Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) today saw a key project milestone the promises to help kick-start field development in Alaska, that’s according to stockbroker WH Ireland.
The company, in a statement this morning, unveiled the latest significant estimate of resources in Alaska, with an independent consultant detailing the Ahpun field specifically.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has unveiled the latest significant estimate of resources in Alaska, with an independent consultant detailing the Ahpun field specifically.
According to a report by consultant Lee Keeling & Associates (LKA) the Alkaid horizon at the Ahpun Field currently has reserves amounting to 5 million barrels of oil reserves and 27 billion cubic feet of natural gas.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF), the developer of advanced driver monitoring technology, has announced an extension of its collaboration with a major North American Tier-1 supplier and original equipment manufacturer (OEM), potentially adding $26 million in incremental lifetime value to its contracts.
Incorporating Seeing Machines' artificial intelligence-powered systems designed to enhance transport safety, the contract will now continue until 2032.
Ariana Resources PLC (AIM:AAU) has forecast gold production for 2024 from its Zenit consortium at 20,000 ounces of gold equivalent, which includes a first contribution from the Tavsan project plus ongoing production from Kiziltepe, both in Turkey.
Kerim Sener, managing director, added: “We are also pleased to report that the average gross revenue per ounce produced during Q1 2024 is US$2,328, attributable to the marked increase in gold and silver prices during the period.
Poolbeg Pharma PLC (AIM:POLB) has been granted a full patent in the United States for its drug candidate POLB 001, aimed at treating and preventing severe immune reactions known as cytokine storms.
Cytokine storms involve an excessive release of immune system proteins that can occur during various illnesses, leading to significant patient complications.
Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) is increasing its graphite bulk sample preparation capacity from an expanded laboratory and testing facility in Lilongwe, Malawi, enabling the preparation of rutile concentrate and graphite circuit feed from the Kasiya Rutile-Graphite Project at a bulk scale.
In the coming weeks, Sovereign will install and commission a spiral concentrator containing industrial-scale MG12 spiral equipment at the laboratory and testing facility. This concentrator will have a spiral throughput capacity of up to 10 tonnes per hour of ore for graphite and rutile sample preparation.