Source - Alliance News

The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:


Windward Ltd - maritime predictive intelligence company - Expands pact with London Stock Exchange Group PLC which kicked off last year. Windward adds: ‘The new agreement introduces the integration of select LSEG’s World-Check services into Windward’s platform, providing users with comprehensive compliance and risk management solutions beyond the maritime domain. This creates a unique offering to empower Windward’s customers to stay ahead of emerging sanctions globally with one unified system for sanctions screening.’


Vinanz Ltd - bitcoin mining company with operations in the US and Canada - Applies to have shares eligible for electronic clearing and settlement in US through Depository Trust Co. ‘DTC eligibility is expected to simplify the process of trading and enhance liquidity of Vinanz shares in the US,’ it adds.


Red Rock Resources PLC - Africa, South America and Australia-focused natural resource explorer and developer - Notes visit to join partners Riverstone Resources Ltd on site at Bilbale gold operation in Burkina Faso rescheduled to March. ‘Initial work will consist of locating and setting up areas for initial trials, some trenching and benching, drilling of two bore holes, and civil works including ponds and preparation of areas for administration, fuel storage, laboratory, furnace, and security,’ Red Rock says. Riverstone, meanwhile, will deliver the machinery and equipment for exploration. Red Rock adds: ‘Much of which is held by them in stock, and which will be imported by air and sea with a transport time of 6-8 weeks. This equipment should arrive at a prepared site ready to start alluvial exploration operations with the minimum of delay. Red Rock and Riverstone will implement a test programme processing alluvial material from different parts of the license, on a scale sufficient to establish gold grade, including high grade zones.’


Oracle Power PLC - Western Australia and Pakistan-focused energy projects developer - Reports commencement of geotechnical study and electrical resistivity survey for planned renewable power plant on project site in Jhimpir, Pakistan. Oracle adds: ‘The geotechnical study will encompass soil investigation and deploy rotary drilling to obtain disturbed and undisturbed samples, as well as core drilling to assess rock formations on the site. The study will record rock quality designations and core recovery values.’ The electrical resistivity survey will size up ‘lithology, porosity and permeability from boreholes drilled’. ‘By determining these conditions through ERS technology, developers can seek to optimise site planning and infrastructure design to account for subsurface conditions,’ Oracle says.


Pathfinder Minerals PLC - AIM-listed cash shell seeking reverse takeover - Notes announcement of Rome Resources Ltd on the commencement of extension diamond drilling on Kalayi and Mont Agoma prospects on PEPM 13274 and PR 15130 assets, respectively. Together, these are referred to as the Bisie North tin project. In November, Pathfinder agreed to buy Rome Resources in a reverse takeover.


Hummingbird Resources PLC - West Africa-focused gold producer, developer and explorer - Notes Pasofino Gold Ltd update on commencement of exploration activities at Bukon Jedeh, a target at the Dugbe gold project in Liberia. Hummingbird owns 53% in Pasofino. Hummingbird adds: ‘Pasofino’s exploration efforts will concentrate on geological mapping and the collection of high-resolution ground magnetic survey data, activities which have already commenced. Additionally, Pasofino plans to conduct approximately 1,400 meters of drilling across roughly 15 drillholes, slated to begin in March 2024.’


SkinBioTherapeutics PLC - Newcastle, England-based life science company focused on skin health - Hails ‘positive interim data’ from study of AxisBiotix food supplement on acne sufferers. ‘The volunteer study, comprising 220 people, followed the same methodology to the AxisBiotix-Ps study, with the supplement containing the lead formulation, being supplied to participants in powder-form. Participants were then asked to record scores against specific criteria on an app. The scoring criteria included severity of acne, level of pain, attitude to appearance and levels of confidence,’ it says. Read out of final results is anticipated to before end of first-quarter.


World Chess PLC - London-based promoter of chess through chess-related activities - Says Andrew Winton appointed as chief marketing officer, a non-board role. Winton has ‘proven track record at Amazon, News Corp, EE, Sky, and Kaspersky’. In addition, firm continues work with International Chess Federation, or FIDE, for exclusive use of ‘World Chess Championship sets’. World Chess adds: ‘Designed by Pentagram for World Chess, this iconic chess set is one of the most popular chess sets in the world and is a key piece of the World Chess merchandising portfolio. The set is manufactured by World Chess for use in the Championship cycle and is also sold online and in premier retail outlets around the world, including Harrods, London.’ It also launches a special edition chess set. Finally, it says user base of gaming platform, grows. ‘FIDE Online Arena’s user base, which now has 740,000 registered users and includes 8,500 Pro members - paying members who have their own, unique FIDE ID. Following several marketing campaigns, the platform is reporting the direct cost of acquisition at €37 for its paid subscribers, well below the annual subscription price of €50, underscoring the platform’s value and exclusive role as the only official gaming platform that is authorised to issue online ratings and titles recognised by FIDE,’ it says.


Victorian Plumbing Group PLC - Lancashire, England-based bathroom retailer - Average order value in first 21 weeks of financial year down 3% on-year. ‘Customers are continuing to seek value and are purchasing proportionately more own brand products,’ Victorian Plumbing says. It adds: ‘In keeping with strategy, and despite an unchanged market backdrop, the group has continued to make market share gains, with year-on-year order volume up 4%, more than offsetting the reduction in AOV. As a result, we are pleased to report year to date revenue growth of 1%.’ Victorian Plumbing reports results for half-year to March 31 on May 28. It adds: ‘As planned, we are making significant progress towards the opening of our new distribution centre, which will address current capacity constraints, unlock growth potential and create efficiencies. One-third of the warehouse fit-out is now complete, with the expectation that we will be fully operational in the second half of 2024, on schedule and within budget.’


Schroder Real Estate Investment Trust Ltd - UK-focused property investor - Net asset value per share at December 31 third-quarter end totals 58.7 pence, down from 60.5p in September. Hails ‘continued leasing momentum’, however, as notes 32 new lettings, renewals and rent reviews during quarter. ‘Despite continuing market uncertainty the Company remains well placed with an above average rental income profile and the longest duration, fixed-rate debt in the peer group,’ Chair Alastair Hughes says.


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