PREMIER AFRICAN MINERALS (LON:PREM)
SECTOR – MINING
RATING – CORP*
MARKET CAP – £14.8m
CURRENT PRICE – 0.27p#
Casa Mining reports 8.1m at 4.82g/t Au
NORTHLAND VIEW
Casa Mining Limited, a company in which Premier African Minerals holds a 4.5% interest, has reported the initial results from the first two holes of a 5,000m drill programme at its 1.57moz (1.65g/t) Akyanga Gold Project, located in the DRC.
Six holes have been completed to date totaling 1,100m.
Results from the first two holes included: 8.1m at 4.82g/t Au from 53.5m (MSDD0108) and 4.9m at 1.4g/t Au from 120.4m (MSDD0109).
These drill holes were drilled in the southern part of the Akyango Gold Project where Casa Mining believes there is good high-grade potential. Further results are expected over the coming months.
COMPANY DESCRIPTION
Premier African Minerals is a multi-commodity exploration and development company with assets located across Africa. Its principal asset is a 49% operator interest in the RHA Tungsten Mine located in Zimbabwe. It has also recently acquired a Limestone and Forestry business located in Mozambique.
SECTOR – MINING
RATING – SPECULATIVE BUY*
MARKET CAP – £10.0m
CURRENT PRICE – 2.2p#
From yesterday: Expanded drill programme underway
NORTHLAND VIEW
Botswana Diamonds has extended drilling by eight holes at the Thorny River Project, formerly referred to as Zebediela Project, to test a new anomaly on the Hartbeesfontein farm which the Company believes is a potential kimberlite pipe or blow.
A bulk sample is expected to commence shortly with the aim of recovering enough diamonds to take total diamond recovery on site up to 500cts.
The Company aims to have produce an Inferred Mineral Resource Estimate by the end of the year.
Botswana Diamonds has now completed its delineation drilling on the Frischgewaagt and Doornrivier farm but has extended the drill programme after geophysics defined what could potentially be a kimberlite pipe or blow on the Hartbeesfontein farm. Eight holes will now be drilled on this anomaly to fully evaluate its size. Definition of kimberlite pipe or blow could add a significant volume of kimberlite material project, significantly increasing its attractiveness.
COMPANY DESCRIPTION
Botswana Diamonds is a diamond focused exploration company that has a joint venture with Alrosa in Botswana, an interest in the Maibwe discovery also in Botswana and an interest in 10 prospecting rights that contains 20 kimberlites, in South Africa.
AMPHION INNOVATIONS (LON:AMP)
SECTOR – HEALTHCARE
RATING – CORP*
MARKET CAP – £4m
CURRENT PRICE – 2p
Partner company Motif Bio Plc released positive Phase 3 results
NORTHLAND VIEW
Amphion Innovations highlighted this morning that partner company Motif Bio plc ("Motif", AIM: MTFB, NASDAQ: MTFB) announced positive topline Phase 3 trial results for its lead drug iclaprim.
The drug met the primary endpoint and was well tolerated in the study.
This is a major milestone for partner company Motif. Now that the company completed both Phase 3 trials for iclaprim, we expect the NDA submission for US FDA approval in Q1-18, with approval expected in H2-18. Amphion owns 14.1% of Motif’s issued share capital.
COMPANY DESCRIPTION
Amphion Innovations is an incubator of medical, life science, and technology businesses.