Learning Technologies Group PLC (LON:LTG) expects underlying earnings for the year just ended will be comfortably ahead of market expectations. Adjusted earnings before interest and tax (EBIT) are expected to be at least £41.0mln for 2019, up from £26.0mln in 2018.
BlueRock Diamonds PLC (LON:BRD) booked revenue of £4.1mln for the 2019 full year, up by 190%. During the second half of 2019, the company also turned a profit for the first time. The success was based on the sale of 12,675 carats from the Kareevlei mine in South Africa, up 118% on the previous year.
Oriole Resources PLC (LON:ORR) has successfully applied for the extension of its licence over the Dalafin gold project in Senegal. The licence for the area, now renamed Senala, will be governed by the new Senegalese Mining Code and will secure the tenure of the licence for up to a further 10 years (plus up to two years special extension), subject to meeting the criteria at each renewal period.
Oriole Resources also said it had received notification from Trinvest AB, confirming that it now holds 37,050,000 ordinary shares in the company, representing 5.28% of the issued share capital.
Anglo African Oil & Gas PLC (LON:AAOG) confirmed that it has now entered into the recently agreed ‘put and call’ option agreement to potentially sell its residual 20% stake in its Congo subsidiary, which holds a 56% interest in the Tilapia field. The call option sets out sale terms whereby Zenith will pay £1mln for the 20% stake in the business, should Tilapia production never exceed 2,000 barrels of oil per day over 30 consecutive days before 15 January 2021.
Corero Network Security PLC (LON:CNS) has delivered a record second half in its latest financial year as its recurring revenue level continued to rise. In an update for the year ended 31 December, the security software group reported revenues for the last six months of the year had risen 10% on 2018, while order intake in the period increased 36% to US$8mln.
Integumen PLC (LON:SKIN) told investors its revenues had grown 366% to push through the £1mln barrier last year as it announced a deal with a firm that will “assist commercial enterprises in China”. Subsidiary Labskin has signed a memorandum of understanding with Innocare Group.
Greatland Gold PLC (LON:GGP) said final tests at its Firetower prospect in Tasmania have confirmed a defined mineralisation over a strike length of more than 200 metres. Two final test holes of a combined 670m were drilled to complete the campaign and test new targets.
Premier African Minerals Limited (LON:PREM) has had its RHA Tungsten mine in Zimbabwe connected to the national grid with sufficient power to start processing tailings at the site. The junior holds a 49% interest in RHA and is the operator.
Caledonia Mining Corporation PLC (LON:CMCL) has increased its ownership in the Blanket gold mine in Zimbabwe to 64% through the acquisition of an additional 15% stake from Fremiro Investments. The original MOU was signed in November 2018, but it has taken until now for regulatory approvals to come through.
IronRidge Resources Ltd (LON:IRR) has produced battery-grade lithium in conversion trials conducted on coarse spodumene concentrate samples taken from the company’s Ewoyaa lithium project in Ghana. Lithium carbonate at a grade of 99.92% Li2CO3 was produced, which exceeds most published specifications for battery-grade quality.
Pembridge Resources PLC (LON:PERE) is to appoint an operator for Minto Explorations Ltd, the company which runs the producing Minto mine in the Yukon. This will allow Pembridge to focus on complementary activities, including evaluating new investment opportunities.
Base Resources Ltd (LON:BSE) has confirmed the existence of further high-grade mineral sands mineralisation at the Toliara project in Madagascar, following a 29,753 metre programme of aircore drilling. A preliminary mineralogical assessment of two high grade lower sand unit intercepts shows ilmenite, rutile and zircon makeup approximately 50% of the heavy minerals and are in similar proportions to those reported in the existing reserves estimate. The ilmenite, rutile and zircon minerals appear to be of saleable quality.
Avacta Group PLC (LON:AVCT), the developer of Affimer biotherapeutics and reagents, has announced the appointment of Paul Fry as a non-executive director with effect from 3 February 2020. Fry is currently chief financial officer of Vectura Group PLC, an industry-leading inhaled drug delivery specialist, and prior to his current position, he was chief financial officer of Immunocore Limited, a leading biotech company focused on the development of a new class of immunotherapeutic drugs based on proprietary T-cell receptor technology.
Avation PLC (LON:AVAP), the commercial passenger aircraft leasing company, said it has won the highly-coveted Aviation 100 European Editor's Deal of the Year for Innovation 2019 award for the lease of three new ATR 72-600 aircraft to Braathens Regional Airways AB financed by the first-ever Green Loan for commercial aircraft. Avation executive chairman Jeff Chatfield commented: "We are delighted to be recognised with this award for Innovation as we align ourselves with airlines such as Braathens to deliver aircraft with low carbon emissions and fuel consumption, helping to support the goal of reducing the environmental impact of air travel."
Mineral & Financial Investments Ltd. (LON:MAF), the AIM-quoted resources investment company, announced that options over 160,000 ordinary shares in the company have been exercised by a previous director of the company and an advisor to the company at a price of 7.5p per ordinary share.
Redx Pharma PLC (LON:REDX), the drug discovery and development company focused on cancer and fibrosis, announced that at its general meeting, held today, all resolutions put to the meeting were duly passed.