TRADING UPDATES: Powerhouse Energy hails lease for forthcoming centre

(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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Goldplat PLC - South Africa and Ghana-focused mining services company - Says electricity cuts in South Africa reported in February have continued into its third financial quarter, to reduce the load on the network by the country's electricity provider. "We however lost additional hours in March 2023, due to problems on the transmission lines to the operations. This, together with continued electricity cuts, has resulted in hours lost during Q3 to date already being 43% higher than what was experienced during Q2," Goldplat explains. It added that it is engaging with the municipality to gauge how to reduce the impact on its operations and to increase productivity during times of available electricity. Goldplat still expects to meet current market expectations for the current financial year.

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Greatland Gold PLC - London-based development and exploration company, specialising in one-tier gold and copper deposits in Australia - Hails "significant progress" at Havieron, a gold-copper project in Paterson province of Western Australia. Finds 3.9 grammes of gold per tonne at Northern Breccia, and 2.1 grammes of gold per tonne at Eastern Breccia. Managing Director Shaun Day says: "Our most recent drilling activities highlight the potential of high grade mineralisation outside the Southeast Crescent which could add significant value to the mine plan at Havieron with additional gold and copper mineralisation intersected at the Northern and Eastern Breccia zones."

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Gresham House Renewable Energy VCT 1 PLC and Gresham House Renewable Energy VCT 2 PLC - Enters into exclusivity with a party regarding the sale of solar assets, which the firms anticipate to complete in the coming weeks. Meanwhile on Friday, the companies say the annual general meeting planned for Tuesday will be delayed to April "due to a technical error in connection with the service of notice of the AGM on those shareholders who have opted for electronic communications."

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Haydale Graphene Industries PLC - Ammanford, Wales-based global technology solutions firm - announces deal with City Energy Network Ltd and Plumbase Ltd to develop graphene underfloor heating. Haydale says that ink heater technology applied to clothing has been applied in an initial prototype for domestic graphene underfloor heating "with the potential to replace gas central heating and link into other energy efficient technologies." Haydale Chief Executive Officer Keith Broadbent says: "Haydale has been working closely with City Energy to look at new technologies aimed at net zero. I am pleased we can now announce that together we are taking our graphene underfloor heating to the next stage and with Plumbase supporting there is a potential to distribute the technology when it is market ready as an energy efficient heating solution for domestic and commercial properties."

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HSBC Holdings PLC - London-based bank - Issues EUR135 million 4.816% fixed rate notes due 2040 under debt issuance programme.

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Jadestone Energy PLC - Asia Pacific-focused oil and gas company - Completes topsides maintenance programme at Montara project offshore Australia. Says it is progressing production restart activities.

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Mission Group PLC - Devon, England-based owner of a group of digital marketing and communications agencies - Launches Turbine, a UK-based integrated growth media agency "specialising in owned, earned and paid media for consumer facing brands." Says Turbine provides one-stop shop for creating customer experiences using data insight and technology to optimise media impact in an evolving digital environment. Chief Executive Officer James Clifton says: "The launch of Turbine is Mission's answer to a growing demand for an effective solution to the challenges of multi-channel digital marketing, adding yet another specialist service to our centralised capability for Mission agencies to draw on."

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Pembridge Resources PLC - UK mining company with investments in British Columbia - Notes that Minto Metals Corp will for at least two years stop shipping copper concentrate through the port of Skagway in Alaska, US. "Despite Minto's best efforts to reach a mutually beneficial agreement, the town of Skagway recently came to a decision to shift the focus of its port towards cruise ships and tourism," Pembridge explains. Minto is exploring other options, such as the port at Stewart in British Columbia, Canada, and expects a new arrangement to be in place by July 2023.

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Powerhouse Energy Group PLC - Bingley, England-based hydrogen-from-waste-plastic producer - Enters 10 year lease for a building to house the forthcoming Powerhouse Technology Centre, with a rental cost of GBP46,000 per year. The centre, which will cost Powerhouse around GBP2 million to fit out, will be in Bridgend, between Cardiff and Swansea in Wales. It will be a "first step forward in establishing Powerhouse's new centre for technical development and research & development. A feedstock testing unit - much closer in design to the commercial thermal conversion chamber than the current demonstrator - is currently being manufactured and will be installed at Bridgend once the building has been made suitable for our use," says Acting Chief Executive Officer Keith Riley. He adds that the centre "will serve as a main office for the company close to Engsolve Ltd, where most of our engineering work is carried out, consolidating the company's business." Engsolve is a Bridgend-based engineering solutions company.

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Savannah Resources PLC - Europe-focused lithium development company - Submits revised environmental report and plan for Barroso lithium project in Portugal, to Portugal's environmental regulator, Agencia Portuguesa do Ambiente. Chief Executive Officer Dale Ferguson says: "Today marks a major milestone for Savannah and I expect the months ahead to be a defining period for the company and Portugal as we play our part in the development of an end-to-end lithium value chain in Portugal and Europe."

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By Tom Budszus, Alliance News reporter

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