Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) said earnings for the twelve months to end June 2024 will be more than 25% higher than the year previously.
A trading statement is a requirement of the Johannesburg stock exchange if earnings change by 20% from the year before and the South African gold miner said headline earnings per share (HEPS) are expected to be between US3.99c per share and US4.31c per share.
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has reported positive results from its ongoing drilling program at the Douta Gold Project in Senegal.
The focus has been on the Makosa East Prospect, located parallel to the main Makosa mineralised trend - this area remains outside the current resource estimate, which is currently 1.78 million ounces of gold.
Rome Resources Plc (AIM:RMR, AIM:RMR) said that two diamond core drill rigs are operational at the Kalayi prospect, while one is active at the Mont Agoma prospect in North Kivu, Democratic Republic of Congo. These sites, along with the Mont Agoma Northwest prospect, form part of the Bisie North Projects.
At Kalayi, the third drill hole, KBDD007, has reached a depth of 103 meters. The second rig at Kalayi, located on the same line as KBDD006, is targeting a tin zone approximately 50 meters below a previously identified mineralised area.
Kodal Minerals PLC (AIM:KOD) said the first key components for the Dense Media Separation (DMS) and processing plants at its new lithium mine at Bougouni have arrived in Mali.
Civil construction works at Bougouni are also now 85% complete, it added, with only minor floor slabs and smaller footings remaining.
Rockfire Resources PLC (LSE:ROCK) shares soared 27% after announcing a big upgrade to its mineral resource for the Molaoi zinc-silver-lead project in Greece.
It increased by 500% to 15.0 million tonnes with grades of 7.26% zinc, 1.75% lead, and 39.5 g/t silver, translating to a zinc equivalent of 9.96%. This figure includes 1.09 million tonnes of zinc, 260,000 tonnes of lead, and 19.1 million ounces of silver.
Empire Metals Ltd (AIM:EEE) said testwork on material from its Pitfield titanium project in Australia had identified number several potential processing routes with the focus now on a process for both anatase and titanite ores.
An objective of the tests has been to develop a processing flowsheet for a fully integrated, mine-to-high-value titanium product facility, Empire added, with work so far focused on the bedrock titanite ore and separating the Ti-bearing minerals from the low-value, gangue minerals
Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) has confirmed the “excellent” qualities of its Kasiya Graphite and Rutile Project feedstock for natural graphite battery anode materials after producing high-quality Coated Spherical Purified Graphite (CSPG).
In describing results achieved as "outstanding", the company says the product has “performance characteristics comparable to the highest quality natural graphite battery material produced by dominant Chinese anode manufacturers”.
Kodal Minerals PLC (AIM:KOD) expects to become the UK's first-listed lithium producer later this year when production from Bougouni in Mali gets underway.
Bernard Aylward, chief executive, said: "The past 12 months have been truly transformational for Kodal as the Bougouni lithium project has advanced in Mali and transitions from developer to producer.
Bradda Head Lithium Ltd (AIM:BHL, OTC:BHLIF, TSX-V:BHLI) has recorded lithium shows from channel samples at a new target on its San Domingo pegmatite project in central Arizona.
Two prospects at the Dragon target indicated 8.8m of 0.97% Lithium Oxide (Li2O) and 10.40 meters of 0.68% Li2O on the same pegmatite.
ACG Metals (LSE:ACG) has completed the acquisition of the Gediktepe Mine in Turkey from Lidya Madencilik, a subsidiary of Istanbul-based Çalık Holding in a transaction worth $290 million.
It positions ACG as a high-growth copper mining company on the London Stock Exchange, marking the first step in its plan to expand through further deals.
Ora Banda Mining Ltd (ASX:OBM) is working on its Riverina and Sand King underground mines which together form part of the Davyhurst Gold Project in Western Australia.
These are collectively the centrepiece of the company's 'Drive to 150' Project, under which Ora Banda is targeting annual production of 140,000 ounces to 160,000 ounces in the 2026 financial year.