Alliance News) – The following is a collection of earnings of London-listed companies, released on Wednesday and Thursday last week and not reported separately by Alliance News:
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Amigo Resources PLC – focused on gold and rare earth mining opportunities in Africa, particularly in Tanzania and Mauritania – Reports from its exploration program at the Mojimoto project in Tanzania. This program included the deployment of micro-seismic survey techniques combined with AI-assisted subsurface modeling; systematic geochemical soil sampling and multi-material analysis; work to strengthen and confirm the location of all identified anomalies. It says it has defined nine mining license areas in Mojimoto following the finalized plan. Additionally, multi-element geochemical analysis indicates unusual gold responses throughout the project area. He says this is “supported by elevated pathfinder signatures associated with conventionally controlled gold systems in the Lake Victoria goldfield.” Finally, preliminary sampling of residue and pre-worked material from nearby artisanal mining operations confirms the presence of residual gold values. This shows “possibilities for both primary exploration and re-handling of historical materials,” Amigo said. A subsidiary of Afri Core Resources Ltd is beginning discussions with the owners of the identified PMLs and is advancing formal agreements to support further exploration and development. Elsewhere, mineral licenses related to its Kabete gold project have now been officially granted. This enables ground operations and inspections to begin.
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Hydrogen Capital Growth PLC – an investment trust that invests in companies focused on clean hydrogen storage and energy – Shares are allowed to trade on the JP Jenkins trading platform. This follows the announcement in March that it will seek delisting from the London Stock Exchange, which has already begun. The company is currently pursuing a managed fulfillment strategy.
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Hargreaves Services PLC – Durham, England-based provider of services for the environmental, infrastructure and construction sectors – Announces the results of a tender offer of up to 2.4 million shares, 7.12% of its capital stock, at a tender price of 850 pence per share. A total of 18.9 million shares were purchased, equivalent to 57.07% of the capital stock, which means that 2.4 million shares were purchased with a total value of GBP20 million. All excess tenders will be canceled on a pro rata basis. Payment is expected before May 22nd.
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Celsius Resources Ltd – the developer of the Maalinao-Caigutan-Biyog gold project in the Philippines – says it remains hopeful of completing the sale of the non-core Opuwo Project in Namibia before the end of 2026, as negotiations are progressing well with several parties submitting non-binding offers and completing site visits. Elsewhere, subsidiary Tambuli Mining Company Inc continues to work closely with the regulator to advance the approval of its environmental impact statement for the Sagay Copper-Gold project in the Philippines. Also, updates on the possible transfer and assignment of Maharlika Investment Corp’s loan position under its omnibus loan and security agreement with Makilala Mining Company Inc, Celsius’ Philippine subsidiary. It says it has received an official notification from MIC that Equinaire Holdings Ltd, a wholly owned subsidiary of Kiri Industries Ltd of India, has entered into an employment agreement with MIC. “Obtaining the loan represents a project that is expected to help the group to benefit from the transportation plans, to ensure that copper ore/concentrate is available to Makilala Mining Company Inc for development by Indo Asia Copper Ltd,” the company said. Celsius is developing a structured funding process to support the development of MCB Projects, with non-binding financial proposals accepted from a “wide range of qualified developers.” It says it “welcomes Kiri’s formal participation in the process.” Celsius has extended the timeline for completion of MCB’s financing and final investment decision to the fourth quarter of 2026. He says the search for a non-executive chairman is ongoing. Celsius is focused on candidates who “have the necessary leadership, industry experience, and governance expertise to guide Celsius in the final investment decision and successful development of the Maalinao-Caigutan-Biyog Copper-Gold Project.” A comprehensive review of the board is expected following the appointment of a non-executive chairman.
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Kore Potash PLC – The London-based company that manages the Kola and DX potash projects in the Republic of Congo – Says Kola saw steady progress during the second quarter. It says the work on the engineering design of the shaft and underground mines between PowerChina International Group Ltd and United Mining Services Group is ongoing. The environmental and social impact assessment has resumed after a temporary hiatus. Chief Executive Officer Andre Baya says: “The importance of Kola, its scale and location should not be underestimated at a time when the security of the world’s food supply is due to global disruption. Kola is the most important potash project in the world with a team that aims to drive it into production and make a difference in this. The remainder of 2026 promises to look forward to continuously supplying Kola. Updates later.” Kore’s cash balance is USD8.3 million as of March 31, down from USD10.2 million a year ago.
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Chesterfield Special Cylinders Holdings PLC – Sheffield, an engineering firm based in England – Expects a profit for the half year of 2026 of GBP6.4 million, from GBP5.4 million in 2025, close to an adjusted Ebitda loss of GBP800,000 after average costs, reduced from GBP1.25 billion for the trading line of calls expected in 2. It says it remains frustrated by continued delays in the release of UK Hydrogen Allocation Round projects. Notes “any related contract wins now will come too late to benefit FY26 results.” He adds: “In the first quarter, the company strengthened its offshore defense order book and confirmed its first order for integrity management services for offshore vessels. However, some UK naval integrity management deliveries originally expected in FY26 have been pushed back to FY27 due to delays in grounding plans.” Overall, Chesterfield expects a 2026 profit 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 – a gold and copper exploration and development company targeting Ethiopia and Saudi Arabia – Updates on its Saudi Arabian portfolio held by its 13% stake in Gold and Minerals SLA joint venture formed with Abdul Rahman Saad Al Rashid and Sons Company Ltd. refinement of strategies and plans in the coming months. A mining license application has been submitted. Accordingly, the Gold and Minerals SLA develops the appropriate working methods to address its final investment decision on the project. For the Hawiah project, resource potential has been expanded with the award of the Umm Hijlan Exploration Licence, which has doubled the strike length of the Hawiah mineral program currently under exploration. It says GMCO’s new joint venture with Hancock Prospecting has secured the highly anticipated Al Hajar North mineralized belt, which is complementary and similar to the Wadi Bidah Minerals District that hosts Hawiah. “This is a confirmation of the wider industry, with areas not previously selected by GMCO being identified for the merger between Ivanhoe Electric and Ma’aden,” said Kefi.
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Alba Mineral Resources PLC – A mineral explorer focused on Northern Europe – For the Motzfeldt Critical Metals project in southern Greenland, announces the results of high-quality tests from its Merino target within its Motzfeld mineral license area from 13 surface rock samples collected during the 2025 field season. The results include: the total of rare earth oxides reached 1.36%, an average of 0.71%, while niobium received 0.73% with an average of 0.5% and zirconium 2.3%, with an average of 1.2%. “An average of 19% of TREO in these test results is made up of the main magnetic metals Praseodymium, Neodymium, Dysprosium and Terbium. In addition, an average of 11% of TREO is made up of heavy rare earth elements of high value, which compares well with the value of the developed earth results, setting the number of rare earth elements in the world for T. The ranges of Niobium and Zirconium in these samples are 2.6 times greater there are equivalent markers in the current resource area of Motzfeldt JORC defined by the mining of the Aries deposit, at a distance of 2 kilometers from Merino,” the company said. The Clogau-St David’s gold mine in Wales, is completing its tenth blast at a new Level 5 development. The height of the new development on Level 5 now stands at 13.8m. It says roof support measures continue to be used, which has slowed the pace of development. “The suspension of drilling and blasting in April was due to a combination of the presence of technical personnel and the focus of the last few weeks on assembling a new concentrator in the test equipment, which required a number of changes including electrical, plumbing and water. Alba is working to resume drilling and blasting,” it added on May 4.
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Switch Metals PLC – Raises GBP1.0 million in capital through direct subscription of shares at an issue price of 10 pence per share. It is also announcing a retail offer through 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 – a tin mining developer targeting Germany and Australia – Receives a revised mineral estimate for the 100% owned Taronga Tin Project in New South Wales, Australia, prepared by H&S Consultants Pty Ltd. a definitive feasibility study,” said First Tin. Updates include: measured resources increased by 7,000 tons and indicated resources increased by 4,400 tons. CEO Bill Scotting says: “This resource update reflects the successful conversion of the target mineral reserves into Probable and Indicated categories, allowing for inclusion in further financial evaluation. This is an important step forward for Taronga. We look forward to incorporating updated pit designs and extended mine lives, based on the new MRE, into our upcoming long-term Coffeered Resources DBS highlights. possible, which will be considered after the current DFS work.”
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By Aidan Lane, Alliance News reporter
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Rating of the company Celsius Resources Limited 
Company Kore Potash PLC 
Chesterfield Sp 
Kefi Gold & Copper 
Alba Mineral Resources 
Change Instruments 
First Tin PLC 
Hargreaves Serv
