Asiamet Resources Limited (LON:ARS, CVE:ARS) kicked off a 9,000m resource definition drill programme at the Beruang Kanan Main copper project in Indonesia with a view to posting an updated estimate before the end of the third quarter of 2016.
It follows a positive preliminary economic assessment for the copper project and is part of the feasibility study process.
In other news, financial results from CentralNic Group Plc (LON:CNIC) showed the web domains group continued to add scale to its business, something that will be further boosted by the recent acquisition of Instra Group, which was acquired in January. The deal is seen as ‘transformational’ by chairman Mike Turner.
Over at Eurasia Mining (LON:EUA), it farmed out the mining of its West Kytlim alluvial platinum deposit in the Urals to local Russian firm SKRS. The firm will be responsible for construction and processing ore from the Malaya Sosnovka sub-area at West Kytlim in return for a 70% share of revenue.
Royalties in the first quarter to March dropped to £1.9mln (£2.3mln) but, like 2015, income is expected to be heavily weighted towards the second half of the year said Julian Treger, chief executive.
Elsewhere, Graphene NanoChem (LON:GRPH) received a firm order for PlatSurF, its oilfield recovery additive, for a 16 - 18 wells drilling programme in Myanmar.
It is the company’s first contract in Myanmar with the initial four well order worth just under US$200,000.
The most recent week was a record for the year, with turnover at levels not seen since last July. Retail card loads and spending are both running ahead of 2015.
Over at e-Therapeutics plc (LON:ETX), the drug discoverer told the AGM today that it remained well funded and focused on commercialisation of compounds created by its proprietary drug discovery platform.
The two most advanced discovery compounds are approaching lead candidate selection with the expectation that the most advanced will enter preclinical development in the coming months, the group said.
Rich Energy will use eva to record user-generated video content in a private channel that is due for public release at the start of June.