Tower Resources plc reported preliminary audited consolidated earnings results for the year ended December 31, 2016. For the period, the company reported group operating loss of $23,281,813 compared to $9,783,144 a year ago. Loss for the period before taxation was $23,287,972 compared to $9,792,169 a year ago. Loss for the year after taxation was $23,287,972 compared to $9,792,169 a year ago. Basic and diluted loss per share was 48.59 cents compared to 48.39 cents a year ago. Cash used in operating activities was $1,578,294 compared to $5,665,297 a year ago. Purchase of property, plant and equipment was $257 against $78,858 a year ago. Exploration and evaluation costs were $3,398,897 against $7,105,345 a year ago.