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Proactive news snapshot: Galantas Gold, Challenger Acquisitions, Kefi Minerals …

Published: 15:45 18 Jan 2018 GMT

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Galantas Gold Corporation (LON:GAL) has given investors an encouraging update on its ongoing mine development activities at its gold project in Omagh, Northern Ireland.

Challenger Acquisitions Limited (LON:CHAL) has invested in a second giant observation wheel project, this time in Dallas, Texas.

Kefi Minerals PLC (LON:KEFI) has upgraded the value of its Tulu Kapi project in Ethiopia. The junior, though, has ended its relationship with infrastructure group Oryx, which had previously agreed to provide US$135mln of project finance to build and operate the mine.

ImmuPharma PLC (LON:IMM) has completed the pivotal Phase III study of its Lupuzor lupus treatment, leaving it on track to publish top-line data from the current quarter.

FairFX Group PLC (LON:FFX), the electronic banking and international payments group, expects turnover and profits for 2017 to be ahead of market expectations.

Ortac Resources PLC (LON:OTC) has announced plans to expand and speed up its drilling after further encouraging gold assay results from its Akyanga deposit, the most advanced project at the CASA licence in the eastern Democratic Republic of Congo (DRC).

FFI Holdings PLC (LON:FFI) is to take over the running of German giant Allianz’s entertainment insurance arm, a business that has underwritten thousands of films and television series. Reel Media, acquired by FFI last month, has entered a strategic relationship with Allianz Global Corporate & Specialty (AGCS) to become the managing general agent for its US-based studio, independent film and television business as well as its US loan-out corporation and touring business.

Healthcare-led marketing consulting group Cello Group PLC (LON:CLL) said it traded well in 2017 with continued strong growth from its Cello Health division. Results should be in line with expectations.

Shares in Avacta Group PLC (LON:AVCT) edged higher on Thursday morning after the biotech praised the “strong technical and commercial progress” it has made over the past six months. Avacta is a pioneer of Affimer technology - small, engineered proteins that are capable of binding specific molecular targets, in a similar way to antibodies.

Project operator Egdon Resources PLC (LON:EDR) has revealed that the tussle over planning permission for the Wressle field is not over. The onshore UK company - alongside London-listed partners Europa Oil & Gas PLC (LON:EOG) and Union Jack Oil PLC (LON:UJO) - told investors that it will now make a new planning application to the North Lincolnshire council seeking consent for the Wressle field development.

Exploration partners Tullow Oil PLC (LON:TLW) and Eco (Atlantic) Oil & Gas Ltd (LON:ECO, CVE:EOG) have decided to take forward the Orinduik project, offshore Guyana, into Phase Two of its licence. It means the partners are committing to a new programme of seismic exploration, to gather at least 1,000 square kilometres of 3D data, though this work has actually already been undertaken (with some 2,550 square kilometres of data captured in September).

Shanta Gold (LON:SHG) has reported a strong final quarter of 2017 for its New Luika Gold Mine, in Southwest Tanzania, with gold production of 21,288 ounces, an increase of 17% on the third quarter.

BlueRock Diamonds PLC (LON:BRD) has taken its first samples from the K5 pipe at the Kareevlei diamond mine in Kimberley South Africa. While too small a sample to make firm conclusions, Adam Waugh, chief executive, said the results were encouraging and warranted further exploration.

Haydale Graphene Industries PLC (LON:HAYD), the global advanced materials group, has announced the appointment of Arden Partners as its nominated adviser to the group with immediate effect.

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