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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Xtract Resources PLC - Australia and Africa-focused resources, development and mining company - Says gold production in the second quarter to June 30 was 6,456 ounces, up from 4,522 ounces in the first quarter. Says the average grade was 1.74 grams per tonne, up from 1.51 grams. Adds that it processed 124,523 tonnes of material at its Fair Bride project, up from 107,023 tonnes. Notes that the average gold price for the second quarter was $1,989 per ounce. Notes that its Manica project produced 395 ounces, of which it received 84 ounces. Chair Colin Bird says: ‘During the first half of the year the Fair Bride operation progressed in every aspect of production with financial control and reporting systems being modified and developed by the operator to meet international reporting standards. Similarly, mining and processing was managed by the operator moving towards an operation which will satisfy the requirements necessary for the reporting and management of a small gold operation not withstanding its remoteness.’
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Belluscura PLC - London-headquartered medical device developer - Says early results from its two-month-old direct-to-consumer programme has exceeded its expectations. Adds that its X-PLOR device has been well received by customers, which it says shows a ‘significant need and opportunity to provide portable oxygen concentrators to customers not previously served by durable medical equipment companies’. Notes that the programme was intended to capture an underserved population of lung disease sufferers. Says it expects the programme to expand significantly with the launch of its DISCOV-R portable oxygen concentrator. Bob Fary, senior vice president of sales and marketing says: ‘I am very excited about the new direct-to consumer sales program. We have identified a potentially significant sales opportunity that not only benefits the company, but under-represented patients as well.’
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Cambridge Cognition Holdings PLC - Cambridgeshire, England-based company which develops and markets digital solutions to assess brain health - Launches AQUA quality assurance solution for central nervous system clinical trials. Says AQUA is powered by its Winterlight speech and language platform. Notes that it has already gained a customer for AQUA. Says it believes AQUA has potential to generate £16 million per year within five years, based on research into the market opportunity. Adds that there may be further opportunities in other healthcare applications. Chief Executive Matthew Stork comments: ‘AQUA is an entirely new solution for the clinical trials market providing a level of quality assurance that was not possible before, from a cost or time perspective, with traditional reviews by medical experts. We acquired Winterlight Labs intending to commercialise their innovative verbal clinical assessments and, by launching AQUA, we have achieved the first of our product goals. We are also really pleased to have already won a client for AQUA as we expect this will provide us with an excellent case study for future sales.’
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Phoenix Copper Ltd - Base and precious metals explorer in the US state of Idaho - Says it is assessing assay results from 28 drill holes from Navarre Creek, with the initial seven holes indicating a continuous zone of low-grade mineralisation. Notes that it has added 400 acres of unpatented mining claims to the southwest end of its block, in order to ensure the control of the property during evaluation, as the zone appears to trend to the southwest, off its current property. Chief Executive Ryan McDermott says: ‘We are currently assessing all of the results, so that we can put them into context with the geologic system as we currently understand it. However, gold values from the first target area, comprised of seven holes along the strike of the Lehman Creek fault, show a clearly defined low-grade gold bearing zone that is continuous across each drill hole...We will release the results of the Navarre Creek exploratory drilling once they have been fully evaluated and placed in the context of the geologic system as a whole, to assist us to determine the drilling priorities for the remaining 32 holes within our planned 60 hole RC drilling program and application for additional drill permitting for the 2024 field season.’
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Castillo Copper Ltd - base metal explorer primarily focused on copper across Australia and Zambia - Says it has endorsed its geology team’s recommendation to classify NWQ Copper Project as a core asset. Says that due to this it will begin a campaign to ‘deepen its understanding of the 20+ prospects across the tenure’ prior to engaging with strategic partners. Says its geology team has conducted field trips to identify future exploration targets. Chair Ged Hall says: ‘With over 20 prospects across the NWQ Copper Project, which is now earmarked as a core asset, the geology team has considerable work ahead to fully assess the collective exploration potential. This is critical information to have mapped out as the Board channels its efforts into aligning with a strategic development partner.’
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