The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Marula Mining PLC - Africa-focused mining and development company - Processing equipment at Blesberg lithium and tantalum mine arrives early. Equipment includes Rados SRF100-8 ore sorter, one of two sensor-based, XRF ore sorters that have been acquired for around £1.8 million. On Wednesday, Marula said it completed phase 1 and phase 2 diamond drilling programmes at the asset, both ahead of schedule. Chief Executive Jason Brewer says: ‘In just over 3.5 months we have completed our first major diamond drilling program, both ahead of schedule and below budget. Our geological and mining consultants team are now busy moving ahead with the analysis of the initial assay results, and mine design and mine planning work for the proposed commencement of hard rock open pit mining operations at Blesberg in the new year.’ On Tuesday, the firm named Martin Westerman as chief operating officer, bringing with him over 25 years of experience ‘across mining operations, corporate finance, accounting, taxation and financial reporting, and the commercial and business activities of mining projects across multiple commodities and throughout southern Africa’. It is a non-board position. Tokkas van Heerden tendered his resignation as COO.
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Vast Resources PLC - mining and resource development company with interests in Romania, Tajikistan and Zimbabwe - Says due diligence period for Aprelevka gold mines deal extended to January 15. As part of deal, Bay Square Pacific Ltd, a partner of Vast, will acquire Gulf International Minerals Ltd. Gulf International has a 49% stake in Aprelevka, with government of Tajikistan holding remainder.
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Hydrogen Future Industries PLC - London-based developer of wind-based green hydrogen production system - Signs agreement with University of Bristol ‘to collaborate to advance respective technologies’. The duo will look to secure research funding and ‘accelerate commercial opportunities’. CEO Tim Blake says: ‘We are excited to be working with the University of Bristol to accelerate the development of HFI’s system, especially the anion exchange membrane water electrolyser. The University of Bristol has a world-class team with world-class facilities and together we can accelerate the development of the cutting-edge technology. Our electrolyser has demonstrated exceptional efficiency in testing to date and the technology has been identified by UoB as a perfect fit for their hydrogen depleted uranium storage project. Having access to sites in the UK to develop and demonstrate the complete green hydrogen system, from generation to utilisation, is very important to both parties.’
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