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Proactive news snapshot: African Battery Metals, Papua Mining, Echo Energy …

A glance at some of the day's highlights from the Proactive Investors newswire
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African Battery Metals PLC (LON:ABM) is continuing with exploration at the Kisinka project in the Democratic Republic of Congo. This project is situated in a region that accounts for a significant portion of the world's cobalt output. An extensive soil sampling programme is underway.

Papua Mining PLC (LON:PML) has returned high grade gold results from rock sampling on its Double Event prospect in Queensland. Combined with structural mapping, these results give clearer idea of the geology of the prospect and clear the way for Papua to move on to a programme of reverse circulation drilling.

Echo Energy Plc (LON:ECHO) has announced the appointment of Geoff Probert as its new chief operating officer and updated investors on activities in Bolivia, where desktop work continues to advance the group’s exploration portfolio. The explorer has completed a package of seismic reprocessing, for around 250 square kilometres, and it noted that more data will be incorporated into its studies later this year.

Seeing Machines Limited (LON:SEE) saw revenues surge in the first half of a financial year that is expected to be weighted heavily to the second half. Revenue in the six months to the end of 2017 rose 267% to a record level of A$14.65mln from A$4.00mln the year before.

Kromek Group PLC (LON:KMK) has been awarded an extension of its high-volume production contract with the Defense Advanced Research Projects Agency (DARPA), an agency of the US Department of Defense. The AIM-listed radiation monitoring company said the extension, worth US$1.6mln, will be delivered over an 18 month period and will involve additional enhancements to the company’s D3S equipment already deployed at DARPA.

Gfinity Plc(LON:GFIN) has announced a major agreement with Facebook Inc (NASDAQ:FB) for the exclusive global online streaming rights for the esports entertainment group's Gfinity Elite Series, excluding Australia, until the end of 2018.

Ariana Resources plc (LON:AAU) expects to produce 20,000 ounces of gold from its Kiziltepe gold mine in Turkey during 2018. This exceeds the number envisaged in the feasibility study by around 21%.

Metal Tiger PLC (LON:MTR) told investors that it has increased its stake in associate MOD Resources Ltd (ASX:MOD). It confirmed that it had invested A$705,000, taking up 15mln new shares in a recent share placing.

Greatland Gold plc (LON:GGP) has commenced Mobile Metal Ion surveys at the Ernest Giles project in Australia.  Greatland expects to announce results from the MMI surveys prior to the commencement of drilling. The current exploration programme at Ernest Giles will focus on three high priority targets at the Meadows, Wishbone and Empress areas. Big Pic in January.

Metminco Limited (LON:MNC) (ASX:MNC), which announced on 2 March 2018 that is seeking to raise up to $5.3m through a renounceable rights issue and placement, noted that included in that announcement was an indicative timetable subject to ASX approval. The group added that it assumed that the prospectus would be lodged last Friday 9th March 2018 and the record date would be 15th March 2018. But, the firm added, it should be noted the prospectus has not been lodged but it is expected to be lodged this week and therefore the timetable is to be revised and confirmed.


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