LONDON (ShareCast) - (ShareCast News) - Noricum Gold posted a narrower pre-tax loss for the six months ended 30 June from the same period last year, as it said the "investment case has never looked stronger".
The base and precious metals exploration and development company, which has no revenue, said its cash position at the end of the period was £857,740.

Noricum said its acquisition of 50% of the Bolnisi Copper & Gold project in Georgia has transformed it from a pure grass roots explorer into a major resource developer.

Managing director Greg Kuenzel said: "With exploration work ongoing at Walchen and work commencing on two priority targets within the Bolnisi license area, the company is positioning itself for high volume news flow whilst it undergoes rapid growth over the next 12 months.

"We look forward to providing further updates as the results of the various work programmes currently underway come to fruition."

At 1235 BST, Noricum shares were up 5% at 0.1470p.

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