IN BRIEF: Oscillate first half loss narrows, progresses Duekoue site

Oscillate PLC - London-based firm creating a portfolio of base metals exploration and development projects, with an emphasis on copper - First half pretax loss narrows to £191,468 from £302,784 a year prior. Diluted loss per share is 0.04 pence compared to 0.28 pence. Operating loss narrows to £205,990 from £318,455 despite rise in administrative expenses as benefits from a narrowed loss on investments. Cash position at May 31 is £1.2 million compared to £1.1m a year ago. Says significant movement in intercompany debtors is due to funding projects in Minnesota and Cote d’Ivoire. Ongoing soil sampling and geophysical surveys at the Duekoue site in Cote d’Ivoire have identified several high-priority targets for follow-up sampling and trenching. Site access and logistics remain on schedule. On July 9, Oscillate announced a non-binding heads of terms with Kalahari Copper Ltd to acquire prospecting licences over Dalsu Prospects in Botswana. The licences incorporate 17 100% owned, highly prospective licences in the Kalahari Copper Belt and the Bushman Lineament. The board continues to ‘source good investments at an attractive price and hopes to be able to update the market presently,’ Oscillate says.

Current share price: 0.225 pence

12-month change: down 85%

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