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London stocks closed in the green on Monday, despite growing concerns about rising coronavirus infections in the US.
West Africa-focussed exploration company Oriole Resources announced on Monday that a 10,000 metre air core drilling campaign has begun at the Faré target within its Senala project in Senegal, where its joint venture partner Iamgold had the option to spend up to $8m to earn a 70% interest.
Phoenix Copper announced the results of the initial metallurgical test work for the recovery of precious metals occurring in the Empire Mine deposit on Monday, reporting that tests performed on samples from the open pit using non-toxic ammonium thiosulfate reagent resulted in high gold recoveries of 97. 8% and 97. 7%, and silver recoveries of 69. 8% and 78. 2%, respectively.
Arc Minerals announced the start of the second season of exploration activities over the Zamsort and Zaco license areas in north western Zambia on Monday.
OptiBiotix Health announced the launch of its ‘WellBiome’ product on Monday, which it described as a proprietary blend of prebiotic functional fibres, functional dietary fibres and minerals, optimised for health and wellbeing by promoting the diversity of the gut microbiome.
Oilex announced on Monday that the sale of its 40% participating interest in the Bhandut production sharing contract (PSC) has “substantially” progressed.
WH Ireland has executed a conditional agreement with Ravenscroft Holdings to dispose of its Isle of Man subsidiary, WH Ireland IOM, it announced on Monday.
Pawnbroker H&T Group updated the market on its operations on Monday, reporting that all of its stores had now reopened following the Covid-19 closure order on 23 March, which led to its entire estate being temporarily out of action and a resulting “material impact” on revenues.
Omega Diagnostics updated the market on an announcement from the UK Rapid Test Consortium (UK-RTC) on Monday, developing a Covid-19 lateral flow antibody test that could be used by people in their homes.
Gold and base metal exploration company Rockfire Resources has completed a placing of new shares, it announced on Monday, raising gross proceeds of £1m.
Business media company Bonhill Group said on Monday that it was trading “marginally ahead” of its expectations as released on 9 April, as it was continuing to work remotely.
Markets in Asia finished mostly in the red on Monday, as investors digested fresh retail sales data from Japan and continued to watch the latest developments in the Covid-19 coronavirus pandemic.
GlaxoSmithKline announced the approval of a Japanese New Drug Application (JNDA) by the Ministry of Health, Labour and Welfare in that country on Monday, for ‘Duvroq’, or daprodustat tablets.
TBC Bank Group announced on Monday that it has launched its banking operations in Uzbekistan, initially in a pilot mode for "friends and family", with plans to extend its services to the broader population in August.
London open The FTSE 100 is expected to open 43 points lower on Monday, having closed up 0. 2% at 6,159. 30 on Friday.