There was more from Xtract Resources (XTR) late on Thursday as it said that laboratory assays have been received from the second drill hole (BRDD-21-007) completed on the Phase Two diamond drilling programme at the Racecourse Mineral Resource on the Bushranger copper-gold exploration project, at the Lachlan Fold Belt of New South Wales, Australia.
By Zak Mir
Assay results for the second angled hole of the Phase 2 drilling programme at the Racecourse porphyry deposit have given further confirmation of the high-grade copper porphyry potential of the deposit, with the first two holes returning very encouraging results with thick copper intersections.
Market newbie Caracal Gold (GCAT) continues to build on its flying start. The gold producer with operations in East Africa, updated on its ongoing exploration activities at its producing Kilimapesa Gold Mining and Processing Operations in Kenya. Here it is advancing an initial shallow trenching programme on high priority targets on the newly targeted Southern Mineralized Zone ahead of the commencement of its planned RC and diamond drilling programmes later in the year. The company said its focus at Caracal is on becoming a +50,000oz p.a. producer and building a JORC compliant resource base of +3Moz within the next 12-18 months. It will also be engaging in an aggressive acquisition strategy, as well as developing its licenses at Kilimapesa where the potential to increase the resource base is significant.
Anglesey Mining (AYM), the UK minerals exploration and development company, revealed a placing and the commencement of the next work programmes at both the Parys Mountain Cu-Zn-Pb-Ag-Au project on the isle of Anglesey and the Grängesberg Iron Ore Project in Sweden. The fund raising secures additional £768,230 at a price of 3.4p. CEO Jo Battershill has subscribed for 1,565,588 shares at the placing price as part of the fundraising.
Global pharmaceutical Services and Products company, Clinigen (CLIN) signed an exclusive agreement with Humanigen, Inc. to implement a Managed Access Program for lenzilumab. Once set up the program will enable access to lenzilumab on a case-by-case basis for hospitalized patients with COVID-19 where the treating physician deems there to be no suitable alternatives and where regulations allow.
Tortilla Mexican Grill (MEX), will make its debut on AIM today at 8.00 a.m. under the ticker “MEX”. Health freaks will note that Tortilla says it offers a high-quality, affordable and freshly prepared California-style Mexican menu comprising high quality, fresh and customisable products including burritos, tacos and salads.
Cora Gold Limited (CORA) the West African focused gold company, announced the twelfth set of drill results from its +40,000m drill campaign at its Sanankoro Gold Project in Southern Mali. The company focused the drill campaign on both resource growth as well as infill drilling to convert existing Inferred resources to Indicated. The drill results have continued to be extremely encouraging throughout the campaign with high-grade results in generally shallow oxide ore.
Trident Royalties (TRR), the mining royalty and streaming company, noted the recent announcement by Lithium Americas Corp. regarding positive progress at the Thacker Pass Lithium Project, in Nevada, USA. Trident holds a 60% interest in a gross revenue royalty 2 over the entirety of the Project. Lithium Americas has released a significant update to the Thacker Pass Mineral Resource Estimate- more than doubling the size of the MRE.
Premier Miton Group (PMI) underlined the pandemic induced Gold Rush in small caps, with its unaudited statement of Assets under Management for the fourth quarter of its financial year. This showed significant positive turnarounds in all the key metrics. £13.9 billion closing AuM at 30 September 2021 (30 September 2020: £10.6 billion). £830 million of net inflows for the year (Year to 30 September 2020: £619 million net outflows) and £120 million of net inflows for the Quarter.
Dekel Agri-Vision (DKL), the West African agriculture company, provided a September and Q3 2021 production update for its 100% owned Ayenouan palm oil project in Côte d’Ivoire. September and Q3 2021 saw a continuation of the recent run of improved production, sales and pricing results in our core CPO business. Dekel said CPO prices continue to remain very strong with average prices achieved in Q3 2021 of €950, a 72.7% increase in average realised CPO prices compared to August 2020.
Strategic Minerals (SML) which describes itself as a profitable producing mineral company, updated on the funding of the Leigh Creek Copper Mine project and progress on addressing the conditional elements of the project’s Program for Environmental Protection and Rehabilitation. It said negotiations on the provision of a minimum $10m loan facility to LCCM, guaranteed by the company, are being progressed with a top global bank.
NFT Investments (NFT), an incubator specialising in the market for non-fungible tokens, where punters are perhaps waiting on the shares to get back towards their initial 8p peak, unveiled an investment of $1.4million into Sturdy Exchange. Sturdy is a marketplace to display, collect and trade NFTs created by artists and performers. The investment is being made as part of a seed round to raise a total of $20 million by US incorporated Sturdy Exchange.
Energy storage and clean fuel company, ITM Power (ITM) continues to ride the green gravy train. It announced that the Refhyne II consortium has been awarded a grant of €32.4m by CINEA for the development of a 100 MW electrolyser to be sited at Shell’s Energy and Chemicals Park, Rheinland. The Refhyne II consortium comprises Shell Deutschland GmbH, ITM Power and ITM Power GmbH, Linde Engineering, ITM Linde Electrolysis GmbH, Fundacion Tecnalia Research & Innovation, Element Energy and Concawe, and is coordinated by Sintef AS.
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