Sirius Minerals PLC (LON:SXX) has revealed its latest sales agreement for its new mine in Yorkshire with BayWa AG, a European agribusiness, signing a ten year deal. Through the deal, which is expected to ramp up over the term, BayWa will receive a minimum of 2.5mln tonnes of polyhalite fertiliser per year by year five.
Anglo African Oil & Gas PLC (LON:AAOG) has received a US$600,000 cash boost and announced a short delay to the publication of the competent persons report (CPR) for the Tilapia licence in the Republic of the Congo. Big Pic in February.
Metal Tiger PLC (LON:MTR) jumped on Thursday after it said results from a drill programme at its Logrosán project in Spain had “added significantly” to its value. Michael McNeilly, chief executive of the AIM resources investor, said the “short confirmatory drill programme” had yielded five high-grade tungsten intersections as well as three high-grade gold intersections.
Cadogan Petroleum PLC (LON:CAD) said its Blazh-10 well on the Monastyretska license, in the west of Ukraine, has produced an average rate of 150 barrels of oil per day during the past 24 hours of a clean-up. The clean-up flow started after the pay zone was washed with acid to remove potential formation damage from mud filtrate.
Silence Therapeutics, PLC (LON:SLN) has appointed Iain Ross as a non-executive director and its chairman with immediate effect, with the experienced director returning to a role he held from 2005 to 2010.
Anglo Pacific Group PLC (LON:APF, TSX: APY), the mining royalty company, continues to see meaningful revenue growth in 2019, having notched up another record quarter.
Falcon Oil & Gas PLC (LON:FOG) boasted a strong financial position ahead of new well drilling programme, due to start in June. The company highlighted that it had US$6.9mln of cash and it was debt free. It added that the company has continued to focus on strict cost management, and, efficient operation of the portfolio. General and admin expenses decreased US$1.91mln.
NetScientific PLC (LON:NSCI) said it has accepted today the resignation of François Martelet as its CEO, who will depart on 30 April 2019 in accordance with the terms of his service agreement. The group noted that Martelet has resigned to assist the company in reducing its central costs and to pursue other career opportunities. It added that Ian Postlethwaite, currently Netscientific’s CFO and company secretary will henceforth combine these roles with that of CEO.
Capital Drilling Limited (LON:CAPD) is “well positioned” to benefit from a likely increase in exploration spending amid an uptick in metals prices according to analysts at Peel Hunt, who initiated coverage on the firm on Thursday with a ‘buy’ rating and 76p target price.
Following Wednesday’s announcement, City broker finnCap said the secondary share placing in Taptica International Lid (LON:TAP) was completed at a price of 140p per ordinary share, with 13,356,500 shares sold to new and existing investors, and the remaining 944,767 shares conditionally sold to the company as part of its share buyback programme. The placing shares represent, in aggregate, 10.6% of Taptica’s issued share capital. Following its completion, finnCap added, the market overhang in Taptica shares will have been cleared and the Eitan Epstein and Shirley Dahan Trust, on behalf of MTD PTE Ltd, Hagai Tal, Ehud Levy and Smart and Simple Ltd. will no longer hold any ordinary shares in the company.
WideCells Group PLC (LON:WDC) said that the option over £585,000 of European High Growth Opportunities Securitisation Fund's Loan Notes held by Nuuco Media Limited- a company controlled by David Sefton - has lapsed and both parties have elected not to renew it.