Bushveld Minerals PLC (LON:BMN) said it will push ahead with the expansion of its Vametco vanadium plant to take advantage of soaring demand for the steel additive.
Vanadium prices jumped 24% over the quarter to September to US$85.8/KgV (R1,222) and have risen by 137% over the past 12 months.
Meanwhile, Pan African Resources plc (LON:PAF) produced 37,729 ounces of gold during the first quarter of the 2019 financial year.
And chief executive Cobus Loots struck an optimistic tone when commenting on the likely performance for the rest of 2019.
“With Elikhulu now commissioned and running at design capacity, we are confident of achieving our production guidance of approximately 170,000oz for the 2019 financial year,” he said.
In other gold news, Lionsgold Ltd (LON:LION) reported “significant progress” at two of its key gold projects – Jonnagiri in India and Kuikka in Finland.
The company said Geomysore Services India Limited, its joint venture partner for Jonnagiri, has completed lease agreements and payments for about 1,300 acres of land, with another 150 acres set to conclude following lengthy negotiations with some 600 landowners.
Kibo Energy PLC (LON:KIBO) told investors that it had formally submitted an application for a full Mining Right at the Mabesekwa coal independent power project.
The company has an 85% stake in Mabesekwa and it has made a formal presentation to Botswana's Department of Mines.
Elsewhere, Rockfire Resources PLC (LON:ROCK) told investors that it had kicked-off reverse circulation drilling in the western portion of the Double Event Prospect in Queensland, Australia.
The drill programme is expected to run for around ten days, the company said.
Galantas Gold Corp (LON:GAL, CVE:GAL) has announced the results of the analysis of two-channel samples taken from the Kearney vein at its Omagh mine.
One channel sample returned a grade of 7.1 grams per tonne (g/t) gold, with 10.6 g/t silver over a true vein width of 1.8 metres.
The second channel sample returned a grade of 10.4 g/t gold and 22.4 g/t silver over a true vein width of 3.2 metres. The first channel sample did not include some mineralised material that was obstructed by the hanging wall margin.
The firm also said it had delivered its first consignment of concentrate derived from underground feedstock from the Omagh gold mine in Northern Ireland.
The concentrate will be shipped to Glencore's (LON:GLEN) New Brunswick smelter.
This first 25-tonne batch was produced from development ore on the Kearney vein.
Meanwhile, Savannah Resources PLC (LON:SAV) discovered three new lithium pegmatites in the Pinheiro deposit at its Mina do Barroso project in Portugal.
The mining firm said the three new pegmatites covered a “considerable” strike of over 250 metres and depths of over 100m.
AfriTin Mining Limited (LON:ATM) started drilling at the Uis in Namibia to firm up the resource ahead of the planned re-opening of the tin mine.
Anthony Viljoen, the AIM-listed firm's chief executive, said the historical database originally created for Uis is extensive with a high level of detail and will be used to speed up the validation drilling and exploration programme.
Elsewhere, European Metals Holdings Limited (LON:EMH) commenced a drilling campaign at its Cinovec Lithium-Tin project in the Czech Republic.
The AIM-listed miner said the first hole of the drilling programme, CIS-10, had been completed at 340 metres, with a total of eight holes to be drilled in the campaign for 2,560 metres.
Caledonia Mining Corporation PLC (LON:CMCL)said it is to move ahead with the acquisition of a further 15% of the Blanket gold mine in Zimbabwe from local investment group Femiro.
The terms of the deal were first set out in a memorandum of understanding in August.
In total the transaction is worth US$16.667mln and includes the cancellation of an US$11.67mln loan and the issue of just over 725,000 shares at a price of US$7.15, the prevailing price at the time the MoU was agreed.
Meanwhile, Goldplat plc (LON:GDP) shares surged in early afternoon trading Monday after partner Ashanti Gold Corp decided to exercise its earn-in option for 51% of the Anumso gold project in Ghana.
The miner said it was now conducting a review of Ashanti’s work on the licence as a formal part of the agreement, with both parties working on a development plan to advance the Anumso project.