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TRADING UPDATES: Galileo confirms gold zone; Spectral hails results

Wed, 18th Jan 2023 19:03

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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Hutchmed China Ltd - Hong Kong-based biopharmaceutical company - Says Orpathys drug has been included on China's updated National Reimbursement Drug List, following negotiations with the China National Healthcare Security Administration. It was included for the treatment of locally advanced or metastatic non-small cell lung cancer in adult patients with MET exon 14-skipping alterations who have progressed after or are unable to tolerate platinum-based chemotherapy. It will take effect from March 1.

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Firering Strategic Minerals PLC - operator of Atex dual lithium-tantalum project in Ivory Coast - Begins large-scale phase II soil sampling programme at Alex lithium-tantalum project in Cote d'Ivoire. Identifies two new pegmatite zones, one on each side of the main strike. Takes 993 soil samples out of a planned 2,491 samples. "After the successful completion of our Phase I diamond drilling programme and partnering with Ricca for the next phase of exploration, I am pleased to announce that Phase II of our planned soil sampling programme started on 9 January 2023," Chief Executive Yuval Cohen says. "Particularly encouraging are the two new pegmatite zones found and mapped during the soil sampling exercise. Based on the current progress, we believe that our soil sampling programme will be completed ahead of time. I am looking forward to receiving the results and updating the market in due course."

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Galileo Resources PLC - mining company focused on US and Africa - Completes nine angled diamond drill holes at the Shinganda outcrop prospect totalling 1,227.2 metres. Confirms a supergene copper-gold mineralised gossan zone containing malachite, chalcocite, native copper and associated gold mineralisation. "The Shinganda prospect is demonstrating significant potential as a copper-gold exploration project, with very encouraging intersection widths from drilling to date. We are continuing to carry out pitting and trenching on additional nearby targets to demonstrate further potential within the licence area as we pursue our aim of drill testing several of these targets during the first half of 2023. Results to date show that the area is highly prospective, and we look forward to carrying out and reporting on the next phase of work," CEO & Chair Colin Bird says.

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Westminster Group PLC - London-based provider of security services for sensitive places such as ports, airports and commercial buildings - Says that it welcomes the change of management of Freetown Airport at Sierra Leone to SUMMA Airport Ltd. "This is an exciting time for the airport and the country as the Government of Sierra Leone continues its programme of growth and expansion. We look forward to working with Summa as the new airport managers and will continue to deliver world-class airport security operations to the country," the company says.

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Spectral MD Holdings Ltd - London and Dallas, Texas-based predictive analytics for wound care - Says that the interim results for its diabetic foot ulcer clinical study initiated in June 2022 were positive. The diabetic foot ulcer study is currently running at five clinical sites in the US. Adds that its DeepView Wound Imaging System diagnostic accuracy calculated in the interim analysis improved five-percentage points to 86% on day one from the prediction of 50% diabetic foot ulcer size reduction by week four.

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By Abby Amoakuh, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
4 Aug 2022 17:01

IN BRIEF: Galileo Resources to start drilling at Luansobe project

Galileo Resources PLC - London-based mining company focused in the US and Africa - Signs contract for 3,000 metres of core drilling on potentially open pittable copper deposit at Luansobe project in Zambia.

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20 Jul 2022 10:29

IN BRIEF: Galileo Resources shares up on Zambia copper drilling yields

Galileo Resources PLC - London-based mining company focused in the US and Africa - Reports copper assay results of preliminary drilling at Shingada copper-gold project in Zambia.

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30 May 2022 15:07

Galileo issues first update on exploration at Shinganda

(Sharecast News) - Galileo Resources released its first exploration update and information on drill planning over its option and joint venture project covering the Shinganda Copper-Gold Project in Zambia on Monday.

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17 May 2022 21:07

IN BRIEF: Galileo Resources identifies copper zone in Luansobe

Galileo Resources PLC - London-based mining company focused in the US and Africa - At the Luansobe copper project in Zambia, pXRF testing of the historical drill core identifies an upper mineralised zone of moderate copper grade, with some higher grade intervals.

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26 Apr 2022 21:14

IN BRIEF: Galileo Resources starts exploration activities in Zimbabwe

Galileo Resources PLC - London-based mining company focused in the US and Africa - Commences exploration activities at lithium and gold projects in Zimbabwe, with a recon mapping and sampling site visit at Kamativi lithium project set to start immediately.

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30 Mar 2022 18:36

IN BRIEF: Galileo Resources due GBP523,000 for sale of Vermiculite

Galileo Resources PLC - London-based mining company focused in the US and Africa - Confirms that all conditions for Afrimat Ltd to acquire the Vermiculite mining right from Glenover Pty Ltd have been met, and that Glenover has elected that the mining right consideration be paid in cash, of which GBP523,000 is due to the company.

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22 Feb 2022 21:57

TRADING UPDATES: Angling Direct ups revenue; Ceiba takes Omicron hit

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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22 Feb 2022 14:34

Galileo upbeat on modelling progress at Zambia's Luansobe

(Sharecast News) - Galileo Resources reported progress in the modelling of historic drill data at Luansobe on Tuesday, as well as completion of the second payment to the vendors to secure an initial 75% interest in the Luansobe Copper Project in Zambia.

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11 Feb 2022 17:52

IN BRIEF: Galileo Resources shares rise on proceeds from Glenover sale

Galileo Resources PLC - miner with projects in Botswana, Zambia and South Africa - Receives ZAR50.7 million, around GBP2.4 million, from the Glenover asset sale, through the disposal of its indirect holdings via Galagen Pty Ltd to Johannesburg-listed Afrimat Ltd.

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11 Feb 2022 14:52

Galileo gets cash from Glenover, Star Zinc sales

(Sharecast News) - Galileo Resources updated the market on the Glenover asset sale between Glenover and Afrimat on Friday, as well as the sale of the Star Zinc project to Siege Mining.

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11 Feb 2022 11:41

AIM WINNERS & LOSERS: Mycelx sinks 15% despite positive outlook

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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13 Jan 2022 21:12

TRADING UPDATES: Power Metal renewal; Yamana production hits target

TRADING UPDATES: Power Metal renewal; Yamana production hits target

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31 Dec 2021 09:52

Galileo Resources shares drop following release of half-year results

Galileo Resources shares drop following release of half-year results

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30 Dec 2021 15:12

Galileo enters joint venture deal over possible Zambia project

(Sharecast News) - Galileo Resources has entered into a joint venture agreement with private Zambian company Statunga Investments, it announced on Thursday, which holds the Luansobe Project.

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30 Dec 2021 11:29

AIM WINNERS & LOSERS: UniVision Hong Kong contract hits snag

AIM WINNERS & LOSERS: UniVision Hong Kong contract hits snag

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