The company announced last week it would raise £1mln through a placing at 4p
Showing 25 of 43273
Exploration potential is 1.6mln - 2.3mln tonnes averaging between 3.2 - 3.7g/t of gold per tonne.
A new more detailed analysis of the cores has indicated gold grades of up to 2 g/t
Dense Media Separation (DMS) of a batch of low grade ore last year produced an increase in grade of 1.4 times.
“We are in a strong position to significantly advance financing and development in the first half of 2017”
“We are making great progress on the ground and as a result we remain on schedule to deliver our first gold by the end of the year,” said chief executive Dan Betts.
The proceeds will finance the commencement of the development of an underground mine at Omagh
Royalty income in 2016 will be 140% higher and in a range of £20.5mln - £21.5mln (2015: £8.7m).
Christian Schaffalitzky, Eurasia’s managing director, said: "It is encouraging to have had an initial response from GKZ.
REM has a 30% stake in the neodymium project in Western Australia
Alecto will use the money to recommence operations at the Mowana copper mine which it acquired last month
The work also revealed the the potential for near surface ore bodies and an increase in “chargeability” at deeper levels.
Anglo achieved a gold price of $1,227 per ounce for the final quarter
Asiamet has delivered further good copper intercepts at BKM
Strong ilmenite prices have helped Base Resources deliver solid quarterly results
The Portuguese gold project owned by W Resources is beginning to yield positive results
Shares rose on the news, while joint chief executive Frank Hanna thinks the fundamentals for the sector look "very positive"
A highly experienced mining executive has been appointed country manager of the project.
Revenues from US operations are more weighty when converted into sterling, while the pound's collapse has made foreign bricks dearer to import
Talks are underway with partner BVI over what happens next
Kibo Mining has completed stage 2 of a three stage environmental and social approvals process for Mbeya
First assays at Tethyan's Suva Ruda project show encouraging intercepts of copper
Diamondcorp is Lace’s largest creditor with £36mln owed through a subordinated loan.
Jim Mellon bought shares in three tranches at prices of 48.5p and 50.5p
The cash will be used to support the developments away from Ariana’s flagship Kiziltepe gold mine