Ora Banda Mining Ltd (ASX:OBM) is set to receive a $10 million payment from Davyston Exploration Pty Ltd (DEPL), a wholly-owned company of in the Wesfarmers Chemicals, Energy and Fertilisers division (WESCEF) after completing the first stage of a farm-in agreement for the non-gold mineral rights at the Davyhurst Project.
OBM signed an amendment to the transaction documents with DEPL that allowed – among other things – for a completion of the first tranche of the joint venture (JV) agreement, expected to occur today.
Ariana Resources PLC (AIM:AAU) said drilling at Tavsan in Turkey had intercepted several high-grade intervals spanning more than 10 metres (m) in the deeper holes in some cases.
Nearly 9,000m have now been drilled in the current campaign at Tavsan, it added, with best results including 2.52 grammes per tonne (g/t) gold over 12m from a depth of 114m and 2.1g/t over 11m from 137m.
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) said the mineral resource estimate (MRE) at the Havieron development in Western Australia has risen by 29% to 8.4 million ounces of gold equivalent.
A 30/70 joint venture between Greatland and Newcrest (Newmont), Havieron now contains an estimated 7 million ounces of gold, up by 28%, and 275,000 tonnes of copper, or 1.4 million gold equivalent oz.
Antipa Minerals Ltd (ASX:AZY) continues to intersect shallow high-grade gold mineralisation during drilling at the GEO-01 target within its 100%-owned Minyari Dome Gold-Copper Project in the Paterson Province of Western Australia.
Drilling here, part of the now completed Phase 2 CY2023 exploration campaign at Minyari Dome, consisted of two Western Australian Government Exploration Incentive Scheme (EIS) co-funded diamond core holes for a total of 762 metres and 25 reverse circulation (RC) drill holes for a total of 4,024 metres.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) has appointed mining industry veteran Jonathan Henry as an independent non-executive director to replace Len Kolff, who will now focus on his non-board work as chief geologist.
Henry is a senior executive with significant, global listed company experience, primarily in the mining industry, having held various leadership and board roles for nearly two decades, said Atlantic Lithium.
Critical Mineral Resources PLC (LSE:CMRS) announced that chairman Christopher Lambert has left the board of directors with immediate effect.
The Morocco-focussed exploration and development company concurrently announced the appointment of Noureddine Sabraoui, Critical Minerals’ general manager, as chief operating officer with immediate effect.
Antipa Minerals Ltd (ASX:AZY) has identified a ‘very large’ coherent gold and pathfinder anomaly from a geochemical sampling program at the Wilki Farm-in Project close to Newmont’s giant Telfer gold-copper-silver mine in Western Australia's Paterson Province.
Known as Parklands, the new “high-impact” gold target has a geochemical sample lag result of 1.52 g/t gold with multiple results greater than 0.1 g/t gold.
Empire Metal Ltd has identified more shallow-level titanium from the first five assays received from a four-hole reverse circulation (RC) drill programme at Pitfield in Western Australia.
A new shallow zone of bedded higher-grade TiO2 mineralisation was identified from the assays, in addition to extending the overall broad footprint of significant TiO2 mineralisation already discovered.
Tirupati Graphite PLC (LSE:TGR, OTCQX:TGRHF) has announced the latest issue of shares to Battery Minerals Ltd (ASX:BAT) as part of its deal to acquire Suni Resources SA.
Some 6,546,556 shares were issued to Battery Minerals as part of the second tranche of the agreement, Tirupati said on Monday.
Metals One PLC (AIM:MET1) said it has completed 1,548 metres (m) of diamond drilling across eight holes at the R1 Hook target at the Black Schist Project in Finland.
Assay results are expected in early 2024, alongside structural interpretations and detailed work aimed at materially increasing the Black Schist project's existing resources.