African Aura Mining (LON:AAAM) (AAAM 167.75p/£144.02)

Established exploration and development company listed on the TSX as well as on AIM announced the filing of its 43 101 resource statement detailing 1.51 million ounces of gold at 3.78 g/t Au including 5,599,000t at 4.17 g/t (for 751,000 ounces) in the indicated category and 7,040,000t at 3.40 g/t (for 762,000 ounces) in the inferred category, with the deposit remaining open at depth and along strike. The entire indicated resource is within potential open pit depth from the surface and management is targeting a production profile of approximately 100,000 ounces per year for the open pit material – at a no doubt very attractive extraction cost per ounce.

African Eagle Resources (LON:AFE) (AFE 11.25p/£43.29m)

Following our recent positive comments on the Company, we were not surprised by the announcement that Anglo Pacific PLC has increased its holding to 17.275m shares (4.49 per cent of the issued share capital). Anglo Pacific is a very well respected and successful investor in mining companies and investors could do worse than follow their lead. 

Avanti Communications Group Plc (LON:AVN) (AVN 712p/£604.85m)

Following on from the announcement of contract wins last week, Avanti has signed a 3 year managed services contract with the Spanish service provider NASSAT - Network & Satellite Systems de España – which provides satellite communication services mainly to enterprise and media customers and also has specialist contracts with fire services and television stations. We expect there to be further news of additional customers in the not too distant future.

Beacon Hill Resources (LON:BHR) (BHR 14.25p/£67.04m)

The AIM listed resource company, announced that BHR Mining Limited, the Company's subsidiary, has acquired 100 per cent ownership and control in the Minas Moatize coal mine in Mozambique and remains fully funded ahead of the development of producing coal from the planned large open pit mine by Q1 2012. Given the unique geological location of the mine and the potential of the Tete province, Management is expecting promising results from the project.

BGlobal Plc (LON:BGBL) (BGBL 41p/£40.79m) 

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