The administrators of Redx Pharma Plc (LON:REDX) have applied to the High Court for an order that will allow the biotech and its subsidiaries to be rescued as going concerns. AIM-listed Redx has been in administration since May after a £2mln loan from Liverpool City Council made to Redx Oncology fell due.
Gold recovery specialist Goldplat PLC (LON:GDP) updated on positive exploration progress from Ashanti Gold Corp on the former's Anumso gold project in Ghana. Ashanti has the right to earn up to 75% of Goldplat's interest in the site by spending US$3mln on exploration.
Anglo Asian Mining Plc (LON:AAZ) has announced a 19% rise in gold production thanks to the opening of mining at the Ugur open pit in September. Gold production amounted to 14,468 ounces for the third quarter, ended September 30, while copper production totalled 550 tonnes and silver totalled 40,288 ounces.
Greatland Gold plc (LON:GGP) said it was excited to have kicked off exploration at the Paterson project in Western Australia. The project covers more than 360sq km in the Paterson region and includes the Havieron licence and the Paterson Range East licence.
Metal Tiger PLC (LON:MTR) shares traded positively on Friday after the group announced a new investment, into gold firm Kingsgate Consolidated Limited (ASX:KCN). It has purchased 1.85mln shares for a total consideration of £354,544, giving it 4.99% of the Australia-listed company. The deal was covered by cash generated via asset disposals in its trading division.
Cadence Minerals Plc (LON:KDNC) has highlighted another boon for its investment in Macarthur Minerals Limited (TSX-V: MMS) which is able to take forward exploration acreage in the Pilbara region of Western Australia. In a statement, Cadence noted that the Western Australian Minister for Mines and Petroleum will not refuse any of the applications for exploration licences made by Macarthur Lithium Pty Ltd in the Pilbara.