Traders Cafe with Zak Mir: Asiamet, Beowulf, Cizzle, Contango, Cora, Deltic, Hummingbird, Physiomics, Starcom

Cora Gold (CORA) the West African focused gold company, announced the fourteenth, and final, set of drill results from its +40,000m drill campaign at its Sanankoro Gold Project in Southern Mali.  The drill results have continued to be extremely encouraging throughout the campaign with high-grade results in generally shallow oxide ore.  An updated mineral resource estimate is expected in the coming weeks.

Cizzle Biotechnology (CIZ), the UK based diagnostics developer, said it has executed a research and development agreement to develop a companion diagnostic test for autoimmune disease with St George Street Capital, the UK-based biomedical charity.  The new diagnostic platform will be used to develop tests that will operate alongside SGSC's programme for the development of therapeutic assets licensed to SGSC from Astra Zeneca (AZN).  The goal is to address unmet clinical needs in a wide variety of autoimmune diseases which will significantly broaden the company's product pipeline and for which SGSC will pay Cizzle Biotechnology up to £1m in development fees.

Natural resources investing company Deltic Energy (DELT) announced that with its Operating Partner, Shell U.K. Limited, it has completed the final phase of the site survey programme over the planned Pensacola exploration well location on Licence P2252 in the Southern North Sea. The survey was conducted by Fugro GB North Marine Limited

Beowulf (BEM), the mineral exploration and development company, provides an update on recent developments in Sweden, the completion of a concept Mining Study for Kallak, and its application for an Exploitation Concession for Kallak North. With the support of Carci Mining Consultants Limited, Beowulf has completed a concept Mining Study for Kallak North which shows that the mine could produce approximately 2.7 million tonnes per annum of concentrate based on the existing resource for Kallak North only and modelled over an initial 15 years.

Natural resource development company, Contango (CGO) has now received the results from a set of sample analyses conducted by Bureau Veritas of South Africa.  The analyses assessed a variety of metrics and properties derived from 49 samples extracted from the 1A Lower and MSU metallurgical seams at the Lubu Coal Project, located in the Hwange region of Zimbabwe. The results are said to have expectations and also confirmed the viability of Lubu's metallurgical coal in the production of coke, the key reactant and fuel in primary steelmaking.

Hummingbird Resources (HUM) updated on the Company's 2021 infill drilling programme at the Kouroussa Gold Mine, which is located within the prospective Siguiri Basin in Guinea. It has received the first initial assay results on 53 new Reverse Circulation drill holes and one diamond dual purpose hole, totalling approximately 3,800 metres drilled of a planned 24,000 m drill programme at one of Kouroussa's key deposits, KoeKoe. Results show significant high-grade potential and mineralisation open at depth. 

Asiamet Resources (ARS) said that Mr Ashish Gupta has transferred his entire shareholding in the Company to PT Delta Dunia Makmur Tbk. Following the acquisition of shares by DOID, it now has a 15.36% shareholding in the Company.

Physiomics (PYC), the drug treatment regimens and personalised medicine solutions consultancy, said that it has been awarded two further contracts by existing client Merck KGaA that it expects to be completed by the end of this calendar year. These projects involve simulations of clinical efficacy of drug products in Merck's DNA damage/ repair portfolio.

Wireless, Internet-of-Things based solutions group Starcom (STAR) updated on trading. The company said there are strong signals that business is starting to revive and it has a strong pipeline of potential new business. Negotiations for potential new contracts are progressing and Starcom is in advanced stage discussions for a number of potentially substantial projects concerning the supply of  various devices for the tracking and monitoring of containers. “Should these be successfully concluded they could provide significant revenues over the next few years, including SaaS revenues.” The company has also raised £450,000 at 1.25p. Its shares closed at 0.925p yesterday.