Power Metal Resources in demand after finding anomalies at Botswana project
A look at Friday s major share movers on the London Stock Exchange
Power Metal Resources PLC (LON:POW) added 4% to 2.45p before close after finding extensive anomalies at the South Ghanzi Project in Botswana.
These findings align closely with previous fieldwork conducted and the established regional exploration model for the discovery of major copper/silver deposits within the Kalahari Copper Belt.
“The exploration story at South Ghanzi continues to progress at pace and we eagerly await the next phase of results and drill testing of several of these high-priority targets,” said Paul Johnson, the chief executive of Power Metal Resources.
Pembridge Resources jumps by a third after positive Minto mine report
A look at the major movers on the London market on Wednesday
Shares in Pembridge Resources PLC (LON:PERE) have soared after a positive update on the Minto mine in the Yukon, Canada.
A report by JDS Engineering on the copper, gold and silver mine - where Pembridge has an investment in the operator - indicated its expected life had doubled to 8 years.
Total resources have been increased from 22.5mln tonnes to 24,1mln tonnes, with average annual production of 38mln pounds of copper. Average annual earnings are expected to exceed US$40mln from 2021 to 2025.
Follow Oliver on:
A glance at some of the day s highlights from the Proactive Investor s newswire
The City Pub Group PLC (LON:CPC) said trading has been encouraging since pubs were allowed to reopen for outdoor trading, with 24 of its 45 pubs open at present but unable to serve thirsty customers indoors.
Angling Direct PLC (LON:ANG) said it will meet market expectations for the current financial year after swinging to a profit during the pandemic.
Medica PLC (LON:MGP) said it is “very encouraged” by the current trajectory of the recovery and expect to see continued improvement in performance as the year progresses.