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Most followed: Armadale, Bushveld, Condor, Edge, Forbidden Technologies, fastjet, Galasys ...

Published: 18:12 01 Sep 2014 BST

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There were lots of good news stories in the Proactive universe today.

Seeing Machines (LON:SEE) has formed an alliance with Takata, a leading supplier of automotive safety systems.

Shares in the driver fatigue monitoring specialist surged on Monday as it emerged it's set to see its technology mass-produced under the new deal.

Forbidden Technologies (LON:FBT) was sharply higher after it released a prototype version of its first video-sharing technology for consumers.

Shares in International Ferro Metals (LON:IFL) were also on a surge as it revealed chrome concentrate supply had resumed from Anglo Platinum (Amplats) following strikes.

IFL said it received 20,000 tonnes of UG2 chrome concentrate supply last month (August), which was ahead of previous expectations.

Elsewhere in the mining sector, Savannah Resources (LON:SAV) unveiled what it described as encouraging results from a re-processed airborne survey of its copper project in Oman.

It points to 94 prospective anomalies, including eight “priority-one” targets that have been identified near known volcanic massive sulphide deposits.

In similar vein, Bushveld Minerals (LON:BMN) has unveiled a significant resource upgrade to its Main Magnetite Layer vanadium project in Limpopo Province, South Africa.

It has added a further 68.7mln of inferred mineral resource with an average grade of 28.8% iron and 0.75% vanadium pentoxide.

This takes the total to 120.5mln tonnes at an average grade of 35.7% iron and 1.06% vanadium pentoxide.

Shanta Gold (LON:SHG) today restated its production guidance for 2014 as it posted what it called "pleasing" first half numbers.

Revenue jumped to US$58.3 million compared to US14.6mln in the same period in 2013, while pre-tax profit was US$7.7mln (2013: a loss of US$1.43mln).

Red Rock Resources (LON:RRR), meanwhile, said earnings before tax and depreciation are forecast to more than double to $49mln at the Tshipi Borwa manganese mine in South Africa; the value of Jupiter’s share of Tshipi is put at US$429mln (A$460mln).

Armadale Capital (LON:ACP) has agreed to buy Kisenge Limited. The acquisition for US$520,000 in cash gives Armadale ownership over its main exploration centre - the Mpokoto Gold Project.

Kalimantan Gold (LON:KLG, CVE:KLG) continues to have positive discussions with firms over possible partnerships on its KSK project and Jelai gold property in Indonesia, it told investors in half year results.

The firm reported a “comprehensive loss” (a loss due to the change in equity of a company and other events) for the six months to June 30 2014 of C$234,495, compared to a profit of C$113,467 for the same period a year earlier.

Technical gold exploration expert Peter Flindell has agreed to join the Condor Gold (LON:CNR) as a non-executive director.

Flindell has been working with the company since last June.

Explorer Sunrise Resources (LON:SRES) has published its latest updated investors presentation. It comes after news that at least two discoveries at Cue are diamondiferous, and soil sampling is planned ahead of drilling at the Baker's & Corona gold projects, also in Australia.

Moving on to the oil sector, Leni Gas & Oil (LON:LGO) said the GY-668 well in Trinidad encountered 254 feet of net oil pay in its primary target, the Gros Morne Sandstones.

IGas Energy (LON:IGAS) told investors at its AGM planning is currently underway for seismic data acquisition, to start in the coming months, which will inform future shale gas drilling.

Northcote Energy (LON:NCT) is acquiring a 37.5% interest in the Alta Loma Field in Texas from Springer Oil & Gas.

The terms of the deal are US$100,000 payable on the successful drilling of well with initial production in excess of 300 barrels a day plus there’s also a US$50,000 capital expenditure credit.

Junior oil producer Edge Resources (LON:EDG, CVE:EDE) has unveiled another record-breaking quarter, posting a net income of C$288,431 in the first quarter compared to a loss of C$30,678 in 2013.

Sales in the three months to end June were C$3.5mln compared to C$2.3 million in 2013.

Away from the resources sector, low-cost African airline Fastjet (LON:FJET) is going to start flights between the capital cities of Tanzania and Uganda.

The flights between Dar es Salaam and Entebbe are the only direct links between the capitals, Fastjet said.

Theme park ticketing specialist Galasys (LON:GLS) posted a 35% increase in pre-tax profit in its maiden half year results and expects to expand further its market coverage in China and other Asian countries.

Revenue for the first half was 34% higher at RM16.44mln (£3.136mln).

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