The hits keep coming for Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF), but the market continues to undervalue the AIM-listed gold explorer, according to analysts at broker Peel Hunt.
In a Thursday operational update, Pan African announced it has finalised the acquisition of Tennant Consolidated Mining Group (TCMG).
Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) has finalised the acquisition of Tennant Consolidated Mining Group (TCMG), making the Northern Territory gold producer a fully owned subsidiary.
The transaction marks a key milestone for the company as it focuses on enhancing its production capabilities.
Critical Mineral Resources PLC (LSE:CMRS) has completed a sale of high-grade copper ore as part of its commodities trading business in Morocco.
Containing 5-10% copper, the product was sourced from a small-scale mine in the Anti-Atlas region. This transaction supports CMR’s efforts to expand its mining and trading operations.
Endeavour Mining PLC's (LSE:EDV, TSX:EDV, OTCQX:EDVMF) pre-feasibility study for Assafou has justified some of the ballyhoo surrounding the Ivory Coast gold project, according to Stifel.
Results from the PFS come less than three years following the project’s discovery in late 2021 and were broadly in line with expectations for a “larger Lafigué”, said the US broker.
Zanaga Iron Ore Co Ltd (AIM:ZIOC) has signed a Memorandum of Understanding (MoU) with Arise Integrated Industrial Platforms to develop port infrastructure for the Zanaga Iron Ore Project in the Republic of Congo.
The partnership will focus on creating both onshore and offshore facilities essential for iron ore exports.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) said a preliminary study at Assafou in the Ivory Coast has confirmed the potential for it to become a major gold producer for the FTSE 100 group.
Results from the pre-feasibility study indicated possible production of 329,000 oz a year at sustaining costs of US$892 an ounce over the first 10 years with a total estimated mine life of fifteen years.
Critical Mineral Resources PLC (LSE:CMRS) has signed its first offtake contract in Morocco with an agreement to buy high-grade antimony ore from a small-scale operator.
Through the renewable six-month deal, CMR will purchase all crude ore mined at this source, a semi-massive stibnite (antimony sulphide / Sb2S3) product.
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) has poured its first gold from the Telfer mine in Western Australia just five days after its acquisition from US giant Newmont.
Shaun Day, managing director, commented: "Greatland's first ever gold production at Telfer is a wonderful milestone and a credit to our team.
Empire Metals Ltd (AIM:EEE) hydrometallurgical testwork carried out on heavy mineral concentrates from the Pitfield project in Western Australia produced ‘exceptional results’
Acid leaching of the anatase-rich heavy mineral concentrate from gravity testwork resulted in 'almost complete extraction' of the titanium from the anatase, said the statement.