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Phoenix Copper Ltd (AIM:PXC, OTCQX:PXCLF) has renewed its option over the Redcastle Cobalt Property with an extension to the two main exploration expenditure commitments by two years, to 2026 and 2028 respectively.
This amendment requires Electra to spend US$1.5 million on exploration or other works by the third anniversary date of May 21, 2026, with an additional US$1.5 million to be spent by May 21, 2028.
Anglo American PLC (LSE:AAL) slipped into the red after the miner took a US$1.6 billion write-down of the Woodsmith fertiliser development in Yorkshire.
The miner had already said it would slow down the development of the polyhalite mine pending a final investment decision as part of a restructuring of its businesses after a failed bid from BHP.
Tharisa PLC (LSE:THS, JSE:THA, OTC:TIHRF) has signed a long-term Power Purchase Agreement (PPA) for wheeled renewable energy for the Tharisa Mine on the Bushveld Complex of South Africa.
The 15-year agreement with Etana will see 44% of Tharisa Mine's electricity energy supplied via wheeled energy from wind and solar farms in the Western Cape and Northern Cape using existing grid infrastructure.
Australia may be late to the party on nuclear energy as a clean energy source – if it gets there at all – but there’s a global push for energy solutions that can’t be ignored and one ASX company is leading the way to production in Mauritania.
Nuclear energy is essential for global economic decarbonisation. However, according to the World Nuclear Association, there will be a supply deficit of between 119 million and 242 million pounds per annum by 2040.
Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) has successfully wrapped up its dry mining trial at the Kasiya Rutile-Graphite Project in Malawi as part of an ongoing Pilot Mining and Land Rehabilitation Program.
The program leverages innovative mining techniques and sustainable practices to optimise resource extraction while fast-tracking land rehabilitation.
Bradda Head Lithium Ltd (AIM:BHL, OTC:BHLIF, TSX-V:BHLI) hailed its aggressive exploration programme following its recent US$3 million milestone payment for achieving a 2.5 million tonne resource at its Basin project in Arizona.
Ian Stalker, chairman, said: "Bradda Head maintained the company's aggressive exploration philosophy by drilling 2,353 meters at the Basin project.
Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) second quarter performance came in well above expectations due to a strong contribution from its Kestrel royalty in Australia.
Second quarter income jumped 63% to US$31.8 million as volumes were higher than expected from its area of Kestrel, while the rest of the portfolio performed as expected.
Tungsten West PLC (AIM:TUN, OTC:TNGWF) has raised £2.975 million through an addition (Tranche E) to the existing 2023 Convertible Loan Notes (CLNs) and Tranche D Convertible Loan Notes.
Tranche E will be issued on substantially the same terms as Tranches A, B, C and D of the CLNs with a maturity date of 31 January 2025.
European Green Transition PLC (AIM:EGT) said samples from its tailings recycling project at Limni in Cyprus indicated the presence of copper in water at the surface.
Acid soluble copper ranging from 0.41% to 0.92% found in crusts demonstrates the presence of copper in water at the surface, said the statement.
Ora Banda Mining Ltd (ASX:OBM) notched up record gold production for the fourth consecutive quarter with 19,271 ounces produced at the Davyhurst operations in Western Australia, one of numerous key value milestones that have set a strong growth platform for the company going into FY25.
Gold production for the three months was 11% higher than the previous quarter and came with no lost time injuries.
Blencowe Resources PLC (LSE:BRES) has raised approximately £ 1.9 million for 5p through a combination of a fundraise and suppliers taking payment in shares.
Net proceeds will be used for the Definitive Feasibility Study (DFS) for the Orom-Cross graphite project in Uganda alongside grant funding from the US Government's Development Finance Corporation (DFC), said Blencowe.
Chaarat Gold Holdings Ltd (AIM:CGH) dropped a further 10% as it said its current cash balance is US$400,000, which will keep it going until at least 16 August 2024 when it is expected to delist from AIM.
Asset Match has been appointed to facilitate secondary trading of its shares if shareholders approve its delisting from AIM
CleanTech Lithium PLC (AIM:CTL, OTCQX:CTLHF) reported more encouraging results from the first stage of its lithium carbonate elution pilot in Chile.
Results from the latest fine-tuning showed the DLE adsorbent achieved a lithium recovery rate of approximately 95% from the brine, with total recovery (adsorption plus desorption) achieving approximately 88%.
South32 Ltd (LSE:S32, ASX:S32, OTC:SHTLF, JSE:S32) shares traded lower, losing around 12.5%, as it announced some $818 million of write-offs – taking a hit for alumina and nickel assets.
It comes as the company’s flagship Worsley alumina operation was performing below target, due in part to equipment downtime.
URA Holdings PLC (LSE:URAH) said early production from the first phase of reopening the Gravelotte emerald mine in South Africa met its early targets while grades were better than expected.
An emerald recovery rate of over 80% had been established, said the statement, with the current average emerald grade at more than 30 carats per tonne.
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) said it is evaluating ways to optimise its Jibal Qutman and Hawiah projects in Saudi Arabia given 'the very positive regulatory support' in the country.
Ahead of its AGM Harry Adams, executive chairman, said drilling last year had better defined the known mineral resources at the projects and discovered nearby deposits.