9. 29am: Diamond group sparkles
Its shares have jumped 17.07% or 0.18p to 1.2p on the news, which could mean the new discovery linking up with its existing River Blow site.
Chairman John Teeling said: “These are very good results. What was originally a six-hole Reverse Circulation drilling programme going eastwards from the River Blow was led westwards by good ongoing drilling indications, including one hole with an 18-metre intersection of kimberlite.
“An additional six holes brought the drilling close to the River Blow. We fully expect the next phase of drilling to join the two discoveries into one continuous blow. This would double the volume of ore. It is worth noting that the kimberlite dyke system at Thorny River contains an average 60 diamond carats per one hundred tons of ore. We expect the current discovery to maintain that pattern.”
8.27am: Clean energy deal lifts shares by a quarter
The data specialist has jumped 24.58% or 5.8p to 29.4p after its H2 Green subsidiary signed a green hydrogen supply deal with Element Two to supply the latter’s refuelling stations.
Element Two plans to deploy more than 800 pumps across the north of England, Scotland, and Ireland by 2027 and 2000 by 2030.
The agreement between the two companies is designed to accelerate the creation of the UK’s first hydrogen network.
The two have agreed mutual options to co-locate their respective hydrogen refuelling stations and hydrogen production and storage assets.
Getech chief executive Jonathan Copus said: “Green hydrogen will play a key role in the decarbonisation of commercial transportation, and the development of green hydrogen hubs will be a crucial component of our cities’ plans to decarbonise and meet their net zero targets…
“To align our production and distribution strategies, the groups plan to combine H2Green’s position in hydrogen generation and storage and Getech’s state of the art location analytics, with significant data gathered by Element 2 on fuel customer habits..
“These steps are important as we believe they have the potential to accelerate the creation of the first UK-wide hydrogen network, which supports the UK government in the implementation of its energy transition objectives of decarbonisation and green job creation.”
Its shares are up 5.68% or 0.44p to 8.19p on the news.
Chief executive Bert Monro said: “Following on from our maiden results it is extremely pleasing to be reporting further strong results from Sanankoro…It is also worth noting we have updated some preliminary results reported on 22 April with final results which have also shown increased average grades.
“We have now completed over 11,000m of drilling in this programme and during May we are mobilising two further rigs and additionally a booster compressor has just arrived on site. We plan to start drilling deeper holes within a week as we aim to push the shallow inferred resource pit deeper. The current inferred pit shell has an average vertical depth of only 65m, from limited drilling at the time, so we eagerly await the results from these deeper holes once drilled.”
Proactive news headlines
Diagnostics specialist Oncimmune Holdings PLC (LON:ONC) said it has agreed to take back the China and Hong Kong rights to its EarlyCDT product portfolio in a deal that gives its strategic options to tap the US capital markets.
Tharisa PLC (LON:THS), an integrated platinum and chrome producer with operations in South Africa, said it bought Salene Chrome Zimbabwe (Pvt) Ltd for US$3.0mln. Salene Chrome is a development stage, low cost, open pit asset, located in the Great Dyke in Zimbabwe.
Remote Monitored Systems PLC (LON:RMS) said it has begun searching for a new chief executive as it clarified its future direction and strategy targeting growth of sales of its ProLarva face mask and the development of new products at its subsidiary Pharm 2 Farm Limited (P2F).
Redx Pharma PLC (LON:REDX) has appointed a new chief financial officer with both industry and banking experience. Peter Collum, who joins immediately and will be based in the New York area, was CFO and chief business officer of a late-stage biopharma company called Pharmnext, which he joined in 2019 after 17 years with the boutique investment bank, MTS Health Partners.
Eckoh PLC (LON:ECK) has confirmed that trading for its latest financial year has been in line with market expectations with “robust” operating profits despite the challenges of the coronavirus (COVID-19) pandemic.
Mkango Resources Ltd (LON:MKA, TSX-V:MKA) announced that, following the release of the flotation piloting results and commencement of hydrometallurgical piloting, the company will host an investor conference call tomorrow, Thursday 6 May, at 2pm BST, to discuss the release and answer questions.
Zanaga Iron Ore Company Ltd (LON:ZIOC) said the Stage One development of the Zanaga iron ore project could cost between US$2,154mln and US$2,275mln, broadly in line with previous estimates, according to a re-costing exercise.
Applied Graphene Materials PLC (LON:AGM) said it is planning to showcase its latest technological developments in graphene dispersion capabilities over the coming months at two consumer industry events, JEC Composites Connect and the CoatingsTech Conference.
The takeover offer for ADES International Holding PLC (LON:ADES) has now closed, and the remaining shares in the company will now be acquired through compulsory purchase on or shortly after 2 June 2021.
i3 Energy Plc (LON:I3E, TSE:ITE) told investors that its production in Canada outperformed expectations in the first quarter, with output averaging 8,856 barrels oil equivalent per day.
Black Bear Energy Resources Plc (BBER) has hired Tim Lines as the company’s new technical director. The company, in a statement, said Lines will lead the supervision and management of the technical aspects of the company’s critical M&A, drilling, surface facilities, and pipeline initiatives.
Tiziana Life Sciences PLC (LON:TILS)(NASDAQ:TLSA) announced an agreement with Takanawa Japan for a strategic business development plan to identify a clinical partner in Japan and other Asian countries.
NQ Minerals PLC (LON:NQMI, FSE: 44D) said its shares starting trading on the Frankfurt Stock Exchange today, making it one of the first companies with a primary listing on London’s Aquis Exchange to achieve a dual listing.
Scotgold Resources Ltd (LON:SGZ) said some of its directors and an unrelated third party have provided it with a short-term loan of £2mln. The lenders include non-executive chairman Nathaniel le Roux, three non-executive directors and an unrelated third party holding a 3.35% stake in the company.
Coinsilium Group Limited (AQSE:COIN) (OTCQB:CINGF) announce the release of a new investor presentation covering its new ‘venture builder’ business model and its activities in the non-fungible token (‘NFT’) space, available on its website:
https://coinsilium.com/investors/presentations. Chairman Malcolm Palle said: “Coinsilium is now enjoying a period of intense activity ahead of the imminent launch of Nifty Labs, its NFT development studio in Gibraltar. This new investor presentation has been designed to provide a greater market understanding of the scale of the opportunity that lies ahead for Coinsilium, as we recognise that investor awareness and engagement will play a critical role in helping the company achieve its ambitions at the forefront of the burgeoning NFT space.”
Tirupati Graphite PLC (LON:TGR) notified that executive chairman Shishir Poddar and two other board members will provide a live investor presentation via the Investor Meet Company platform on 12 May 2021 at 10am BST.