Vela Technologies (VELA) remains in focus, this time off the back of noting the announcement by Sprintex (ASX: SIX) of its collaboration agreement with Aeristech.
By Zak Mir
This will facilitate Sprintex’s penetration into the high-growth and lucrative hydrogen energy and clean air markets. In February Vela announced that it had invested £350,000 into Aeristech as part of Aeristech’s £5.1 million pre-IPO funding round.
Reinvigorated Thor Mining (THR) said that drilling has commenced at the Kapunda Copper ISR Project in South Australia. EnviroCopper Ltd in which Thor holds a 30% equity interest), in collaboration with MinEx CRC, is undertaking aCoiled Tube drilling program at Kapunda. Drilling is targeting copper-gold mineralisation approximately 30m from the planned in-situ recovery push/pull test site to the south of Kapunda township.
AIM-quoted exploration company focussed on West Africa, Oriole Resources (ORR) provided an update on its Senala project in Senegal. Further to the company’s announcement on 18 August 2021, which reported results of up to 35.00m grading 3.61 grammes per tonne gold from the Phase 1 reverse circulation drilling programme at Faré. The company reported the remaining results from that programme, as well as initial results for the Phase 2 RC drilling at Madina Bafé where 3,111m of a planned 5,000m programme has been completed to date. The remainder of the programme at Madina Bafé will be drilled in Q4 2021.
UK based oil and gas company, Hurricane Energy (HUR) provided an update on Lancaster field operations and net free cash balances as of 31 August 2021 when it had net free cash of $144 million, compared to the last reported figure of $122 million as of 31 July 2021. As of 15 September 2021, Lancaster was producing c.10,800 bopd from the P6 well alone with an associated water cut of c.33%. Kavango Resources (KAV) maintained its place in the current copper gold rush. The exploration company targeting the discovery of world-class mineral deposits in Botswana, announced the renewal of Prospecting Licences PL082/2018 and PL083/2018 in the Kalahari Copper Belt. The LVR Project is held in a Joint Venture between the company and LVR GeoExplorers (Pty) Ltd. Kavango is currently earning into the LVR Project and has to date acquired a 25% stake.
UK based diagnostics developer, Cizzle Biotechnology (CIZ) said that it has entered into a new research agreement with the University of York for the development and validation of molecular tools with potential applications in cancer diagnosis and therapy. The company’s wholly owned subsidiary Cizzle Biotechnology Limited was a spin out from the University of York. Cizzle said that the new agreement will provide valuable additional resource and capability for developing its blood test for the early detection of lung cancer, and potentially other forms of cancer.
CBD and hemp product supplier Love Hemp (LIFE) looks to have shifted up a gear on the fundamental front as it received its initial order from Amazon. Love Hemp said it was invited by Amazon to join its limited range of CBD products listed on amazon.co.uk. A number of Love Hemp SKUs have been ordered by Amazon and will be available to purchase on amazon.co.uk shortly. The Company expects this available product range to increase as the authorisation process continues.
Prospex Energy (PXEN), where there is currently never a dull moment, continued to keep itself in the limelight. The AIM-quoted investment company focused on European gas and power projects, said that it has now received advice from independent legal counsel on relevant share authorities relating to certain prior issues of Ordinary Shares in the Company. This counsel concluded that the then directors, albeit acting in good faith, nevertheless acted in error and did not have sufficient available share authorities to issue all of the 50,000,000 new Ordinary Shares issued in the March 2021 placing.
Condor Gold (CNR) said that drilling has been completed and all assay results returned from exploration drilling at the Cacao Prospect. Fifteen drill holes for 3,500 m were completed to test the geological concept that the near surface gold mineralisation at Cacao is the top of a fully preserved epithermal gold system. The result is a wide zone of high-grade gold mineralisation intercepted below the current mineral resource, and a wide low-grade gold anomaly identified along strike of the outcropping mineralisation that may be the top of a completely hidden, deep-seated extension of the Cacao epithermal gold system. Follow-up drilling is being planned to test both targets at greater depths.
IQ-AI (IQAI) announced the sale of multiple licenses of Imaging Biometrics software for the automated generation of quantitative perfusion maps. The sales consist of renewal licenses for established clients and a new installation of IB Clinic at the Eastern Alabama Medical Center.
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