AIM WINNERS & LOSERS: Oriole "very pleased" with Mbe gold findings

Wed, 05th Mar 2025 10:11

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

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AIM - WINNERS

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Oriole Resources PLC, up 10% at 0.215 pence, 12-month range 0.195p-0.3875p. The West and Central Africa-focused gold exploration company issues an update on the maiden diamond drilling programme currently underway at the MB01-S target at its 90% owned Mbe orogenic gold project in Cameroon. The drilling programme is over 30% complete and results from the second scissor hole pair at MB01-S have delivered over 30 gold mineralised intersections, Oriole says. The MBDD003 hole intersected over 60 metres of recurrent gold mineralisation with an average grade of 0.48 grams of gold per tonne returned over the first 150 metres. "We are very pleased with the latest results from the second scissor pair of holes at Mbe, which continue to demonstrate the project's tremendous potential," says Chief Executive Officer Martin Rosser. "Not only has hole MDBB003 intersected wide zones of lower grade gold, it has also intersected a highest grade interval of 4.24m at 7.70g/t Au. The high number of intersections received to date in the maiden programme is truly exciting."

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EnSilica PLC, up 4.1% at 42.15p, 12-month range 39.5p-71p. The Oxford, England-based chipmaker of mixed signal application specific integrated circuits says it has won a EUR 2.1 million development contract under the European Space Agency's Navigation Innovation & Support Programme Element 2. EnSilica says it will receive funding covering 80% of the EUR2.1 million project costs. It "will be focused on developing a key silicon component to enable next-generation resilient multi-band Global Navigation Satellite System ["GNSS"] capabilities which are vital to ensuring the world's critical infrastructure and services remain robust and secure in the face of evolving global threats". CEO Ian Lankshear says: "This funding will enable us to further enhance global navigation satellite systems technology and continue to develop commercial solutions that are critical for resilient and reliable satellite navigation. We are grateful for the ongoing support from ESA and the UKSA, and we continue to focus on PNT and the broader satellite communications market as a key growth driver of our business."

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AIM - LOSERS

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Rosslyn Data Technologies PLC, down 7.3% at 4.26p, 12-month range 4.25p-14.8p. The cloud-based spend intelligence platform provider says that some revenue it expected to receive from a "major new client" in the year ending April 30, is now expected to be received in financial 2026 instead. It is however "making excellent progress" in deploying its initial contract with the client, as its solution has been well-received and the client intends to embed the technology in one department before rolling it out to others. Also, Rosslyn says timelines for converting some pipeline opportunities have elongated but that it continues to expect "strong growth in the current year and beyond". Furthermore, it now expects on-year revenue growth of about 14% to around GBP3.3 million; a narrowed adjusted loss before interest, tax, depreciation and amortisation of around GBP1.7 million; and a cash balance of around GBP1.7 million at April 30, up from around GBP600,000 one year prior.

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By Emma Curzon, Alliance News reporter

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