Natural resource investor Metal Tiger PLC’s partner (LON:MTR) has found more significant copper deposits at its Kalahari Copper Belt project.
Latest drilling by MOD Resources (ASX:MOD), which owns 70% of the project in Botswana, included an intersection of 28m at 1.76% from a depth of 103m.
Sienna Resources Inc (CVE:SIE) has acquired a strategically-located property right in the heart of the only lithium brine basin with a producing operation in North America.
The company’s new Clayton Valley Deep Basin project is situated in Nevada between ground owned by Pure Energy Minerals (CVE:PE) and Lithium X Energy Corp (CVE:LIX).
Patagonia Gold plc (LON:PGD) has raised an additional £510,000 to top up the £6.9mln placing completed last month.
The Argentinian gold miner is the process of switching production from its Lomada mine to a new operation at Cap-Oeste.
Increasing the resource at its Beruang Kanan Main copper project in Indonesia to feed the processing plant is a key target of Asiamet Resources Limited (LON:ARS, CVE:ARS).
It came as the firm filed a technical report supporting its April PEA (preliminary economic assessment), which underscored the potential for a robust, low cost project.
Armadale Capital (LON:ACP) remains in talks over a finance package to build its Mpokoto gold mine in the DRC.
African Mining Contracting Services Group (A-MCS) offered to put up US$20mln to build the mine last June but has yet to conclude its due diligence.
Sunrise Resources Plc (LON:SRES) revealed it is compiling historical data having staked claims on two potentially exciting gold projects in Nevada after it incorporating its new subsidiary Westgold Inc.
The idea is to generate gold and silver opportunities, which can be leased out, sold or joint ventured to capitalise on the high level of interest.
Kibo Mining PLC (LON:KIBO) shares shot up over 15% as it took another step towards a bankable feasibility study for its Mbeya coal to power project in Tanzania - after the first phase of the environmental and social impact assessment (ESIA) has been completed.
It comes after the firm received notice from the Tanzanian government that the ESIA studies for the Mbeya Coal Mine and Mbeya Power plant have both been officially registered.
Strategic Minerals Corporation PLC (LON:SML) remains on track to produce around 17,000 tons of iron ore this year.
The company has a tailings processing licence at Cobre in New Mexico and produced 3,427 (4,707) tonnes of iron in the three months to March.
Amur Minerals (LON:AMC) has pitched the potential of its Kun-Manie nickel project in Far East Russia to potential investors in Korea.
Through its tie-up with Russia's Far East and Baikal Region Development Fund, Amur met with a number of Korean state agencies over funding and participation options at Kun-Manie.
Mkango Resources Ltd (CVE:MKA) is to seek a listing on London's Alternative Investment Market (Aim), raising £1mln (C$1.87mln) in the process.
The listing will coincide with a placement of shares by the Republic of Malawi-focused rare earths explorer, plus a three-to-one share consolidation that would have the effect of reducing the number of shares in issue (ahead of the placement) from 121.26mln shares to 40.42mln.
Marshalls PLC (LON:MSLH), the supplier of landscape products, has seen a slight softening in commercial sales in the UK in the last two months.
Shares cratered, losing almost 8% at 319.44p after the release of a trading statement ahead of today's annual general meeting.
Breedon Aggregates Ltd (LON:BREE) said that, in line with a previous announcement, former chief executive Simon Vivian, had been appointed a non-executive director.
Earlier this year, Pat Ward replaced Vivian at the company, which produces aggregates, asphalt and ready-mixed concrete.
Shares in Golden Saint Resources Limited (LON:GSR) zipped up more than 11% in London as it raised over half a million pounds in a placing to, among other things, advance its bulk sampling operations in Sierra Leone.
Biggest shareholder Millennium Vista Ltd took part in the cash call and now owns almost 17% of the capital.
Rare Earth Minerals plc's (LON:REM) European lithium investment European Metals Holdings Limited (LON:EMH ASX:EMH) has published a first resource in the higher confidence indicated category.
Using data from five new drill holes, EMH's flagship Cinovec deposit in the Czech Republic is now estimated to contain indicated resources of 0.5Mt of lithium from 49.1Mt of ore at a grade of 0.43%.
Premier African Minerals Limited (LON:PREM) has resumed underground mining operations at its RHA tungsten mine.
Shipments of WO3 concentrate are also expected to resume from June 2016, said George Roach, chief executive.
Ariana Resources plc’s (LON:AAU) Australian subsidiary Asgard Metals has sold the final four of a package of lithium tenements in Western Australia and the Northern Territory to Kingston Resources.
The lithium-tantalum bearing pegmatitic prospects are being sold as part of a broader deal with Slipstream Resources to sell the 20 tenements to Kingston.
Gem Diamonds Limited’s (LON:GEMD) Letšeng mine has made a strong start to 2016, helping to ease the effect of the downsizing of operations at the company’s Ghaghoo mine.
The diamond producer’s Lesotho-based Letšeng mine saw year-on-year rises in carats recovered as well the grade.
Metal Tiger plc (LON:MTR) continues its bid to build a diverse range of mining investments - taking 400mln shares in London and Australia listed Thor Mining PLC (LON:THR) in a placing.
It has bought the shares for £100,000 and it will also receive one warrant for 0.025p with a life of 30 months.
Caledonia Mining (LON:CMCL) chairman Leigh Wilson is around £19,000 out of pocket after he had to buy back shares in the company sold by his financial adviser without his knowledge.
The Zimbabwe-based gold miner revealed yesterday that Wilson only found out last week his entire stake of 75,200 shares was sold at the end of February for 63 cents each.
Fast moving Alecto Minerals PLC (LON:ALO) has raised £665,000 for funds to bring its Matala gold mine in Zambia on stream.
Alecto wants the 400,000 tonnes per year open pit up and running within a year.
A feasibility study has indicated a life of around four years 8 months at $1,200 per ounce gold.
IFC, the investment arm of the World Bank, has further backed Condor Gold (LON:CNR) through exercising a non-dilute clause.
The clause was inserted in 2014 when IFC bought its original stake the Nicaragua-based gold explorer through a £3.5mln investment.
Landore Resoruces (LON:LAND) is to re-assess the lithium potential on its Junior Lake licence after a resurgence of interest of interest in similar deposits in Ontario, Canada.
A nickel/copper deposit primarily, Landore has been exploring for other metals culminating in a recent gold discovery at BAM East.
Vast Resources PLC (LON:VAST), the resource development and production company, has entered into a bridging loan arrangement with Darwin Capital.
The facility is for up to £1mln, and the company has already issued a £650,000 loan note to Darwin to raise funds for working capital requirements.
Caledonia Mining Corporation PLC’s (LON:CMCL, TSE:CAL) 49% gold mine subsidiary has sold US$3.2mln worth of Zimbabwe government bonds.
The bills were issued to the Blanket Mine in 2015 and replaced the Special Tradeable Gold Bonds issued in 2009. The bonds were issued as part consideration for gold sales that were made by Blanket in 2008.
KEFI Minerals PLC (LON:KEFI) said it had received formal confirmation that the Ethiopian government will plough US$20mln into the company’s Tulu Kapi gold mine in the country.
For that the authorities will receive a 20% stake, which, added to the current carried investment, takes their holding to a quarter of the project.
Sirius Minerals PLC (LON:SXX) has revealed some new diversity to its mining plans in North Yorkshire, with a scoping study identifying the possibility of producing de-icing salt at only a small additional capital cost.
The mine developer told investors that some 550mln tonnes of high grade salt deposits, suited to the de-icing market, could be accessed and mined at a rate of 2mln tonnes per year for an additional US$29mln.
The order book at marble quarrying company Fox Marble Holdings PLC (LON:FOX) has been substantially boosted by an order from Karailas Marble.
Karailias is an international trader of marble and other commodities with a head office and marble processing facility in northern Greece. It has signed a deal for a minimum of €440,000 worth of Sivec marble blocks during 2016, taking at least 200 tonnes per month.
It’s always a sign of the market’s confidence in a story when a company issues new equity at a discount and the shares nonetheless rise.
That was the case with Golden Saint Resources Ltd (LON:GSR) on the morning of 18th May, when it announced a £536,000 raise at 0.056p per share.
rilling has now started at the Hanns Camp nickel/copper sulphide prospect in Australia, Strategic Minerals (LON:SML) confirmed today.
By spending A$250,000 on exploration Strategic can take a 50% stake in Central Australian Rare Earths , the owner of the Laverton project that includes the Hanns Camp prospect.
Amur Minerals Corporation (LON:AMC) said its 2016 drill season is underway on the Kun-Manie nickel-copper licence in the Far East of Russia.
The work has two main objectives. It will be used to compile a large representative metallurgical sample for the MKF deposit, while there will also be an exploration element to it.