Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Brian McMaster, Chairman of Jangada, said: "We continue to be highly encouraged with the results from the ongoing exploration programme at Pitombeiras. Our recent work has discovered a new target we call Goela, which adds substantial footprint to the overall prospect beyond the previously announced JORC Exploration Target. Excitingly, it is possible that Pitombeiras and Goela are linked and form one large deposit. Our January 2020 drilling campaign will look at the possible connection between these two mineralised bodies. In total, we have identified eight magnetic anomaly targets to follow up with further exploration work. Additionally, our exploration license was extended for an additional three years by the Brazilian mineral authority. Jangada is entering a truly exciting phase.
Fantastic news this morning....with a big player like tencent on board is massive news for us looking forward to the future here......
Sumo Group's businesses provide acclaimed development and design services to the video games and entertainment industries from studios in the UK, India, and Canada.
Sumo Digital, as the group's primary business, is one of the UK's largest independent developers of AAA-rated video games, having studios in Sheffield, Newcastle, Nottingham, Brighton, Leeds, Leamington Spa, Warrington and Pune, India. The business has acquired two studios since IPO, which operate under their own names, BAFTA award-winning The Chinese Room and Red Kite Games. Sumo Digital provides turnkey and co-development solutions to a global blue-chip client base.
Atomhawk is a multi-award-winning visual design company, with studios in Newcastle and in Vancouver (Canada), servicing the games, film and visual effects industries.
Together, the Group delivers full-spectrum visual and development solutions, which include initial visual concepts, conceiving new products and game development involving all aspects of pre-production, production & development, as well as supporting games as a service.
Steven Ma, Head of Tencent Games, said, "We are glad to invest in Sumo Group, a leading independent co-development studio. We look forward to supporting Sumo's growth and exploring collaborations with the Company to bring more interactive entertainment experiences to global audiences."
Tencent connects hundreds of millions of Internet users every day. It operates communications and social platforms, digital content (including online games, video, literature, music, and media), payment and cloud businesses. Tencent is the world's largest game developer and publisher by revenue. It has invested in several innovative and successful game developers and publishers globally.
The Company announces that Tencent Holdings Limited (through a direct wholly owned subsidiary) ("Tencent") and Perwyn Bidco (UK) Limited ("Perwyn") have notified the Company that they have entered into an agreement for the acquisition by Tencent from Perwyn of 15,000,000 shares in the Company.
Tencent is one of the world's leading internet companies. Following the acquisition of these shares from Perwyn, Tencent will hold a 9.96% interest in the Company.
The shares are being acquired by Tencent from Perwyn, an evergreen, family-funded private equity business and investor in Sumo Group since September 2016. Following the sale of these shares, Perwyn will retain a 17.38% interest in the Company.
Carl Cavers, Chief Executive Officer of Sumo Group, said: "We are delighted that Tencent have chosen to acquire a shareholding in the Company, and we look forward to working with Tencent to explore co-development opportunities. When Perwyn invested in Sumo Digital in September 2016 we were a private company with annual revenue of around £24m and operated from three studios in two countries. We are now a public company and, following the recent announcement of our new studio in Warrington in the north west of England, now have ten studios in three countries and reported revenue of more than £38m for the year ended 31 December 2018. I would like to thank Perwyn, once again, for their original investment and for their ongoing support of the business."
phoenix are estimating average annual production of 7,665 tons of copper equivalent (7,000 tons copper and 1,600 tons zinc) ....with a mine life off 11yrs with first production of 8,600 tons per annum......There is all so 139,000 ounces of gold and 6 million ounces of silver in the open pit at Empire...
No question that Empire can be a world class mine,phoenix raised 2.5 million recently they also raised another £350.000 as you no,they have ploughed another 1m in to the Empire mine cash burn will be high and they will have to find additional funding at some stage but the upside could be massive
What entry point will be the question..
Sorry only just seen your post....will take a look tonight hope your keeping well mate...
Ill be in for some tomorrow....took some real positives from the RNS today....to be honest David Fraser didn't have the skill set to take this further forward,so new direction and focus and i expect plenty of news over the next few months.....
Welcome...
Afternoon..good post below this will succeed soon....just hope everyone holds there nerve,they deserve to see the end game...
Good post safety...the attacks on Troajan have been disgusting and i find it embarrassing having to read them...But Troajan and genuine holders here will have last laugh by far good luck all....
No swearing this time in the morning.....using the word Mother in law safety lol....
Brian McMaster, Chairman of Jangada, said: "The logistic analysis has demonstrated that Pitombeiras is well located to reach overseas markets through both the Pecém and Fortaleza seaports in Ceará state, which are within the Ceará Free Trade Zone, an industrial free trade area for exporting companies' facilities. Importantly, they provide tax and exchange benefits, and simplified administrative procedures, which positively impact the product's selling margins and bring additional competitive advantages to Jangada."
These early encouraging results represent just the start of the planned 2,500 metre scout drilling programme and confirm that the Volcanic Massive Sulphide ("VMS") mineralisation is the source of the previously reported 5.5km long geophysical anomaly, and that the mineralisation is copper, gold and zinc bearing.....
This builds on the previous exploration work that demonstrated that the Hawiah ridgeline is enriched in gold at surface, with potential for copper-gold-zinc at depth. Geophysical surveys identified a strong and continuous anomaly under the ridge that remains open both along strike and down dip.
In due course, the programme will test three key target zones:
the near-surface oxidised zone for gold;
the massive sulphide at depth for copper-gold-zinc; and
the potential stockwork zone for a larger-scale development for copper-gold-zinc.
for the first drill hole have been received and HWD_001 intercepted 15.8 metres of massive sulphide from 150.75 depth (true width 8 metres) at 1.2% copper, 0.51% zinc, 0.51g/t gold and 9.1g/t silver;
additional holes, HWD_003 and HWD_004, collared on an east-west profile line 250 metres south of HWD_001, have successfully intercepted mineralisation with 8.6 metres width (true width 6.0 metres) from 38 metre depth and 16.2 metres width (true width 11.0 metres) from 267.5 metre depth respectively. Assay results are pending for these holes; and
HWD_002 targeted the near-surface gold-bearing oxidised zone. Assay results are pending for this hole.......