As it forecast, Eurasia Mining plc (LON:EUA) has produced its first platinum concentrate from the West Kytlim alluvial platinum project in Russia.
A batch of raw concentrate is now ready to be shipped to the Ekaterinburg non-ferrous metals processing plant in line with the refining contract signed in July.
As it forecast, Eurasia Mining plc (LON:EUA) has produced its first platinum concentrate from the West Kytlim alluvial platinum project in Russia.
A batch of raw concentrate is now ready to be shipped to the Ekaterinburg non-ferrous metals processing plant in line with the refining contract signed in July.
Graphite is a relatively new addition to the investment portfolio of Armadale Capital PLC (LON:ACP), but already it’s becoming central.
Almost immediately after it acquired the Mahenge Liandu project in June the company set to work on the ground on the ground in Tanzania. There was an electromagnetic survey, followed up by some geologic mapping, and both delivered encouraging results.
Harvest Minerals Ltd (LON:HMI) has been given the environmental green-light for its proposed mining operation at the Arapuá phosphate fertiliser project in Brazil.
In a stock market statement the company told investors that its Brazilian subsidiary has been granted the State Autorização Ambiental de Funcionamento (AAF) environmental licence for the project.
Investors in Sirius Minerals PLC (AIM: SXX, OTCQX: SRUXY) can stop holding their breath.
The window for all appeals against the company’s giant fertiliser mine has slammed shut.
It follows the closure of the judicial review period for the mine’s proposed harbour facility on Teesside.
Sirius Minerals PLC (LON:SXX) is a compelling candidate for ‘responsible investment’, according to Shore Capital analyst Yuen Low, who says the group’s UK mining project has best in class characteristics and ticks all environmental, social and governance boxes.
In an 18 page note, Low highlights that the sustainability credentials of Sirius’s North Yorkshire Polyhalite project often go underemphasised.
High grade has been the highlight of the recent drilling campaign undertaken by Landore Resources Limited (LON:LND) at its BAM East gold project on the company’s wider and extensively mienralised Junior Lake property.
In particular, one drill hole hit 53.5 metres at 1.38 grams per tonne gold, including 9 metres at 4.74 grams and one metre at just over 30 grams.
Bezant Resources plc (LON:BZT) shares skyrocketed on Wednesday as it struck a development deal for its near surface platinum and gold assets in Colombia, which could see initial recovery of the two metals in 2017.
Experienced Colombian contractor Exumax has been engaged for a planned 24-month exploration and development programme in the Choco region.
Some operational adjustments have been required at the RHA tungsten project in Zimbabwe, owned by Premier African Minerals Limited (LON:PREM). Of that chief executive George Roach makes no bones when he talks of a “protracted optimisation period.”
But the issues arising from the requirement that sorting screen sizes be adjusted upwards will be resolved imminently.
One of the satellite deposits surrounding its New Luika mine in Tanzania has seen a substantial increase in gold resources, miner Shanta Gold Limited (LON:SHG) reported.
Underground exploration has increased indicated resources at the Ilunga deposit by 409% to 205,000 oz, while the total overall rises 336% to 258,000 oz.
Richland Resources Limited (LON:RLD) generated sales of US$640,000 in the first half of the year to June 30 from sapphire mining in Queensland.
The company’s Capricorn mine is still ramping up production but is expected to produce at a rate of 800,000 carats from the current quarter onwards, with a short-term spike to over 1.2 mln carats per quarter during 2017.
Landore Resources Ltd (LON:LND) continues to be excited by the findings at its Bam East gold prospect at the Junior Lake project in Ontario, where wide zones of gold, including high grades, have been uncovered.
The summer drill programme is now complete and the firm said mineralisation, close to surface, has the potential to be developed as a low cost, bulk tonnage, open pit operation.
Nickel mine developer Amur Minerals Corporation (LON:AMC) has signed an outline deal that could see it working closely with IG Copper (IGC).
Specifically, the pair is looking at “synergies” in processing the companies' respective sulphide concentrates.
In mining, the old phrase has it that grade is king. Berkeley Energia Limited (LON:BKY) is certainly living and dying by that maxim as it continues to move the Salamanca uranium project in Spain closer to a development decision, following on from a definitive feasibility study that was completed in July.
In a show of faith, one of Miton Group PLC’s (LON:MGR) funds has ploughed more money into Brazil-focused potash explorer Harvest Minerals PLC (LON:HMI).
The Miton UK MicroCap Trust fund has acquired another 3.3mln of Harvest shares, taking its total stake in the firm up to 10.37%.
Things are hotting up at Botswana Diamonds plc's (LON:BOD) joint venture with Russian state diamond giant Alrosa, with an intensive 12 week week exploration programme about to kick off.
Botswana chairman and mining veteran John Teeling said the firm was funded for the work starting at the end of this month.
Wishbone Gold PLC (LON:WSBN), which moved into precious metal trading through its purchase of Precious Metals International (PMI) in February, said it had now signed supply agreements with companies in Peru, Ghana, Chile and Colombia.
It came as the firm posted results for the six months to end June.
Metals Exploration Plc (LON:MTL) has raised an additional US$6.4mln from shareholders and expects to conclude its debt restructuring negotiations later this month.
The Philippines-based miner has been hampered by delays in getting its Runruno mine up to full speed, but gold is now being poured on a weekly basis and a first shipment is planned for this month.
Strategic Minerals PLC (LON:SML) has pumped in £101,700 by exercising part of the option deal with Redmoor as part of the bid to take a stake in a tin/tungsten project in Cornwall, UK.
As reported in May, Strategic initially acquired just under 31mln new Redmoor shares at £3.39 a share, giving it roughly a 9% stake and had the option to increase that stake to 50%.
Fox Marble Holdings PLC’s (LON:FOX) has unveiled a significant new order which will see its Kosovan stone used in new luxury apartments in London’s Earls Court.
Pisanis Plc, Fox’s distribution partner, has secured the order for the Bianco Illirico stone for the Lillie Square development which comprising a total of 7,500 homes is one of the largest new developments in the country.
Metminco Limited (LON:MNC) will concentrate on an underground gold mine at Miraflores in Colombia after a scoping study lowered the projected operating and upfront costs.
Miraflores has an estimated resource of 832,000oz gold and 817,000oz silver and the study envisages production of 50,000 ounces per year gold equivalent over the mine’s life.
Metal Tiger PLC (LON:MTR) shares clawed higher Wednesday as it reported on latest assays from resource drilling at the T3 target in Botswana.
The firm is joint ventured in the Kalahari Copper Belt project with partner MOD Resources (ASX:MOD), which holds a 70% stake, while Metal has 30%.
Galileo Resources PLC (LON:GLR) will hunt for near-surface copper at the Homeep target at its Concordia project, starting next month, after modelling suggested high grades at the prospect.
The top three targets for open pit potential at the South Africa project have been ranked as Homeep, KoeelKop and Henderson.
Galantas Gold Corporation’s (LON:GAL CVE:GAL) recent drilling at its Cavanacaw mine in Northern Ireland has unearthed a gold vein stringer to the south of the existing pit.
Surface samples for the stringer, lines of thin mineralisation embedded in rock, in the western part of the Kearney vein system returned very high grades of gold and silver.
Greatland Gold plc (LON:GGP) is now on site at its Ernest Giles gold project in Western Australia preparing drill locations and expects drilling to begin within four weeks.
The work programme has been approved, and as previously reported, includes 6,000 meters of wide-spaced RC (reverse circulation) drilling targeting gold, arsenic and antimony anomalies identified by soil sampling and previous drilling.
Reconnaissance rock chip sampling at Savannah Resources Plc’s (LON:SAV) lithium projects in Finland has returned “promising” anomalous results.
Seventy rock chip samples have been collected so far from the Somero and Erajavi projects, with three assay results returned from the lab.
Metminco Ltd (LON:MNC) executive director Stephen Tainton has stepped down from the board to concentrate on the Los Calatos project.
Tainton has been in charge of the copper development in Peru since 2013 and following its farm-out to natural resources fund CD Capital that will remain his focus.
Turkey-focused gold miner Ariana Resources (LON:AAU) is worth at least 50% more than its current market value, according to analyst Kieron Hodgson at Panmure Gordon.
Ariana is set to complete the final stage of what has been a long hard journey from an exploration company to production, he says.
African Potash Ltd (LON:AFPO), the AIM-quoted fertiliser trading business, saw strong trading of its shares Tuesday.
The stock was the third most actively traded in London, with 153.37mln bits of paper changing hands in what was a busy session. The share price also rose on the day by over 10%.
Rare Earth Minerals plc (LON: REM; OTC: REMMY) described as "hugely positive" latest results from the Cinovec lithium-tin deposit in the Czech republic, which is being worked by European Metals Holdings Ltd (LON:EMH, ASX:EMH).
REM owns a 16.4% stake in EMH and the results are from drillhole CIW-11.
Mining junior Ironridge Resources (LON:IRR) has joined the rush into lithium with the acquisition of a deposit in Ghana.
Surveys dating back 50 years indicate a potential deposit of 1.48Mt at 1.66% Li2O (lithium).
Sierra Rutile’s (LON:SRX) proposed merger with Aussie firm Iluka is to be probed by the German takeover authorities.
The German antitrust authority has initiated Phase II proceedings, which will take up to three months to conclude.
Metminco Limited (LON:MNC) executive director Stephen Tainton has stepped down from the board to concentrate on the Los Calatos project.
Tainton has been in charge of the copper development in Peru since 2013 and following its farm-out to natural resources fund CD Capital that wil remain his focus.
ECR Minerals PLC (LON:ECR) has brought in £500,000 via an oversubscribed subscription to use for working capital, it said.
The firm will also use the money for ongoing activity in Australia, where it owns the Avoca and Bailieston gold projects, and to look at new opportunities, it said.
Vast Resources PLC (LON:VAST) has announced the signing of a long-term off-take deal covering all concentrates from the Manaila mine in Romania.
The deal has been struck with Transamine Trading SA, a Swiss-based commodity trader.
Aureus Mining Inc (LON:AUE, TSE:AUE) will become the owner and operator of its New Liberty gold mine in Liberia - a strategic move which will reduce ongoing costs, the miner said.
The mining services contract was previously held by Africa- focused firm MonuRent but this has now been transferred to Atmaca Services (ASLI) - a Liberian company wholly owned by MNG Gold Jersey Ltd- Aureus's 55% shareholder.
Finnaust Mining PLC (LON:FAM) has acquired some new ground in Greenland.
Two of the projects involved, formerly owned by a subsidiary of Cairn Energy, have been the subject of more than US$50 mln of technical work by former owners in the past.
Between them these show potential for nickel, copper, platinum, zinc, lead and silver.
Atalaya Mining PLC (LON:ATYM) has organised a US$14 mln facility to help it complete its expansion at the Rio Tinto mine.
The facility is with Transamine Trading SA and will last from the beginning of January 2017 until the end of 2018.
KEFI Minerals plc (LON:KEFI) continues to have “encouraging dialogue with a number of potential lenders”, the company has reported in an operational update.
KEFI said that plans to develop the Tulu Kapi gold project in Ethiopia remain on track and that there had been “no slippage” in the current development cost estimate of US$130 mln.