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The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: ---------- Panthera Resources PLC - London-based gold explorer and mine developer in West Africa and India - Reports high-grade gold intersections from reverse circulation drilling at its Bido project in Burkina Faso, including a peak result of 1 metre at 19.2 grammes per tonne of gold at the Kwademen prospect. The company says maiden drilling confirms historical mineralisation across several targets, with multiple shallow, high-grade intersections and broad zones remaining open in several directions. Managing Director Mark Bolton says the results support further exploration upside in a rising gold price environment. ---------- Hercules PLC - Cirencester, England-based labour supply company for the UK infrastructure and construction sectors - Expects to publish its delayed full-year results in March, citing additional audit work required following extensive acquisition activity during financial 2025. The firm says the audit process is well advanced, but the volume of acquisitions completed in 2025 extends the timetable for finalising the accounts. ---------- Hydrogen Utopia International PLC - London-based developer of technology to convert non-recyclable waste plastics into hydrogen and other clean energy - Says it is exploring the use of InEnTec technology to support large-scale production of sustainable aviation fuel and hydrogen-derived diesel in the Middle East, with a particular focus on Saudi Arabia. The company said the technology could enable flexible deployment of SAF plants across the region, without the need to co-locate with heavy industrial sites. Preliminary modelling suggests a Saudi-based project could deliver internal rates of return in the high teens, depending on assumptions, with potential capital investment of at least $800 million per facility. Hydrogen Utopia said it or a local subsidiary could hold a 10% to 20% free-carry equity interest in such projects and earn management fees from the front-end engineering design stage, as it targets rising SAF demand across the MENA region. ---------- Block Energy PLC - Georgia-focused oil and gas company - Completes the farm-out of its XIQ licence in Georgia after receiving government approval, with US-based Aspect Georgia funding a staged work programme estimated at around $95 million. Under the deal, Aspect Georgia can earn up to a 75% working interest through seismic, exploration and appraisal drilling and early production facilities, fully carried with no capital exposure for Block. The partner also has an option to raise its interest to 92.5% for additional consideration. Block says the completion provides positive read-across for its adjacent acreage, including Project III and the IX licences, with seismic acquisition at XIQ expected to begin in 2026. ---------- United Oil & Gas PLC - mining company with an exploration asset in Jamaica - Says a survey vessel has been mobilised to begin an offshore surface geochemical exploration programme on its Walton Morant licence offshore Jamaica, marking a key step in advancing the project. The company says the R/V Gyre departs Trinidad over the weekend and is expected to arrive in Kingston, Jamaica, within five to six days, with offshore operations due to start on or around January 27 following inspections. The programme will include multibeam echo-sounder surveying, heat-flow measurements, and seabed piston coring. United expects preliminary geochemical results one to two months after survey completion, with final analysis due by mid-2026. The work is aimed at confirming the presence of thermogenic hydrocarbons and further de-risking the basin to support future exploration decisions. ---------- Oracle Power PLC - developer of projects in Pakistan and Australia - Reports ‘further positive results’ from drilling at the Kalgoorlie gold project in Western Australia. It says the drilling programme has continued to intersect shallow gold mineralisation as it expands the gold footprint at the Northern Zone gold project. ‘It is great to follow on from previous announcements and continue to expand and intersect gold grades in the northeast area and expand the saddle area. We believe these results are very impressive and add significant upside to the project for our plans with our partners for gold production targeted for later this year,’ says Chief Executive Officer Naheed Memon. ---------- Neo Energy Metals PLC - uranium and gold projects in South Africa - Agrees up to £8 million of strategic funding from a UK-based investor to support work toward bringing the Beisa uranium and gold mine in South Africa back into production. The company says an initial £1.5 million is advanced via a placement of 166.7 million shares at 0.9p each, alongside a further £1.0 million raised from other investors on the same terms. Subject to South African regulatory approvals for the Beisa acquisition, the strategic investor may provide a further £6.5 million as a convertible loan, priced at a 10% discount to market with a 5% coupon. Separately, Neo Energy agrees with several debt providers to repay around £1.2 million through the issue of 130.7 million shares at the same price. Proceeds are to fund the ongoing implementation assessment programme and working capital through completion of the Beisa acquisition, which the company expects in the first quarter of 2026. ---------- Premier African Minerals Ltd - developer of RHA tungsten and Zulu lithium projects in Zimbabwe - Enters into a settlement agreement with contractor J R Goddard to stay enforcement action relating to the Zulu lithium and tantalum project in Zimbabwe. Agrees to settle the claim for a total of $2.4 million, plus interest, payable through an initial $400,000 by the end of January, followed by monthly instalments through November 2026. Enforcement action will be suspended as long as the company complies with the payment schedule. Chair Godfrey Manhambara says the agreement provides certainty and enables Premier to progress funding and operational initiatives at Zulu Lithium. The company also says it is actively reviewing appointments to strengthen the board following recent changes, with a focus on technically experienced candidates to support the next phase of development. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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