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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: ---------- First Development Resources PLC - explorer for critical minerals and rare-earth elements in Western Australia and Northern Territory - Receives an environmental mining licence by the Northern Territory Government Department of Lands, Planning and Environment. ‘The grant of the EML is a significant operational milestone, enabling FDR to transition from surface exploration to drilling at the high-priority Lander West Gold Target, located within the Stafford Gold Trend at the Company’s wholly owned Selta Project in Australia’s Northern Territory,’ company says. The EML allows FDR to undertake on-ground exploration activities under an approved and ‘marks a clear pathway to drilling,’ FDR adds. The company is now advancing plans for a targeted reverse circulation drilling programme at the highly prospective Lander West Gold Target, with planning and preparatory work underway. ---------- Botswana Minerals PLC - copper and diamond explorer, previously known as Botswana Diamonds - Updates on its AI-driven exploration programme over Licences 458 and 459 in Ngamiland, northwest Botswana. These licences are part of its 7,074 square-kilometres land holding in the northeastern Damara Belt. ‘The company is progressing well with its fully funded programme, which aims to identify and rank the most promising exploration targets and identify the best copper prospect for drilling,’ Botswana says. Key findings thus far include: a copper anomaly stretching 9.5 kilometres east of a major fault; a silver anomaly corridor of around 20 km across a key fault zone; a core zone of lead-zinc mineralisation about 2.4 km long within a larger trend to the west; and several possible deposit types, including Irish type, carbonate replacement, hydrothermal, and potential skarn systems. The next stage of work will include more detailed magnetic and gravity data analysis, additional geochemical testing, integration of hyperspectral satellite data, and a full review of historical drilling records. Botswana plans to use AI-assisted analysis. ---------- Power Metal Resources PLC - metals explorer with projects in North America, Africa, Saudi Arabia and Australia - Drills four NQ diameter drill holes totalling 1,922 metres at its Badger Lake property. Three holes were drilled from a single central location, and one was drilled about 270 metres to the north-north-west. Drilling successfully tested fault structures and analogies of major deposits, with core samples sent for analysis. Chief Executive Officer Sean Wade says: ‘This initial drill programme has successfully validated our geological models for Badger Lake. While still early in our exploration, encountering such geological conditions is a significant milestone for the project. We look forward to sharing the laboratory results with the market as we plan our next steps.’ ---------- Active Energy Group PLC - London-based, biomass-focused renewable energy developer - Active’s Ghummud site in the UAE is now fully energised ahead of schedule, with deployment of modular digital infrastructure underway. The site is expected to be operational ahead of its 10-12 week timeline. ‘This milestone further validates the company’s strategy of acquiring existing grid connections as a faster, more capital-efficient route to revenue generation. Rapid energisation and deployment significantly compress timelines, reduce execution risk, and provide a clear pathway toward the targeted 100 megawatt rollout,’ company says. Additionally, expects to complete the previously announced Kazna transaction by the end of April. ‘Given the advanced preparatory work already undertaken, energisation is anticipated to follow on an accelerated basis,’ Active adds. Looking ahead, Active ‘continues to see a compelling window of opportunity to scale through the acquisition of high-quality and ultra-low cost power grid connections, avoiding the delays and uncertainties associated with new-build developments, including permitting and utility approvals. In line with this strategy, Active Energy has identified two additional grid connection opportunities and has commenced initial due diligence and commercial negotiations.’ ---------- Atome PLC - Leeds, England-based green fertiliser project developer - Updates on the funding of its $650 million, 260,000 tonnes-per-year, low-carbon fertiliser plant at Villeta, Paraguay. Extends the longstop date to April 22 to enable finalisation of equity documentation and financial arrangements. ---------- Phoenix Copper Ltd - US-focused base and precious metals producer and explorer - Discussions are under way with several groups about raising funds necessary to complete detailed engineering in order to submit a plan of operations for its Empire Mine. Phoenix eyes funding structures that are ‘as non-dilutive to shareholders as possible.’ Says after securing funding, it ‘should be in a position to raise conventional debt and/or equity financing to build the infrastructure necessary to bring Empire into production.’ Adds that additional funding required to settle short term debt and for working capital has been ‘considerably streamlined.’ Phoenix remains in discussion with an accredited US based investor. Phoenix says its cash position remains ‘constrained.’ ---------- Caledonia Mining Corp PLC - Produces 14,767 ounces of gold in the first quarter, compared with 18,671 ounces a year ago. ‘A lower quarter was anticipated reflecting mining sequence and anticipated access constraints to higher grade, higher volume areas. Production during the quarter was also impacted by equipment availability issues and challenging ground conditions,’ company notes. However, a new mine shift system is being implemented which will increase mine production from seven days per week. Says it remains ‘comfortable’ with Blanket’s fullyear production guidance of 72,000 to 76,500 ounces. ---------- Panther Metals PLC - Canada-focused mineral deposits exploration company - Posts no revenue in 2025, unchanged from 2024. Pretax loss narrows to £1.3 million from £2.0 million. Looking ahead, remains optimistic on its Winston Project. ‘Subject to the necessary studies, the historical tailings reprocessing opportunity at Winston provides the potential for early cash flow while the underground resource expansion and mining proposition is advanced. Success at Winston should see a step-change in the company as our asset base is rerated,’ Panther says. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
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