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FOR IMMEDIATE RELEASE 13 OCTOBER 2021 CAPITAL Capital Limited ( " Capital " , the " Group " or the " Company " ) Q3 2021 Trading Update Capital ( LSE : CAPD ) , a leading mining services company focused on the African markets , today provides its Q3 2021 trading update for the period to 30 September 2021 . THIRD QUARTER ( Q3 ) 2021 KEY METRICS Q3 2021 Q3 2020 Q2 2021 % change from Q3 2020 % change from Q2 2021 Revenue ( US $ m ) 61.6 35.3 54.7 74.5 % 12.6 % ARPOR * ( US $ ) 182,000 171,000 180,000 6.4 % 1.1 % Average utilised rigs 81 60 81 35.0 % 0.0 % Fleet Utilisation ( % ) 76 61 79 24.6 % -3.8 % Average Fleet 107 98 103 9.2 % 3.9 % Closing fleet size 108 98 106 10.2 % 1.9 % Average monthly revenue per operating rig Financial Highlights • • • Revenue of $ 61.6 million represents a new quarterly revenue record for the Group , up 12.6 % on Q2 2021 ( $ 54.7 million ) and 74.5 % up on Q3 2020 ( $ 35.3 million ) ; Mine - site services continue to underpin revenue streams , contributing 90 % of Group revenue ; Non - drilling revenue contribution of 26 % to total revenue , up from 17 % in Q2 and 12 % in Q3 2020 , driven by mining services and MSALABS ; Average monthly revenue per operating rig ( " ARPOR " ) up marginally ( 1.1 % ) on Q2 2021 at US $ 182,000 , but up 6.4 % on Q3 2020 ( US $ 171,000 ) ; Interim dividend of 1.2 cents per share ( cps ) , paid on 1 October , up 33.3 % on 2020 interim dividend ( 0.9 cps ) ; Increasing 2021 Revenue Guidance : After a strong first three quarters of 2021 with better than anticipated drilling utilisation rates , and Sukari mining operations delivering ahead of contract targets , the Group is increasing guidance on anticipated revenues for 2021 to $ 220-225 million ( up from $ 200-210 million guided at our Q2 2021 trading update and up from $ 185-195 million originally guided at the FY20 results ) . Operational Update Fleet utilisation slightly reduced through the quarter to 76 % , a decrease of 3.8 % on Q2 2021 ( 79 % ) but an increase of 24.6 % on Q3 2020 ( 61 % ) . This was due to seasonal weather impacts , particularly in West Africa , and some short term rig movements . Despite lower utilisation , the number of active rigs remained constant with the Group's total rig count increasing to 108 rigs at the end of Q3 2021 ; Safety performance remains world class with the Group maintaining the eight LTI free milestones achieved since January 2021 , six being in excess of three years ; Commenced exploration drilling for Allied Gold Corp , Egypt ( contract previously announced ) ; New contract wins include : - An exploration contract with Thani Dubai Mining at its Anbat project in Egypt , due to commence in Q4 ; Exploration contract with Golden Rim Resources at its Kada project in Guinea , due to commence in October ; and A two - year maintenance contract with Kinross at its Tasiast Gold Mine in Mauritania , due to commence in Q4 . The contract expands our services on site , adding to the existing drilling and laboratory services contracts .