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Proactive news headlines: Directa Plus, Deltic Energy, Eckoh, Condor Gold …

Directa Plus PLC (LON:DCTA) has said the strong antiviral properties of its graphene-enhanced corona..

Directa Plus PLC (LON:DCTA) has said the strong antiviral properties of its graphene-enhanced coronavirus (COVID-19) mask have been confirmed by scientists in Italy. The Co-Mask, which incorporates the companys G+ technology, was assessed by a team at the Catholic University of Rome, working with the Gemelli Hospital in the city. The preliminary results showed G+ enhanced fabrics significantly reduced the incidence of SARS-CoV-2 in lab tests. A scientific paper containing the full details of the trial and the results is underway and is expected to be published shortly.

Deltic Energy PLC (LON:DELT) told investors that its partner in the North Sea, Royal Dutch Shell PLC (LON:RDSB), has provided processed 3D seismic data over the Pensacola Zechstein Reef prospect. The data package includes new Bluewater seismic data, acquired with Shell in August 2019 which has been merged with reprocessed legacy 3D data. Proprietary advanced processing technologies delivered a robust image over the Pensacola prospect and the partners will now update their interpretation of the prospect, Deltic said.

Eckoh PLC (LON:ECK) has secured a six-year contract extension worth £4mln to provide services relating to Londons congestion charge. The provider of secure payment products and customer contact solutions said the contract extends the existing agreement with Capita PLC (LON:CPI) and Transport for London (TfL). The extension is expected to see Eckoh deliver an expanded remit for the congestion charge service, providing customer contact centre solutions alongside the existing secure payments service.

Condor Gold PLC (LON:CNR) said it has “significantly” de-risked and progressed its La India gold project in Nicaragua. The company has acquired 85% of the land within the permitted La India open pit mine site infrastructure, including the key areas of the location of the processing plant, tailings storage facility, open pit, waste dump area and the explosive magazine. The tailings facility and two water retention ponds are being designed by Tierra Group, with 40% of engineering designs completed, while the design of the site-wide water balance including a surface water management plan is also underway.

Jubilee Metals Group PLC (LON:JLP) has tied up a deal that fully utilises its chrome processing capacity at the Windsor recovery plant in South Africa while acquiring access to new facilities in an agreement that will further enhance output. Under the terms of the transaction, it is targeting production of 40,000 tonnes of concentrate per month for the next three years. It has locked in a chrome sale price, therefore locking in an earnings margin, which will be enhanced by the rights to any platinum group metals (PGM) it recovers from discarded material.

Caledonia Mining Corporation PLC (LON:CMCL) has said its Blanket mine in Zimbabwe put in a strong financial and operating performance in the second quarter of 2020. The company noted that the coronavirus (COVID-19) pandemic had very little effect during the period with production continuing at around 93% of the targeted level during a three-week lockdown period that started in Zimbabwe on March 30. After the lockdown, production subsequently hit above par levels, which meant production for the quarter was only 1.2% below target. Production continued above target in July.

Bahamas Petroleum Company PLC (LON:BPC) has told investors it is making rapid progress as it familiarises itself with its newly expanded portfolio of assets following the recent acquisition of Columbus Energy. The company provided a new corporate presentation to communicate its new strategy, which chief executive Simon Potter highlighted that the benefits of BPC's portfolio are already being felt. "We are making rapid progress on familiarising ourselves with the potential of our recently expanded portfolio of assets,” Potter said in a statement.

Base Resources Limited (LON:BSE) has issued its mineral resources and reserves report for 2020 reflecting the introduction of resources for the Ranobe deposit at the Toliara Project, where a maiden resource was established in December, along with adjustments for the Kwale South Dune deposits for mine depletion. As of June 30, 2020, Ranobe comprised 1,293mln tonnes (Mt) at an average heavy minerals (HM) grade of 5.1%, giving it 66Mt of contained HM resources. Reserves amounted to 586Mt at an average HM grade of 6.5%, for 38Mt of contained HM. At the same date, Kwale South was estimated to be 246Mt at an average HM grade of 2% for 4.9Mt of contained HM. Reserves totalled 40Mt at 3.4% HM, for 1.4Mt of contained HM.

Personal Group PLC LON:PGH), a leading provider of employee services in the UK, has announced that its third dividend for 2020 of 5.9p per share will be paid on September 25, 2020, to holders on the register as at August 21, 2020, and the shares will be marked ex-dividend on August 20, 2020. As detailed in the company's trading update on August 7, while acknowledging the impact that the outbreak of the coronavirus (COVID-19), and the associated societal changes, have had on the business performance so far in 2020, the company has had a positive start to the year and maintains a strong balance sheet with no debt. As a result, the board has taken the decision to restore dividend payments for Q3 to normal levels following the reduction in the dividend payment in Q2. The board will again revisit and review the remaining 2020 dividend payment later in the year while continuing to monitor the impact of the COVID-19 situation on the business. This dividend, the third of four to be announced this year, represents a 1.3% increase over the equivalent period last year, reflecting a return to the company's progressive dividend policy.

Metal Tiger PLC (LON:MTR) has signed a binding commitment Read More – Source




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