Aminex plc (LON:AEX) and Solo Oil PLC (LON:SOLO) shares have advanced thanks to a major upgrade to the gas resources at the Ntorya project in Tanzania, as part of an independent competent persons report produced by RPS Energy. It follows the Ntorya-2 appraisal well success and an assessment of well testing. The project’s gas-initially-in-place increased to 1.87 trillion cubic feet, which is 44% more than Aminex’s previous in-house estimates. Compared to the prior independent assessment, the new number represents a 12-fold increase.
Kibo Mining PLC (LON:KIBO) shares gained on news that, following a month of close interaction and co-operation with the Tanzania Electric Supply Company and the Ministry of Energy, at both departmental as well as ministerial level, the company’s CEO and COO arrived in Dar es Salaam on 02 February 2018 to conclude final formalities related to the signing of the MCPP Memorandum of Understanding.
Glenover Phosphate, a subsidiary of Galileo Resources PLC (LON:GLR), has signed heads of agreement for an off-take deal with a major industry player. Glenover will supply raw phosphate rock in the form of concentrate from its project in Limpopo Province, South Africa. Big Pic in December.
Secure payments and customer contact solutions group Eckoh PLC (LON:ECK) has secured six “sizeable” contract wins over the past two months or so. One of the deals is with one of the UK’s largest mobile network providers while the rest are across the payments, insurance and healthcare sectors. Big Pic in November.
Junior explorer Greatland Gold plc (LON:GGP) is to kick off a new exploration campaign at its Ernest Giles gold project in Western Australia. The plan is to drill three high priority targets at the Meadows, Wishbone and Empress areas, although before that, mobile metal ion (MMI) surveys will be carried out.
Landore Resources Ltd (LON:LND) has boosted total nickel equivalent resources at its B4-7 deposit in Canada by 43%. Total metal contained now rings in at 46,661 tonnes, with the mineralisation still open along strike and at depth.
Active Energy Group PLC (LON:AEG) this morning told investors that its first commercial CoalSwitch plant is set to become fully operational, and it will be officially opened this week. The plant, in Utah, United States, will produce the group’s biomass based fuel to client specifications and initial production is supported by offtake contract.
Richland Resources Ltd (LON:RLD) has appointed Anthony Brooke as the company’s new chief executive with immediate effect. Bernard Olivier now leaves his position and leaves the company to pursue his other interests. Brooke was previously vice president of marketing and sales for Richland's wholly owned subsidiary, Capricorn Sapphire. He is described by the company as a “leading expert in the gemstone industry”
Obtala Limited (LON:OBT) has topped up its recent £4.5mln fundraise by an additional £0.91mln. The Africa-focused agriculture and forestry group carried out a subscription, institutional placing and a retail share offer at 12.5p each. Any shares issued have a warrant attached that converts at 20p during the next two years.
UK biopharma Faron Pharmaceuticals Oy (LON:FARN) has established a second manufacturing site for its lead drug candidate, Traumakine. A facility in Ilsensburg, Germany – run by contract manufacturing organisation, Lyocontract – will complement the primary site currently operated by Rentschler Biopharma.
Horizonte Minerals Plc (LON:HZM) has completed a trial excavation programme at its Araguaia nickel project in Brazil. The programme included mining 27,000 tonnes of ore, analysis of the ore and additional drilling. The results will be incorporated into the company's ongoing feasibility study.
Bezant Resources plc (LON:BZT) has announced it will raise £600,000 via a sale of new equity, securing working capital and bringing in new investors including AIM-mining deal maker Colin Bird. Some 133mln new shares are being sold in an oversubscribed placing arranged by Peterhouse CorporateFinance. The new shares are priced at 0.45p and they will be issued in two tranches, with the first anticipated later this week and the second is subject to shareholder approval.
Stobart Group Limited (LON:STOB), the infrastructure and support services group, said it was notified that, on 2 February 2018, Andrew Tinkler, an executive director of the company, acquired 250,000 ordinary shares at a price of 247.78p per share. Following the above purchase, the group added, Tinkler holds a beneficial interest in 27,226,811 ordinary shares, representing approximately 7.68% of the company's issued share capital.
AdEPT Telecom plc (LON:ADT) said it was notified today that on 18 January 2018 Christopher Kingsman, a non-executive director, had increased his shareholding in the company following the purchase of 5,000 ordinary shares by Greenwood Investments Limited at a price of 285p each. Following the purchase, the group added, Kingsman has a total beneficial interest in 4,015,000 ordinary shares held via Greenwood Investments, representing approximately 16.9% of the company’s current issued share capital.
Metal Tiger PLC (LON:MTR) announced that Charles Hall, the firm’s non-executive chairman has purchased 1,000,000 shares at an average price of 2.077p per share. Following these on market purchase, the group said Hall is interested in 30,858,406 shares in Metal Tiger, representing 2.82% of the company. Metal Tiger also announced that its latest corporate presentation is available to view on the company's website.
KEFI Minerals (LON:KEFI) announced that it has recently assembled and submitted applications for over 1000km2 of strategically selected copper and gold tenements near the company's Tulu Kapi development project in Ethiopia (via its wholly-owned subsidiary KEFI Minerals Ethiopia) and also a similar-sized area near the company's Hawiah exploration project in Saudi Arabia (via its 40%-owned Joint Venture with ARTAR). KEFI also said it has been invited to present at the Investing in African Mining Indaba Conference base metals session, being held in Cape Town this week, as well as giving its corporate presentation.
Harvest Minerals Limited (LON:HMI) announced that it has approved an incentivisation scheme for its executive directors and senior management. The AIM listed fertiliser development company said the performance shares – 2mln each for executive chairman, Brian McMaster and executive director Luiz Azevedo, plus 1mln each for chief operating officer, Mark Heyhoe and project manager, Luis Clerot - will be issued for nil consideration in four equal tranches subject to a number of conditions.
Harvest Minerals also announced that a video providing an overview of its Arapua Fertiliser Project, Brasil, and the work currently being conducted on site is now available to view on the company's website.
Cadence Minerals (LON:KDNC) (OTC: KDNCY) has announced the appointment of Beaufort Securities Limited as the company's joint broker with immediate effect.