Oracle Power PLC (LON:ORCP) has ticked off another requirement for the Thar thermal power station in Pakistan. The Private Power and Infrastructure Board has approved the issue of a Notice to Proceed (NOP) and Letter of Intent (LOI) to the company's subsidiary Thar Electricity (Private) Limited (TEPL). Big Pic in November.
Anglo Asian Mining Plc (LON:AAZ) has refinanced the majority of its existing debts with a new US$15 million facility at 7%. Anglo Asian’s debts are well supported by cash flow, and the announcement comes not long after the company projected that it would produce between 78,000 and 84,000 gold equivalent ounces from its mines in Azerbaijan this year.
88 Energy Ltd (LON:88E) has secured “a level of certainty” that it will receive A$6.75mln of additional capital funding in March, after entering into an underwriting agreement related to listed share options. There are around 340mln listed options which are exercisable at 2 Australian cents before a deadline of March 2 (current ASX price: 2.9 Australian cents).
Thor Mining PLC (LON:THR) has revealed that the Kapunda project in South Australia contains an inferred resource of 119,000 tonnes of copper contained. Thor is earning in to an effective 45% of Kapunda. The plan is to extract the copper using in-situ leaching.
Allergy Therapeutics plc (LON:AGY) said results of its phase II clinical trial are due to be published ahead of expectations early in the second-half following the completion of patient recruitment. The study of its PQ Grass immunotherapy, an aluminium-free, ultra-short course hay fever treatment, is designed to evaluate dose response and safety.
Wishbone Gold PLC (LON:WSBN) has confirmed that a new Thai entity has now been set up, and highlighted that the first successful delivery of gold has now taken place. It currently owns 49% of the newly created Asian Commerce and Commodities Trading Co (ACCT), though arrangements are in place that could see Wishbone increase its stake up to 95%.
The cancer specialist Scancell Holdings Plc’s (LON:SCLP) said its lead drug has received a glowing write-up in a leading cancer journal as it released data from melanoma patients five years on from receiving the treatment. Immuno-therapy SCIB1, which is expected to progress into phase II clinical trials in the second-half of the year, was the focus of a peer-reviewed paper in OncoImmunology.
Sound Energy PLC (LON:SOU) has secured a new eight year petroleum agreement giving it rights to the Sidi Moktar project area, onshore Morocco. The new project area, to be referred to as ‘Sidi Moktar Onshore’, covers a 4,499 square kilometres including the Sidi Moktar Nord, Sud and Ouest permit areas.
Echo Energy Plc (LON:ECHO) has revealed plans for its projects in Argentina where it will drill four new exploration wells this year.
Accesso Technology Group PLC (LON:ACSO), the ticket and queue management firm, has announced a five year extension to its existing agreement with Cedar Fair Entertainment Company (NYSE:FUN), the US amusement Park corporation.
Savannah Resources Plc (LON:SAV) is accelerating exploration at its Mina do Barroso lithium project in Portugal, following the intersection of good grades at NOA and Grandao deposits. Savannah already has an established resource based around results from the nearby Reservatorio deposit.
Canada-based copper miner Rambler Metals & Mining PLC (LON:RMM) (CVE:RAB) achieved record throughput at its Ming mine in Newfoundland in the last three months of 2017. Production for the year overall was also a record with the level of ore processed rising by 27% to 339,631tonnes, which generated 3,968 tonnes of saleable copper and 3,357 ounces of gold.
Active Energy Group PLC (LON:AEG) has announced that its first commercial CoalSwitch™ plant in Utah, United States was officially opened on Friday 9 February 2018. The event consisted of an introduction to Active Energy, its Utah operations, management team and a demonstration of the reactors which can produce five tonnes per hour of finished CoalSwitch™ product. A video of the presentation has been uploaded to the company's website.
Falcon Oil & Gas Ltd. (AIM:FOG) (TSXV: FO) said it has been informed by Burlingame Asset Management, LLC that they now hold 48,772,302 common shares in Falcon, representing 5.24% of the company’s issued and outstanding shares.
Scotgold Resources Limited (LON:SGZ) announced that it has been informed by Loch Lomond and the Trossachs National Park Authority that arrangements have been made for a site visit and hearing to determine the company's application for the development of Cononish Gold and Silver Mine. The group said these will take place on 27 February, with the site visit at 10.15am,at Dalrigh Car Park, and the hearing at 1.30pm at Crianlarich Village Hall.
Block Commodities Limited, formerly known as African Potash Limited (LON:AFP0) announced that it has completed its change of name with effect from 8:00am today. The company said its new name reflects the strategy of the group to focus on the development of commodities ecosystems in Africa based on blockchain technology.
Capital Networks has issued a research report on TAG Oil Ltd (TSE:TAO) following news that it and its joint venture partner, Melbana Energy (30%), have commenced drilling operations operations on the Pukatea-1 exploration well. Analysts Lionel Therond noted that, based on injection rates and pressure data in the main Cheal permit field, current expectations are that a more definitive uplift of production and recovery factors will likely be seen by mid-2018.
Capital Networks has issued a research report on Rose Petroleum (LON:ROSE) following the completion of the initial structural interpretation of the 3D seismic data it acquired over its Gunnison Valley unit in the Paradox Basin, Utah, USA. Analyst Lionel Therond noted that all options are envisaged, including joint venture and farm-in arrangements, to ensure that any dilution to existing shareholders is kept to an absolute minimum, while still realising the full value of the project.