Mariana Resources (LON:MARL) released a maiden mineral resource estimate for the Hot Maden gold-copper project in eastern Turkey.
It was the biggest news on a busy day in the small cap world.
Hot Maden is estimated to contain 4.71mln tonnes of ore grading 10 grams per tonne and 2% copper, for a gold equivalent grade of 13.4 grams and a total indicated resource of just over 2mln ounces.
In addition, there’s a further 3.65mln tonnes at 5.5 grams gold and 1.8% copper for a total of just under 1mln inferred ounces of gold equivalent.
Elsewhere, Toronto-listed Royal Road Minerals (CVE:RYR), formerly Tigris Resources, is planning three diamond drill holes at the Gömeç gold project in Turkey to test for deeper, higher grade targets.
Reverse circulation holes have now been completed at the site and latest results included 52 metres at 1 g/t gold and 10.8 g/t silver in one hole, it revealed.
Meanwhile, shares in African Potash (LON:AFPO) have doubled this year and were on the move again on Tuesday Morning, prompting a statement from the company.
The sub-Saharan potash assets owner reminded the market it is negotiating with third parties to secure sale orders in relation to the trading memorandum of understanding (MOU) signed with the Common market for Eastern and Southern Africa and the Mask Africa Crowd Farm Fund Limited.
Away from mining, IGas Energy (LON:IGAS) and Egdon Resources (LON:EDR) are among the first oil and gas firms to be offered new acreage in Britain as part of the government’s 28th licensing round.
The Oil & Gas Authority, the UK’s newly created regulator, today revealed that 27 new licence blocks have been offered to companies in the initial tranche of the round.
Similarly, MX Oil (LON:MXO) says it is moving closer to securing assets onshore Mexico as the country’s oil and gas industry is being opened up.
The company said it has now paid a bidding inscription ahead of the bidding round.
From 17:00 (CET) investors in US Oil & Gas (USOP) will no longer be able to trade the company’s shares due to the GXG Market’s relinquishment of its Danish market operator licenses.
All steps are now being taken to list on another regulated exchange, USOP said in a statement.
Elsewhere, ITM Power (LON:ITM) said a power-to-gas project with RWE officially got underway in Germany today.
The plant in Ibbenbüren, North Rhine Westphalia, is part of a new system which links together the supply of local electricity, natural gas and district heating.
To pharma – and US sales of Akers Biosciences’ (LON:AKR) flagship test for heparin-induced thrombocytopenia (HIT) shot up in the first half of 2015.
Sales in the US of the diagnostic device for HIT rose 44% from a year earlier to US$898,960, and the company expects the sales trend to accelerate.
In other news, H&T Group (LON:HAT) has been in the pawnbroking business for more than a century and is winning the battle against Johnny-come-lately competitors, interim results show.
The company, which grew profits on reduced revenue, said that while the trading environment remains challenging, “the competitive landscape is now easing with the continued closure of competitors' stores.”
Meanwhile, Seeing Machines (LON:SEE) revealed it was in advanced talks to extend its tie-up with Caterpillar, the industrial machinery behemoth.
The negotiations could see Caterpillar take over responsibility for manufacturing, marketing and sales for Seeing Machines’ existing DSS fatigue monitoring system for rugged off-road vehicles.
Finally, Palm oil producer DekelOil (LON:DKL) signed up to a Word Bank-backed programme will subsidise the cost of the plants its sells to smallholders.
The AIM-listed group said it is a founder member Projet d'Appui au Secteur de l'Agriculture de Côte d'Ivoire (PASC), set up to support and improve the industry in the Ivory Coast.