ECR Minerals PLC (LON:ECR) has added to its portfolio in Victoria, Australia with the acquisition of the Creswick gold project at no cost. The site is believed to be highly prospective for the yellow metal hosted within the Dimocks Main Shale (DMS) and only two holes has been drilled to test this area, both in the 1990s.
SDX Energy Inc (LON:SDX) (CVE:SDX) has announced a new discovery with gas bearing horizons encountered in the LNB-1 exploration well, in the Lalla Mimouna permit onshore Morocco. The company told investors that the gas horizons were present in a significantly over-pressured section - mudlog data indicated elevated gas readings of more than 20%, and above 50% in multiple sections - though further logging could not be undertaken by conventional methods.
Michael Stephen, deputy chairman of Symphony Environmental Technologies plc (LON:SYM) has said he hopes that the UK will soon join other countries and make oxo-biodegradable plastic technology (OBP) compulsory.
Wolf Minerals Ltd (LON:WLFE) said it has settled a dispute with GR Engineering over a contract for the Hemerdon tungsten and tin project. GR Engineering secured a contract with Wolf Minerals in 2013 for the engineering, procurement and construction of the Hemerdon project in Devon, south England.
Brazil-focused Harvest Minerals Limited (LON:HMI) has expanded its sales team and manufacturing plant for its KPfertil fertiliser product a Wolf Minerals Ltd (LON:WLFE) said it has settled a dispute with GR Engineering over a contract for the Hemerdon tungsten and tin project. GR Engineering secured a contract with Wolf Minerals in 2013 for the engineering, procurement and construction of the Hemerdon project in Devon, south England.head of product certification and a mining permit. The company has been producing KPfertil on a trial basis in anticipation of a permit from Brazil’s Ministry of Agriculture, Livestock and Supply (MAPA).
United Oil & Gas Plc (LON:UOG) has raised £2.5mln of new capital to support exploration activities in UK and offshore Jamaica. It has earmarked £1mln for its share of drilling costs for the Colter exploration well, off England’s south coast, and, £1.1mln will go to the 3D seismic work that’s being advanced by operator Tullow Oil in Jamaica.
Amphion Innovations Plc (LON:AMP) has said its chairman, Richard Mansell-Jones, as well as a non-executive director, Miroslaw Izienicki, have stepped down from the board with immediate effect.
Curzon Energy Plc (LON:CZN) said it will begin an additional fieldwork programme to accelerate gas production at its 100% owned Coos Bay Coalbed Methane (CBM) project in Oregon. The oil and gas producer said it believes the additional work will allow access to twice as many “pay zones” as well as shortening the time-frame to commercial gas production and increasing overall production volumes.
Vast Resources PLC (LON:VAST) has announced the acquisition of a 23.75% economic interest in the Eureka Gold Mine in Zimbabwe. The AIM-listed firm said Zimbabwean company Dallaglio Investments (PVT) Ltd, in which it owns a 25.01% take, bought a 95% interest in Delta Gold Zimbabwe (Pvt) Ltd from Alpha Resources Ltd and Industrial Development Corporation of South Africa Limited.
Gold mine developer Galantas Gold Corp (LON:GAL) (CVE:GAL) ended 2017 with C$779,758 in cash (2016: C$557,005) as it continues to advance Northern Ireland's first underground mine. As has been well documented, mining is currently suspended at the site and revenues for the year came in at C$35,308 (2016: C$74,068), mainly from jewellery sales.
Summit Therapeutics PLC (LON:SUMM, NASDAQ:SMMT) has highlighted new analysis from the group’s Phase Two clinical trial, for its potential treatment for Duchenne muscular dystrophy (DMD).
Wishbone Gold PLC (LON:WSBN) has told investors that the processing plant in Honduras is now operational. Following several visits by the team to ensure the project remained on track, the plant is now fully operational under a small-scale licence.
Bacanora Lithium PLC (LON:BCN) said on Friday that chief executive Peter Secker has been appointed as a main board director of the company with immediate effect. Secker, who has been chief executive since May 2015, brings more than 35 years of experience in developing, constructing and operating mines.
IronRidge Resources Limited (LON:IRR) has completed its farm-in to the Saltpond and Cape Coast lithium projects in Ghana. The newly acquired licences are adjacent to the IronRidge’s Ewoyaa prospect where earthworks are currently underway and drilling imminent.
KEFI Minerals plc (LON:KEFI) said it has started the community resettlement at its Tulu Kapi gold project in western Ethiopia. The AIM-listed firm said that joint committees of the company together with Ethiopian authorities have now triggered the formalisation of the resettlement arrangements for each of the affected individual households in the area.
Mining group Metminco Limited (LON:MNC) (ASX:MNC) revealed there had been take-up of around 72% of the previously announced revised rights issue. A shortfall of around 191mln new shares will be placed with the underwriter, Patersons Securities Limited and overall the cash-call is expected to raise around A$5.56 million before costs, compared with A$5.1mln before it was revised.
Capital Network has published a research report on PCF Group Plc (LON:PCF) in which analyst James Dolman concluded that he believe that the firm can continue to fund in either deposit or third party wholesale markets sufficiently to match its aspiration for future portfolio asset growth.
Capital Network has published a research report on Avacta Group Plc (LON:AVACT) in which analyst Riccardo Lowi, in his view, said recent stock price weakness reflects uncertainty around a likely capital raise before the year-end rather than the company’s strong fundamentals.