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Proactive mining highlights: Ariana , Arian Silver, Alecto ...

Last updated: 10:00 30 Apr 2016 BST, First published: 07:00 30 Apr 2016 BST

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North River Resources PLC (LON:NRRP) has submitted a formal proposal to the Namibian Ministry of Mines and Energy as it seeks a licence for its Namib project.

In February, North River accepted conditions laid down by the Ministry and its application provides opportunities for local ownership, a management role for the community and a corporate social responsibility strategy.

Ariana Resources plc (LON:AAU) has noted some more ‘exceptional’ drill results from its Australian lithium investee company Dakota Minerals.

The results from Dakota's Lynas Find lithium project in Western Australia included 35m at 2.1% lithium oxide, 35m at 1.75% and 40m at 1.52% Li2O, with an overall weighted average grade of 1.75% Li2O.

Keep it simple. That’s the mantra Mark Jones of Alecto Minerals PLC (LON:ALO) took with him to China recently on an expedition to raise vendor finance for his company’s gold mine in Zambia. And it worked.

In the middle of April Alecto announced an agreement in principle with Yantai Xinhai Machinery under the terms of which an estimated US$14.4 mln in funding will be provided for the construction of the Matala gold mine, 125 kilometres west of Lusaka.

Metal Tiger PLC  (LON:MTR) has raised £1mln at 4.5p a share  via a placing and subscription of shares to advance the resource investor.

Paul Johnson, chief executive , said: "With this extra capital adding to an already significant working capital position, Metal Tiger goes from strength to strength as it focuses on its key assets in Botswana and Thailand.

Brazil- focused manganese development firm Cancana Resources Corp's (CVE:CNY) outlined a busy year in 2015, in which it saw losses fall and production increase.

The firm, which has the BMC joint venture (JV) with Ferrometals posted a loss of $2.83mln for the  year to end 2015 compared to a loss of $3.88mln for an 11 month period in 2014.

Mexico-focused mining group Arian Silver Corporation (LON:AGQ) has raised £700,000 in a placing to further advance exploration in Zacatecas state.

It issued 70mln units of 1p each via its broker Beaufort Securities, a discount to yesterday's closing price of 1.175p.

Experienced mining and business executive Mark Hohnen has become a director at Bacanora Minerals Ltd (CVE:BCN) with immediate effect.

The 66-year-old  has extensive international business experience in a wide range of industries including mining and exploration, property, investment, software  and agriculture.

Jubilee Platinum’s (LON:JLP) ramp up of tailings processing  at ASA’s Dilokong mine in South Africa is running ahead of schedule.

The ASA project is currently processing feed at 60 tonnes per hour, compared to design capacity of 44 tph, Jubilee said.

West Africa focused gold miner Avocet Mining PLC (LON:AVM) rocketed over 43% as it unveiled increased production from the Inata gold mine in  Burkina Faso in the first  quarter at lower costs.

Total output of the yellow metal in the three months was up 18% at  20,528 ounces at costs of US$925 per ounce, compared with 17,379 ounces in the fourth quarter of last year,  at US$1,094 per ounce.

AIM-listed ZincOx Resources plc (LON:ZOX) is on the hunt for a new recycling project, it said, adding that the transfer of 90% of its Korean recycling plant to partner  Korea Zinc had now been completed.

As reported in December, the firm was unsuccessful in its attempt to raise the US$5mln that would have allowed it to reschedule US$57.1mln of debt owing to Korea Zinc and handed over the stake.

Shares in Ferrum Crescent Limited (LON:FCR, ASX:FCR) zipped up over 10% as it said it's well placed for the next phase of growth after restructuring.

Running through the activities of the quarter to end March, the firm noted that a farm in and joint venture agreement was now  in place to progress the flagship Moonlight project, where costs there had been reduced.

Medusa Mining Limited (ASX:MML), which operates  the Co-O mine in the Philippines, now expects production for the year of around 108,000 ounces of gold.

That's down from 120- 130,000 ounces after lower than expected output in the first quarter to end March and the results of  a new operations review.

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