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Market: FTSE 100
Sector: General Mining
EPIC: UKX
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COMPANY SNAPSHOT including Dragon Oil, ANGLE Plc, Botswana Diamonds, VANE Minerals, GGG Resources and Sirius Minerals

16th Dec 2011, 7:58 am ANGLE (LON:AGL) today said that its medical diagnostics business Parsortix achieved another important milestone - by confirming that its cell separation device can capture cultured lung cancer cells

Dragon Oil (LON: DGO) announced this morning the completion of the zheitune (Lam) 28/164 development well, which was drilled to a depth of 1,865 metres.

Dr Abdul Jaleel Al Khalifa, the chief executive, said: "Having successfully put on stream the Dzheitune (Lam) 28/164 well, we reached the production rate of 70,000 barrels of oil per day. This solid progress gives us further comfort in achieving the target gross production growth of above 25 per cent for 2011."

Elsewhere, ANGLE (LON:AGL) revealed that its medical diagnostics business Parsortix achieved another important milestone -  by confirming that its cell separation device can capture cultured lung cancer cells.

"This new validation is a further important step towards demonstrating that the Parsortix separation technology works well with any solid tumour cancers without the need for modification or dependence on cancer specific antibodies, unlike existing antibody affinity based technology," the firm said.

The company's founder and chief executive, Andrew Newland, said it substantiated the "potential for the Parsortix separation technology to become a market-leading product, which is simple, effective and affordable".

Botswana Diamonds (LON:BOT), which was admitted to AIM in February, released its final results for the period from September 22 to June 30 today, in which chairman John Teeling said: "The dynamics of the diamond business are improving with demand growing at over 6 per cent a year and supply flat.

"We are in the best locations to find new mines. We will apply new technology on our existing licences and new ground in Botswana while a sampling programme will commence in early 2012 on our palaeoplacers discovery in Cameroon."

The pre-tax loss for the period stood at £696,472.

The firm also revealed today it was in advanced negotiations to partner with a group that has “new technologies and approaches” to finding diamonds.

Meanwhile, VANE Minerals unveiled promising drilling results from its Rose uranium project. One hole showed an intercept of 1445.5 feet to 1458 feet averaging 1.82 per cent equivalent uranium.

Chief executive David Newton said: "These are promising drilling results, particularly when coupled with the results of the previous drilling on the project.

"Further drilling will continue at Rose with the aim of establishing an NI 43-101 compliant resource, which will add to our existing resource of 1.118m pounds at our Wate project."

In other news, GGG Resources (LON:GGG, ASX:GGB) announced further details of the proposed merger to take place between the company and Auzex Resources (ASX:AZX).

It said the first step involved will be the firm's acquisition by Bullabulling Gold Limited. Then GGG shares trading on AIM and DIs on the ASX will be cancelled and BBG shares will be admitted to trading on the ASX and DIs representing shares in BBG will be admitted to AIM.

GGG today posted a Scheme Circular setting out full details of the proposed change of capital structure.

Potash firm Sirius Minerals (LON:SXX) announced today the approval by the North York Moors National Park Authority of three additional planning applications for drill sites at its York potash project and to provide an update on drilling at the SM2 hole.

Managing director Chris Fraser said the additional sites would help the firm further define the extent of the world class resource in the area and that Sirius continued to progress the drilling phase as quickly as possible.

Elswewhere, Nyota Minerals (LON: NYO) expects to publish a new JORC-compliant resource estimate for its Tulu Kapi gold prospect in the first quarter of 2012.

Chief executive Richard Chase said: “The emphasis has clearly been on the Tulu Kapi DFS and resource estimation and upgrade, which remains on track in spite of the aggressive timetable that we are targeting. Good progress has also been made with exploration of the northern blocks.”

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