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TRADING UPDATES: Aura eyes Tiris expansion; Kavango backs Pambili

Wed, 29th Nov 2023 18:07

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

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Aura Energy Ltd - minerals company that holds projects in Mauritania and Sweden - Applies for exploration tenements adjacent to and surrounding its existing Tiris uranium project in Mauritania. "Subject to the successful granting of these applications, Aura will work to progressively confirm and test exploration targets within these tenements through 2024 and 2025," Aura adds.

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Kavango Resources PLC - Metals exploration company with assets in Botswana and Zimbabwe - Begins airborne geophysical survey at Kalahari Copper Belt project in Botswana. In addition, Kavango says it made a "strategic investment" in Pambili Natural Resources Corp, listed in Toronto. Kavango has given notice to Pambili to convert USD250,000 convertible loan made to Pambili into shares. Following conversion, it will own 15% of Pambili.

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Artemis Resources Ltd - Western Australia-focused gold, copper and lithium exploration company - Says maiden drill hole completed at Osborne joint-venture, owned alongside Greentech Metals Ltd. Artemis holds 49%. "This first diamond hole is the culmination of extensive ground reconnaissance and analysis by the technical team. It is a confirmation of the rock chip and soil sampling results that have been achieved to date and suggests that we are on the right exploration pathway. We are looking forward to continuing with the drilling program and to further confirm the extent of lithium mineralisation," Executive Director George Ventouras comments.

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Karelian Diamond Resources PLC - Finland-focused exploration company - Swings to pretax loss of EUR291,467 for year ended May 31, from profit of EUR13,593 the year prior. Lift from fair value movement of warrants declines to EUR9,565, from EUR389,904 the year prior. Generates no revenue, unchanged year-on-year.

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Conroy Gold & Natural Resources PLC - Ireland and Finland-focused gold exploration and development company - Pretax loss in year ended May 31 widens to EUR362,829 from EUR256,484. Boost from fair value movement of warrants weakens to EUR257,050 from EUR585,954, hurting bottom-line. Generates no revenue, unchanged year-on-year.

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GENinCode PLC - biotechnology company focused on prevention of cardiovascular disease - Agrees with US Food & Drug Administration to transition regulatory process of CARDIO inCode-Score offering to de novo pathway from 510(k) submission. CARDIO inCode-Score tests someone's risk of suffering a cardiovascular event. GENinCode adds: "Following the CARDIO inCode-Score 510(k) medical device submission in August 2023, the FDA has reviewed the submission and recently noted CARDIO inCode-Score's 'first in class' position and the deep clinical evidence for polygenic risk assessment of CHD. Based on these factors and the novel position of CARDIO inCode-Score, the FDA has requested the company to transition to a de novo pathway for market approval." GENinCode has submitted de novo request and expects clearance timeline "broadly in line with earlier" forecast of late first-quarter to early second-quarter of 2024.

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Helium Ventures PLC - special purpose acquisition vehicle - Will seek shareholder approval for change in investment strategy at December 21 annual general meeting. Will look to now focus on technology sector. "In an era where technology is reshaping industries and redefining the way we live and work, the company is committed to identifying and supporting tech enterprises that are developing the technology landscape. The resulting investment(s) may be in a company, partnership or a special purpose vehicle. The company expects to target such opportunities in the technology sector which require funding to complete development, commercialise its technology or progress its operations," it says. It will also seek shareholder approval for a name change to Eastwood Capital PLC. Helium Ventures floated on the Aquis Stock Exchange Growth Market back in July 2021 targeting helium sector-related investments. It will soon leave AQSE and join London's AIM.

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IamFire PLC - investment issuer focused on opportunities in the social commerce, life sciences and natural resources sectors - Extends discounted capital bond with Hawk Investment Holdings Ltd for further year to November 24, 2024. In addition, it proposes name change to WeCap PLC for shareholders to vote on during December 11 annual general meeting. "The directors believe that the name change will better reflect the essence and strategy of the company which is, in effect, raising capital and providing support for its investee companies. In addition to the name change the company proposes to roll out a new website and social media platforms all with the aim of providing better awareness for our investee companies, in particular the predominant weighting given to WeShop in our portfolio," IamFire adds.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
26 Aug 2022 12:01

IN BRIEF: Kavango shares rise on progress with drilling targeting

Kavango Resources PLC - London-based mineral explorer focused on Botswana - Updates on drill targeting at Kalahari Copper Belt licence PL082/2018, with soil sampling program completed for 3,178 samples. Identifies two major drill targets, of 8 kilometres strike length in the Northern Zone, and 27km strike length in the Central Zone. Reports peak values of 118.8 parts per million copper, which is "significant in terms of this project's prospectivity".

Read more
23 Aug 2022 13:53

IN BRIEF: Kavango hires bank to find partners for Botswana project

Kavango Resources PLC - London-based mineral explorer focused on Botswana - Hires Tamesis Partners LLP to lead efforts in finding a partner for the Kalahari suture zone project, located at the western margin of the Kaapvaal Craton. Says the investment bank will act as financial advisor, assisting with "identifying potential partners and provide advice on transaction structures to maximise value for Kavango shareholders". Kavango says a data room has been established to share financial details on the KSZ project.

Read more
18 Aug 2022 14:42

IN BRIEF: Kavango shares up as exploration programme completed at KSZ

Kavango Resources - London-based mineral explorer focused on Botswana - Says it has concluded its "Proof of Concept" exploration programme in the Kalahari Suture Zone, the most comprehensive campaign ever undertaken at KSZ, located at the western margin of the Kaapvaal Craton. Says the programme has provided geochemical proof of magmatic Ni-Cu-PGE mineralising processes (depletion and enrichment) throughout the entire KSZ.

Read more
5 Aug 2022 15:42

IN BRIEF: Kavango completes soil programme at Kalahari Copper licence

Kavango Resources PLC - London-based mineral explorer focused on Botswana - Completes initial soil geochemical programme at Kalahari Copper belt licence PL036/2020, with 5,145 soil samples collected in total.

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22 Jul 2022 10:54

IN BRIEF: Kavango Resources steps up Great Red Spot exploration

Kavango Resources PLC - London-based mineral explorer focused on Botswana - Says new economic report for target at Great Red Spot in the Kalahari Suture Zone in Botswana "exhibits similar geophysical signatures" to the Olympic Dam iron oxide copper-gold ore-deposit that is owned and operated by BHP Group Ltd in Australia.

Read more
11 Jul 2022 21:40

TRADING UPDATES: Byotrol anticipating positive full-year earnings

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

Read more
8 Jul 2022 12:37

Kavango Resources shares down as it regains ownership of Kanye JV

(Alliance News) - Kavango Resources PLC on Friday said it regained full ownership of two projects in Botswana and reported the completion of diamond drill programme at its Ditau Camp project.

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1 Jul 2022 15:40

UK shareholder meetings calendar - next 7 days

Monday 4 July 
Active Energy Group PLCAGM
Clean Invest Africa PLCAGM
Securities Trust of Scotland PLCAGM
Tuesday 5 July 
Immediate Acquisition PLCAGM
Marks & Spencer Group PLCAGM
Open Orphan PLCAGM
Saga PLCAGM
Smartspace Software PLCAGM
Young & Co's Brewery PLCAGM
Wednesday 6 July 
Assura PLCAGM
ContourGlobal PLCGM re acquisition by KKR
GSK PLCGM re Consumer Healthcare demerger, Haleon listing
Mining Minerals & Metals PLCAGM
PCF Group PLCGM re director allotment authority
Puma Alpha VCT PLCAGM
Shires Income PLCAGM
Sirius Real Estate LtdAGM
Strategic Minerals PLCAGM
Worldwide Healthcare Trust PLCAGM
Thursday 7 July 
C&C Group PLCAGM
Distil PLCAGM
Emmerson PLCAGM
Faron Pharmaceuticals LtdGM re issuance of shares
FD Technologies PLCAGM
Great Portland Estates PLCAGM
Greencare Capital PLCAGM
J Sainsbury PLCAGM
JPMorgan European Growth & Income PLCAGM
Land Securities Group PLCAGM
Likewise Group PLCGM re approval of waiver by takeover/merger panel
N Brown Group PLCAGM
Octopus Apollo VCT PLCAGM
Peel Hunt LtdAGM
Pets At Home Group PLCAGM
Puma VCT 13 PLCAGM
Severn Trent PLCAGM
TomCo Energy PLCAGM
Friday 8 July 
Kavango Resources PLCAGM
Value & Indexed Property Income Trust PLCAGM
JPMorgan Multi-Asset Growth & Income PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
15 Jun 2022 14:27

IN BRIEF: Kavango Resources ships drilling samples for testing

Kavango Resources PLC - London-based mineral explorer focused on Botswana - Completes hole DITDD005 - or target i1 -at Ditau Camp asset and moves the drill rig to hole DITDD006 - also known as Target i8 - after a completion of a Controlled Source Audio-Magnetotelluric ground geophysical survey and inversion model. The company says the CSAMT survey has provided additional bedrock resolution, resulting in a prioritisation of this drillhole on the i8 target.

Read more
18 May 2022 19:36

IN BRIEF: Kavango Resources completes Ditau drill hole

Kavango Resources PLC - mining company focused in Botswana - Completes exploration hole DITDD004 after drilling to a depth of 389 metres into the i10 target, a 2.2 kilometre magnetic anomaly previously modelled as a possible carbonatite.

Read more
18 May 2022 10:54

SMALL-CAP WINNERS & LOSERS: Kavango drills; Alkemy sees maiden loss

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Read more
9 May 2022 13:17

TRADING UPDATES: Longboat buys into assets; Midwich starts 2022 well

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

Read more
5 May 2022 17:46

IN BRIEF: Kavango to expand exploration on Ditau JV with Power Metal

Kavango Resources PLC - mining company focused in Botswana - Expands exploration programme at its Ditau project in south west Botswana following the completion of hole DITDD003. Ditau is a 50-50 joint venture with Power Metal Resources PLC. Kavango and Power Metal say they are exploring for rare earth elements and base metal mineralisation. Exploration programme will include an additional 16.1 kilometres of audio-magnetotelluric surveys over the drill target area.

Read more
29 Apr 2022 21:39

TRADING UPDATES: Rotala buys buses; Aukett Swanke sells John R Harris

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

Read more
19 Apr 2022 12:56

Kavango and Power Metal Resources begin drilling at Ditau Camp project

(Alliance News) - Mining company Kavango Resources PLC and metals exploration company Power Metal Resources PLC announced on Tuesday they started drilling at the i10 target at the Ditau Camp project in Botswana.

Read more

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