Weekly Brief 30th April

Coming to the end of the week always has a certain festive feel to it, but even more so going into it knowing that it will be slightly longer than usual.

Early Spring Bank Holiday on Monday certainly gives cause to celebrate, especially now that we can do so in the local beer garden. Of course, the weather appears to be going back to its usual spring showers just in time for it but the threat of downpour will not dampen the high spirits of the day off, leaving the house, and the promise of warmer weather ahead. Although it is associated with May Day, which dates back to the 14th century, this bank holiday was not introduced until 1978 after talks of replacing it with one later in the year. However, the public holiday has stuck around and now that it is here, who’s to complain! Historically, the traditional pagan festival celebrates spring (although it might not feel like it’s spring when sat outside in the rain this weekend) through dancing around the maypole and crowing a Queen of May. It turned into a public holiday after coinciding with International Workers’ Day in the late 19th century following protests supporting an eight-hour work day and has since been affiliated with protesting, which is also why it is called Labour Day across the pond. So, as we come to the day’s end and send off those final emails, tick off that last thing on the to do list, and hit close on the tabs that have accumulated over the week, we can begin to welcome in the next three days by well deservedly putting our feet up – and maybe pouring a hearty glass of wine to go with it.

Client News 

Empire Metals Limited (AIM: EEE) confirmed that the next phase of works at its Eclipse Gold Project is underway. The fully funded drill programme is focused on resource drilling at the Eclipse Mine target, and expansion drilling at the newly discovered Jack’s Dream workings. The drilling aims to extend the wide near-surface mineralised intercepts previously reported. The target has the potential to become a satellite to the Eclipse Mine which would expand the resources and open pit mining opportunity. As the current work looks to duplicate the recent RC drill holes at Eclipse, initial assessments point to the operation falling within the small-scale mining legislation in Western Australia, which would provide a fast-track route to production.

Emmerson Plc (AIM: LSE) has admitted its ordinary shares to trading on AIM, as of 27th April, in conjunction to cancelling the listing of its ordinary shares from trading on the Main Market. This forms a key part of Emmerson’s growth strategy going forward as it will provide access to a market and environment which is more suited to the company. Additionally, James Kelly has been appointed as the new Non-Executive Chairman of Emmerson following the retirement of Mark Connelly.

Vast Resources Plc (AIM: VAST) announced that the decline project to Level 19 is progressing on schedule and has begun mining fresh higher grade ore at its Baita Plai mine. This forms part of the recently implemented revised mechanised mine plan. Mining and concentrate production has continued uninterrupted during the development phase. The arrival of the new mechanised mining equipment has begun onsite and the remaining equipment is expected to arrive on schedule. Operational progress is successfully underway.

FastForward Innovations Ltd (AIM: FFWD) announced that Yooma Wellness Inc., in which it holds a 5.1% interest, has announced that its CBD food products have been added to the UK Food Standard Agency’s foods list. This follows the previously announced news that its MYO Plant Nutrition brand will be launched in the UK retailer, Holland & Barrett. This milestone achievement furthers its position as a leading and trusted UK supplier of branded ingestible CBD products.

Jubilee Metals Group Plc (AIM: JLP) announced an update on the progress at its copper operations in Zambia. Project Roan has successfully completed the early production of intermediate copper concentrate which has been delivered on time to the fully operational Sable Refinery. This marks the first major step towards achieving the targeted production of 25,000 tonnes per annum of copper within the next four years. Project Roan represents the first of three copper processing facilities to reach this goal. This targeted significant ramp up of its copper operation is expected to further improve upon Jubilee’s record interim results.

You may have missed… 

Scotgold Resources Ltd (AIM: SGZ) CEO Phil Day spoke with Proactive on the progress being made at the Cononish Gold Project.

 

In the news this week… 

“Out of Home” – see the photos from an exhibition showcasing photographs taken by homeless people during lockdown and will be featured in an outdoor exhibition at St Martin-in-the-Fields.

Copper has hit a 10 year high as prices reach above $10,000 a tonne.

See the full list of Oscars winners from last weekend’s Academy Awards.

Michael Collins, who was part of the Apollo moon landing mission, has sadly passed at 90.

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