These results are from holes drilled into the southern, deeper extension to the current Indicated Resources and show potential for increasing both the tonnes and average grade of the resources at this deposit.
Digital media specialist Brave Bison PLC (LON:BBSN) has ended merger talks with publisher Zinc Media PLC (LON:ZIN) and appointed Warner Television UK's Claire Hungate as its new chief executive. Shareholders in both companies seemingly welcomed the ending of the discussions, with Bison up 10% to 1.24p and Zinc almost 12% higher at 0.95p.
Ergomed Plc (LON:ERGO), the drug development and pharma services company, has brought forward the reporting date for top-line results for its phase-IIb trial of a potential blockbuster blood thickening agent. bp may 3
Braveheart Investment Group PLC (LON:BRH) enjoyed an ‘exceptional’ year as it moved from a significant loss to a profit. The turnaround was in part due to the sale of a stake in one of its investee companies, mLED, a developer of ultra-high brightness technology. BP just completed
Ferrum Crescent Ltd (LON:FCR) has beefed up the technical contingent of its management team with the appointment of Myles Campion as a technical consultant. A geologist and fund manager, Campion's financial experience ranges from Australian and UK equities research through to project and debt financing in London, said Ferrum.
LekOil Limited (LON:LEK) highlighted its transition into a fully-fledged oil production company, with the ramp-up of the Otakikpo asset. In the financial results statement, for the twelve months to December 31, the Nigerian oiler emphasised its continuing commercial production at Otakikpo where a US$15mln offtake deal with Shell is providing the liquidity to complete the planned ramp-up to 10,000 bopd.
Goldplat PLC’s (LON:GDP) Kilimapesa gold mine in Kenya is now operating profitably with a processing plant upgrade also now in the commissioning stage. A throughput of 120 tonnes per day of ore during May was on target, it said, as stockpiled fine material and a spare crusher were utilised while the new crusher and leach tanks were installed.
Unconventional gas group Highlands Natural Resources Plc (LON:HNR) is to focus on the East Denver Niobrara project in Denver, where it will seek a partner to help develop it. Losses in the year to March were US$3.37mln. The group has also landed its first US patent for its DT Ultravert well services technology.
Greatland Gold plc (LON:GGP) noted Antipa Minerals (ASX:AZY) has reported positive high-grade gold results from its drilling campaign at its Minyari Dome Project, approximately 35km along strike from Greatland's Havieron project.