African Reserves

African Pioneer PLC lifted by positive site visit in Namibia

African Pioneer PLC (LSE:AFP) gained ground after a positive site visit to its 85% owned Ongombo Copper Mine project in Namibia.

Chairman and CEO Colin Bird said, “All the fundamental elements of the Ongombo Copper Mine project are in place. The technical team visit was designed to identify potential negative issues and look for opportunities within the project. Our visit was very productive and we are of the opinion that the mine can be accelerated as soon as we receive the mining permit.

“The previous plan called for an open pit to be opened and we agree with that plan but believe the open pit can be extended significantly along strike and we will soon begin a drilling program to test our prediction.

“If this drilling program produces the expected results, we should be able to have a first open pit lasting at least 18 months, which would allow us to develop the underground system, which would lead to a seamless transition from surface mining to underground mining.”

The company’s shares climbed 3.75% to 4.15p.

2:30 p.m.: Wandisco in the spotlight after the success of the railway company

Wandisco PLC (AIM:WAND) danced higher after a successful data migration for a major client, the owner of Canada’s largest railroad.

The company said it migrated data from customer computers to Microsoft’s Azure cloud.

The rail company plans to evaluate future uses of Wandisco’s LiveData Migrator service, including in Internet of Things data.

Managing Director David Richards said, “This completed migration is a great example of how WANdisco’s platform and solutions can be effectively used to help organizations modernize their data platforms through migration to Azure. and other cloud platforms. More and more, we see companies looking to take advantage of the advanced analytics capabilities available in the cloud, and WANdisco is the leading provider to help make this a reality.

“This is another exciting proof point for our solution, and we see significant potential for improvement in this customer relationship in the years to come.”

The company’s shares climbed 4.58% to 320p.

1.24pm: Totally unveils contract extension for NHS call service

A week after announcing a contract extension with the London Borough of Hillingdon, healthcare group Totally PLC (AIM:TLY) has unveiled another deal.

He has been awarded a contract extension to provide NHS 111 services in Staffordshire and Stoke-on-Trent for a further year. The extension, awarded to its Vocare division, will run from April 1, 2022 for a value of around £7million.

Vocare already provides NHS 111 services in the region, answering around 30,000 calls a month from patients seeking advice and access to care.

Totally shares are up 4.66% to 34.8p.

12:10 p.m .: Ironveld slides pending completion of Grosvenor Resources deal

Ironveld PLC (AIM:IRON) shareholders have had a roller coaster ride this week.

The miner, which has an iron, vanadium and titanium project in South Africa, jumped 13% on Tuesday but is now down 7.73% to 1.02p.

The company is in the middle of a deal to sell 51% of its Luge subsidiary to Grosvenor Resources Pty – a recently established private South African company – for around £2.4million.

Grosvenor will also subscribe for £5.6m of equity, bringing its total investment to around £8m.

In late January, Ironveld said, “Both parties expect the two transactions to close in the short term.”

But the deal has yet to be completed, and today Ironveld said it was continuing “its close dialogue with Grosvenor regarding the advancement of Grosvenor’s own financing arrangements necessary to complete the deal. previously announced share subscription and sale of the company’s stake in Luge.

“Grosvenor continues to work positively towards financing these transactions and the company will provide further updates in due course.”

10:50 a.m.: Yamana Gold (TSX:YRI) boosted by positive reserves update

Yamana Gold (TSX:YRI) is in demand after a positive update on its reserves.

The Canadian-based precious metals producer, with operations across the Americas, including Canada, Brazil, Chile and Argentina, said it replaced gold mineral reserves at each of its operations by wholly owned, highlighting the durability and longevity of its mines.

It is said: “Yamana has attempted to differentiate itself in recent years by replacing the depletion of mineral reserves and has generally succeeded in such differentiation. The result is that over several years there has been a very significant increase mineral reserves and corresponding extension of mine life.

“This differentiation is expected to continue over the next few years and in most cases the discovery of new inferred mineral resources at existing mines already represents an excellent source of future proven and probable mineral reserves.”

Its shares are up 5.3% at 313.78p.

9:29 am: Aura Energy boosted by uranium project expansion plans

Aura Energy Ltd (ASX:AEE, AIM:AURA) is in demand after plans to expand its Tiris uranium project in Mauritania.

It will launch a regional exploration program focused on resource enhancement at Tiris in the first half of this year.

Acting Managing Director Dr. Will Goodall said: “We are delighted to announce the proposed resource enhancement program, aimed at expanding Tiris’ uranium resources while simultaneously advancing towards uranium production. . We will focus on expanding existing measured and indicated resources and locating additional exploration targets. which have been under-explored.

“We look forward to commencing the program as soon as the necessary approvals are in place, as we continue to progress towards low-emission uranium production at Tiris.”

Aura is up 4.79% to 15.98p.

8:45 am: Lexington Gold shines after Carolina drilling update

Shares of Lexington Gold Ltd (AIM:LEX) are brighter after a positive update on a key US project,

The exploration and development company said results from the first 11 drill holes at its Carolina Belle project showed significant gold mineralization.

Managing Director Bernard Olivier said: “It is an excellent first result to intersect several mineralized zones of significant width so close to surface…

“These initial results give us great confidence in the prospectivity and potential of the Carolina Belle deposit and we look forward to receiving and releasing results from the remaining 21 holes in the coming weeks.”

Lexington shares are up 12.31% at 3.65p.

Elsewhere, Itaconix PLC (LSE:ITX, OTCQB:ITXXF) saw its shares rise 8.48% to 3.2p after the first outside production trial for its plant-based superabsorbent.

The product is tested by a leading supplier to companies that produce diapers, feminine hygiene products and industrial absorbents. The move follows the company’s 2021 production trials, and if successful, Itaconix’s potential revenue is expected to begin in 2023.

Managing Director John R. Shaw said, “The emergence and success of new brands responding to consumer demands for improved sustainability has dramatically increased the revenue potential of our plant-based ingredients in hygiene, as this test demonstrates.

“Our technology…was ahead of its time when it was part of the original Itaconix corporate roots. This trial is an important milestone and…with these advancements, we see additional opportunities to improve our sustainable hygiene products.”