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Proactive news snapshot: Eurasia Mining, Mosman Oil & Gas, Instem …

Published: 15:30 24 Sep 2018 BST

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Eurasia Mining plc (LON:EUA) saw its shares jump in early trading Monday as its subsidiary and mine contractor agreed to progress with a second open pit at its West Kytlim mine in Russia while the project itself continued to exceed expectations.

Mosman Oil & Gas Ltd (LON:MSMN) has signed a new strategic alliance agreement with Baja Oil and Gas LLC, and, announced the acquisition of stakes in two new opportunities. It builds on the existing relationship between Mosman and Baja, the operator of the successful Stanley-1 well.

Instem Plc (LON:INS), the developer of software used by the life sciences industry to collate and transmit data, swung to a profit in the first half of the year.

Landore Resources Limited (LON:LND) has declared its summer drilling campaign at its Junior Lake property in Ontario a success after it successfully identified a second significant gold mineralised zone 400 metres along strike to the west of the existing BAM gold deposit.

Anglo African Oil & Gas plc (LON:AAOG) told investors it has completed ahead of schedule the construction of its extended drill pad at the Tilapia field, in the Republic of the Congo. It will be used to drill the TLP-103C well, and, the rig is expected to be in place by next week. Drilling is anticipated to start in the week starting October 8.

Following the £9mln investment in Ceres Power Holdings PLC (LON:CWR) by Bosch, Wiechai Power has pumped in a further £1mln to maintain its stake in Ceres at 10%.

OptiBiotix Health plc (LON:OPTI) has appointed City veteran Adam Reynolds to chair its spin-out business, ProBiotix Health ahead of a separate stock market listing. The new company will be home to cholesterol and blood pressure reducing bacteria strain, LPLDL.

MaxCyte Inc (LON:MXCT) expects to dose the first patients in its first-ever clinical trial before the end of this year.

With the SIMEC group backing it, sustainable energy projects developer SIMEC Atlantis Energy Limited (LON:SAE) said in its interim results statement it is positioned for growth.

Minds + Machines Group Limited (LON:MMX) is in “advanced discussions” with the world’s leading Ethereum wallet to integrate its ‘.luxe’ domain into the network.

Strategic Minerals Plc (LON:SML) shares rose in early trading Monday after it identified three additional nickel sulphide prospects at its Hanns Camp prospect in Western Australia.

India-based power utility OPG Ventures PLC (LON:OPG) has written off its Gujarat power station after a series of ongoing disputes. Efforts in future will be directed toward the Chennai power plant and OPG’s growing solar capacity. Profits here for the year to March were £6.2mln while revenues rose by 3% to £140mln. The Gujarat write-down, however, meant a loss for the year of £100.9mln (£23.1mln profit).

Mining royalty specialist Anglo-Pacific Group PLC (LON:APF) has doubled its loan facility to US$60mln to give it more liquidity as it looks for acquisitions. Already this year, Anglo Pacific has acquired copper and iron ore royalty streams to add to its existing coal, vanadium and Uranium interests, but is keen to add more.

Vanadium producer Bushveld Minerals PLC (LON:BMN) has settled the industrial action that was disrupting production in South Africa. AMCU members at subsidiary Vametco will receive around R15,000 (£750) each with a second payment to follow after the December year-end.

Thor Mining PLC (LON:THR) has received ministerial approval for its acquisition of interests in the tungsten, copper, and vanadium hosted Bonya tenements next to its Molyhil project in the Northern Territory of Australia.

Ironridge Resources Limited (LON:IRR) has identified a sixth “high-grade, coherent gold anomaly” at its Dorothe prospect in Chad, central Africa.

Block Energy Plc (LON:BLOE) has hired a rig deal for a multi-well programme planned across its asset base in Georgia. The arrangement with Georgian firm JSC Norio Oil Company provides unlimited and exclusive access to two A50 workover rigs and a ZJ40 drilling rig, along with access to a variety of other drilling and workover related equipment.

Cello Health plc (LON:CLL), the healthcare-focused advisory group, announced that its FTSE sector re-classification from the Media sector to the Healthcare Equipment and Services sector became effective from today.

Braveheart Investment Group PLC (LON:BRH) said it now holds, in aggregate, 56.5% of the currently issued share capital of Paraytec Limited following the conversion of £89,655 of loan notes into 20,582 Paraytec A ordinary shares. The AIM-listed fund management and strategic investor group said that at the same time as the conversion of its loan notes, other third-party holders of £16,400 of loan notes also converted such loan notes into A ordinary shares.

Providence Resources PLC (LON:PVR) said it has been informed by Pageant Holdings Ltd that, with effect from 21 September 2018, it now holds 71,852,410 ordinary shares in the oil explorer representing 12.02% of the issued ordinary share capital.

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