Proactiveinvestors United Kingdom - General Mining RSS feed Proactiveinvestors United Kingdom - General Mining feed en Sat, 20 Jan 2018 11:31:56 +0000 Genera CMS New exploration at Gakara could be transformative for Rainbow Rare Earths Thu, 18 Jan 2018 09:06:00 +0000 Premier African in talks with Indigenisation body about RHA ownership structure Tue, 16 Jan 2018 15:01:00 +0000 Savannah Resources applies for mining leases for Mutamba projects Tue, 16 Jan 2018 07:46:00 +0000 Harvest Minerals is now on the cusp of completing the production jigsaw at Arapua Mon, 15 Jan 2018 08:41:00 +0000 Harvest Minerals to expand operations at Brazil fertiliser project Mon, 15 Jan 2018 07:32:00 +0000 Savannah Resources all set to lead the lithium charge in Portugal Fri, 12 Jan 2018 09:19:00 +0000 Rainbow Rare Earths up as it initiates first drilling as Gakara ramp-up continues Wed, 10 Jan 2018 15:30:00 +0000 Metal Tiger says Kingsgate shareholders want change Tue, 09 Jan 2018 09:44:00 +0000 Metal Tiger shares advance on record high grade assay from T3 copper project Fri, 05 Jan 2018 09:00:00 +0000 Premier African in talks over financing for RHA mine; updates on Zulu spin-off plan Fri, 05 Jan 2018 08:03:00 +0000 Premier African reviewing options at RHA and planning to spin-off its Zulu lithium project Tue, 02 Jan 2018 15:08:00 +0000 Metal Tiger refutes Kingsgate claims as vote nears Fri, 29 Dec 2017 09:31:00 +0000 Metal Tiger stake in Kingsgate has increased Thu, 21 Dec 2017 09:33:00 +0000 European Metals Holdings advances towards mining license, optimises roasting process Tue, 19 Dec 2017 09:17:00 +0000 Savannah delivers 3.2 mln tonne maiden lithium resource at Mina do Barroso Mon, 18 Dec 2017 15:45:00 +0000 Israel based precious stones explorer Shefa Yamim makes steady start to London trading Mon, 18 Dec 2017 08:15:00 +0000 Premier African Minerals' boss George Roach ups holding to 7.25% after part-conversion of loan Fri, 15 Dec 2017 11:23:00 +0000 Xtract Resources to make a US$700,000 strategic convertible loan notes investment in Moz Gold Fri, 15 Dec 2017 10:57:00 +0000 Premier African issues more assays from 'best hole' yet at Zimbabwe lithium deposit Thu, 14 Dec 2017 08:09:00 +0000 Savannah Resources hits "some of best grades ever seen in Europe" at lithium deposit in Portugal Wed, 13 Dec 2017 08:30:00 +0000 Rainbow Rare Earths succesfully raises £2.8mln to accelerate production ramp-up at Gakara Tue, 12 Dec 2017 12:37:00 +0000 Berkeley Energia confident it has its timing right at Salamanca Tue, 12 Dec 2017 12:22:00 +0000 Premier African Minerals LImited delighted with latest lithium drilling result Tue, 12 Dec 2017 07:58:00 +0000 Metal Tiger reports 'significant step' towards IPO of Thai mining joint venture Fri, 08 Dec 2017 14:14:00 +0000 Savannah Resources consortium commissions pilot plant at Mutamba Thu, 07 Dec 2017 15:27:00 +0000 Metal Tiger reveals 'encouraging' initial results from mining study of T3 copper project Thu, 07 Dec 2017 12:09:00 +0000 Xtract Resources expects “significant increase” in production at Manica after agreeing improved deal with contract miners Thu, 07 Dec 2017 08:14:00 +0000 Xtract sees first gold poured at Manica Wed, 06 Dec 2017 13:00:00 +0000 Rainbow Rare Earths ships first concentrate, becomes Africa's only producer Tue, 05 Dec 2017 08:08:00 +0000 Metal Tiger urges dismissal of Kingsgate board in extraordinary meeting to be held in January Tue, 05 Dec 2017 07:51:00 +0000 Savannah Resources looking ahead to strong cash flows from a 'wonderful' pipeline of projects 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.

Fri, 19 Jan 2018 11:44:00 +0000
Royal Road Minerals making good progress on 10-hole drill programme in Nicaragua 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.

Wed, 17 Jan 2018 14:34:00 +0000
Savannah Resources off to a fast start at Mutamba with three mining lease applications 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.

Tue, 16 Jan 2018 12:24:00 +0000
Premier addresses RHA issue but looks ahead to 2018 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.

Tue, 02 Jan 2018 14:58:00 +0000
Shefa Yamim begins trading on the London Stock Exchange 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%.

Tue, 19 Dec 2017 15:56:00 +0000
Savannah Resources announces maiden resource at Reservatorio deposit in Portugal 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.

Mon, 18 Dec 2017 12:49:00 +0000
Savannah Resources' David Archer discusses 'exceptional' results at Mina do Barroso 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.

Wed, 13 Dec 2017 11:57:00 +0000
Further STELLAR drilling results imminent at Zulu - Premier African's George Roach 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.

Tue, 12 Dec 2017 15:40:00 +0000
Alastair Ford's Christmas pick of the African miners 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).

Thu, 07 Dec 2017 13:31:00 +0000
Energia Minerals begins trading as Alta Zinc after rebranding 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''.

Mon, 04 Dec 2017 15:31:00 +0000
Savannah Resources hopes to release maiden JORC resource for Mina de Barroso before end of 2017 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.”

Thu, 30 Nov 2017 10:00:00 +0000
Crucial week for Berkeley Energia as it receives initial US$65mln Salamanca financing 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.

Thu, 30 Nov 2017 09:30:00 +0000
Anglo Pacific has the fire power and looking to 'bring home the deals' 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.

Wed, 29 Nov 2017 20:42:00 +0000
ShareRoot's MediaConsent platform 'putting control back in the hands of consumers' 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''.

Thu, 23 Nov 2017 13:20:00 +0000
Rainbow Rare Earths confirms significant exploration potential at Gakara 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.

Thu, 23 Nov 2017 12:40:00 +0000
Premier African's oversubscribed placing 'a reflection of the quality of Zulu' 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

Tue, 21 Nov 2017 11:33:00 +0000
Commissioning well underway at Savannah Resources' Mutamba pilot plant 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.

Mon, 20 Nov 2017 13:51:00 +0000
Metal Tiger takes aim at Australian miner Kingsgate Consolidated 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.

Thu, 16 Nov 2017 08:02:00 +0000
Higher coal and vanadium prices sees Anglo Pacific post 89% increase in Q3 royalty income 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.

Thu, 09 Nov 2017 09:31:00 +0000
AfriTin PLC has its eyes on becoming the African tin champion 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

Thu, 09 Nov 2017 08:58:00 +0000
Shefa Yamim tapping into the 'jewellery box' of precious stones in Israel 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.

Thu, 09 Nov 2017 08:23:00 +0000
European Metals Holdings sees very good results from latest Cinovec drilling 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.

Thu, 02 Nov 2017 12:28:00 +0000
Zulu PEA just around the corner, says Premier African Minerals' George Roach 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.

Mon, 23 Oct 2017 14:41:00 +0100
Have mining markets turned for the better ? 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.

Fri, 13 Oct 2017 11:13:00 +0100
Harvest Minerals bags first sales for KPfertil 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.

Thu, 12 Oct 2017 14:22:00 +0100
Cora Gold raises £3.45mln through AIM listing to advance flagship Mali project 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.

Mon, 09 Oct 2017 13:27:00 +0100
MoU sees Czech Republic give stamp of approval to European Metals' Cinovec project 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.

Thu, 05 Oct 2017 20:32:00 +0100
Rainbow Rare Earths on track to ship first concentrate by year-end 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.

Wed, 04 Oct 2017 11:53:00 +0100
Savannah Resources back to business in Oman 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.

Mon, 02 Oct 2017 10:13:00 +0100
Neo Lithium moving at pace to bring high grade project into production 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.

Thu, 28 Sep 2017 13:29:00 +0100