The government of Mali has partially lifted the suspension of the allocation of mining titles. This is potentially good news for Cora Gold (LON: CORA) and its Sanankoro gold project. Progress can be made, and the company will apply for a mining permit covering the Bokoro II, Kodiou and Sanankoro II areas. The share price increased 29% to 4p.
Investment company Mindflair (LON: MFAI) has sold its direct stake in Getvisibility to Forcepoint, a data and cloud security business, for £1.8m. Mindflair also had an indirect interest in Getvisibility via Sure Valley Ventures Fund and Sure Ventures (LON: SURE) and it should receive a further £800,000 from a distribution by the fund. The share price roe 18.8% to 0.95p.
Dekel Agri-Vision (LON: DKL) says February crude palm oil production was 6% lower at 3,527 tonnes as better extraction rates only partially offset the reduced crop. Year-on-year sales volumes rose 28.5% because of the timing of sales. The average sales price was €950/tonne, which is well above the average price assumption of €775/tonne for 2025. Palm kernel oil production rose, and the average price jumped 54.4% compared with one year ago. Raw cashew nut purchasing has started, and production rates are increasing. Quarterly data will be published next month. The share price improved 11.1% to 1.25p.
Empire Metals (LON: EEE) has reported positive test results and delivered a product which assayed at 91.6% TiO2. Purification and product finishing steps have been optimised. There are limited levels of deleterious elements. Larger scale test work will be undertaken. The share price is 5.56% higher at 11.4p.
Sovereign Metals (LON: SVML) says test work on coarse flake graphite from the Kasiya test mine in Malawi shows purification to 99.95% using acid purification and 99.98% using alkaline purification. This means that the graphite is suitable for powder metallurgy, isostatically pressed refractory products and foils and sheets. The share price moved up 4.55% to 46p.
FALLERS
Shares in Biome Technologies (LON: BIOM) slid a further one-fifth to 1p ahead of the general meeting on 13 March to gain shareholder approval to leave AIM.
Savannah Energy (LON: SAVE) has completed the acquisition of Sinopec International Petroleum Exploration and Production Company Nigeria, which gives it 100% of the Stubb Creek oil and gas field. This produces 2,700 barrels of oil equivalent/day and there are plans to increase production. The Stubb Creek field petroleum mining lease lasts until 2043. The share price fell a further 8.98% to 9.375p.
On Friday evening, Huddled (LON: HUD) reported a February trading update. The circular ecommerce company generated revenues of £1.5m in February and in the first six days of March has generated £350,000. Additional warehouse space will not be operational until the end of April/early May. The share price slipped 5.71% to 3.3p.