#AYM Anglesey Mining PLC – Anglesey Reports on a Transformative 2026 Fiscal Year
Anglesey Mining plc (AIM: AYM), the UK-based mineral exploration and development company focused on advancing its 100%-owned Parys Mountain Project on the Isle of Anglesey, North Wales, is pleased to announce its audited results for the year ended 31 March 2026 and the date of its forthcoming Annual General Meeting (“AGM”).
The Annual Report and Accounts, which include the Notice of Annual General Meeting (“AGM”), will be made available on the Company’s website.
The AGM will be held at the offices of Arch Law Limited, Huckletree Floor 2, 8 Bishopsgate, London EC2N 4BQ at 11.00 a.m. on Wednesday 21 October 2026.
Key Highlights from the Financial Year:
- 100% focus on the Company’s sole asset, the Parys Mountain polymetallic project.
- 100% elimination of the Company’s debt.
- The Company is 100% restructured and recapitalised.
- Successful initial fundraising in March 2026 to initiate a planned and systematic work programme.
- New Board of Directors and Management Team, with proven track records within the exploration, mining and metallurgical sectors.
Chairman’s Statement
The year ended 31 March 2026 marked a significant period of change for Anglesey.
Following the restructuring completed during the year, Anglesey’s sole focus is now the advancement of the 100%-owned Parys Mountain Project. The project represents the United Kingdom’s largest and most advanced undeveloped polymetallic mineral resource, containing copper, zinc, lead, silver and gold within a volcanogenic massive sulphide (“VMS”) system.
The strategic importance of these metals continues to grow, as in recent times, successive UK Government initiatives have highlighted the importance of strengthening domestic capability in the supply of critical and strategically important minerals. Against this backdrop, Parys Mountain represents a rare opportunity to advance a substantial UK mineral project with an established resource base, long-standing planning permissions associated with historic mine development and significant potential for future expansion.
During the year, the Company completed a significant restructuring of its balance sheet. Approximately £3.6 million of principal debt was eliminated, and the Company’s interests in the Grängesberg iron ore project in Sweden and Labrador Iron Mines Holdings Limited were disposed of, simplifying the corporate structure and enabling the Company to concentrate its resources on the Parys Mountain asset.
Following approval by shareholders in February 2026, the Company’s share capital was reorganised, restoring greater flexibility to access equity capital. On 9 March 2026, a placing and subscription raised gross proceeds of £679,500.
Following the year-end, the Board was substantially restructured as Jim Williams was appointed as Executive Chairman, Andrew Fulton became the new Chief Executive Officer and both Martin Wood and Taj Singh joined as independent Non-Executive Directors.
The financial year ending March 2026 was therefore a year in which Anglesey simplified its corporate structure and reset the business. From April 2026 onwards, the Company has been focused on systematically advancing Parys Mountain through modern technical work, disciplined governance and focused investment.
Operational Strategic Report
The year ended 31 March 2026 was transformational for Anglesey Mining. Through the completion of the balance sheet restructuring and disposal of its non-core overseas interests, the Company’s strategic focus moved solely to advancing Parys Mountain.
Following the year-end, Anglesey strengthened its technical capability through the appointment of a Principal Geologist and an Exploration Geologist, both of whom are now actively engaged on site.
The initial focus for the geologists is to consolidate and enhance the geological and technical understanding of Parys Mountain by integrating historical drilling, underground records, assay data and recent geophysical surveys into an integrated geological and technical model.
This work supports the Company’s three strategic pathways:
- Develop the Mine: progressing mine planning, engineering studies, metallurgy and mining optimisation, supported by an increasingly integrated geological and technical understanding of the project.
- Grow the Resource: increasing geological confidence, supporting future Mineral Resource Estimate updates and evaluating opportunities to extend known mineralisation.
- Discover the District: identifying and prioritising new exploration opportunities across the wider Parys Mountain mineral system through the integration of historical information, geospatial analysis and modern geophysical techniques.
Together, these activities are intended to progressively reduce technical uncertainty, increase project confidence and support the long-term development of Parys Mountain.
Planning and Permitting
The Company continues to progress the planning and environmental permitting required to support the future development of Parys Mountain.
The December 2024 Scoping Opinion from the Isle of Anglesey County Council established a framework for preparation of the Environmental Statement. The Company’s planning and environmental consultants continue to coordinate this programme, including the required technical studies, stakeholder engagement and liaison with relevant regulatory authorities.
The objective is to secure a modern planning consent reflecting the proposed mine design and current environmental and regulatory standards. Once secured, it is intended that the new consent will supersede the historic planning permissions that have supported the project to date.
Planning and permitting remain a key strategic priority and are progressing alongside the technical and engineering workstreams supporting the future development of Parys Mountain.
Financial Results and Position
As the Group remains in the exploration and development stage, it does not currently generate operating revenues.
The Group reported a profit after tax for the year ended 31 March 2026 of £2.08 million, compared with a loss of £0.66 million in the previous year. The result principally reflects a £2.92 million gain arising from the balance sheet restructuring completed during the year.
Total comprehensive income for the year was £2.16 million, compared with a total comprehensive loss of £0.83 million in the previous year.
Administrative and other costs, excluding investment income and finance charges, were £505,848 compared with £450,086 in the previous year, reflecting costs associated with the transition and strategic repositioning of the Group, including financing and governance activities.
At 31 March 2026:
- cash and cash equivalents were £629,594 (2025: £44,264);
- mineral property exploration and evaluation assets had a carrying value of £17.1 million (2025: £17.0 million);
- total net assets were £17.63 million (2025: £14.27 million); and
- Group loans had reduced to £110,000, compared with £4.05 million at 31 March 2025.
The Directors considered the carrying value of the Parys Mountain exploration and evaluation assets and concluded that there were no indicators of impairment at the reporting date.
Outlook
Following the simplification of the Group’s corporate structure and renewed focus on Parys Mountain, the Board’s priority is to advance one of the United Kingdom’s most significant undeveloped polymetallic mineral assets through a disciplined, phased programme of technical and commercial development.
Over the coming year, the Company will follow the principal strategic pathways as outlined above.
By supporting these pathways, the Company will continue its environmental, planning, permitting and stakeholder engagement activities and maintain disciplined financial management and capital allocation.
The Board believes that Parys Mountain is well positioned to support the United Kingdom’s ambition to strengthen the security of supply of critical and strategically important minerals. The UK Government’s Critical Minerals Strategy identifies zinc as a Critical Mineral and copper as a Growth Mineral, recognising their importance to industrial resilience, electrification, renewable energy infrastructure and future economic growth.
Against this backdrop, Parys Mountain represents an opportunity to develop a secure domestic source of copper, zinc, lead, silver and gold while creating skilled employment, strengthening regional supply chains and delivering long-term economic benefits to North Wales and the wider United Kingdom.
While significant technical, regulatory and financing milestones remain to be achieved before any development decision can be taken, the Board believes that the combination of an established resource base, substantial exploration upside and a focused development strategy provide a strong platform for creating long-term value for shareholders and other stakeholders.
Annual Report and AGM
The full Annual Report and Accounts for the year ended 31 March 2026, which include the Notice of AGM, will be available on the Company’s website at:
https://www.angleseymining.co.uk/wp-content/uploads/2026/09/ANRP26.pdf
The AGM will be held at 11.00 a.m. on Wednesday 21 October 2026 at the offices of Arch Law Limited, Huckletree Floor 2, 8 Bishopsgate, London EC2N 4BQ.
For further information, please contact:
Anglesey Mining plc (via Yellow Jersey PR Limited)
Jim Williams, Executive Chairman
Andrew Fulton, CEO
angleseymining@yellowjerseypr.com
Davy
Nominated Adviser & Joint Corporate Broker
Brian Garrahy/Daragh O’Reilly
Tel: +353 1 679 6363
AlbR Capital Limited
Joint Corporate Broker
Lucy Williams/Duncan Vasey
Tel: + 44 (0)20 7562 0930
Yellow Jersey PR Limited
Financial & Media Relations
Dominic Barretto/Shivantha Thambirajah
Tel: +44 (0)20 3004 9512
About Anglesey Mining plc:
Anglesey is advancing the UK’s largest polymetallic VMS project at the 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS deposit in North Wales.
Gledhow Investments plc #GDH – Company Update, plus Cameron Pearce changes to Non-Board Strategic Adviser
Company Update
Gledhow Investments plc (AQSE: GDH) is pleased to provide an update on the Company’s activities. Since the completion of the fundraisings announced in August 2026, the Company has made three investments via capital raisings of Australian Stock Exchange listed companies:
- Future Metals NL (ASX: FME): 14,285,715 shares at AU$ 0.014 per share; and
- Talisman Mining Limited (ASX: TLM): 1,300,000 shares at AU$ 0.065 per share.
- Gateway Mining Limited (ASX: GML): 2,500,000 shares at AU$0.08 per share
Future Metals intends to use the proceeds of its equity raising “towards advancing the Panton Project, including completion of an
updated Scoping Study based on the new 82.3Mt Mineral Resource Estimate, assessing both a greenfield
development option at Panton and an alternative development case utilising the Savannah processing infrastructure.” The full announcement can be found at: https://relait.future-metals.com.au/announcement-detail/Firm%20Commitments%20Received%20for%20%243.6m%20Placement-MTg4MTk=. This is a very high grading opportunity with exposure to Platinum Group Elements (PGE) which the Company believes is a very exciting sector to be in.
Talisman Mining has stated in its press release of 2 September 2026, that it will use the proceeds to explore its current assets further, evaluate new projects and for general working capital – https://wcsecure.weblink.com.au/pdf/TLM/03130542.pdf. Talisman Mining is backed by Australian entrepreneur Kerry Harmanis, a well-known Australian mining entrepreneur and investor, who founded Jubilee Mines NL, that was acquired by Xstrata. Talisman Mining has not raised cash in years due to ongoing mining royalties in Western Australia, and this fundraising provides Gledhow with the opportunity this company presents.
Gateway Mining announced it received firm commitments to raise AU$ 45 million, with AU$ 20 million committed from Jupiter Asset Management. The funding will be used to expedite the next stage of exploration at its Yandal Gold Project. More information is available in Gateway’s press release of 9 September 2026: https://www.gatewaymining.com.au/site/pdf/35f34bfa-46f9-4e7a-b64e-4368c220a1d9/Platform/ListPage/Successful-45-Million-Placement-Completed.pdf
Gateway Mining is an Australian junior gold explorer, focussed on developing in strategic landholdings in the tier 1 gold exploration region of Western Australia’s Yandal Greenstone belt. The Yandal Gold Project already boasts a JORC Inferred Resource of 8.17Mt @ 1.52 g/t Au for 400,000 oz gold, less than 50km from the world-class 10Moz Jundee gold operations owned by Northern Star Resources. The opportunity here to expand resource in a rising gold market is truly remarkable and why its recent raise was anchored by a $20 million corner-stone investment from natural global fund manager Jupiter Asset Management.
In total the Company invested AU$ 484,500 into the equity raisings.
The Company also continues to maintain positions in other quoted companies across the LSE Main Market, AIM Market of the LSE and the Aquis Growth Market. Within a portfolio, there is approximately £200,000 of liquid shares and a remaining c. £400,000 worth of shares that are either currently illiquid or going through corporate transactions / acquisitions, for which value will depend on such corporate activity completing. The Company will provide further updates as and when material changes happen.
Further, the Company has approximately £740,000 of cash and c. £48,000 of outstanding convertible loan notes.
As announced on 13 August 2026, the Company intends to expand its focus into the Natural Resources sector. The above investments into Future Metals, Talisman Mining and Gateway Mining reflect this shift in focus into resources and the Company is reviewing further investments in the sector. The Company will also seek to spin out its wholly owned Penina Resources Limited subsidiary at some stage in the future, and is reviewing opportunities in the natural resources sector with plans for future spin outs.
Cameron Pearce Change to Non-Board Strategic Adviser
Whilst Cameron Pearce was recently appointed as a Non-Executive Director of the Company, it has become apparent that he is instrumental in procuring investment opportunities and new potential sources of funding. Cameron’s position is more suited to procuring such opportunities and the Board has agreed that Cameron will move to a non-Board Strategic Adviser to the Company. In due course, the Company will seek further Board appointments as the Company develops.
The Directors of the Company accept responsibility for the contents of this announcement.
For further information please contact:
Gledhow Investments plc
Guy Miller
+44 (0) 20 7220 9795
Tavira Financial Limited (Corporate Broker)
Jonathan Evans
+44 (0) 20 7100 5100
Investor Enquiries
Sasha Sethi
Tel: +44 (0) 7891 677 441
sasha@flowcomms.com
#GRX GreenX Metals LTD – Date of Annual General Meeting
GreenX Metals Limited (GreenX or the Company) advises, in accordance with ASX Listing Rule 3.13.1, that the Company’s Annual General Meeting (AGM) will be held on Wednesday, 11 November 2026.
An item of business at the AGM will be the re-election of Directors. In accordance with clause 6.2(f) of the Company’s Constitution, the closing date for receipt of nominations from persons wishing to be considered for election as a Director is Wednesday, 23 September 2026. Any nominations must be received at the Company’s registered office no later than 5.00 pm (Perth time) on Wednesday, 23 September 2026.
Further information about the AGM, including the Notice of AGM, will be provided to shareholders in October 2026.
For further information please contact:
Dylan Browne
Company Secretary
+61 8 9322 6322
#BRES Blencowe Resources PLC – Governance and Compliance Update
Blencowe Resources plc (LSE:BRES) announces, further to the Company’s announcement of 14 September 2026, a governance and compliance update.
The Board first and foremost wishes to reaffirm its commitment to robust corporate governance, regulatory compliance and transparent communication with shareholders. Blencowe has maintained an established share dealing policy and Market Abuse Regulation procedures governing dealings in the Company’s securities that is overseen by the Board and administered by its company secretary. These procedures apply to the directors, senior management and persons closely associated with them and arrangements include dealing-clearance requirements, closed-period restrictions and PDMR notification obligations within the statutory timeframes.
The Company holds signed acknowledgements of these obligations and responsibilities from relevant directors and senior management to avoid any confusion on procedures around the share dealing policy. In addition, the Company is supported by its professional advisers and brokers in meeting its regulatory responsibilities and providing advice where required.
The Board received notification from Mr Ralston, the Company’s former CEO, of historical PDMR notification matters on Saturday 12 September 2026. Upon receipt of this information, the Board took immediate steps with its advisers to ensure the relevant notifications and disclosures were made without delay on 14 September 2026. The Board has also undertaken a review of its governance and compliance processes to ensure that the existing framework is applied consistently and supported by appropriate records, oversight and escalation procedures.
As part of this review, the Board has reiterated its controls and procedures around PDMR dealing notifications and shareholding reconciliations, providing additional assurance that relevant dealings are identified, recorded, cleared and notified in accordance with the Company’s procedures and applicable regulations.
Following a detailed review of information concerning Mr Ralston as set out in the Company’s announcement on 14 September with its legal advisers, the Company has decided not to engage Mr Ralston as a consultant and notifies that all performance shares and share options held by Mr Ralston have lapsed.
The Board remains focused on the continued advancement of the Orom-Cross Graphite Project with Iain Wearing continuing to lead the Project and will provide further project and operational updates in due course.
For further information please contact:
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Blencowe Resources Plc |
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Sam Quinn (Director) |
Tel: +44 (0)1624 681 250
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Sasha Sethi (Investor Relations) |
Tel: +44 (0) 7891 677 441 |
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Tavira Financial (Joint Broker):
Jonathan Evans |
Tel: +44 (0)20 3192 1733 |
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Oak Securities (Joint Broker):
Mungo Sheehan / Jerry Keen |
Tel: +44 (0)20 3973 3678 |
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Cavendish (Joint Broker):
Neil McDonald / Peter Lynch / Hanna Leijonmarck |
Tel: +44 (0) 20 7908 6000 |
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Seed Capital Solutions #SCSP – Notice of Additional GM
Seed Capital Solutions plc announces that in addition to the General Meeting (“GM”) of the members of the Company to be held at 10.00hrs (BST) on 17 September 2026 at the office of Axis Capital Markets Ltd, 73 Watling St, London, EC4M 9BJ, a further General Meeting (GM) of the company has been convened at short notice by the requisite number, 95% and majority of shareholders for 17 September 2026 at 11.30 hrs to consider and vote on a special resolution to address certain requirements of rule 13 of the U.K. Listing Rules as a result of the Company being in the Equity shares (shell company) category.
The meeting will be held immediately after the existing GM to be held at 10.00hrs at the offices of Axis Capital Markets, 3 Watling Street, London, EC4M 9BJ, United Kingdom.
-Ends
FOR FURTHER INFORMATION, PLEASE CONTACT:
| Seed Capital Solutions plc | Tel: +44 (0)1535 647 479 | |||
| Chairman Damion Greef
Brand Communications |
Tel: +44 (0) 7976 431608 |
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| Public & Investor Relations | ||||
| Alan Green
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ABOUT SEED CAPITAL SOLUTIONS PLC
Seed Capital Solutions Plc (LON: SCSP) has been formed for the purpose of acquiring a business or businesses operating in market sectors that can display strong ESG credentials, thereby benefitting from the current trend of superior performance and increased investor appetite.
#URU URU Metals LTD – Drilling Contractor Selection Advanced
URU Metals Limited (“URU” or the “Company”) is pleased to provide an update on preparations for the next drilling programme at the Zeb Nickel Project in Limpopo, South Africa.
Following completion of the 3D Leapfrog geological model and drill planning, the Company has advanced the drilling contractor selection process and is now completing the final commercial stage ahead of appointment.
Final proposals have been requested from qualified diamond drilling contractors, with the preferred contractor to be selected following review of commercial terms, rig availability, mobilisation timing, technical capability and health and safety performance.
Highlights
- Drilling contractor selection has advanced to the final commercial evaluation stage.
- The drilling programme has been designed directly from the completed Leapfrog model.
- Initial drilling will focus on the higher-grade Zone 2 mineralisation, with the objective of building towards a maiden mineral resource estimate.
- Ground FDEM Target 1 will also be tested early in the programme as a priority target for semi-massive to massive Ni-Cu-PGE sulphides.
- Contractor evaluation is focused on technical capability, health and safety performance, commercial terms, rig availability and mobilisation timing.
- The Company intends to move to mobilisation as soon as practical following contractor appointment.
Drilling Programme
The planned drilling programme follows directly from the recently completed Leapfrog modelling, which provided the geological framework required to rank and position the next drill holes.
The first phase will focus on the better-defined higher-grade Zone 2 mineralisation in the southeastern part of the Project, with the objective of improving geological confidence and building sufficient drilling density to support a maiden mineral resource estimate.
Drilling will then progressively test continuity and extensions of Zone 2 into less-defined areas of the Project.
Ground FDEM Target 1 remains an important exploration target and is expected to be tested early in the programme. Target 1 comprises a discrete EM conductor associated with a coincident gravity anomaly within the interpreted intrusive plumbing system and will be tested for a possible concentration of semi-massive to massive Ni-Cu-PGE sulphides.
The programme will be phased and prioritised so that drilling with the greatest potential to advance the Project is undertaken first.
Contractor Appointment
The Company is now completing the final commercial stage of the contractor selection process.
The Company expects the next operational update to confirm the appointment of the drilling contractor and the anticipated commencement date for drilling.
Richard Montjoie, Exploration Manager at URU Metals, commented:
“We have now converted the drill plan into a contractor-ready programme, and are in the final commercial stage of selecting the drilling team, with particular focus on capability, rig availability and mobilisation. We are excited to mobilise to site and start turning the geological model into new data.”
About the Company
URU Metals is a mineral exploration and development company focused on advancing high-potential critical metals projects in South Africa. The Company is committed to creating sustainable value through responsible mining practices, regulatory compliance, and active stakeholder engagement. For more information, visit www.urumetals.com
For further information, please contact:
URU Metals Limited
John Zorbas
Chief Executive Officer
+1 416 504 3978
SP Angel Corporate Finance LLP
Nominated Adviser and Broker
Ewan Leggat / Caroline Rowe
+44 (0) 203 470 0470
Axis Capital Markets Limited
Joint Broker
Richard Hutchison
+44 (0) 203 026 0320
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (“UK MAR”). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
ECR Minerals #ECR appoints Mike McRae-Williams as Head of Australian Operations as Maddens approaches production phase
ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce the appointment of Mike McRae-Williams as Operations Manager for Australia, a non-Board management role.
Mike joins ECR following its acquisition of Paleogold, where he served as Exploration and Production Director, and brings approximately 35 years of mining industry experience together with extensive knowledge of the projects acquired by ECR through Paleogold.
His appointment comes at a pivotal stage for the Company as Maddens approaches its production phase and ECR increases operational activity across the wider Maddens Flat Group of Mines and its broader Australian portfolio. ECR has a 50% interest in the Maddens Flat Group of Mines.
Mike has worked closely with the Maddens Flat Group of Mines over a number of years and has detailed knowledge of the Maddens Underground Mine, processing infrastructure and operating team. He has previously contributed to upgrades to production and processing operations at Maddens and continues to play an active role in the preparation and optimisation of the processing circuit.
His experience also extends across the wider Maddens Flat Group of Mines, where ECR is evaluating additional opportunities including the Brothers and other historic workings across the project area. The Company expects Mike’s combination of processing, metallurgical, underground and alluvial experience to be invaluable as activity increases across the broader Maddens Flat portfolio.
Mike also has detailed knowledge of the Salt Bush Gold Project in South Australia. He has been closely involved in developing the proposed work programme at Salt Bush, which is to include trenching, systematic sampling and metallurgical test work designed to improve understanding of the project as it progresses towards development. ECR owns 20% of the Salt Bush Gold Project.
Mike holds a Master of Science degree from the University of Melbourne and has extensive experience across project management, metallurgical assessment, process plant design, construction, commissioning and plant operations. During his career he has managed and designed gold processing operations ranging from underground mine treatment plants to large-scale tailings retreatment projects.
Mike also brings extensive alluvial gold experience, which the Company expects to apply across opportunities at the Brothers, Blue Mountain and potentially elsewhere within the Australian portfolio.
ECR Chairman Nick Tulloch commented: “Mike joins ECR at an important moment. As previously announced, Maddens is approaching its production phase and our priority is increasingly about operational execution on the ground. Few people know Maddens and the wider Paleogold portfolio as well as Mike. He has worked closely with the project and its processing infrastructure for several years and brings exactly the combination of practical mining, metallurgy and plant experience that we need as activity increases. Importantly, his skillset will be invaluable across the wider Maddens Flat Group of Mines, not just at the Maddens Underground Mine. As previously announced, we are already evaluating additional opportunities across the Brothers and the other historic workings, and Mike’s knowledge of both hard- rock and alluvial operations gives us considerable flexibility as we seek to advance those projects. He also knows Salt Bush extremely well and brings valuable experience that can be applied across Blue Mountain and our other Australian opportunities. Mike already knows the projects, the people and the equipment. Bringing him into ECR on a senior management role provides continuity and additional operational leadership at exactly the point when we need it most.”
FOR FURTHER INFORMATION, PLEASE CONTACT:
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ECR Minerals plc |
Tel: +44 (0) 20 8080 8176 |
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Nick Tulloch, Chairman Andrew Scott, Director |
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Website: www.ecrminerals.com |
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Allenby Capital Limited |
Tel: +44 (0) 3328 5656 |
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Nominated Adviser and Joint Broker Alex Brearley / Nick Naylor / Vivek Bhardwaj (Corporate Finance) Kelly Gardiner (Sales and Corporate Broking) |
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OAK Securities Joint Broker Jerry Keen / Robert Bell
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Tel: +44 (0) 3328 5656 |
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Axis Capital Markets Limited |
Tel: +44 (0) 203 026 0320 |
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Joint Broker |
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Lewis Jones |
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SI Capital Ltd |
Tel: +44 (0) 1483 413500 |
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Joint Broker |
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Nick Emerson |
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Brand Communications |
Tel: +44 (0) 7976 431608 |
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Public & Investor Relations |
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Alan Green |
ECR Minerals is a mineral exploration and development company operating through four wholly owned Australian subsidiaries ECR Minerals (Australia) Pty Ltd (“ECR Australia”), ECR Minerals (Queensland) Pty Ltd (“ECR Queensland”), ECR Minerals (Raglan) Pty Ltd (“ECR Raglan”) and ECR Minerals (Paleogold) Ltd (“ECR Paleogold”).
ECR Paleogold has a 50% interest in the Maddens hard rock mining project in Northern Queensland where work is underway for production this year. It also has a 20% interest in the Salt Bush shallow open cut mining project in South Australia where preparations are underway for production which is expected to commence around mid-2027. ECR Paleogold also owns 80% of the Tuckanarra exploration project in Western Australia.
ECR Australia owns the Bailieston and Creswick gold projects in central Victoria, Australia as well as the Tambo gold project in eastern Victoria.
ECR Raglan has a mining lease at the Raglan alluvial gold project in central Queensland, Australia and ECR Queensland has two approved exploration permits over the nearby Blue Mountain alluvial gold project. ECR is currently working to bring the Blue Mountain alluvial gold project into production. ECR Queensland also has three approved exploration permits covering 946 km2 over a relatively unexplored area in Lolworth Range in northern Queensland. Furthermore, it has also submitted a licence application at Kondaparinga which is approximately 120km2 in area and located within the Hodgkinson Gold Province, 80km NW of Mareeba, North Queensland.
Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), ECR Australia has the right to receive up to A$2 million in payments subject to future resource estimation or production from these projects.
ECR Australia also has approximately A$77 million of unutilised tax losses incurred during previous operations.
Cadence Minerals #KDNC – Azteca Cold and Wet Commissioning Underway. SEMA/AP site inspection completed; hot commissioning is the next milestone
Cadence Minerals plc (AIM: KDNC) announces that cold and wet commissioning are underway at the Azteca processing plant at the Amapá Iron Ore Project, following mechanical completion announced on 4 September 2026. SEMA/AP, the Amapá State Environmental Secretariat, has completed its site inspection in connection with hot commissioning. No issues were raised during the visit, and DEV Mineração S.A. (“DEV”) awaits SEMA/AP’s response.
Highlights
- Plant testing underway: Cold and wet commissioning are testing the refurbished equipment and process circuits ahead of processing trials.
- SEMA/AP inspection completed: No issues were raised during the visit. The authority’s response remains awaited.
- Hot commissioning next: Planned operation at 25%–50% of plant capacity will test performance and allow grade and recovery to be tuned, subject to completion of the preceding tests and applicable regulatory requirements.
- Production sequence: Successful hot commissioning is expected to be followed by grant of the Azteca Operating Licence, subject to SEMA/AP’s review and approval, and then progression to full production.
Kiran Morzaria, Chief Executive Officer, commented: “The SEMA inspection is an encouraging step towards hot commissioning, with no issues raised during the visit, although we await the authority’s response.”
“When I visited Azteca shortly before mechanical completion, it was good to see the progress first-hand and a team eager to put the plant into operation. Their work is now moving into the testing stage, where the priority is to demonstrate plant performance.”
“For Cadence, the importance of Azteca extends beyond restarting a plant. Successful production would demonstrate our ability to operate at Amapá and establish initial cash flow to support the larger redevelopment. The task now is to turn the completed refurbishment into operating performance, subject to successful commissioning and licensing.”
Commissioning Update
DEV has commenced cold and wet commissioning following completion of Azteca’s refurbishment. Both stages remain underway.
Cold commissioning tests equipment, electrical distribution and control systems without ore. Wet commissioning introduces process water and trial material through the wet circuit to test its operation ahead of hot commissioning.
Azteca’s feed comprises material that previously underwent crushing, grinding and concentration. Historic power constraints prevented completion of the final flotation stage, leaving this pre-flotation material available for further processing.
The next milestone is hot commissioning, during which the plant is planned to operate at 25%–50% of capacity using this material. This stage will test processing performance and allow operating settings to be adjusted to tune concentrate grade and recovery. Any concentrate produced during commissioning will be stockpiled.
Regulatory Position and Next Steps
SEMA/AP has completed the site inspection associated with hot commissioning. No issues were raised during the visit, but its response remains awaited. Hot commissioning remains subject to completion of the preceding tests and applicable regulatory requirements.
DEV’s application for the Azteca operating licence (Licença de Operação) (the “Operating Licence”) remains pending. Grant is expected following successful hot commissioning, subject to SEMA/AP’s review and approval.
Following successful commissioning and receipt of the Operating Licence, DEV intends to progress to full production. Commercial operations and shipments remain dependent on completion of both requirements.
Cadence Ownership
As of 31 May 2026, Cadence’s total investment in the Amapá Project was approximately US$16.1 million. Cadence holds a 36.2% equity interest in Pedra Branca Alliance Pte Ltd (“PBA”), which owns 100% of DEV Mineração S.A. (“DEV”), the owner and operator of the Amapá Project.
About the Amapá Project
The Amapá DR Iron Ore Project is a fully integrated iron ore operation in Brazil with established mine, rail, port and beneficiation infrastructure. The Project hosts a JORC-compliant Mineral Resource of 276.2 million tonnes at 38% Fe and a Proven and Probable Ore Reserve of 195.8 million tonnes at 39.34% Fe.
An updated Pre-Feasibility Study published on 3 December 2024 confirmed the potential to produce 67.5% Fe direct reduction grade concentrate at 5.5 Mtpa, with a post-tax NPV (10%) of US$1.97 billion over a 15-year mine life.
As part of a staged redevelopment strategy, Azteca is intended to be recommissioned as the initial production facility, targeting approximately 380,000 tonnes per annum of approximately 65% Fe concentrate from existing tailings. This initial production is intended to generate early cash flow to support ongoing operations and the broader development of the Project, subject to successful commissioning, completion of related regulatory workstreams and receipt of the Operating Licence.
For further information, contact;
| Cadence Minerals plc | +44 (0) 20 3582 6636 | |
| Andrew Suckling | ||
| Kiran Morzaria | ||
| Zeus (NOMAD & Broker) | +44 (0) 20 3829 5000 | |
| James Joyce | ||
| Darshan Patel
Matthew Diaz-Rainey |
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| Fortified Securities – Joint Broker | +44 (0) 20 3411 7773 | |
| Guy Wheatley | ||
| Public & Investor Relations – Brand Communications | +44 (0) 7976 431608 | |
| Alan Green | ||
Qualified Person
Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.
Cautionary and Forward-Looking Statements
This announcement contains forward-looking statements. Such statements are based on the current expectations, assumptions and beliefs of the Directors and are subject to known and unknown risks and uncertainties. Forward-looking statements are not guarantees of future performance and may often be identified by words such as “believe”, “expect”, “intend”, “may”, “plan”, “should”, “will”, “could” and similar expressions. Actual results may differ materially from those expressed or implied by such statements due to a range of factors, many of which are outside the control of the Company, including changes in economic conditions, market conditions, regulatory developments, the actions of governmental authorities, the availability of funding and other risks affecting the Company’s operations. Readers should not place undue reliance on forward-looking statements, which speak only as at the date of this announcement. Except as required by law or applicable regulation, the Company undertakes no obligation to update or revise any forward-looking statements.
Blencowe Resources #BRES – Management Change & Historical PDMR Dealings
Blencowe Resources Plc (LSE: BRES) announces that Mike Ralston has resigned from his position as Chief Executive Officer with immediate effect.
Mr Ralston will continue to support the Company on a full-time consultancy basis until his planned retirement at the end of the year, including progressing the ongoing Phase 1 funding process and other key workstreams. This will provide continuity and support an orderly handover to a new Chief Executive Officer.
The Company also reports that it had already commenced a process to identify additional senior executive leadership and is in discussions with a number of potential candidates. The Board will now accelerate this process with a view to appointing his successor in a timely manner. Mr Ralston’s CEO role was not a Board position.
In the interim, operational activities and key development workstreams will continue under the existing senior management team, led by Chief Operating Officer Iain Wearing, who already has primary responsibility for the day-to-day advancement of the Orom-Cross Graphite Project.
Cameron Pearce, Executive Chairman, commented: “Orom-Cross continues to advance across funding, engineering, downstream development and commercial workstreams. Iain and the wider management team have been closely involved across these activities and will ensure continuity while we complete the process of appointing a new Chief Executive Officer. Mike will continue to work with us on a full-time consultancy basis through to his planned retirement at the end of the year, supporting the Phase 1 funding process and other key workstreams. On behalf of the Board, I would like to thank Mike for his considerable contribution to Blencowe and wish him well for his retirement.”
Historical PDMR Disclosure
The Company has also been notified by Mr. Ralston of the following historical PDMR share transactions. Details of these transactions are set out below.
Following these transactions. Mr. Ralston holds 4,000,000 ordinary shares, representing 0.8% of the Company’s issued share capital.
|
Date |
Number of Shares |
Price per Share |
|
10/09/25 |
1,000,000 |
5.0p |
|
22/09/25 |
1,000,000 |
6.0p |
|
17/10/25 |
150,000 |
6.9p |
|
21/10/25 |
600,000 |
6.9p |
|
07/11/25 |
250,000 |
6.9p |
|
14/11/25 |
1,000,000 |
8.0p |
|
08/12/25 |
1,000,000 |
7.3p |
|
16/12/25 |
250,000 |
7.1p |
|
18/12/25 |
750,000 |
6.6p |
|
31/12/25 |
1,000,000 |
7.2p |
|
09/01/26 |
768,000 |
7.2p |
|
20/02/26 |
1,000,000 |
9.0p |
|
08/07/26 |
1,000,000 |
6.9p |
|
18/08/26 |
500,000 |
7.1p |
|
20/08/26 |
1,500,000 |
7.1p |
**ENDS**
For further information please contact:
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Blencowe Resources Plc |
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Sam Quinn (Director) |
Tel: +44 (0)1624 681 250
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Sasha Sethi (Investor Relations) |
Tel: +44 (0) 7891 677 441 |
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Tavira Financial (Joint Broker):
Jonathan Evans |
Tel: +44 (0)20 3192 1733 |
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Oak Securities (Joint Broker):
Mungo Sheehan / Jerry Keen |
Tel: +44 (0)20 3973 3678 |
|
Cavendish (Joint Broker):
Neil McDonald / Peter Lynch / Hanna Leijonmarck |
Tel: +44 (0) 20 7908 6000 |
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Mendell Helium #MDH – Fort Dodge Operations Update
Mendell Helium (LON: MDH), the helium exploration and production company, is pleased to provide an operational update on the activities across its production wells in the Fort Dodge area, Kansas.
Following the successful implementation of the Company’s de-watering approach, initial gas-bearing fluids have been observed at surface of the Rost 2-26 well (“Rost 2”), with gas analyses evidencing helium concentrations of up to 10.9%. Additionally, Rost 1-26 (“Rost 1”) has successfully resumed production following scheduled downhole maintenance and tubing replacement work.
The Schneweis Ventures 13A (“Schneweis”) well has also commenced production with gas being delivered, without the use of a pump, directly into a pipeline owned by the Company’s joint venture partner, Ritchie Exploration Inc. (“Ritchie”).
Highlights:
· Rost 2 pump was installed and tested at rates of water removal of approximately 1,100 barrels per day along with some early signs of gas in the form of “foamy water”.
· Preliminary gas analysis at Rost 2 indicates a helium concentration of up to 10.9%, representing a materially higher helium concentration than that observed in the Rost 1 well.
· Schneweis Ventures 13A is producing under its own pressure with gas being sold into a pipeline owned by Ritchie.
· Following a successful replacement of downhole tubing and a new scale-prevention chemical treatment program, water and gas production have resumed at Rost 1 at elevated rates.
Rost 2-26 De-watering and Operations
Following the installation of an Electrical Submersible Pump (ESP) at Rost 2, de-watering activities have proceeded accordingly. Water extraction rates steadily increased to a current level of approximately 1,100 barrels of water per day (bwpd).
Following initial water evacuation, the well quickly began producing gas-bearing “foamy water” at surface. This behaviour mirrors the early-stage response previously observed at Rost 1, where gas flows occurred rapidly once hydrostatic head pressure was reduced.
Two gas analyses have revealed very high helium levels of 10.7% and 10.9%, respectively. It should be noted that produced gas volumes at Rost 2 currently remain low, pending further de-watering, but nevertheless this is a remarkably high helium composition and more than twice as high as Rost 1. Although it is quite possible that the gas mix may change at higher flow volumes, these preliminary analyses provide very encouraging indications of the helium concentration observed to date. The Company is unaware of any other helium levels this high in Kansas from producing wells. Even when compared against other world-class helium concentrations elsewhere in North America or worldwide, Rost 2 is exceptional based on these results. In particular, the Company is not aware of any other helium projects globally with comparable helium concentrations that are currently under production.
The Company’s management team will continue to monitor production and gas-to-water ratio, intake pressure and composition at Rost 2 over the coming weeks in preparation for production.
Onsite gas processing facilities at the Rost well site were upgraded in preparation for the commencement of production, and are expected to be capable of handling combined volumes from both Rost 1 and Rost 2. The Company continues to work towards advancing and improving its helium purification capabilities at the Rost site.
Additional Zone of Interest
As reported in the competent person’s report contained in the Company’s admission document published in June 2026, Mendell Helium’s management believes helium potential exists in the Mississippian formation, below its target Morrow formation. Like the Morrow, the Mississippian is principally water-bearing.
When the Rost 2 well was drilled, the Company utilised a mud gas analysis system using mass spectrometry and measured absolute values of hydrocarbons, nitrogen and helium. Helium levels peaked in the Morrow, as expected. However, the helium remained elevated and other peaks were present in the Mississippian. Hydrocarbon readings were extremely lean where the helium peaks were present and this data supported the Company’s interpretation that the nitrogen and helium migration was separate from a later-aged hydrocarbon migration, that may have diluted previously high nitrogen and helium composition. At this stage, it is too early to speculate on the gas composition of the Mississippian or assume that it contains greater levels of helium than the Morrow but, Rost 2 was perforated in both formations and the preliminary helium composition noted above are extremely encouraging.
Schneweis Ventures 13A commences production
Schneweis features a 4-foot perforated interval across a fine sand pay zone, and has reported a historic flow rate of 300mcf/d with a helium composition of 1.3%.
Shortly after operations commenced, joint venture operator Ritchie reported substantial downhole pressure build-up. Since a pump cannot be installed under these circumstances, the decision was made to sell the gas down the pipeline until the pressure drops and a pump can be put in place at a later date. This gas is delivered to the pipeline without treatment and the Company therefore expects to receive payment for produced helium, methane and natural gas liquids.
The decision was vindicated immediately with gas production from downhole pressure at significant, albeit variable levels. To date, peak daily sales have reached 428 Mcf, with lowest daily sales at 150 Mcf. Swabbing water and clearing sand has so far been successful in increasing production at points where gas flow dips.
Rost 1-26 optimisation and production restart
During recent workover operations to add a further two feet of additional perforations at Rost 1, inspection revealed some wear on the downhole production tubing. This was attributed to persistent mineral scaling which had previously contributed to pump degradation.
To mitigate this issue, the Company has implemented an ongoing chemical treatment programme designed to inhibit scale buildup, a procedure that will also be deployed at Rost 2. To safeguard long-term structural integrity and prevent future operational downtime, the entire tubing string was replaced while the workover rig remained on location.
Following successful installation of the tubing, Rost 1 has returned to production, with both water extraction and gas flow resuming at elevated rates. Onsite field crews are currently measuring stabilised flow rates and live production volumes, with further updates to be provided in due course.
Nick Tulloch, CEO of Mendell Helium, commented: “It is self apparent that our operations at Fort Dodge are surpassing all expectations. A helium composition north of 10% is highly encouraging and represents a significant milestone for the Company. With flow rates at Rost 2 currently low pending further de-watering, we need to temper our excitement at this early stage. Nevertheless the helium concentrations recorded to date are world class and producing at these helium levels may be unprecedented. It is still early days and we will continue to carefully monitor the operations but the preliminary results from Rost 2 provide further support for the potential of the Fort Dodge project”.
Results from Schneweis are equally impressive. As with Rost 2, we are still right at the beginning of learning what Schnewies can do and so it’s important that we keep current performance in perspective. However, production rates over 400 Mcf without a pump provide powerful evidence of the potential of this reservoir.
In summary, these results provide further support for our hypothesis that our de-watering methodology is repeatable across multiple wells in Fort Dodge. Seeing gas-bearing fluids at surface at Rost 2 so soon after pump deployment – alongside the remarkable natural pressure response at Schneweis – provides strong validation of the region. We remain committed to both expanding our land portfolio and drilling additional wells and we will make further announcements in due course. “
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.
ENDS
Engage with the Mendell Helium management team directly by asking questions, watching video summaries and seeing what other shareholders have to say. Navigate to our Interactive Investor website here: https://mendellhelium.com/link/PKa6Ve
Enquiries:
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Investor questions on this announcement We encourage all investors to share questions on this announcement via our investor website
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Mendell Helium plc Nick Tulloch, CEO
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Via our website investors@mendellhelium.com |
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Cairn Financial Advisers LLP (Nominated Adviser) Ludovico Lazzaretti / Liam Murray
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Tel: +44 (0) 20 7213 0880 |
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SI Capital Limited (Broker) Nick Emerson
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Tel: +44 (0) 1483 413500 |
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Fortified Securities Guy Wheatley
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Tel: +44 (0) 203 4117773
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Tel: +44 (0) 20 3973 3678 |
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AlbR Capital Limited Gavin Burnell / Colin Rowbury / Jon Belliss
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Tel: +44 (0) 207 4690930
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Brand Communications (Public & Investor Relations) Alan Green |
Tel: +44 (0) 7976 431608
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