AfriTin Mining (ATM), an African technology metals mining company, announced results for the lithium and tantalum infill drilling programme at the company’s flagship operation, the Uis Mine.
The company said the exploration drill results which are very much in line with its high expectations. For the pegmatite intersections reported here, the average tantalum grade is approximately 40% higher than the average of the existing mineral resource estimate (119 ppm vs 85 ppm), and the tin grade is approximately 30% higher than the average of the resource estimate (0.174% vs 0.134%).
Thor Explorations (THX) provided an operational update for its Segilola Gold Mine located in Nigeria for the three months to September 30, 2022. The company said this has been another record quarter of production at Segilola, beating Q3 2022 guidance by over 1,500 ounces. The Company also repaid $10.3 million of its Senior Debt Facility in the Period and has now reduced the facility by almost 50% in nine months of commercial production.
Edenville Energy (EDL) provide an update on operations at its Rukwa Coal Project in Tanzania. The company said it was delighted to confirm operations at Rukwa have recommenced. Operations have been overhauled, and new mining and processing equipment has been procured and delivered to site, whilst other parts of the existing infrastructure have been repaired and upgraded.
Echo Energy (ECHO), the Latin American focused energy company, is pleased to provide a production update regarding its Santa Cruz Sur assets, onshore Argentina, for Q3 2022. Production over the period from 1 January 2022 to 30 September 2022 has reached an aggregate of 392,253 boe net to Echo during the period, including 74,127 bbls of oil and condensate and 1,909 MMscf of gas. Notwithstanding production disruption resulting from certain facilities being unavailable as upgrades to infrastructure have been made, net production in Q3 increased from Q2 levels.
Omega (ODX), the specialist medical diagnostics company, announced that Dr. Nigel Abraham, Scientific Director at Omega Diagnostics, will be presenting at the International Symposium on Food Intolerance and Digestive Health (FIDHC) in Dubai, taking place on Monday 17 October 2022.
Tiger Royalties (TIR) announced that unaudited portfolio value (based on investments and cash only) at 30 September 2022 was 0.12 pence (30 June 2022 – 0.15 pence), both per ordinary share.
Roquefort Therapeutics (ROQ), the Main Market listed biotech company, announced that the results of its anti-cancer RNA pre-clinical study will be presented later today at the 29th European Society of Gene & Cell Therapy in Edinburgh.
Oracle Power (ORCP), the international natural resources project developer, announced that the Directors of the Company have purchased ordinary shares in the company as part of the MAR compliant Director Share Purchase Plan as previously announced. Naheed Memon, CEO, bought just under half a million more shares, taking here total to 3.62%.
Redx (REDX), the clinical-stage biotechnology company, announces the first patient has been dosed in the Phase 2a study assessing RXC007, a wholly-owned Rho Associated Coiled-Coil Containing Protein Kinase 2 (ROCK2) selective inhibitor, as a potential treatment for patients with idiopathic pulmonary fibrosis (IPF).
Reach (RCH) announced its Q3 trading update for the 3-month period to 25 September 2022. The company said although the unusual period of trading during September impacted revenue and profit, underlying revenue trends during Q3 were broadly as anticipated heading into Q4, historically the strongest period for advertising.
Altona (ANR), a mining exploration company, provided an update to shareholders. The very well spoken Christian Taylor-Wilkinson, Chief Executive of Altona, said the board firmly believes that the potential of Monte Muambe to become an important part of the global rare earths supply chain, justifies the time and cost taken to complete the LSE listing.
Falcon Oil & Gas (FOG) announce that its c.98% owned subsidiary, Falcon Oil & Gas Australia Limited, has entered into a binding Letter of Intent in respect of Falcon Australia’s interest in the Beetaloo Sub-Basin exploration permits. Falcon Australia said it welcomes its new JV partners, Sheffield Holdings and Tamboran Resources. While its immediate focus is on the two Stage 3 Amungee wells, it is really excited about the future pace of development of the Beetaloo.
Dukemount (DKE) announced that, further to the disposal of the peakers as announced on 5 October 2022, the lenders (investors) have agreed to advance the net proceeds of £50,000 in aggregate in addition to restructuring their existing funding arrangement. The maturity date for the existing debt plus the Further Advance is to be 24 months from the date of the Advance (being 10 October 2024). The company said it was happy to work with the Investors to ensure that the company is financed for the next steps as we work towards identifying a suitable reverse takeover target.
DG Innovate (DGI), the advanced research and development company, provided an update on the company’s development and commercialisation strategy for its suite of technologies. The company said it now has a clear roadmap to commercialisation for both its electric mobility and energy storage technologies to take advantage of the numerous market opportunities it is seeing.
GreenRoc Mining (GROC), a company focused on the development of critical minerals projects in Greenland, provided the results from a field exploration campaign, which was conducted in July 2022, alongside the Phase 2 drill programme at its flagship Amitsoq Graphite Project in the Nanortalik Region of South Greenland. The company said it has identified high-grade graphite ore bodies, with grades in excess of 20% C(g), across its Project, starting at Amitsoq Valley Bed in the north, running through Amitsoq Island and Kalaaq, and extending as far south as Nanortalik Island, with several lower grade graphite mineralisations in between.
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