Breaking Stories

Proactive weekly mining round-up: Greatland Gold, Nord Gold, Anglo American…

Greatland Gold PLC (LON:GGP) said the ongoing drilling programme at the Havieron gold-copper joint venture project in Western Australia continues to support the potential for resource expansion.

The latest results, announced by operator Newcrest Mining Ltd (ASX:NCM), consist of seven new drill holes from the ‘Growth Drilling’ programme. Newcrest has completed 164,420 metres of drilling from 190 holes to date, with all the latest holes continuing to intersect significant mineralisation, Greatland said

Nord Gold PLC confirmed its plans to sell shares on the London Stock Exchange as it highlighted “significant interest” among potential investors. No new funds will be raised, instead existing shares held by major shareholders Alexey Mordashov, Kirill Mordashov, and Nikita Mordashov will be sold to new investors.

Anglo American PLC (LON:AAL) said it completed the demerger of its thermal coal operations in South Africa, igniting criticism from research company Boatman Capital. The spin off of Thungela Resources Ltd (LON:TGA, JSE:TGA), which started trading today as a separate company on the London and Johannesburg stock exchanges

Kavango Resources PLC (LON:KAV) said drilling will start this month on the northern (Hukuntsi) section of the Kalahari Suture Zone (KSZ) in Botswana. It awarded a contract to Mindea Exploration and Drilling Services (Pty) to drill a minimum of two 500 metre “proof of concept” holes no later June 30.

Panthera Resources PLC (LON:PAT) announced the completion of an induced polarisation (IP) survey at the Bassala gold project in southern Mali and said it had identified several targets for follow up drilling.

Great Western Mining Corp PLC (LON:GWMO) said it completed its first-phase drilling programme for gold and silver at the Olympic gold project in Mineral County, Nevada.  Eleven holes across four target areas were satisfactorily completed, it said. 

Metal Tiger PLC (LON:MTR, ASX:MTR), a natural resources investor, said it bought 3.0mln shares in Southern Gold Ltd (ASX:SAU) for about A$225,000 (£123,000), taking its stake in the South Korea-focused gold explorer to 19.1%.

Europa Metals Ltd (LON:EUZ) announced “excellent” initial assay results from a Pre-Feasibility Study drilling programme at its Toral lead, zinc and silver project in Spain. Significant intersections from drill holes included 2.4 metres at 10.58% zinc equivalent (including lead and silver credits) and 20.45 metres at 2.68% zinc equivalent (including lead and silver credits). The AIM-quoted company said it is looking to source a drill rig and to begin drilling before the start of the wet season.

Prairie Mining Ltd (LON:PDZ) has seen its shares surge as it unveiled an £806mln claim against the Republic of Poland. To put that in context its market capitalisation before the announcement was just £29.69mln.

Cornish Metals Inc. (LON:CUSN, TSX-V:CUSN) announced an increase in resource estimates at the iconic South Crofty tin mine in Cornwall. An updated mineral resource estimate (MRE) showed a 10% increase in indicated resources in both the lower mine and upper mine areas and an almost 130% gain in inferred resources at the lower mine. The JORC-compliant MRE was divided into the lower mine and upper mine areas for reporting purposes.

Kodal Minerals PLC (LON:KOD) has moved a step closer to being granted a mining licence for its flagship Bougouni lithium project in southern Mali. Kodal received formal correspondence from the Direction Nationale de la Geologie et des Mines (DNGM) accepting a feasibility study and requesting an application fee for the delivery of the mining licence

Alien Metals Ltd (LON:UFO) said Capstone Mining Corp terminated an earn-in agreement relating to the Donovan 2 copper-gold project in Mexico.m “Capstone have decided not to proceed with the exploration on Donovan 2 advising that their corporate strategy has shifted and also that they did not receive sufficient confidence from their maiden drilling recently completed on Donovan 2 to continue,” said Bill Brodie Good, chief executive of Alien Metals.

Thor Mining PLC (LON:THR, ASX:THR) said a 2,000 metre diamond drilling programme started at the Alford East copper-gold project, in South Australia. The programme will focus on depth extension and structural delineation of the northern portion of the Alford East copper-gold deposit.

Condor Gold PLC (LON:CNR, TSX:COG) said it started an 8,500 metre infill drilling programme within the permitted high-grade La Mestiza open pit at La India project, Nicaragua.

Caerus Mineral Resources PLC (LON:CMRS) completed the acquisition of PR Ploutonic Resources Ltd, adding three advanced copper-gold exploration licences in the Republic of Cyprus. The licences – Troulli, Kokkinapetra and St. Nicholas – each host clear evidence of historic production and all three properties have excellent potential for discovery of further high-grade VMS copper-gold and epithermal gold deposits, the company said in a statement.

Trident Royalties PLC (LON:TRR) noted the completion of a US$73mln equity finance round by Moxico Resources, the operator of the Mimbula copper project in Zambia. Trident acquired a gross revenue royalty over Mimbula in June last year at a gross rate of 1.25% that decreases to 0.3% after payments of US$5mln. 

Mkango Resources Ltd (LON:MKA, TSX-V:MKA) and Grupa Azoty Zakłady Azotowe “Pulawy” SA (Grupa Azoty PULAWY) have agreed to develop a rare earth separation plant in Poland.

What's your reaction?

In Love
Not Sure

You may also like

Leave a reply

Your email address will not be published.