Source - Alliance News

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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Ixico PLC - neuroscience focused advanced analytics company - Wins 48-month contract worth over £1 million with Global Alzheimer’s Platform Foundation. Will support GAP’s planned Bio-Hermes 2 trial. ‘The company does not expect to adjust its expectations of performance for the financial year ending 30 September 2024 following the receipt of this contract,’ it adds. ‘In the Bio-Hermes 2 trial, IXICO will apply its expertise to qualify approximately 30 participating imaging centres for the collection of amyloid PET and tau PET molecular imaging and MR Imaging scans from approximately 1,200 volunteers over the age of 60. The volunteers will be screened for Preclinical Alzheimer’s Disease, Prodromal AD, or Mild Dementia AD, with IXICO providing both visual read and AI driven quantitative analysis across all three imaging modalities used in the Bio-Hermes 2 trial.’

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United Oil & Gas PLC - oil and gas exploration company with key assets in Jamaica and the UK - Agrees to settlement of debt, for final outstanding sum of $839,200. ‘The detail terms of the settlement will remain confidential,’ it adds. United Oil says it can now complete paperwork to fully withdraw from Egypt. It says: ‘This leaves the company free to concentrate its efforts on advancing its other assets, particularly the Jamaican work programme and farmout process.’

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Hummingbird Resources PLC - gold miner with operations in Mali, Guinea and Liberia - Says drilling work at Sanioumale West North pit in Yanfolila gold mine in Mali have been completed. It adds 2,223 metres were drilled across 34 reverse circulation holes. Chief Executive Officer & Interim Executive Chair Dan Betts says findings there are ‘promising’. At Kabaya South deposit, it is updating a historic resource to better ‘align with [Joint Ore Reserve Committee] protocol’. Hummingbird adds: ‘Modelling and an updated mineral resource estimate for the drilling campaigns at SWN and re-logging of drill chips from KS are expected to be completed within the second half of the year and incorporated into next year’s resource statement. Detailed exploration targeting and planning is being conducted with the aim of drilling at the end of the wet season in Q3-2024.’

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Lexington Gold Ltd - gold exploration and development company with projects in South Africa and US - Reports results from drilling at Bothaville NE project, in Free State Province, South Africa. Says three of four holes completed, as ‘an unexpected geological structure’ meant the fourth hole was abandoned. Lexington adds: ‘The three new successful drillholes intersected gold mineralisation approximately 250m towards the NW, NE and SE of the historical drillholes, thereby significantly expanding the potential area of mineralisation and indicating a possible significant gold system.’

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Blackstone Loan Financing Ltd - investment company in managed wind-down - To return €23.0 million through compulsory partial redemption of up to 24.8 million shares. Around 5.6% of existing shares will be redeemed. The redemption will be effected at €0.93 per share.

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European Green Transition PLC - London-based company focused on developing a portfolio of green assets across Europe - Enters exclusive option agreement to acquire prospective carbon credit project at the Altan farm in Donegal, Ireland. EGT says the deal is in line with its aim to ‘target green economy assets in Europe with revenue potential’. It adds: ‘EGT will conduct further diligence activities to ascertain the work required to commence the generation of carbon credits at Altan. During the due diligence phase, EGT will engage with all relevant stakeholders to ensure the project aligns with the company’s ESG standards.’ The 12-month option with the trustee of the landowner for Altan has seen EGT pay a €100,000 sum to enter the option agreement. EGT adds: ‘Company may exercise the option to acquire the rights to generate carbon credits at Altan upon successfully completing its due diligence review of the carbon credit project. It is not EGT’s intention to acquire the land, rather to generate carbon credits at Altan through a revenue sharing model between EGT and the landowner. The company is looking to replicate a number of successfully implemented projects in Scotland. Scotland leads the way in Europe in peatland re-wetting and will be restoring 3,000 hectares of bog a year by 2025.’

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Aminex PLC - Aminex PLC - oil and gas investment in Tanzania - Ministry of Energy in Tanzania grants 25-year development licence over Ntorya gas discovery area to Ruvuma joint venture. Ruvuma JV required to undertake geological, geophysical and geochemical studies, drill one exploration well within five years of the start of production and spend minimum of $10 million. Aminex has 25% non-operated interest. It adds: ‘The Ntorya development licence area lies adjacent to a region containing supergiant world-class LNG projects, extending from offshore Tanzania into Mozambique waters to the south. The JV partners intend to produce Ntorya gas into the growing domestic gas market, helping to alleviate energy poverty and boost the energy transition in Tanzania. A multi-year gas sales agreement was signed earlier this year with the Tanzania Petroleum Development Corporation.’

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Botswana Diamonds PLC - African-focused explorer and project developer - Granted four prospecting licences in Kalahari of Botswana. Botswana Diamonds adds: ‘These prospecting licences are in the same general area as Gem Diamonds Ltd’s Ghaghoo diamond mine as well as the company’s KX36 advanced project in addition to its recently announced drillable targets.’

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Clontarf Energy PLC - oil, gas and minerals explorer with projects in Bolivia, Ghana and Chad - Raises £300,000 through placing of 857.1 million shares priced at 0.035p each. The net proceeds of the placing will be used to advance Clontarf’s lithium projects in Bolivia, and neighbouring countries, as well as on petroleum projects in Ghana, Australia, and elsewhere, and for general working capital purposes.

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