Proactive news headlines: Capital, Adriatic Metals, Ethernity Networks, Avation…


Capital Ltd has reported the strongest half-year in its history with revenues up by 52% and operating profits more than doubling as gold drilling activity continues to increase.

Adriatic Metals PLC (LSE:ADT1, ASX:ADT, FRA:3FNA, OTCQX:ADMLF)’s Vares silver project in Bosnia and Herzegovina has been valued at US$1.06bn in a final definitive feasibility study.

Ethernity Networks Ltd (AIM:ENET, FRA:82N) said it will focus most of its research & development resources toward delivering complete system solutions as opposed to licensing deals after achieving a change in revenue mix in the first half of the year.

Power Metal Resources PLC (AIM:POW, FRA:2M5) said it has identified substantial nickel and gold exploration targets following a soil sampling programme at its Tati project in Botswana.

Oriole Resources PLC (LSE:ORR, FRA:S1Y) said multiple areas of elevated gold concentrations have been identified on the Central Licence Package (CLP) in Cameroon.

Condor Gold PLC (AIM:CNR, TSX:COG, FRA:W5XA, OTC:CNDGF) said it received all assay results from its drilling programme in the La India starter pit, part of the La India project in Nicaragua, and met its key objectives.

Avation PLC (LSE:AVAP) is to receive some money from the administrators of collapsed airline Virgin Australia (ASX:VAH) but does not yet know how much or when.Panthera Resources PLC (LSE:PAT) said the expanded induced polarisation (IP) survey at the Kalaka Project in southern Mali has enhanced the definition of existing targets as well as identified several additional ones.

Ariana Resources PLC (AIM:AAU, FRA:4A6) reported drilling results from the Karakavak area, northeast of the Kiziltepe gold-silver mine in western Turkey, and said a resource estimate and the definition of an exploration target was underway.

Empire Metals Ltd (AIM:EEE) has kicked off reverse circulation drilling at the Central Menzies gold project in Western Australia.

Cloudbreak Discovery PLC (LSE:CDL) has signed up a new partner which has optioned the Atlin West gold-silver project in British Colombia, Canada.

Bradda Head Holdings Ltd (AIM:BHL) has hired Terravision Exploration which will conduct geophysical programmes across three lithium projects in Arizona.

Helium One Global Ltd (AIM:HE1) has begun drilling the Tai-2 exploration well at the Rukwa Project in Tanzania.

Custodian REIT PLC (LSE:CREI) has acquired a 29,676 sq ft industrial unit on Wester Gourdie Industrial Estate, Dundee, adjacent to the A90 for GBP1.9mln.


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