Greatland Gold PLC (AIM:GGP, OTC:GRLGF) said it expects to complete the acquisition of the Havieron project and Telfer mine by early next month.
In an update, Greatland added that remediation work on the Telfer tailings dam has been completed, foreign investment approval granted and permission given to transfer the lease at Port Hedland.
Kodal Minerals PLC (AIM:KOD) shares jumped 16% as the junior said it expects production from its Bougouni lithium mine in Mali to start in the first quarter of 2025.
While slightly later than originally planned, investors seemed reassured by the timeline given some uncertainties in the country and a recent payment dispute with its key partner Hainan.
Kodal Minerals PLC (AIM:KOD) has confirmed that first production from the Bougouni lithium mine in Mali remains on track for early 2025 and is within the US$65 million capital development budget.
Construction progress is accelerating after the wet season, it added, with all major buildings taking shape including the main DMS module, the screening building and the filtration building.
Sovereign Metals Ltd (ASX:SVM, OTC:SVMLF, AIM:SVML) has completed the mining trials stage of its Pilot Mining and Land Rehabilitation Program at the Kasiya Rutile-Graphite Project in Malawi, confirming that soft, friable Kasiya orebody can be efficiently mined utilising various mining methods.
Kasiya is the world’s largest natural rutile deposit – the purest, highest-grade naturally occurring titanium feedstock. It is also the world’s second-largest flake graphite deposit – a battery mineral essential for the energy transition.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) plan for its Bilboes project in Zimbabwe is starting to shape up after some early road bumps.
The project is a key plank in a strategy to add another leg to the business and lift the load a little from its stalwart mine performer Blanket.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) exploration update from its Motapa project in Zimbabwe is encouraging says house broker Panmure Liberum, especially with it earmarked to play a key part in the miner’s growth prospects.
Motapa is immediately adjacent to the Bilboes project with historical open pits on Motapa North just a few hundred metres from the planned sulphide process plant.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) said it is assessing the Demirli copper mine in the Karabakh region (formerly Nagorno Karabakh) of Azerbaijan ahead of a possible reopening.
The contract area was acquired by Anglo Asian in 2022, with Demirli comprising two contiguous open pits and a six million tonnes per annum flotation plant to produce copper concentrate.
Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) profits jumped higher in its latest quarter helped by the record prices for gold recently.
Revenues for the quarter to September rose to US$40.2 million (Q3 2023: US$36.6 million) with underlying profits of [EBITDA] of US$27.4 million (Q3 2023: US$10.5 million).
Mila Resources PLC (LSE:MILA) has announced the completion of a field sampling programme at the Kathleen Valley Project in Western Australia.
Conducted by joint venture partner Liontown Resources (ASX:LTR), the programme involved collecting 15 samples from rock formations known as pegmatite veins, with analysis results pending.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) said recent exploration at Motapa, acquired in November 2022 and directly adjacent to the Bilboes project in southern Zimbabwe, had shown ‘highly encouraging sulphide zone mineralisation in the historic open pits.
In addition, drilling in new target areas also returned promising results both in shallower oxide and deeper sulphide zones.
Ariana Resources PLC (AIM:AAU) has arranged US$5 million of financing, with an initial US$2 million drawn down, to fund a feasibility study at the Dokwe gold project in Zimbabwe.
Riverfort Capital is providing the loan, which Ariana can utilise fully over a period of four years.