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Resources round-up: Wasabi, Thor, Condor, Shanta

Wed, 04th Apr 2012 13:10

Wasbi Energy's wholly owned subsidiary Imparator Enerji has made significant progress in Turkey, following sustained growth in the country's economy and the corresponding increase in energy demand. The situation has enabled Wasabi to implement its Kalina Cycle power generation technology as it exploits the changes the country is making in its energy policies. In recent months, Imparator has entered into a series of commercial arrangements with a number of strategic partners, including project developers in Turkey and specifically the purchase of an option to acquire an interest in an advanced geothermal project. The opportunity for the product to generate power by recovering waste heat has been confirmed to be greater than 1,700 megawatt electrical. Thor Mining has revealed that the economic prospects for the company's Molyhil project in the Northern Territory have been significantly enhanced by recent results from metallurgical test work for tungsten recovery. The tungsten recovery rate is now estimated to be 85% compared with the previous estimate in January of 75%. "This improved recovery will make a substantial difference to the outcome of the feasibility study currently being worked on," the firm said. Condor, a gold exploration company, has reported an 800 metre (m) strike length of wide gold mineralised intercepts at surface level, with open pit mining potential. The best intercept was 10m at 2.98 grams per tonne (g/t) gold, on the La India vein. Trenches of 104.5m at 1.31g/t gold and 26m at 2.54g/t expand the wide low-grade gold mineralisation at surface level. A trench of 12m at 2.99g/t gold was a new discovery on the Las Lajitas vein. Shanta Gold is planning to raise around £22m through the placing of five-year convertible loan notes and at least £6m through an equity placing of new ordinary shares. The notes are underwritten by Liberum Capital with a coupon of 8.5% per annum at a conversion price of 29.53p per share, representing a 25% conversion premium to the closing mid-market price on April 3rd of 23.63p. The notes are expected to be issued at a conversion price of 29.53-32.00p per share. NR

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21 Apr 2023 15:49

UK shareholder meetings calendar - next 7 days

Monday 24 April
CentralNic Group PLC	AGM
Ground Rents Income Fund PLC	EGM re changes to the investment policy and new board fees
Tuesday 25 April
Aquis Exchange PLC	AGM
Beazley PLC	AGM
Coro Energy PLC	GM re disposal of the Italian natural gas assets
Entain PLC	AGM
GlobalData PLC	AGM
Hydro Hotel Eastbourne PLC	AGM
NatWest Group PLC	AGM
Schroder Asian Total Return Investment Co PLC	AGM
SigmaRoc PLC	AGM
VH Global Sustainable Energy Opportunities PLC	AGM
Wednesday 26 April
Alfa Financial Software Holdings PLC	AGM
Anglo American PLC	AGM
Breedon Group PLC	AGM
Bunzl PLC	AGM
Corcel PLC	AGM
Croda International PLC	AGM
Drax Group PLC	AGM
Elementis PLC	AGM
Global Invacom Group Ltd	AGM
Kazera Global PLC	AGM
Metro Bank PLC	AGM
Mobius Investment Trust PLC	AGM
Nichols PLC	AGM
One Media IP Group PLC	AGM
Persimmon PLC	AGM
RIT Capital Partners PLC	AGM
Trian Investors 1 Ltd	EGM re share redemption
Trian Investors 1 Ltd	AGM
Thursday 27 April
Admiral Group PLC	AGM
AFC Energy PLC	AGM
Alliance Trust PLC	AGM
AstraZeneca PLC	AGM
BP PLC	AGM
CLS Holdings PLC	AGM
CRH PLC	AGM
Dalata Hotel Group PLC	AGM
Dial Square Investments PLC	AGM
F&C Investment Trust PLC	AGM
Flutter Entertainment PLC	AGM
Gresham House Renewable Energy VCT 1 PLC	AGM
Gresham House Renewable Energy VCT 2 PLC	AGM
Helios Towers PLC	AGM
Ibstock PLC	AGM
International Personal Finance PLC	AGM
Kerry Group PLC	AGM
London Stock Exchange Group PLC	AGM
Pershing Square Holdings Ltd	AGM
Quixant PLC	AGM
Schroders PLC	AGM
Serco Group PLC	AGM
Synectics PLC	AGM
Taylor Wimpey PLC	AGM
Weir Group PLC	AGM
Friday 28 April
AQRU PLC	AGM
Audioboom Group PLC	AGM
BBGI Global Infrastructure SA	AGM
Everest Global PLC	AGM
GetBusy PLC	AGM
Greencoat Renewables PLC	AGM
Greencoat UK Wind PLC	AGM
Kingspan Group PLC	AGM
Minoan Group PLC	AGM
Pearson PLC	AGM
Rotork PLC	AGM
Shanta Gold Ltd	AGM
Smurfit Kappa Group PLC	AGM
Symphony International Holdings Ltd	AGM
Woodside Energy Group Ltd	AGM

Copyright 2023 Alliance News Ltd. All Rights Reserved.

31 Mar 2023 16:39

TRADING UPDATES: FireAngel signs with British Gas; Shanta pours gold

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

29 Mar 2023 13:18

TRADING UPDATES: Shanta profit jumps; Octopus Renewables optimistic

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

22 Feb 2023 17:40

TRADING UPDATES: Shanta Gold hails new Kenya resource estimate

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

22 Feb 2023 11:39

Shanta Gold updates resource estimate at West Kenya project

(Sharecast News) - East Africa-focussed Shanta Gold announced an updated mineral resource estimate for the Ramula deposit at the West Kenya Project on Wednesday.

13 Feb 2023 11:53

Shanta Gold eyes up production on progress at Singida in Tanzania

(Alliance News) - Shanta Gold Ltd on Monday said it was delighted with progress at Singida, its gold project in Tanzania, as it looks to start production next month.

6 Feb 2023 10:58

IN BRIEF: Shanta Gold promotes Mrema to COO; replaces CFO role

Shanta Gold Ltd - East Africa-focused gold producer, developer and explorer - Promotes Honest Mrema to chief operating officer with immediate effect. Also says Chief Financial Officer Luke Leslie has informed the board of his decision to step down from his role in order to pursue other opportunities. Promotes Michal Devine to CFO with effect from March 23.

27 Jan 2023 16:20

TRADING UPDATES: Aquis in line with target; Bradda Head delays results

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

18 Jan 2023 21:58

TRADING UPDATES: Bankers net assets drop; Invinity Energy wins funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

28 Nov 2022 21:39

TRADING UPDATES: First Tin gets grant; Shanta Gold hails drill results

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

17 Nov 2022 21:53

TRADING UPDATES: Wynnstay buys Tamar; abrdn Japan assets fall

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

14 Nov 2022 15:42

Shanta Gold looks to future as Shandong and Chaarat decide against bid

(Alliance News) - Shanta Gold Ltd shares fell on Monday as its two remaining suitors decided against making a bid for the company.

14 Nov 2022 10:27

AIM WINNERS & LOSERS: Hutchmed up on positive results for cancer drug

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

7 Nov 2022 14:49

TRADING UPDATES: Mosman Oil & Gas achieves annual net output growth

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

2 Nov 2022 19:17

TRADING UPDATES: Smithson assets grow; FireAngel delivers milestone

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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Resources round-up: Wasabi, Thor, Condor, Shanta

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