Range Resources Ltd (LON:RRL) told investors it has now spudded its next development well in an ongoing drill programme in Trinidad.
The latest well, QUN 158R, is the fourth development well in the current programme, and it is expected to take around three wells to drill.
Elsewhere, South Africa-based chrome and platinum miner Tharisa PLC (LON:THS) will post more than doubled earnings for the year just ended.
Basic earnings per share (EPS) to September will be at least US$5c per share while headline earnings (HEPS) will be US$6c, in both cases increases of more than 150% relative to US$2c earned last year.
At least, 10% of the net profit after tax will be distributed as dividends, said the miner.
Work to upgrade the resource at the Sonora Lithium Project in Mexico is well underway, according to the deposit’s owner, AIM and TSX-Venture-listed Bacanora Minerals Ltd (LON:BCN, CVE:BCN).
A near 4,000-metre infill drilling programme has been completed that will be crucial in this regard and 1,870 samples have been collected. The results thus far have been encouraging.
Elsewhere, pharmaceuticals and services group Clinigen Group PLC (LON:CLIN) has told investors that it is on track to meet expectations this year.
Chairman Peter Allen said: “The year to 30 June 2016 marked the completion of our transformation into the global market leader in the management and supply of both unlicensed and clinical trial medicines.
“Trading for the current financial year remains in line with the board's expectations.”
And in other news, AIM-listed gold explorer GoldStone Resources Limited (LON:GRL) is to start drilling deeper at the Homase/Akrokerri project in Ghana.
Shallow drilling of an area in the AK02 prospect and identified by an augur programme last year returned a 14 metre intersection with a grade of 1.18 g/t gold and 8 metres at 1.88 g/t.