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Ortac Resources' Vasillios Carellas sees huge potential with their African assets

Vassilios Carellas, chief executive of Ortac Resources Ltd (LON:OTC), talks Proactive through the “extremely encouraging” results reported from Casa Mining Ltd's first two diamond core drill hole assays at the Akyanga gold deposit in the Democratic Republic of Congo.

The AIM-listed exploration and mine development company said the initial results support the existing geological and structural understanding of the gold deposit and further confirm Akyanga as an open-pit resource of over 2mln ounces.

Carellas also discusses the company's new focus on their African assets as well as the recent additions of Chairman Nick von Schirnding and non-exec Brian McMaster.

Quick facts: Arc Minerals Limited

Price: 4.19 GBX

Market: AIM
Market Cap: £40.51 m

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Investor Update: Oracle Power's Pakistan block recognised as potential...

Headlines from the Proactive UK newsroom. Oracle Power PLC’s (LON:ORCP) resource on Block VI at Thar in Pakistan has been officially recognised as a potential coal gasification into fertiliser project. Pakistan is estimated to face a sizeable fertiliser shortage by 2026. Arc Minerals Ltd...

on 19/11/19

2 min read