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Feasibility study puts NPV on Bacanora's Zinnwald project at €428mln

Top stories from the Proactive Investors UK newsroom:

Bacanora Lithium (LON:BCN) has published a feasibility study for its Zinnwald project in Germany that indicates 94,000 tonnes of reserves and a net present value of €428mln. Costs to build the mine are estimated at €159mln.

Gaming Realms (LON:GMR) has signed a distribution agreement with Relax Gaming, a content provider and platform owner with more than 350 casino brands.  Gaming Realms will supply its Slingo games format and receive a share of the revenue generated from gaming operators adopting the game on Relax’s platform.

Gold miner Ariana (LON:AAU) posted annual profits of £2.2m as its Kiziltepe mine in Turkey continues to storm ahead. The joint venture running the mine made a profit after tax for the year of £7.4mln after production of more than 27,100 ounces of gold equivalent.

Non-Standard Finance has abandoned its takeover of Provident Financial after the UK regulator said the enlarged group would not meet regulatory capital requirements due to the large number of minority interests.

Neil Woodford has apologised for the suspension of his Equity income fund, which has left investors unable to withdraw money. He said he was extremely sorry about the move but that it was necessary to protect the interests of investors.

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