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FOR IMMEDIATE RELEASE 15 APRIL 2021 CAPITAL Capital Limited ( " Capital " , the " Group " or the " Company " ) Q1 2021 Trading Update Capital ( LSE : CAPD ) , a leading mining services company focused on the African markets , today provides its Q1 2021 trading update for the period ended 31 March 2021 ( the " Period ” ) . FIRST QUARTER ( Q1 ) 2021 KEY METRICS Q1 2021 Q1 2020 Q4 2020 % change from Q1 2020 % change from Q4 2020 Revenue ( US $ m ) 44.0 32.5 34.6 35.4 % 27.2 % ARPOR * ( US $ ) 180,000 170,000 172,000 5.9 % 4.7 % Average utilised rigs 64 56 56 14.3 % 14.3 % Fleet Utilisation ( % ) 67 % 57 % 59 % 17.5 % 13.6 % Average Fleet 95 98 95 -3.1 % 0.0 % Closing fleet size 98 99 94 -1.0 % 4.3 % Average monthly revenue per operating rig Financial Highlights • Revenue US $ 44.0 million , a 35.4 % increase on Q1 2020 ( US $ 32.5 million ) and a 27.2 % increase on Q4 2020 ( US $ 34.6 million ) , the strongest quarterly revenue performance since the Company's inception ; Mine - site services continue to underpin revenue streams , contributing 87 % of Group revenue ; . • • • Strong growth in non - drilling revenue contribution ( 21 % of total revenue ) compared with Q1 2020 ( 12 % ) , driven by MSALABS , Well Force and Mining Services ; West African region contributed 37 % to Group revenues in Q1 , a 15 % increase compared to Q1 2020 ( 32 % ) and a 95 % increase since commencing the strategic relocation of assets in Q1 2018 ( 19 % ) ; Average monthly revenue per operating rig ( " ARPOR " ) increased 4.7 % ( US $ 180,000 ) on Q4 2020 ( US $ 172,000 ) attributed to strengthening revenue contributions from new contracts ( Predictive , Firefinch and Oriole ) , together with improved performance at long - term contracts ( Centamin , Hummingbird and Resolute ) ; and Declared a final dividend of US 1.3 cps for the 2020 financial year ( 2019 : US 0.7 cps ) , payable 4 May 2021 . Operational Highlights • Fleet Utilisation increased to 67 % , an increase of 17.5 % on Q1 2020 ( 57 % ) and 13.6 % on Q4 2020 ( 59 % ) driven by start - up of new contracts ; • • • MSM , our fledgling maintenance business , awarded two - year complete hydraulic hose services contract with Resolute at the Syama Gold Mine , Mali ; New exploration & delineation contracts awarded ( previously announced ) during the quarter include : Initial six - month delineation drilling contract for Allied Gold Corp , Mali ; Exploration drilling contract for new client Cora Gold , Mali ; Exploration drilling contract with Perseus Mining in Côte d'Ivoire ; Initial six - month delineation drilling contract with Aya Gold and Silver Inc in Mauritania ; and Six - month exploration drilling contract for Endeavour Mining Corporation , Burkina Faso . Transformational Sukari waste mining contract progressing well , highlights include : Q1 asset commissioning completed marginally ahead of schedule with the second phase of equipment commissioning on track for completion early Q2 ; Earth moving operations commenced in February ; and Substantial progress on recruitment with approximately 70 % of planned workforce hired during the quarter .