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Pin to quick picksLexington Gold Share News (LEX)

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Share Price: 5.20
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EARNINGS AND TRADING: Celebrus swings to profit; Aquila revenue flat

Mon, 27th Nov 2023 14:00

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

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Celebrus Technologies PLC - Middlesex, England-based data management platform, formerly known as D4t4 Solutions PLC - Says revenue in the six months to September 30 grew 60% to GBP13.0 million from GBP8.1 million the year before. Swings to pretax profit of GBP252,000 from a GBP1.1 million loss in the first half of financial 2023. Lifts interim dividend by 4.5% to 0.92 pence per share from 0.88p per share a year prior. Looking ahead, it says it is confident in achieving its full year market expectations of GBP32.1 million in revenue and GBP5.4 million in adjusted pretax profit. Chief Executive Officer Bill Bruno says: "Several key steps have been taken to further our strategy in the first half of the financial year. Not only have we delivered the expected results and continue to remain confident in our ability to meet market expectations for the full year, but we have continued to invest in Sales and Marketing and are seeing the positive effects in the form of building pipeline momentum... We continue to focus on driving ARR and our ability to build scalable, single-tenant, cloud-based environments for our Celebrus customers."

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Aquila Services Group PLC - London-based management consultancy services provider - Says revenue in the first half of its financial year ending March 31 is unchanged year-on-year at GBP5.9 million. Pretax profit drops 69% to GBP93,000 from GBP302,000 the year before. Interim dividend remains unchanged YoY at 0.25p per share. Looking ahead, notes a positive outlook for the second half of the year.

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Concurrent Technologies PLC - Essex, England-based designer and manufacturer of computer boards -

Expects to deliver full-year revenue ahead of market expectations of GBP27 million. Says revenue for the six months to December 31 is expected to be "substantially higher" than a year ago, due to the "strength of order intake over the preceding 24 months enabled by the significant investment in product development undertaken to facilitate new customers and design wins." CEO Miles Adcock says: "The performance of the team across the company has been exceptional throughout the year and, coupled with the continued easing of supply chains, we have seen revenue run rates almost double when compared to historical norms. Our success with design wins provides confidence that order intake moving forward will continue the current level of strong performance which will position us well to enjoy further growth through [2024] and beyond.

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San Leon Energy PLC - Nigeria-focused oil and gas production, development and exploration company -

Says it has not received payment of up to USD187 million from Tri Ri Asset Management Corp. Says it continues to work with TRAM to "understand the reasons for the delay and to enable funds to be released." Previously confirmed that all conditions precedent to its investment have been satisfied, and requested draw down of the USD125.0 million convertible secured loan. Says that Tri Ri Asset has confirmed that payment has been made.

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Lexington Gold Ltd - Signs deal with Discovery Drilling for 2,000 metre drill programme at the Bothaville project in Witwatersrand Gold Basin, South Africa. Expects drilling to start in mid-December. Chair Ed Nealon says: "This initial drilling campaign is being undertaken on the very prospective Bothaville NE tenements located 70 km NE of the world-famous Welkom Goldfield. The target is the shallow A-Reef horizon which subcrops at a depth of only 250m. Previous drilling has indicated good grades for the A-Reef and at such a shallow depth this represents a viable target for the economic development of a Witwatersrand reef horizon. This is a very interesting start to Lexington's campaign seeking to discover a new and viable gold reef horizon in a region of obvious gold mineralisation."

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TruSpine Technologies PLC - London Gatwick Airport-based medical device company - Continues to be in talks with the US Food & Drug Administration over its 510(k) application for Cervi-LOK. Last month, the FDA confirmed it had completed the technical screening of TruSpine's 510(k) submission, which was submitted in late July, but sought further clarification on certain matters. The application was placed on technical screening hold "until such time the relevant information requested has been provided to the FDA", adding that the submission could remain on hold until March 25 next year. Cervi-LOK is a screw free spinal stabilisation system.

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By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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28 Sep 2022 16:35

Lexington losses narrow as exploration investment rises

(Sharecast News) - Carolinas-focussed explorer and developer Lexington Gold reported a first-half net loss from continuing operations of $0.37m on Wednesday, narrowing from $0.47m year-on-year.

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28 Sep 2022 14:38

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

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TRADING UPDATES: GreenRo completes drilling; Mediclinic gets approval

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8 Aug 2022 10:48

IN BRIEF: Lexington Gold shares rise as Loflin resource estimate jumps

Lexington Gold Ltd - Bermuda-based mineral explorer with projects in US - Shares rise as mineral resource estimate for the Loflin side of the Jones-Keystone-Loflin project in the Carolinas increases by 27%. An updated independent JORC mineral resource estimate ups Loflin deposit to 2.6 million tonnes at 0.99 grammes per tonne gold for 82,700 ounces of contained gold. In September 2021, the resource estimate put the contained gold at about 65,000 ounces.

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11 Jul 2022 11:13

Lexington Gold shares surge on positive 1-metre sampling at Loflin

(Alliance News) - Lexington Gold Ltd shares jumped on Monday after the firm shared positive sample re-splits from its Loflin and Loflin South project.

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13 Jun 2022 14:58

IN BRIEF: Lexington Gold notes JKL assay results as shares surge

Lexington Gold Ltd - Bermuda-based explorer with projects in the US - Notes "exceptional assay results" at the Jones-Keystone side of the Jones-Keystone-Loflin project in North Carolina as shares surge. Finds between 1.37 and 4.96 grammes of gold per tonne.

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9 Jun 2022 14:50

IN BRIEF: Lexington Gold widens loss in "extremely productive" 2021

Lexington Gold Ltd - Bermuda-based explorer with projects in the US - Widens pretax loss to USD1.0 million in 2021 from a loss of USD712,000 the previous year. Total assets at December 31 fall to USD4.8 million from USD5.5 million at the same time a year prior. Company's net cash position at the end of the year stands at USD900,000, down from USD2.9 million at the end of 2020. Calls the year "extremely productive and encouraging". Company notes encouraging exploration results since the start of 2022 from its phase two drilling campaign at its Carolina Belle and JKL projects. Does not declare a dividend, unchanged form the previous year.

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9 May 2022 13:17

TRADING UPDATES: Longboat buys into assets; Midwich starts 2022 well

(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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25 Apr 2022 21:24

IN BRIEF: Lexington Gold signs GBP335,000 unsecured loan

Lexington Gold Ltd - Bermuda-based explorer with projects in the US - Enters an unsecured convertible loan agreement for GBP335,000, obtained from two shareholders and three directors.

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31 Mar 2022 07:33

IN BRIEF: Lexington Gold hails significant new discovery at Loflin

Lexington Gold Ltd - Bermuda-based explorer with projects in the US - Receives drill results at the Loflin side of its Jones-Keystone-Loflin project in North and South Carolina. Says the results confirm a "significant new discovery" that has been named Loflin South. Says results returned high-grade intersections close to the surface, including 1.89 grammes per tonne of gold from 20 meters below the surface and 1.67 grammes per tonne of gold 36 meters below.

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21 Mar 2022 10:35

Lexington's Carolina Belle drill results surpass expectations

(Alliance News) - Lexington Gold Ltd on Monday said that the results from its reconnaissance drilling programme at the Carolina Belle project in North Carolina exceeded expectations.

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10 Mar 2022 21:21

IN BRIEF: Lexington completes final set of drilling at Jones-Keystone

Lexington Gold Ltd - Bermuda-based gold company with projects in the US - Drills six holes for an aggregate of 675 metres at Jones-Keystone, concluding the 5,000 metre reverse circulation drilling campaign.

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2 Mar 2022 13:24

IN BRIEF: African mineral explorer URA debuts on London Main Market

URA Holdings PLC - strategic minerals exploration in southern and central Africa - Starts trading on London Main Market on Wednesday, having issued 52.5 million placing shares and 60.0 million to the sellers of operating subsidiary Malaika Developments Ltd. With 141.8 million shares total in issue, URA starts trading with GBP3.2 million market capitalisation, as shares are quoted at 2.25 pence each. It previously was listed in London as a cash shell, but its shares were cancelled in 2018. Malaika has two adjacent exploration licenses in Zambia, covering 1,284 square kilometres squared, to look for graphite, lithium and rare earth elements. URA is led by Ed Nealon and Bernard Oliver as chair and chief executive officer, respectively, who also hold the same roles at AIM-listed Lexington Gold Inc. Sam Mulligan will be in-country operations director, based in Lusaka.

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