25th Feb 2016 08:40
LONDON (Alliance News) - Mining investment company Red Leopard Holdings PLC on Thursday said market conditions appear to be recovering, and it will start progressing plans for its Idora Tunnel project in Idaho in the US, sending shares in the group higher.
Red Leopard shares more than doubled in value following the announcement, up to 0.085 pence and the best performer in the AIM All-Share.
The Idora Tunnel silver project had previously been delayed by an unfavourable trading environment.
Red Leopard said it is holding talks with engineers on the cost of repairs to clear the rock fall inside the Idora Tunnel.
It added it has continued to take a proactive stance on identifying and considering other potential acquisition opportunities.
By Sam Unsted; [email protected]; @SamUAtAlliance
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