Anglo Asian Mining Plc

London BTC Company has staked 36 mineral claims at its new Black Star gold-silver project in Nevada, with surface samples returning up to 16.23 grams per tonne gold. The project is the company's fourth in Nevada and sits just 16 miles from the 16.4 million ounce Hycroft Mine. In other company updates, CelLBxHealth reported its commercially weighted pipeline has grown to £3.5 million, with second-quarter revenue doubling to £0.4 million, and still expects at least £2.1 million in revenue for the full year. Anglo Asian Mining delivered record first-half copper production of 8,840 tonnes, driven by its Demirli mine ramp-up, with net cash climbing to £57.6 million after a $39.9 million cash build in the quarter. Galliford Try expects full-year profit at the top end of market forecasts, with cash up to £258.8 million and an order book of £4.3 billion, marking the sixth consecutive year of growth in revenue, profit and cash. Iofina produced a record 393 tonnes of iodine in the first half, beating its own upgraded guidance, and a new plant due online in September should push annual capacity significantly higher. NextEnergy Solar Fund has launched a formal sale process, inviting offers for the whole business, with shares rising 4% as the board moves to close a persistent discount to net asset value.

Anglo Asian Mining has appointed Worley Europe, part of Worley Group, to carry out feasibility studies for its Xarxar and Garadag deposits in Azerbaijan. The studies, scheduled for completion by mid-2027 and the first half of 2028 respectively, will evaluate copper heap leach processing and solvent extraction-electrowinning to enable on-site copper metal production, a first-of-its-kind proposal for Azerbaijan. The company also outlined a drilling programme for 2026 and 2027 totalling approximately 90,000 metres, split between 55,000 metres for exploration and 35,000 metres for feasibility study support. Operations have begun at Xarxar with two rigs, while exploration at Garadag is expected to start in the third quarter of 2026, with efforts focused on identifying extensions at both deposits and neighbouring areas, as well as continued drilling in the Gedabek contract area and potential extensions at Demirli mine and Demirli South. Underground drilling is also underway at Gilar to explore upper and deeper strata.