Proactiveinvestors United Kingdom - Mining RSS feed Proactiveinvestors United Kingdom - Mining feed en Fri, 19 Jan 2018 09:40:38 +0000 Genera CMS Lionsgold agrees to invest £1.2mln in Railsbank Technology Thu, 18 Jan 2018 15:18:00 +0000 Balfour Beatty to get double-digit boost from US tax changes Thu, 18 Jan 2018 13:05:00 +0000 KEFI Minerals scheduled to start work at Tulu Kapi this year Thu, 18 Jan 2018 10:39:00 +0000 KEFI Minerals upgrades value of Tulu Kapi but parts with Oryx Thu, 18 Jan 2018 09:18:00 +0000 New exploration at Gakara could be transformative for Rainbow Rare Earths Thu, 18 Jan 2018 09:06:00 +0000 BlueRock Diamonds starts sampling of new pipe at Kareevlei Thu, 18 Jan 2018 08:22:00 +0000 Galantas Gold encouraged by progress with Omagh gold mine development Thu, 18 Jan 2018 08:02:00 +0000 Shanta Gold reports strong final quarter for New Luika Gold Mine with gold production up 17% Thu, 18 Jan 2018 07:58:00 +0000 Ortac plans to expand and speed up drilling after further encouraging gold assay results from Akyanga deposit Thu, 18 Jan 2018 07:38:00 +0000 IronRidge Resources expands lithium interests in Ghana Wed, 17 Jan 2018 15:40:00 +0000 Ironridge Resources has a diverse portfolio of metals across West Africa and Australia Wed, 17 Jan 2018 11:23:00 +0000 Sula Iron & Gold completes name change to African Battery Metals Tue, 16 Jan 2018 16:00:00 +0000 De Beers pilots blockchain scheme to track provenance of diamonds Tue, 16 Jan 2018 15:43:00 +0000 Premier African in talks with Indigenisation body about RHA ownership structure Tue, 16 Jan 2018 15:01:00 +0000 Jubilee Metals set for further progress in 2018 as it ramps up production Tue, 16 Jan 2018 14:54:00 +0000 Hummingbird Resources looks all set for a bumper 2018 Tue, 16 Jan 2018 14:13:00 +0000 Van Elle to take up to £4mln hit from Carillion’s downfall Tue, 16 Jan 2018 11:20:00 +0000 US Lithium to list in Australia at “substantial premium” to Thor Mining’s initial investment Tue, 16 Jan 2018 09:35:00 +0000 Greatland Gold making headway with exploration in Western Australia Tue, 16 Jan 2018 08:21:00 +0000 Ferrum Crescent hires Daniel Smith as non-executive director Tue, 16 Jan 2018 07:59:00 +0000 Goldplat extends option date for Ghana gold asset Tue, 16 Jan 2018 07:51:00 +0000 Anglo Asian hits top end of gold equivalent production guidance for 2017 Tue, 16 Jan 2018 07:48:00 +0000 Savannah Resources applies for mining leases for Mutamba projects Tue, 16 Jan 2018 07:46:00 +0000 Rio Tinto reaches 2017 export targets for iron ore after record fourth quarter Tue, 16 Jan 2018 07:38:00 +0000 Sirius Minerals tweets video showing progress at York potash project Mon, 15 Jan 2018 15:20:00 +0000 Galliford Try and Balfour to take £85mln hit from Carillion’s collapse Mon, 15 Jan 2018 14:54:00 +0000 Greatland Gold boss confident about Ernest Giles potential despite Newmont decision Mon, 15 Jan 2018 14:02:00 +0000 Jubilee Metals to buy 29% stake in Kabwe JV partner BMR for £2.8mln Mon, 15 Jan 2018 13:43:00 +0000 Strategic Minerals not concerned by administrative delays to Leigh Creek acquisition Mon, 15 Jan 2018 13:20:00 +0000 Anglo Asian Mining continues expansion of operations in Azerbaijan Mon, 15 Jan 2018 12:16:00 +0000 Lionsgold secures strategic deal with Railsbank for Goldbloc Cameron Parry, chief executive of Lionsgold Limited (LON:LION), speaks to Proactive's Andrew Scott about their binding heads of agreement with global banking platform provider Railsbank for Goldbloc.

As part of the deal Lionsgold will invest £1.25mln in Railsbank from existing cash for a 12.5% stake.

Parry says the move secures Goldbloc's future as a digital gold currency.

Thu, 18 Jan 2018 14:57:00 +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
Anglo Asian Mining 'beginning to get the wind in its sails' Anglo Asian Mining Plc's  (LON:AAZ) Bill Morgan and Steve Westhead chat to Proactive's Andrew Scott following the release of their Q4 & FY 2017 Production and operations review.

The miner produced 71,461 gold equivalent ounces during 2017, a production rate which hit the uppermost level of guidance.

Wed, 17 Jan 2018 13:46:00 +0000
Resource estimate for Thor Mining's Kapunda project due imminently Mick Billing, chief executive of Thor Mining PLC (LON:THR) tells Proactive's Andrew Scott a mineral resource estimate for the Kapunda copper project in Australia is just around the corner.

Billing also updates on developments at Thor's other projects as well as touching on the news this week that US Lithium – in which Thor holds a 25% stake – is looking to list on the Australian Securities Exchange.

Wed, 17 Jan 2018 10:37:00 +0000
Sula Iron & Gold begins trading as African Battery Metals Roger Murphy, chief executive of African Battery Metals PLC (LON:ABM), tells Proactive their name change from Sula Iron and Gold better reflects the company's new focus.

The firm's acquired a cobalt deposit in the Democratic Republic of Congo as part of their diversification strategy.

Despite the name change and new project Murphy says he's still committed to Ferensola in Sierra Leone where he's hoping to find a joint venture or farm-out partner to move the project forward.

Wed, 17 Jan 2018 10:30:00 +0000
Hummingbird Resources entering 2018 in a very strong position Bert Monro, head of business development at Hummingbird Resources Ltd (LON:HUM) tells Proactive they wrapped up 2017 with around US$40mln in cash in the bank and gold flowing from the furnaces at the new Yanfolila mine in Mali.

Hummingbird poured its first gold in the second half of December, following a build and commissioning process that was completed on time and on budget.

Tue, 16 Jan 2018 12:57:00 +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
African Potash's blockchain tech set for big impact in Africa Chris Cleverly, executive chairman at African Potash Ltd (LON:AFPO), tells Proactive they've struck a deal on a joint venture with Gibraltar firm TokenCommunities Limited to further its entry into game-changing blockchain technology.

African Potash says the deal will complement the FinComEco joint venture they struck back in November and will bolster its plans to operate a range of platforms and projects in the agricultural commodity markets sector in sub-Saharan Africa.

Alex Lightman, chief executive of TokenCommunities Limited, says they'll be advising on the deploying tokens - which will allow users to gain access to a digital resource.

Tue, 16 Jan 2018 12:02:00 +0000
Caledonia Mining's Blanket Mine continuing to punch above its weight Steve Curtis, chief executive of Caledonia Mining Corporation PLC (LON:CMCL TSX:CAL) tells Proactive's Andrew Scott they racked up another record quarter at the Blanket mine.

Production at the 49% owned mine totalled 16,425 ounces of gold in the three months to December, 14% more than the previous quarter and 21% higher than a year ago.

For 2017 in total, production was 11% higher than the previous year at 56,135 ounces, which was just ahead of guidance and also a yearly record for Blanket.

Mon, 15 Jan 2018 14:26:00 +0000
Greatland Gold in a 'terrific position' after multiple new targets identified at Ernest Giles Gervaise Heddle, chief executive of Greatland Gold plc (LON:GGP), tells Proactive their involvement with Newmont Mining (NYSE:NYM) at the Ernest Giles project has left the project considerably better off.

Newmont undertook a Deep Sensing Geochemistry survey at Ernest Giles and defined a new large gold anomaly covering an area of approximately 5 kilometres by 1.5 kilometres untested by previous drilling.

Greatland anticipates that it will be lodging a Programme of Work with the Western Australian Department of Mines and Petroleum in the next two weeks and, subject to approval, anticipates commencing a targeted exploration campaign at Ernest Giles in the first quarter of this year.

Mon, 15 Jan 2018 09:42:00 +0000
From Ortac to Arc Minerals..floating a new name Ortac Resources (LON:OTC) is going forward as Arc says Executive Chairman Nick Von Schirnding while visiting Proactive this week. News here too on Casa Mining shares as well as the new board that's been put in place. Investors might also be interested to learn what's happened to the Slovakia gold mining assets...Nick explains all.

Fri, 12 Jan 2018 08:45:00 +0000
Connemara Mine River Grades Good as Gold Connemara Mining Company PLC (LON:CON) saw its shares gain 4% today as it reported high gold grades from one of three holes drilled recently at its Mine River prospect in Wicklow and Wexford in Ireland.CEO Patrick Cullen tells Proactive that assay results from the hole at the Tombreen target indicated an 8m section grading 4.53 g/t gold, which included 2m at 16.1 g/t. Mineralisation ranging from 0.17 g/t to 0.25g/t over several intersections was also confirmed in a hole at nearby Gibbet Hill, while surface samples from the surrounding area contained grades as high as 5.08 g/t. News here too on zinc deposits in Limmerick.

Thu, 11 Jan 2018 16:22:00 +0000
Thor Mining boosts reserves at Molyhil Part of the attractiveness of Thor Mining's (LON: THR) new reserve upgrade is that it allows for the extension of the mine life at the Molyhil tungsten-molybdenum project by 17% to seven years. CEO Mick Billing tells Proactive about the grade of the reserves and gives us an idea of volumes as well as bringing us up to date on Thor cost cutting and profitability aspirations. Also word here on conglomerate hosted gold projects.

Wed, 10 Jan 2018 15:55:00 +0000
Strategic excited to see Cobre asset powering on Strategic Minerals (LON:SML) achieves record sales from it's Cobre asset in New Mexico which means it's on track for annual pre-tax profits surpassing US$1M. MD John Peters gives Proactive detail on those new results as well as fleshing out the sales and cash position.
Strategic sold just shy of 31,000 tons of magnetite ore in the three months to the end of December, for US$2.14M. Those figures are marginally up on the previous record of US$2.04M. John says profit margins are up at about 60%.

Wed, 10 Jan 2018 12:26:00 +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
Tertiary Minerals, Advanced Oncotherapy among Alan Green's 2018 stocks to watch Brand Communications' Alan Green highlights his small cap stocks to watch in 2018.

First on Alan's hit list is Tertiary Minerals (LON:TYM).

Tertiary’s share price has been on a good run recently since it announced they'd signed an MoU with global commodities group Possehl to enter into an offtake agreement to support the group’s three fluorspar projects.

Possehl, which is part of German-based commodities business Cremer, will provide funds to develop the deposits and for any acquisitions Tertiary may make to bulk them up.

''All of the stars are in a row here and I think Tertiary Minerals are set for a great year in 2018''.

Next on his 'ones to watch' is Prairie Mining Ltd (ASX:PDZ).

''They've got two key coking coal projects - the flagship of which has been referred to by many in the industry as the most advanced coking coal project in the northern hemisphere, which is quite an accolade when you consider the other mines that are around''.

''Coking coal is a critical mineral ... it's vital for the production of steel and as we know the infrastructure throughout Europe and the UK will require a lot of steel in future - plus we have the burgeoning electric vehicle industry too''.

Shares in Advanced Oncotherapy PLC (LON:AVO), the developer of next-generation proton therapy systems for cancer treatment, shot up nearly 30% earlier this month after they secured £37.4mln of fresh funding, with £30mln of this coming from a new Chinese investor.

Green says ''The company's at a very exciting phase now but even now it's still worth around 40 million sterling and each of its machines will sell for around 45 million dollars ... so there's still I believe a tremendous amount of upside to come here''.

''2018 is the home run for them'', Green adds, ''Investors are in for a very exciting year''.

Green also chats through the investment case for Cadence Minerals (LON:KDNC).

Cadence is a mining investment company that've recently acquired up to 100% of six prospective hard rock lithium assets in Argentina from Lithium Technologies Pty Ltd and Lithium Supplies Pty Ltd.

They're also invested in Bacanora Minerals Ltd (LON:BCN) who, a few weeks back, published the results of a definitive feasibility study for the Sonora lithium deposit in Mexico that valued it at US$1.25bn.

Plus they also have a stake in European Metal Holdings (LON:EMH) and its Cinovec project in the Czech Republic.

To round things off Alan gives a quick couple of comments on blockchain and crypto-currency and where he reckons there could be opportunities next year.

''The fact that this technology can connect pretty much everyone in the world is massive ...and that's why we're seeing this huge explosion in the value of crypto-currency''.

Wed, 27 Dec 2017 10:07:00 +0000
Hummingbird celebrates initial gold pour at the Yanfolila gold mine Hummingbird Resources PLC (LON:HUM) Head of Business Development Robert Monro announces the pouring of the first gold at the Yanfolila Gold Mine in southern Mali from the carbon-in-leach (CIL) circuit on time and on budget.
The company will now turn its focus to completing commissioning and ramping up to commercial production. It is targeting 130,000 ounces of gold in the first full year of operations. Robert also brings us up to date on plans for their forward programme for 2018 while at the same time expressing the desire to maximise early-stage exploration and make the next big gold discoveries.

Thu, 21 Dec 2017 15:46:00 +0000
Erris Resources debut with news on their Irish/Swedish mine assets Merlin Marr-Johnson, CEO of Erris Resources plc (LON:ERIS) gives Proactive an introduction to what Erris does, where they are located and what their aims are for monetisation of asset potential in the coming year. News today too that Erris has made a steady start on its AIM debut.
This is a mineral exploration and development company currently focussed on two geographic areas....In Ireland, the Abbeytown Project is a 159 km² area where the principal target is economic zinc mineralisation, with ancillary lead, silver and copper potential.
In Sweden, they've entered into a strategic alliance with Centerra Gold KB Inc... a TSX-listed gold and copper producer with a market capitalisation of approximately C$2.2 billion.
Shares in the company – which has a portfolio of zinc prospects in Ireland and gold projects in Sweden – gained 2p on the 25p initial public offering price in early deals to trade at 27p.

Thu, 21 Dec 2017 09:53:00 +0000
Key acquisition... and big changes ahead for Golden Saint Pierre Fourie, CEO of Golden Saint Resources Ltd (LON:GSR) has news of a new game changing acquisition; an IT wiring systems company from Singapore, EMS.
In a dramatic change of direction, Golden Saint Resources Ltd is selling off its mining assets and buying an information technology company with 'massive growth potential'. The acquisition counts as a reverse takeover, as the vendors of EMS will end up with shares equivalent to 70% of Golden Saint prior to any fund-raising exercise.

Thu, 21 Dec 2017 08:30:00 +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
Big step-change for Horizonte Minerals with 'exciting' nickel-cobalt acquisition Jeremy Martin, chief executive of Horizonte Minerals Plc tells Proactive they're to acquire the advanced Vermelho nickel-cobalt project in Brazil from the Brazilian national mining champion Vale for US$8mln, mostly in deferred payments.

Concurrently, Horizonte is raising up to £8.5mln in a placing of shares in the UK and Canada at 3.5p per Placing Share. 

The Vermelho project has a high grade scalable mineral resource with over 1mln tonnes of contained nickel and 43,000 tonnes of contained cobalt. The combination of Horizonte’s Araguaia nickel project, which is now in the advanced stages of development, with Vermelho looks set to create a real force in global nickel production.

Tue, 19 Dec 2017 12:55:00 +0000
Busy run-up to Christmas for London’s junior miners Mining Capital’s Alastair Ford caught up with Proactive’s Andrew Scott to chat through Horizonte Minerals Plc’s (LON:HZM, TSE:HZM) acquisition of the advanced Vermelho nickel-cobalt project in Brazil. They’re paying US$8 million for it - mostly in deferred payments.

Ford also discusses Base Resources Limited’s (LON:BSE) move to acquire the Toliara Sands project in Madagascar in a deal that will be funded by a US$100 mln placing and entitlement offer.

Also up for discussion is the news that European Metals Holdings Limited (LON:EMH) has added Cinovec NorthWest to the areas under consideration by the Czech State resource register for the granting of a mining license. Cinovec South was first put up for consideration back in February.

Plus – the changing of the guard at Vast Resources PLC (LON:VAST) as Andrew Prelea takes over as CEO.

Tue, 19 Dec 2017 09:57:00 +0000
Exciting times ahead for Vast Resources as Andrew Prelea takes over as CEO Vast Resources PLC's (LON:VAST) Andrew Prelea spoke to Proactive on the morning it was announced he's taking over chief executive.

The change at the top comes as the company transitions to focus more on its mining operations in Romania, where it is developing polymetallic open-pits.

''The company's stable, we're growing, we're looking at new opportunities, we're focused on our core business and we'll look at capitalising on that - and most importantly using our intellectual property we've gained over the years both in Zimbabwe and Romania to grow the business further''.

Mon, 18 Dec 2017 12:57:00 +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
Connemara Mining boss looking forward to busy 2018 after 'excellent' four months as CEO Patrick Cullen caught up with Proactive Investors on his four month and one day anniversary as CEO of Connemara Mining PLC (LON:CON).

''In the New Year we're going to consolidate what we've got on the two gold projects and then we're going to be planning for new drill targets''.

''We raised some money to do the work we're doing now and we'll finish that work so if we have to finish drilling in the new year then we'll go back and do it and take it from there'', Cullen says.

''We'll also be following our zinc progress very closely and we'll have some decisions to make going forward''.

''The gold's exciting and the zinc is very solid''.

Mon, 18 Dec 2017 08:09:00 +0000
Strategic Minerals moves to buy Leigh Creek copper project outright John Peters, managing director of Strategic Minerals Plc (LON:SML), tells Proactive they're to buy the Leigh Creek copper mine in South Australia from Resilience Mining Australia outright following due diligence.

The deal, subject to documentation, is due to take place on January 16, 2018.

Fri, 15 Dec 2017 08:49:00 +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
W Resources hoping to have ink dry on La Parilla US$30mln financing by year-end Michael Masterman, chairman of W Resources PLC (LON:WRES), chats to Proactive's Andrew Scott following the announcement this week they've received preliminary approval for a US$30mln term loan with a US special situations fund to finance the La Parrilla tungsten/tin mine in Spain.

The fund’s investment committee has agreed the term loan with financial close targeted for late December 2017 or January 2018.

The plan in the first phase is to produce 2,700 tonnes of tungsten concentrate a year from mining 2mln tonnes of ore, with mine production to be expanded to 3.5mtpa/4,000 tonnes of concentrate in the second phase.

Wed, 13 Dec 2017 11:37:00 +0000
Metalla announces maiden dividend and record quarterly production Brett Heath, president and CEO of Metalla Royalty and Streaming Ltd (CNSX:MTA) and independent director E.B. Tucker caught up with Proactive after announcing record quarterly production for the three months to the end of November.

158,865 ounces of silver was shipped and provisionally invoiced during the period.

Metalla's also approved and declared a monthly cash dividend payment of CAD$ 0.001 per share with the intention of expanding it over the next year.

Wed, 13 Dec 2017 09:22:00 +0000
Bacanora Minerals delighted as feasibility study indicates Sonora worth US$1.25bn Peter Secker, Bacanora (LON:BCN) chief executive, believes the Mexican deposit can become one of the world's top lithium producers and generate significant returns for shareholders given its low operating costs.
The rate of return is 26% and net present value US$1.25bn while Sonora also has the resources to run for more than 200 years at the projected annual production rate of 35,000 tonnes.

Wed, 13 Dec 2017 08:54:00 +0000