Proactiveinvestors United Kingdom - General Mining RSS feed http://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom - General Mining feed en Sat, 20 Jan 2018 11:31:56 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com action@proactiveinvestors.com New exploration at Gakara could be transformative for Rainbow Rare Earths http://www.proactiveinvestors.co.uk/companies/news/190226/new-exploration-at-gakara-could-be-transformative-for-rainbow-rare-earths-190226.html Thu, 18 Jan 2018 09:06:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/190226/new-exploration-at-gakara-could-be-transformative-for-rainbow-rare-earths-190226.html Premier African in talks with Indigenisation body about RHA ownership structure http://www.proactiveinvestors.co.uk/companies/news/190072/premier-african-in-talks-with-indigenisation-body-about-rha-ownership-structure-190072.html Tue, 16 Jan 2018 15:01:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/190072/premier-african-in-talks-with-indigenisation-body-about-rha-ownership-structure-190072.html Savannah Resources applies for mining leases for Mutamba projects http://www.proactiveinvestors.co.uk/companies/news/190069/savannah-resources-applies-for-mining-leases-for-mutamba-projects-190069.html Tue, 16 Jan 2018 07:46:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/190069/savannah-resources-applies-for-mining-leases-for-mutamba-projects-190069.html Harvest Minerals is now on the cusp of completing the production jigsaw at Arapua http://www.proactiveinvestors.co.uk/companies/news/180769/harvest-minerals-is-now-on-the-cusp-of-completing-the-production-jigsaw-at-arapua-180769.html Mon, 15 Jan 2018 08:41:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/180769/harvest-minerals-is-now-on-the-cusp-of-completing-the-production-jigsaw-at-arapua-180769.html Harvest Minerals to expand operations at Brazil fertiliser project http://www.proactiveinvestors.co.uk/companies/news/189997/harvest-minerals-to-expand-operations-at-brazil-fertiliser-project-189997.html Mon, 15 Jan 2018 07:32:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189997/harvest-minerals-to-expand-operations-at-brazil-fertiliser-project-189997.html Savannah Resources all set to lead the lithium charge in Portugal http://www.proactiveinvestors.co.uk/companies/news/189943/savannah-resources-all-set-to-lead-the-lithium-charge-in-portugal-189943.html Fri, 12 Jan 2018 09:19:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189943/savannah-resources-all-set-to-lead-the-lithium-charge-in-portugal-189943.html Rainbow Rare Earths up as it initiates first drilling as Gakara ramp-up continues http://www.proactiveinvestors.co.uk/companies/news/189781/rainbow-rare-earths-up-as-it-initiates-first-drilling-as-gakara-ramp-up-continues-189781.html Wed, 10 Jan 2018 15:30:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189781/rainbow-rare-earths-up-as-it-initiates-first-drilling-as-gakara-ramp-up-continues-189781.html Metal Tiger says Kingsgate shareholders want change http://www.proactiveinvestors.co.uk/companies/news/189722/metal-tiger-says-kingsgate-shareholders-want-change-189722.html Tue, 09 Jan 2018 09:44:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189722/metal-tiger-says-kingsgate-shareholders-want-change-189722.html Metal Tiger shares advance on record high grade assay from T3 copper project http://www.proactiveinvestors.co.uk/companies/news/189582/metal-tiger-shares-advance-on-record-high-grade-assay-from-t3-copper-project-189582.html Fri, 05 Jan 2018 09:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189582/metal-tiger-shares-advance-on-record-high-grade-assay-from-t3-copper-project-189582.html Premier African in talks over financing for RHA mine; updates on Zulu spin-off plan http://www.proactiveinvestors.co.uk/companies/news/189575/premier-african-in-talks-over-financing-for-rha-mine-updates-on-zulu-spin-off-plan-189575.html Fri, 05 Jan 2018 08:03:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189575/premier-african-in-talks-over-financing-for-rha-mine-updates-on-zulu-spin-off-plan-189575.html Premier African reviewing options at RHA and planning to spin-off its Zulu lithium project http://www.proactiveinvestors.co.uk/companies/news/189400/premier-african-reviewing-options-at-rha-and-planning-to-spin-off-its-zulu-lithium-project-189400.html Tue, 02 Jan 2018 15:08:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189400/premier-african-reviewing-options-at-rha-and-planning-to-spin-off-its-zulu-lithium-project-189400.html Metal Tiger refutes Kingsgate claims as vote nears http://www.proactiveinvestors.co.uk/companies/news/189336/metal-tiger-refutes-kingsgate-claims-as-vote-nears-189336.html Fri, 29 Dec 2017 09:31:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189336/metal-tiger-refutes-kingsgate-claims-as-vote-nears-189336.html Metal Tiger stake in Kingsgate has increased http://www.proactiveinvestors.co.uk/companies/news/189159/metal-tiger-stake-in-kingsgate-has-increased-189159.html Thu, 21 Dec 2017 09:33:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189159/metal-tiger-stake-in-kingsgate-has-increased-189159.html European Metals Holdings advances towards mining license, optimises roasting process http://www.proactiveinvestors.co.uk/companies/news/189005/european-metals-holdings-advances-towards-mining-license-optimises-roasting-process-189005.html Tue, 19 Dec 2017 09:17:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189005/european-metals-holdings-advances-towards-mining-license-optimises-roasting-process-189005.html Savannah delivers 3.2 mln tonne maiden lithium resource at Mina do Barroso http://www.proactiveinvestors.co.uk/companies/news/188930/savannah-delivers-32-mln-tonne-maiden-lithium-resource-at-mina-do-barroso-188930.html Mon, 18 Dec 2017 15:45:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188930/savannah-delivers-32-mln-tonne-maiden-lithium-resource-at-mina-do-barroso-188930.html Israel based precious stones explorer Shefa Yamim makes steady start to London trading http://www.proactiveinvestors.co.uk/companies/news/188933/israel-based-precious-stones-explorer-shefa-yamim-makes-steady-start-to-london-trading-188933.html Mon, 18 Dec 2017 08:15:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188933/israel-based-precious-stones-explorer-shefa-yamim-makes-steady-start-to-london-trading-188933.html Premier African Minerals' boss George Roach ups holding to 7.25% after part-conversion of loan http://www.proactiveinvestors.co.uk/companies/news/188882/premier-african-minerals-boss-george-roach-ups-holding-to-725-after-part-conversion-of-loan-188882.html Fri, 15 Dec 2017 11:23:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188882/premier-african-minerals-boss-george-roach-ups-holding-to-725-after-part-conversion-of-loan-188882.html Xtract Resources to make a US$700,000 strategic convertible loan notes investment in Moz Gold http://www.proactiveinvestors.co.uk/companies/news/188880/xtract-resources-to-make-a-us700000-strategic-convertible-loan-notes-investment-in-moz-gold-188880.html Fri, 15 Dec 2017 10:57:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188880/xtract-resources-to-make-a-us700000-strategic-convertible-loan-notes-investment-in-moz-gold-188880.html Premier African issues more assays from 'best hole' yet at Zimbabwe lithium deposit http://www.proactiveinvestors.co.uk/companies/news/188782/premier-african-issues-more-assays-from-best-hole-yet-at-zimbabwe-lithium-deposit-188782.html Thu, 14 Dec 2017 08:09:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188782/premier-african-issues-more-assays-from-best-hole-yet-at-zimbabwe-lithium-deposit-188782.html Savannah Resources hits "some of best grades ever seen in Europe" at lithium deposit in Portugal http://www.proactiveinvestors.co.uk/companies/news/188721/savannah-resources-hits-some-of-best-grades-ever-seen-in-europe-at-lithium-deposit-in-portugal-188721.html Wed, 13 Dec 2017 08:30:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188721/savannah-resources-hits-some-of-best-grades-ever-seen-in-europe-at-lithium-deposit-in-portugal-188721.html Rainbow Rare Earths succesfully raises £2.8mln to accelerate production ramp-up at Gakara http://www.proactiveinvestors.co.uk/companies/news/188653/rainbow-rare-earths-succesfully-raises-28mln-to-accelerate-production-ramp-up-at-gakara-188653.html Tue, 12 Dec 2017 12:37:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188653/rainbow-rare-earths-succesfully-raises-28mln-to-accelerate-production-ramp-up-at-gakara-188653.html Berkeley Energia confident it has its timing right at Salamanca http://www.proactiveinvestors.co.uk/companies/news/188645/berkeley-energia-confident-it-has-its-timing-right-at-salamanca-188645.html Tue, 12 Dec 2017 12:22:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188645/berkeley-energia-confident-it-has-its-timing-right-at-salamanca-188645.html Premier African Minerals LImited delighted with latest lithium drilling result http://www.proactiveinvestors.co.uk/companies/news/188637/premier-african-minerals-limited-delighted-with-latest-lithium-drilling-result-188637.html Tue, 12 Dec 2017 07:58:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188637/premier-african-minerals-limited-delighted-with-latest-lithium-drilling-result-188637.html Metal Tiger reports 'significant step' towards IPO of Thai mining joint venture http://www.proactiveinvestors.co.uk/companies/news/188526/metal-tiger-reports-significant-step-towards-ipo-of-thai-mining-joint-venture-188526.html Fri, 08 Dec 2017 14:14:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188526/metal-tiger-reports-significant-step-towards-ipo-of-thai-mining-joint-venture-188526.html Savannah Resources consortium commissions pilot plant at Mutamba http://www.proactiveinvestors.co.uk/companies/news/188468/savannah-resources-consortium-commissions-pilot-plant-at-mutamba-188468.html Thu, 07 Dec 2017 15:27:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188468/savannah-resources-consortium-commissions-pilot-plant-at-mutamba-188468.html Metal Tiger reveals 'encouraging' initial results from mining study of T3 copper project http://www.proactiveinvestors.co.uk/companies/news/188414/metal-tiger-reveals-encouraging-initial-results-from-mining-study-of-t3-copper-project-188414.html Thu, 07 Dec 2017 12:09:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188414/metal-tiger-reveals-encouraging-initial-results-from-mining-study-of-t3-copper-project-188414.html Xtract Resources expects “significant increase” in production at Manica after agreeing improved deal with contract miners http://www.proactiveinvestors.co.uk/companies/news/188427/xtract-resources-expects-significant-increase-in-production-at-manica-after-agreeing-improved-deal-with-contract-miners-188427.html Thu, 07 Dec 2017 08:14:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188427/xtract-resources-expects-significant-increase-in-production-at-manica-after-agreeing-improved-deal-with-contract-miners-188427.html Xtract sees first gold poured at Manica http://www.proactiveinvestors.co.uk/companies/news/188368/xtract-sees-first-gold-poured-at-manica-188368.html Wed, 06 Dec 2017 13:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188368/xtract-sees-first-gold-poured-at-manica-188368.html Rainbow Rare Earths ships first concentrate, becomes Africa's only producer http://www.proactiveinvestors.co.uk/companies/news/188253/rainbow-rare-earths-ships-first-concentrate-becomes-africa-s-only-producer-188253.html Tue, 05 Dec 2017 08:08:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188253/rainbow-rare-earths-ships-first-concentrate-becomes-africa-s-only-producer-188253.html Metal Tiger urges dismissal of Kingsgate board in extraordinary meeting to be held in January http://www.proactiveinvestors.co.uk/companies/news/188246/metal-tiger-urges-dismissal-of-kingsgate-board-in-extraordinary-meeting-to-be-held-in-january-188246.html Tue, 05 Dec 2017 07:51:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188246/metal-tiger-urges-dismissal-of-kingsgate-board-in-extraordinary-meeting-to-be-held-in-january-188246.html Savannah Resources looking ahead to strong cash flows from a 'wonderful' pipeline of projects http://www.proactiveinvestors.co.uk/companies/stocktube/8638 David Archer, chief executive of Savannah Resources Plc (LON:SAV), updates on progress at the company's projects in Portugal, Mozambique and Oman.

At Mutamba in Mozambique the successful completion of a scoping study has led into pre-feasibility work which is underway.

Where Oman's concerned, Archer says they're hoping to be in production this year. He says they're waiting on two final ministerial approvals.

In Portugal, drilling is continuing at Grandao with a resource estimate there expected shortly. The company's already established an initial inferred mineral resource of 3.2 mln tonnes of ore grading 1% Li2O at the Reservatorio deposit.

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Fri, 19 Jan 2018 11:44:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8638
Royal Road Minerals making good progress on 10-hole drill programme in Nicaragua http://www.proactiveinvestors.co.uk/companies/stocktube/8630 Tim Coughlin, president and chief executive of Royal Road Minerals Ltd (CVE:RYR), updates Proactive on their current drill programme in Nicaragua.

Coughlin says they're up to hole number four with the initial two drill holes sitting in the laboratory - results on those are due in the next couple of weeks.

Another six holes in the programme are yet to be drilled.

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Wed, 17 Jan 2018 14:34:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8630
Savannah Resources off to a fast start at Mutamba with three mining lease applications http://www.proactiveinvestors.co.uk/companies/stocktube/8620 David Archer, chief executive of Savannah Resources Plc (LON:SAV), tells Proactive that three applications for mining leases have been submitted to the Ministry of Mineral Resources and Energy in Mozambique, for the Mutamba heavy mineral sands projects.

Mutamba, which is being evaluated in a consortium with Rio Tinto, would likely have a 25-year life if the mining leases are confirmed.

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Tue, 16 Jan 2018 12:24:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8620
Premier addresses RHA issue but looks ahead to 2018 http://www.proactiveinvestors.co.uk/companies/stocktube/8580 George Roach, CEO of Premier African Minerals Ltd (LON:PREM) tells Proactive of plans to float off its Zulu lithium project in Zimbabwe. Premier is approaching its 51% partner in RHA to assist in facilitating a long-term solution for the tungsten project following the loss of a third of its share value. George also tells Proactive how political changes in Zim could bode well for investors.

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Tue, 02 Jan 2018 14:58:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8580
Shefa Yamim begins trading on the London Stock Exchange http://www.proactiveinvestors.co.uk/companies/stocktube/8564 Avi Taub, chief executive of Shefa Yamim A.T.M Limited (LON:SEFA), speaks to Proactive a day after kicking off trading on the London Stock Exchange’s official list, following a placing and subscription at 110p per ordinary share.

The company raised gross proceeds of £4.15mln, through the placing and a conversion of existing loans, and based on the placing price, the company’s initial market capitalisation was approximately £15.3mln.

The company was a 75% owned subsidiary of Shefa Yamim Ltd, which is listed on the Tel Aviv Stock Exchange, but following the London float, the shareholding of Shefa Yamim Ltd has reduced to 48.9%.

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Tue, 19 Dec 2017 15:56:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8564
Savannah Resources announces maiden resource at Reservatorio deposit in Portugal http://www.proactiveinvestors.co.uk/companies/stocktube/8556 David Archer, chief executive of Savannah Resources Plc (LON:SAV), tells Proactive they've established a maiden resource of 3.2 million tonnes of ore grading 1% lithium oxide at the Reservatorio deposit in Portugal - one of three targets currently being advanced as part of the ongoing exploration and development programme for the Mina do Barroso lithium project.

Further upside remains, as the drill programme is ongoing. The aim is to expand the Reservatorio resource to define new JORC-compliant resource estimates at other deposits.

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Mon, 18 Dec 2017 12:49:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8556
Savannah Resources' David Archer discusses 'exceptional' results at Mina do Barroso http://www.proactiveinvestors.co.uk/companies/stocktube/8536 David Archer, chief executive of Savannah Resources Plc (LON:SAV), tells Proactive they've found some of the highest grades of lithium oxide ever seen in Europe from their latest drilling programme in Portugal.

Significant intersections of lithium mineralisation were crossed from a shallow drilling programme at Mina do Barroso, which Savannah now describes as outstanding deposit.

Drill results from three deposits, Grandao, Reservatorio and NOA, are now being targeted to confirm the potential.

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Wed, 13 Dec 2017 11:57:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8536
Further STELLAR drilling results imminent at Zulu - Premier African's George Roach http://www.proactiveinvestors.co.uk/companies/stocktube/8528 George Roach, chief executive of Premier African Minerals Limited's (LON:PREM), updates on drill results from Hole ZDD-45 - 220m south-east of the Main Zone at the Zulu lithium deposit in Zimbabwe.

Roach adds that Premier's now completed a 8,272 tonne bulk sample of material from an open pit operation at RHA, most of which has been processed.

Underground operations are expected to reach the projected breakeven level of 6,000 tonnes per year this month.

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Tue, 12 Dec 2017 15:40:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8528
Alastair Ford's Christmas pick of the African miners http://www.proactiveinvestors.co.uk/companies/stocktube/8506 Mining Capital's Alastair Ford kicks off by talking through what's been a busy week for Xtract Resources PLC (LON:XTR). Their Mozambican subsidiary has negotiated a “significantly enhanced” deal with the contract alluvial miners at the Manica gold project, plus a chinese contractor announced they're now pouring gold at the project in Mozambique.

Ford also discusses Jubilee Platinum PLC which is due to begin trading as Jubilee Metals Group from Friday, 15 December.

Other companies put under the spotlight include Galileo Resources PLC (LON:GAL) and Kennedy Ventures plc (LON:KENV).

Wrapping up with a quick few words on what was a packed week of presentations at Mines and Money, 121 Mining and the Mining Capital conferences in London last week, Ford says there was a strong line up with one of the standouts to watch being Excelsior Mining (TSX:MIN; OTC:EXMGF).

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Thu, 07 Dec 2017 13:31:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8506
Energia Minerals begins trading as Alta Zinc after rebranding http://www.proactiveinvestors.co.uk/companies/stocktube/8476 Alta Zinc Limited (ASX:AZI) managing director Alexander Burns speaks to Proactive following the miner's name change from Energia Minerals (ASX:EMX).

Burns says they've spent around $24mln in the last three years on drilling and studies at their flagship Gorno Zinc Project in northern Italy.

''We will be going back to drill the extensions of the current resource in the new year using the existing underground access and our existing contractors''.

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Mon, 04 Dec 2017 15:31:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8476
Savannah Resources hopes to release maiden JORC resource for Mina de Barroso before end of 2017 http://www.proactiveinvestors.co.uk/companies/stocktube/8451 Andrew Scott catches up with Savannah Resources Plc (LON:SAV) boss David Archer at Mines and Money 2017 in London.

Archer says he hopes the company can release a maiden JORC resource estimate for its Mina de Barroso lithium prospect in northern Portugal.

“The plan is that on the basis of much of the drilling we’ve done to date we’ll be able to generate a JORC resource, and we’re hopeful of being able to release that by the end of this year.”

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Thu, 30 Nov 2017 10:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8451
Crucial week for Berkeley Energia as it receives initial US$65mln Salamanca financing http://www.proactiveinvestors.co.uk/companies/stocktube/8450 Managing director Paul Atherley, brought Proactive Investors' presenter Andrew Scott up to date with developments at Salamanca during Mines and Money 2017.

Atherley says the receipt of the first US$65 million fully funds the capital costs for production.

With the funding now completed they plan to award the major construction and mining contracts and begin serious earthworks early in the new year.

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Thu, 30 Nov 2017 09:30:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8450
Anglo Pacific has the fire power and looking to 'bring home the deals' http://www.proactiveinvestors.co.uk/companies/stocktube/8447 Julian Treger, chief executive of Anglo Pacific Group plc (LON:APF), caught up for a brief chat with Proactive Investors' presenter Andrew Scott at Mines and Money in London.

Treger says they're expecting Q4 2017 to be their strongest quarter of the year from an income perspective.

As far as further acquisitions are concerned, Treger says he's keen to get another under his belt within the next few weeks.

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Wed, 29 Nov 2017 20:42:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8447
ShareRoot's MediaConsent platform 'putting control back in the hands of consumers' http://www.proactiveinvestors.co.uk/companies/stocktube/8405 Noah Abelson, chief executive of ShareRoot Ltd (ASX:SRO), discusses  with Proactive Investors the rollout of their MediaConsent platform.

The product will be released in four phases, the first of which will be the launch of Audit Services - on target for the upcoming March quarter of 2018.

''MediaConsent is based on the fact that the digital marketing world and technology has become so complex over the last five or ten years and the reality of the world is we and our kids are being tracked everywhere we go''.

''Our interests are known to companies, who we interact with on a daily basis is known to companies and the same thing for our kids ... and finally the governmental bodies throughout the world are saying they now need to protect consumers''.

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Thu, 23 Nov 2017 13:20:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8405
Rainbow Rare Earths confirms significant exploration potential at Gakara http://www.proactiveinvestors.co.uk/companies/stocktube/8403 Martin Eales, chief executive of Rainbow Rare Earths Ltd. (LON:RBW), tells Proactive they've recently wrapped up an airborne magnetic survey which has suggested there are at least four large carbonatite anomalies at the Gakara project in Burundi.

Eales says the discovery gives the project significant exploration upside potential.

In their announcement today Rainbow also reaffirmed that first production and sales of rare earth concentrate are on schedule for the fourth quarter of 2017.

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Thu, 23 Nov 2017 12:40:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8403
Premier African's oversubscribed placing 'a reflection of the quality of Zulu' http://www.proactiveinvestors.co.uk/companies/stocktube/8395 George Roach, chief executive of Premier African Minerals Limited (LON:PREM), tells Proactive's Andrew Scott the value attributed to their Zulu lithium project in Zimbabwe was higher than expected in a scoping study.

Consultant Bara worked on two options at Zulu: just to produce a concentrate; or for Premier to build its own lithium production plant.

Bara estimated a value of US$127mln for a 15-year open cast operation mining a concentrate of spodumene and petalite, the source ores for lithium.

A funding to raise working capital to pay for the scoping study and further exploration was heavily oversubscribed, with Premier pulling in £1mln at 0.4p compared to an original target of £500,000

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Tue, 21 Nov 2017 11:33:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8395
Commissioning well underway at Savannah Resources' Mutamba pilot plant http://www.proactiveinvestors.co.uk/companies/stocktube/8392 David Archer, chief executive of Savannah Resources Plc (LON:SAV), says he's delighted the pilot plant construction at Mutamba in Mozambique is now complete and that commissioning is well underway in anticipation of an official opening next month.

The plant will produce bulk samples of concentrate for metallurgical and product test work.

Archer also gives an update on developments at Savannah's copper deposits in Oman as well as current drilling at their lithium project in Portugal.

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Mon, 20 Nov 2017 13:51:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8392
Metal Tiger takes aim at Australian miner Kingsgate Consolidated http://www.proactiveinvestors.co.uk/companies/stocktube/8374 Michael McNeilly, chief executive of Metal Tiger plc (LON:MTR), tells Proactive he's called for a meeting to replace all but one of the directors at Kingsgate Consolidated.

McNeilly says the incumbent board has overseen a massive destruction of shareholder value and failed to articulate a clear strategy going forward.

Metal Tiger has recently built up a 6.7% stake in Kingsgate, which has lost more than 90% of its value over the past five years.

Kingsgate owns the Chatree mine 200 miles north of Bangkok in Thailand, which has just had a suspension order from the Thai government lifted.

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Thu, 16 Nov 2017 08:02:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8374
Higher coal and vanadium prices sees Anglo Pacific post 89% increase in Q3 royalty income http://www.proactiveinvestors.co.uk/companies/stocktube/8344 Julian Treger, chief executive of Anglo Pacific Group plc (LON:APF, TSE:APY) tells Proactive they've had a strong third quarter, with free cash flow tripling from the previous year’s level.

The combination of higher coal and vanadium prices resulted in an 89% increase in royalty income, with Anglo flagging a 39% increase in average coal price achieved at Kestrel and a 46% increase at Narrabri, while the record operational performance at Maracás Menchen resulted in its royalty income increasing to £0.6mln for the quarter from £0.2mln a year earlier.

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Thu, 09 Nov 2017 09:31:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8344
AfriTin PLC has its eyes on becoming the African tin champion http://www.proactiveinvestors.co.uk/companies/stocktube/8343 Anthony Viljoen, chief executive of AfriTin Mining Ltd (LON:ATM) chats to Proactive as the group begins trading on London's AIM.

It's a newly formed company which has acquired the tin assets of Bushveld Minerals Limited (LON:BMN) in Namibia and South Africa.

Now focused more on vanadium, Bushveld will retain a 17.5% stake with a further 24.4% to be distributed to shareholders.

AfriTin is valued at £2mln at the issue price of 3.9p

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Thu, 09 Nov 2017 08:58:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8343
Shefa Yamim tapping into the 'jewellery box' of precious stones in Israel http://www.proactiveinvestors.co.uk/companies/stocktube/8342 Shefa Yamim (A.T.M.) Ltd is an Israeli precious gems firm that claims to be the only company globally to find large quantities of naturally occurring moissanite stones.

Chief operating officer Vered Toledo and independent non-executive director James Campbell tell Proactive they're planning to list in London before the end of the year.

Shefa Yamin currently has one exploration and two prospecting permits covering an area of more than 600 square km in northern Israel.

The group is developing the Kishon Mid Reach placer, which is its priority target.

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Thu, 09 Nov 2017 08:23:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8342
European Metals Holdings sees very good results from latest Cinovec drilling http://www.proactiveinvestors.co.uk/companies/stocktube/8322 Keith Coughlan, managing director of European Metals Holdings Limited (LON:EMH) tells Proactive they've now wrapped up their six core-hole infill drilling program at the Cinovec lithium-tin project in the Czech Republic.

A total of 2,697.1m of drilling was completed on time and without loss time accidents.

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Thu, 02 Nov 2017 12:28:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/8322
Zulu PEA just around the corner, says Premier African Minerals' George Roach http://www.proactiveinvestors.co.uk/companies/stocktube/8274 George Roach, chief executive of Premier African Minerals Limited (LON:PREM), tells Proactive's Andrew Scott they've now completed a total of 21 diamond drill holes as part of their latest work programme at the Zulu lithium project in Zimbabwe.

The total length drilled amounts to 3,316 metres.

Among the highlights were three holes that contained multiple intersections, including 3.57 metres at 1.61% lithium oxide (Li2O), 5.27metres at 1.45% Li2O.

Assay results are still pending from a significant number of holes from the current drilling programme.

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Mon, 23 Oct 2017 14:41:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/8274
Have mining markets turned for the better ? http://www.proactiveinvestors.co.uk/companies/stocktube/8235 Mining Capital's Alastair Ford asks whether we could be beginning to see a pattern of junior mining recovery emerging.

He says early 2017 saw a couple of new listings in London and a spate of activity in Canada as the gold price and mining in general found support in the utterings and policies of Donald Trump.

But as the year's gone on new money into the sector at the smaller end has been a trickle rather than a flow.

However with the listings in August of Altus Strategies (LON:ALS), Cora Gold on Monday and the planned IPO next year of Toro Gold, Ford reckons we could now have a clear direction of travel for the mining market.

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Fri, 13 Oct 2017 11:13:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/8235
Harvest Minerals bags first sales for KPfertil http://www.proactiveinvestors.co.uk/companies/stocktube/8231 Mark Heyhoe, chief operating officer for Harvest Minerals Limited (LON:HMI), tells Proactive they've recorded first sales of their fertiliser replacement KPfertil.

The sales were in response to requests from customers even though the company is waiting for formal certification for KPfertil as a remineraliser from the Brazilian Ministry of Agriculture.

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Thu, 12 Oct 2017 14:22:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/8231
Cora Gold raises £3.45mln through AIM listing to advance flagship Mali project http://www.proactiveinvestors.co.uk/companies/stocktube/8210 Cora Gold Limited (LON:CORA) has debuted on AIM at a price of 16.5p per share, following a £3.45mln fundraising.

Chief executive Jon Forster tells Proactive the majority of the net proceeds of the fundraising will be used for a planned exploration programme that will principally focus on the Sanankoro gold discovery in southern Mali.

The ultimate aim will be to establish a resource estimate, although some exploration on other properties will also take place.

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Mon, 09 Oct 2017 13:27:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/8210
MoU sees Czech Republic give stamp of approval to European Metals' Cinovec project http://www.proactiveinvestors.co.uk/companies/stocktube/8201 Keith Coughlan, managing director of European Metals Holdings Limited (LON:EMH), discusses with Proactive's Andrew Scott the MoU they've signed with the Czech government regarding the development of the Cinovec lithium-tin project in the country.

Coughlan says the agreement shows willingness from both sides to work together to support not only this project but also the future of mining in the local area.

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Thu, 05 Oct 2017 20:32:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/8201
Rainbow Rare Earths on track to ship first concentrate by year-end http://www.proactiveinvestors.co.uk/companies/stocktube/8189 Martin Eales, chief executive of Rainbow Rare Earths Ltd (LON:RBW) tells Proactive they're expecting run-of-mine (ROM) ore production at their Gasagwe asset will be in the range of 3,000 to 4,000 tonnes.

The production guidance was issued alongside the company's results for the year to the end of June.

The completion of construction and commissioning of the plant is expected in the coming weeks, which should allow Rainbow to meet its target of shipping the first concentrate before the end of the year.

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Wed, 04 Oct 2017 11:53:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/8189
Savannah Resources back to business in Oman http://www.proactiveinvestors.co.uk/companies/stocktube/8172 David Archer, chief executive of Savannah Resources Plc (LON:SAV), tells Proactive they've received a number of approvals for the first of their planned copper mine developments in Oman - Mahab 4 and Maqail South.

Regulatory approval or "No Objection" letters have been received from five Ministries (out of nine) for the Maqail South Licence, while Mahab 4 has four approvals.

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Mon, 02 Oct 2017 10:13:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/8172
Neo Lithium moving at pace to bring high grade project into production http://www.proactiveinvestors.co.uk/companies/stocktube/8160 Waldo Perez, chief executive of Neo Lithium Corp outlines to Proactive their Lithium project in the Catamarca Province of Argentina and steps towards production - which they're targeting for 2021 

Perez says there are many factors which are unique in terms of the project's location -  the elevation, the isolation and the scarcity of water and rain.

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Thu, 28 Sep 2017 13:29:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/8160