| Client news:
Oracle Power PLC (AIM: ORCP) announced news from its Western Australian gold assets this week: a proposed drilling programme has been designed for the Northern Zone Gold Project, located only 25 km east of Kalgoorlie in Western Australia. Targeting drilling anticipated to commence in 6-8 weeks, depending on programme of work approval timing and sourcing a drill rig.
Oracle also provided an update on its previously announced geochemical sampling programme, covering almost the entire tenement at its 100% owned Jundee East Gold Project, that is now underway. The CEO of Oracle, Naheed Memon, said that “Jundee East represents an exceptionally exciting prospect for Oracle and this soil samp
Client news:
Oracle Power PLC (AIM: ORCP) announced news from its Western Australian gold assets this week: a proposed drilling programme has been designed for the Northern Zone Gold Project, located only 25 km east of Kalgoorlie in Western Australia. Targeting drilling anticipated to commence in 6-8 weeks, depending on programme of work approval timing and sourcing a drill rig.
Oracle also provided an update on its previously announced geochemical sampling programme, covering almost the entire tenement at its 100% owned Jundee East Gold Project, that is now underway. The CEO of Oracle, Naheed Memon, said that “Jundee East represents an exceptionally exciting prospect for Oracle and this soil sampling programme will continue to lay the foundations for a maiden drill programme later this year.” This new geochemical programme will expand on the maiden geochemical sampling programme which returned the highly positive results.
Tirupati Graphite plc (AIM: TGR) announced that it has signed a Memorandum of Understanding with Hanwa Co. LTD, to expand markets for its suite of flake and speciality graphite products in the Far East. Hanwa, listed on the Tokyo stock exchange (TYO:8078, Mkt cap ¥137.58 billion/GBP 1.18 billion), is a leading Japan-based global trading and investment company and one of the larger traders of battery chemicals and steel products in the Asian region. In recent years, Hanwa, which has a number of subsidiaries and sales bases in the U.S. and around Asia, has signed numerous off-take and partnership agreements with several other international companies.
Vast Resources plc (AIM: VAST) published news of a director share purchase with Brian Moritz, Chairman of the Company, purchasing 200,000 shares increasing his holding.
FastForward Innovations Ltd (AIM: FFWD) had a busy week of investing in three new issues! It has made a further investment of £50,000 in South West Brands Limited, a London-based company that is seeking to establish itself as a multi-brand consumer goods group developed specifically for the CBD industry. South West Brands recently announced it is on the path to listing on the London Stock Exchange. This additional investment, which will help further drive the growth of the company, will also add to their expanding exposure to listed cannabis-focused investments. The Investment takes the total amount invested by FFWD to date to £300,000.
FastForward invested €3 million in Eurox Group, a German-based, European vertically integrated medical cannabis company providing FastForward with direct exposure to a company focused on the German medical cannabis market, by far the largest in Europe. I
Finally, FFWD announced that it has participated in the £2.1 million issuance of Convertible Loan Notes by research-led cannabis healthcare company, CiiTECH Limited. The Company took £175,000 of the issue. CiiTECH is an established company with an outstanding reputation as a consumer facing brand-builder while being dedicated to medical cannabis research. CEO, Ed McDermott, commented that he and the FastForward team “look forward to supporting CiiTECH with its aggressive growth as it advances towards a London listing.”
Cora Gold Limited (AIM: CORA) announced the sixth set of drill results from its largest ever drilling campaign at its Sanankoro Gold Project in Southern Mali. Cora remains on schedule to drill up to 35,000m by end of the programme, with a dual focus on targeting resource growth as well as infill drilling to convert existing Inferred resources to Indicated. The results to date have been extremely encouraging with good widths and high-grade results in generally shallow oxides ORE. Best hole to date was found from Zone A of 19m @ 31.56 g/t Au from 65m and was 50m below existing pit shell.
BlueRock Diamonds PLC (AIM: BRD) owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa, announced its Q2 2021 production update. There was a 48% increase from the year previously in tonnes processed and a 112% increase in carats produced with an average price of US$427.8 per carat, a 48% increase from 2020. BRD’s Executive Chairman, Mike Houston, said, “the Q2 figures are very pleasing with the tonnes processed a record and achieved whilst the operation is transitioning to the new plant. Furthermore, the grade has been consistent and the average size and quality of diamonds excellent as reflected in the sales price achieved.”
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Listen to Cora Gold Limited (CORA) CEO, Bert Monro, interviews with Share Talk where he discusses his latest drill results.
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NHS celebrated its 73rd birthday this week. |
