TRADING UPDATES: Aura Energy finishes drilling; Cordel revenue up

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

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Aura Energy Ltd - Australia-based minerals company with polymetallic and uranium projects in Europe and Africa - Completes of the infill drilling program at the Tiris project of 11,600 metres. Continues to progress the optimised feasibility study targeting a 3 million pounds of triuranium octoxide, which is expected to be completed in the first quarter of 2023. Starts the front-end engineering design of Tiris.

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Cordel Group PLC - London-based artificial intelligence platform for transport corridor analytics - Reports revenue of GBP945,000 in the half-year to December 31, up 50% from GBP629,000 a year before. Loss before interest, tax, amortization, and depreciation narrows to GBP789,000 from GBP1.3 million a year before. "The interim results show a return to growth compared to the corresponding period last year, as we benefit from long-term contracts secured earlier. We are pleased by the market's recognition of our technology advantages and confident we will add new contracts as 2023 progresses. We are managing the business to balance the requirements of growth opportunities while maintaining adequate cash reserves," Chair Ian Buddery says.

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Curtis Banks Group PLC - Bristol-based provider of self-invested personal pensions - Says the court meeting and the general meeting in relation to its acquisition by Nucleus Clyde Acquisition Ltd will be held on February 27.

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Landore Resources Ltd - Mining exploration and development company in Canada - Receives a further payment of CAD251,824, or GBP156,031, under the option agreement with Lithoquest Resources Inc. Also gets 2.2 million shares in Storm Exploration Inc worth CAD248,176. Agrees to amend the terms of the option agreement so that Storm can acquire a 100% stake in the Miminiska Lake and Keezhik Lake properties in the Thunder Bay Mining district, Northern Ontario by making staged payments to Landore totalling CAD1.6 million in cash and an additional CAD2.4 million either in cash or by issuing new shares.

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Milton Capital PLC - capital market company - Changes the date of the end of its financial year immediately to January 31 from September 30. Explains that the change was necessary as a result of changes to audit regulations by the FRC regarding Public Interest Entities.

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Jade Road Investments Ltd - Hong Kong-based investment vehicle - Intends to raise equity finance of up to USD1.8 million by issuing 191.3 million new shares at a price of GBP0.0075 per share.

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GreenX Metals Ltd - developing Arctic Rift copper project in Greenland - Says that the hearing for international arbitration claims against Poland under both the Energy Charter Treaty and the Australia-Poland Bilateral Investment Treaty concluded. Says that it has funded the claim proceedings under its USD12.3 million litigation funding agreement. As at December 31, cash amounts to AUD2.6 million, or GBP1.5 million, with a further AUD6.1 million available to fund claim related costs under the LFA.

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Sovereign Metals Ltd - Perth, Australia-based, Malawi-focused mining company - Advances with the pre-feasibility study for the Kasiya rutile project. It will build on the expanded scoping study, which confirmed Kasiya "as potentially one of the world's largest and potentially lowest cost producers of natural rutile and natural graphite". Completes a 4,660 metre, 191-hole deeper air-core and 2,206 metres, 247-hole push tube mineral resource infill drilling programme. Says that it confirmed the consistency of high-grade rutile and graphite mineralisation at depth. Plans to demerge its standalone Graphite projects into a 100%-owned subsidiary, NGX Ltd, then do an in-specie distribution.

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Associated British Engineering PLC - Cambridge-headquartered engineering services firm - Swings to a pretax profit of GBP5,440 in the year to September 30, from a loss of GBP86,572 a year prior. Records no revenue, unchanged from a year before. Does not recommend the payment of a dividend. Says that the trading outlook for the group remains "unpredictable", due to the requirement to identify a trading business in the midst of a global pandemic.

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By Abby Amoakuh, Alliance News reporter

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