AIM movers: Artemis Resources update and Katoro Gold to refocus

Artemis Resources (LON: ARV) has published an update on the West Pilbara project exploration. This shows potential sub vertical orientation of pegmatites at Kobe and Osborne. The first drill hole potentially stopped short of the Osborne target. A drilling programme to test Osborne is planned for March to test near surface lithium rich zones. The share price increased 26.7% to 1.9p.

Semiconductors developer Sondrel (LON: SND) continues to recover previous share price losses even though it admits will need more cash before the end of March to secure its financial position. The share price has risen a further 22.8% to 12.25p. Last week, Sondrel revealed that it had received £1.5m form the customer where payments had been delayed. This has enabled deferred payments to be made by Sondrel.

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Diagnostics firm Angle (LON: AGL) says a peer-reviewed paper reveals the additional DNA information that can be obtained from circulating tumour cells. These cells can be separated from a patient’s blood by Angle’s Parsortix technology and then they can be analysed. The share price improved 16.2% to 19p.

ECR Minerals (LON: ECR) has published additional results for the drilling at the Davey Road site in the Creswick tenement. There is a significant increase in gold grades, as well as a greater prevalence. The second phase of drilling is underway.  The share price rose 14.3% to 0.28p.

Educational services provider Malvern International (LON: MLVN) increased 2023 revenues by 79% to £11.3m and it has moved back into profit. Student numbers were higher. Investment in senior employees will help the business continue to grow. The share price is 10% higher at 27.5p.


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Katoro Gold (LON: KAT) has raised £750,000 at 0.1p/share, along with warrants exercisable at 0.2p/share that could raise up to £1.5m, and it is planning board changes. Executive chairman Louis Coetzee is stepping down. Outstanding board fees of £91,000 have been reduced to £63,600. A new strategy will involve maximising value from existing interests and seeking new opportunities in critical metals, including uranium. Paul Johnson, who has previously run Power Metal Resources and Metal Tiger has been appointed strategic consultant. The company plans to change its name to Katoro Global Resources. The share price slipped 24.1% to 0.11p.

Tertiary Minerals (LON: TYM) has raised £375,000 at 0.08p/share. The share price fell 17.1% to 0.085p.Executive chairman Patrick Cheetham subscribed £20,000. The cash will be spent on the copper and precious metals projects in Zambia and Nevada.

Corcel (LON: CRCL) says testing of the Tobias-14 well in the onshore block KON-11 in Angola has begun. There were delays in delivery of testing equipment and flooding that delayed the commencement of testing. The initial flow test results should be available over the next few weeks. Corcel’s interest in the unproduced prospective resources of KON-11 is 11.7MMbls. The share price is 10.5% lower at 0.85p.

Oil and gas company Synergia Energy (LON: SYN) says discussions continue with the potential joint venture partner for the Cambay PSC farm out. This should be concluded this month. The share price declined 8.57% to 0.16p.

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