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Proactive news headlines; Echo Energy, Metal Tiger, Sirius Minerals ...

A glance at some of the day's highlights from the Proactive Investors newswire
Your daily round-up from the world of Proactive

Echo Energy Plc (LON:ECHO) this morning told investors that the fourth and final well in the current Argentina drilling campaign has encountered a ‘notable gas column’. The well, referred to as CSo-2001(d), is located within the Fracción D project area. It was drilled down to a depth of 1,511 metres and it encountered the targeted Upper Jurassic Tobifera formation, with observations of extensive gas and light hydrocarbon shows.

Metal Tiger PLC (LON:MTR) has logged significant visible copper sulphides in core from the latest diamond drill hole testing the A4 Dome on the company’s Botswana joint venture with MOD Resources (ASX:MOD). The mineralisation was intersected in veins over a 67 metre downhole interval from 232 metres to 299 metres downhole depth.

Sirius Minerals PLC (LON:SXX) has unveiled a deal that will allow it to access port and ship loading services at the existing Redcar Bulk Terminal. It means the company’s Yorkshire fertiliser mine development project will now see reduced construction risk and lower capital requirements, and, significantly, it is expected to be beneficial for the project’s Stage 2 financing.

Kibo Mining PLC (LON:KIBO) and Sanderson Capital Partners Limited have settled the outstanding balance of £1.1mln on the forward payment facility provided by Sanderson on 20 December 2016. Accordingly, Sanderson will be issued 21,239,375 new ordinary Kibo shares at a price of 5.25p each, a 13% premium to the closing price of 4.65p on Friday 6 July 2018.

Directa Plus Plc's (LON:DCTA) said Oakley and Bioracer have launched a cycling jersey using the company's G+ graphene. The G+ Graphene Aero Jersey was unveiled at the Eurobike 2018 trade show in Friedrichshafen, Germany, on Monday.

The English Patient by Michael Ondaatje, and published by the Bloomsbury Publishing PLC (LON:BMY) has won the prestigious Golden Man Booker Prize. The Golden Man Booker Prize is a special one-off award to commemorate the Man Booker Prize's 50th anniversary and was awarded to the book deemed to be the best work of fiction from the last five decades of the prize.

Southend Airport owner Stobart PLC (LON:STOB) is looking at ways to diversify its shareholder base after seeing off a boardroom rebellion. Chairman Iain Ferguson who narrowly his kept his job at Friday’s AGM said talks have already started with potential investors.

Amryt Pharma PLC’s (LON:AMYT) Lojuxta Homozygous Familial Hypercholesterolaemia (HoFH) treatment is to be made available to NHS patients in England. HoFH is a rare life-threatening disorder that causes abnormally high levels of low density lipoprotein (LDL) cholesterol.

Dr Jeremy Lea is the new chief operating officer (COO) of WideCells Group PLC (LON:WDC), replacing Lopes Gill, who is stepping down for personal reasons. Dr Lea will be responsible for leading the group's next phase of growth as it builds revenues and drives the global uptake of its innovative portfolio of stem cell services, including: CellPlan, the world's first stem cell healthcare insurance plan; WideCells, which is focused on stem cell storage services, and Wideacademy, the group's education and training division.

Greka Drilling Ltd. (LON:GKD) shares resumed trading on London’s AIM market this morning following the publication of its 2017 financial results after the market’s close on Friday. The results themselves revealed annual revenue of US$11.6mln, up from US$7.2mln in the preceding year. Losses before tax narrowed significantly to US$1.4mln, from US$9.6mln in 2016.

Berkeley Energia LTD (LON:BKY) has announced that the capital cost review initiated by the company has identified a number of opportunities to reduce the initial capital expenditure  at the Salamanca mine, required to bring it into production. The company said potential saving of up to €9mln arise from optimisation of plant capacities, outsourcing of peripheral infrastructure and reducing initial throughput for production from the Retortillo deposit.

Tharisa PLC (LON:THS) produced a record 39,500 ounces of platinum group metals during the three months to June 2018, up 3.4% on the previous quarter. Production of chrome concentrate also hit a record, at 376,300 tonnes, up 2.6% on the quarter.

Erris Resources plc (LON:ERIS),  the European focused mineral exploration company with a portfolio of zinc and base metals projects in Ireland and gold projects in Sweden, announced that its CEO,, Merlin Marr-Johnson, will be presenting at an evening investor event hosted by Turner Pope Investments Ltd.  The event will be held on Monday 16 July in Central London and will start at 5.30pm.

Arc Minerals Limited (LON:ARCM) announced that its executive chairman Nick von Schirnding will be presenting at the Mining Report Zambian Mining Investment Conference on 10 July 2018 at the Le Meridien Hotel, Piccadilly, London. Arc Minerals also announced that due to the semi-final of the World Cup starting at 7pm the company's investor seminar due to be held in London on Wednesday 11 July 2018 at Prince Philip House, 3 Carlton House Terrace, St James', SW1Y 5DG will now begin 5pm.

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