Feasibility Study Update: Macarthur Minerals (TSX-V: MMS) (ASX: MIO) moves ahead with mine design for Lake Giles Iron Project. Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that Macarthur Minerals (TSX-V: MMS) (ASX: MIO) (the Company or Macarthur ) has updated on the progress made on the mining and haulage components of the Feasibility Study for the Lake Giles Iron Project. Macarthur has been working with Orelogy Mining Consultants ( Orelogy ) and Pells Sullivan Meynink ( PSM ) on the mine design and road haulage aspects of the Project. · Macarthur engagement of Orelogy and PSM on mine design, geotechnical design and road haulage pricing.
TRADING UPDATES: UK Oil & Gas annual loss widens on impairments
Fri, 16th Apr 2021 19:37
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
UK Oil & Gas PLC - London-headquartered exploration and production company - Posts pretax loss for the year ended September 30 last year of GBP20.9 million, widening from GBP5.4 million a year prior. Revenue increases to GBP908,000 from GBP213,000. Books GBP10.7 million impairment expense, up from GBP2,000 the year before. Does not declare a dividend, unchanged from the year prior. I have experienced many oil price downturns in my career, but none have been as unexpected or severe as 2020. Fortunately, the company and industry have been resilient enough to survive and adapt and to witness the hoped for bounce back in oil price. We all hope this will be long lived, says Chief Executive Stephen Sanderson.