Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) said earnings have rebounded due to higher gold production, a rise in the gold price and a weak South African rand.
Earnings per share for the six months to end-December 2023 will be between US$2.14 and US$2.30, the gold miner said, an increase of between 41% and 51% over the comparable period in 2022.
Emmerson PLC (AIM:EML) shares travelled 10% high in early Thursday exchanges after the company published an encouraging update on the Khemisset Multi-mineral Process (KMP)
The group completed a scoping study on the KMP, which aims to mitigate environmental impacts at the Khemisset Potash Project in Morocco while enhancing its economic returns.
Emmerson PLC (AIM:EML) has completed a scoping study on the Khemisset Multi-mineral Process (KMP), which aims to mitigate environmental impacts at the Khemisset Potash Project in Morocco while enhancing its economic returns.
The KMP method represents a strategic innovation by recycling brine in the production process, significantly reducing water usage and eliminating the need for deep well injection.
Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) has identified an 8-kilometre-long extension to rutile and graphite mineralisation at the Kasiya Project in Malawi through new drilling results which have the potential to grow the already world-class scale of the project.
Regional reconnaissance drilling outside the JORC (2012) compliant mineral resource estimate (MRE) area delineated the extension to the south.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11)’s executive charman has reiterated his belief that the company's Ewoyaa project in Ghana remains one of the world’s most attractive hard rock projects.
"Against a challenging market backdrop for lithium projects, we believe Ewoyaa's underlying fundamentals, notably its proximity to existing infrastructure and the favourable nature of the deposit, as well as the impressive economic outputs indicated by the DFS [definitive feasibility study], put the project in good stead versus its peers," said Neil Herbert.
Ariana Resources PLC (AIM:AAU) said its Asgard Metals Fund has seen "significant developments" from its portfolio of mining companies since November.
In Zimbabwe, due diligence drilling is underway at the Dokwe gold project, with Asgard increasing its investment in operator Rockover Holdings to around 2.1% by investing a further US$150,000.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL)’s update from the deep-level drilling programme at its Blanket Mine was encouraging, says broker Cavendish with grades and widths generally better than expected.
As a result, the overall resource should increase and so lead to an extension of the mine life.
Mila Resources PLC (LSE:MILA) told investors that its associate Liontown Resources (ASX:LTR) is slated to start its exploration for lithium at the Kathleen Valley gold project, in Western Australia.
Liontown has commissioned an aerial imagery survey, as part of work to comply with heritage and environmental regulations, ahead of a programme of sampling and drilling works.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) said the life of its Blanket Mine in Zimbabwe will likely be extended after recent in-fill deep drilling produced better-than-expected grades and widths.
Gold grades from around 1,000 metres (m) below the surface at the Blanket and Eroica ore bodies ranged between 3.62 grammes per tonne (g/t) to 8.8g/t over widths of 4-16m.