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The following is a round-up of updates by London-listed companies, issued last Wednesday and not separately reported by Alliance News: ---------- Macaulay Capital PLC - provider of co-investment opportunities focused on small UK businesses - Adults sons of Managing Director David Horner exercise their remaining 450,000 unconditional founder warrants, at a price of 25.00 per share, raising £225,000 for Macaulay. Harry and Tom Horner, now hold 4.0 million shares each in the company, being 25.0% of the issued share capital. The Horner family now holds 8.6 million shares, being 53.4% of the issued share capital. ---------- Value & Indexed Property Income Trust PLC - invests in UK commercial property for indexed income - Publishes results from year to March 31. Independent portfolio value falls to £133.3 million from £146.0 million a year ago, as last year’s valuation was before net property sales of £13 millin. *Value & Indexed says total return over year was 6.5%. Expects performance to be ahead of the MSCI UK Quarterly Property Index. It will publish its full annual report in June, following the release of the benchmark return. Says it has raised its dividend for the 39th consecutive year and by an average 6.4% per annum. ---------- Mila Resources PLC - gold exploration firm focused on Australia - Reports final assay results from its diamond drilling programme at the Yarrol Gold Project, Queensland. The results include targeted follow-up sampling and multi-element assays ‘which have materially enhanced the company’s understanding of the mineralised system,’ Mila says. Mila has also completed its reverse circulation drilling programme focused on infill, strike extension and early-stage volume definition in order to advance towards resource delineation. ‘This latest 1,600-metre drill programme brings the company’s total drilling to 4,921m across its Queensland portfolio since acquiring the projects,’ adds. Says during the programme, multiple drillholes intersected broad mineralised zones with internal high-grade shoots. Best continuous intercepts include: 14 metres at 1.10 grams/ton gold from 183m in hole MYADD0205. This includes 1.0 metres at 7.51 g/t gold from 183m and 1m at 6.4 g/t from 187m. Says mineralisation is confirmed across all holes, ‘confirming a laterally and vertically continuous mineralised system, with broad envelopes hosting discrete higher-grade shoots.’ Adds: ‘Interpretation of cross-sections demonstrates that mineralisation can now be traced from surface through to depth, providing confidence in the overall geometry and continuity of the system. This work represents a clear progression from initial discovery to a defined and coherent gold system, with continuity, geometry and vectors to higher-grade mineralisation now well established. This continuity enables the company to systematically extend mineralisation along strike whilst building coherent volume, which will be progressively refined with the objective of defining a mineral resource estimate.’ ---------- Cora Gold Ltd - West Africa-focused gold developer - Raises £15.7 million gross through the issue of 261.8 million shares at 6 pence each, divided between a subscription of 228.5 million shares and a retail offer of 33.3 million shares. Further, under the share option scheme dated December 18 2017, Cora grants and approves share options over 28.2 million ordinary shares, equivalent to 3.68% of its issued share capital, to certain directors, management and consultants at an exercise price of 8 pence. This is a 3.6% premium to the average closing mid-market price on the 10 prior trading days. The options expire on March 31. Regarding vesting, a quarter of the options vest immediately with the remaining three quarters to vest in September 2026, March 2027 and September 2027, respectively. ---------- Idox PLC - Woking, Surrey-based software company focuses on government services - Updates on the proposed acquisition by Frankel UK Bidco Ltd - Frankel has aggregate support for the acquisition totalling 256.6 million Idox Shares, representing around 55.58% of Idox’s issued share capital. ‘The company remains in an ’offer period’ in accordance with the rules of the Code and the attention of Idox shareholders is drawn to the continuing disclosure requirements of Rule 8 of the Code,’ Idox says. ---------- Zenova Group PLC - Essex, England-based fire suppression and interdiction solutions company - Confirms that it is seeking to acquire certain intellectual property and associated technology assets, which constitutes a reverse takeover under AIM Rule 14. ‘For the avoidance of doubt and at the request of Restoreo International Ltd, the potential acquisition of the issued share capital of the corporate entity Restoreo is not being proposed. A further announcement will be made in due course,’ Zenova says. ---------- Arkle Resources PLC - exploration company with gold, zinc and lithium assets in Ireland, Botswana and Zimbabwe - Completes airborne and ground based geophysical surveys at its uranium projects in Namibia. These include three lines of horizontal loop electromagnetic survey, with a the preliminiary survey confirming the presence of a well-developed paleochannel in the northeast corner of EPL 8995 and identifying a new paleochannel in the centre of EPL 8995. This new channel is up to 17 meters in depth. Further, Xcalibur Smart Mapping completes a ‘substantial’ magnetic and radiometric airborne survey of 12,376 line-kilometres at 50m-line-spacing ‘for extensive target generation’. ‘These lines were 4x tighter than line spacing from the 1970s government data sets, providing significantly higher resolutions to identify both magnetic and radiometric targets on the ground,’ Arkle says. Delivery of the processed Xcalibur data is expected by April 3, after which Arkle intends to contract leading geophysics experts for further interpretation. The next phase of exploration work will include detailed mapping and sampling to develop targets for up to 4,000 metres of RC drilling in the second half of 2026. ---------- Cardiogeni PLC - Stratford-Upon-Avon, England-based developer of cell therapy medicines to treat heart failure - Updates on its share exchange agreement with Kira Health Invest AG. Cardiogeni confirms that the transaction is progressing towards completion, expected on or around April 10. ---------- Mendell Helium PLC - Kansas-focused helium producer - Updates on M3 Helium Corp’s drilling of the new twin well to the existing Rost 1-26 well in Fort Dodge, Kansas. Says the first of drilling operations ‘has proceeded smoothly’ with the well now at 4,540 feet with a targeted terminal depth of 5,600 feet. The Rost Twin is being completed with larger 7 inch casing which Mendell expects ‘to enable greater water removal and which in turn is expected to increase gas production.’ In the final stages of drilling, M3 Helium will use a mass spectrometer to detect helium shows in the different formations of the Rost Twin. ‘Similar to Rost, the primary target is the helium-rich Morrow sands but account will also be taken of formations above, and potentially below, in determining the extent of perforations for future production,’ Mendell adds. The company is also finalising designs for the upgrade of the Brobee salt water disposal well to access the deeper Arbuckle formation. Mendell expects this ‘to considerably enhance Brobee’s water disposal capacity - above its current permitted level of 5,000 barrels per day.’ Mendell plans to exercise its option to acquire M3 on the date of admission to trading on AIM, expected in late April. ---------- Prospex Energy PLC - London-based oil and gas investment company - Wholly-owned subsidiary PXEN Tatra Sp z00 has been awarded the San onshore licence area in Poland. The administrative process for the award of the Dunajec licence is ongoing, and Prospex will provide further updates in due course. Comments: ‘This first licence award is the next step in Prospex’s strategic expansion into a third European country. The San and Dunajec licences are located onshore in southern Poland in areas with proven gas production and associated infrastructure. With high prospectivity in the target geological horizons and limited activity since 2000, Prospex intends to use modern imaging, evaluation and development techniques to support resource discovery and development. The company is currently gathering historic information on both licences to assist work programme planning.’ ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved
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