Amur Minerals PLC (LON:AMC) now has more than one million tonnes of nickel classified at its Kun-Manie project in Far East Russia after the latest resource upgrade.
Robin Young, chief executive, said that based on this information it could produce 40,000 to 60,000 nickel tonnes a year, which would place it at number eight in the list of the world’s nickel producers.
The total resource at Kun-Manie is 101.3mln ore tonnes at a grade of 1.03%, which equates to 1.04mln tonnes with a value of US$10.5bn at current prices.
Elsewhere, European Metals Holdings Limited (LON:EMH) expects to upgrade the resource for its Cinovec lithium deposit in the Czech Republic this month after receiving the final assays from its latest drill programme.
As with previous results, the lithium content was higher and the width of mineralisation greater than expected.
Located between the western edge and historic central vein, Hole CIW-25 for example contained the company's longest intercept to date at 361.5m averaging 0.43% lithium dioxide. That included a high grade interval of 14.7m averaging 0.93% Li2O.
Michael McNeilly, Metal Tiger’s PLC (LON:MTR) chief executive, is to join the board of Greatland Gold PLC (LON:GGP) as a non-executive director.
The Aim-listed resources group is already a 5.4% shareholder in Aussie gold explorer Greatland.
Stick with Metal Tiger, the firm has also set out a timeline to the planned float of its Thai joint venture, with an IPO (initial public offering) earmarked for between May and July this year.
The group has an effective 78% interest in the Boh Yai and Son Toh mines in Kanchanaburi Province, both brownfield sites, which have become more attractive given the surge in lead and zinc prices.
Chief executive Gervaise Heddle said McNeilly had valuable experience managing complex corporate transactions and his appointment would strengthen the partnership between the two companies.
In other news, Faroe Petroleum plc (LON:FPM) has reiterated plans to drive production to 40-50,000 barrels of oil a day over the next five years after a transformational 12 months.
With cash and borrowings in excess of US$370mln, chief executive Graham Stewart said he and his team would continue to pursue “consolidation opportunities”.
Premier African Minerals Ltd (LON:PREM) has reminded investors that it has a 2% stake in potash producer Circum Minerals which owns the potentially huge Danakil project in Ethiopia.
Premier African’s chief executive George Roach has hinted that Circum is close to being granted a mining licence at the project, while a round of funding to help advance it could also be just around the corner.
Elsewhere, Atlantis Resources Ltd (LON:ARL) has become a partner in a new tidal project on the Lancashire coast.
It will work with Natural Energy Wire (NEW) to develop a 160-megawatt operation across the mouth of the river Wyre between Fleetwood and Knott's End.
The former chief financial officer of Zoopla (LON:ZPLA) and Betfair has joined the board of last mile broadband specialist Satellite Solutions Worldwide Group PLC (LON:SAT) as non-executive director.
Stephen Morana – who also sits on the board of fast fashion group Boohoo.com (LON:BOO) – will take up his new position with immediate effect.
And finally, radiation technology company Kromek Group PLC (LON:KMK) was inundated with requests to participate in the company's recently announced open offer of shares.
In all, 5.13mln shares were up for offer at a price of 20p a share, and Kromek could have shifted two-and-a-half times that amount.