4th May 2026 19:53
Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Wednesday and Thursday last week and not separately reported by Alliance News:
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Amigo Resources PLC - focussed on gold and rare earth mining opportunities in Africa, principally in Tanzania and Mauritania - Reports results from its exploration programme at the Mojimoto project in Tanzania. The programme included the deployment of proprietary micro-seismic survey techniques integrated with AI-assisted subsurface modelling; systematic geochemical soil sampling and multi-element analysis; trenching and surface validation work across identified anomalies. Says it has defined nine primary mining licence areas at Mojimoto following the completed programme. Additionally, multi-element geochemical analysis identifies anomalous gold responses across the project area. Says this is "supported by elevated pathfinder element signatures consistent with structurally controlled gold systems typical of the Lake Victoria goldfield." Lastly, preliminary sampling of tailings and previously worked material from nearby artisanal mining operations confirms the presence of residual gold values. This indicates "potential for both primary exploration and the re-treatment of historic material," Amigo says. Subsidiary Afri Core Resources Ltd begins engagement with holders of the identified PMLs and is progressing formal agreements to support further exploration and development. Elsewhere, mineral licences relating to its Kabete gold project have now been formally granted. This enables the commencement of on-ground operational and exploration activities.
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Hydrogen Capital Growth PLC - investment trust that invests in companies focused on clean hydrogen and energy storage - Shares have been admitted to trading on JP Jenkins share dealing platform. This follows the March announcement that it would seek to delist from the London Stock Exchange, which has now taken effect. The company is currently pursuing a managed realisation strategy.
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Hargreaves Services PLC - Durham, England-based provider of services for environmental, infrastructure and property sectors - Announces results of tender offer for up to 2.4 million shares, 7.12% of its share capital, at a tender price of 850 pence per share. 18.9 million shares have been validly tendered, equal to 57.07% of the share capital, meaning 2.4 million shares have been purchased worth a total of GBP20 million. All excess tenders are to be scaled-back pro rata. Payment is expected no later than May 22.
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Celsius Resources Ltd - developer of the Maalinao-Caigutan-Biyog copper-gold project in the Philippines - Says it remains hopeful of completing the sale of its non-core Opuwo Project in Namibia before the end of 2026, as discussions are progressing well with multiple parties submitting non-binding indicative offers and completing site visits. Elsewhere, subsidiary Tambuli Mining Company Inc continues to coordinate closely with the regulator to advance approval of its environmental impact statement for the Sagay Copper-Gold Project in the Phillipines. Also, updates on the potential transfer and assignment of the Maharlika Investment Corp loan position under its omnibus loan and security agreement with Makilala Mining Company Inc, Celsius' Philippine affiliate. Says it has received formal notification from MIC that Equinaire Holdings Ltd, a wholly owned subsidiary of Kiri Industries Ltd of India, has executed an assignment agreement with MIC. "The acquisition of the loan represents a precursor transaction that is expected to enable the group to benefit from off-take arrangements, ensuring preferential supply of copper ore/concentrate from Makilala Mining Company Inc for its upcoming copper facility being developed by Indo Asia Copper Ltd," the company says. Celsius is advancing a structured funding process to support the development of the MCB Projects, with indicative non-binding financing proposals having been received from "a broad suite of well credentialed offtakers." Says it "would welcome the formal participation of Kiri in this process." Celsius has extended the timeline for completion of the MCB financing and a final investment decision to the fourth quarter of 2026. Says search for non-executive chair continues. Celsius is focused on candidates with "requisite leadership, sector experience, and governance expertise to guide Celsius towards a final investment decision and the successful development of the Maalinao-Caigutan-Biyog Copper-Gold Project." Expects to undertake a broader board review following the appointment of the non-executive chair.
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Kore Potash PLC - London-based firm which owns the Kola and DX potash projects in Republic of Congo - Says Kola has seen continued progress during the second quarter. Says shaft and underground mining front end engineering design work between PowerChina International Group Ltd and United Mining Services Group is ongoing. The environmental and social impact assessment has resumed after a brief hiatus. Chief Executive Officer Andre Baya says: "Kola's importance, scale and its geographical location should not be underestimated at a time when the security of the world's food supply remains at the mercy of global disruptions. Kola is a globally significant potash project with a team intent on driving it towards production and making a difference to this. The remainder of 2026 promises to be a highly significant one for Kore as we look forward to further progressing Kola. I look forward to providing further updates in due course." Kore's cash balance is USD8.3 million at March 31, down frpm USD10.2 million a year ago.
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Chesterfield Special Cylinders Holdings PLC - Sheffield, England-based engineering firm - Expects half-year 2026 revenue of GBP6.4 million, up from GBP5.4 million in 2025, alongside and an adjusted Ebitda loss of GBP800,000 after central costs, narrowed from GBP1.3 million in 2025. Calls trading "broadly in line" with management expectations. Says it remains frustrated by continued delays to the roll out of UK Hydrogen Allocation Round projects. Notes "any related contract wins will now come too late to benefit FY26 results." Adds: "In the first half, the company strengthened its overseas defence order book and secured its first order for integrity management services on overseas naval submarines. However, some UK naval integrity management deployments originally expected in FY26 have been postponed into FY27 due to delayed fleet docking schedules." Overall, Chesterfield anticipates 2026 revenue and adjusted Ebitda similar to revenue of GBP16.6 million and adjusted Ebitda of GBP800,000 in 2025, slightly behind market expectations of adjusted Ebitda of GBP1.0 million. Chesterfield plans to publish interim results on May 20.
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Kefi Gold & Copper PLC - gold and copper exploration and development company targeting Ethiopia and Saudi Arabia - Updates on its Saudi Arabian portfolio is held through its 13% shareholding in Gold and Minerals SLA joint venture created with Abdul Rahman Saad Al Rashid and Sons Company Ltd. Says the definitive feasability study for the Jibal Qutman Gold Project is currently under third party review for consideration by the Gold and Minerals SLA board and refinement of strategy and plans over coming months. A mining licence application has been lodged. Accordingly, Gold and Minerals SLA is advancing the relevant workstreams to address its final investment decision on the project. At the Hawiah project, the resource potential has been expanded with the award of the Umm Hijlan Exploration Licence, which has doubled the strike length of the Hawiah mineralised system currently under development study. Says GMCO's new joint venture with Hancock Prospecting has secured the highly prospective Al Hajar North mineralised belt, which is parallel with and analogous to the Wadi Bidah Minerals District which hosts Hawiah. "The broader industry's validation of this prospectivity is evident, with areas not previously selected by GMCO subsequently being pegged by a joint venture between Ivanhoe Electric and Ma'aden," Kefi says.
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Alba Mineral Resources PLC - Northern Europe-focused mineral explorer - At the Motzfeldt Critical Metals Project in south Greenland, announces high-grade assay results from its Merino target within its Motzfeldt mineral licence areafrom 13 surface rock samples collected during the 2025 field season. Results include: total rare earth oxides reached up to 1.36%, averaging 0.71%, while niobium graded 0.73% with an average of 0.5% and zirconium 2.3%, with an average of 1.2%. "An average of 19% of the TREO in these assay results is composed of key magnet metals Praseodymium, Neodymium, Dysprosium and Terbium. Furthermore, an average of 11% of the TREO is composed of high-value heavy rare earth elements, which compares favourably to a number of advanced rare earth projects around the world. To put these results in context, the average TREO, Niobium and Zirconium grades in these samples is in each case at least 2.6 times greater than the equivalent grades in the current Motzfeldt JORC resource area which was delineated solely from drilling at the Aries deposit, around 2 kilometres away from Merino," company says. At the Clogau-St David's Gold Mine in Wales, completes its tenth blast at the new development on Level 5. The total length of the new development on Level 5 now stands at around 13.8m. Says roof support measures continue to be implemented, which has slowed the speed of development. "The hiatus in drilling and blasting during April has been due to a combination of the availability of specialist personnel and the focus in the past few weeks on integrating a new concentrator into the pilot plant circuit, which has required several modifications to be implemented including regarding electrics, pipework and water. Alba is working towards a resumption of drilling and blasting in the week commencing May 4," it adds.
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Switch Metals PLC - Raises GBP1.0 million gross through a direct subscription of shares at an issue price of 10 pence per share. Also announces a retail offer via the Winterflood Retail Access Platform to raise up to GBP150,000 through the issue of up to 1.5 million shares at the same price.
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First Tin PLC - tin mine developer targeting Germany and Australia - Receives an updated mineral resource estimate for its 100% owned Taronga Tin Project in New South Wales, Australia, prepared by H&S Consultants Pty Ltd. "The updated MRE indicates the successful conversion of a significant proportion of inferred resources into the measured and indicated categories, supporting an expected increase in mine life and enhanced project economics for the forthcoming optimised definitive feasibility study," First Tin says. Updates include: measured resources increased by 7,000 tons tin and indicated resources increased by 4,400 tons tin. CEO Bill Scotting says: "This resource update demonstrates the successful conversion of targeted Inferred mineralisation into Measured and Indicated categories, enabling inclusion in ongoing financial evaluations. This is a significant step forward for Taronga. We look forward to incorporating updated pit designs and an extended life of mine, based on the new MRE, in our forthcoming DFS update. The maiden Inferred Resources for copper and silver highlight additional longer-term value potential, which will be considered post the current DFS optimisation work."
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By Aidan Lane, Alliance News reporter
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