19th Mar 2026 17:36
(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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Mila Resources PLC - gold exploration firm focused on Australia - Reverse circulation drilling is underway at the Yarrol gold project, with around half of the planned 1,600-metre programme completed despite adverse weather. Diamond drilling has extended the mineralised system to around 300 metres depth, confirming structural controls on gold mineralisation, with further assay results pending, as "geological understanding of the system improves," Mila says. The company also advances exploration at Monal, targeting copper-gold porphyry systems. This includes the completion of early-stage mapping and sampling across the site, identifying high-priority geophysical targets. Says exploration is advancing at Mt Steadman, where the mineralisation style "fits with a broader Yarrol-style multi-target gold portfolio." Given the proximity of Yarol and Mt Steadman Mila is "increasingly evaluating the area as part of a broader mineralised corridor that could help quickly build critical mass potential." Chief Executive Officer Mark Stephenson comments: "Our work programmes across Queensland continue to advance well and demonstrate the scale of the opportunity within Mila's portfolio."
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East Star Resources PLC - Kazakhstan-focused copper and gold explorer - Formalises joint venture agreement under which Hong Kong Xinhai Mining Services Ltd will farm into the Verkhuba Copper Deposit and advance it into production. East Star says the agreement will "finance, de-risk, and speed up the development" of Verkhub. Xinhai's investment for the feasibility study, mine development, and plant construction is estimated at USD65 million. Under the agreement. East Star will retain a 30% interest in the JV after Xinhai meets five development milestones at Verkhuba, which has a JORC inferred resource of 20.3 megatons at 1.16% copper, 1.54% zinc and 0.27% lead. Xinhai has the right to earn an increasing equity interest in the venture by funding 100% of required costs at Verkhuba, from additional resource definition drilling to commissioning and production. Initially, Xinhai and East Star will each appoint one director to the JV, with Xinhai able to appoint an additional director once it acquires more than 50%. Chief Executive Officer Alex Walker says the agreement "represents a significant milestone in cementing the pathway for the accelerated development of Verkhuba." East Star will retain 100% of its nearby advanced prospects, including the Soviet-era Rulikha deposit.
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RM Infrastructure Income PLC - Edinburgh-based investor focused on secured debt instruments of UK small and medium-sized enterprises - Publishes circular regarding the tender offer of GBP12 million to GBP14 million to be made to shareholders, subject to approval at a general meeting on April 24. This is part of its manage wind-down which the began in December 2023. Since then, RM has return GBP34.9 million by way of two tender offers, representing 35.2% of its then-issued share capital. The tender price is equal the prevailing NAV per share on March 31, which RM expects to be the prevailing NAV per share at the time of announcement of the final maximum aggregate value of the offer, the final number of available shares, the tender price, and the basic entitlement percentage of eligible shareholders. These details are expected to be announced on April 24.
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Robinson PLC - Chesterfield, Derbyshire-based manufacturer of plastic and paperboard packaging - Completes sale of around 1.3 acres of the Walton Works surplus property. Says gross consideration is GBP616,665, down from the estimated GBP1.0 million as final costs of GBP412,335 will now be paid by the purchaser. Costs of GBP429,000 had been expected. Proceeds will be used to reduce current debt. Notes most of the property was vacant with a small part periodically let to third parties on short term tenancies. The property posted rental income of GBP7,000 in 2025, with a book value of GBP540,000 at December 31 2025. "The intention of the group remains, over time, to realise value from the disposal of surplus properties and use the proceeds to reduce indebtedness and develop our packaging business," Robinson says.
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Altona Rare Earths PLC - Africa-focused resource exploration and development - Ordinary shares set to begin trading on the OTCQB venture market in the US on March 19. Comments: "This dual quotation on a recognised US platform for growth companies is a direct and strategic complement to the company's recent USD1.88 million grant from the USD Trade and Development Agency. Together, these milestones forge a direct pathway to engage with North American capital and strategic partners, significantly enhancing the company's profile within the world's largest and most vibrant critical minerals market."
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Afentra PLC - Africa-focused oil and gas company - Provides update agreement to purchase Etu Energias SA's interests in Blocks 3/05 and 3/05A, offshore Angola. Afentra says operator Sonangol E&P has elected to participate in the acquisition. Under a new agreemet, Sonangol, Afentra and Etablissements Maurel & Prom SA will jointly acquire Etu's 10% interest in Block 3/05 and 13.33% interest in Block 3/05A offshore Angola. In addition, Afentra (Angola) Ltd agrees to acquire a 3.33% interest in Block 3/05 and a 3.66% interest in Block 3/05A. Completion remains subject to government approval in Angola.
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By Aidan Lane, Alliance News reporter
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Related Shares:
Mila ResourcesEast Star ResoAltona Rare EarthsAfentra Plc.RobinsonRm Infra Inc