Artemis Resources (LON: ARV) reports high grade gold in veins at the Titan prospect. As well as significant grades of copper. A tenement review of the Carlow project area has led to mapping of further gold veins. These are parts of the Karratha gold project in the Pilbara region of Western Australia. This could be a large scale regional discovery. The share price jumped 84.2% to 0.875p.
Shares in spirits supplier Distil (LON: DIS) have recovered 50% to 0.375p following the announcement that Dr Graham Cooley increased his stake from 8.18% to 9.94%.
Orcadian Energy (LON: ORCA) has entered into binding licence agreements for its three new North Sea licences. One of these is the Earlham licence in the UK Southern North Sea, where a farm out deal for the potential gas field is being targeted. The gas could be used to generate power. The share price increased 19.4% to 10.75p.
Kazera Global (LON: KZG) has received certification in South Africa that will enable the Whale Head Minerals project to commence mining of heavy mineral sands in the next few weeks. There are talks with potential off takers. The share price improved 18.2% to 0.65p.
FALLERS
accesso Technology (LON: ACSO) says weak theme park and attraction volumes and delayed new openings in the Middle East mean that full year revenues of the ticketing technology company will be between $150m-$1553m. Previously at least $160m was expected. Costs are being reduced. The interim results will be published on 26 September. Net cash was $23.3m at the end of July 2024. The share price slumped 26.4% to 515p – just above its low for the year.
Quantum Blockchain Technologies (LON: QBT) is continuing with its R&D activities to develop AI-based improvements to Bitcoin mining and changing operating systems from CGMiner to AxeOS. The company hopes to provide Bitcoin mining demonstrations to potential partners. The share price slipped 19.4% to 0.625p.
ITM Power (LON: ITM) confirms it reduced cash burn in the year to April 2024. Revenues were £16.5m and net cash was £230.3m. The electrolyser technology developer could still have net cash of £150m by the end of April 2025. ITM Power has been winning contracts, but it needs to win many more, which requires clients to make decisions more quickly. The share price fell 4.34% to 55.625p.
Following a restructuring of the Curzon Uranium offtake agreement the NPV8 of the Tiris uranium project rises to $388m. Aura Energy (LON: AURA) owns 100% of Tiris project in Mauritania and a final investment decision is getting nearer. The share price is 3.57% lower at 6.75p.
Gooch & Housego (LON: GHH) says destocking is coming to an end, but delays in business mean that some will slip into next year. The optical and laser equipment manufacturer expects pre-tax profit to be £1.5m lower than previously forecast for the year to September 2024 with an improvement to £13.3m next year. Cavendish has reduced its forecast to £8.1m. Net debt is expected to be £21.3m. The share price declined 3.36% to 460p.
Ex-dividends
Samuel Heath & Sons (LON: HSM) is paying a final dividend of 8.56p/share and the share price slipped 10p to 400p.
Iomart (LON: IOM) is paying a final dividend of 3p/share and the share price rose 1.5p to 123.5p.
Jarvis Securities (LON: JIM) is paying a dividend of 1p/share and the share price is unchanged at 53p.