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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.

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IN BRIEF: Galileo Inks Contract For Sale Of Ore From Star Zinc Project

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Galileo reports 'very promising' results from Kalahari Copper Belt

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IN BRIEF: Galileo Resources Completes All-Share Africibum Buy

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7 Oct 2020 19:09

IN BRIEF: Galileo Names Xtract's Silberstein As New Finance Director

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21 Sep 2020 16:07

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

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17 Sep 2020 21:35

UK TRADING UPDATE SUMMARY: Hutchison China Drug Application Accepted

UK TRADING UPDATE SUMMARY: Hutchison China Drug Application Accepted

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15 Sep 2020 22:08

UK TRADING UPDATE SUMMARY: Mortgage Advice Bureau Launches Later Life

UK TRADING UPDATE SUMMARY: Mortgage Advice Bureau Launches Later Life

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15 Sep 2020 13:42

Galileo buys Africibum to extend Kalahari position

(Sharecast News) - Mining exploration and development company Galileo announced the conditional acquisition of Africibum and its interests in the North East Kalahari Copper Belt project in Botswana on Tuesday.

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12 Aug 2020 12:00

UK TRADING UPDATE SUMMARY: Angus Energy Lands Offtake Pact With Shell

UK TRADING UPDATE SUMMARY: Angus Energy Lands Offtake Pact With Shell

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18 Jun 2020 18:23

DIRECTOR DEALINGS: Galileo Resources Chief Bird Raises Stake To 8.9%

DIRECTOR DEALINGS: Galileo Resources Chief Bird Raises Stake To 8.9%

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1 Jun 2020 14:28

Galileo Resources To Raise GBP900,000 For Project Development

Galileo Resources To Raise GBP900,000 For Project Development

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21 May 2020 15:37

Galileo takes over Botswana copper firm Crocus-Serv

(Sharecast News) - Galileo Resources has completed the acquisition of Botswana-incorporated Crocus-Serv, it announced on Thursday, having satisfied the conditions under the heads of agreement.

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9 May 2020 09:41

Galileo Resources Set To Buy Copper Exploration Licences In Botswana

Galileo Resources Set To Buy Copper Exploration Licences In Botswana

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