RNS Hotlist with Zak Mir: OKYO, XTR, ITX, SCLP, BMN, KAT, AGY, EUZ, GMR, BHL, EST, PPC, BRES, EEE & ZOO

OKYO Pharma (OKYO) a biopharmaceutical company, announced its interim results for the six months ended 30 September 2021. The company said that during the past six months its primary focus has been centered around the decision to move OK-101 forward for the filing of an investigational new drug (IND) application with the FDA to treat dry eye disease (DED). The intention is to focus the Company on rapid clinical development of OK-101 to treat DED.

By Zak Mir 

Xtract Resources (XTR) said that representative drill core samples from the Racecourse and Ascot prospects are being prepared for dispatch to an independent laboratory for metallurgical test work on the Bushranger copper-gold porphyry exploration project. XTR said the metallurgical test work is the foundation stone for on-going feasibility work and the results will be integrated into the conceptual open pit study which will be commenced as soon as the Racecourse inferred resource is updated.

Itaconix (ITX), a plant-based specialty polymers specialist, update the market on trading for the full year to 31 December 2021. The company said it expects to report results in line with market expectations with unaudited revenues of $2.6 million and net cash of $0.7 million as at 31 December 2021.

Scancell Holdings (SCLP), the developer of novel immunotherapies, announced its interim results for the 6 months ended 31 October 2021. The company said it was reporting a period of strong operational progress for Scancell with two vaccine candidates now in the clinic. Post-period, it has dosed its first patient in the SCIB1 Phase 2 clinical trial and looks forward to recruitment accelerating once the impact of COVID-19 on the NHS is reduced.

Bushveld Minerals (BMN), the AIM quoted, integrated primary vanadium producer, provided an operational update for the fourth quarter and 12 months ending 31 December 2021. The company said it was reporting another solid set of quarterly operating results, this time for the final quarter of 2021. The focus is on stable, achievable production levels helping it reach the upper end of the full year revised guidance and meet the unit cost guidance, pursuant to the rebasing in H1 2021.

Katoro Gold (KAT), the gold and nickel exploration and development company, updated the market on the Haneti Project diamond drill programme, in which it holds 65% ownership interest with 35% held by Power Metal Resources (POW). KAT said the drill rig has successfully been deployed and drilling on the 1000-meter programme has now commenced.

Allergy Therapeutics (AGY), the commercial biotechnology company, said that the FDA has cleared the Group’s Investigational New Drug application (IND) for its novel virus-like particle (VLP)-based peanut allergy vaccine candidate. The clearance by the FDA of the Group’s IND application paves the way for the initiation of the Phase I PROTECT trial which will be run in the United States.

Europa Metals (EUZ), the European focused lead, zinc and silver developer, delivered details of the planned work during the first half of 2022 at the company’s wholly owned Toral lead, zinc and silver project in the Castilla y León region, Spain. The company said its focus is on advancing Toral in a cost-effective manner and delivering on a work programme designed to further de-risk the project and maximise the efficiency of the proposed early years’ production profile.

Gaming Realms (GMR), the developer and licensor of mobile focused gaming content, announces a pre-close trading update for the full year to 31 December 2021. The company is pleased to confirm that it expects to report FY21 revenue of c.£14.5 million and adjusted EBITDA of c.£5.6 million, up 27% and 70% respectively year-on-year. This strong performance was driven by the continued growth of the Group’s licensing business that, during FY21, launched in two new U.S. regulated iGaming markets of Michigan and Pennsylvania, and with thirty-five new partners internationally.

Bradda Head Lithium (BHL), the North America-focused lithium development group, announced the final assay results from the Company’s 100%-owned Basin East Project have been received, further emphasising the opportunity for resource growth at this target site. The company said the results not only provide further confidence to its geological model but also add value and the potential to add further resources to our previously-reported numbers of 185kt of LCE.

East Star Resources (EST), the Kazakhstan-focused gold and copper explorer, announced the first batch of assay results from reconnaissance Reverse Circulation (RC) drilling undertaken in September 2021 on the Apmintas Licence in the Chu-Ili Gold Belt in central Kazakhstan. The results include a “discovery hole” at the first drill target at “Novoe” returning 63 meters at 4.51 g/t Au from surface. The company said it was “delighted” to report outstanding high-grade intersections from the first set of assay results received from our 51-hole September 2021 drilling programme. The discovery hole shows high grade gold hosted within near vertical stockwork mineralised zones close to surface. Four higher grade veins include a bonanza grade zone of 2m at 131.4 g/t.

President Energy (PPC), the international energy company, provided an update on its interests in Salta, Argentina. PPC said that the non producing exploration areas of Matorras and Ocultar have been relinquished and the work commitments transferred to the producing Puesto Guardian Concession. The transfer of the work commitments to Puesto Guardian totalling in value US$2.61m, is approximately the cost of one production well in addition to the current three well programme.

Blencowe Resources (BRES) announced an update on all activities for 2022 as it seeks to drive its flagship Orom-Cross Graphite Project towards first production in 2023. The company said there is an “enormous quantum” of work underway in all areas related to the Orom-Cross Project. continuing to value-add to this “exceptional” graphite project as we drive towards first production next year. BRES expects considerable news flow from all these areas as noted above during the first quarter of 2022.

Empire Metals (EEE), the AIM-quoted resource exploration and development company, said it has agreed Heads of Terms to enter into a Tribute Agreement with Maher Mining Contractors Pty Ltd, giving Empire the right to explore, develop and mine within a granted area on Maher Mining’s 100% owned mining lease M27/158, located near Gindalbie, and adjacent to Empire’s Eclipse Gold Project.

ZOO Digital Group (ZOO), a provider of cloud-based localisation and media services, provided an update on current trading and outlook for the financial year ending March 2022. Revenues for the full year are now expected to be at least $57 million (FY21: $39.5 million, +44%), with growth in the second half over the first half of at least 11%, and at least 29% ahead of H2 2021. The expected revenue growth has been driven by both new territory launches and the return of new productions, and as a result, localisation revenues are expected to grow by at least 55% and media services by at least 30%.

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion


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