Interim safety data from the phase II trial of Synairgen plc’s (LON:SNG) lead drug, SNG001, has shown it is being well tolerated.
Next Fifteen Communications Group Plc (LON:NFC), the digital communications group, has made a good start to the new financial year.
Kibo Mining PLC (LON:KIBO) has shuffled its Haneti nickel project in Tanzania between subsidiaries to create a clear distinction between its mining and power operations. Katoro Gold PLC (LON:KIBO), majority owned by Kibo, will acquire Haneti for £200,000 in shares. Kibo will also retain a net royalty of 2% over anything produced from the nickel property.
Connemara Mining Company PLC (LON:CON) has said it has made “significant progress” in the last year and is “well positioned to move further ahead” as it released its full-year results.
Chaarat Gold Holdings Ltd (LON:CGH) has announced that its exploration drilling has extended Tulkubash mineralisation at Tulkubash gold project in the Kyrgyz Republic.
The wait continues for definitive results from 88 Energy Ltd’s (LON:88E) Icewine-2 well in Alaska. Shares in the junior oiler slipped on Friday morning after it told investors that it is yet to reach the connection to the reservoir.
Ireland focused explorer Lansdowne Oil & Gas PLC (LON:LOGP) chairman Lord Tim Torrington told investors that it is refreshing to see a return to drilling activity on the horizon at the Barryroe project. As the AIM-quoted group releases financial results, for the year ended December 31 2017, Barryroe is the main subject of conversation thanks to the farm-out deal struck during the current period, March 2018.
Shares in Vast Resource PLC (LON:VAST) surged 10% after it took a major step towards being granted mining rights at the Baita Plai mine.
Greatland Gold plc (LON:GGP) has received approval to test a nickel sulphide target at the Carnegie licence, which is part of the Errnest Giles project.
Rose Petroleum PLC (LON:ROSE) has revealed the details of a new competent persons report assessing its Paradox basin acreage, in Utah, United States. The new report, which is informed by recently acquired 3D seismic data, presents resources estimates for a 17,250 acre area (of a total 80,000 net acres in the Rose portfolio) and it solely features a single reservoir the Cane Creek reservoir, which is one of multiple prospective reservoirs in the play.
Victoria Oil & Gas plc (LON:VOG) chairman Kevin Foo told investors that he believes the Cameroon gas company will grow stronger and create a more diverse product base, despite the grid power supply issue it is currently facing. The company, which produces and supplies gas in the Duala region, is presently working through a period of lower volumes after a supply deal with a key customer lapsed without renewal.
The Marketing Group PLC (NASDAQ OMX:TMG) has said its Australian subsidiary, The Lead Generation Company Ltd, has entered voluntary liquidation. The marketing conglomerate said Lead Generation, a B2B telemarketer, was profitable up to 2017 until the loss of a major client caused it to slip into unprofitability and the best course of action was deemed to be liquidation.
BlueRock Diamonds PLC (LON:BRD) said it has resumed production at its Kareevlei diamond mine after rectifying an earlier fault to its cone crusher. The AIM-listed diamond miner said it had agreed rental terms on a replacement crusher and has an option on a long-term hire at de minimis rates while the fault in its own cone crusher had been identified and was being assessed.
Scotgold Resources Limited (LON:SGZ) is still waiting on approvals from French authorities to complete the sale of its French business. The AIM-quoted firm announced the €1mln sale back in March, stating at the time that the Minerals Resources Office of the Ministry for Economy and Finance of France would need to be satisfied that the buying party has the financial means to meet the licence expenditure commitments.