Greatland Gold PLC (AIM:GGP, OTC:GRLGF) has completed a maiden drilling campaign at the Paterson South project, meeting the minimum commitment of its farm-in deal with Rio Tinto more than a year early.
Diamond core (DD) and deep reverse circulation (RC) drilling was successfully completed at the Stingray and Decka targets at the Budjidowns tenement, which lie within 20km of Greatland's Havieron gold-copper project.
Metals One PLC (AIM:MET1) said that Gunsynd has confirmed its commitment to making the first payment of £250,000 to FinnAust Mining Northern under their Black Schist project farm-in agreement.
Through the agreement, Gunsynd has committed to subscribe for 25% of FinnAust, a subsidiary of Metals One, at an aggregate subscription price of £1,000,000.
Ora Banda Mining Ltd (ASX:OBM) has fielded significant findings from its ongoing exploration efforts at the Sand King deposit, situated along the Siberia trend, some 800 metres north of the Missouri Open Pit in Western Australia.
In a recent development, the first two holes drilled at Sand King have yielded results that point to the underground potential of this resource-rich site, including what appear to be high-grade depth extensions to the orebody.
Imagine you're in a dimly lit bar, the kind of place where Wall Street traders loosen their ties and spill secrets. You overhear a conversation between two men, both seasoned investors.
One of them, let's call him Jack, is a traditionalist. He's all about blue-chip stocks and bonds. The other, we'll name him Oliver, is a modern-day gold prospector, albeit in a suit and tie. Oliver is trying to convince Jack that the real treasure lies in gold mining stocks.
Mila Resources PLC (LSE:MILA) said it will be in the “most solid position" since it listed in 2021 if shareholders vote in favour of the £2 million fundraise on 8 November.
“We have a clear strategy and are well capitalised to deliver the strategy to fruition,” said Mark Stephenson, executive chairman.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) has unveiled its quarterly activities and cash flow report for the three months to September, shedding light on advancements at the Ewoyaa Lithium Project in Ghana.
One standout over the period was the commitment from partner Piedmont Lithium (ASX:PLL, OTC:PLLTL) to shoulder the first US$70 million of the projected US$185 million needed for Ewoyaa’s feasibility study.
Ora Banda Mining Ltd (ASX:OBM) has executed a binding joint venture and farm-in agreement with Brenahan Exploration Pty Ltd (BEPL), a subsidiary of Wesfarmers, selling 65% of its non-core mineral rights on the Davyhurst tenement package for a cash consideration of A$26 million along with a 2% royalty.
In this 65%/35% JV, BEPL reserves the right to solely fund A$15 million in exploration over the next three years, thereby increasing its stake to 80%.