The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Genel Energy plc ('Genel') notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has today issued an update on licence activity.
As previously reported, gross production at the Tawke licence averaged 108,700 bopd in 2021. The Peshkabir field contributed 61,800 bopd, and the Tawke field 46,900 bopd.
Drilling at the Tawke field resumed in Q3 2021 after an 18-month pause, during which time production decline was partially offset by gas injection and workovers.
DNO expects the ramp up in drilling activities to maintain Tawke licence gross production at around 105,000 bopd during 2022.
In 2021, a total of 7.6 billion cubic feet (461,500 tonnes of CO2) of otherwise flared Peshkabir gas was captured and injected into the Tawke field in 2021
Response to notice from the Southern Environmental Law Center in regard to the Company's activities at Lumberton, North Carolina
Active Energy, the London quoted international biomass based renewable energy business, has received a "notice of intent to sue" letter from the Southern Environmental Law Center (the "SELC") alleging that the Company is discharging wastewater without the required permits from its Lumberton property in North Carolina. This notice follows on from the original claim made by SELC, which was announced by the Company on 4 May 2021, to which the Company has actively sought resolution. The SELC is a non-profit, environmental lobbying group.
Active Energy is not currently operating at Lumberton. The Company has not discharged any wastewater other than what is required under its permits and required by the historic statutory remediation obligations associated with the property.
The Company denies the allegations made by the SELC in the notice and will continue to take robust legal action in response and in defence.
Active Energy continues to review all its options at Lumberton, North Carolina.
First patient dosed in Phase 2 clinical trial with modified-release hydrocortisone in adults with adrenal insufficiency
Data from CHAMPAIN European study expected in H2 2022
Positive data could lead to regulatory approval in AI in 2023
Addressable market seven times larger than CAH
Goldplat plc, the AIM listed gold producer, with international gold recovery operations located in South Africa and Ghana, is pleased to announce an operational update for the 2nd quarter of the current financial year ("Q2") ended 31 December 2021.
The two recovery operations achieved a strong combined operating profit for the quarter of £2,356,000 (Q2, 31 December 2020: £1,554,000), a 52% increase from the comparative period ended 31 December 2020. The Ghana operations continued to perform well with a steady supply of material and achieved an operating profit for Q2 of £1,012,000 (Q2, 31 December 2020: £569,000). The South African operations achieved an operating profit for Q2 of £1,344,000 (Q2, 31 December 2020: £985,000).
The combined operating profit for the 6 months ending 31 December 2021 increased by 27%, to £3,759,000 (6 months ended 31 December 2020, £2,957,000) as a result of the strong Q2 performance
Rolls-Royce (LSE:RR., ADR:RYCEY) announces the completion of the sale of our 23.1% shareholding in AirTanker Holdings Limited to Equitix Investment Management Limited for cash proceeds of £189m. The completion of the transaction, which was announced on 13 September 2021, follows clearance from the relevant regulatory authorities. Proceeds from the transaction will be used to help rebuild the Rolls-Royce balance sheet in support of our medium-term ambition to return to an investment grade credit profile.
AirTanker Holdings Limited owns 14 A330-200 Voyager aircraft which are powered by Trent 772B engines, a derivative of the Trent 700 engine. The Voyager aircraft support air-to-air refuelling, air transport and ancillary services for the UK Ministry of Defence. This fleet is operated by AirTanker Services Limited, in which we will continue to be a 23.5% shareholder. We will also continue to provide servicing and maintenance for the fleet of Rolls-Royce engines that power the Voyager aircraft to support the Royal Air Force.
Anglo American starts up new Aquila metallurgical coal mine
Anglo American plc ("Anglo American") announces that its new Aquila mine has achieved its first longwall shear of steelmaking metallurgical coal on schedule and on budget, marking the project's final stages of construction and commissioning.
The Aquila mine, located near Middlemount in Central Queensland in Australia, extends the life of Anglo American's existing Capcoal underground operations by seven years, after the company's nearby Grasstree mine reached its end of life in recent weeks.
Themba Mkhwanazi, CEO of Bulk Commodities, said: "We have delivered the Aquila project on time and within our budgeted attributable cost of $226 million. This new mine will have a total average annual saleable production of around five million tonnes of premium quality hard coking coal and benefits from low capital intensity as we are using the existing infrastructure and systems from our adjacent operations. Aquila offers us highly attractive returns and margins at conservative long term consensus prices."
· The Company will commence a regional exploration and Resource Enhancement Programme at the Tiris Uranium Project during the first half of 2022 with a focus on:
o Resource Upgrade - Targeting expansion of the Measured / Indicated Resources base within the Tiris East project area.
o Completion of a proposed Resource Estimate for vanadium to produce a JORC compliant resource statement for vanadium (V2O5) contained within the Tiris uranium resource.
· The Resource Enhancement Programme aims to build further shareholder value as the Company continues to advance towards low emission uranium production at Tiris.
Highlights:
· Engineering consultant Practara (Pty) Limited ("Practara") has reviewed and validated Scoping Study assumptions based on a detailed assessment of the Ongombo Project as part of a site visit.
· Project design engineers Nurizon, have recommend relocation of certain mine-site infrastructure and future underground access after on-site consultation and a review of local topography.
· Potential open pittable oxide - sulphide mineralisation has been identified over and above the previously recorded sulphide Mineral Resource. A drill plan has been approved and will be implemented shortly.
· The Company has invited a preferred engineering company to provide a plant design and capital estimate for a processing plant suitable for future Ongombo ore treatment. Management will visit and assess other plants constructed and operating in Africa by the same engineering group.
· Amendments to the operating plan for the Ongombo Project will be adopted by the consulting engineers and the Scoping Study adjusted accordingly.
· Environmental consultants will be provided with the updates and the Environmental and social Impact Assessment will be advanced
Commercial update: The Company signed three deals with market leading partners in December 2021, being The Hut Group ("THG"), Apollo Hospitals and Nahdi Medical. THG launched LeanBiome™ in its Impact Diet Lean product in January as part of its My Protein range with territorial expansion across Europe, Asia, and the USA planned throughout the year. The in-house launch of GoFigure products with Apollo Hospitals is expected to take place in H1 and will progressively expand to other stores as well as online. Nahdi Medical plan to launch seven products Gofigure® / SlimBiome® Medical products in H1. OptiBiotix products are now increasingly becoming associated with internationally recognised retail, pharmaceutical partners and established brands.
The Group' ambition is to secure eight to ten large national or international partners for first-generation products and two to three partners for each of the second-generation technologies. This is expected to give the Company a presence in markets of strategic interest and a level of contingency as partners change over time.
Highlights:
· Initial assay results for 11 of the 32 RC drill holes from the Company's maiden drill campaign at Carolina Belle intersected the first gold mineralisation identified from drilling
· Drilling has identified and confirmed the down-dip extension of the main historical ore-zone mined during the historical third party Iola and Uwarra gold mining operations with a confirmed down-dip extension intersection of:
o 4m @ 2.1 g/t Au from 64m to 68m in hole CRBC-24
· Significant gold mineralisation intersected in the Footwall and Hangingwall of the main ore-zone of the historical Iola and Uwarra gold mining operations with:
o 11m @ 1.01 g/t Au from 68m to 79m (combined Hangingwall, Footwall and mined out historical main ore-zone) in hole CRBC-22 including:
§ Footwall intersection of 4m @ 1.62 g/t Au from 72m to 76m
§ Hangingwall intersection of 4m @ 0.7 g/t from 68m to 72m
§ Main historical ore-zone intersected between 72.2m and 73.2m
· Potential second gold mineralised zone intersected approximately 25m above the main historical Iola and Uwarra ore-zone with:
o 4m @1.53 g/t Au from 48m to 52m in hole CRBC-22
· Four drill holes intersected the historical mine workings of Iola and Uwarra
· Assay results for the remaining 21 holes remain pending and will be announced as soon as they are received from the laboratory and collated.
GALLIFORD TRY APPOINTED TO MAJOR NORTH WEST FRAMEWORK
Galliford Try, one of the UK's leading construction groups, announces that its Building and Highways businesses have been appointed to a major new public sector framework in the North West of England.
The £1.8 billion framework is the latest iteration of the Procure Partnerships North West Framework, which is open to public sector bodies across the region to bring construction projects to market. Galliford Try has won places on six lots in total, three for its Building business and three for the first time for its Highways business.
Bill Hocking, Chief Executive for Galliford Try, commented: "The Procure Partnerships framework is a fantastic example of the kind of collaborative, progressive framework that forms a key part of our Sustainable Growth Strategy. We are delighted therefore to have retained our place on the Building framework and to have gained places on the infrastructure lots for our Highways team. We look forward to working with all the stakeholders involved to create fantastic public facilities and infrastructure for local communities across the region."