Obtala Resources (LON:OBT) is seeking an independent stock market listing for its timber operations that it hopes will highlight the hidden value of this particular asset.
The division, one of the largest concession holders in northern Mozambique, currently sits within a portfolio spanning farming, food and processing.
Elsewhere, DekelOil (LON:DKL) is considering expanding its geographic footprint with a deal to develop a 10,000 acre palm oil operation on a brownfield site near the city of Bibiani, in the western region of Ghana.
The company already has two projects – Ayenouan, which is fully operational, and the 24,000-hectare Guitry property. Both are in Cote d'Ivoire.
They were two of the biggest news stories in the small cap space, with a number of others also reporting, including Ebiquity (LON:EBQ), which promoted the chief executive of the its UK business to the board as an executive director.
Morag Blazey, 55, has been in the role for two years and has been promoted as part of the management succession planning process.
It follows the recently announced departure of group CEO Michael Greenlees, with Michael Karg, Ebiquity's new Group CEO, starting in January 2016.
In other board-related news, Mirada (LON:MIRA) announced Rafael Martin Sanz is leaving the board as a non-executive director to pursue personal interests with immediate effect.
In mining news, Royal Road Minerals (CVE:RYR) has raised C$390,000 through a private placing to start exploration at its recently acquired La Golondrina gold project in Colombia.
Orosur Mining (LON:OMI TSX:OMI) has upped its cash holdings despite lower production and gold price hitting revenues.
The Uruguay-based gold miner produced 12,471oz in the three months to August compared to 13,684oz a year ago.
Kibo Mining (LON:KIBO) has finished work on the first phase of its definitive mining study (DFS) for the coal mine at its integrated power project in Tanzania.
Meanwhile, mining royalty specialist Anglo Pacific (LON:APF) expects sales this year from Narrabri coal mine in Australia to exceed its run of mine production.
Xtract Resources (LON:XTR) is set to complete the acquisition of the Manica gold deposit in Mozambique, after shareholders in seller Auroch approved its disposal.
In other news, component distributor Acal (LON:ACL) saw strong sales and earnings growth in its first half but noted the possible impact of a global economic slowdown.
Finally, Nostra Terra (LON:NTOG) and Independent Resources (LON:IRG) have completed their a deal to acquire a 50% non-operated stake in producing assets in Egypt.