Traders Cafe with Zak Mir: XTR, KNB, PHE, PAT, CORA, ARB, CMRS, JLP, BZT & JAY via Vox Markets

Xtract Resources (XTR) reminded its followers that it has more under its sleeve than Bushranger. It provided an update on the Phase 2 drilling programme at the Eureka copper-gold deposit on small scale mining licence number 22134-HQ-SML located in the Central part of The Republic of Zambia.

By Zak Mir

It reported further assaying from the Phase 2 drilling programme at Eureka confirming continuity of the copper deposit over approximately 300m strike extent – open to the west-northwest. Samples from the final holes of the Phase 2 programme, along with sample extensions in some of the earlier holes are currently with the laboratory for assay.

Medical cannabis R&D Company Kanabo (KNB) said it notes the recent announcement published by Materia. Materia’s wholly-owned subsidiary, Materia Malta Operating Ltd has received its Licence for the Production of Cannabis for Medicinal and Research Purposes from the Malta Medicines Authority. The receipt of the Licence is the final requirement for Materia Malta to begin commercial production and export of medical cannabis for commercial purposes.

UK technology company commercialising hydrogen production from waste plastic, Powerhouse Energy (PHE) announces that its partner, Hydrogen Utopia International (HUI), that has exclusivity rights over the Company’s DMG technology in Poland, Greece and Hungary has closed a fundraise on 9 September 2021 of £2.2 million. HUI intends to use the funds raised to purchase long lead items to build a basic syngas model for the first proposed operating plant in Konin, Poland which would use Powerhouse DMG® technology as a proof of concept.

Diversified gold exploration and development company Panthera Resources (PAT) announced assay results for the exploration drilling programme at the Labola Project in Burkina Faso by its associate company, Moydow Holdings Limited. Four exploration holes along strike of known mineralisation have returned mineralisation including fire assay intercepts of: 4m @ 19.7g/t Au from 92m and 3m @ 3.46g/t Au from 48m followed by 4m @ 3.09g/t Au from 57m. The results anticipated to be incorporated into the maiden resource estimate currently being prepared.

High flying West African focused gold company Cora Gold (CORA) announced the eleventh set of drill results from its drilling campaign at its Sanankoro Gold Project in Southern Mali. The company is focussed on targeting resource growth as well as infill drilling to convert existing Inferred resources to Indicated. Cora said the results to date have been extremely encouraging with good widths and high-grade results in generally shallow oxides ore.

Crypto miner Argo Blockchain (ARB) said that it has commenced an initial public offering of 7,500,000 American Depositary Shares, representing an aggregate of 75,000,000 ordinary shares. Each ADS represents 10 ordinary shares of Argo Blockchain. The last closing price of Argo Blockchain’s ordinary shares on the London Stock Exchange Main Market was £1.334 on September 10, 2021. The ADSs are being offered in a registered public offering in the United States. Argo Blockchain has applied to list the ADSs on the Nasdaq Global Market under the ticker symbol “ARBK.”

Cyprus focused exploration and resource development company Caerus Mineral Resources (CMRS) updated on Jubilee Metals Group (JLP) and Bezant Resources (BZT) Option and prospective Joint Venture Agreements. The thorough programme of metallurgical test work being undertaken by Jubilee under the terms of the Option Agreement, is progressing well and will continue to identify and optimise mineral processing options, leading to a blueprint for plant design. The final details of a JV will be determined by the tonnage, grade and origin of feedstock to be delivered by Caerus to a Jubilee-designed processing plant. Bezant has completed a high-level review of all projects in the Caerus portfolio and the parties have agreed on work programme priorities.

Exploration company with projects in Greenland and Finland, Bluejay Mining (JAY) announced its Interim Results for the six months ended 30 June 2021. The company said that its JV Agreement with KoBold is “momentous” – helped along by its all-star cast of investors. Bluejay said it has consolidated licences over several of the most promising metal occurrences in all of Greenland enabling it to attract and deliver on globally significant strategic partners on globally significant projects in safe and stable locations.

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.


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