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Pin to quick picksGoldstone Resources Share News (GRL)

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TRADING UPDATES: 88 Energy signs farm-in deal with Monitor Exploration

Mon, 13th Nov 2023 21:58

(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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Atalaya Mining PLC - Nicosia, Cyprus-based Europe-focused copper producer - Says it intends to apply for admission to the London Stock Exchange's Main Market. Says movement of listing from AIM will enhance its profile, appeal to new investors and build on its project success. Says it does not intend to raise funds in connection to the admission. Expects admission before the end of 2023, AIM shares expected to be cancelled before end of December. Chief Executive Alberto Lavandeira says: "We are committed to building upon the significant growth we have achieved to date and our intention to seek admission to the premium listing segment of the Official List reflects our confidence in our future prospects, our expanding investor base and our ambition to become a multi-asset producer with a portfolio of sustainable, scalable and low-risk operations."

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Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Says subsidiary Tees Valley Lithium Ltd signs lithium supply heads of terms deal with Wogen Resources Ltd. Says deal will secure lithium feedstock for first train of its proposed merchant refinery. Adds that Wogen will supply 20,000 tonnes per year, enough for the first train at the Wilton site for a 5-year period. Notes that lithium price will be negotiated periodically. Expects strong interest from potential offtake partners, discussions continue. Says Wilton refinery expected to be in full production by 2026. Chair Paul Atherley comments: "Signing an agreement with a leading international lithium trader is a significant validation of the project showcasing TVL's strategic drive to ensure consistency in its refining operations backed by Wogen's global expertise and robust trading operations."

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Adriatic Metals PLC - precious and base metals explorer and developer that owns the Vares silver project in Bosnia & Herzegovina and the Raska zinc deposit in Serbia - Says exploration drilling at Rupice Northwest, that was not included in its mineral resource estimate, has expanded its deposit. Ads that drilling has continued converting inferred mineralisation to indicated levels. Adds that drilling at its RNW Lower Zone has returned significant high-grade gold and copper, including 43 metres at 2,544 grammes per tonne silver equivalent, including 9.1 grammes of gold per tonne and 1.8% copper. Chief Executive Officer Paul Cronin says: "RNW has expanded westward and to the southeast, bringing it closer to the Rupice deposit and access to underground mining. High silver, zinc and lead grades continue at mineable widths with elevated gold and copper grades."

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Goldstone Resources Ltd - Ghana-focused gold producer and explorer - Says its secured gold loan from Asian Investment Management Services Ltd, its principal creditor, is due to be repaid. Says no default notice has been issued, but that the company will have 14 days to repay if a notice is issued. Adds that it is seeking solutions for the repayment of the loan, and is in discussions to renegotiate the payment terms of the loan.

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88 Energy Ltd - Alaska-focused oil and gas company based in Subiaco, Western Australia - Signs three-stage farm-in deal with subsidiary of Monitor Exploration Ltd to earn up to 45% working interest in the onshore petroleum exploration licence 93 in the Owambo Basin in Namibia. Says there is future potential to become project operator. Says its forward programme includes the acquisition of 200 line-kilometres of low-impact 2D seismic in mid-2024, as well as a potential initial exploration well in the first half of 2025. Says farm-in deal is subject to government approval, expected in first quarter of 2024. Managing Director Ashley Gilbert says: "The execution of this farm-in agreement with Monitor provides 88 Energy and its shareholders with a fantastic opportunity to earn a significant working interest in a very large scale, highly prospective, under-explored acreage position on attractive and logically staged commercial terms."

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Frenkel Topping Group PLC - professional and financial services firm focused on personal injury and clinical negligence - Extends partnership with Hodge, Jones & Allen with 50.50 joint venture. Says partnership sees HJA joint with its independent financial advice division under HJA Financial Management Services Ltd. Says its Chief Operating Officer Mark Holt and Chief Financial Officer Elaine Cullen-Grant will act as directors, alongside HJA's partner Chun Wong and Director Judy Hardy. Holt said: "Our Working in Partnership programme is designed to create alliances between Frenkel Topping and stand out firms in the Personal Injury and Clinical Negligence space who share the same ethos and a mutual drive to achieve the right outcomes in litigation and beyond settlement."

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Jun 2019 11:50

GoldStone submits definitive economic plan for Akrokeri-Homase project

(Sharecast News) - GoldStone Resources confirmed on Thursday that the results of its definitive economic plan (DEP) at the Akrokeri-Homase Gold Project (AKHM) had now been submitted to the Ghanaian Minerals Commission for review and approval.

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Goldstone Resources Starts Definitive Economic Plan For Ghana Project

LONDON (Alliance News) - Goldstone Resources Ltd on Thursday said it commenced its definitive economic plan and environmental impact assessment for the Akrokeri-Homase gold project in economic to

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GoldStone makes progress at Akrokeri-Homase Project

(Sharecast News) - GoldStone Resources updated the market on activities at its Akrokeri-Homase Gold Project in the Ashanti Region of Ghana on Friday, reporting that progress was being made within the area of Akrokeri that hosted the numerous artisanal shafts and pits, where it was making safe the shallow workings, and those that had been accessed were being mapped.

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Goldstone Resources Loss Widens On Akrokeri-Homase Project Development

LONDON (Alliance News) - Goldstone Resources Ltd on Friday said its loss widened in the first half of 2018 due to administrative expenses associated with its Ghanaian Akrokeri-Homase gold expenses

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27 Sep 2018 15:02

Goldstone Completes Shaft At Ghana Mine, Gains Access To Old Workings

LONDON (Alliance News) - Goldstone Resources Ltd on Thursday said it has completed the Norton Shaft at its Akrokeri Mine in Ghana.The shaft was drilled to its target depth of 33 metres and

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2 Aug 2018 12:48

GoldStone Resources Discovers Visible Gold In Southern Ghana

LONDON (Alliance News) - West Africa-focused gold developer GoldStone Resources Ltd said Thursday it has discovered visible gold as a result of its drilling in the Ashanti region of southern gold

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9 Jul 2018 11:33

GoldStone Says Ghana Supports Redevelopment Of Gold Mines

LONDON (Alliance News) - GoldStone Resources Ltd on Monday noted that Johannesburg-listed AngloGold Ashanti Ltd secured environmental permits for its Obuasi gold mine in Ghana.The company

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3 Feb 2017 12:40

Goldstone Resources finds nine gold targets following drill programme

(ShareCast News) - Goldstone Resources has identified nine targets following an auger drilling programme at its gold mines in Ghana. The AIM-listed miner performed a short shallow auger drilling programme to test areas near an existing JORC Code compliant resource for the Homase-Akrokerri license by

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13 Dec 2016 10:05

Red Rock Sells 1.4 Million Goldstone Resources Shares (ALLISS)

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1 Dec 2016 11:21

Red Rock Shares Rise As Income Begins To Flow From Investments

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29 Nov 2016 11:29

GoldStone Resources Says First Drilling Programme At Homase Completed

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11 Nov 2016 16:29

Stratex International's shares slip after Homase/Akrokerri update

(ShareCast News) - Shares in Stratex International were down more than 2% late on Friday following an update on the Homase/Akrokerri project in Ghana by Goldstone Resources Ltd. Stratex holds a 33.45% stake in Goldstone. The update said reverse-circulation drilling of a 750 metre-long gold-enriched

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11 Nov 2016 07:58

Goldstone Resources' Ghana mine finds gold enrichment in saprolite

(ShareCast News) - AIM-listed Goldstone Resource's recent drilling program at its mine in Ghana found gold enrichment in saprolite. The AIM-listed miner's recent drilling programme comprised 3,000 metres of auger and some 1,500 metres of reverse circulation drilling of the AK02 prospect within the A

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13 Oct 2016 11:05

Goldstone Resources shares fall as employment dispute reported

(ShareCast News) - Shares in AIM-listed miner Goldstone Resources dropped nearly 12% on Thursday morning after it was revealed that a former director made a large cash claim against the company over his termination. The sum sought would be a "significant proportion" of the company's current cash res

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19 Sep 2016 11:23

GoldStone Resources narrows loss as Ghana development continues

(ShareCast News) - Africa-focused gold company GoldStone Resources posted its interim results for the six months to 30 June on Monday, again reporting nil revenue as it continued its exploration activities, but significantly reducing its operational costs and narrowing its loss. The AIM-traded firm

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