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Pin to quick picksTertiary Minerals Share News (TYM)

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TRADING UPDATES: Anglo-Eastern output down year-to-date, Bushveld's up

Mon, 06th Nov 2023 14:26

(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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Trident Royalties PLC - mining royalty company - Reports quarterly receipts for the three months to September 30 fell 17% to USD1.9 million from USD2.3 million a year prior from exposure to gold, copper, and iron ore. Chief Executive Officer Adam Davidson says: "This has been another solid quarter for Trident, with two new transactions, good progress within our existing portfolio, and solid revenue generation. In the uncertain geopolitical environment, our diversified exposure has demonstrated its value, with our gold offtake revenue benefiting from higher gold prices and volatility. Our gold exposure will benefit further during the first half of 2024, with first gold expected at Equinox's Greenstone project, alongside ramping of production at other assets."

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Anglo-Eastern Plantations PLC - Indonesia and Malaysia-focused palm oil and rubber producer - Says in nine months to September 30, output for fresh fruit bunches fell 2% to 841,960 metric tonnes from 859,900. Says crude palm oil price ex-Rotterdam averages to USD983 per metric tonne in the year-to-date, up 33% from USD1,471 in the corresponding period in 2022. Looking ahead, expects CPO prices to be weak for the remaining part of the year as the industry enters a period of "more robust" crop production. "The reported high palm oil inventory, together with the abundance of other competitive vegetable oils, coupled with a lower demand from the major importers are likely to suppress any upward movement in CPO prices for the last quarter of 2023," it says.

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Bushveld Minerals Ltd - South Africa-focused vanadium producer and energy storage solutions provider - Says production in the third quarter of the year falls 1.6% to 1,000 metric tonnes vanadium from 1,016 a year prior. Year-to-date production grows 4.8% to 2,784 metric tonnes from 2,657. Sales in the three months to September 30 plunge to 647 metric tonnes from 1,034 in the corresponding quarter a year ago. Looking ahead, says it is on track to meet its output guidance for 2023 of 3,700 to 3,900 metric tonnes.

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Powerhouse Energy Group PLC - Bingley, England-based non-recyclable waste-to-energy conversion firm - Faces patent claim filed by GetGo Recycling Ltd, which was filed last month. Says claim is "entirely without merit", and states it had not had any direct dealings or any communication from GetGo, noting that it first became aware the claim had been filed via a third party. It also says there is no detail or information in the filing of the claim. Chair Antony Gardner-Hillman says: "As regards the European Patent Office Communication, I am advised by our patent attorneys there is no significance in this and that it is a normal procedural step when entitlement proceedings have been commenced in respect of a patent. As regards the proceedings themselves, we do not foresee any impact on PHE's ongoing work or interference with the company's business. We will deal with this as an ordinary day-to-day challenge of a kind I have seen and dealt with successfully before in my career, acting in the appropriate way and with due regard. I do not know the claimant company and I believe its action is intended to "soften" PHE as the targeted party before a follow-on approach on something unrelated. We shall wait and see whether this is the case and we shall respond accordingly."

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Tertiary Minerals PLC - mineral exploration and development company focused on energy transition metals, with projects in the US and Zambia - Completes exploration work on all of its copper projects in Zambia in the past 12 months, and says its objective to complete soil sampling on all its Zambian projects has been met, defining a series of high-grade copper-in-soil anomalies. Priority drill targets are now defined at three copper projects: Jacks, Mukai and Mushima North.

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Critical Metals PLC - Africa-focused mining investor - Says shares restored to trading on the London Stock Exchange, effective immediately. Its shares had been suspended from trading last week.

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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.

More News
31 Jul 2023 10:15

Tertiary Minerals granted permission for soil sampling in Zambia

(Alliance News) - Tertiary Minerals PLC on Monday said it has received permission from the Forest Department of Zambia to carry out soil sampling in forested areas at its Mukai and Mushima North project licenses.

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13 Jun 2023 14:32

Tertiary Minerals granted new Zambia exploration licence

(Sharecast News) - Tertiary Minerals announced on Tuesday that its Zambian subsidiary has successfully applied for and been granted a new mineral exploration licence in the Mupala region of the country.

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6 Jun 2023 12:35

Tertiary Minerals hails implications of data study for Konkola West

(Alliance News) - Tertiary Minerals PLC on Tuesday celebrated renewed prospects at its licence in Zambia, after receiving updated geophysical exploration data.

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17 May 2023 14:32

TRADING UPDATES: Valeura hits 90 million barrel milestone at Jasmine

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

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28 Apr 2023 16:15

TRADING UPDATES: Castings beats market view; Zoo Digital buys in Japan

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

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13 Apr 2023 15:20

Tertiary Minerals raises GBP250,000 to fund exploration projects

(Alliance News) - Tertiary Minerals PLC shares jumped on Thursday, after it said it has raised GBP250,000 to continue evaluating its copper exploration projects portfolio.

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5 Apr 2023 17:57

IN BRIEF: Tertiary Minerals lays out Mukai project exploration plan

Tertiary Minerals PLC - US and Zambia-focused mineral exploration and development company with a focus on energy transition metals - Reports the its Mukai copper-nickel project in Zambia has reserves and resources of over 2.7 billion tonnes averaging 0.55% copper and has an annual production of 555,000 tonnes of refined copper. Says that data from First Quantum Minerals suggests exploration potential for both copper and nickel at Mukai. Says its 2023 exploration programme will commence at the project with a property-wide soil sampling programme and field follow-up of anomalous areas, as well as more detailed work adjoining the Tirosa Prospect. Adds it is awaiting approval of its Environmental Project Brief from the Zambian Environment Management Authority and the issue of a Forest Permit to allow exploration to commence.

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16 Feb 2023 14:20

IN BRIEF: Tertiary Minerals jumps on "exciting" emerging targets

Tertiary Minerals PLC - mineral explorer and developer focused on energy transition metals - Begins work evaluating First Quantum Minerals' datasets for two of its projects. Says that a "number of exciting exploration targets" are emerging. "We hope to reveal more about this in the near future and in the meantime we are busy planning field programmes to start within the next couple of months as soon as the wet season ends," the company says. Says its focus is "firmly fixed" on copper exploration in Zambia and the US state of Nevada. Suggests copper is "most likely to survive the evolution of battery technologies which may be at the expense of some of the more novel commodities."

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16 Feb 2023 10:54

AIM WINNERS & LOSERS: Jaywing shares drop amid softening demand

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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3 Feb 2023 10:48

Tertiary Minerals raises GBP300,000 in placing for copper projects

(Alliance News) - Tertiary Minerals PLC on Friday said it raised GBP300,000 before expenses through a placing of shares in order to continue evaluating its copper exploration projects portfolio.

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18 Jan 2023 16:43

Tertiary Minerals says lab results confirm potential of Zambia project

(Alliance News) - Tertiary Minerals PLC on Wednesday said latest lab results on soil samples confirmed the potential of the Jacks copper project in Zambia.

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16 Jan 2023 16:28

Tertiary Minerals' Zambia partner gets approval for Mushima North

(Sharecast News) - Tertiary Minerals announced on Monday that its local partner and licence holder Mwashia Resources had now received approval of its environmental project brief (EPB) from the Zambia Environmental Management Agency (ZEMA) for the Mushima North Copper Projects.

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16 Jan 2023 11:18

Tertiary Minerals receives Zambian approval for copper projects

(Alliance News) - Tertiary Minerals PLC on Monday said its local partner Mwashia Resources Ltd received approval from the Zambian Environmental Management Agency for its Mushima North copper projects.

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12 Jan 2023 21:20

TRADING UPDATES: Arkle finds pegmatites; Apollon win license deal

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

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12 Dec 2022 11:59

Tertiary Minerals losses widen as exploration yields "mixed results"

(Alliance News) - Tertiary Minerals PLC on Monday said its loss more than doubled as exploration continues at its Zambia and Nevada projects.

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