Rockfire Resources PLC (LON:ROCK) has returned broad, consistent gold assays from a geophysical target on its Plateau gold project in Australia. The results are indicative of a large-scale gold deposit, similar to the Mt Wright gold mine, which is in turn part of the 10mln ounce-plus Ravenswood complex. Of particular note was gold mineralisation occurring almost continuously throughout a 215 metre deep hole, including 177 metres at 0.5 grams per tonne gold.
Thor Mining PLC (LON:THR) has received encouraging first results from hydrogeological drilling at the Kapunda ISR (in-situ recovery) copper project in Australia. Associate EnviroCopper drilled three holes and two screened wells at Kapunda to test the potential for an ISR operation – where ore is dissolved in the ground and the solution pumped to the surface to extract the metals.
Ncondezi Energy Limited (LON:NCCL) has received support “in principle” for a restructuring of an outstanding US$4.3mln loan plus interest. The restructuring involves a 12-month extension on existing terms, including 12% annual interest rate and the ability for lenders to swap debt for equity in part or in full at a conversion price of 10p per share
Motif Bio PLC (LON:MTFB) said it expects to make “significant savings” from delisting its depositary shares from America’s NASDAQ market. It will remain listed on AIM in the UK. Following the wind-down of its business, Motif Bio will become a cash shell
Crossword Cybersecurity PLC (LON:CCS) said its consulting division is breaking into new sectors and landing contracts with bigger customers. The division has recently signed numerous agreements including three with companies in the automotive, insurance and property sectors.
Allergy Therapeutics PLC (LON:AGY) said it is taking a “stepwise approach” to its upcoming phase III trial of its Grass MATA MPL vaccine for hay fever. Instead of embarking on one large study it will split the process in two – covering the 2020/2021 and 2021/2022 pollen seasons. This will allow Allergy to carry out an interim analysis of the data at the halfway stage.
Coinsilium Group Limited (LON:COIN) has unveiled plans to launch a blockchain software and smart contract development studio in Gibraltar. The blockchain investment and advisory firm said under a memorandum of understanding (MoU) signed with tech firm Devmons Management. Under the MOU the two companies will rebrand Consilium’s Gibraltar subsidiary, TerraStream, as ‘TerraStream Blockchain Solutions’ (TBS), while Devmons’ co-founder, Matej Galvanek, will immediately join the new studio as a technology advisor.
Directa Plus PLC (LON:DCTA) has completed the €4.1mln purchase of a 51% stake in Setcar, the Romanian waste management and decontamination services business. In a brief statement, the graphene products specialist said the new operation will be renamed Directa Environmental Solutions.
SkinBioTherapeutics PLC (LON:SBTX) reported cash balances in line with expectations at the end of its financial year and said it has identified five “channels” for the development of its existing and new skin health technology. In the year to 30 June, the AIM-listed company completed its first human cosmetic study, appointed Stuart Ashman as its chief executive and began the discussions that resulted in a first commercial deal earlier this month.
Following on from the feasibility study for its BKM copper project in Indonesia, Asiamet Resources Ltd (LON:ARS) has designed an exploration programme focused on some of the walk-up targets nearby. The walk-up targets have the potential to add significant value by extending mine life beyond the initial nine years that have been modelled. In addition, these targets are expected to add heap-leachable copper resources to those already defined.
i3 Energy PLC (LON:i3E) confirmed that its Liberator Well 13/23c-11 reached target depth and encountered reservoir sands. In a statement, the company said the well encountered the Valhall shale as planned and cut around 220 feet of sand in the Captain reservoir. Quick analysis of the well’s initial findings indicate that, at this location, some 20 feet of the Captain sand with oil indications were found to be above the expected oil water contact point (OWC), at 5,270 feet.
Eurasia Mining PLC (LON:EUA) has hailed a “step change” in its development as it took full control of production at its West Kytlim mine in Russia. In an operations update, the AIM-listed precious metals miner said it was fully financed to begin the 2020 season without having to employ contractors at the site, meaning it will now receive 100% of revenues generated compared to its previous share of between 30-35%.
AfriTin Mining Limited (LON:ATM) has raised £3.8mln through the issue of unsecured and convertible loan notes to tin trader AfriMet Resources. Money raised from the loan will also fund this ramp-up and also tests on the lithium discovery within the pegmatite ore body. Conversion of the notes would give AfriMet a 5.8% stake in AfriTin.
Clinigen Group PLC (LON:CLIN), the global pharmaceutical and services company, held its Annual General Meeting today at which all resolutions were passed. At the meeting, Peter Allen, Clinigen’s chairman reiterated that FY20 is expected to be towards the upper end of the croup’s organic adjusted gross profit guidance of between 5% to 10%.
Learning Technologies Group PLC (LON:LTG), the leading integrated learning and talent software and services provider, announced that Leslie-Ann Reed, a non-executive director of the company has bought and sold 3,475,264 of its ordinary shares at an average price of 118.7p each. Following the transaction, the group added, Reed’s beneficial holding in the company remains unchanged at 6,458,180 ordinary shares, representing approximately 0.966% of the issued share capital.
Mineral & Financial Investments Ltd (LON:MAFL) has seen the value of its assets almost double in the last year – though the shares still trade at a significant discount to NAV.
Strategic Minerals PLC (LON:SML) received £248,155 in research & development (R&D) tax relief from Her Majesty’s Revenue and Customs (HMRC) relating to exploration work at its Redmoor tin and tungsten project in Cornwall.