1911 Gold Corp (TSX-V:AUMB, OTCQB:AUMBF, FRA:2KY) said on Thursday that its underground drilling program at the True North project in Manitoba has returned high-grade gold results, confirming continuity in key areas targeted for early production.
Highlighted intercepts from the latest drilling include 9.51 grams per tonne (g/t) gold over 3.5 metres in hole UG16-26-038, with higher-grade intervals of 12.7 g/t over 0.7 metres and 30.7 g/t over 0.6 metres.
Scancell Holdings PLC (AIM:SCLP, OTC:SCNLF, FRA:SCP), th cancer immunotherapy developer, has named David Schilansky as financial adviser and interim chief financial officer as current CFO Sath Nirmalananthan prepares to leave the company.
Nirmalananthan will step down from the board on 24 April to pursue other opportunities, with Schilansky taking on the interim CFO role later in April while a global search for a permanent replacement gets under way.
Lumos Diagnostics Holdings Ltd (ASX:LDX, OTC:LDXHF) is moving into a pivotal phase, with its flagship FebriDx test gaining the regulatory clearance needed to unlock a vastly expanded US market — and potentially reshape how frontline clinicians diagnose respiratory infections.
The company’s latest investor presentation and recent MST Access research highlight a clear inflection point: the granting of a CLIA waiver alongside existing FDA 510(k) clearance. Together, these approvals dramatically broaden where FebriDx can be used, shifting it from a niche diagnostic tool into a scalable, point-of-care solution across primary and urgent care settings.
KGL Resources Ltd (ASX:KGL, OTC:KGLLF) has secured a US$300 million precious metals streaming agreement with Wheaton Precious Metals that will help fund construction and development of the Jervois Copper Project in the Northern Territory. The package includes US$275 million in upfront consideration and a further US$25 million contingent cost overrun facility, with the initial US$32 million early deposit available once customary conditions are met.
The funding is structured around silver and gold by-product streams, leaving KGL’s copper production unencumbered and giving the company full exposure to the copper market. KGL said the deal recognises the value of Jervois’ precious metals credits while avoiding traditional fixed repayment obligations and project financing-style covenants, which should reduce risk during commissioning and ramp-up.
Tamboran Resources Corporation (NYSE:TBN, ASX:TBN, OTC:TBNRL, FRA:O8R) has delivered its strongest flow test result to date from the Beetaloo Basin, with the Shenandoah South 6H (SS-6H) well achieving a record initial production rate and reinforcing the project’s commercial potential ahead of first gas sales.
The company reported an average 20-day initial production (IP20) flow rate of 10.3 million cubic feet per day (MMcf/d) from the Mid Velkerri B Shale, with performance improving to 11.9 MMcf/d when normalised over a 10,000-foot horizontal section.
Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM) says rehabilitation trials at its flagship Kasiya rutile-graphite project in Malawi are delivering strong agricultural and community outcomes, as the company advances critical workstreams underpinning its definitive feasibility study (DFS).
The company reported that its second year of pilot mining, backfilling and rehabilitation trials is nearing completion ahead of the upcoming harvest season, with results continuing to support the integration of mine closure and rehabilitation planning into the broader project development strategy.