Ora Banda Mining Ltd (ASX:OBM) has materially expanded the mineralised footprint of the Riverina Project in Western Australia, gaining 100 metres of strike to the south and a further 100 metres of plunge depth with high-grade gold hits in expansion drilling.
Ora Banda has received 29 results from 46 diamond drilled holes so far, which effectively doubled the depth of known mineralisation from 240 metres to 480 metres, with results of note including:
Sovereign Metals Ltd (ASX:SVM, AIM:SVML) intends to demerge its Malawian graphite holdings, including the Nanzeka, Malingunde, Duwi and Mabuwa projects, through NGX Limited, a wholly-owned subsidiary of the company.
The demerger will create a distinct company for the graphite arm of the business, allowing Sovereign to focus on the development of the Kasiya Rutile Project while shareholders continue to retain exposure to the value and upside of the graphite projects.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has reiterated that it intends to spud its next well in Tanzania in the first quarter of 2023 at the Tai prospect.
Tai is the most advanced of all leads and prospects identified in Tanzania's Rukwa Basin, the company noted, with data analysis indicating a newly defined closure in the Lake Beds that was not previously targeted.
Frontier IP Group PLC (AIM:FIPP, OTC:FGPPF), an investor in technology commercialisation, highlighted that it will today hold a ‘portfolio demo day’ at the Imperial War Museum, Cambridge.
The event showcases investees including graphene opportunities Cambridge Raman Imaging, CamGraPhIC, and Liquid Graphene, computing firms Elute, Celerum, and AquaInSilico, along with Nandi Proteins, The Vaccine Group, InSignals Neurotech plus energy efficiency focussed Pulsiv, Des Solutio which is working on safer and greener alternatives in beauty, pharmaceutical, personal healthcare, and, Alusid which turns industrial waste into premium-quality tiles and architectural surfaces.
Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR) has sold 1.3mln shares in Sandfire Resources raising approximately A$6.93mln at A$5.357 each.
Funds will pay for Metal Tiger to take up A$2mln pre-emptive rights in Sandfire’s entitlement offer at A$4.30 per share and pay down A$3.9mln of it Margin Lending Facility reducing it to approximately A$0.85mln.
The balance of approximately A$1m from the proceeds of the sale will be used for working capital.
Following the disposal and entitlement offer, Metal Tiger will be interested in 1.39% of Sandfire’s enlarged issue share capital (read more).
Allergy Therapeutics PLC (AIM:AGY, OTC:AGYTF) has appointed Anthony Parker and Zheqing (Simon) Shen as non-executive directors with immediate effect, respectively representing shareholders Southern Fox Investments and ZQ Capital Management.
XLMedia PLC (AIM:XLM, OTC:XLMDF) notified the market that chief executive David King on 2 December purchased 100,000 shares, at a price of 17p. Subsequently holding 100,000 shares his interest stood at 0.038% of the company.
OKYO Pharma Ltd (LSE:OKYO, NASDAQ:OKYO) said it has filed in the US for an issue of new American Depositary Shares, though the price range and number have yet to be determined. The secondary offering is subject to market conditions, the company said, with no assurance if or when it may be completed.
Benchmark Holdings PLC (AIM:BMK) announced that it is the last day of the bookbuilding period for its private placement in Norway.