Mila Resources PLC (LSE:MILA) said rock chip samples from the recently acquired Monal, Yarrol, and Mt Steadman licences in Queensland, have highlighted significant gold and copper mineralisation across multiple targets.
Rock chip and sampling at Monal returned best grades of 26.8 g/t gold and 24.6 g/t with high copper grades also noted.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) ramped up production in its latest quarter as new mines at Lafique and Sabodala-Massawa CIL came on stream.
Production at the Africa-focused gold miner rose to 270,000oz in the three months to end September 2024, up 8% on the previous quarter, and making 741,000oz for the year so far (792,000oz).
Empire Metals Ltd (AIM:EEE) said metallurgical gravity test work on anatase-rich weathered cap samples from its Pitfield project in Western Australia produced a heavy mineral concentrate.
The recoveries of titanium and iron were 80% and 92%, respectively. Importantly, said Empire, the rejection of aluminium and silica minerals was also high.
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) said the latest exploration results in the Paterson region of Western Australia indicate more potential gold mineralisation that can be followed up once the Telfer and Havieron acquisition is completed.’
Shaun Day, Greatland’s managing director, added; “Completion of our transformational acquisition of Havieron and Telfer is targeted for this December quarter, and ownership of the Telfer infrastructure greatly enhances the value of exploration success in our Paterson portfolio.
Kodal Minerals PLC (AIM:KOD) has said that a statement from partner Hainan Mining concerning the binding MoU on the Bougouni project between the Mali government and the pair’s joint venture company, KMUK, is not consistent with discussions held thus far.
In the statement, Chinese group Hainan said that a US$15 million payment due to the Mali Government is in respect of taxes due.
Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) is expanding its operations into Australia with the all-share acquisition of Tennant Consolidated (TCMG), the developer of a gold project in the Northern Territory.
South Africa-based Pan African acquired an 8% stake in TCMG in March for US$3.4 million in cash and taking full 100% ownership will cost $54.2 million.