14th Jul 2025 21:53
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Great Southern Copper PLC - Chile-focused copper, gold and lithium explorer - Announces the completion of ground geophysical surveys at the Cerro Negro prospect within Great Southern Copper's Especularita project, in Chile. Initial results from the gradient array induced polarisation survey define multiple geophysical targets along trend south of the mine, GSC says. The survey was completed at Cerro Negro in advance of Phase III drilling. The results define a 2.5km long anomalous trend to the south of the Mostaza copper/gold mine which remains open, GSC adds. Phase III drilling preparation is well advanced, company adds. "This is an exciting development and confirms significant potential for the Mostaza copper-silver mineralisation to extend southward along the Mostaza Fault Zone," says Chief Executive Sam Garrett. To prioritise Especularita, GSC says will not proceed with the option agreements at the San Lorenzo Cu-Au and Monti Li projects. "With capital raising conditions still challenging, this is considered to be the most effective solution for maximising the potential of this opportunity," Garrett explains.
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Fair Oaks Income Ltd - Guernsey-based investor which specialises in collateralised loan obligations - Says that it will return USD7.3 million on July 25 by way of a compulsory partial redemption of realisation shares. The seventh redemption will be effected at 52.97 US cents per share, the net asset value per realisation share as at May 30.
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Empresaria Group PLC - Crawley, England-based staffing provider in the professional, IT, healthcare, property and commercial sectors - Planmatics Ltd says Hendriks Family signs a non-binding letter of intent on Friday confirming their intention to back any scheme or to accept the takeover offer for Empresaria in respect of their entire holding of 4.9 million shares, around 9.8% of Empresaria. Planmatics now has support of 70% of Empresaria shareholders for its bid.
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Tern PLC - internet-of-things focused investor - Raises GBP642,486 via an open offer of 64.2 million shares at 1.00 pence each. Shareholders are entitled to subscribe for one open offer share for every 9 shares held. The Open Offer is being underwritten in full by CMC Markets UK PLC.
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Touchstone Exploration Inc - onshore oil and gas producer in Trinidad - Provides an operational update on the Central Block asset located onshore in the Republic of Trinidad and Tobago. In May, Touchstone completes the acquisition of Shell Trinidad Central Block Ltd, which holds a 65% operating interest in the onshore Central Block exploration and production licence. The Central Block asset includes four producing natural gas wells and a gas processing facility. Production from the Central Block averaged 2,969 barrels of oil per day during the first quarter of 2025, company says, while preliminary field estimates suggest second quarter 2025 gross production averaged 3,023 boe/d. "Since the completion, we have delivered quarter-over-quarter production growth through continued plant optimization - an excellent achievement by our Central Block team," says Chief Executive Paul R Baay. Adds: "The Central Block's strong performance supports our acquisition rationale and enhances our marketing flexibility, diversifying revenue streams across LNG, petrochemical, and fixed-price gas sales."
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By Jeremy Cutler, Alliance News reporter
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Related Shares:
Great Sth CoppFair Oaks Inc21Empresaria GroupTernTouchstone Exploration