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The City Pub Group PLC, Kavango Resources PLC, Ferro-Alloy Resources Limited …


The City Pub Group PLC () has highlighted “further significant growth” in trading in its 2019 financial year, while also updating on its plans for the post-coronavirus environment. For the year ended December 29, 2019, the pubs group reported adjusted underlying earnings (EBITDA) of £9.1mln, up 15.4% year-on-year, while revenues jumped 31% to £60mln. Like-for-like sales also increased by 1.7% in the year against what the company said was a “tough comparable period” following the World Cup and 2018’s summer heatwave.

() has appointed specialist geological modelling firm, Mira Geoscience to help select drill targets at the Kalahari Suture Zone ( KSZ) nickel/copper prospect. Mira Geoscience is an acknowledged specialist in advanced geological and geophysical 3D modelling, the company noted, including the interpretation of mineral systems and drill target identification.

Ferro-Alloy Resources Limited () said it has raised US$300,000 through a bond issue on the Astana Stock Exchange in Kazakhstan as the group also announced that it restarted its production operations in the country. The vanadium miner said investors have subscribed for 150 of its bonds with a nominal value of US$2,000 each. The bonds are unsecured with a three-year term and bear interest at 7.5%, paid twice-yearly. Around 50 of the bonds have a maturity date of June 5, 2023, while the remaining 100 bonds have a maturity date of June 11, 2023. Meanwhile, the company said production from the hydrometallurgical process was restarted on June 1, 2020, and that it now has “significant production” from both its hydrometallurgical and pyrometallurgical process routes.

Scotgold Resources Ltd () said it will resume construction and development activities at the Cononish gold project in Scotland on Monday, June 15, following the easing of coronavirus (COVID-19) restrictions by the Scottish government. Key work to be undertaken will be the construction of the process plant building and, in parallel, the remaining earthworks, the group said. The mining team currently furloughed will be brought back progressively over the next two weeks and refresher training and familiarisation with the new procedures undertaken. Underground development on a single shift basis is expected to resume as from July 1.

() announced that it has received the greenlight from the Australian government for its proposed acquisition of the Beaconsfield gold mine in Tasmania A deal was struck in February for NQ to acquire “historically one of the richest gold mines” for an initial fee of A$2mln It has now been approved by the Australian Government’s Foreign Investment Review Board. With government approval in place the company can now advance to complete the deal and, in time, start work to reboot the project.

() has had a manuscript about its AvidiMab technology published in Cancer Research, the peer-reviewed journal of the American Association of Cancer Research (AACR). The paper…



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2020-06-12 14:30:00

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