Resources Round-up: Ferrex, Egdon, Sirius...

Also contained in this round-up are Stratex Intl and Regency Mines

Ferrex, an iron ore and manganese development company, has received approval from the Department of Mineral Resources of South Africa to take control of Umbono Minerals Holdings, which holds exploration rights over the Leinster Manganese Project in the Northern Cape Province, South Africa. Accordingly, the group's interest in Leinster has increased from 49% to 74%. No further consideration is payable by Ferrex in respect of the acquisition of this further 25% interest as the full consideration was paid previously.

Oil firm Egdon Resources has reported that production for the half year to January 31st was 29,624 barrels of oil equivalent (boe), an increase of 67% over the same period last year. This equates to 161 boe per day. Revenues from oil and gas sales during the period were £1.54m, a 71 % increase on 2011 (£0.9m).

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