Mining stocks were in focus today and Metal Tiger plc (LON:MTR) shares gained ground as it posted further positive drill results from the Botswana joint venture with partner MOD Resources (ASX:MOD).
Infill drilling at the T3 resource area is being carried out to upgrade inferred resources into the higher confidence indicated category and to assist in the design of the scoping study open pit.
Key results from four recent infill drill holes include 48.3 metres at 1.4% copper and 9 g/t (grammes per tonne) silver from 108 metres
Sula Iron and Gold PLC (LON:SULA) added 25% on the day as it said Roger Murphy has now formally become chief executive and John (Iain) Macpherson a non-exec director
Messrs Murphy and Macpherson are both representatives of private firm Madini Occidental Ltd currently 75% owned by Madini Minerals, which holds around 26.16% of Sula.
As revealed earlier this month, Sula's Founder Nick Warrell is now the chief operating officer
In oil and gas today, Tower Resources PLC (LON:TRP) unveiled a raft of management changes as part of its cost cutting, including the stepping down of chief executive Graeme Thomson with effect from October 31.
Thomson will continue as a non-executive director, however. Jeremy Asher becomes chairman and chief executive from November 1.
Directors Philip Swatman and Philip Frank will also leave the board with effect from December 31 this year, the oiler said.
In results news today, VinaCapital Vietnam Opportunity Fund (LON:VOF) said 2016 had marked a return to form for the group as it posted an increase in net asset value (NAV) for the year to June 30 of 15.3%.
Despite the good growth, the share price discount related to that NAV widened to 25.2% from 23.5% a year ago.
The firm offers exposure to Vietnam's evolution through its investment across listed equities, companies in the process of privatisation, private equity and real estate.
Total net assets for the year came in at US$786.54mln against US$718.66 at the same time in 2015, while the NAV per share was US3.77 (2015:US$3.27)
On March 30, its shares were cancelled from trading on the AIM and admitted to the main market in London with a premium listing.