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Proactive weekly mining highlights: Shanta Gold, Cobra Resources, Cornish Lithium, W Resources...

It was another chock-a-block week on London's small cap mining scene

Cobra Resources -

Shanta Gold Limited (LON:SHG) has confirmed 625,000 ounces of gold reserves across two projects in Tanzania and 3.2mln ounces of resources across three projects in Tanzania and Kenya.

Cobra Resources PLC (LON:COBR) revealed high-grade gold results from drilling at the Wudinna project in South Australia.

Greatland Gold PLC (LON:GGP) said the first drill holes it has drilled at the Scallywag project in Australia have intersected prospective target lithologies and pathfinder element anomalism.

Later in the week, Greatland said early works activities have also begun at its Havieron project in Western Australia.

Cornish Lithium said that, as part of the Li4UK project funded by the Faraday Battery Challenge, the group has produced its first lithium carbonate from the Trelavour project in Cornwall, as part of a study into the wider development of a sustainable lithium industry. 

Europa Metals Ltd (LON:EUZ) started drilling at the Toral lead, zinc and silver project in the region of Castilla y León, north-west Spain.

Alien Metals Ltd (LON:UFO) said the maiden drilling programme at its Hancock iron ore project in Western Australia is off and running.

Salt Lake Potash Ltd's (ASX:SO4) (LON:SO4) (OTCMKTS:WHELF) (FRA:W1D) Lake Way Project near Wiluna in Western Australia is nearing completion, with the process plant 88% complete and the overall project, including all on-lake infrastructure 81% complete. 

Anglo Asian Mining PLC (LON:AAZ) updated investors on the status of three restored contract areas located in Nagorno Karabakh and other formerly occupied territories following the end of a military conflict over the enclave between Armenia and Azerbaijan.

Anglo Asian also this week said it has made a new copper-gold discovery at Zafer, within the central region of its Gedabek Contract Area in western Azerbaijan.

Condor Gold PLC (LON:CNR) (TSE:COG) told investors it has mobilised a second rig for its new 4,000 metres infill drill programme targeting planned 'starter pits' for the La India gold project in Nicaragua.

Chaarat Gold Holdings Ltd (LON:CGH) said it has exceeded production guidance for the full year at its Kapan Mine in Armenia as well as making “good progress” in business development despite the impact of the coronavirus (COVID-19) pandemic, cross-border hostilities in Armenia and protests in the Kyrgyz Republic.

Caledonia Mining Corporation PLC (LON:CMCL) has said its Blanket Mine in Zimbabwe knocked out a record amount of gold in 2020.

W Resources PLC (LON:WRES) said production rose sharply at the La Parrilla project in Spain in the fourth quarter of 2020.

IronRidge Resources Ltd (LON:IRR) released the results of a scoping study for the Ewoyaa lithium project in Ghana that supports the case for a two million tonnes per annum production operation with life of mine revenues exceeding US$1.55bn.

Earlier, IronRidge reported multiple high-grade drill intersections and the confirmation of new gold targets at the Zaranou project in Côte d'Ivoire, West Africa.

Later in the week, IronRidge announced a fully underwritten call for the exercise of warrants which will raise £3,793,019 in new capital, before costs, to assist the company's ongoing project exploration and development efforts within Ghana, Cote d'Ivoire and Chad.

AEX Gold Inc (LON:AEXG) (CVE:AEX) told investors it continues to advance its flagship Nalunaq gold project in South Greenland, with exploration and mine development work going according to plan.

Power Metal Resources PLC (LON:POW) announced it has signed an agreement to acquire a 100% interest in a package of three gold exploration projects located in the prospective Hemlo North area of Ontario, Canada.

Oriole Resources PLC (LON:ORR) updated investors on the current work programmes on its West African projects during the first quarter of 2021.

Power Metal Resources PLC (LON:POW) secured an option over a potential acquisition of copper-gold focused exploration interests in Western Australia's current exploration hotspot.

Eurasia Mining PLC (LON:EUA) said the definitive feasibility study for its West Kytlim platinum and gold mine in the Urals has been approached at a formal meeting of the Russian State Committee on Reserves.

Ariana Resources PLC (LON:AAU) said it has received formal approval from the Competition Authority in Turkey for the completion of its joint venture agreements with Özaltin Holding and Proccea Construction Co, as ratified by shareholders on December 30, 2020.

Red Rock Resources PLC (LON:RRR) has hailed news from its investee Jupiter Mines Limited that the company is planning an initial public offering (IPO) of its Central Yilgarn Iron Ore assets (CYIP) on the Australian Stock Exchange (ASX) in March.

Castillo Copper Ltd (ASX:CCZ) (LON:CCZ) (FRA:7OR) is considering divestment opportunities, including a possible spin-off of its sizeable Broken Hill Alliance (BHA) Project into a new vehicle, which could be listed in either London or Australia to capitalise on the prevailing base and precious metal upcycle.

The parties involved in the plans of Tharisa PLC (LON:THS)(JSE:THA) to acquire a 90% shareholding in Salene Chrome Zimbabwe have agreed to extend the option to 31 March 2021.

Thor Mining PLC (LON:THR) (ASX:THR) said it has raised £750,000 via the placing of just over 88mln shares at a price of 0.85p per share.

Anglesey Mining PLC (LON:AYM) has said it is to raise £660,000 by placing 10mln shares at 6.6p a share.

Vast Resources PLC (LON:VAST) said it has appointed a new general manager at its Baita Plai Polymetallic Mine in Romania.

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