Proactive weekly mining highlights: Base Resources, Trident Royalties, Amur Minerals, AfriTin Mining
Red Rock Australasia PLC, a joint venture between Red Rock Resources PLC (LON:RRR) and Power Metal Resources (LON:POW) has applied for an additional tenement in the Central Victoria Goldfields of Australia called Kilmore West.
Trident Royalties PLC (LON:TRR, FSX:5KV) said it is paying A$800,000 in cash and shares for a package of four existing gold royalties in Western Australia.
Ncondezi Energy Limited (LON:NCCL) said it has signed a shareholder agreement term sheet with China Machinery Engineering Corporation (CMEC) which will see it maintain a 40% stake in its 300-megawatt coal-fired power project and coal mine in Mozambique.
Panther Metals PLC (LON:PALM) said it has identified a structural zone at its Marrakai gold project in Australia’s Northern Territory.
Europa Metals Ltd (LON:EUZ) has announced metallurgical test-work results for its Toral project that “demonstrates excellent lead, zinc and silver recovery and grades”.
Power Metal Resources PLC (LON:POW) said a natural field audio magneto telluric (NFAMT) survey has been completed at the Molopo Farms Complex project in Botswana, which is 40% owned by Kalahari Key Mineral Exploration (KKME), in which the company holds an 18.26% holding.
Alien Metals Ltd (LON:UFO) said it has identified maiden exploration targets at the Brockman and Hancock Ranges sites at its Hamersley Iron Ore project in Australia.
Pembridge Resources PLC (LON:PERE) has announced the second shipment of copper concentrate from the Minto mine, in Canada’s Yukon region.
W Resources PLC (LON:WRES) has highlighted improved recoveries of tungsten and tin at its La Parrilla project in Spain following a realignment of the mine plan at the site.
Power Metal Resources PLC (LON:POW) said it has begun exploration at the Silver Peak project in British Columbia in Canada.
Thor Mining PLC (LON:THR) (ASX:THR) has received assay results from gossan rock chip sampling at the 100%-owned Pilbara Goldfield tenements in Western Australia, which indicate the gossan is strongly anomalous for nickel over the entire 900 metres strike length.
NQ Minerals PLC (AQSE:NQMI)(OTCQB:NQMLF) is to restart exploration at its highly prospective Hellyer project in the Mt Read volcanic belt, a geological terrain in north west Tasmania renowned for large scale and high-grade polymetallic deposits.
Danakali Ltd (ASX:DNK) (LON:DNK) (OTCMKTS:SBMSF) will continue to focus on closing the required financing and progressing with project development of the Colluli Sulphate of Potash Project in Eritrea during the remainder of 2020.
AEX Gold (LON:AEXG) has mobilized its workforce in Greenland, with the site fully staffed since August 15 as it plans extensive exploration work in Greenland ahead of planned underground development work scheduled for 2021.
Eurasia Mining PLC (LON:EUA) said it has been granted a licence for the Monchetundra Flanks project in Russia by the regional licensing body, SevZapNedra.
Jubilee Metals Group PLC (LON:JLP) has executed a deal that sees the company become operator of a project to recommission and restart a chrome beneficiation plant in South Africa.
Amur Minerals Corporation (LON:AMC) has raised £6.1mln (US$7.97mln) via a share placing alongside a deal to gain an interest in the Roper Bar iron ore project, in Australia’s Northern Territory.
Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (OTCMKTS:WHELF) has completed the retail component of the 1 for 3.2 pro-rata accelerated non-renounceable entitlement offer, which formed part of the company’s underwritten A$98.5 million equity raising.
Sunrise Resources PLC (LON:SRES) has now raised a total of £1mln as further shares were issued to satisfy demand from existing shareholders.
Bezant Resources PLC (LON:BZT) has raised £625,000 to fund new exploration at the Hope copper-gold project in Namibia.
Anglesey Mining PLC (LON:AYM) has raised £200,000 via a placing of 12.5mln new shares at 1.6p.
Strategic Minerals PLC (LON:SML) has appointed London-based Natural Resources Global Capital Partners Limited to provide strategic and financial advice regarding advancing the Redmoor tin and tungsten project. NRG is an independent advisory firm and merchant bank focused on the global metals and energy industries.
Base Resources Ltd (LON:BSE) booked revenue of US$208mln during the year ended June 30, 2020, and has declared a maiden dividend of A$0.035per share.
Shanta Gold Ltd (LON:SHG) booked revenue of US$73mln from gold production at its mine in Tanzania during the six months to June 30, 2020, up from the US$53.6mln booked in the corresponding period in 2019.
AfriTin Mining Ltd (LON:ATM) hailed a “transformational” year after it achieved initial production of tin concentrate and first revenues.
AEX Gold Inc’s (LON:AEXG) (CVE:AEX) chief executive has hailed a “significant increase in activity” across its portfolio in the first half of its current year.
Ariana Resources PLC (LON:AAU) saw an 18% increase in gross income from its Kiziltepe Mine in Turkey, buoyed by a fall in costs below US$500 per gold ounce, a rise in stockpiled silver sold and higher precious metals prices.
Galantas Gold Corporation (LON:GAL) said in its second-quarter results statement that certain underground work continued at its Omagh mine in the first half of 2020.
MetalNRG PLC (LON:MNRG) said it is close to completing a deal to acquire a UK oil and gas business, although due to COVID-19 restrictions the formal completion of the transaction has been delayed.
Metal Tiger PLC (LON:MTR) told investors it has subscribed for new equity in Sable Resources Ltd (CVE:SAE), with the investment set to give it a 1.05% stake in the company.
Metal Tiger PLC (LON:MTR) has noted that Southern Gold Ltd, a company in it owns an approximate 17.1% equity interest has published an update with regard to it entering into a strategic partnership agreement with Ausino Drilling Services Pty Ltd in support of the delivery of mineral exploration drilling services in South Korea.
Shareholders in Kalahari Minerals Ltd, in which Metal Tiger PLC (LON:MTR) holds a 62.17% interest, have entered into a binding heads of agreement with Cobre Ltd (ASX:CBE), in which Metal Tiger has a 18.79% interest, under the terms of which Cobre will acquire up to 51% of Kalahari Metals.
Mkango Resources Ltd (CVE:MKA, LON:MKA) said a government delegation has expressed satisfaction with development work at its Songwe Hills rare earths project in Malawi.
Emmerson PLC (LON:EML) has announced the findings of a socio-economic study which confirms that the Khemisset potash project in Morocco will provide significant benefits at local, regional and national levels.
Oracle Power PLC (LON:ORCP) said the firm, alongside its consortium partners China National Coal Development Company Ltd and the private office of His Highness Sheikh Ahmed Bin Dalmook Juma Al Maktoum, have been invited to meet with the Private Power and Infrastructure Board (PPIB) in Pakistan to present implementation plans for the Thar Block VI project with a view to finalising a letter of intent (LOI).
Asiamet Resources Limited (LON:ARS) has appointed Indonesian local Leonard Aurlianus as its Chief Financial Officer.
IronRidge Resources Limited (LON:IRR) said it has been accepted as a member of the European Battery Alliance (EBA250).