Vast Resources PLC (LON:VAST) has been granted two new prospecting licences in Romania. The Piciorul Zimbrului and Magura Neagra licences are both located in the Bistrita-Nasaud county of Romania, near the towns of Zagra Talisua and Zagra Telciu respectively.
Tavistock Investments PLC (LON:TAVI), the investment management firm that has established its own distribution channels, said the business performed solidly in what were turbulent times on the financial markets.
Asiamet Resources Limited (LON:ARS) has successfully raised £2mln from the private placing it announced a couple of weeks ago. The cash will be used to progress the feasibility study at the company’s flagship Beruang Kanan Main copper project in Indonesia.
Specialist engineer Hayward Tyler Group PLC (LON:HAYT) said its Peter Brotherhood subsidiary has delivered a steam turbine generator to an S-Oil refinery in South Korea.
US Oil and Gas PLC has told investors that the recent recovery in oil prices has left it “well-positioned” to kick on in the New Year. Earlier this year the oil price dipped below US$30 a barrel, but it has since improved and has remained fairly stable at more than US$50 over the past couple of months.
Patagonia Gold plc (LON:PGD) has more than doubled its estimate of the amount of gold and silver it expects to produce from the Cap-Oeste pit in Argentina.Total gold equivalent to be mined is now forecast at 186,800oz against 82,000oz, while the pit's mine life is now put at three years from two previously.
Commercial aircraft leasing company Avation PLC (LON:AVAP) has purchased and delivered a further factory-new Airbus A321-200 aircraft to Vietjet. The recently delivered aircraft, direct from the Airbus production facility in Hamburg, Germany, completes the current series of aircraft contracted by the company with Vietjet.
Victoria Oil & Gas plc (LON:VOG) said it had successfully completed phased II and III of a gas pipeline extension into industrial area of Doula, Cameroon’s second city.
URU Metals Ltd (LON:URU) has told investors that it is expecting the recovery in nickel prices to continue into the New Year. The spot nickel price had been on a downward trend since the end of 2014 but, like other metals, it has rallied so far in 2016 to stand at around US$4,850/lb.
Mosman Oil & Gas (LON:MSMN) says it will continue to look for acquisitions despite being thwarted in two deals over the past year. It cancelled the first deal in January and in November lost out at Pine Mills in Texas to a last minute offer from rival AIM group Nostra Terra (LON:NTOG).
Beaufort Securities believes there are hopes of “bonanza returns” in the next 12 months from cancer treatment developer Advanced Oncotherapy PLC (LON:AVO).