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Proactive news snapshot: Savannah Resources, VR Education Holdings, Jubilee Metals Group …

A glance at some of the day's highlights from the Proactive Investors newswire
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Savannah Resources Plc (LON:SAV) has announced another significant increase in the mineral resource estimate at the Mina do Barroso lithium project in northern Portugal. In a statement, the AIM-listed resource development company reported a 52% increase in the JORC 2012-Compliant Indicated and Inferred Mineral Resource Estimate for Mina do Barroso, which now stands at 14 metric tonnes (Mt) at 1.1% of lithium dioxide (Li₂O).

VR Education Holdings Plc (LON:VRE) said its award-winning Apollo 11 virtual reality (VR) educational experience has been selected to be part of the launch collection for Oculus Go, a new standalone VR headset from US company Oculus.

Jubilee Metals Group PLC (LON:JLP) has executed the shareholders' and operating agreement with BMR Group PLC (LON:BMR) for the Kabwe project in Zambia. The two companies had the licence for the project reinstated earlier in the month, with Jubilee to be the operator and developer.

Tissue Regenix Group PLC (LON:TRX) is building on the momentum it is gaining in the US by inking a new agreement with a leading healthcare improvement company. The three-year implantable products contract ensures the company’s flagship product DermaPure, a breakthrough wound treatment technology, maintains access to 3,900 American hospitals and over 150,000 healthcare providers.

PhotonStar LED Group PLC (LON:PSL) has released a new version of its halcyon cloudBMS product as it announced a proposed placing to raise additional working capital. The AIM-listed lighting and building control designer said the latest version of halcyon cloudBMS, Halcyon V2, is characterised by its low cost, retrofit-able wireless monitoring and control platform, halcyonPRO2.

NetScientific PLC (LON:NSCI) said its portfolio company, ProAxsis, will present data on its NEATstik test to the American Thoracic Society (ATS) conference in San Diego.

ClearStar Inc (LON:CLSU) has signed a tie-up with fellow SAP partner Veritas Prime to widen access to its staff vetting software. Veritas Prime supplies services and support to users of SAP’s HR software SuccessFactors and through the partnership will offer its clients ClearStar's mobile background screening solutions.

Plastics Capital Plc (LON:PLA) saw ‘exceptionally strong’ sales over the year just ended even though growth moderated at the end of the year. Films (food wrapping and the like) did particularly well with a record year for Flexipol, a recovery at Palagan and good performance from Synpac.

Empresaria Group plc (LON:EMR) has announced that Spencer Wreford, the international specialist staffing group’s chief operating officer, is stepping up to the role of chief executive officer, replacing current incumbent Joost Kreulen who is to retire. Wreford joined Empresaria’s board in 2010, initially as group finance director, before taking the role of chief operating officer in 2017.

Berkeley Energia Limited (LON:BKY), owner of the Salamanca Uranium Project, has announced its intention to list the business in Spain as well as moving from AIM to the main board in London. The change, according to managing director Paul Atherley, will allow the company to build support amongst European institutional investors whilst it is advancing activities on-site towards production.

Rose Petroleum PLC (LON:ROSE) has raised £1mln of new capital to support its plans in Utah’s Paradox basin. Some £633,920 of the raise is conditional upon shareholder approval, at an general meeting that will now be convened on May 21.

Providence Resources PLC (LON:PVR) has told investors that technical director Dr John O’Sullivan will present a paper regarding Frontier Exploration Licence (FEL) 3/04, in the Atlantic margin, off Ireland’s west coast. FEL 3/04 includes the undrilled Lower Cretaceous "Dunquin South" carbonate exploration prospect, and is adjacent to the area which hosted the previously drilled Dunquin North well.

Highlands Natural Resources Plc (LON:HNR) told investors it has kicked off operations for the fourth well at the East Denver Niobrara shale oil and gas project. The company, in a statement, said it is sequentially drilling out the surface casing on the six new wells that are being funded by True Oil, though the actual lateral drilling work will begin once the initial sequence of work is complete.

IronRidge Resources Limited (LON:IRR) told investors it has landed four exploration licences in Côte d'Ivoire. The four licences - Marahui, Vavoua South, Vavoua North and Adzope - are allocated within the group’s gold and lithium portfolios. They form parts of the Kineta and Vavoua gold projects, and the Adzope lithium area.

Thor Mining PLC (LON:THR) has reported positive findings from an initial surface sampling exploration programme at the Bonya tungsten and copper project in Australia’s Northern Territory. The company said assay results from rock chip samples taken from four of the 13 outcropping tungsten deposits that comprise the project were “encouraging”.

Amur Minerals Corporation (LON:AMC) said its cost estimates for nickel at its planned Kun-Manie nickel copper sulphide project are below nickel industry averages. The AIM-listed miner said based on the previously reported mining potential of 73mln ore tonnes at Kun-Manie, around 6mln tonnes per annum over 12 years and 2 months of production, the Life Of Mine (LOM) C1 cost per pound of nickel is projected to range from US$2.61 to US$2.77.

Alba Minerals Resources PLC (LON:ALBA) has identified four targets at its Inglefield Land licence in Greenland. A review of historical sampling data highlighted anomalous grades of gold, copper, zinc and cobalt in samples from the four areas.

Solo Oil PLC (LON:SOLO), the natural resources investment company focused on acquiring and developing a diverse global non-operated portfolio of strategic oil and gas assets, has announced the appointment of Jon Fitzpatrick as a non-executive director. The group said Fitzpatrick is a qualified corporate lawyer and petroleum economist and has worked for over 20 years in the investment banking and energy sectors.

Liberum Capital has upgraded its rating for Primary Health Properties PLC (LON:PHP) following a recent fund-raising which it believes places the recent FTSE 250 promoted group in a strong position to be a consolidator in the UK health property market. The City broker has upped its stance on PHP to ‘buy’ from ‘hold’ given upside to its unchanged 120p target price and the benefits of the placing.

Pan African Resources plc (LON:PAF) has confirmed that it is to cease the existing underground operations at the Evander gold mine in South Africa. The firm said the move will result in approximately 1,700 employees being retrenched by the end of May 2018, at a cost of approximately R160mln (around £9.26mln) that will be funded from the group’s existing debt facilities.

The Marketing Group PLC (NASDAQ OMX:TMG) said its recent streamlining is starting to bear fruit as it reported underlying earnings (EBITDA) ahead of budget in a trading update for the first quarter. The group saw trading and operating EBITDA for the quarter stand at €621,000 and €402,000 respectively on a turnover of €5.4mln and net revenues of €3.7mln, while sales for the period were in line with expectations.

Directa Plus Plc (LON:DCTA) said Galbiga Immobiliare, a company owned by chief executive Giulio Cesareo, has purchased a further stake in the company. Galbiga bought 29,400 ordinary shares for 51p each, meaning Cesareo is now beneficially interested in more than 3.2 million shares or 7.3% of Directa Plus.


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