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RNS Number : 8726R

Starvest PLC

02 July 2020

2 July 2020

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

Net Asset Value at 30 June 2020

Starvest PLC (LON:SVE), the London Stock Exchange AIM-listed specialist mining and resources investment business, announces a Net Asset Value update as at 30 June 2020.

Callum Baxter, Chairman and CEO, commented: "Our emphasis on re-aligning the portfolio toward gold stocks over the past 12-18 months has yielded strong growth in our Company's Net Asset Value, which now exceeds GBP10m. Currently, our handpicked investment portfolio, in particular our most important investment, Greatland Gold plc which now represents around 90 per cent of our value, is benefitting from the strong environment for gold as our investee companies are growing through ongoing development and solid production. We believe these operators will continue to achieve positive results due to their focus and hard work on good projects. We expect to benefit from further strength in the gold price to generate additional value for our shareholders."

The net asset value as at 30 June 2020 was as follows:

 
                                30 Jun 2020  31 Mar 2020  30 Jun 2019 
 Trading portfolio value           GBP10.8m   GBP4.54m     GBP2.00m 
 Company net asset value           GBP10.9m   GBP4.66m     GBP2.15m 
 Net asset value per            19.08 pence  8.33 pence   3.85 pence 
  share 
 Share price - mid              11.75 pence  4.25 pence    2.15pence 
 Share price discount 
  to net asset value                    38%      49%          44% 
 Market capitalisation             GBP6.70m   GBP2.38m     GBP1.20m 
 

All valuations are based on the closing market price.

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

Callum N Baxter

Chairman & Chief Executive

2 July 2020

Enquiries to:

Starvest PLC

Callum Baxter or Gemma Cryan 02077 696 876 info@starvest.co.uk

Grant Thornton UK LLP (Nomad)

Colin Aaronson, Harrison Clarke or Seamus Fricker 02073 835 100

SI Capital Ltd (Broker)

Nick Emerson or Alan Gunn 01483 413 500

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END

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