(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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Clipper Logistics PLC - Leeds, England-based logistics firm - Notes deal with retailer John Lewis Partnership to provide e-commerce and store replenishment services at Clipper distribution site near Leicester. "This is in addition to a range of existing services that Clipper currently provides for John Lewis including returns management for e-commerce products, forward orders for furniture, pre-retail operations for clothing suppliers," Clipper says. "The extended operation is initially for a minimum term of three years and the Bardon facility comprises 317,000 square feet of warehousing space." Last week Wednesday, John Lewis signed a deal with Tesco PLC to lease a million square foot distribution centre to meet demand for online orders, creating 500 jobs in the process.
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Immotion Group PLC - Manchester, England-based virtual reality entertainment company - Expects revenue of GBP2.7 million for first half of 2021 and a breakeven at an earnings before, interest, tax, depreciation and amortisation level. Immotion notes June was its best ever month, posting Ebitda of GBP126,000 on revenue of GBP850,000. "We are further pleased to confirm that the second half of 2021 has started very strongly with July being yet another record month. Unaudited group revenue was GBP1 million, with unaudited Ebitda at circa GBP200,000, a considerable increase versus June, taking the company into overall Ebitda profitability for the year to date," Immotion says. "Overall, we remain very optimistic about the prospects for H2, assuming no material reversal in the easing of pandemic related restrictions."
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SimiGon Ltd - training and simulation technologies developer - Says independently operated US arm SimiGon Inc re-awarded a purchase deal with US Air Force to supply virtual and mixed reality training devices for a four-year period. SimiGon notes it is one of three contractors under the blanket purchase pact.
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Seeing Machines Ltd - Canberra-based driver-monitoring technology company - Says transportation technology company firm Eroad Ltd will see Seeing's Guardian platform used in a fleet management software to "help combat driver fatigue and make roads safer". Seeing notes Eroad's fleet management software is "designed to improve driver safety, manage vehicle fleets and reduce costs associated with driving".
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Avation PLC - Singapore-based passenger aircraft leasing company - Signs five-year leases for three ATR 72-500 aircrafts with Australian carrier Hevilift. "These aircraft are all former Virgin Australia aircraft that the company has been remarketing since Virgin Australia entered administration and returned the aircraft to Avation. Virgin Australia returned six ATR 72-500 aircraft to Avation of which five have now been leased or sold," Avation says.
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Cellular Goods PLC - UK-based provider of premium consumer products based on lab-made cannabinoids - Signs "multi-year" manufacturing and supply agreement with Chanelle McCoy Health Ltd for ingestible products. Pure cannabinoid products provider Chanelle McCoy Health to supply Cellular with three CBD ingestibles which will go on sale under Cellular Goods branding in UK first, then continental Europe in 2022. Chanelle McCoy Health was founded by Chanelle McCoy, who is on the panel of Irish iteration of BBC television programme Dragons' Den. The show sees budding entrepreneurs pitch to receive backing from panel of investors. "The deal marks a significant step in Cellular Goods' go-to-market strategy and will accelerate its entry into the market for ingestible wellness products for human consumption by more than a year," Cellular adds.
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Altus Strategies PLC - mining royalty company - Notes "further encouraging results" from Mali-based Tabakorole gold project, which Altus has 49% stake in as well as 2.5% net smelter return royalty. Says results from five diamond drill holes in central zone of asset are expected to "increase the volume and grade of the resource". "Further encouraging drilling results have been received from the Tabakorole gold project in southern Mali. Of particular significance, is the continued shallow and higher-grade intersections from the central zone of the deposit,2 CHief Executive Steven Poulton commented.
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i3 Energy PLC - oil & gas company with assets and operations in the UK and Canada - Says second quarter of 2021 was "another intensely active and transformational period" for company. Output averaged 8,905 barrels of oil equivalent per day, down 2.0% quarter-on-quarter. In July, including recent acquisitions of Wapiti and South Simonette assets, in Canada, output in July averaged 9,598 Boepd, including 10,031 Boepd in final week alone.
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United Oil & Gas PLC - London-based oil & gas company - Announces spudding of ASX-1X exploration well in 22%-owned Abu Sennan licence, Egypt. "In a success-case scenario, the well is expected to take up to 54 days to drill, test and complete," United Oil says.
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Premier African Minerals Ltd - southern Africa-focused miner - Updates scoping study at Zulu lithium project in Zimbabwe. Study updated to reflect higher selling prices of Spodumene, a mineral which is a source of lithium. Premier African says top revenue forecast at project lifted to USD1.67 billion from USD1.10 billion forecast from 2017 estimate. Estimated capital costs also rise, to USD69.3 million from USD64.0 million. "With the recently reported surge in Spodumene concentrate selling prices, Premier approached Bara Consulting with a request that the scoping study financial matrix be reviewed taking cognisance of the price changes and any other salient factors that may have changed in the period after publication of the scoping study," CEO George Roach says.
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Blencowe Resources PLC - natural resources company focused on the development of the Orom-Cross graphite project in Uganda - Says new drilling campaign completed at Orom-Cross, with 38 additional infill holes sealed. Notes 1,150 samples currently on way to JORC-accredited laboratory in Tanzania.
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Kavango Resources PLC - mineral exploration company with operations in Botswana - Completes first geological borehole in target area A, located in Hukuntsi section of Kalahari Suture Zone in Botswana. Area was drilled to depth of 578 metres.
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Oriole Resources PLC - mineral explorer in Senegal and Cameroon - Notes results from drilling at Senala project in Senegal, where joint-venture partner IAMGOLD Corp has option to spend USD8 million to earn 70% interest. Says drilling results from Fare and Madina Bafe areas of Senala have best results of up to 70 metres at 1.46 grammes per tonne of gold and 10 metres at 1.69 grammes per tonne of gold. "The results reaffirm the presence of wide intervals of near-surface gold mineralisation, endorsing the company's belief that Fare has the potential to host a standalone deposit," Oriole says.
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Longboat Energy PLC - North Sea-focused exploration firm - Says Norway's Ministry of Petroleum & Energy approves acquisition of exploration licence interests in Norwegian Continental Shelf. Longboat adds: "The company is thereby qualified as a licence holder on the Norwegian Continental Shelf and subject to the finalisation of the usual completion procedures with the various counterparties, expects to complete the farm-ins on 1 September 2021." In June, Longboat said it struck deals to acquire an exploration drilling programme on the Norwegian Continental Shelf structured as three farm-in transactions.
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Anglo Asian Mining PLC - gold, copper and silver producer operating in Azerbaijan - Seals maiden JORC-compliant mineral resource estimate at Zafar polymetallic deposit in Azerbaijan. Anglo Asian highlights mineralisation of 8.5 million tonnes wuth average grades of 0.60% copper, 0.47% zinc and 0.30% gold. "Zafar's maiden mineral resource estimate is extremely encouraging and will help underpin the company's future long-term production growth," CEO Reza Vaziri says.
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Pure Gold Mining Inc - operates mine in Red Lake, Ontario, Canada - Says daily throughput averaged 703 tonnes per day in July, up 38% from second quarter average. "Average throughput is expected to continue to increase steadily up to and beyond nameplate capacity of 800 tpd for the balance of 2021," Pure Gold adds. Says head grades averaged 5.6 grammes per tonne in July, in line with expectations. July gold production came in at 3,730 ounces, a monthly record. Including July, Pure Gold expects second half output of 27,000 to 32,000 ounces of gold.
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By Eric Cunha; ericcunha@alliancenews.com
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