The idea that Westminster Group (WSG) could be a recovery situation was given something of a boost with the revelation of director and company secretary share purchases at the managed services and technology-based security solutions group. The latest tally in this respect gas been buying between them of just under 570,000 shares.
By Zak Mir
There was a “solid” update from life science company SkinBioTherapeutics (SBTX). The company said it has made significant progress with its plans to launch AxisBiotix-Ps™ in Q4 2021 and scale-up SkinBiotix to commercial volumes. Perhaps most importantly of all it ended the 12 months to 30 June 2021 with a cash balance of £4.6m (31 December 2020: £5.5m).
One of the year’s stock market darlings, which had a slight bump in the road just recently, was set to regroup. Helium One (HE1) announced the commencement of drilling operations at the Tai-2 exploration well at its 100% owned Rukwa Project in Tanzania. The company said that having proven a working helium system with Tai-1, Helium One have substantially de-risked the Rukwa basin. Demonstration of seal and reservoir, as well as helium shows at multiple stratigraphic levels, indicates a working system in which free helium gas is waiting to be discovered. Earlier this month the stock plummeted on disappointment with regard to “deteriorating hole conditions.”
Oriole Resources (ORR) seems to be stepping up the newsflow frequency. The AIM-quoted exploration company focussed on West Africa, provided an update on the 3,592 square kilometre district-scale licence package in Central Cameroon that was issued to the Company’s 90%-owned subsidiary, Oriole Cameroon SARL, and its 51%-owned subsidiary Reservoir Minerals Cameroon SARL, earlier this year. The minority interests in these companies are held by Bureau d’Etudes et d’Investigations Géologico-minières, Géotechniques et Géophysiques SARL, who have confirmed the company’s 90% beneficial ownership in all of the licences.
AIM listed diamond producer, BlueRock Diamonds (BRD) which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa, seems to be picking the stuff off the ground on an ever-frequent basis. The latest is that it has announced the discovery of a 14.3 carat stone, the third high quality large stone in August to date. The company said it looks forward to reporting on the realised value for the three exceptional stones discovered so far in August following the conclusion of the August tender at the end of this month.
Natural resource project generator, Cloudbreak Discovery (CDL) said that it has identified an exploration partner, 1315843 BC Ltd, for its recently staked Atlin West Project, which targets gold and silver mineralisation in polymetallic vein systems. The Project is located 14 kilometres west-northwest of Atlin, British Columbia northwest of Tagish Lake and covers an area of covering 3,125 hectares. Kyler Hardy, CEO of Cloudbreak Discovery, said, “We are excited to explore the promising Atlin West Project with this group. We believe that modern exploration applied to this claim group could further expand on the geologic picture and understanding of the potential currently only highlighted by limited prospecting to date.”
North America-focused lithium development group, Bradda Head (BHL) said that, as part of its ongoing exploration efforts on the ground in Arizona, it has engaged geophysics contractor Terravision Exploration Ltd to conduct geophysical programmes at the company’s Burro Creek (East and West), Wikieup and San Domingo lithium projects. Bradda Head has recently doubled its landholding on the Burro Creek-Wikieup lithium district to 47km2, and geophysical surveys are a proven, cost effective first stage in identifying prospective drilling areas within known clay beds.
Condor Gold (CNR) said that all assay results have now been received for the 3,370 m drilling programme in the La India starter pit infill and reserve circulation-replacement drill holes completed between December 2020 and June this year. The highlight new drill result is LIDC464 of 6.6 m true width at 10.51 g/t gold.
AIM-quoted resource exploration and development company, Empire Metals (EEE) announced the commencement of a Reverse Circulation drilling campaign at the Central Menzies Gold Project. The drilling campaign follows the successful completion of a soil sampling programme at the Project, and a review of the historical drillhole database which identified two mineralised corridors with elevated gold concentrations, known as the Teglio and Nugget Patch prospects.
Specialist drug development company Sareum (SAR) provided its trading update ahead of its full year results for the year ended 30 June 2021. Sareum expects to report its full audited annual results in October 2021. The company said the past year has seen it advance the preclinical development of its proprietary dual TYK2/JAK1 inhibitor programmes, with the goal of completing preclinical development of SDC-1801 and filing for clinical trials approval by the end of 2021. It was particularly pleased to have raised substantial additional funding during the period, which will be deployed to advance these programmes into clinical development and build a robust data package to support its ongoing partnering activities.
AIM-listed exploration and development company Ariana Resources (AAU) announced recent drilling results obtained from the Karakavak area of the Kiziltepe Sector. Karakavak is part of the Zenit Joint Venture with Proccea Construction Co. and Ozaltin Holding A.S. and is 23.5% owned by Ariana. The company said a resource estimation and the definition of a JORC Exploration Target is now underway.
Gold exploration and development company Panthera Resources (PAT) announced that its associate company, Moydow Holdings Limited has completed the expanded Induced Polarisation (IP) survey at the Kalaka Project in Mali. The survey has enhanced the definition of existing targets as well as identified several additional targets, in particular in the east of the survey area to the east of a prominent interpreted package of graphitic sediments.
Specialist infection prevention and control company Byotrol (BYOT) whose time certainly came with the pandemic delivered its audited results for the year ended 31 March 2021 and its outlook for the current financial year and beyond. The company said the sanitiser market has experienced a period of unprecedented activity as a result of COVID-19, resulting in record financial performance for Byotrol. It believes the increase in anti-microbial awareness and mass-uptake of related products will continue long into the future.
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