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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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23 Aug 2019 10:07

Galileo Resources narrows losses as it cuts operating costs

(Sharecast News) - Galileo Resources said on Friday that its annual losses narrowed as it focuses on the development of its Star Zinc project in Zambia.

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21 Aug 2019 15:45

Galileo To Seek Permit For Zambian Project After Resource Report

(Alliance News) - Galileo Resources PLC on Wednesday said that it will apply for a mining permit after a final mineral resource estimation affirmed reports of a high zinc grade at the Star Zinc in

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21 Aug 2019 12:05

Galileo Resources to apply for mining permit for Zambia zinc project

(Sharecast News) - Galileo Resources is set to apply for a mining permit for its Star Zinc Project near Lusaka, Zambia, after completing an initial inferred resource estimate on Wednesday that supported its initial estimates.

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26 Jun 2019 15:15

Galileo Says Study Confirms High Grade Zinc At Zambian Project

(Alliance News) - Galileo Resources PLC on Wednesday reported the completion of an independent initial inferred resource estimate and said the report confirms the previously announced exploration

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24 Jun 2019 15:50

Galileo Resources exercises right to acquire rest of Enviro Zambia

(Sharecast News) - Galileo Resources announced on Monday that, under the binding heads of terms it announced on 13 September last year, it has exercised its right at its sole election and risk to proceed to the completion of the proposed transaction, acquiring the Kabwe residual rights - including the Kashitu Zinc willemite exploration prospect - and the remaining 15% of the shares that it did not already hold in Enviro Zambia.

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24 Jun 2019 11:06

Galileo Resources Ups Stake In Zambian Zinc Project To 95%

(Alliance News) - Galileo Resources PLC on Monday said it has raise its interest in the Star Zinc project to 95% from previous 80.75%, with the Zambian government holding the remaining exploration

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12 Jun 2019 13:01

Galileo Resources To Return To South African Rare Earths Project

(Alliance News) - Galileo Resources PLC on Wednesday said it would be well-placed were China to restrict the export of rare earth minerals.China has threatened to choke the supply of rare a

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1 May 2019 11:39

Galileo Resources To Start Supply Deal Talks With Jubilee Metals

LONDON (Alliance News) - Galileo Resources PLC is to start off-take agreement talks with Jubilee Metals Group PLC for Galileo's Star Zinc project, Galileo said on Wednesday.Jubilee the

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17 Apr 2019 09:59

Galileo Resources Placing Raises GBP500,000 For Star Zinc Project (ALLISS)

LONDON (Alliance News) - Galileo Resources PLC said Wednesday it has completed a 100.0 million share placing to raise GBP500,000 to advance its Star zinc project in Zambia.The shares were a

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