Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) has received its environmental permit (EPA permit) for the Ewoyaa lithium project from Ghana’s Environmental Protection Agency (EPA).
The permit serves as the EPA's approval for the company's proposed activities at the project, said the statement, and is an important landmark in the permitting process for the project.
Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) CEO Cobus Loots tells Proactive that tailwinds are building behind the gold miner helped by the record gold price.
Cobus Loots: The gold price definitely is a tailwind to this point. But it's quite important to note that for the year, we received a gold price of just under $2,100 per ounce. Gold prices really only started rallying towards March and later.
The US bank Stifel has repeated its 'buy' and 40p target for shares in Rainbow Rare Earths Ltd, which earlier Wednesday upgraded the resource at Phalaborwa, South Africa, by 15%, adding two years to the project life.
Total measured, indicated and inferred resources now stand at 35 million tonnes at 0.44% TREO [rare earths], with a near doubling in the material now classified as measured.
Pan African Resources PLC's (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) full-year dividend (1.2c) was much better than expected and a signal of management's confidence in the MTR ramp-up and gold price strength, suggests broker Peel Hunt.
In 2024/25, Peel Hunt expects production of 216,000oz, which the broker said is towards the bottom end of guidance (215-225koz) meaning that a strong ramp-up curve at MTR could see upgrades.
Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) boss Cobus Loots said the business is in ‘compelling’ shape as he celebrated ten years in charge of the South African gold miner.
“The group’s unique value proposition of surface and underground mining, high-margin long-life production, blend of financial strength, growth potential, gold resource base, dividend track record and unwavering dedication to ESG principles, makes it a compelling choice for investors," he said.
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) has upgraded the resource at Phalaborwa by 15% adding two years to the project life.
Total measured, indicated and inferred resources now stand at 35 million tonnes at 0.44% TREO [rare earths], with a near doubling in the material now classified as measured.
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) has completed a US$325 million equity (£248 million) raise to acquire the Havieron and Telfer projects in Pilbara, Western Australia.
Overnight, Greatland entered into a binding agreement with partner Newmont to acquire its 70% interest in Havieron and the Telfer gold-copper mine for US$475 million.
Empire Metals Ltd (AIM:EEE) has started its next major exploration programme at the Pitfield titanium project in Western Australia with drilling underway at its two main targets of Thomas and Cosgrove.
Around 1,000m of Diamond Core drilling will be completed in October, Empire said, to get a better geological understanding of the weathered cap zone, including thickness, grade and shape,
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) has confirmed it is in talks to acquire the Havieron development and nearby Telfer gold mine from partner Newmont in a deal worth A$500 million (£254 million).
Reports in Australia over the weekend said that Greatland was being funded for a large part of the deal by shareholder Wyloo with an exclusivity period signed with Newmont to complete the deal.
European Green Transition PLC (AIM:EGT) has completed a drill programme at its Olserum Rare Earth Element (REE) project in Sweden with assay results expected later this year.
Thirteen holes covering around 1,500 metres of diamond core drilling were carried out as part of the programme, which EGT said was completed ahead of schedule and below budget.