Block Energy (BLOE), the development and production company focused on Georgia, is pleased to announce that it has executed a binding Framework Agreement with Zhijiang Sanning Energy Co. Ltd for the farm-out of Project III.
Comment: It has been suggested here previously that in the currently environment even companies like BLOE and UOG can get over the line. This has been underlined by today’s announcement from BLOE. All we are waiting for now is Union Jack Oil (UJO)…
Ajax Resources Plc (AQUIS: AJAX), the natural resources investment company, announce that an Environmental Impact Assessment (“EIA”) has been formally submitted to the mining authorities for the Macacha Copper and Silver Project located in the Province of Salta, northern Argentina. The EIA provides a comprehensive summary of the environmental, social, community relations, and technical/geological aspects of the Project, together with details of the work programme proposed by the Company’s wholly owned local subsidiary, Ajax Salta S.A. (“Ajax Salta”). As previously announced on 2 March 2026, Ajax Salta holds an exclusive option-to-purchase agreement to acquire 100% of the Project.
Comment: The newsflow and the momentum continues at AJAX, something which is underlined by the pace of the company delivering this for shareholders. There is certainly enough here for the share price to be on the right side of 10p.
Orosur Mining Inc. (OMI) announced an update on the progress of exploration activities at the Company’s exploration project at Anzá in Colombia. Drilling 100m west of Pepas intersects significant gold mineralisation: PEP082, 26.4m @ 2.85g/t Au from 5.3m. PEP083, 14.45m @ 8.27g/t Au from surface. Mineralised material visually similar to Pepas with evidence of the same mineralising event.
Comment: Given today’s news it would appear that “The Baron” was correct to top up his holding in the shares recently below 20p. Ideally the shares now hold above the rising 200 day moving average now at 20.5p.
Wildcat Gold Plc (WCAT) announced that it has changed its name from Wildcat Petroleum Plc to Wildcat Gold Plc. The change of name reflects the Company’s focus to gold processing projects. The Board believes that the new name more effectively conveys the Company’s strategy going forward.
Comment: What’s in a name? Apparently quite a lot given WCAT’s move into gold processing. Ideally, once all the i’s are dotted and t’s crossed the company should hit the ground running as a gold processor in Sudan in coming months, something which the sharp rise in the share price over recent days underlines.
Zenith Energy Ltd. (ZEN), provides an update regarding recent submissions made by the Republic of Tunisia in connection with the ongoing arbitration proceedings before the International Centre for Settlement of Investment Disputes (“ICSID”) against the Republic of Tunisia by its fully owned claimant subsidiaries. The Republic of Tunisia has now formally recognised that the Robbana and El Bibane production concessions (the “Concessions”) are held by Zenith’s fully owned subsidiary, Ecumed Petroleum Tunisia Ltd.
Comment: Although ZEN is only saying “highly significant”, it could easily be said that the recognition by Tunisia basically admits that ZEN is right and it is wrong. Let’s see if the market and the ZEN share price cottons onto this sooner rather than later.
Bluebird Mining Ventures Ltd (BMV), the gold streaming and treasury company, provided the following update ahead of its Final Results for the 12-month period ended 31 December 2025, which the Company expects to publish by the end of April 2026. BMV has continued its progress across its investment pipeline and treasury platform, marking the transition from infrastructure build-out to active capital deployment.
Comment: Another company that gets psychotic defamation by unhinged commentators, purely due to arbitrary or merely personal reasons. At least the share price has delivered a recovery after my recent interview, and today’s RNS delivers no added drama.
Cobra (COBR), a South Australian mineral exploration and development company, is pleased to report results from a further 12 reverse circulation drillholes from the Blue Rose copper-gold-molybdenum discovery and associated targets within the Manna Hill Copper Project, located in the Nackara Arc, South Australia.
Comment: Shares of COBR have been rangebound since September, something which is perhaps rather disappointing given the macro-environment. Ideally today’s news starts to move the dial as far as a fresh leg to the upside for the stock after all these months.
Kodal Minerals (KOD), the West African lithium producer, mineral exploration and development company, provides an update on mining, processing, export and development activities at the Bougouni Lithium Project for the three months ended 31 March 2026. Quarterly production of 26,981 tonnes spodumene concentrate grading 5.28% Li2O. March production exceeded 10,900 tonnes at 5.28% Li2O and is the highest monthly production recorded to date at Bougouni.
Comment: Perhaps rather surprisingly, we have seen the market treat KOD as if it is still a developer, rather than a solid producer, at a time when the market is hungry for product. It seems unfair that the shares are currently still near the low end of the range.
hVIVO plc (HVO), a purpose-built, full-service international clinical development partner and the world leader in human challenge trials, announces that it has signed a Clinical Trial Agreement (“CTA”) to conduct a human challenge (HCT) trial on behalf of Traws Pharma (NASDAQ: TRAW), a clinical-stage biopharmaceutical company developing novel therapies for respiratory viral diseases. The trial will test Traws’ prophylactic antiviral candidate, tivoxavir marboxil (“TXM”), using the hVIVO Influenza Human Challenge Study Model. TXM is an investigational oral, small molecule CAP-dependent endonuclease inhibitor designed to be administered as a single-dose for the treatment of seasonal influenza and bird flu.
Comment: Of course, the contracts keep coming in for HVO, it is just that the disconnect between this and the share price continues. That said, with the shares knocking on the door of their 200 day moving average, we may finally be seeing a sustained turnaround through 10p.
