We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPremier African Minerals Share News (PREM)

Share Price Information for Premier African Minerals (PREM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.195
Bid: 0.19
Ask: 0.20
Change: 0.0075 (4.00%)
Spread: 0.01 (5.263%)
Open: 0.1875
High: 0.195
Low: 0.1824
Prev. Close: 0.1875
PREM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Clipper in John Lewis deal; Immotion's record July

Mon, 16th Aug 2021 12:10

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

----------

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.

----------

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."

----------

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.

----------

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".

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
12 Apr 2024 13:20

Premier African raises another £1m due to strong institutional interest

(Sharecast News) - Premier African Minerals announced on Friday that it had raised a fresh £1m, due to strong institutional interest in its fundraising announced on 11 April.

Read more
12 Apr 2024 10:46

Premier African Minerals announces third share subscription of 2024

(Alliance News) - Premier African Minerals Ltd on Friday said it has accepted the subscription of further shares following strong institutional interest.

Read more
11 Apr 2024 13:05

IN BRIEF: Premier African raises GBP2 million for Zulu lithium asset

Premier African Minerals Ltd - minerals and metals producer focused on projects in Zimbabwe and Namibia - Announces a subscription offer for 1.2 billion new shares at an issue price of 0.17 pence each to raise around GBP2.0 million. Says the proceeds will go towards development of the company's Zulu lithium and tantalum project in Zimbabwe. The issue price represents a 15% discount to the company's Wednesday closing share price of 0.20p.

Read more
10 Apr 2024 13:36

TRADING UPDATES: Fulcrum acquires Ontario gold tailings project

(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
2 Apr 2024 13:22

UK shareholder meetings calendar - next 7 days

Wednesday 3 April 
Downing Strategic Micro-Cap Investment Trust PLCGM re approval of B share scheme
Quantum Exponential Group PLCGM re delisting or potential investment in company
Thursday 4 April 
Rio Tinto PLCAGM
Scottish American Investment Co PLCAGM
TheWorks.co.uk PLCGM re Main Market delisting and AIM admission
Friday 5 April 
Faron Pharmaceuticals LtdAGM
VPC Specialty Lending Investments PLCGM re capital return via B share scheme
Monday 8 April 
Premier African Minerals LtdAGM
Tuesday 9 April 
Ethernity Networks LtdEGM re board appointments and option grants
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
13 Mar 2024 18:18

TRADING UPDATES: Redrock acquires remainder of Australian subsidiary

(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
29 Feb 2024 18:06

TRADING UPDATES: United Oil adds Jamaica expert; Vaalco makes buy

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

Read more
26 Feb 2024 20:17

TRADING UPDATES: Begbies trading in line; Probiotix inks partnership

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

Read more
21 Feb 2024 15:51

EARNINGS AND TRADING: Sure Ventures value down after VividQ fundraise

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

Read more
15 Feb 2024 14:17

IN BRIEF: Premier African Minerals announces discounted Zulu fundraise

Premier African Minerals Ltd - Metal and mineral developer focused on Africa - Announces a fundraise for GBP2.5 million through a subscription at an issue price of 0.275p per new share. This represents a 17% discount to the company's Wednesday closing price of 0.33p per share. Proceeds will go towards the company's Zulu lithium and tantalum project in south-west Zimbabwe. Premier African says it has sufficient funding to take it to first production at Zulu, with commercial production set to commence in late February and first shipments expected for March. Negotiations with Zimbabwe-based lenders for working capital facilities at Zulu are ongoing, the company says.

Read more
9 Feb 2024 11:46

Premier African Minerals announces new Zulu resource estimate

(Sharecast News) - Premier African Minerals announced an update to its Zulu lithium and tantalum project on Friday, with the release of a new SAMREC-compliant mineral resource estimate, replacing the previous estimate issued in June 2017.

Read more
9 Feb 2024 11:22

IN BRIEF: Premier African notes new mineral resource estimate for Zulu

Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Says mineral resource estimate forecasts lithium oxide at 107,366 tonnes and the direct conversion of the contained lithium oxide to spodumene concentrate is 1,789,433 tonnes at Zulu lithium and tantalum project.

Read more
24 Jan 2024 20:16

EARNINGS AND TRADING: Nanoco receives proceeds from Samsung litigation

(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:

Read more
18 Jan 2024 14:18

IN BRIEF: Premier African says production to begin next month at Zulu

Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Says new ball mill that has been custom built for its Zulu lithium and tantalum project in Zimbabwe is expected to depart from South Africa in the last week of January. The ball mill is the last major item to be placed for a restart of production that is still anticipated for late February, Premier African says. By February, the company says "additional hydrosizer, mill discharge screen, and associated tanks, sumps and pumps" will have been installed.

Read more
9 Jan 2024 11:47

IN BRIEF: Premier African to start Zulu production in February

Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Says drill assay results at Zulu lithium and tantalum project in Zimbabwe show consistent spodumene concentrate grades as low as 4%. Results also show lithium oxide grades of 1.00% and 0.95%. Chief Executive Officer George Roach says: "Those surface trench and drill hole results, originating from the Southeast pegmatite, represent very good potential for this pegmatite that is adjacent but discrete from the main mining and pit developments underway at present." Adds it is on track to target revenue generating production by late February.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.