Metal Tiger PLC (LON:MTR) said it was very pleased with latest drill assays from its joint venture in the Kalahari Copper Belt, Botswana, which have extended the strike length and found significant copper and silver.
Notably, one of the results from T3, or Target 3, showed an intersection, which contained nine times more silver than any previous silver assay reported at the prospect.
In other news, Rosslyn Data Technologies PLC (LON:RDT) said it was “extremely positive” about the future as it unveiled 40% increase in revenues and said it expected to be cashflow break-even this year.
In a trading update, the group said sales for the year to April 30 would be £3.9-£4mln, with the pretax loss narrowing to £2.4mln from £3.5mln. It has £1.8mln in the bank.
Over at LGO Energy Plc's (LON:LGO), its finances have received a boost, with the Trinidad focussed oil company restructuring its debt and simultaneously raising £3.25mln of new funds from investors.
BNP Paribas, the company’s lender, has agreed a new indicative repayment schedule for the outstanding debt. And by offsetting cash set aside as security, it has reduced the debt to US$4.87mln.
Elsewhere, Empresaria Group plc’s (LON:EMR) chairman Tony Martin told investors that the company remained on course to meet market expectations for the 2016.
In a statement ahead of today’s annual general meeting (AGM) he highlighted that the specialist staffing group had made a good start to the year. Net fee income was up compared to this time last year, he said.
Meanwhile, Clinigen Group PLC (LON:CLIN) is continuing to revitalise one of its key products, it has come up with a bag formulation for Foscavir, which is used to treat a group of herpes type viruses.
The bag was developed by Medisol, a specialist at finding and repurposing medical products in this way. Foscavir was previously sold in glass bottles.
Eckoh PLC (LON:ECK) saw sales and margins grow by more than 20% for a third consecutive year, driven by growth in the US for its secure payment software.
The company, which also provides call centre software, signed nine new contracts for its secure payments products during the year to March just ended.
Gold explorer Alecto Minerals PLC (LON:ALO) renewed the permits for its Kerboule project in Burkina Faso for a further three years.
The renewal will significantly strengthen its hand when it comes to finding a partner for the project, said Mark Jones, chief executive.
And finally, Directa Plus, the producer and supplier of graphene-based products, announced its intention yesterday to float on London’s junior market AIM.
The admission will provide Directa Plus with the capital to support its growth strategy and to capitalise on the pipeline of commercial opportunities with existing and potential partners.