Empire Metals Ltd's house broker SP Angel says it is too early to guess the value of the titanium at its Pitfield project in Western Australia, but the scale of the finds so far is impressive.
In a note, the broker said: “The scale of the potential titanium deposit looks unlike anything we have seen before with a strike extent of 30km and a 5km deep keel identified by coincident magnetics and gravimetric geophysical surveys".
Endeavour Mining’s upgrade of the Assafou deposit at the Tanda-Iguela property in Côte d'Ivoire delivered well beyond even the most optimistic expectations, according to US broker Stifel.
“Results from the programme further demonstrated the significance of the discovery and hinted at its potential to eventually develop into another cornerstone tier-one mine,” said the broker.
Ariana’s latest results from the Salinbas gold-copper project in northern Turkey (23.5% interest) suggest it could soon be the third project to reach production after Kiziltepe and Tavsan, says WHI Ireland.
Kiziltepe is in operation and Tavsan is under construction, while the assays today point to improved consistency and higher measured and indicated resources at Salinbas.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) said the indicated gold resources at the Tanda-Iguela property in Côte d’Ivoire had increased four-fold after its recent drilling campaign.
Almost 96% of the resource at the Assafou deposit at Tanda-Iguela is now in the more certain indicated category, it said, adding there remains significant upside with the 3.3km mineralised trend open along strike and at depth.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) chief executive Keith Muller has hailed the company’s progress over the past year and pointed out its new focus on transitioning from an explorer and developer to a producer.
Atlantic’s Ewoyaa mine in Ghana was last month awarded the first lease of its kind by the country.
Ariana Resources PLC (AIM:AAU) said the latest drilling results at Salinbas in Turkey have defined wide zones of high-to-moderate grade gold mineralisation in a number of areas.
Assays from 61 holes of resource drilling covering 6,000 metres (m) in the upper Salinbas area showed best results of 7.2m at 9.37 grams per tonne (g/t) gold, 6.5m at 3.69 g/t and 11.05m at 1.56 g/t.
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) said surface sampling across its Panorama East, Panorama and Panorama North tenure has confirmed it is prospective for nickel.
Results including 27 soil samples from the Ni_04 prospect returned above 0.1% nickel over a 1.4km strike extent with a best result of 0.3% nickel in a rock chip sample.
Endeavour Mining is heading into 2024 in good shape, according to analysts at Barclays, helped by geopolitics and its own efforts.
An upcoming resource upgrade on Tanda-Iguela should trigger NPV upgrades, says the bank while the gold price looks interesting given ongoing elevated geopolitical risk, low current VIX levels and record central bank buying.
Gold and silver miners continue to shine benefiting from the recent rally in precious metals prices.
The price of gold has risen 2.5% this week alone, taking it back above the $2,000 an ounce mark, currently trading at $2,038.73/ounce, while the price of silver has enjoyed an even better week, up 5.7%.
Empire Metals Ltd (AIM:EEE) climbed to a five-year high as the Aussie-based explorer published more impressive-looking drill results from its Pitfield project in Western Australia.
Titanium mineralisation extended at hefty grades almost from where it put the drill bit in the ground until it stopped at 350 metres (m), the junior reported in its latest update.
Empire Metals Ltd (AIM:EEE) said it recorded more significant intersections at Pitfield that confirm it is a world-class, district-scale titanium mineral system.
Assays from two holes drilled to a depth of 350 metres (m) included 297m of TiO2 (titanium dioxide) at an average grade of 6.1% in one hole and 173m at 5.76% in the other.
Metals One PLC (AIM:MET1) is to start drilling its Rauta 9-11 licence at the Black Schist Project (nickel, copper, cobalt, zinc) in Finland after the receipt of a permit extension.
A 1,600-metre diamond drilling programme at the R1 target will start next week, it added.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) said it recorded a continuous pegmatite interval of 106 metres (m) in resource drilling at its Ewoyaa deposit in Ghana, the longest in its 2023 drilling programme.
Ariana Resources PLC (AIM:AAU) said drill results from the Kizilcukur project in Turkey indicate a high-grade, technically straightforward resource that should augment the existing gold operation at Kiziltepe.
Resource and extension drilling tested three zones of mineralisation at the deposit with the best results 6 metres (m) at 4.75 grams per tonne (g/t) gold and 7.3m at 2.43g/t while outcropping samples contained grades as high as 15.4g/t.
Ora Banda Mining Ltd (ASX:OBM) has made progress in operations at the Davyhurst project in Western Australia, particularly at the Riverina site, as part of its ambitious ‘DRIVE to 100 Project’, which is targeting production of more than 100,000 ounces of gold by the 2025 financial year.
The company's focus is trained on efficient operations, infrastructure development and exploration initiatives to reach this target.
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has reported to investors a solid operational performance for its third quarter.
It highlighted that gold production remained steady, with 19,021 ounces produced in the quarter, in line with the year's targets. For the first nine months of 2023, it produced a total of 63,328 ounces, which was also "on target".