Caracal Gold (GCAT), the gold producer with operations in East Africa, announced its Financial Results for the 18-month period ending 30 June 2022.
The company said its strategy is to become a mid-tier, leading independent, diversified producer and explorer. It plans to develop and exploit its portfolio of producing and advanced exploration projects in Kenya and Tanzania.
Gunsynd (GUN) announced an operational update for one of its investee companies, Rincon Resources Limited. Gunsynd said it was very pleased to see that Rincon received a preliminary high-level report from independent consultant Resource Potentials highlighting the similarities between Rincon’s Pokali Prospect and an exciting new Niobium Rare Earth (REE) discovery by WA1 Resources Limited (ASX: WA1) located about 87km NW of Pokali.
Horizonte (HZM), a nickel company developing two Tier 1 assets in Brazil, revealed a TR1 which showed that Glencore (GLEN) has risen from 9.8% to 17.835% on its shareholder register.
Ithaca Energy (ITH) announced the successful pricing of its IPO at 250p. Ithaca Energy’s market capitalisation will be approximately £2.5 billion at the commencement of conditional dealings on the main market of the London Stock Exchange. Conditional dealings are expected to commence on the LSE at 8:00 a.m. on 9 November 2022 under the ticker “ITH”.
Great Western Mining (GWMO), which is exploring and developing gold, silver and copper targets in Nevada, announced the results of an independent initial Mineral Resource Estimate for the Olympic Gold Tailings project as well as Exploration Targets for stockpile and spoil material at the Olympic Gold Project and Mineral Jackpot Project, Nevada USA. The company said this independent assessment of the pre-mined material so far identified on its claim groups in Nevada strongly reinforces its confidence in being able to generate revenues from gold and silver through the Western Milling LLC joint venture recently announced.
Bradda Head Lithium (BHL), the North America-focused lithium development company, announced that it has received approval to list on the TSX-V Exchange. Trading will be effective from market open on the 10th November 2022 under the ticker BHLI.
East Star Resources (EST), the Kazakhstan-focused explorer, announced the completion of a three and a half month diamond core drilling programme on the Company’s two Chu-Ili orogenic gold belt licences in Kazakhstan. The company said shallow recordings of sulphides on the Alatagyl target also demonstrate a good indication of potentially gold bearing mineralisation.
Coro Energy (CORO), the South East Asian energy company, announced the resumption of production at the Bezzecca gas field in Italy. The well demonstrated strong pressure support, giving good indications for production performance in line with previously announced expectations of c.15,000 scm/d. Stabilized production rates will be provided following an initial period to allow the necessary time for gas processing parameters to be adjusted.
GreenX Metals (GRX) and its JV partner Greenfields Exploration Ltd announced the results from the first site visit to the Arctic Rift Copper Project (ARC) in Greenland. The company said the results of this work program have demonstrated the high-grade nature of the known copper sulphide mineralization, and wider copper mineralization in fault hosted Black Earth zones and adjacent sandstone units.
Harland & Wolff Group (HARL), the UK quoted company focused on strategic infrastructure projects, announced that it has entered into an exclusive term sheet with Astra Asset Management UK (Astra) Limited for the proposed refinancing of the Group’s credit lines. Currently, the proposed committed facility within the executed term sheet is £70 million and both parties will be working together to increase this to £100 million in due course.
Edenville Energy (EDL) provide an update on operations at its Rukwa Coal Project in Tanzania. Following the recommencement of production at Rukwa. The company said the works undertaken to upgrade the wash plant have yielded positive results, with the wash plant regularly running at the targeted base-case output of c.100 tonnes per day, which achieves the Company’s initial target of 4,000 tonnes per month.
Cizzle Biotechnology (CIZ), the UK-based diagnostics developer, noted the announcement by Conduit Pharmaceuticals that they intend to become a publicly traded company on NASDAQ. Cizzle Biotechnology announced on 29 February 2022 that it has entered into a definitive agreement with Conduit and St George Street Capital Limited to acquire a further 5% economic interest in the commercialisation of the AZD 1656 asset or other such assets being developed by Conduit or SGSC for a total consideration of £1.88m.
Europa Metals (EUZ), the European focused lead, zinc and silver developer, announced further assay results from its recently completed diamond drilling programme at the Company’s 100% owned Toral Pb, Zn & Ag project. The company said Hole TOD-042 contained the highest grade intersection that it has drilled to date at Toral with over 5m in excess of 20% Zn equivalent representing a fantastic result. This included some samples running over 40% primary Zn.
SRT Marine Systems (SRT), a global provider of maritime monitoring systems, announced that it has signed a contract with a new customer to provide a national Coast Guard in SE Asia with an initial SRT-MDA System maritime monitoring system.
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