Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has started the wet commissioning of its new Lafigué project in the Ivory Coast.
Construction is now 94% complete, it said, with the project on budget and the first gold pour expected to take place in late June, a quarter ahead of schedule.
Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) has started groundwork at Senya Beraku, a new licence in Ghana within its East African Cape Coast portfolio.
Lying 70km from Atlantic’s flagship Ewoyaa project, initial exploration will comprise geochemical soil sampling, geological mapping and rock chip gathering over the tenement’s 82.11sq km.
Equities analysts have responded positively to Ariana Resources PLC (AIM:AAU)’s Turkey-based partnership signing of a US$20 million credit facility to support operations at the Kiziltepe gold-silver mine and the Tavsan mine construction programme.
“The favourable terms of the loan, in our opinion, underlines the benefits of Ariana’s partnerships and the quality of its Turkish assets,” WH Ireland analysts said of the deal.
Thor Explorations Ltd's (TSX-V:THX, AIM:THX, OTC:THXPF) Segilola gold mine in Nigeria is on track to meet 2024’s production target after the main operating units performed better than expected in the first quarter.
Gold produced from Segilola in the three months to end-March totalled 19,589 ounces at an average mill grade of 2.85 grammes per tonne and recovery at 90.71%.
Ariana Resources PLC (AIM:AAU)'s partnership in Turkey has arranged a US$20 million credit facility to support operations at the Kiziltepe gold-silver mine and the Tavsan mine construction programme.
Turkey’s largest bank, Ziraat Bankasi, will provide non-recourse finance at an effective interest rate of 8.5% repayable over three years with no hedging or currency swap requirements.
NextSource Materials Inc. (TSX:NEXT, OTCQB:NSRCF) is bringing on seasoned mining and resources executive Hanré Rossouw as president and CEO.
Rossouw, a British and South African national, will bring his extensive experience in the global natural resources industry spanning over 25 years to lead NextSource.
Empire Metals Ltd (AIM:EEE) said four diamond drill holes at its Pitfield project in WA all showed high-grade titanium mineralisation from the surface to where the drilling stopped at depths of more than 200m.
A JORC-compliant exploration number for the two high-grade targets at Cosgrove and Thomas should be released shortly, Empire added.