PGM metals group Eurasia (EUA) gave its M&A news-hungry investors something to tide themselves over in the form of a progress update on the Nyud project.
By Zak Mir
Additional drilling has recently been completed on Nyud at Rosgeo’s cost. Eurasia has engaged Wardell Armstrong International to audit the quality assurance and quality control procedures, review the block modelling and open pit optimisations, and prepare CPR under the JORC Code. The Russia focused miner said it was “delighted” to see tangible progress on its JV with Rosgeo, which is an integral part of its development strategy.
Copper-gold exploration and development company Bezant Resources (BZT) said that further to its announcement regarding its exclusive option agreement with Caerus Mineral Resources (CMRS) to allow the parties to review Caerus extensive portfolio of copper / gold projects in Cyprus with a view to possible joint venture mining operations, it is pleased to confirm that the parties have selected the Projects for the initial exploration and, if appropriate, mining development.
Helium One (HE1) whose share price recently shook out some of its weaker shareholders, announced the completion of its 2021 exploration drilling campaign, saying it had significant new data to move to Phase 2 exploration work at its 100% owned Rukwa Project in Tanzania. The company said that results from Tai-1 have shown a prolific basin with helium shows identified at multiple levels from near surface to basement. Tai-2 has verified the potential for development of newly identified ‘Shallow’ traps within the Lake Bed Formation, which has the capacity to open a pathway to low cost exploration and development of near surface gas deposits.
Latin American focused upstream oil and gas company Echo Energy (ECHO) delivered an operational update regarding its Santa Cruz Sur assets, onshore Argentina, for Q3 2021 until 23 August 2021. The company said that is increasing its liquids production and there are further production upsides as it continues through the programme of reopening previously shut-in wells. This along with the continuing marked upswing in global commodity prices materially increases cashflows enabling reinvestment to further drive growth.
Shorting target and native in-game advertising group Bidstack (BIDS) announced a new partnership with Motionlab Interactive for the mobile game PDC Darts Match. Apparently, this is the only darts game in the world to be fully endorsed by the Professional Darts Corporation and features more than 40 pro players, and presumably even Michael van Gerwan may be aware of the product given that in PDC Darts Match ads will be seen during the walkout sequence before each match and around the dartboard itself during gameplay.
Much followed mineral exploration and development company focused on the Bougouni Lithium Project in Mali and its gold assets in West Africa, Kodal Minerals (KOD), announced its Annual Report for the year ended 31 March 2021. The company said its focus for this coming year will be on the development of its Bougouni Lithium project in Mali. It added that the mining licence application is passing through its final approvals and is expected to receive a mining licence in the near future, which is the final approval needed for the project to be fully permitted for development. Kodal will continue its development plans including the further optimisation and design of the proposed open pit mines, the refinement of the processing flowsheet to include updated metallurgical testwork and the potential scheduling of development.
AIM-quoted oil and gas company Pantheon Resources (PANR) with a 100% working interest in all of its oil projects spanning c. 160,000 acres adjacent and near to transportation and pipeline infrastructure on the Alaska North Slope, revealed news of an investor webinar this afternoon and offered a corporate update. It said that over the recent months, it has announced resource estimates which exceed over one billion barrels of oil recoverable (some may remember – similar to the “Gatwick Gusher”) net to Pantheon, for the Theta West and Shelf Margin Deltaic horizons, which, in management’s opinion, meets the classification of P50 Contingent Resource (Recoverable).
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