Empire Metals (EEE), the AIM-quoted resource exploration and development company, updated on its exploration activities at the combined Eclipse-Gindalbie Gold Project in Western Australia, and reported that the next campaign of reverse circulation drilling will commence there in mid-June.
The company said the successful geological mapping of the Eclipse shear, achieved through the diamond drill programme just recently completed, has provided its exploration team with a greater understanding of the strike and dip of the mineralised lode.
Caracal Gold (GCAT), the expanding East African gold producer, announced the second batch of sample assay results from its Reverse Circulation and Diamond Drilling drilling programmes, which continue to confirm the strike and depth continuation of the known orebody at the Kilimapesa Hill deposit at the Kilimapesa Gold and Mining Operations in Kenya. The company said rhe high-grade intercept from DD hole 005 of 29.23g/t Au over 1m from 209m provides further proof that the orebody is open at depth.
GreenRoc Mining (GROC), a company focused on the development of critical mineral projects in Greenland, announced details of the forthcoming drilling programme at the Amitsoq Island Graphite Project in southern Greenland, one of the highest-grade graphite deposits in the world. The company said that with the Amitsoq deposit remaining open along strike and down dip, and the recently expanded Exploration Target, it is confident that a more significant, high-category Resource can be established.
ADVFN (AFN) provided a trading update for the second half of the financial year ending 30 June 2022. The company said sales in the six months ended 31 December 2021 were in line with the comparable period in the prior year. Subsequently, sales to date in the Half Year Period have been disappointing. Perhaps the golden goose was not so golden? Or is it a case of if it ain’t broke, don’t try and fix it?
KEFI (KEFI), the gold and copper exploration and development company, announced its audited financial results for the year ended 31 December 2021. The company said that due to the improvement in the local working environment in both Ethiopia (security) and Saudi Arabia (regulatory) since late 2021, KEFI now has three (not one) advanced projects in two countries. NPV per share has grown from 3p as at mid-2020 to 7p as at mid-2021 and 9p as at mid-2022. This of course compares to the present share price well under 1p.
Gfinity (GFIN), an esports and gaming solutions provider, announced that it has extended its relationship with Formula 1 for a further year to deliver the main elements of the F1 Esports Series presented by Aramco in 2022. In 2022, Gfinity will deliver the Pro Exhibition from the FORMULA 1 LENOVO BRITISH GRAND PRIX 2022 and the Pro Championship, the pinnacle of F1 Esports. Who needs Sir Lewis Hamilton?
Coro Energy (CORO) the South-East Asian energy company focused, announced the resumption of production at the Sillaro gas field alongside a further update on its production enhancement operations. The company said that following the resumption of production at each of Sillaro, Rapagnano and Casa Tiberi, it will provide updates on production as appropriate in due course.
Caspian Sunrise (CASP) reported on the spudding of Deep Well 802 and to provide its assessment of the ongoing impact of Russian sanctions. The company said to date there have been no problems in accessing the Russian pipeline network to deliver its international oil and it does not believe there will be any issues in this respect no matter how long sanctions continue. “Whatever happens” we do not see these pipelines being closed.
Kanabo Group (KNB), a medical cannabis R&D Company, announced its Full Year Audited Results for the year ended 31 December 2021. The company said that having completed its strategic acquisition of The GP Service, it is now in a position to grow the primary care tele-medicine business and be at the leading edge of an emerging medical cannabis tele-medicine market.
BrandShield Systems (BRSD), a cybersecurity solutions specialist, announced new findings on the increasing threat and proliferation of unauthorised NFTs associated with popular US celebrities who have promoted NFTs. Markets and Markets predicts that the existing $3 billion NFT market will become a $13.6 billion market by 2027, and BrandShield’s findings underscore the severity of crypto scammers leveraging celebrity influence to defraud unsuspecting fans.
Savannah Energy (SAV), the British independent energy company, said that the Company’s 80% indirectly owned subsidiary, Accugas Limited, has entered into a new gas sales agreement with TransAfam Power Limited in relation to the provision of gas for use at its power plants in Rivers State, Nigeria.
Nanoco Group (NANO), a cadmium-free quantum dots specialist announced a trading update and a placing at 37p to raise £2.25m. The company said the fundraise will enable Nanoco to plan “confidently” for the future of the organic business and position it in the “strongest possible way” for the next stages of the litigation.
Panthera Resources (PAT), the diversified gold exploration and development company, announced the Reverse Circulation/Air Core drilling programme at the Bassala Project in Mali has commenced. The company said exploration in the Bassala Central prospect is targeting the deeper structures identified in earlier work and highlighted by several artisanal zones of workings that are also located on the north-south structures as interpreted from the gradient array IP survey.
Oilex (OEX) updated with respect to its operations in India. The company said that all major service and equipment have been secured for the planned C-77H re-frac operation. Currently, the workover rig is scheduled to be mobilised in mid-June 2022 in order to prepare the C-77H well for fraccing operations, scheduled for mid-July 2022.
Posh English wine company Gusbourne (GUS) is pleased to announce its audited results for the year ended 31 December 2021. Net revenue was up by 99% to £4.191m (2020: £2.109m). A five-year CAGR in net revenue of 46% (2020: 35%) was revealed with significant growth in UK Trade sales as the sector continued to recover from the prior year effects of COVID-19. Net wine sales were up by 168% (2020: minus 23%).
Prospex Energy (PXEN), the AIM quoted investment company, announced that Po Valley Energy Limited (ASX:PVE) has received the penultimate approval for production at the Podere Maiar gas field located in onshore northern Italy, which lies within the Selva Malvezzi Production Concession. Prospex holds a 37% working interest in the Podere Gallina Exploration Permit with the Operator holding the remaining 63%.
NetScientific (NSCI), the international life sciences Group, and that its portfolio company, PDS Biotechnology Corporation (Nasdaq: PDSB), has been granted Fast Track designation for PDS0101 in combination with Merck’s anti-PD-1 therapy, KEYTRUDA® (pembrolizumab), for the treatment of recurrent or metastatic HPV16-positive head and neck cancer by the FDA.
It would appear that luck has not been at play in the small-cap area so much this year. To add to the list Clontarf Energy (CLON), announced results of the Sasanof-1 exploration well, located 207 km northwest of Onslow, Western Australia. No commercial hydrocarbons were intersected.
Bens Creek (BEN) said that on 1 June 2022 it commenced the delivery, by railroad, of its High Vol B product to Integrity Coal Sales Inc., the company’s offtake partner. Initially, the company had been supplying Integrity with Run of Mine coal via truck, whilst it completed the remediation of the wash plant and railway spur line.
CleanTech Lithium (CTL), an exploration and development company, announced an operations update with resource drilling at the Laguna Verde and Francisco Basin projects completed for the current drilling season. The Laguna Verde brine assays revealed up to 409mg/L Lithium.
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