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Proactive news headlines: Panther Metals, Belvoir, Pembridge Resources…

Panther Metals PLC (LON:PALM) said a new target has been defined at its majority-owned Merolia gold project in Western Australia. The first auger drilling programme over the project discovered a significant gold anomaly that extended over 5km x 2.5 km in the central part of licence E38/3384.

Belvoir Group PLC (LON:BLV) said trading in the first four months of 2021 was materially ahead of management’s expectations.

Pembridge Resources PLC (LON:PERE) said it is planning to issue convertible loan notes worth up to US$2mln to fund potential future investment opportunities.

Iconic Labs PLC (LON:ICON) said following the completion of requisite regulatory checks, Dr Christoph Manthe will be immediately appointed to the board as a non-executive director.

Litigation Capital Management Limited (LON:LIT) said Patrick Moloney, chief executive, Mary Gangemi, chief financial officer and Nick Rowles-Davies, executive vice-chairman, will provide a live investor presentation on June 9 at 10am that is open to all existing and potential shareholders.

Tharisa PLC (LON:THS) said its growth strategy remains on track after a first half that saw steady improvements in mined and processed tonnes and a strong recovery in platinum group metal prices.

AEX Gold Inc (LON:AEXG) (CVE:AEX) said critical contracts to advance the 2021 exploration and limited infrastructure early works programme at its Nalunaq gold mine in South Greenland have been signed and work is expected to start in early June.

XLMedia PLC (LON:XLM) said it has made a solid start to 2021 and expects to continue profitable revenue growth in the medium-term while reducing costs to rebuild margins.

Sunrise Resources PLC (LON:SRES)  has appointed James Cole as an independent non-executive director to replace David Swan, who is stepping down from the role after nine years, the maximum term recommended under the UK corporate governance code. Most recently Cole was finance director for the Goal Group and was formerly chief financial officer for Cominco Resources (UK).

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