http://www.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Thu, 29 Jun 2017 15:21:08 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Notifications of transactions by Directors ]]> http://www.proactiveinvestors.co.uk/companies/rns/170619sgz4022i/ Mon, 19 Jun 2017 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170619sgz4022i/ <![CDATA[News - Scotgold shares jump as it agrees first sales to jewellery industry ]]> http://www.proactiveinvestors.co.uk/companies/news/178886/scotgold-shares-jump-as-it-agrees-first-sales-to-jewellery-industry-178886.html Scotgold Resources Ltd (LON:SGZ) saw its shares jump today on news it has signed a sales agreement with two of Scotland's pre-eminent manufacturing jewellers.

The agreement covers the first refining batch of around 16 ounces of branded Scottish gold made available for jewellery and only the second refining batch produced to date from Scotgold's bulk processing trial at the Cononish gold and silver mine.

The AIM-listed firm said the deal involves significant input from both Baird & Co, as the appointed refiner, and the Edinburgh Assay Office who will verify the gold’s provenance through a closely monitored chain of custody.

READ: Scotgold to push ahead with projects in France and Portugal

Whilst all the parties have agreed to keep the precise terms of the sale confidential, the premium received was in excess of the 30% reserve stipulated for the Scottish Gold Rounds, which were auctioned in November 2016.

Upon delivery of the Scottish Gold and the production of the first unique pieces, the two authorised jewellers will make further announcements as to where and how these pieces can be obtained.

In addition to the production of Scottish Gold, the bulk processing trial continues to produce gold in the form of pyrite concentrate, of which approximately 53 wet metric tonnes have been shipped and sold under the November agreement with Ocean Partners.

In early morning trading, Scotgold shares were 10.5%, or 0.05p at 0.52p.

 -- Adds share price --

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Wed, 07 Jun 2017 08:09:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/178886/scotgold-shares-jump-as-it-agrees-first-sales-to-jewellery-industry-178886.html
<![CDATA[RNS press release - First Scottish Gold Sale ]]> http://www.proactiveinvestors.co.uk/companies/rns/170607sgz3504h/ Wed, 07 Jun 2017 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170607sgz3504h/ <![CDATA[RNS press release - Company Secretary Change ]]> http://www.proactiveinvestors.co.uk/companies/rns/170519sgz6894f/ Fri, 19 May 2017 12:31:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170519sgz6894f/ <![CDATA[News - Scotgold to push ahead with projects in France and Portugal ]]> http://www.proactiveinvestors.co.uk/companies/news/177704/scotgold-to-push-ahead-with-projects-in-france-and-portugal-177704.html Scotgold Resources PLC (LON:SGZ), the owner of the Cononish gold mine in Scotland,  is to push ahead with further exploration at projects in Portugal and France as it looks to broaden its portfolio.

Rock chip samples at Pomar in Portugal indicated high grades of goal and antimony, while at Vendrennes in France, Scotgold has been awarded an exploration permit and will now start to review the data from the historic antimony workings.

"Our efforts in France and Portugal have now resulted in us having prospective assets in both countries,” said Richard Gray, Scotgold’s chief executive. 

“In the first year's work at Pomar we have been able to cost effectively add to our knowledge of the area and demonstrate its potential.

“In France we will now have full access to the historical data relating to Vendrennes and our first step will be to analyse this. 

“These assets could form an important part of Scotgold's future project pipeline and growth path beyond Cononish". 

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Fri, 12 May 2017 08:08:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/177704/scotgold-to-push-ahead-with-projects-in-france-and-portugal-177704.html
<![CDATA[RNS press release - Update on Exploration Assets ]]> http://www.proactiveinvestors.co.uk/companies/rns/170511sgz9340e/ Thu, 11 May 2017 17:53:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170511sgz9340e/ <![CDATA[RNS press release - Conversion of Options ]]> http://www.proactiveinvestors.co.uk/companies/rns/170508sgz4546e/ Mon, 08 May 2017 09:15:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170508sgz4546e/ <![CDATA[RNS press release - BFS Executive Summary ]]> http://www.proactiveinvestors.co.uk/companies/rns/170407sgz9120b/ Fri, 07 Apr 2017 08:57:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170407sgz9120b/ <![CDATA[News - Scotgold Resources says trial mining is going well ]]> http://www.proactiveinvestors.co.uk/companies/news/175660/scotgold-resources-says-trial-mining-is-going-well-175660.html Scotgold Resources Limited (LON:SGZ) has told investors that its trial mining operation is going well, measuring ahead of its design throughput.

The company said that the bulk processing trial at the Cononish mine, in Scotland, was handling in excess of the anticipated 1.5 tonnes per hour rate, and average monthly production has amounted to 424 wet metric tonnes since September.

That said, it also noted that the average grade of material treated so far was 6.3 grams per tonne, rather than the global estimate of 7.9 grams per tonne for the whole ore stockpile.

In terms of metallurgy, the company noted that recoveries to date measured 64%, though analysis suggests a recovery rate of 93% could be possible with the planned production plant.

It also had positives to report from its testing and analysis of possible leaching arrangements.

The company also noted that it has now drawn £1mln under an existing secured loan facility, meanwhile, several longer-term funding proposals are presently underway.

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Thu, 30 Mar 2017 08:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/175660/scotgold-resources-says-trial-mining-is-going-well-175660.html
<![CDATA[RNS press release - Activities Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/170330sgz9515a/ Thu, 30 Mar 2017 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/170330sgz9515a/ <![CDATA[News - Scotgold Resources narrows losses as it looks to press on at Cononish ]]> http://www.proactiveinvestors.co.uk/companies/news/174997/scotgold-resources-narrows-losses-as-it-looks-to-press-on-at-cononish-174997.html Scotgold Resources Ltd (LON:SGZ) told investors on Friday that it narrowed its losses in the first half of its year, as its focus remains firmly on its Cononish gold project in Scotland.

The company lowered its losses for the six months to 31 December 2016 to US$789,000, compared to the US$875,000 loss it posted last year.

The reduction was mainly down to lower overall costs as well as the small amount of income generated last year from the sale of the first gold produced at Cononish.

At the end of the period, Scotgold had US$329,400 in cash, compared to US$861,646 it had at the end of 2015.

The focus is still very much on Cononish, which got a boost earlier this week after an updated bankable feasibility study added “significant value” to the project.

The original BFS, completed back in August 2015, suggested a pre-tax net present value of £23mln although that has now been significantly increased to £43mln.

The updated study has also upped the life of mine EBITDA (underlying earnings) to £100mln from £67mln, while the peak funding requirement has gone the other way, from £18.5mln to £7.4mln.

As well as boosting the economic side of the project, the BFS also indicated that the ‘phased project’ development option would be the “most favourable”.

The first phase – which is set to be up and running by early 2019 – will see Scotgold process 3,000 tonnes per month (tpm) of ore, before ramping up to 6,000tpm by the third quarter of 2021.

Of course that’s all subject to obtaining the necessary permits and financing, but Scotgold seems confident and expects final permission for underground development work to be awarded by the first quarter of 2018, with work starting the following quarter.

As for the financing, the miner has agreed a £1mln loan facility with its chairman, Nat le Roux, although £0.3mln of this will be used to pay back an existing loan to le Roux.

The loan, which is for one year and carries interest of 10% per annum, is expected to provide enough working capital to fund Scotgold through the planning application process.

Shares in Scotgold were down 5% on Friday to 0.5p.

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Fri, 17 Mar 2017 13:45:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/174997/scotgold-resources-narrows-losses-as-it-looks-to-press-on-at-cononish-174997.html
<![CDATA[RNS press release - INTERIM FINANCIAL REPORT 31 DECEMBER 2016 ]]> http://www.proactiveinvestors.co.uk/companies/rns/170317sgz7536z/ Fri, 17 Mar 2017 08:58:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/170317sgz7536z/ <![CDATA[Media files - 'This is the start of a Scottish gold mining industry', says Scotgold's Richard Gray ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/7123/-this-is-the-start-of-a-scottish-gold-mining-industry-says-scotgold-s-richard-gray-7123.html Fri, 17 Mar 2017 08:10:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/7123/-this-is-the-start-of-a-scottish-gold-mining-industry-says-scotgold-s-richard-gray-7123.html <![CDATA[RNS press release - Update to the Cononish Bankable Feasibility Study ]]> http://www.proactiveinvestors.co.uk/companies/rns/170316sgz6154z/ Thu, 16 Mar 2017 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/170316sgz6154z/ <![CDATA[News - Updated BFS adds “significant value” to Scotgold’s Cononish mine ]]> http://www.proactiveinvestors.co.uk/companies/news/174816/updated-bfs-adds-significant-value-to-scotgolds-cononish-mine-174816.html Scotgold Resources Limited (LON:SGZ) has told investors that an update to the bankable feasibility study at its Cononish gold mine has added “significant value” to the project.

The original BFS, completed back in August 2015, suggested a pre-tax net present value of £23mln although that has now been significantly increased to £43mln.

The updated study has also upped the life of mine EBITDA (underlying earnings) to £100mln from £67mln, while the peak funding requirement has gone the other way, from £18.5mln to £7.4mln.

As well as boosting the economic side of the project, the BFS also indicated that the ‘phased project’ development option would be the “most favourable”.

The first phase – which is set to be up and running by early 2019 – will see Scotgold process 3,000 tonnes per month (tpm) of ore, before ramping up to 6,000tpm by the third quarter of 2021.

Of course that’s all subject to obtaining the necessary permits and financing, but Scotgold seems confident and expects final permission for underground development work to be awarded by the first quarter of 2018, with work starting the following quarter.

As for the financing, the miner has agreed a £1mln loan facility with its chairman, Nat le Roux, although £0.3mln of this will be used to pay back an existing loan to le Roux.

The loan, which is for one year and carries interest of 10% per annum, is expected to provide enough working capital to fund Scotgold through the planning application process.

The bulk processing trial (BPT) at Cononish – which was recently granted an extension through to March 2018 – has helped Scotgold optimise the final production process and plant design.

The revenues generated from the BPT will also contribute to the company’s working capital requirements for this year.

“It is extremely gratifying that we have managed to use the experience of the BPT to re-engineer aspects of Cononish and add significant value,” said chief executive Richard Gray.

“With our improved economic returns and short term funding secured which avoids undue dilution for the existing shareholders, we now look forward to securing an attractive full financing package and subject to permitting, putting our mine into production at the earliest opportunity.”

Scotgold said the original resource and reserve estimates remain the same as does the overall recovery rate of 93%.

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Wed, 15 Mar 2017 07:49:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/174816/updated-bfs-adds-significant-value-to-scotgolds-cononish-mine-174816.html
<![CDATA[RNS press release - Update to the Cononish Bankable Feasibility Study ]]> http://www.proactiveinvestors.co.uk/companies/rns/170315sgz4840z/ Wed, 15 Mar 2017 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/170315sgz4840z/ <![CDATA[News - Scotgold round presented to Hunterian museum ]]> http://www.proactiveinvestors.co.uk/companies/news/173552/scotgold-round-presented-to-hunterian-museum-173552.html A round of gold produced from Scotgold PLC’s (LON:SGZ) Cononish mine near Tyndrum, Stirlingshire is to be given pride of place in Glasgow University’s Hunterian museum.

Professor David Gaimster, director of The Hunterian, will be presented with the round tomorrow by Graham Donaldson, a major shareholder in Scotgold.

Donaldson and his wife sponsored the purchase of Scottish Gold Round Number 11 after the first 10 rounds were sold at an auction in November.

Richard Gray, Scotgold’s chief executive, said: "We are delighted that Graham and Christine [Donaldson] have generously decided to mark the occasion of Scotland's first commercially mined gold by sponsoring this contribution to The Hunterian's impressive collection. 

“We believe that gold mining has the potential to be a significant industrial sector and generator of employment in Scotland and this unique piece marks a significant milestone on this journey."

Professor David Gaimster added said the gold round would be added to its collection of Scottish gold coins and medals.

Each of the 12 gold rounds is stamped with the Scottish Gold Mark of the stag's head and bears a unique serial number corresponding to a chain of custody system certified by the Edinburgh Assay Office.

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Wed, 22 Feb 2017 15:58:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/173552/scotgold-round-presented-to-hunterian-museum-173552.html
<![CDATA[RNS press release - GOLD ROUND TO BE PRESENTED TO THE HUNTERIAN ]]> http://www.proactiveinvestors.co.uk/companies/rns/170222sgz5886x/ Wed, 22 Feb 2017 15:31:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/170222sgz5886x/ <![CDATA[News - Scotgold soars as it gets permission to extend bulk processing trial ]]> http://www.proactiveinvestors.co.uk/companies/news/172875/scotgold-soars-as-it-gets-permission-to-extend-bulk-processing-trial Scotgold Resources Limited (LON:SGZ) had some good news for investors on Wednesday afternoon after revealing it has been granted permission to extend the bulk processing trial at its Cononish mine.

The Loch Lomond and Trossachs National Park Planning Authority accepted the Scottish gold miner’s application to extend operations to March 2018.

The original permission ran for nine months and was due to finish in a few weeks' time at the end of February.

The additional time will allow Scotgold to fully explore the best ways to utilise the pilot plant and optimise the production process.

“We continue to learn more about the metallurgy and the economics of the project as we process our stockpile under the BPT,” said chief executive Richard Gray.

“This extension to the trial period not only affords us the opportunity to conclude our revisions to the economic assessment  but it also throws off a small cash contribution to our costs from the resultant gold production.”

Scotgold will process 2,400 tonnes of stockpiled ore during the initial period and a further 4,800 tonnes over the course of the extension.

Shares were up 9% to 0.68p.

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Wed, 08 Feb 2017 15:29:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/172875/scotgold-soars-as-it-gets-permission-to-extend-bulk-processing-trial
<![CDATA[Media files - Processing trial extension 'the logical next step' says Scotgold boss ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/6602/processing-trial-extension-the-logical-next-step-says-scotgold-boss-6602.html Tue, 13 Dec 2016 12:14:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6602/processing-trial-extension-the-logical-next-step-says-scotgold-boss-6602.html <![CDATA[News - Scotgold Resources applies to extend bulk trial ]]> http://www.proactiveinvestors.co.uk/companies/news/170393/scotgold-resources-applies-to-extend-bulk-trial-170393.html ScotGold Resources Limited (LON:SGZ) has applied to extend its bulk processing trial at the Cononish mine to optimise the production process.

The original permission ran for nine months from May, but Scotgold now wants to run the plant for another year after that to March 2018.

WATCH: Scotgold chief Richard Gray speaks to Proactive's Andrew Scott

The trial is progressing well it said but the additional time will allow it fully to explore ways to utilise the pilot plant.

Scotgold will process 2,400t of existing stockpiled ore during the first nine months and a further 4,800t over the extension period.

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Tue, 13 Dec 2016 08:29:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/170393/scotgold-resources-applies-to-extend-bulk-trial-170393.html
<![CDATA[RNS press release - Application Made for Extension of Bulk Processing ]]> http://www.proactiveinvestors.co.uk/companies/rns/161213sgz6340r/ Tue, 13 Dec 2016 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161213sgz6340r/ <![CDATA[RNS press release - Holding in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/161130sgz5924q/ Wed, 30 Nov 2016 15:07:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161130sgz5924q/ <![CDATA[RNS press release - Results of First Scottish Gold Sales ]]> http://www.proactiveinvestors.co.uk/companies/rns/161129sgz4541q/ Tue, 29 Nov 2016 14:10:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161129sgz4541q/ <![CDATA[News - Scotgold may have found a way to extract more gold from its Cononish mine ]]> http://www.proactiveinvestors.co.uk/companies/news/169666/scotgold-may-have-found-a-way-to-extract-more-gold-from-its-cononish-mine-169666.html Scotland-focused gold miner Soctgold Resources Ltd (LON:SGZ) may have found a way to significantly increase the amount of gold it can extract from the concentrate produced at its Cononish mine.

Currently, Scotgold is using tabling methods which has allowed it extract around 40% of the gold in the galena concentrate, totalling around 17oz so far.

The miner has described this as an “achievable but labour intensive” process, and has sought help from a couple of UK-based firms, SGS and Wheal Jane, to maximise the amount of gold that can be retrieved.

This partnership may have yielded some good results too, with SGS and Wheal Jane demonstrating that almost 100% of the gold locked into the concentrate can be extracted by using a thermal process called cupellation.

"We continue to find opportunities to improve the bulk processing trial (BPT) and, more importantly, the ultimate development plan for the Cononish Mine,” said chief executive Richard Gray.

“The technical work to verify these potential opportunities is ongoing and we anticipate an update to the Cononish BFS to be completed in Q1 2017.”

As of 26 October, the BPT had generated around 300kg of the gold-rich galena concentrate, containing an estimated 77oz of gold, including the 17oz already extracted.

Aside from this, Scotgold also announced that it has agreed a deal to sell up to 120 tonnes of gold-rich pyrite concentrate to a Dutch firm for an undisclosed amount.

The shipment to Ocean Partners will take place once the appropriate logistics have been put in place, Scotgold said.

It is currently sitting on around 13.5 tonnes of pyrite concentrate, which is estimated to contain 91oz of the precious metal.

First Scottish gold auction results

Scotgold raised almost £46,000 after it auctioned off ten gold rounds made from gold produced at its Cononish mine.

The average price accepted was £4,558 per ounce, a whopping 378% over the current spot price of £953.

One buyer, Graham Donaldson, who is also a Scotgold investor, paid over £21,000 to get his hands on the very first one.

One of the reasons that the rounds fetched so much money in the sealed bids auction was because they were made from the first gold to be commercially mined in Scotland.

Shares were up 7% to 0.64p.

--Updates for gold auction results and share price--

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Tue, 29 Nov 2016 08:09:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/169666/scotgold-may-have-found-a-way-to-extract-more-gold-from-its-cononish-mine-169666.html
<![CDATA[RNS press release - BULK PROCESSING TRIAL PRODUCTION SALES UPDATE ]]> http://www.proactiveinvestors.co.uk/companies/rns/161129sgz3675q/ Tue, 29 Nov 2016 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161129sgz3675q/ <![CDATA[RNS press release - NOTICE OF ANNUAL GENERAL MEETING ]]> http://www.proactiveinvestors.co.uk/companies/rns/161108sgz6699o/ Tue, 08 Nov 2016 17:04:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161108sgz6699o/ <![CDATA[News - Scotgold offers investors chance to buy piece of Scottish gold mining history ]]> http://www.proactiveinvestors.co.uk/companies/news/168675/scotgold-offers-investors-chance-to-buy-piece-of-scottish-gold-mining-history-168675.html Scotland-focused gold miner Scotgold Resources Limited (LON:SGZ) is offering investors the chance to own the first pour of Scottish gold from its Cononish mine in Tyndrum.

The firm will release ten limited edition 1oz fine gold rounds, which will be made from the first pure commercial gold mined in the history of the country.

Each gold round is stamped with a unique serial number and features the official registered Scottish gold mark of the stag’s head.

They can be bought in a sealed-bids auction which has a deadline of 28 November 2016 at 4pm.

Interested investors can download a bidding form and read the terms and conditions on Scotgold’s website: www.scotgoldresources.com.

The Cononish mine is the first commercial gold mine established in Scotland and will recover an average of 23,000oz of the precious metal over its planned eight year mine life.

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Tue, 08 Nov 2016 08:10:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/168675/scotgold-offers-investors-chance-to-buy-piece-of-scottish-gold-mining-history-168675.html
<![CDATA[Media files - Gold auction part of a 'triple first' for Scotgold Resources Limited ]]> http://www.proactiveinvestors.co.uk/companies/stocktube/6346/gold-auction-part-of-a-triple-first-for-scotgold-resources-limited-6346.html Tue, 08 Nov 2016 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6346/gold-auction-part-of-a-triple-first-for-scotgold-resources-limited-6346.html <![CDATA[RNS press release - Change in ISIN ]]> http://www.proactiveinvestors.co.uk/companies/rns/161107sgz5259o/ Mon, 07 Nov 2016 14:54:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/161107sgz5259o/ <![CDATA[RNS press release - Scotgold completes delisting from ASX ]]> http://www.proactiveinvestors.co.uk/companies/rns/161021sgz1146n/ Fri, 21 Oct 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/161021sgz1146n/ <![CDATA[RNS press release - Bulk Processing Trial Preliminary Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/161006sgz8268l/ Thu, 06 Oct 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/161006sgz8268l/ <![CDATA[RNS press release - Director Shareholding ]]> http://www.proactiveinvestors.co.uk/companies/rns/160930sgz3133l/ Fri, 30 Sep 2016 08:25:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160930sgz3133l/ <![CDATA[RNS press release - Admission of New Shares to trading on AIM ]]> http://www.proactiveinvestors.co.uk/companies/rns/160927sgz9310k/ Tue, 27 Sep 2016 10:04:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160927sgz9310k/ <![CDATA[RNS press release - Conversion of Convertible Notes Etc ]]> http://www.proactiveinvestors.co.uk/companies/rns/160923sgz6714k/ Fri, 23 Sep 2016 09:47:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160923sgz6714k/ <![CDATA[RNS press release - De-listing from ASX ]]> http://www.proactiveinvestors.co.uk/companies/rns/160920sgz3167k/ Tue, 20 Sep 2016 10:31:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160920sgz3167k/ <![CDATA[RNS press release - Corrections to the Annual Report 30 June 2016 ]]> http://www.proactiveinvestors.co.uk/companies/rns/160915sgz0026k/ Thu, 15 Sep 2016 18:13:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160915sgz0026k/ <![CDATA[RNS press release - Annual Report for the year ended 30 June 2016 ]]> http://www.proactiveinvestors.co.uk/companies/rns/160915sgz8820j/ Thu, 15 Sep 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160915sgz8820j/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.co.uk/companies/rns/160907sgz1659j/ Wed, 07 Sep 2016 07:45:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160907sgz1659j/ <![CDATA[RNS press release - Conversion of Convertible Notes Etc ]]> http://www.proactiveinvestors.co.uk/companies/rns/160902sgz7634i/ Fri, 02 Sep 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160902sgz7634i/ <![CDATA[RNS press release - INTENTION TO VOLUNTARILY DE-LIST FROM ASX ]]> http://www.proactiveinvestors.co.uk/companies/rns/160818sgz5164h/ Thu, 18 Aug 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160818sgz5164h/ <![CDATA[RNS press release - Placing of Shares ]]> http://www.proactiveinvestors.co.uk/companies/rns/160804sgz2319g/ Thu, 04 Aug 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160804sgz2319g/ <![CDATA[RNS press release - JUNE 2016 QUARTERLY ACTIVITIES REPORT ]]> http://www.proactiveinvestors.co.uk/companies/rns/160729sgz5933f/ Fri, 29 Jul 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160729sgz5933f/ <![CDATA[RNS press release - Official launch ]]> http://www.proactiveinvestors.co.uk/companies/rns/160726sgz2975f/ Tue, 26 Jul 2016 15:21:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160726sgz2975f/ <![CDATA[RNS press release - POMAR LICENCE REVIEW ]]> http://www.proactiveinvestors.co.uk/companies/rns/160725sgz0629f/ Mon, 25 Jul 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160725sgz0629f/ <![CDATA[RNS press release - Issue of Equity ]]> http://www.proactiveinvestors.co.uk/companies/rns/160705sgz2138d/ Tue, 05 Jul 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160705sgz2138d/ <![CDATA[RNS press release - Issue of Equity ]]> http://www.proactiveinvestors.co.uk/companies/rns/160616sgz3324b/ Thu, 16 Jun 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160616sgz3324b/ <![CDATA[News - Scotgold trial “extremely pleasing", says CEO ]]> http://www.proactiveinvestors.co.uk/companies/news/127136/scotgold-trial-extremely-pleasing-says-ceo-127136.html Scotgold Resources Ltd (LON:SGZ) chief executive Richard Gray declared himself “extremely pleased” with trial production at its Cononish mine, to the north of Loch Lomond, Scotland.

The feed grade for bulk processing was 7.9 grams per tonne of gold and 39 grams of silver with a relatively coarse material fed into the plant.

Even so, 90% of sulphides contained in the ore were have been recovered using simple spiral and shaking table circuits.

Scotgold reckons around 75% of the gold can be turned into a sulphide concentrate, while the remainder will require retreatment in the final plant.

The trial has also shown the company is able to produce a by-product lead sulphide that is “potentially saleable”.

The company wants to produce enough gold to assess the “marketability and profitability “of a hallmarked Scottish gold production from Cononish.

It has appointed a firm of consultants it has used before called The Dragonfly Initiative to manage this process.

CEO Gray told investors: "We are extremely pleased with the way the bulk processing trial circuit is performing metallurgically as well as in terms of reliability and ease of operation. 

“The results achieved indicate we may be able to enhance the design of the final full scale (phase II) plant, both in terms of recovery and operating cost.

“Work has now commenced on the feasibility of a phased development approach, which will benefit from the experience gained in conducting the bulk processing trial.”
 

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Wed, 15 Jun 2016 07:58:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/127136/scotgold-trial-extremely-pleasing-says-ceo-127136.html
<![CDATA[RNS press release - Cononish Bulk Processing Trial ("BPT") Update ]]> http://www.proactiveinvestors.co.uk/companies/rns/160615sgz2033b/ Wed, 15 Jun 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160615sgz2033b/ <![CDATA[RNS press release - Appointment of Director ]]> http://www.proactiveinvestors.co.uk/companies/rns/160527sgz4753z/ Fri, 27 May 2016 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/160527sgz4753z/