Greatland Gold said good progress is being made with the mine development at Havieron with gold and copper also identified outside of the current resource area.
Havieron, in the Paterson region of Western Australia, is being built by Newcrest, which has a 70% stake in the project with Greatland holding the remainder.
Ora Banda Mining Ltd (ASX:OBM) has entered into an agreement with Lamerton Pty Ltd and Geoda Pty Ltd for the sale of certain non-core Lady Ida tenements for total consideration of $10 million.
Upon receiving the funds, the company will grant the buyers the rights to explore and mine gold and silver at the tenements.
Ariana Resources PLC (AIM:AAU) has said production from its Kiziltepe gold mining interests in Turkey should be around 18,000 ounces of gold in 2023, with a reduction from 2022 due to lower grade ore and scheduled reduced mill throughput.
Kerim Sener, Ariana managing director, said output at this level would still be more than twice the projected level when it drew up its original feasibility plan.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has followed up on its February 6, 2023, announcement concerning an update to the NI 43-101 compliant mineral resources and reserves estimates at its 64%-owned subsidiary, the Blanket mine in Zimbabwe,
Caledonia has now filed a new NI 43-101 technical report on SEDAR in support of Blanket's mineral resources and reserves estimates announced on February 6, 2023.
Ariana Resources PLC (AIM:AAU) said its wholly-owned Turkish operating subsidiary, Galata Mineral Madencilik, has been granted the exclusive exploration rights for three new licenses in Eastern Turkey as part of Project Leopard.
The three contiguous licences are valid for seven years and cover an area of 6,000 hectares.
Empire Metals has raised £1.25mln before expenses through a placing at 2.25p each to accelerate its plans at the Pitfield copper project in Western Australia.
With the placing funds, Empire said it is now fully funded for an expanded maiden drilling campaign at Pitfield.
Pan African Resources’ shares should run strongly, believes Peel Hunt, after the gold producer completed financing for the Mintails project.
Analysts believed that the potential need to turn to the market to complete the financing was “weighing heavily on the share price.”
Ariana Resources PLC (AIM:AAU) has released positive results from an induced polarisation resistivity geophysical survey conducted at the Kepez North and Kepez Main areas of the Kiziltepe Sector project in Turkey.
Both Kepez Main and Kepez North are part of Zenit Madencilik, held in partnership with Proccea Construction and Ozaltin Holding. Zenit Madencilik is 23.5% owned by Ariana.
Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) said it has completed a 400mln rand (US$21.6mln) transaction with Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, as the final component to the funding package for construction of the Mintails Project.
Following the successful issue of the group’s inaugural Domestic Medium Term Note programme of 800mln rand (US$43.2mln) in December 2022, and receipt of a 1.3bn rand (US$70.3mln) credit approved and underwritten term sheet from RMB for the senior debt tranche of Mintails Project funding, the full upfront capital of 2.5bn rand (US$135.1mln) has been secured with the transaction.
Condor Gold PLC (AIM:CNR, TSX:COG, OTC:CNDGF) has said the proposed sale of La India project in Nicaragua is now entering the end of its first phase, with various parties having conducted site visits and others ongoing.
Three formal expressions of interest, including two non-binding offers have been received by the company, and further offers are expected as nine companies are under a non-disclosure agreement.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) said it has identified significant copper mineralisation at Xarxar in the Gadabay region of Azerbaijan and an initial exploration model of the mineralisation has been prepared
The AIM-listed gold, copper and silver producer, which is primarily focused in Azerbaijan, noted that a geological block model and open pit mining study are currently being developed and will be published in the coming weeks.