Mkango Resources jumps on early drill success at flagship Malawi project (MKA)

Rare earth elements firm Mkango Resources (LSE:MKA) shot up 10.3pc to 9.1p this morning after revealing across-the-board success in the first wave of test drilling at its Songwe project in Malawi. The first eight holes of its targeted 10,000m diamond drilling programme at the project all intersected rare earth mineralisation. The firm said that intersections of…

Crusader Resources announces BFS progress at flagship Brazilian gold asset (CAS)

This morning saw Crusader Resources (LSE:CAS) announce that it has discovered an opportunity to reduce capex costs at its flagship Borborema Gold Project in Brazil, leading shares to sit at 1.65p in afternoon trading. As part of an ongoing bankable feasibility study (BFS), Orway Mineral Consultants (OMC) found that the 2Mtpa project’s ore is amenable to…

Amerisur price chart offers significant potential upside if production progress continues (AMER)

Last week saw South America-focused oil and gas firm Amerisur Resources (LSE:AMER) rise after announcing progress at its key Platanillo block in Columbia. After finding that a severe degradation of the cement sheath at its Platanillo-22 workover was holding back production, the firm said it successfully carried out a cement squeeze operation to recover the well. It…

Stratex releases interims and reports on company progress (STI)

Today, Stratex International (LSE:STI) provided a company update and releases its interim results for the six-month period ended 30 June 2018. We interviewed CEO Tim Livesey where he outlined his vision for the company, and this morning’s update details further progress and board changes. Livesey, alongside CFO Bob Smeeton is refocusing the Group’s activities on early-stage…