22nd Nov 2022 20:02
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Crossword Cybersecurity PLC - Richmond, England-based cybersecurity solutions company - Notes that the UK arm of an international defence and security company Leonardo Spa selected Rizikon to assist in the assessment of cyber risk in their supply chain. Rizikon is an assurance and third-party risk management platform. "This marks another step in our partnership as we continue to build a strong relationship with Leonardo. Their selection of Rizikon for the delivery of this important service is testament to the how far the platform has developed, its ease of use and powerful capabilities. We are looking forward to working closely with the Leonardo team as they roll out the platform and the service," Group Sales Director Sean Arrowsmith comments.
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Coro Energy PLC - London-based gas explorer - Confirms the resumption of production at the Bezzecca gas field in Italy. Reports that the well has been producing at a stabilised rate of 15,000 standard cubic meters per day since November 18, with very good pressure support giving good indications for the long-term field performance. "I am delighted to announce that after having reached the stabilised rates in Bezzecca our total production in Italy has reached 21,000 scm/day from 3 fields which, combined with current gas prices, is providing very favourable cash flow generation. Several options to resume production from Sillaro are still under review and further updates will be made, as appropriate, in due course," Chair James Parsons comments.
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Arkle Resources PLC - Ireland-focused gold and zinc explorer - Completes the three remaining drill holes at the Stonepark project in the original 2022 programme. Stonepark is a joint venture held 76.56% by Group Eleven and 23.44% by Arkle. Expects that the additional deeper hole on the Stonepark block, called Carrickittle West, will be drilled when permits are obtained and logistics allow.
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Goldplat PLC - South Africa and Ghana-focused gold miner - Sells a portion of its shares in Caracal Gold PLC. Notes that its subsidiary Gold Minerals Resources Ltd has sold a further 14.3 million of its shares in Caracal. Following the disposal, it retains a 3.5% stake in Caracal.
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Arecor Therapeutics PLC - Essex, England-based biopharmaceutical company - Reports that the Japan Patent Office has granted a patent, JP7145849, protecting novel formulations of the group's proprietary insulin products, AT247 and AT278. The same patent has also been granted in South Korea.
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Severfield PLC - Thirsk, England-based structural steelmaker - Pretax profit in the six months to September 24 rises to GBP10.2 million from GBP7.9 million a year ago, as revenue grows 20% to GBP234.9 million versus GBP195.9 million. Says this reflects increased activity and steel prices. Lifts its interim dividend by 8% to 1.3 pence per share from 1.2p. "The resilient order book, combined with our strong balance sheet and simplified divisional structure, gives us confidence in the future performance of the business and so we are maintaining our expectations for FY23," Chief Executive Alan Dunsmore comments.
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Condor Gold PLC - mine developer in Nicaragua - Appoints Hannam & Partners to find a buyer of company's assets. Does this following a "robust and economically attractive" bankable feasibility study for its La India open pit on the La India project in Nicaragua.
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Orient Telecoms PLC- Singapore headquartered telecommunication services provider - Swings to a pretax operating loss of GBP30,681 in the six months to September 30 from a profit of GBP44,804, year-on-year. Income falls to GBP188,039 from GBP404,614. Believes that there "may be" opportunities to expand its managed services products in line with the greater adoption of 5G network infrastructure.
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Xtract Resources PLC - Australia, Mozambique and Zambia-focused gold producer, exploration and development company - Applies for 5.4 million new shares issued at a price of 3.23 pence to be admitted to AIM. The shares were issued for the settlement of accrued outstanding remuneration in relation to 2021, due to "certain directors and employees of the company". Issues 619,195 "creditor settlement shares" at a price of 3.23p per share.
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AfriTin Mining Ltd - technology metals mining company focused on Namibia - Intersects pegmatite in all holes at depths and apparent widths predicted by the geological model at its Uis mine in Namibia. Identifies "notable" intersections of lithium mineralisation within the pegmatite intersections. "We are particularly encouraged by the lithium grades intersected in drill holes V1V2042 and V1V2056, which further demonstrate the unrealised potential of the Uis orebody. As we near the end of this exploration programme, we look forward to upgrading the mineral resource estimate in support of our by-product development projects for tantalum and lithium," CEO Anthony Viljoen comments.
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By Abby Amoakuh; [email protected]
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