East Star Resources (EST), the Kazakhstan-focused gold, rare earths and copper explorer, is pleased to present its interim results for the six-month period ended 31 May 2022.
The company said considering East Star re-listed just seven months ago, the pace and quality of progress in Kazakhstan has been exceptional. Being able to move this swiftly to secure new opportunities such as the rare earths project and additional VMS licences, or to oversee geophysical work such as the under-budget EM survey on the VMS licences, is precisely why the CEO is stationed in Kazakhstan.
Pantheon Resources (PANR), the AIM listed oil and gas company, announced the receipt of a report by the independent experts at Baker Hughes AHS titled “Pantheon Great Bear Theta West 1 well. The company said following the successful completion of horizontal drilling operations at its Alkaid #1 well last week, it is presenting shareholders the results of the VAS work on Theta West #1. This is a great endorsement from AHS, and one of several technical tools we employ. Ultimate commerciality on its projects will be determined by flow testing.
Chaarat Gold (CGH), the AIM-quoted gold mining company, announced the completion of the first phase metallurgical test programme performed by SGS Lakefield on its Kyzyltash gold project. The project has a current JORC-compliant Measured, Indicated and Inferred sulphide resource of 5.4 million ounces of gold at 3.8 g/t. Management estimate that the project has the potential to produce approximately 300koz per annum of gold. The company said the development of the Kyzyltash project is continuing as planned. These first results of the Kyzyltash metallurgical test work have provided confirmation that the gold is favourably recoverable with various technologies. The fact that the results from the AlbionTM process were similar to POX is very encouraging.
African Pioneer (AFP), the exploration and resource development company, provided an update on the Option Agreement and subsequent exploration programme entered into with First Quantum and APP’s 80% owned subsidiary African Pioneer Zambia Ltd. The company said it was very pleased that its partner has commenced exploration and largely completed Phase 1 fieldwork and is already embarking on drilling. It looks forward to receiving further results from the geochemical soil surveys and drilling results in due course.
Quetzal Capital (QTZ), a financial technology investment company, announced that its investee company, Tap Global Limited has launched a Crypto-as-a-Service product, adding a potentially significant new B2B revenue stream. Quetzal said the launch of CaaS highlights the value of Tap’s regulated status and its intention to become a genuinely full-service fintech provider to both companies and individuals. By adding another potentially significant revenue stream, Tap is pressing its advantage over simple ‘buy bitcoin’ platforms and enhancing its diversified B2B offering.
Hydrogen Utopia International (HUI), a company pioneering non-recyclable waste plastics to hydrogen technology, announced that it has agreed heads of terms with Powerhouse Energy (PHE) for the joint development of a facility at a site at in Konin within the Wielkopolska (Greater Poland) Voivodeship. The company said it has made a rapid start with the Konin project, particularly through the EIA application. Joint venturing this project with PHE will allow it to offer an alternative waste plastic to hydrogen system to that being developed with Electron and Linde, although the invasion of Ukraine has inevitably meant that in timing terms this project will almost certainly follow its project in Ireland.
Southern Energy (SOUC), a producer with natural gas and light oil assets in Mississippi, announced the release of its second quarter financial and operating results for the three and six months ended June 30, 2022. There were $3.6 million of adjusted funds flow operations in Q2 2022, an increase of 490% from the same period in 2021.
Rambler Metals and Mining (RMM), a copper and gold producer, updated on its 2022 underground diamond drilling program at the Ming Copper-Gold Mine, Baie Verte, Newfoundland and Labrador, Canada. The company said it has waited to provide the results contained in this announcement until the two respective concurrent drill programs were completed. While it is still awaiting gold assays for this work, there are exciting copper results from the two drill sites, those being the 510L in the Lower Footwall Zone, and the 707L which is targeting the Upper Footwall Zone “UFZ”, whilst in the process we have identified another new area of mineralization that has been dubbed the Ezekiel Zone.
Fusion Antibodies (FAB), specialists in pre-clinical antibody discovery, announced its final results for the year ended 31 March 2022. The company said it was pleased with its overall performance in the year given the challenges that still exist with Covid-19. Full year revenues increased, and it has strengthened its Board with the additions of Dr Matthew Barker as a Non-Executive Director and Dr Adrian Kinkaid as our new CEO.
Power Metal Resources (POW), the London listed exploration company, updated in relation to the Molopo Farms Complex Project. The company said it is encouraging to see the interest in Molopo Farms shown by shareholders and investors. It shares the excitement this Project brings, and the K1-6 conductor is considered by our technical team to be a very compelling drill target.
AMTE Power (AMTE), the developer and manufacturer of lithium-ion and sodium-ion battery cells, provided an update ahead of announcing its full year results for the year ended 30 June 2022. The company said it continues to make good progress in accordance with its plans across its three core cell products: Ultra High Power, Ultra Safe and Ultra Prime, with a pipeline in excess of £240m.
CyanConnode (CYAN) announced its audited results for the year ended 31 March 2022. It reported an increase of 49% in revenue to £9.6m in 2022 from £6.4m in 2021 , the highest annual revenue for the Group to date, and an increase of 61% in gross profit to £5.0m in 2022 from £3.1m in 2021.
Rainbow Rare Earths (RBW) released an updated Technical Report on the processing flowsheet to extract rare earth elements from the phosphogypsum stacks at the Company’s Phalaborwa Project in South Africa. The company said it was delighted to provide technical detail which emphasises the breakthrough that has been delivered by Rainbow, in conjunction with partners K-Tech, in delivering a processing flowsheet to economically extract rare earth elements from phosphogypsum.
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