Starvest PLC Net Asset Value at 30 September 2023 (4153O)

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RNS Number : 4153O

Starvest PLC

02 October 2023

02 October 2023

Starvest Plc ("Starvest" or the "Company")

Net Asset Value at 30 September 2023

Starvest Plc (LON:SVE), the London Stock Exchange AIM-listed specialist mining and resources investment company, announces a Net Asset Value ("NAV") update as at 30 September 2023.

Mark Badros, CEO, commented: "Despite the difficult market environment, we note there are certain upcoming catalysts in the metals and mining sector that could portend greater investor interest in this sector. Our principal investee company, Greatland Gold, expects that its joint venture partner in the Havieron project, Newcrest Mining, will close its acquisition by Newmont Corporation in November 2023. We continue to explore ways for our shareholders to realise the intrinsic value in Starvest shares. "

The NAV as at 30 September 2023 and certain prior periods were as follows:

 
                             30 Sept    30 Jun 2023   30 Sept 2022 
                               2023 
 Trading Portfolio Value     GBP5.3m      GBP6.0m       GBP6.2m 
 Company NAV                 GBP5.5m      GBP6.2m       GBP6.6m 
 NAV per Share              9.4 pence   10.7 pence     11.3 pence 
 Share price - mid          5.5 pence    7.0 pence        8 pence 
 Share price discount 
  to net asset value           41%          34%           29% 
 Market capitalisation       GBP3.2m      GBP4.1m       GBP4.7m 
 

Portfolio holdings are valued using their closing market prices as of the date shown.

Starvest is a specialist mining and resource investment company and has the industry knowledge and market exposure to select compelling opportunities early in the investment cycle.

Investors are encouraged to view our RNS feed on the Starvest web site www.starvest.co.uk/announcements

Investors are also encouraged to follow and review the RNS and other news flows issued or otherwise disseminated by Greatland Gold plc, an investee company which constitutes substantially the largest portion of Starvest's trading portfolio value and whose share price can influence that of Starvest. www.greatlandgold.com/media/investor-news/

Mark Badros

Chief Executive Officer

02 October 2023

Enquiries to:

Starvest PLC

Mark Badros or Gemma Cryan 02077 696 876 [e-mail]

Grant Thornton UK LLP (Nomad)

Colin Aaronson, Harrison Clarke or Ciara Donnelly 02073 835 100

SI Capital Ltd (Broker)

Nick Emerson or Sam Lomanto 01483 413 500

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(END) Dow Jones Newswires

October 02, 2023 10:07 ET (14:07 GMT)