20th Jan 2025 13:11
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
----------
Checkit PLC - Cambridge-based workflow management software provider - Reports "contract wins in the US and the UK". It also lands pact extensions with some UK customers. One of the "largest private healthcare providers" worldwide has renewed an existing UK pact with Checkit for another three and a half years. In addition, the customer extends usage of the Checkit platform to a further four additional sites. It increases the annual value of the contract by GBP98,000 to around GBP800,000. In addition, an NHS hospital extends its agreement with Checkit to cover all "pathology departments for a period of three years". The pact follows a "competitive procurement process". This takes the yearly value of that contract to GBP327,000, a rise of GBP80,000. Also in the UK, a "network of four pathology laboratories" sign a seven-year deal to implement a Checkit solution across five NHS trusts. "Total contract value for the seven year agreement is GBP440,000 with further expansion opportunities including digitisation of manual compliance checks actively being discussed," the London listing explains. It also announces Frimley NHS Foundation Trust renews a deal by five years for a total contract value of GBP650,000, while Nuffield Health extends a pact for three years with a total contract value of GBP420,000. Finally, it says on UK trading: "A number of net new customers were acquired during H2 in the UK including an initial contract with Thomas Franks, a contract caterer with a focus on business, industry and the independent school sector, and four more contracts with Compass Contract Services (bringing the total number of Compass related sites to 29) and Ramsay Health Care UK Operations Ltd. Checkit is now used by five of the top six private hospital providers in the UK." In the US, it opened a new market in the second half of 2024 with the signing of three new contracts with care home providers. It has a total contract value of GBP340,000 over three years. "Elsewhere, the group is pleased to announce a contract with CBRE that presents significant upsell and cross sell potential in line with Checkit's "land and expand" strategy. Checkit also secured a new contract with Canadian Plasma Resources Corp doing business as Grifols across 16 sites with a total contract value of GBP160,000 over three years," Checkit adds.
----------
Tertiary Minerals PLC - mineral development company focused on deposits in the US, Zambia and northern Europe - Reports find of "economically significant silver and cobalt mineralisation" at Mushima North project in Zambia. "This is an exciting grass roots discovery," Executive Chair Patrick Cheetham says. "So far, we have checked only one of a number of adjacent 50m spaced drill holes on Line 1 that contain wide intervals of copper and zinc and which were drilled within the newly defined silver soil anomaly. We anticipate that these holes may also have significant silver contents. With so many of these holes ending in mineralisation and the open-ended silver anomaly being at least 1.3km long, it's clear we have only just scratched the surface at Mushima North." Cheetham says the "wide interval of silver mineralisation" reported Monday suggests "a target of potential economic interest".
----------
Strategic Minerals PLC - mineral explorer & producer, with a portfolio of projects in the US, UK, and Australia - Sales volumes in the final quarter of 2024 improve on-year to 19,952 tonnes from 4,478 tonnes. For the full-year volumes exceeded "prior management guidance", jumping to 70,658 tonnes from 17,965 tonnes. Revenue for the quarter jumps to USD1.3 million from USD390,000 a year prior. Annual revenue tops guidance at USD4.7 million, trebling from USD1.5 million in 2023. "The company continues to benefit from the return of Cobre's major client in the 2024 operational year and the in-country team have consistently delivered when scaling operations to meet demand," Strategic Minerals says. "On 28 November, the company announced an extension of its access to the Cobre magnetite stockpile from 31 March 2027 to 31 March 2029 and a new significant purchase order of up to 30,000 tonnes from a major client for 2025, underpinning the revenue profile of the company going forward."
----------
Kodal Minerals PLC - West Africa-focused mineral explorer and developer - Power generation plant at Bougouni lithium project in Mali is now operational. This "paves the way" for full commissioning of a stage 1 dense media separation processing plant "in the coming weeks". DNS is a process in which particles are separated. "The construction and commissioning of the DMS processing plant at the Ngoualana open pit mine at the project continues ahead of lithium spodumene production, which is expected in the first quarter of 2025," Kodal adds. "A fully functional power generation plant is the first important step in the DMS processing plant commissioning phase. It provides the means to test all the drives, electrical and instrumentation systems within the DMS processing plant. The power plant generators arrived on site in mid-December 2024, and the site team worked tirelessly to successfully complete the installation, cabling and testing of the equipment, to achieve this important 'power-on' milestone."
----------
Botswana Diamonds PLC - Botswana and South Africa-focused diamond explorer - Reports it has applied for three prospecting licences as it looks to secure key anomalies spotted by an artificial intelligence programme. In December, it said AI work found seven significant kimberlite targets "that have never been previously reported". One of the targets was of "extremely high interest", the firm said at the time. It says on Monday: "Botswana Diamonds already holds a prospecting licence over one of the targets and has now applied for licences containing three more." Last week Wednesday, the firm said licences 224/2007 and 169/2019 were renewed for two years until the end of December 2026 by Botswana's minister of minerals & energy. "These licenses include the KX36 discovery, as well as several high-grade geophysical anomalies where authorisation has been granted for drilling," Botswana Diamonds said.
----------
New Frontier Minerals Ltd - minerals exploration company in Australia with exposure to copper, heavy rare earth minerals and uranium - New Frontier reports it has kicked off a geophysical survey at the Harts Range project in Australia's Northern Territory. "The survey aims to expedite exploration over untested areas, identify additional targets and explore extensions of known uranium, niobium, and heavy rare earths mineralisation," it adds. On Wednesday, it reported fieldwork found additional sites and underpinned already known uranium, niobium and heavy rare earth minerals mineralisation at the Cusp prospect located in Harts Range. New Frontier also reported "visual Copper mineralisation was identified" to the north of Cusp. "Our exploration campaign now moves into top gear, with the upcoming heliborne geophysical survey to play a critical role in identifying additional regional uranium, niobium and HRE targets for ground truthing and prioritisation for drilling," Chair Ged Hall said. Niobium is commonly used in alloys such as stainless steel, while applications for heavy rare earth minerals include clean energy technology and hybrid vehicles.
----------
Jadestone Energy PLC - Asia-Pacific-focused energy company - Exited 2024 with a group output rate of 24,000 barrels of oil equivalent per day, a monthly record. Jadestone adds: "Production performance into year-end 2024 benefitted from several factors, including stabilisation of operations at the Akatara project in Indonesia, good uptime and subsurface performance at Montara and continued outperformance at the CWLH asset. There was also the continued positive impact of the Malaysia drilling campaign in late 2023 and elevated gas demand in northern Thailand supporting higher Sinphuhorm output. Stag production also increased into the year-end, benefitting from successful recent workover activity." In the whole of 2024, output averaged 18,700 boe/d, a record for the firm, and up 35% from 2023. It plans to issue a trading statement in February outlining its operational and financial performance. The statement will include guidance for 2025. On Thursday, Jadestone named David Mendelson as independent non-executive director with immediate effect. Mendelson brings "35 years of experience in the energy sector", the most recent 25 being at TotalEnergies SE. "Immediately prior to retirement, he was a member of the TotalEnergies E&P Executive Committee, holding the position of senior vice president for TotalEnergies' Exploration & Production business in the Americas, covering eight different countries including operations in USA, Canada, Argentina, Bolivia and Brazil," Jadestone says.
----------
Zephyr Energy PLC - Rocky Mountain region-focused oil and gas company that aims for responsible resource development and carbon-neutral operations - Work to drill extended lateral on State 36-2 LNW-CC-R well in the Paradox Basin, Utah has begun. The firm adds: "The extended lateral will be drilled horizontally from near the base of the existing wellbore and will target an additional 5,500 feet of the Cane Creek reservoir. Drilling operations are expected to take approximately 30 days. Immediately after drilling operations have concluded, the Nabors rig will be demobilised at which point equipment for the completion and production testing of the well will be moved to site. It is currently expected that the results from the production test on the well will be available by the end of March 2025."
----------
Predator Oil & Gas Holdings PLC - oil and gas firm with activities focussed on Morocco and Trinidad - Civil engineering work at MOU-5 drill site in Morocco has begun. The asset is located at the onshore Guercif licence. The work is to "improve access roads and prepare the MOU-5 well pad". Predator forecasts MOU-5 drilling operations are on track to commence on or around February 25.
----------
Journeo PLC - Leicestershire-based provider of information systems and technical services to transport firms - Wins GBP1.1 million purchase order from Cardiff Council in Wales for provision, installation and maintenance of high-definition real time passenger information displays. Journeo will replace remaining legacy displays in Cardiff. "The new displays will connect to the Welsh Bus Data Content Management System, a nationwide platform to manage the content of transport displays, also managed by Journeo," it adds.
----------
By Eric Cunha, Alliance News news editor
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.