Bezant (BZT), the copper-gold exploration and development company, provided an update on the Caerus Joint Venture programme underway in Cyprus.
By Zak Mir
The Joint Venture partners have focused on the Troulli Project which contains both gold oxide and copper sulphide hard rock resources from new discoveries and extensions to a former open pit.Colin Bird, Executive Chairman of Bezant, said that the initial assay results are very encouraging and indicate the potential for development of a shallow gold resource as well as the opportunity to deepen and extend the current open pit to access the sulphides which contain both copper and gold.
Avacta Group (AVCT), a clinical stage biopharmaceutical company, announced that the AffiDX® antigen lateral flow test has been shown to detect the Omicron variant of the SARS-CoV-2 virus in clinical samples. The AffiDX® SARS-CoV-2 antigen lateral flow test has been evaluated at the Carlos III Hospital in Madrid using a small number of actual patient samples confirmed to be Omicron variant positive. The results indicate that the AffiDX® antigen test detects the new Omicron variant in addition to all previously identified new variants of concern.
Quantum Blockchain Technologies (QBT) said that it has issued 30,000,000 ordinary shares at 2p, following the exercise of 30,000,000 warrants of the 100,000,000 warrants granted to John Story issued as part of the placing on 22 February 2021. Following this exercise, Story holds a remaining 52,500,000 warrants issued to him as part of the February Placing. The proceeds of £600,000, will go towards QBT’s working capital designated for its Research and Development Programme.
The recent trend of fund raising ahead of the Christmas break continues. Bens Creek Group (BEN), the owner of a metallurgical coal mine in North America has raised $6,000,000 through the issue of unsecured convertible loan notes to ACAM GP Limited. The net proceeds of the Convertible Loan Notes will be used to predominately finance future acquisition opportunities and for general working capital purposes.
AIM-listed life sciences company and stock market newbie, Ondine Biomedical (OBI), has appointed Professor Trevor Jones CBE FMedSci to lead a new advisory board on the use of its pioneering photo disinfection based technology to prevent and treat COVID-19. Ondine’s non-antibiotic antimicrobial technology, called photo disinfection, rapidly destroys pathogens, including the SARS-CoV-2 virus, without causing resistance. Ondine’s COVID-19 advisory board consists of leading UK experts in the field.
Kanabo Group (KNB), a medical cannabis and R&D Company. said that its unique CBD and nicotine formula has advanced from Patent Cooperation Treaty (PCT) phase to National Phase in the US, UK, and EU countries – the last phase before becoming an internationally approved patent.
AfriTin Mining (ATM), an African tech-metals mining company. provide a production update for the three-month period ended 30 November 2021 (Q3 of the financial year). Production of tin increased by 20% quarter-on-quarter (“QoQ”) to 136 tonnes. Ore tonnes processed increased by 17% QoQ to 149k tonnes. All-in sustaining cost for the Uis operation improved by 22% QoQ to c. US$23k. The company said construction of Uis Phase 1 Expansion Project is on track and on budget and workstreams for an enhanced, large-scale Uis Phase 2 expansion have commenced.
There was an end of year operations update from Predator Oil and Gas (PRD), perhaps not a year that all shareholders would look back on with the greatest of fondness. The company said that despite the COVID pandemic 2021 has been an exceptionally busy year. The MOU-1 gas discovery has been fully evaluated and the testing programme will now be executed first before any potential additional drilling commences. This is to reflect the commercial opportunity that has crystallised in the last couple of months of 2021 in respect of the situation for current end users of gas in Morocco.Irish gas demand has been re-vitalised and requires the equivalent of the discovery of another Corrib gas field, while “Trinidad has not delivered yet. Not through technical failure, but through an unforeseen and bizarre event that can be put in the context of what others think is an acceptable approach to making a small but positive contribution to addressing Climate Change Concerns.”
Power Metal Resources (POW) the London listed exploration company, and frequent RNS releaser, updated from its joint venture subsidiary New Ballarat Gold Corporation which is undertaking gold exploration at its granted exploration licences in the Victoria Goldfields in Australia. NBGC’s first diamond drill programme has begun at O’Loughlin’s prospect south of Buninyong. The grant of new 489 km2 exploration licence EL007282 (Blue Sky) in Victoria, Australia, means that 9 licences have now been granted covering 1,501 km2.
Atlantic Lithium (ALL), the African focussed lithium exploration and development company, announced initial infill drilling results at the Ewoyaa Lithium Project in Ghana, West Africa, where the Company recently announced an updated Scoping Study and increased JORC resource of 21.3Mt @ 1.31% Li(2) O, resulting in a significant improvement in project economics and life of mine.
SolGold (SOLG) updated regarding the maiden Mineral Resource Estimate for its Cacharposa porphyry copper-gold deposit at the Porvenir project in southern Ecuador, held by Green Rock Resources S.A., a 100% owned and unencumbered subsidiary of SolGold.
Total Mineral Resource of 396.8Mt @ 0.44% CuEq for 1.40 Mt Cu, and 1.80 Moz Au in the Indicated category, plus 96.9 Mt @ 0.37% CuEq for 0.28 Mt Cu, and 0.38 Moz Au in the Inferred category, using a cut-off grade of 0.16% CuEq.
ECR Minerals (ECR), the gold exploration and development company, announced the granting of two gold exploration tenements in Victoria, Australia. ECR Minerals plc has 100% ownership of the Bailieston Project (EL5433) and the Creswick Project (EL006184), both of which are currently undergoing intense exploration by ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd.
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