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TRADING UPDATES: Vast Resources in offtake deal; Conroy posts assays

Fri, 07th Oct 2022 21:54

(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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Vast Resources PLC - mining company focused on Romania, Tajikistan and Zimbabwe - Following the opening of the Takob mine processing project at the Takob mine in Tajikistan, signs exclusive offtake contract with Trafigura PTE Ltd, an commodity trading and logistics firm, for the sale of bulk concentrates produced at the project. The mine is to produce around 7,000 tonnes per month of ore containing no less than 1.5% to 2.0% lead, 1.2% to 1.4% zinc, and 27% fluoride.

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Conroy Gold & Natural Resources PLC - gold exploration and development company focused on Ireland and Finland - Announces assay results from fourth drill hole of an eight-drill hole programme on its Clontibret gold deposit in Ireland. 33.2 metre gold zone has been interested, grading 0.8 grams per tonne of gold. Company says presence of wide gold mineralisation shows the continuity of gold mineralisation in the stockwork in the area.

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Strategic Equity Capital PLC - specialist alternative equity trust, maintaining a portfolio of UK smaller companies - Net asset value per share at June 30 is 316.21 pence, down 9.7% from 350.05p at the same time a year prior. Total assets fall 21% to GBP1777.2 million from GBP223.8 million in the same time span. In the year ended June 30, total NAV return is negative 9.2%, compared to positive 47% the previous year. Benchmark index, the FTSE Small Cap (ex Investment Trusts) Index, returns negative 15% in the year. Proposes final dividend of 2.00p, up from 1.60p the previous year.

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Karelian Diamond Resources PLC - Dublin-based diamond explorer - Granted two additional mineral prospecting licences in Northern Ireland. Licences for the exploration of the presence of nickel-copper-platinum mineralisation. They are valid for a period of six years and are adjacent to the company's existing KDR-1 licence.

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Carnival PLC - Miami, Flordia-based cruise line - Notes that the approval of Executive Compensation and the Directors' Remuneration Report passed with the support of 64% shareholders.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Vast Resources granted expanded licence at Manaila

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Vast Resources raises £1.48m to cover Atlas liability

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Vast Resources raises ?0.9m via placing and subscription

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