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Proactive news highlights: African Potash, Berkeley Energia, KEFI Minerals, Motif Bio and more...

Published: 01:33 14 Jul 2016 AEST

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Clean energy group Berkeley Energia Limited (LON:BKY) announced that trading of its shares will be halted on the Australian Securities Exchange until July 15, pending the announcement of a definitive feasibility study at the Salamanca project.

Trading in the company's ordinary securities will continue as normal on AIM during this period.

In other news, Tethys Petroleum Limited (LON:TPL) has appointed Alexander Skripka as chief commercial officer.

Skripka is director and shareholder of Olisol Petroleum Limited, which owns 15.8% ordinary shares of Tethys. He has actively worked with Tethys management for over six months in all aspects of the company.

Elsewhere, Metals Exploration Plc (LON:MTL) reported that the Runruno gold project has resumed milling operations.

Test running and debugging operations as part of the commissioning and ramp-up program will now continue, said the gold miner.

KEFI Minerals (LON:KEFI) has shuffled its board as it negotiates over finance to build its Tulu Kupi gold project in Ethiopia.

Mining and corporate finance veteran Mark Wellesley-Wood is to join as a non-executive director and head up a new technical review committee.

Fertiliser  trader African Potash Ltd (LON:AFPO) has already seen revenues from a deal struck with Nutri-Aid Trust, an organisation working to develop a dealer network at village level across Zambia.

African Potash will take part in the supply network, serving 2,500 outlets, which each serve around 300 farmers with fertiliser.

Rare Earth Minerals plc’s (LON:REM) portfolio company Macarthur Minerals has agreed a conditional farm-in of its lithium acreage at Ravensthorpe in Australia.

A Canadian lithium group will take an initial 51% stake in the Macarthur acreage for A$2mln expenditure.

Metal Tiger Plc (LON:MTR) has highlighted the latest exploration update from its 30% owned project in the Kalahari Copper Belt, Botswana.

Soil sampling has identified several copper anomalies. The work focussed on three target areas all of which are located to the north of the more advanced T3 resource target.

Over in biotech, the scientific community have highlighted the potential of Scancell Holdings Plc’s (LON:SCLP) in-development cancer vaccines.

Scancell’s technology – which promises a completely new class of immuno-oncology therapeutics – has been peer reviewed in a scientific journal.

And finally, Motif Bio Plc (LON:MTFB) has unveiled plans to raise up to US$60mln from US investors.

It is seeking permission to issue American Depositary Shares (ADS) that will be traded on the NASDAQ exchange.

 

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

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