Share Talk LTD

Kavango Resources plc (LSE: KAV), the Southern Africa-focused metals exploration company, announced the Company has raised £3,085,366 by the issue of 257,113,862 New Ordinary Shares in the capital of the Company (“New Ordinary Shares”) at a price per share of 1.2 pence, via an underwritten accelerated bookbuild. Share Talk took the opportunity to catch up with CEO Ben Turney to hear his thoughts and what the future holds for investors. The company announced yesterday that it has agreed to updated terms for the exercise of the Hillside Call Option with the vendors of the Hillside Project ("Hillside") and Leopard South Project. Kavango has granted a royalty of 5% of gold production on the properties, capped at a value of $1,500,000, and which Kavango may at its option buy out within 12 months for an issue of 63,125,000 shares in the Company. Ben Turney, Chief Executive Officer of Kavango, commented: “Following the successful completion of the £3.08million financing, we’ve finalised terms on exercising the Hillside project option. The accelerated bookbuild was an innovative funding approach that was only possible thanks to Purebond’s strong support for Kavango and has helped us defend our recent share price gains in difficult market conditions. In completing this transaction, Kavango becomes the sole owner of a significant ground holding in a highly prospective area for large-scale gold mining. Our recent drill results from Hillside have confirmed the region’s great potential. Highlights from our first two holes included 7.2m @ 9.95g/t at Prospect 2 and 2.53m @ 29.08g/t at Prospect 4. We plan to return soon with the drill rig to follow up on these targets to test for bulk-minable ore bodies. Meanwhile, through Kavango Mining, we will continue to increase profitable gold production at Hillside. Encouragingly, production in April was just over 1kg, representing a second consecutive profitable month. It is encouraging that this business unit is performing better than expected and before we invest in new equipment. We will shortly announce a capital investment programme to grow production over the coming months. I must congratulate all our team for the excellent work they are doing. Our exploration team is performing extremely well and the Kavango Mining team has got off to a great start. We are laying a strong foundation in Zimbabwe to build a successful business together.” https://www.share-talk.com/ben-turney-chief-executive-officer-of-kavango-resources-lonkav-talking-to-zaks-traders-cafe-2/

Andy Carroll, CEO of Mosman Oil and Gas Ltd (LON: MSMN), spoke with Share Talk with the news that the company has received the final Government approval on the Farmin of its Australian project EP 145, in which Mosman currently holds a 100% interest. Work now continues to secure all required approvals for the next step of exploration by Farmin partner, Greenvale Energy Ltd (ASX: GRV / 'Greenvale'). Farmin Agreement A Farmin Agreement was signed with a subsidiary of Greenvale in October 2023, where it can earn 75% interest by funding seismic acquisition and drilling a well (to a cap of AUD 5.5 million). With the approval from the Northern Territory government now in place, the Farmin will proceed accordingly. Greenvale will earn a 75% working interest in EP 145 by: · Paying AUD 160,000 in cash to Mosman within 5 business days. · Paying for the EP 145 Permit Year 3 Work Programme, including seismic acquisition and processing. · Funding the Permit Year 4 Work Programme, including drilling one well with a well cost cap of AUD 5.5 million. · The Year 3 Work Programme is to be completed by August 2024; the cost of the seismic acquisition is estimated to be circa AUD 2 million. · The Year 4 Work Programme is to be completed by August 2025. The cost of drilling a well depends on many factors including the depth of a well and cost of drilling rigs at the time of drilling. The seismic acquisition programme is planned for mid-2024, followed by drilling in 2025. Background to EP145 Two wells have been drilled in EP 145 and both encountered hydrocarbons and were not tested for hydrogen or helium. Most wells in the Amadeus Basin that have been tested for helium have significant helium content. A seismic data set was reprocessed by Mosman and it identified a large structure which may be an extension of the Mereenie anticline structure. Mosman published a Prospective Resource estimate for EP-145 in October 2022 (detailed below). https://www.share-talk.com/mosman-oil-and-gas-lonmsmn-ceo-andy-carroll-progress-at-ep-145-project-with-govt-approval/

In the interview on Zak Mir's channel, Bernard Olivier, CEO of URA Holdings, discusses the recent developments at the Gravelotte Emerald Mine. Olivier reports that the mine has commenced production on schedule and within budget. He highlights that the mine, historically a significant source of emeralds in the 1970s, is ramping up production with a focus on building up stockpiles for future auctions. He praises his team for their efficiency in bringing the mine back into production quickly and below cost. The discussion also touches on the company's plans for the second half of the year, including generating revenue from the first auction of emeralds. Olivier emphasizes the importance of having a large enough quantity of run-off mine material to attract buyers. Here are the key points from the interview with Bernard Olivier, CEO of URA Holdings: Start of Production:Phased Production:Historical Significance:Operational Excellence:Future Plans:Revenue Generation:

Zak Mir talks to Naheed Memon, CEO of Oracle Power, as she answers the latest questions from shareholders of the project development company. Here’s a summary of the discussion: Financial Status and Fundraising: Projects in Pakistan: Realizing Shareholder Value: Share Price Volatility and Valuation: Improving Market Confidence: Cash Generation and Strategic Projects: In the concluding portion of the Oracle Power Q&A, the CEO, Naheed Memon, discusses two significant projects and their potential to deliver value to shareholders: Green Hydrogen Project: Project Completion and Future Expectations: Overall, the discussion reflects Oracle Power's strategic focus on developing large-scale projects with substantial future returns and their commitment to improving communication and market confidence. The CEO's perspective is optimistic regarding the upcoming returns from their investments, particularly from the Northern Zone and Green Hydrogen projects.

Ondo InsurTech PLC (LON: ONDO), a pioneering firm in technology that mitigates water leak claims for home insurers, announced that its performance for the fiscal year ending March 31 met expectations. The company informed investors that it concluded the period with £400,000 in cash and an equivalent amount in accounts receivable that was collected shortly thereafter. Ondo reported notable international expansion, especially with significant progress in the US market, marked by the initiation of partnerships in four states. The company has established collaborations with Nationwide in Ohio, Selective in New Jersey, Mutual of Enumclaw in Washington, and Pure Underwriting in New York, all of which have received favourable responses from insurers and customers alike. These successful introductions have bolstered confidence among Ondo’s management about the potential for further expansion into additional states and establishing more partnerships throughout the year. "The positive feedback and results from our recent launches in the US are very promising and highlight the strong future for our company as we continue to expand in the US," stated CEO Craig Foster. In Europe, with a focus on the Nordic countries, Ondo is further solidifying its market presence. The company has renewed its contract with LB Forsikring and is pushing forward with new initiatives in Denmark and Sweden. Additional growth is anticipated in the UK and Nordic areas as the year unfolds. In the UK, the deployment of Ondo's LeakBot technology has increased significantly following a substantial contract with South-West Water, which ordered 6,000 units in February. To date, 1,800 LeakBots have been installed, with full completion of this order expected by the end of May. https://www.share-talk.com/ondo-insurtech-on-track-lon-ondo-ceo-craig-foster-talks-to-zaks-traders-cafe/

Zak Mir talks to Jason Brewer, CEO of Marula Mining, regarding the latest developments at the African-focused mining and development company, running through the portfolio and its prospects. Here’s a summary of the key points: Company Overview: Lithium Mining: Byproduct Sales: Manganese Mine Acquisition: Graphite Mining in Tanzania: Market Performance and Investor Sentiment: Management and Strategy: The interview highlights Marula Mining’s strategic advancements and challenges in a bearish market, focusing on diversification and development of battery metals essential for modern technologies.

Zak Mir talks to Ryan Mee, CEO of Fulcrum Metals, as the company focused on mineral exploration and development in Canada, announces that it has entered into a non-binding Letter of Intent with Terra Balcanica Resources Corp. (CNSX: TERA). Pursuant to the LOI, Terra, through an Option Agreement, will be granted the option to acquire a 100% interest in Fulcrum's uranium projects located in Saskatchewan, Canada. Here's a summary of the interview with Ryan Mee, CEO of Fulcrum Metals: IntervieweeFocusUranium PortfolioAsset DisposalCreating Returns for InvestorsRapid ProgressGold Acquisitions in OntarioExploration SuccessStrategyMarket Sentiment This summary captures the key points from Ryan Mee’s discussion about Fulcrum Metals' strategies, achievements, and future outlook in the mineral exploration and development sector.

It has been a while since we last spoke to Ben, the recent news was the preliminary interpretation for geophysical survey data on its property in Botswana’s Kalahari Copper Belt (“KCB”), from South Africa-based New Resolution Geophysics. Ben Turney comments on Kavango's analysis of regional copper-silver deposits in the KCB. He notes the importance of basin and sub-basin structures, including basin margins and intravaginal highs, in sedimentary copper models. Turney expresses confidence in the company’s exploration program in the KCB, suggesting that their data points to the presence of a large-scale system capable of hosting significant copper-silver deposits. Plans for further ground geophysics and drilling later in the quarter are mentioned. Key insights from this content include: FocusKey FindingHistoric Drilling DataAnalysis of Copper-Silver DepositsCompany’s ConfidenceExploration ProgrammeNext StepsTeam’s Contribution Kavango Resources (LON: KAV) BOTS – Preliminary KCB Heliborne Geophysics Interp Highlights · Helicopter-borne gravity has clearly defined a WSW-ENE trending ~9 milliGal gravity high (Kara) underlying the Kara Anticline. · Historic drilling by ENRG, from whom Kavango in 2023 acquired a 90% interest in 6 licences, confirms the existence of lower DKF in the fold structures recently mapped and noted pathfinder minerals, pyrite, sphalerite, and galena. Ben Turney, Chief Executive Officer of Kavango Resources, commented: “Based on its analysis of regional copper-silver deposits in the KCB, Kavango believes the configuration of basin and sub-basin structures, including basin margins and intra-basinal highs, plays a pivotal role in many sedimentary copper models. We’re quietly confident our Kalahari Copper Belt exploration programme is going to deliver. The different exploration data sets we’ve gathered appears to point in the same direction, namely that our ground covers the style of large-scale system that could host significant copper-silver deposits. We are now defining final target areas to test with ground geophysics and then drilling a little later this quarter. This is great work from the Kavango team. Thank you all.” The NRG geophysical survey covered 2,374 line-km of helicopter heliborne Time Domain Electromagnetic (“EM”), Magnetic, and Gravity data (announced >>> 22 March 2024)

ECR Minerals plc (AIM: ECR), a company specializing in gold exploration and development in Australia, announced its successful fundraising of £585,000, pending Admission. This was achieved through the issuance of 195,000,000 new ordinary shares, known as “Placing Shares,” at a rate of 0.30 pence per share (the “Placing Price”) in a process referred to as the “Placing.” The Placing Price is set at roughly a 30% discount compared to the closing middle market price of 0.43 pence per Ordinary Share as of 13 March 2024, which was the last business day before this announcement was made. The funds raised from the Placing will be strategically utilized to further develop ECR’s projects in Victoria and Queensland throughout 2024. Here are the key points from the Interview: Capital Raise OverviewUse of ProceedsProject Details and GoalsOperational StrategyMarket Position and OutlookShareholder and Investor RelationsFuture Prospects https://www.share-talk.com/ecr-minerals-mike-whitlow-and-andrew-scott-talk-585000-capital-raise/

On his flying visit to the UK, Jason gave up his time to call into the London studio this afternoon before boarding a flight this evening back to Nairobi, Kenya. November last year when Jason called into the studio, the share price stood at 9p now it is circular 14p. A lot is going on with Marula Mining, three listings are due, dual listing on the Nairobi stock exchange, and the first-ever mining company to list. He was completing further dual listing in South Africa, to follow quickly and the listing in London with the company leaving AQSE and bypassing AIM with a listing on the main market. Maru will hold a general meeting tomorrow to approve issues of shares to take the company’s market cap to over £30 million. On 8 February 2024, the Company announced that it had signed a further amendment to the Subscription of Shares Agreement, in which K2 irrevocably and unconditionally consented to the novation of the entirety of its rights and obligations under the Subscription of Shares Agreement to the Subscriber. The Subscriber is AUO Commercial Brokerage LLC, a Dubai-incorporated affiliate of Q Global, one of South Africa’s leading independent commodity, mining, logistics and investment funds. Under the terms of the Subscription of Shares Agreement, as amended, the Subscriber has conditionally agreed to subscribe for 147,800,000 New Ordinary Shares up to a value of £8,530,000. The Circular contains a Notice of General Meeting to be held at the office of Memery Crystal, 165 Fleet Street, London EC4A on 8 March 2024 at 2.00 p.m. (the “General Meeting”). https://www.share-talk.com/jason-brewer-ceo-of-marula-mining-aqse-maru-talking-to-share-talk-in-london-studio/

A fintech company, seeking to unlock capital & create value in tokenised digital markets as a leading provider of technology solutions & as an exchange & marketplace operator. On completion of the acquisition, which includes the GATENet DFMI intellectual property (digital financial markets infrastructure), will strategically position Valereum as a leader in tokenisation, which is set to grow considerably over the next few years as regulatory frameworks evolve favourably, fostering increased trust and adoption in mainstream financial markets. Valereum will also adopt GATE Token (the utility token of GATENet) as the sole token within the Valereum ecosystem and it will release further details regarding the token utility and how it will seek to responsibly grow the GATE Token ecosystem in the near future. Following the acquisition, the intellectual property will be utilised by Valereum and the GSX brand will be discontinued as part of an orderly dissolution of the GSX Group. The list of questions used in the interview is as follows 1. Nick, you’re the recently appointed CEO of Valereum, could you tell us more about your background? 2. Can you explain Valereum’s acquisition of the GSX group and what it means for Valereum Plc? 3. Could you give a high level overview of the business structure and set up post acquisition of GSX Group? 4. What are Valereum’s current goals for 2024 and what challenges do you face? 5. You have recently conducted the first virtual shareholder meeting for Valereum on the 22nd February, how did that go? 6. How big is the tokenisation market and what is Valereum’s aim in regards to market share within that space? 7. What is Gatenet and what is Gate token, how does it fit in with Valereum’s plans? 8. Valereum will seek to launch Real World Asset (RWA) platforms, what is the reasoning behind this move? 9. ⁠In the presentation to the shareholders, there was mention of the ‘investomer concept’ could you elaborate on that? Not forgetting VLRM Capital is an investment vehicle managing both VLRM’s funds and third-party capital. The VLRM strategy for growth is centred around principal trading in securities and crypto, alongside yield farming and node operations for 3rd party blockchains.

Today we spoke with Edward Wyvill, Corp. Development commented on the successful completion of its significantly oversubscribed proposed Fundraising as announced on 12th Feb 2024. Greenland is home to vast, untapped deposits of valuable minerals with high-grade extension of Target Block confirmed at Nalunaq Amaroq Minerals Ltd., an independent mine development company with a substantial land package in Southern Greenland, has been listed on the Nasdaq Main Market in Iceland. This move from the Nasdaq First North Growth Market Iceland to the Main Market is expected to increase the visibility of the company and possibly make it eligible for inclusion in Icelandic and international stock market indices. The transition to the Main Market is seen as a strategic step for Amaroq, potentially attracting more Icelandic institutional investors, including pension funds. This could be significant given the substantial assets managed by these funds. On Monday the company confirmed, further to its announcement on 11 February 2024, its intention to conduct a placing and subscription of new common shares to raise gross proceeds of approximately £30.0 million (equivalent to approximately C$51.0 million or ISK5.2 billion) at a price of 74 pence (C$1.25, ISK127) per new Common Share, with the net proceeds being used to accelerate development and exploration activities. Eldur Olafsson, CEO of Amaroq, commented: “We are investing to increase recoveries at Nalunaq and to accelerate our exploration plans in our strategic mineral acreage across Southern Greenland, which has become one of the last frontiers for Western governments and companies to secure scaled supply of strategic minerals so desperately needed for the energy transition. By further de-risking the development of Nalunaq whilst also advancing exploration in both gold and strategic minerals, we believe we can deliver value for shareholders. It is a very exciting time to be the largest acreage holder in Southern Greenland.” On January 24, 2024, Amaroq Minerals announced the provisional results from its 2023 exploration programme on the Sava copper project, at the centre of the developing South Greenland copper belt. James Gilbertson, VP of Exploration of Amaroq, commented: “Our 2023 drill programme at Sava has identified further evidence of a significant copper mineral system at Target West. These results, on previously overlooked ground, suggest the presence of a typical large scale porphyry-style system and are testament to our discovery strategy and geological team. Target West is the first of multiple copper targets within Amaroq’s portfolio. We have now confirmed skarn mineralisation with up to 11.6% Cu at Kobberminebugt, porphyry-style mineralisation at Sava with assays up to 2.0% CuEq and numerous other porphyry, and epithermal targets across a belt extending over 120km. “2023 proved to be a very promising first year for our 3-year funded exploration programme through the Gardaq JV. At present we have identified tonnage and remain close to surface. We will now continue to drill the targets to identify and locate high-grade mineralisation. Subject to results, we would expect to be in a position to define the feasibility of a project such as this after 3-5 years and at that stage establish a pathway towards permitting and development.” https://www.share-talk.com/edward-wyvill-amaroq-minerals-aim-tsx-v-nasdaq-iceland-amrq-talking-to-zak-mir/

As today’s newsflow reminds us, since listing the progress of the company has been faultless in terms of proving up its assets, and indeed, in this case, other’s progress next door to First Class Metals in the West Pickle Lake area, chonolith/feeder dyke structures now extend over more than five kilometres of strike length. First Class Metals (LON: FCM) the UK metals exploration company, reported that Palladium One continues to intersect potentially economic Ni-Cu mineralisation in and around the West Pickle Lake Joint Venture area. FCM said it remains encouraged by the progress the Palladium One exploration is making in the WPL zone and the wider discovery area. Particularly the success near to the FCM claim boundary with the results from TK23-128. FCM will continue to pursue third-party interest in this sector of North Hemlo. First Class Metals Sunbeam Property: High-Grade Gold Assay Results Whatever the share price is in its range, FCM reminds us that it continues to prove its assets. Yesterday the focus was on Sunbeam, where once again, Marc and the team are getting on with the job. First Class Metals announced high-grade gold assays from channel sampling undertaken following the recently completed exploration at the Company’s 100% owned Sunbeam property. FCM said that since it optioned Sunbeam in late 2022, it has made quick and significant progress in developing the Property both in terms of understanding the mineralisation and increasing its scale. The channel results from Roy and Pettigrew are most encouraging and have identified drill targets at both locations.

Pulsar Helium Inc. (TSXV: PLSR & FRA: Y3K) announced that drilling the Jetstream #1 appraisal well at the Topaz helium project is anticipated to commence on February 2nd, 2024. Drilling is anticipated to be completed within one month with flow testing to commence immediately following demobilisation. Capstar will provide a 6000 Elenburg Manufacturing trailer-mounted drilling rig to drill the Jetstream #1 appraisal well at Topaz. Mobilization is anticipated to be completed by January 28th with drilling to commence on February 2nd. All required permits have been received and site preparation is complete. Jetstream #1 will be drilled to a depth of 686m (2,250ft) with contingency in place to extend to 762m (2,500ft). A mass spectrometer will be onsite providing gas composition every 100 seconds with gas samples to be collected when zones of helium gas response are encountered. Upon reaching total depth, a comprehensive suite of open hole wireline logs will be acquired by Baker Hughes. Following the wireline data acquisition, the well will be completed and the rig will be released and demobilised. A well testing package will then mobilise and rig up on the Jetstream #1 well and execute a flow testing and pressure build-up program, and collect pressurised gas sample data.

Zak Mir talks to Anthony Chow, Co-Founder, of Agronomics, the venture capital firm, which invests in cellular agriculture. The expectation is that several Agronomics portfolio companies’ products gain regulatory approvals this year. Liberation Labs’ factory is expected to come online and begin generating cash. The stock is therefore supported by some relatively near-term events that should increase the value of the business. Agronomics is a leading London-listed company focusing on investment opportunities within the field of cellular agriculture. In 2019, Mr. Mellon co-founded Agronomics and now sits on the board of three of Agronomics’ portfolio companies including Liberation Labs, Meatly and Clean Food Group. https://www.share-talk.com/zak-mir-talks-to-anthony-chow-co-founder-of-agronomics-aimanic-limited/

Zak Mir talking to Chief Operating Officer, Mike Whitlow with today's confirmation from the company that its subsidiary, Mercator Gold Australia Pty Limited, has agreed to effect the sale of two under-utilised non-core assets. 2023 has been a brutal year, even companies that have done nothing wrong are in negative equity. Are we at the bottom, will 2004 be better on a micro level, liquidity? ECR Managing Director Nick Tulloch commented: “We have had a stated plan to realise value from assets within ECR that we are not using or do not require. Finalising these two agreements before the end of 2023 exceeds our expectations on timing but the fact that the expected proceeds from these sales should exceed our G&A expenses for the coming year is particularly pleasing. It is a little over three months since Mike Whitlow and I joined the Company. In that time, we have recapitalised the Company, re-positioned our portfolio to be more cost-effective, commenced a drilling campaign and now realised funds from non-core assets. We believe 2024 holds a great deal of promise for ECR and we look forward to updating shareholders on our ongoing progress.” Kuboid Hill and Davey Road prospects, both of which have previously provided evidence of gold mineralisation from soil analysis and rock chip sampling. The following drilling assay results are due shortly after the holiday season. https://www.share-talk.com/ecr-minerals-plc-aimecr-mike-whitlow-chief-operating-officer-talking-to-zak-mir/

Drilling near completion at ECR Minerals plc Creswick gold project in central Victoria, Australia. Andrew Scott (Non-Executive Director) talking to Technical Director Adam Jones at Davey Road prospect, Creswick. Kuboid Hill and Davey Road prospects, both of which have previously provided evidence of gold mineralisation from soil analysis and rock chip sampling. Following drilling assay results are due shortly after the holiday season https://www.share-talk.com/ecr-minerals-plc-aimecr-technical-director-adam-jones-at-davey-road-prospect-creswick/

We caught up with Ben, and our first question was what investors should focus on going into 2024. Kavango Resources, a company specializing in metal exploration in Southern Africa, recently secured a £6M investment from Purebond, granting them a 52.4% stake in Kavango’s share capital. Ben outlined the reasons for Purebond’s £6M investment and detailed the investors behind Purebond, along with his plans for utilizing the funds. Having access to capital in the current market must put Kavango in a very strong position! Plus let’s not forget the people behind the capital, brothers, billionaires, British-based. This investment has enabled Kavango to pivot its focus in 2023, leading to the successful acquisition of six Prospecting Licenses in the Kalahari Copper Belt of Botswana. Here, they have initiated a helicopter-based geophysical study to explore the area’s copper and silver prospects. Additionally, in Southern Zimbabwe, Kavango has recently taken over three promising large-scale gold mining projects near Bulawayo. The company has also acquired a 15% stake in Pambili Natural Resources Corporation in Matabeleland. https://www.share-talk.com/ben-turney-ceo-of-kavango-resources-lonkav-talking-with-zak-mir/

Zak Mir talks to Thomas Abraham James, CEO & President Pulsar Helium (TSXV: PLSR) as it is announced that processing of the passive seismic survey at the Company’s wholly-owned Topaz helium project in Minnesota, is complete. The appraisal well, named Jetstream#1, is scheduled for February 2024 and will be drilled within approximately 20 metres of the LOD-6 discovery well that flowed 10.5% helium.

Fusion Antibodies plc (AIM: FAB), as the Early Discovery Contract Research Organisation specialising in pre-clinical antibody discovery, announces its unaudited interim results for the six months ended 30 September 2023 and provides an update on recent commercial progress. Operational highlights · Increased numbers of commercial opportunities identified and improving pipeline valuation · A number of projects delayed by clients as they seek further investment · Progress in development of the OptiMAL® library, with demonstration of whole IgG antibodies expressed on the cell surface · £1.67 million fundraise alongside £1.6 million cost rationalisation exercise · Appointment of Stephen Smyth as interim CFO Financial highlights · Revenue of £541k (H1 FY2023: £1.9 million) · Expenditure on R&D decreased by 60% to £0.18 million (H1 FY2023: £0.45 million) · Loss of £1.4 million (H1 FY2023: £1.1 million loss) · Cash position at 30 September 2023 was £0.5 million (31 March 2023: £0.2 million) Post-period highlights · Collaboration Agreement with the National Cancer Institute, USA ("NCI") to validate OptiMAL® · First AI/ML-AbTM project successfully completed · Further pipeline progression and increased rate of deal closures · FY2024 results expected to be significantly weighted towards the second half of the year Commenting on the interim results, Adrian Kinkaid, CEO of Fusion Antibodies plc, said: "During this calendar year, the industry has been experiencing significant headwinds especially in the venture capital ("VC") funded biotech sector. A number of clients have consequently delayed initiating their projects with us. Nonetheless, we have generated a significantly stronger pipeline which includes a wider diversity of clients that are less dependent on VC funding. Consequently, whilst overall revenues for the period are low as previously announced, through our efforts we have benefitted from a trend of increasing month-on-month revenues throughout the H1 FY2024 period, which we hope will continue to strengthen in the remainder H2 and beyond. "It is particularly encouraging to see our newer offerings also being well received with our first AI/ML-AbTM contract being successfully completed and, post-period end, securing the agreement with the NCI to help validate OptiMAL®. Both of these developments are having a positive impact on market awareness and engagement."