Resource round-up: Sirius Minerals, Matra, AFC Energy

published 5 July 2012

Global potash firm Sirius Minerals reported promising results at its project in York. It said a third borehole at the site had revealed lateral consistency of the deposit, which the firm said was an important step to achieve sufficient defined resource to underpin financing of the project.

AFC Energy, the industrial fuel cell power company, said it had seen "very significant progress for the company on its road to commercialisation" in the six months to the end of April. The firm widened losses in the period to £2.1m, equivalent to a loss of 1.04p per share.

Matra, an independent oil and gas exploration and production company with operations in Russia, announced that Canaccord Genuity had been appointed as nominated adviser and broker to the company with immediate effect.