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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.ย 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
15 Oct 2018 10:59

Galileo Resources Completes Phase Two Of Star Zinc Drill Programme

LONDON (Alliance News) - Galileo Resources PLC on Monday said it has completed the second stage of its diamond drilling programme at the Star Zinc project in Zambia.The miner, which owns of

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13 Sep 2018 12:50

Galileo Resources Buys Enviro Zambia, Kashitu And Kabwe Licence (ALLISS)

LONDON (Alliance News) - Galileo Resources PLC on Thursday said it agreed to buy the Kabwe residual rights from BMR Group PLC for up to GBP375,000.The Kabwe residual rights include Kabwe in

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5 Sep 2018 14:12

Galileo Resources Annual Loss Narrows On Lower Expenses

LONDON (Alliance News) - Galileo Resources PLC on Wednesday said its loss narrowed in its most recent financial year due to a reduction in expenses and a profit from investments.In its year

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14 Aug 2018 13:34

Galileo confirms start of second drilling programme at Star Zinc

(Sharecast News) - Galileo Resources announced the commencement of a second diamond-drilling programme on its "highly prospective" 85%-owned Star Zinc Project in Zambia on Tuesday.

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14 Aug 2018 13:27

Galileo Resources Starts New Diamond-Drilling Programme In Zambia

LONDON (Alliance News) - Galileo Resources PLC said Tuesday it started a new diamond-drilling programme at its 85%-owned Star Zinc project in Zambia.The company said that drilling is for of

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23 Jul 2018 13:09

Galileo Resources To Shortly Commence Drilling At Star Zinc Project

LONDON (Alliance News) - Galileo Resources PLC said Monday that it will "shortly" commence drilling at its Star Zinc Project in Zambia, after receiving positive results from an company a

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1 May 2018 13:47

Galileo Resources Making Good Progress On Glenover Supply Talks

LONDON (Alliance News) - Galileo Resources PLC on Tuesday said progress is going well on securing a definitive supply agreement for raw phosphate rock from its Glenover project.In early it

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15 Feb 2017 16:08

Galileo begins drilling programme at Concordia.

(ShareCast News) - Galileo Resources announced the commencement of a drilling programme for its Concordia Copper project in the Northern Cape Province of South Africa on Wednesday. The AIM-traded company said drilling was expected to commence this week, and would comprise up to six reverse circulati

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9 Jan 2017 10:05

WINNERS & LOSERS SUMMARY: Babcock And RSA Insurance Hit By Downgrades

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9 Jan 2017 08:58

Orogen Gold Fails To Find High-Grade Gold Zones At Silverton Project

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20 Dec 2016 15:04

Galileo Resources makes solid development progress, widens loss

(ShareCast News) - Natural resource exploration and development company Galileo Resources posted its unaudited interim results for the six months to 30 September on Tuesday. The AIM-traded firm said during the period, independent modelling continued on a number of prospects on the Concordia Copper P

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25 Oct 2016 10:11

Galileo Resources reports 'significant' gold values at Nevada mine

(ShareCast News) - AIM-listed miner Galileo Resources reported that initial rock-chip sampling at its Nevada mine in the US returned "significant" gold values while drilling has started at its gold-silver project. Rock-chip sampling from 23 samples found up to 10.8 grams per tonne at the Ferber gold

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27 Jun 2016 07:46

Orogen To Earn Initial 51% Stake In Silverton Gold Mine From Galileo

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15 Jun 2016 08:49

Galileo Resources: Concordia Site Study Finds "Significant Potential"

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10 May 2016 10:57

Galileo Completes Resource Model For Klondike Prospect At Concordia

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