Deltic Energy PLC (LON:DELT) has announced a material upgrade to gas estimates for the Selene prospect, part of its North Sea exploration portfolio alongside Royal Dutch Shell PLC (LON:RDSB). Notably, the estimated chance of success has also been lifted significantly (improving by 79%) to now stand at 44% in the P50 case. The new resource estimate sees some 629bn cubic feet of in-place P50 gas resources, with a range set at 286bn in the P90 (the highest confidence) estimate and 1.02 trillion cubic feet in the P10 (most prospective) estimate.
Europa Metals Ltd (LON:EUZ) has signed an agreement with concentrate marketing agent Conrad Partners, in relation to product from the Toral lead, zinc and silver project in Castilla y León, north-west Spain. Conrad Partners has agreed to work with the company to source commercial terms for the potential future supply and sale of concentrate products from Toral. The firm is a leading Hong Kong-based concentrate agent within the industrial metals space, with a track record of structuring agreements and managing concentrate sales for a series of pre-production and producing companies worldwide.
H&T GROUP PLC (LON:HAT) has announced an interim dividend of 2.5p per share despite the challenges and impacts of the coronavirus (COVID-19) pandemic. The group's financial results for the six months ended June 30, 2020, revealed a 26.5% reduction in pre-tax profit to £5mln, while operating profit was 32.9% lower at £5.5mln, and diluted earnings per share dropped to 5p, down from 15p. The pawnbroking firm noted that its net pledge book increased by 4.6% to $5.6mln, while its personal loan book reduced 43% to £10mln.
S & U PLC (LON:SUS) said it has been encouraged by recent trading trends although the British consumer remains “skittish and cautious” as the coronavirus (COVID-10) pandemic continues to impact. The motor finance and property bridging specialist said although the coronavirus pandemic would undoubtedly have an impact on the groups full-year results, it remains profitable and continues to pay dividends. In the Advantage Finance car loan business, sales have recovered from around 40% of normal to nearly 80%.
Sativa Group PLC (LON:SATI) said it has delivered a record month of revenues in July amid what it said was “very strong demand” for a range of sanitiser products through its Goodbody brand. The cannabidiol (CBD) products group said its “strong group sales momentum” had continued over the month with demand from both consumers and corporate clients.
Inspiration Healthcare Group PLC (LON:IHC) said it is confident it will achieve market expectations for the full year after a strong first half. Underlying revenues in the six months to the end of July 2020, were up by around 30% on the corresponding period of last year. The medtech company said it has a healthy order book that has been boosted by several unexpected opportunities as a result of the coronavirus (COVID-19) pandemic, such as the award of contracts to supply ventilators and ancillary services to the National Health Service (NHS).
OptiBiotix Health PLC (LON:OPTI) told investors it is extending the use of its LPLDL probiotic product into a wider range of applications. LPLDL was initially developed and proven as a cholesterol-reducing product, and ongoing scientific work is finding additional new applications. The company noted that potential new product areas include anti-aging products and the development of a cardiovascular health portfolio including a blood pressure (CholBiomeBP) and vascular health product (CholBiomeVH).
Power Metal Resources PLC (LON:POW) said that final preparations for drilling on the Molopo Farms Complex project, which is partially controlled by the company, are now underway. Power Metal holds a 18.26% stake in Kalahari Key, which operates Molopo Farms, and has elected to earn-in to a 40% direct interest in the project by spending US$500,000 on exploration, notably target drilling, in 2020. On completion of the earn-in Power Metal will have an effective economic interest of 50.96% in the MFC Project.
Conroy Gold and Natural Resources PLC (LON:CGNR) is raising £800,000 through a placing and subscription of shares at 25p each. The net proceeds of the financing will be used to support activities in relation to the companys proposed joint venture with Anglo Asian Mining PLC (LON:AAZ), to advance the companys gold exploration activities in Finland, and for general working capital purposes. Each new share carries a warrant to subscribe for one additional share at 35p.
Berkeley Energia Ltd (LON:BKY) has been granted a land-use permit for its Retortillo project by the relevant municipal authorities in Castilla y León, Spain. The permit, known as an Urbanism Licence, is needed for construction works at the Salamanca mine. The Authorisation for Construction for the uranium concentrate plant as a radioactive facility is now the only pending approval required to commence full construction of the Salamanca mine.
AEX Gold Inc. (CVE:AEX) (LON:AEXG) said it has engaged Goldspot Discoveries Corp.(CVE:SPOT) to apply its proprietary workflow and machine learning algorithm to identify new exploration targets on AEX's licence portfolio in southern Greenland. Goldspot will work with AEX's technical team to analyze all available geological and remote sensing data to create high quality multivariate prospectivity maps, enhancing the exploration opportunities for gold mineralization at the properties. The company will also assist AEX's exploration team this year in Greenland with two of its own geologists being deployed to site, thereby increasing the result-oriented machine learning study.
i3 Energy PLC (LON:I3E) confirmed it has raised at least £29mln, with a further £1mln subject to regulatory approval, as it advances its proposed acquisition of assets owned by Gain Energy in Canada. It comes after the oil and gas company last week struck a deal to concurrently sell a package of the Gain assets to a third party, Harvard Energy, for C$45mln (US$33mln) which meant the net acquisition cost was reduced to C$35mln (US$26mln). In the share placing, some 568.4mln new shares are being issued at a price of 5p. The additional placing will see the issue of 12.65mln shares, if approved.
NQ Minerals PLC (AQSE:NQMI) (OTCQB: NQMLF) (OTCQB:NQMIY), the base and precious metals producer from its Hellyer Gold Mine in Tasmania Australia, announced that it has raised £695,389 (gross) at 7p per share from a UK based Institutional investor and a group of private investors for general working capital purposes and the company will issue 9,934,126 new ordinary shares under the equity issue.
Sareum Holdings PLC (LON:SAR) has said it is advancing initial discussions with potential licensees for its pre-clinical tyrosine kinase 2 (TYK2) / Janus kinase 1 (JAK1) inhibitor immunotherapies for autoimmune diseases and cancer. The progress report was provided in the companys latest trading statement, which also provided updates on the two treatments that have commercial backing. Investors were told that investigational new drug-enabling work would be completed for at least one of its TYK2/JAK1 candidates by the end of the calendar year.
Blue Star Capital PLC (LON:BLU) noted that its portfolio firm, Dynasty eSports Pte Ltd, has raised around £1.73mln, at a valuation of £10mln, to further develop its eSports portal management platform. The investment firm said it has participated in the fundraiser, investing a further £225,000 to maintain its 13% holding in Dynasty, taking its total investment in the company to £428,000 and valuing its stake in the group at around £1.3mln.
Panther Metals PLC (LON:PALM) has identified 253 geophysical anomalies at its Big Bear project on the Schreiber-Hemlo greenstone belt in Ontario, Canada, following a recently conducted airborne geophysical survey, with 39 designated for priority investigation. Meanwhile, ongoing sampling, geological mapping and prospecting has identified new hitherto unknown gold in soil anomalies coincident with favourable structural settings interpreted from the magnetic data.
Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) has completed the $A71 million institutional component of its fully underwritten A$98.5 million equity raising at A$0.50 per new ordinary share. The underwritten equity raising comprises the institutional component of the accelerated pro-rata non-renounceable entitlement offer and the institutional placement.
Oriole Resources PLC (Read More – Source
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