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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UK sold house prices fall again amid mortgage rates uncertainty, ONS House Price Index showsNews The latest Office for National Statistics (ONS) analysis of UK sold house prices data showed they remained down year-on-year.
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UK inflation slowed again in March – but a rate cut could be some months awayThe latest Consumer Price Index (CPI) data came in at 3.2% for March. This was slightly higher than some economists expected, but takes us closer to the Bank of England’s 2% inflation target.
