Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) has made four new appointments and promotions to its Malawi team across key legal, permitting, and technical functions, strengthening the company’s in-country capabilities.
SVM appointed Maxwell Kazako as acting in-country manager following the promotion of Frank Eagar to managing director, Natasha Namisengo as general legal counsel, Pilirani Bangula has been appointed legal counsel – compliance, and the company promoted Tupoche Kayange to laboratory manager.
Ora Banda Mining Ltd (ASX:OBM) has received firm commitments from institutional investors to raise $30 million in a share placement, at an issue price of $0.22 per new share, to advance the Davyhurst Gold Project in Western Australia.
The company says the placement received strong support by both new and existing international and domestic institutional, professional and sophisticated investors.
Empire Metals Ltd (AIM:EEE) said it has started diamond drilling as part of the next major exploration campaign at the Pitfield Project in Western Australia.
A total of 800 metres of diamond core drilling will start the programme to be followed in March by a 40-hole Reverse Circulation drilling campaign covering 6,000m that will take approximately 10 weeks.
Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF, TSX-V:BHLI) has signed off a settlement with Arizona Lithium over unpatented lode claims at the Wikieup clay project in Western Arizona.
Some 66 new claims equating to 1,302 acres (5.27 km2) that were staked in early 2019, and held in its subsidiary Zenolith (USA) will be retained by Bradda Head.
Ora Banda Mining Ltd (ASX:OBM) has discovered a high-grade gold lode at the Sand King underground prospect of the Davyhurst Gold Project in Western Australia, adding to the prospectivity of the Siberian Gold Complex trend that strikes across the Sand King area.
The company drilled a hole to test for high-grade tension vein (090°) structures in the northern Sand King area, along strike from the main Sand King lode (090°) in a previously unexplored area.
Endeavour Mining said wet commissioning has started at the Sabodala-Massawa Expansion Project in Senegal with the first gold pour expected in early May.
In 2024, the operation is expected to produce between 360-400koz of gold at all-in-sustaining costs of between US$750-850/oz.
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) has upped its overall estimate for the resource at Phalaborwa in South Africa by 16% after bulk density studies.
Tonnage at the site has gone up to 35.1 million tonnes from 30.4m, with the expected life of the project extended by at least a further two years from the current 14 years.
Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) has initiated a conservation farming program in Malawi as part of the company’s sustainability goals around the development of its Kasiya Rutile-Graphite Project.
The company will facilitate the training of local farmers in sustainable farming techniques designed to increase maize crop yield, protect the soil from erosion and degradation, and improve long-term food security in the area.