Shares in Strategic Natural rose after it said the company compiling its resource update was including newly identified areas.
The South African miner has commissioned Minxcon to compile a resource update and a full reserve statement covering the company's resource base.
"Minxcon are currently incorporating data from additional areas which have been identified as part of this process and the report will be finalised once this has been included," the firm said.
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"Management anticipate that the results of this report will be able to be released before the end of October."
The company's shares were up 6.3% by 1100 on Wednesday.
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