TRADING UPDATES: Quantum completes construction at Hindlip project
The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Quantum Data Energy PLC - London-based power infrastructure developer - Completes construction of its 7.5-megawatt Hindlip flexible generation power project, which has also been commissioned and achieved grid energisation. Delivers the project within the approved capex budget of £5 million, with a final forecast spend of approximately £4.63 million. Commercial operations imminent, Quantum says. Chief Executive Pieter Krugel says: "We are delighted that construction and commissioning have been successfully completed at our Hindlip project, and ready for commercial operations. The project has been delivered in line with the latest timeline set out in our March announcement, below budget, and every item on the project risk register has been closed out. We would like to thank everyone involved in successfully delivering this project, especially the teams on site, Powertree as our funding partner, and NGED. Upon commencement of commercial operations, Hindlip will become our second operational flexible generation asset. The project represents a further step in implementing our strategy to build a portfolio of 300+ MW of flexible generation assets."
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Tertiary Minerals PLC - mineral development company focused on deposits in the US, Zambia and northern Europe - Announces the first laboratory analytical results from the recent phase 4 drill programme at target A1, Mushima North Project in Zambia. Says the results, from five drill holes, "confirm both the presence of near-surface, thick silver-copper-zinc mineralisation and the higher-grade zone, both of which are part of the discovery zone, where the company has previously reported a near-surface exploration target of 15-30 million tonnes at 40-60 grams per tonne silver equivalent." Highlights include: 66 metres at 37 grams per tonne gold, 0.28% copper and 0.27% zinc (58 g/t gold equivalent) from 7 metres downhole; 7 metres at 56 grams per tonne gold, 0.48% copper and 0.27% zinc (89 g/t gold equivalent) from 81m downhole; and 6m at 0.32% bismuth, 0.32% cobalt, 15 g/t gold and 0.22% copper from 79m downhole. Additional laboratory analytical results are expected over the coming weeks. Remains on course to report a maiden mineral resource estimate this year. Richard Belcher, managing director, says: "While these are from only the first five holes, they have not disappointed...The potential for a higher-grade mineralised zone is also further supported with intersections including 7m at 89 g/t silver equivalent (1.49% copper equivalent) from 81m downhole. In addition, these results have returned additional elevated critical metals, including our highest one-metre grades of bismuth, antimony and cobalt to date which, while still at an early stage of investigation, could have the potential to be important accessory metals to the silver-copper-zinc mineralisation."
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African Pioneer PLC - natural resource explorer and developer focused on sub-Saharan Africa - Begins planning work on the Ongombo-Ongeama development programme under the terms of the conditional financing and technical services agreement with Hong Kong Xinhai Mining Services Ltd. "The parties plan, subject to availability of drill rigs, an initial drill programme for up to 4 diamond drill rigs split between Ongombo and Ongeama to complete the drilling required for geotechnical studies, final underground and open pit mine design and the update of the current 29 million tonnes at 1.1% copper equivalent JORC mineral resource estimate for the Ongombo project. Drilling will commence once all regulatory requirements have been completed and the parties have agreed on drill hole locations and final depths," the company says. Discussions are underway to agree the final mine design and plant throughput scope for the development of Ongombo-Ongeama, it adds.
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IMC Exploration Group PLC - Dublin-based exploration company - Subsidiary ASSAT LLC enters a contract with TTH Ltd, a specialised mining and geological consulting company, to complete a works programme to facilitate the Karaberd underground mining project. The contractor will deliver laboratory reconstruction to increase processing capacity; develop and prepare a formal exploration programme; and prepare the surface topography of the deposit for the commencement of underground mining operations. The gross estimated financial value of the contract works is EUR178,500, structured across fixed fees, advance payments, and a profit-share performance mechanism.
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Ampeak Energy Ltd- Edinburgh, Scotland-based developer, owner and operator of sustainable energy projects - JBR Energy Holdings Ltd, a special purpose vehicle owned by various directors of Ampeak's AW1 Battery Storage project construction partner, Jones Bros Ruthin (Civil Engineering) Co Ltd, has made a strategic investment in the AW1 project at Ampeak's Uskmouth Sustainable Energy Park. JB Energy has acquired a 24.7% equity stake in AW1 Storage Holdings Ltd from Ampeak for £7.8 million. The consideration comprises £3.9 million for the acquisition of equity and £3.9 million for JB Energy's purchase of a shareholder loan owed to AW1 Energy Storage Ltd. Ampeak Energy remains the majority owner of the AW1 project holding company, ASH, with a 50.6% shareholding. "This is a significant investment for the AW1 project, and the funds will accelerate the delivery of Ampeak Energy's existing development portfolio while also supporting exciting new opportunities the company has been exploring in the UK and internationally," the company says.
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Hydrogen Utopia International PLC - London-based developer of technology to convert non-recyclable waste plastics into hydrogen and other clean energy - Says the voluntary indicative eligibility check for HUI's project under the UK Department for Transport's Low Carbon Fuels Fund find the project as "likely eligible against the majority of the LCFF's key eligibility criteria, including fuel pathway, projected greenhouse gas emissions performance, technology readiness level, feedstock, plant location and lead applicant status." Adds: "The board views this as an encouraging early step in the company's engagement with the Fund, ahead of an anticipated full application, at which stage eligibility will be formally determined." The LCFF is a Department for Transport grant scheme launched in June 2026 to support the UK's Sustainable Aviation Fuel sector in developing investable, commercial-scale projects capable of delivering significant near-term reductions in UK aviation emissions. "This is a really encouraging outcome for us, and an important validation as we head towards a full application," says Aleksandra Binkowska, chief executive officer.
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Acceler8 Ventures PLC - investor in technology-enabled businesses, including Beijing-based Hui10 Inc - Says principal operating business Hui10 Inc has commenced the rollout of its Sports Lottery+ platform following its successful deployment in Hohhot, Inner Mongolia. "Sports Lottery+ is designed to evolve the lottery retail experience in China from the traditional single transaction to a broader integrated customer engagement experience and underpins Hui10's aim to increase lottery participation, through enhanced consumer lottery experience. The platform introduces a connected digital layer that strengthens relationships between participants, retailers, Sports Lottery stakeholders, brands, merchants and sports-related ecosystems. The roll out will continue in Inner Mongolia before extending to Hebei, Henan, Shandong, Liaoning, Jiangsu and Shanxi provinces over the next six months," the company says.
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Tomahawk Metals PLC - London-based firm building a portfolio of antimony, gold and silver projects in Western Australia and Slovakia - Announce assay results from a rock-chip sampling programme completed at its Saturn Gold Project in Western Australia. Highlights include: 38.16 grams per tonne gold from rock-chip sample TRC0011, with a repeat assay of 44.85 g/t gold. Says six of 32 primary samples return more than 5 g/t gold, including 18.69 g/t, 11.99 g/t, 7.15 g/t, 6.17 g/t and 5.42 g/t gold. Additionally, 15 of 32 samples return at least 0.5 g/t gold, and 27 of 32 returned gold above the laboratory detection limit. "Quartz veining and associated historical workings were observed at multiple locations across an approximately 3.7 kilometre-wide structural corridor, with individual quartz veins traced for up to 450 metres along strike. The continuity and geometry of these structures remain untested by drilling," Tomahawk says. Director Keith Coughlan says: "These high-grade surface results provide an encouraging first indication of the potential at Saturn. During the site visit, we observed extensive quartz veining and historical workings across several prospect areas. The next phase will focus on systematic follow-up sampling, geological mapping and the preparation of drill targets to test the extent and continuity of mineralisation."
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Great Southern Copper PLC - Focused on copper-gold-silver exploration in Chile - Announces first assay results have been received for four of the scout reverse circulation drill holes under the recent Especularita drilling programme. Of these, scout reverse circulation hole RC009 at the Artemisa North prospect intersects 106 metres at 0.33% copper and 42 parts per million molybdenum from surface beneath artisanal oxide copper workings, including 54 metres at 0.46% copper and 66 parts per million molybdenum from 16 metres. "Results confirm significant potential for large-scale porphyry copper-style mineralisation at Especularita and specifically beneath and surrounding the La Colorada lithocap," the company says. Assay results are pending for the remaining 13 RC holes. CEO Sam Garrett says: "This outstanding result for hole RC009 has greatly exceeded our expectations for the reconnaissance drilling programme and sets the scene for a very exciting exploration campaign to follow up this porphyry copper discovery...This result validates the company's aggressive 'drill-early' exploration strategy and confirms our working model that the La Colorada lithocap has the potential to conceal large-scale porphyry copper deposits."
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