Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF, TSX-V:BHLI) said the pace of development of its assets in Arizona will continue throughout the second half of the year.
In the first six months, Bradda Head completed initial drilling at the San Domingo pegmatite asset with a second programme getting underway in the second quarter.
Shares in Glencore PLC (LSE:GLEN) are firmly in the red after dozens of the world’s biggest asset managers accused it of lying in past share prospectuses to cover up corrupt activities.
The stock, which is also trading ex-dividend today, is down 4.6% after the Financial Times reported an escalation in an action in London’s High Court that could have significant ramifications for the natural resources industry.
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) reported "significant" gold mineralisation from the Makosa gold deposit and the Sambara prospect at its Douta gold project in Senegal.
Douta includes the Makosa deposit, which boasts a total resource of roughly 1.78 million ounces of gold, with an indicated resource of 20.2 million tonnes (Mt) and an inferred resource of 24.1 Mt grading 1.2 grams per tonne (g/t) gold (Au) for 909,400 oz Au.
Kodal Minerals PLC (AIM:KOD) shares bounced 18.5% off a one-month low to 0.51p after it said an extension has been agreed for the deadline to complete the Bougouni lithium project funding package from Hainan Mining.
Following the pre-payment of US$3.5 million earlier this month, a new deadline of 30 September has been agreed, with the AIM-listed exploration and development company saying it has now completed the majority of items for the restructuring of its Mali subsidiary entities that hold the lithium interests.
Perseus Mining Ltd (ASX:PRU, TSX:PRU, OTC:PMNXF) has had a bumper year with higher gold production and prices leading to record profit for the 2023 financial year and enabling the company to pay a bonus dividend to shareholders.
The African-focused gold producer reported a net profit before tax of A$568.8 million for the year ended June 30, 2023, a 103% increase from the previous year on the back of a 27% increase in revenue to A$1.4 billion.
Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF, TSX-V:BHLI) said Charles FitzRoy has agreed to stand down as chief executive with immediate effect.
FitzRoy, who will retain his share options, will be replaced in the interim by Ian Stalker, who becomes executive chairman until a replacement is found.
Premier African Minerals Ltd (AIM:PREM) is to get a £5 million cash injection for the Zulu lithium and tantalum development in Zimbabwe from major shareholder Canmax.
Production is scheduled for November and the cash will tide Premier African over as operations ramp up until the first revenues, it said in a statement.
Amaroq Minerals Ltd (TSX-V:AMRQ, AIM:AMRQ) has announced an increase in cash at the half year stage, as plans to develop and produce gold from the Nalunaq mine in Greenland remain on track.
Cash sat at US$39.7 million as of June 30, up from US$19.5 million last year, the company said in a results statement on Tuesday.
Andrada Mining Ltd (AIM:ATM, OTC:AFTTF) said channel sampling and geological mapping programme in licence ML 133, 35km southeast of its Uis mine, has confirmed the continuity of lithium mineralisation.
Primary lithium minerals identified were spodumene and petalite over a 6km long trend, the company said.
Empire Metals Ltd (AIM:EEE) said an airborne survey flown recently over the Pitfield project in Western Australia indicated even higher grades of titanium than previously thought.
A large, very dense core within the 40km long magnetics anomaly was picked by the survey and in an area outside of Empire's maiden drilling programme.
Base Resources Limited (AIM:BSE, ASX:BSE) said a strong operational performance in its latest fiscal year boosted cash resources though write-downs on its Kwale deposit in Kenya hit the bottom line.
Revenue in the year to June 2023 dropped by 3% US$271 million, with a net loss of US$4.8 million after an impairment charge of US$88.9 million for Kwale, which is nearing the end of its commercial life.
Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTCQX:GALKF) told investors it was “excited” by results of a drilling programme in Scotland as it unveiled a narrowed loss in the second quarter.
The Canadian drilling firm said in the three months to June its net loss narrowed to to C$1.36 million from C$1.58 million while the cash outflow from operating activities totalled C$793,674 compared to C$1.74 million.
Amaroq Minerals Ltd (TSX-V:AMRQ, AIM:AMRQ) stock reached a new 52-week high on Monday as positive sentiment toward the Greenland-focused gold and strategic metals explorer continues to boost its share price.
By midday in Toronto, the company’s shares were up 7% at C$0.91, taking gains for the past year to 38%. Its London-listed shares were untraded due to a bank holiday in the UK.
Antipa Minerals Ltd (ASX:AZY) has received firm commitments to raise $5 million via a placement to institutional and sophisticated investors with proceeds to extend exploration and appraisal activities at its flagship Minyari Dome gold-copper project in WA's Paterson Province.
The Minyari exploration program, being conducted in the current half year, involves follow-up growth drilling activities at various prospects including the recent near-surface high-grade gold discovery at the GEO01 target, plus scout drilling of several key geophysical and soil geochemical exploration targets including the Tetris and Pacman targets.