to provide updated JORC resource estimate to go towards pre-feasibility study at Orom-Cross. Work is "underway" to delivery the study by the mid-year target date.

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Anglo Asian Mining PLC - gold, copper and silver producer focused in Azerbaijan - Affirms that company and operations in Azerbaijan unaffected by sanctions imposed on Russian state, companies and individuals. "The company expects no material impact on its supply chain or operations due to the conflict in Ukraine, but will continue to monitor events on a regular basis," Anglo Asian adds.

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Zinnwald Lithium PLC - High Wycombe, England-based mineral exploration and development company - Test work finds production of battery grade lithium hydroxide from zinnwaldite concentrate is economically viable. Test work also confirms Zinnwald lithium project in Germany can produce "high-quality by-products", including potassium sulphate and precipitated calcium carbonate.

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East Star Resources PLC - Kazakhstan-focused gold and copper explorer - Says historical drill results at Eshkilitau II target in Kazakhstan "confirm the presence of a high-grade gold system". Drilling was conducted between 2005 and 2006.

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Harvest Minerals Ltd - Arapua fertiliser project in Brazil - Says accumulated orders for 2022 as of end of February total 30,161 tonnes, up more than eleven-fold compared to internal forecasts. Also represents 20% of 2022 sales target of 150,000. In addition, Harvest says is in "well advanced" stage of planning capacity increase to 200,000.

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NWF Group PLC - Nantwich, England-based agricultural feed, food and fuel distributor - Says strong first half carries over into second half of year ending May 31. Expects annul results to be "significantly" ahead of board expectations. Notes Russia invasion of Ukraine has lifted oil prices. "To date, there have been no major supply issues and we continue to meet demand across the country," NWF says on its fuels arm. Feed commodity prices have also risen, NWF notes, something that will be "more keenly" felt in summer trading as raw material purchases for winter have already been made.

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Ixico PLC - London-based neuroscience data analytics company - Selected by existing US biotechnology client to provide positron emission tomography, or PET, and magnetic resonance imaging, or MRI, neuroimaging services. Ixico to provide services for a phase I/II dose finding study evaluating a gene-therapy drug candidate in adult subjects with early signs of Huntington's disease. Pact is worth GBP800,000 and trial runs for five years.

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Triple Point Social Housing REIT PLC - London-based real estate investment trust - Eyes altering investing policy, following consultation with a number of shareholders, board and investment manager. Also mulling removal of minimum lease term restriction. Proposes change to allow company to take on costs of funding planned maintenance. Triple Point Social would also like to enter into leases which have upward only adjustments, "tracking either inflation or central housing benefit policy". Changes to be proposed at annual general meeting on May 27.

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By Eric Cunha; ericcunha@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.

Read more
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:

Read more
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.

Read more
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.

Read more
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:

Read more
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.

Read more

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