This week: A positive diagnosis for 3D, Motive motivates and a pat on the back for Patsystems
3D Diagnostic Imaging (3DD 6.75p / £11.51m)
3D Diagnostics, which owns the protected rights to a technology platform with a number of significant potential commercial products, announced that it was the proud recipient of the ‘Best New life Sciences Company in Scotland’ award at Scottish Enterprise Life Sciences 2011. Having previously won a prestigious US dental industry accolade for the CarrieScan Pro (3D’s handheld device for the early detection and monitoring of tooth decay), the Company is receiving well deserved recognition for its achievements and progress made in the US and Canadian markets. This should help 3D push forwards even more. Diagnosis… positive.
Altona Resources (LON:ANR) (ANR 12.75p / £53.74m)
AIM listed Australian based energy company last week provided a positive update on progress at the Arckaringa Coal-to-Liquids Project in South Australia. This is specifically for the Bankable Feasibility Study and the implementation of a work programme aimed at evaluating the conversion opportunities for the estimated 7.8bn tonne Arckaringa coal resource, of which 1.287bn tonnes are currently JORC complaint. We write on Altona for the first time and await news on the completion of reports that will underpin the design of the field drilling programmes by April 2011, and of starting the field programmes in mid 2011.
Amur Minerals (LON:AMC) (AMC 18p / £45.07m)*
AIM listed exploration and development company focused on Far East Russia last week announced the Company has received the last of its 2010 exploration programme results. A gridded soil geochemical sampling programme was completed over a 5.5 kilometre long area between the Maly Krumkon and Ikenskoe deposits, which includes the Gorni target located approximately midway between the two deposits. A near continuous, 3 kilometre nickel anomaly has been defined and links the Gorni target with the Maly Krumkon deposit. The intervening area and the approximately 800 metre long drilled Maly Krumkon deposit represent a structure approaching 4 kilometres in length. This anomalously mineralised area has been upgraded to a drill target. The drill target defined by the trenches and soil anomaly is three times longer than the drilled portion of the Maly Krumkon deposit. Amur has sufficient funding into early 2012 to fund the ongoing administrative costs and to undertake additional exploration in 2011…
