StratMin Global Resources PLC (LON:STGR) ended the week with news of a proposed disposal.
The graphite group looks set to receive around double its current market valuation in an asset sale should also provide a “funding solution” for its Madagascan graphite operation.
The deal will see Stratmin offload its 93.75% stake in Graphmada Mauritius business to Bass Metals Ltd (ASX:BSM) for up to £8.1mln.
Bass will make staged cash payments, hand over some its equity and has agreed a royalty arrangement.
It was one of a number of releases from the sector last week.
Shares in Rare Earth Minerals plc (LON:REM) were wanted on the back of news from Macarthur Minerals, in which it has a 15.5% stake.
Toronto-listed Macarthur Minerals Limited (TSE:MMS) has made an application for an additional exploration licence in the Eastern Pilbara region of Western Australia, expanding the size of its exploration licence applications by 138 square kilometres to 1,084 square kilometres.
Another riser on Friday was Kibo Mining PLC (LON:KIBO) as it revealed the work on the definitive power feasibility study for the Mbeya Coal to power project in Tanzania had been completed.
The firm noted that the results of the study can only be announced once a review process has been completed.
However, it said that all the report's outcomes to date have been "well within our expectations".
Premier African Minerals Ltd (LON:PREM) revealed last week that the Danakil potash project in Ethiopia could become the globe's lowest cost producer.
It comes after Circum Minerals Ltd, to which Premier sold the project in 2014, unveiled an optimised definitive feasibility study on the site. Premier African still retains around a 2% interest.
The optimised report reduced development capital costs by US$276 million and operating costs were reduced by around US$3 per tonne, compared to the 2015 DFS.
Minerals sands miner Sierra Rutile Ltd (LON:SRX) is trading in line with expectations, it told investors, with first quarter production expected to be seasonally lower quarter-on-quarter.
Sierra said first quarter rutile production is expected to be about 26,000 tonnes, down by a third on the previous quarter but up 11% year-on-year.
The company expects to produce between 120,000 and 135,000 tonnes, it confirmed in its full-year results.
In 2015, it produced 126,021 tonnes of rutile, up 10% on the year before, representing the company's highest production since operations started.
Elsewhere, shares in IronRidge Resources Ltd (LON:IRR) nudged higher as it revealed the appointment of a new non-exec director.
Kenichiro Tsubaki (Ken Tsubaki) joins with immediate effect, replacing Thomas Ueda, who has retired, the mining firm said.
Tsubaki, 47, formally joins the board as part of the company's strategic alliance with Sumitomo Corporation (Sumitomo) and brings to IronRidge a wealth of expertise in strategic development, marketing, operational and corporate development.
Jubilee Platinum PLC (LON:JLP) saw shares rise after it posted a positive set of interim results.
Leon Coetzer, the company’s energetic chief executive referred to the period in question, to the end of December 2015, as “transformative”, but what investors really liked was the post-period end update on funding.
Funding is tight in the junior mining sector at the moment, as every seasoned investor knows.
Nevertheless, the moves Jubilee has been making in disposing of its smelting business and its acquisition of two platinum surface processing projects, has allowed it to secure significant backing both in the equity and the debt markets.