Ora Banda Mining Ltd (ASX:OBM)’s extensional drilling under the Riverina open pit in Western Australia has extended the Main Lode an additional 100 metres vertically with high-grade intercepts of 1.2 metres at 29.9 g/t gold and 2.8 metres at 6.0 g/t.
Intercepts have increased the depth of the known high-grade mineralisation from around 250 metres below surface to more than 350 metres below surface and the deposit remains open in all directions.
Analysts at Canaccord Genuity (TSX:CF, LSE:CF) have reiterated their 'buy' rating on Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) and increased their target price for the company's Canadian-listed stock to C$46 from C$45 following news that construction of the Lafigue project in Cote d'Ivoire has been approved following the completion of a Definitive Feasibility Study (DFS).
The Canadian broker's analysts said: "We forecast Endeavour consolidated production increasing to 1.56Moz by 2025 from 1.39Moz this year (+12%). We also forecast Endeavour remaining cash flow positive throughout the construction period, at current gold prices, and to continue paying its dividend."
Analysts at Peel Hunt have reiterated their 'buy' rating and 524p price target on Faron Pharmaceuticals Limited (AIM:FARN, OTC:FPHAF) following recent Bexmarilimab therapy trial data news.
The City broker's analysts noted that Faron described the results from the melanoma cohort from the ongoing, adaptive, phase I/II MATINS (Macrophage Antibody To INhibit immune Suppression) trial for Bexmarilimab therapy, which will be presented at an academic conference in Scotland.
Mila Resources PLC (LSE:MILA) has announced the discovery of three sheared zones, where rocks appear to be under pressure and stress, in an update on its Kathleen Valley project and the Coffey Deposit in Western Australia.
The features discovered are “consistent with the gold-silver bearing zones already assayed and carrying significant mineralisation higher up in the system," said Neil Hutchinson, technical director of the junior.
ANGLE PLC has said the closure of its research facility in Toronto, Canada, will deliver cost savings of £2.4mln next year followed by £4mln a year thereafter and will push the company’s cash runway out to the second half of 2024.
The one-off cost associated with the closure will be £500,000.
Bradda Head Lithium Ltd said it has completed further step-out drilling phase at its Basin East lithium in clay project in Arizona.
The company has now received all assay results from its 14-hole, 1,200-metre, sonic drilling programme completed at Basin East (BE) earlier this year.
Faron Pharmaceuticals Limited (AIM:FARN, OTC:FPHAF)'s cancer treatment has the capacity to ignite immunity in people with late-stage skin cancer where other treatment options have failed.
That was the leading finding from the company’s phase I/II MATINS study of bexmarilimab in melanoma that will be shared with delegates at a scientific conference.
Open Orphan PLC (AIM:ORPH, OTC:OPORF), which is changing its name to hVIVO PLC at the end of this month, has announced the appointment of Stephen Pinkerton as its new chief financial officer (CFO) and as an executive director with immediate effect.
Pinkerton succeeds Leo Toole, who is stepping down to pursue other interests.
Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF) has fielded data from an independent, third-party contract research organisation (CRO) study into RECCE327’s effect on SARS-CoV-2 (COVID-19) in Syrian golden hamsters, the gold standard animal model for COVID studies.
The study by Viroclinics, a Netherlands-based CRO, demonstrated a ‘significant’ reductive effect against the SARS-CoV-2 virus, reducing levels of the virus in throat swab samples collected from the test subjects.
MGC Pharmaceuticals Ltd (LSE:MXC, OTC:MGCLF, ASX:MXC) gave notice for its 2022 Annual General Meeting of shareholders, scheduled for Thursday 24 November 2022.
Chill Brands Group PLC (LSE:CHLL, OTCQB:CHBRF) today launched its redeveloped eCommerce website, as a key part of the company's omnichannel strategy.
Tlou Energy Ltd (AIM:TLOU, ASX:TOU, BSE:TLOU) confirmed the results of its AGM in which all resolutions were duly passed, and, in a statement chair Martin McIver said: “We continue to make excellent progress towards establishing ourselves as a key power player in Botswana and Southern Africa through the exploration and development of gas and solar.”
Deltic Energy PLC (AIM:DELT) hired Canaccord Genuity as its joint corporate broker alongside Stifel Nicolaus, meanwhile, Allenby Capital remains the company's Nominated Adviser for the AIM market.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) gave notice for its Q3-2022 financial results, scheduled for Thursday 10 November, before the market open in London.
Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) exercised share warrants, 150,000, at a price of 10p per new common share to raise C$15,000 (£9,700) of additional capital.
Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF) gave notice for its Annual General Meeting which will be held on Thursday, 17 November 2022 at 1.00pm in London.