Business
2022-23 Interim Results
2022-23 Interim Results.
About this update from Imc Exploration Group Plc
[{"type":"text","content":"\n \n THE DIRECTORS OF IMC EXPLORATION GROUP PLC CONSIDER THIS ANNOUNCEMENT TO CONTAIN INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION (EU) NO. 596/2014 OF THE EUROPEAN PARLIAMENT AND THE COUNCIL OF 16 APRIL 2014 ON MARKET ABUSE AS IT FORMS PART OF RETAINED EU LAW AS DEFINED IN THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (THE \"MARKET ABUSE REGULATION\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT THE INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n RESULTS FOR THE PERIOD 1st JULY 2022 TO 31st DECEMBER 2022\n \n IMC Exploration Group Public Limited Company\n (“IMC” or the “Company”)\n \n Chairman’s Statement\n \n The Directors of IMC are pleased to present the Company’s unaudited, consolidated, interim financial results for the first six-month period ended 31st December 2022 of its current financial year running from 1st July 2022 to 30th June 2023.\n IMC views its strategic licence holding to be amongst the most prospective exploration licences currently available in Ireland. Commodity prices have powered ahead in the last six months, with the price of copper reaching an all-time high. The availability of copper will play a vital role in the achievement of global national climate objectives signed up to in the Paris agreement. Demand for copper is already being reflected in its surging price and IMC hopes to be part of the copper supply chain. The Avoca Copper mine is situated on IMC’s licence area along with its spoils and tailings project in Avoca, Co. Wicklow. Following the conclusion of the CSA Global Mineral Resource Estimate for East Avoca, IMC’s last drill programme focused on exploring the unmined, south-western extension of the Avoca Cu-Zn-Pb-Ag-Au deposit with encouraging positive results as reported previously. IMC is scheduled to carry out a further series of trial pits in order to complete the geological model. \n The price of gold has been at its strongest in recent months, as demand for gold surges across the world. Gold is playing its age-old role as a safe haven in times of high inflation and geopolitical uncertainty. IMC again is very focused on its Avoca and North Wexford gold projects, in addition to its spoils and tailings project. \n IMC has just received approval for its Spring drilling programme from the ...