It’s a quiet start to the week, but Guardian Metal Resources, the £160m market cap tungsten exploration and development company, this morning delivered an update on its Garfield project in Nevada. Recent surface sampling has revealed high grade gold, silver and copper mineralisation. The current prices of metals makes it economically productive to recover these resources, too. The Guardian Metals share price was up more than 7% in early trade.
There was a business and trading update out today from Empiric Student Properties, the landlord that focuses on postgraduate accommodation. This painted a slightly challenging picture with slowing sales rates meaning that lettings targets for the current academic year will now be difficult to meet, although that sits beneath the fact that around a month ago, Unite Group agreed to acquire Empiric in a cash and shares offer. The Empiric share price is actually finding support in early trade, up 2% although the Unite Group share price is faring less well, trading 2% lower.
The AIM listed investment company has advised that objections placed against its Whale Head Minerals subsidiary’s application to mine an area in South Africa have been withdrawn. This move follows discussions where Whale Head committed to updating its rehabilitation planning, scientific monitoring, and reporting measures, and ought to see mining rights now issued in a timely manner. The area is seen as highly prospective and the Kazera Global share price was up more than 10% shortly after the open.
Most read news on Investegate this morning
Statement re Press Comment - - M&C Saatchi (SAA)
