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TRADING UPDATES: Itim revenue up 15%; Aminex completes seismic dataset

Thu, 29th Feb 2024 14:24

(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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Itim Group PLC - London-based software solutions provider to retailers - Says 2023 revenue increases by 15% to GBP16.1 million from GBP14.0 million the year before, in line with expectations. Annual recurring revenue remained constant at approximately GBP13.1 million. Expects earnings before interest, tax, depreciation and amortisation to be around GBP680,000, up from GBP210,000 in 2022. Expects pretax loss to be ahead of expectations.

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Aminex PLC - oil and gas investment company focused on Tanzania - Says that the 3D seismic dataset over the Ruvuma production sharing agreement improves volumetrics for the Ntorya gas discovery, with the dataset revealing higher resource potential in the licence area. Chair Charles Santos says: "Completion of the 3D seismic data interpretation is another important milestone for the Ntorya gas field development, and I am delighted that the results are so positive. The quality of the new 3D seismic dataset was excellent, giving the [joint venture] partners the ability to map in detail the Ntorya gas discovery, refine volumetric estimates and provide the basis to locate future appraisal and development drilling targets. We are particularly excited by the significant potential gas volumes now identified in other untested structures within the licence area. To place these volumes in context, the Ntorya accumulation is potentially the largest onshore gas discovery in East Africa and, with the sizeable new exploration targets, should be much less expensive to exploit than offshore resources. Further announcements can be expected detailing a future programme of drilling and an associated schedule to commercialise these exciting new opportunities and add further value for all stakeholders."

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First Class Metals PLC - Ontario, Canada-focused exploration company - Says elevated grades of key critical metals are present at its Zigzag property in the Seymour-Falcon corridor in northwestern Ontario, Canada. This includes egallium, rubidium, caesium and tantalum. Notes that the initial geochemical results indicate the probable existence of a second structure. Chief Executive Officer Marc Sale said: "The results from our first drill programme at Zigzag are first class and have not only confirmed our belief in the potential of the 'core zone', but have also significantly exceeded our expectations for the property. The associated critical metals identified have added another dimension to the property's potential. Obviously more work is required specifically along strike and further exploration of the southern structure, hence we are to initiate discussion regarding a new exploration permit."

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Intelligent Ultrasound Group PLC - Cardiff, Wales-based provider of artificial intelligence ultrasound software - Says its NeedleTrainer and ScanNav Anatomy Peripheral Nerve Block are now part of NHS Scotland's anaesthetist training. Chief Executive Officer Stuart Gall said: "Ultrasound-guided needle insertion is now a key competency requirement for multiple specialities. This investment moves us closer to our vision of transforming medical training, ensuring safer practices, and ultimately enhancing patient care. Together, we are bridging the gap from classroom to clinic with innovative solutions that empower medical professionals across Scotland and beyond."

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By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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EARNINGS AND TRADING: Zenova's Kitemark award; Carnival's eyes savings

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

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9 Apr 2024 14:14

First Class Metals enters negotiations with leading asset manager

(Alliance News) - First Class Metals PLC on Tuesday said a process which may see the company dispose of assets has begun.

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3 Apr 2024 18:42

EARNINGS AND TRADING: Saint-Gobain buys Bailey Group; Kropz inks loan

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

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21 Mar 2024 19:05

EARNINGS AND TRADING: Getech confident; Aukett Swanke makes buy

(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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20 Mar 2024 17:12

First Class Metals wins grant to support investment at Canadian site

(Alliance News) - First Class Metals PLC on Wednesday announced that it had been awarded a grant from the Ontario Junior Exploration Programme.

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19 Mar 2024 19:47

EARNINGS AND TRADING: Ten Lifestyle sees profit up but sales flat

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

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23 Feb 2024 08:59

TRADING UPDATES: Plant Health eyes Mexico Saori launch; NARF wins deal

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

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7 Feb 2024 13:55

IN BRIEF: First Class finds lithium and critical metal trend at Zigaz

First Class Metals PLC - Ontario, Canada-focused exploration company - Identifies a further lithium and critical metal trend at its Zigzag project following a mobile metal ion soil sampling programme.

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2 Feb 2024 10:47

IN BRIEF: First Class Metals "encouraged" by Palladium One exploration

First Class Metals PLC - Ontario, Canada-focused exploration company - Hails findings from West Pickle Lake area in Ontario. Adds that drilling along the eastern margin of the West Pickle zone has targeted borehole electromagnetic anomalies, returning 1.8% of nickel and 1.0% of copper over 1.5 meters in hole TK23-134. Chief Executive Officer Marc Sale says: "I remain encouraged with the progress the Palladium One exploration is making in the WPL zone and the wider discovery area. Particularly the success near to the FCM claim boundary with the results from TK23-128. FCM will continue to pursue third party interest in this sector of North Hemlo."

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1 Feb 2024 20:00

EARNINGS AND TRADING: Tandem FY sales down 17%; Hikma's opioid deal

(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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18 Dec 2023 18:31

IN BRIEF: First Class Metals finds spodumene pegmatites at Zigzag site

First Class Metals PLC - Ontario, Canada-focused exploration company - Finds spodumene-bearing pegmatites have been intersected in every targeted hole drilled at its Zigzag lithium property. Says the identified mineralisation remains open along strike and down dip. Says spodumene-bearing pegmamtite intersected in all nine targeted holes drilled, with over 50 metres of pegmatite intersections recorded. Says multiple mineralised pegmatite zones were intersected in holes targeting 400 metres of the known 800 metres strike. Says pegmatite thickness exceeded five metres thick, down hole, and the potentially multiphase mineralised system remains open along strike and down dip and plunge. Says all holes are being systematically logged and marked up for sampling before cutting and sample collection.

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6 Dec 2023 13:47

IN BRIEF: First Class Metals starts drilling at Zigzag prospect

First Class Metals PLC - Ontario, Canada-focused exploration company - Says drilling has begun on its Zigzag hard rock lithium prospect. Signs an early exploration agreement with Whitesand First Nation/ Chief Executive Officer Marc Sale says: "The signing of the EEA with Whitesand exemplifies the positive relationship FCM is building with the First Nations. This agreement has paved the way for FCM's inaugural drill program, marking an exciting milestone for our company. We are thrilled to begin drilling at Zigzag, making it the first property where FCM will undertake drilling. This demonstrates our commitment to advancing our exploration efforts and emphasizes our dedication to responsible resource development."

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28 Nov 2023 17:18

TRADING UPDATES: First Class says Zigzag enthusiasm "vindicated"

(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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27 Nov 2023 11:26

First Class Metals signs with Netmizaaggamig Nishnaabeg First Nation

(Alliance News) - First Class Metals PLC on Monday looked optimistically to further exploration in Canada, after signing an agreement with the Netmizaaggamig Nishnaabeg First Nation.

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