George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRocView Video
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investorsView Video

Latest Share Chat

AIM WINNERS & LOSERS: Tertiary Minerals teams up; Scirocco to hold GM

Thu, 15th Sep 2022 11:14

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

----------

AIM - WINNERS

----------

Tertiary Minerals PLC, up 85% at 0.20 pence, 12-month range 0.1p-0.3p. The mineral exploration and development company says it has signed a technical co-operation agreement with First Quantum Minerals Ltd for two of its copper exploration projects in Zambia. The pact covers Tertiary's Mukai and Mushima North project interests. The firms will work together to advance exploration and development of the projects. "For Tertiary, the agreement will effectively harness the expertise of one of the world's largest copper producers without the associated cost, and in return FQM will gain first-hand knowledge of any new discoveries that we make," says Executive Chair Patrick Cheetham.

----------

Oriole Resources PLC, up 18% at 0.19p, 12-month range 0.15p - 0.50p. The West Africa-focused exploration company says phase 4 drilling its 90%-owned Bibemi gold project shows "multiple grade-bearing, sub-horizontal veins" as well as the previously tested subvertical veins. The results include an extension to the previously reported phase 2 drillhole BDD034, returning values of 2.00 metres at 39.42 grammes per tones gold from 160 metres, including 1.0 metres at 75.36 grammes per tonnes gold. "These are extremely exciting results...confirming that we have two gold-bearing vein sets at Bakassi Zone 1 and that we have additional potential for mineralisation at the two Lawa prospects," says Chief Executive Officer Tim Livesey.

----------

AIM - LOSERS

----------

Longboat Energy PLC, down 11% at 38p, 12-month range 33p - 93p. North Sea-focused exploration and production company says it will plug and abandon the Copernicus exploration well offshore Norway, after the well came up dry. The well in licence PL1017 was drilled to a total vertical depth of 2,400 metres below sea level, but no effective reservoir was encountered. "Naturally, we are disappointed that the Copernicus well was not a success but we look forward to continuing our fully-funded, gas-focused exploration programme with the results of the Oswig well expected shortly," says Chief Executive Officer Helge Hammer.

----------

Scirocco Energy PLC down 19% at 0.2p, 12-month range 0.2p - 1.25p - The Leeds, England-based oil & gas investment company confirms in a circular it will hold a general meeting on October 13, as requested by a group of shareholders in August. The five resolutions relate to the "very poor performance" of its shares, and urge a rethink of its investment strategy and for the firm to provide explanations for decisions taken in regards to its Ruvuma asset and the AD Plant investment. The board says it strongly recommends shareholders vote against the resolutions.

----------

By Elizabeth Winter; elizabethwinter@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Related Shares

More News
26 Feb 2024 14:08

Tertiary Minerals forms Zambian joint venture

(Sharecast News) - Tertiary Minerals announced the signing of a new joint venture agreement with local partner Mwashia Resources on Monday.

26 Feb 2024 12:29

Tertiary Minerals inks new joint venture deal for Zambian licences

(Alliance News) - Tertiary Minerals PLC on Monday said it has signed a new joint venture deal with Zambia-based Mwashia Resources Ltd that will conso...

12 Feb 2024 14:28

Tertiary Minerals completes £0.38m fundraising

(Sharecast News) - Tertiary Minerals announced the successful completion of a fundraising on Monday, raising £0.38m before expenses to be used fo...

12 Feb 2024 09:54

Tertiary Minerals raises GBP375,000 through share placing

(Alliance News) - Tertiary Minerals PLC on Monday said that it has raised GBP375,000 through a placing in order to fund exploration activities at its ...

7 Feb 2024 15:46

UK shareholder meetings calendar - next 7 days

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.