Conroy Gold and Natural Resources PLC shares shone in early trading, climbing 10% to 19.9p, after the company told investors it discovered a new gold target in County Monaghan.
This, Conroy said, alongside a recent discovery of a gold target in County Armagh, has led to the identification of a second gold trend in the Longford-Down Massif.
Trident Royalties PLC (AIM:TRR) noted that construction is going ahead at the Thacker Pass lithium project, where it holds a 60% interest in a gross revenue royalty.
Project operator Lithium Americas Corp (LAC) issued a statement yesterday saying it has been given permission to begin construction in Nevada from the US Bureau of Land Management.
Bens Creek Group PLC (AIM:BEN, OTC:BENCF) told investors that MBU Capital has exercised its right to convert the full outstanding amount under its loan facility into equity.
It comes after an agreement was struck between Bens Creek and MBU, the company’s largest shareholder, as the AIM-quoted firm seeks to ensure it has limited exposure to debt obligations that could impede cash flow prior to its intended start of dividends.
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) said EnviroCopper Limited (ECL), in which Thor holds a 30% stake, has commenced an innovative geophysical survey at the Alford West copper-gold project in South Australia.
The Ambient Noise Tomography (ANT) survey is being carried out using the ExoSphere technology by Fleet Space, Thor noted. The technology involves lightweight battery-powered sensors measuring naturally occurring seismic vibrations to detect variations in density of the underlying rock units. This means subsequent drilling can be focused on areas with low-density contrast which have been shown to host oxidised copper mineralisation amenable to potential In-Situ Copper Recovery (ISCR), the company explained.
Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR), the AIM and ASX listed investor in natural resources opportunities, has announced it will cancel its AIM listing due to a need for greater flexibility to manage its portfolio and implement its new investing policy.
It will retain its Australian Securities Exchange quote.
Kavango Resources PLC (LSE:KAV, OTC:KVGOF) said it has prioritised the cluster of three identified 'B Conductors' identified last July on the KSZ North Project for drill testing.
In a statement, Jeremy S Brett, Kavango executive director and senior geophysical consultant, said: "The B1, B3 and B4 cluster of conductors is significant and drill ready.
Ariana Resources PLC (AIM:AAU) said its 75%-owned subsidiary Western Tethyan Resources (WTR) has completed due diligence on the Slivova gold project in Kosovo.
WTR is in the process of farming into the Slivova project, currently owned by Toronto venture exchange-listed Avrupa Mineral.
Anglo American PLC (LSE:AAL)’s adventures in the North York National Park could be the definition of a company digging itself into a hole – both figuratively and literally.
Anglo is the owner of the Woodsmith Mine, just south and inland from the picturesque holiday resort of Whitby.
Artemis Resources Ltd (ASX:ARV, OTCQB:ARTTF, AIM:ARV) shares dropped 10% in morning trading after the AIM and ASX-listed firm announced a capital raise.
The company said it has received firm commitments for a placing of 170,000,000 fully paid ordinary shares at A$0.015 per share to raise A$2.55mln before costs.
ECR Minerals PLC (AIM:ECR) said a new drill rig originally ordered in July 2021 has arrived in Melbourne.
The Australia-based explorer has been expanding its footprint recently and already signalled it expects a significant ramp-up in exploration activity this year.
Mining companies facing a tricky juggling act in 2023 as price rises tail off while costs continue to rise.
That’s the view of analysts at US bank Citigroup after reviewing the latest results and updates from the big mining sector.
Shanta Gold Limited (AIM:SHG, OTC:SAAGF) has received a buy rating with a target price of 17p from house broker Liberum following the mining group’s latest update.
Liberum noted that the New Luika gold mine in Tanzania continues to offset reserve depletion with additions and has extended the mine life by at least another year to 2028, at a cost of only US$2.1mln.
Lots of things were, after all, including the temporary decimation of all small-time UK investor enthusiasm for mining.
But time marches on. In due course, the ailing Woodsmith mine that caused all the trouble for Sirius was acquired at a knock-down price by Anglo American PLC (LSE:AAL), the mining major that constantly suffers a discount for its overexposure to Southern Africa.
Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR), the AIM and ASX listed investor in natural resource opportunities, has reported an uptick in its available cash in results for the full year ended 31 December 2022.
Cash in hand at the end of the year was £885,000, compared to £684,000, the company noted.
Base Resources Limited (AIM:BSE, ASX:BSE) has appointed Sheila Khama as non-executive director, adding significant experience and expertise to the board.
Khama’s resume comprises more than 25 years of experience in natural resources sectors, including senior roles and/or directorships at the World Bank and African Development Bank, De Beers, Tullow Oil and NASDAQ-listed battery metals company, The Metals Company (NYSE:TMC) Inc.
Panthera Resources PLC (AIM:PAT) said it has executed a conditional arbitration funding agreement (AFA) for up to US$10.5mln in litigation financing with LCM Funding SG Pty Ltd.
LCM Funding is a subsidiary of Litigation Capital Management Limited, a firm quoted on the AIM Market of the London Stock Exchange.
Kavango Resources PLC (LSE:KAV, OTC:KVGOF) has completed a strategic review involving exploration, financing and expansion with regard to its portfolio of assets in Botswana.
"We have built a team at Kavango that is ready to make economic metal discoveries,” said Kvango chief executive Ben Turney in a statement.
Technology Minerals PLC (LSE:TM1) revealed that the Cameroon Ministry of Mines, Industry and Technological Development has confirmed that the five exploration permits at the Technology Minerals Cameroon property have been validated under Cameroon law and granted to the company.
The property covers an area of 2,456 square kilometres in south-eastern Cameroon, proximal to the world-class Nkamouna nickel-cobalt laterite deposit.
Celsius Resources Ltd (ASX:CLA, AIM:CLA) continues to receive good news from drilling at the MCB Copper-Gold Project in the Philippines in the form of further shallow and high-grade copper assay results.
The results at the project held by CLA's Philippine subsidiary Makilala Mining Company, Inc continue to point to new positions of shallow mineralisation in line with previous results from drill holes over the last two years, and historical drilling information compiled earlier by Freeport-McMoRan.
Castillo Copper Ltd (ASX:CCZ, LSE:CCZ) has fielded encouraging initial test results on a composite sample from the Fence Gossan Prospect at Broken Hill that confirm rare earth elements (REEs) can be readily separated from clay and potentially beneficiated to a higher-grade concentrate.
Preliminary metallurgical test-work was carried out on a 20-metre composite sample from the prospect in East Zone discovery area of the BHA Project with clays subjected to froth flotation.
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has announced initial results from a reconnaissance drilling program currently underway at its Western Prospects joint venture (JV), approximately 15 kilometres (km) to the west of its wholly-owned Segilola gold mine in Nigeria.
The West African focused minerals exploration, development and mining company highlighted an intersection grading 227 grammes per ton (g/t) gold (Au) over a length of 2 metres (m).
Base Resources Limited (AIM:BSE, ASX:BSE) delivered revenues of US$126.6mln in the six months to December 2022, and net profit after tax of US$44.6mln.
Sales hit record levels as strong markets for mineral sands generated price improvements for all products from the company’s Kwale mine in Kenya.
Adriatic Resources PLC is continuing to drill at Rupice Northwest in Bosnia & Herzegovina, following a successful campaign in 2022.
In 2023, drilling continues to infill mineralisation to an indicated resource level of confidence and to close-out mineralisation currently open up-dip and down-dip on every section.
Mkango Resources Ltd (AIM:MKA, TSX-V:MKA, OTC:MKNGF) said its placing of 28mln common shares at 12.5p per share has received conditional approval from the TSX Venture Exchange, a Canadian stock exchange.
The group has raised, therefore, £3.5mln from new and existing investors, according to a statement.
Blencowe Resources PLC (LSE:BRES) said it has completed the mining and packaging of both a one-hundred-tonne bulk sample and a 150 kilogramme sample from its flagship Orom-Cross graphite project in Uganda.
In January 2023, the company received approval from the Ugandan Ministry of Energy and Mineral Development to export materials to Chinese testing facilities to enable final bulk metallurgical test work to be undertaken.
Britishvolt has been bought out of administration by Australian firm Recharge Industries, reviving plans for the UK's first electric vehicle battery factory.
Recharge confirmed the takeover in a statement on Monday, adding Britishvolt’s proposed £3.8bn EV battery plant in Northumberland was still on the agenda and likely to create “thousands of green, skilled and local jobs”.
Bens Creek Group PLC (AIM:BEN, OTC:BENCF) said it has started to repay its loan commitments as it near full production at its metallurgical coal mine in West Virginia.
Terms have been agreed with ACAM for the repayment of US$6mln of outstanding unsecured convertible loan notes (Second CLN) issued a year ago.
Orole Resources PLC has collected an additional 27 selective samples from outcropping rocks on its CLP project in Cameroon.
Ten of the new samples graded over one gram per tonne (g/t) gold, with best results of 64.3 g/t and 16.2 g/t.
Shanta Gold Limited (AIM:SHG, OTC:SAAGF) has increased the total gold resource for its acreage in Tanzania and Kenya to just shy of 3.7mln ounces (oz), a three-fold increase in five years, it said.
Mining reserves or the most certain category accounted for 625,000oz, with its producing New Luika (NLGM) gold mine in Tanzania now having an estimated mine life out to early 2028.
Empire Metals Ltd (AIM:EEE) said it has hit multiple kaolin indications plus a high-grade gold intercept from drilling at its Eclipse-Gindalbie project in Western Australia.
Nine holes were drilled at the site just west of the historical South Gippsland #3 mine, with grades in excess of 20% kaolin reported in four holes while a grade above 5 grams per ton (g/t) was the best result from the two gold holes.