25th Aug 2026 20:45
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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ALT Resources PLC - mining royalty and streaming company - Executes two binding option agreements in respect of the Freedom gold mine in North Queensland, Australia, owned by Freedom Metals Pty Ltd. Under the agreements, ALT has the right to acquire a gold stream over up to 50% of gold production from the project and a 50% equity interest in Freedom. Says it intends to exercise the options conditional upon, and immediately following admission of its ordinary shares to trading on AIM. Targets admission in or around October 2026, although there can be no assurance that admission will occur within this timeframe. First gold production is targeted around the first quarter of 2027. Separately, says discussions regarding a proposed joint venture with Tartana Resources Ltd in relation to Tartana's copper sulphate operations conclude without an agreement. Says no material costs have been incurred in respect of the discussions.
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Emmerson PLC - developer of the Khemisset potash mine in Morocco - Says following the rejection of Morocco's application for bifurcation of the case in July, the tribunal confirms the procedural calendar for the remainder of the arbitration. Due in January 2027, is Morocco's counter-memorial, in which it will set out its defences and jurisdictional objections to the claims and provide supporting evidence. Emmerson's reply is due in October 2027. Morocco's rejoinder is then due in January 2028. The hearing will take place from 17-26 July 2028. The company's subsidiaries, Khemisset UK Ltd and Potasse de Khemisset SA, are pursuing arbitration against Morocco before the International Centre for Settlement of Investment Disputes. The claim seeks USD1.215 billion, net of local taxes and including interest, in compensation for alleged losses caused by Morocco's breaches of the UK-Morocco bilateral investment treaty. The subsidiaries allege Morocco unlawfully expropriated the Khemisset project and failed to provide fair and equitable treatment, full protection and security, and protection from discriminatory measures.
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Synergia Energy Ltd - West Perth, Australia-based oil and gas company - Updates on its Cambay production sharing contract. Says following the workover of the C-19z, C-64 and C-74 legacy wells, a program to tie in associated gas via a newly constructed in-field pipeline network to the C-73 gas export facility has been completed. "For the last 3.5 years, gas has been produced and exported from the C-77H and C-73 wells. Currently, associated gas from the C-19z and C-64 wells is being co-mingled with the long-term C-73 and C-77H gas wells, with a total gas production of 124 thousand standard cubic feet per day as of August 23. It is anticipated that this will rise to circa 200 Mscfd when the associated gas from the C-74 well is brought online over the coming days. The associated gas from the C-08 well has yet to be tied in," company says.
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Savannah Energy PLC - London-based developer of hydrocarbon and renewable energy projects in Africa - Cash collections total USD247.9 million in 7 months to July 31, up 13% from USD219.2 million. Net debt is USD672.0 million at July 31, up from USD658.8 million on December 31. Says its current focus is on completing the Uquo South exploration well, where it has discovered gas in most of the targeted reservoirs, and the continued expansion at Stubb Creek. "Following completion of the well, we will undertake further testing and evaluation to assess the significance and potential resource implications of the discovery," Chief Executive Andrew Knott says. Expects to release its 2025 annual report in September. Shares will remain suspended until publication.
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Sunrise Resources PLC - focused on industrial mineral projects in Nevada - Updates on its 100%-owned Newark Gold Project, which it says "represents a compelling target with demonstrated mineralisation that remains open at depth and is underexplored." "Previous drilling was relatively shallow and failed to test the most prospective geological units that host gold in this area. Our clear objective is to secure a joint venture partner to advance deeper drilling and aggressively test these key horizons," says Executive Chair Patrick Cheetham.
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Pennant International Group PLC - Cheltenham, England-based provider of systems support, technical services and training with focus on defence sector -Announces progress from its strategic partnership with Siemens Digital Industries Software. Says it has secured a further Auxilium software sale through its Siemens channel partnership to a major US defence end user. "The contract follows the first Siemens-generated Auxilium order secured earlier this year and further validates the strategic rationale behind the partnership," Pennant says. As a result of continued new customer acquisition and expansion within its existing customer base, Auxilium ARR reaches GBP2.9 million, compared with GBP2.4 million at the end of 2025. CEO Phil Walker says: "We are delighted to have secured a further Auxilium sale through our partnership with Siemens. Achieving a second channel-driven win with a major US defence customer provides further validation of both our product offering and our go-to-market strategy."
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Eco Atlantic Oil & Gas Ltd - Atlantic margin-focused oil and gas explorer with offshore license interests in Guyana, Namibia and South Africa - Notes recent announcements from its strategic partner Navitas Petroleum LP regarding assets in the Falkland Islands and South Africa. Navitas intends to drill a multi-target exploration well on PL001 during its development drilling campaign in the North Falkland Basin, with part of the Sea Lion Project drilling campaign expected to commence at the beginning of 2027. "Navitas estimates that the first chosen drilling target on PL001 holds a 2U prospective resource of 640 million barrels of oil. Based on this estimate and pending completion of Eco's acquisition of JHI Associates, Inc, Eco's share of the 2U prospective resource of PL001 will be approximately 225 MMbbl in the drilling success case. Navitas notes that in a success case this target could be tied back to the Sea Lion platform," Eco says. Navitas notes that several additional prospects are not yet included in the resource reports. Additionally, says it and Navitas have been working closely together to assess the scale of Block 1 CBK offshore South Africa's prospective resource and its potential future development options for the acreage.
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80 Mile PLC - portfolio of energy, critical minerals and industrial gas projects with assets in Greenland, Finland and Italy - Subsidiary Hydrogen Valley secures two sustainability certifications for the Greenswitch Srl Ferrandina biodiesel facility in southern Italy. "Greenswitch has been awarded both the Italian National Sustainability Certification Scheme and the International Sustainability and Carbon Certification for the Ferrandina Biodiesel facility in Italy. These certifications formally confirm that products from the Ferrandina plant meet the sustainability, traceability and greenhouse gas emissions-saving criteria required under Italian and European Union renewable fuels regulations," company says, adding: "This significantly enhances the commercial attractiveness of Ferrandina's output to fuel distributors and obligated parties, and is expected to support stronger pricing and more favourable offtake discussions."
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By Aidan Lane, Alliance News reporter
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Related Shares:
Alt ResourcesEmmerson PlcSynergia EnergySavannah EnergySunrise Resources PLCPennant International80 MileEco (atlantic)