European Metals Holdings Limited (LON:EMH) has confirmed it has received a purported indicative offer to "purchase the lithium mining and processing project at Cinovec" on behalf of the Ceske Litihium company, part of Krupa Global Investments (KGI).
In a statement, the AIM-listed firm said it received a letter from KGI on 15 January 2019 purporting to make the indicative offer for the project at Cinovec, which is in the Czech Republic. However, it did not contain any details with regards to price, terms or conditions.
The mineral resource firm said the contract exchanged granted access to the stockpile until 31 March 2020, with annual access to automatically rollover on 31 March each year thereafter unless written notice is provided at least one month prior.
Total gold production for the year to 31 December 2018 was approximately 54,512 ounces.
Gold production for 2019 is expected to be between 53,000 and 56,000 ounces.
The construction materials group said that in the year ended 31 December it was expecting to report revenues of £41.2mln, 52% higher than the previous year while operating profits (EBITDA) would be in-line with market expectations.
The company noted that it has so far drilled 22 of 33 planned holes at NTI, and, assays have been produced for 432 core samples and 72 channel samples.
Shefa Yamim (ATM) Ltd (LON:SEFA) has highlighted several key milestones achieved by the firm in the second half of 2018.
In a corporate update, the Israel-based precious stones exploration firm said a technical economic evaluation (TEE) had been completed for its Kishon Mid-Reach project with results to be announced in January.
The group also said final results from exploration activity at the site had shown total volumes of mineralised placer gravels for the three target exploration zones had increased from around 1.1mln tonnes to 5mln tonnes, with “good progress” being made on planning and regulatory procedures to advance the Kishon Mid Reach Zone 1 area in accordance with the prospecting license.
The company, in a statement, gave investors an update on the fourth quarter ahead of the release of full-year financial results on 14 March.
It reported fourth-quarter revenue at US$30.5mln, down 1% from US$31mln in the preceding three month period, but, up 12.5% compared to the same quarter a year ago.
ECR Minerals PLC (LON:ECR) chief executive Craig Brown highlighted that the explorer can now move forward confidently with ventures like the Windidda gold project, following the completion of financing in 2018.
The project comprises nine exploration licences spanning 1,600 square kilometres in the Yilgarn Craton, Australia, which is host to around 30% of the world’s known gold reserves, and, some 66% of all of the country’s gold production is located there.
Approval to increase the capacity of Oracle’s proposed coal-fired power station to 700Mw from 600Mw was also granted along with the use of supercritical technology.
Oracle added it is working with its Chinese partners to achieve financial close as soon as is feasible.
During the fourth quarter, NQ produced 3,991 dry metric tonnes (dmt) of lead, 1,537 dmt of zinc and 4,2291 dmt of pyrite – also known as fool’s gold – bringing in £3.2mln (A$5.7mln) during the period.
Anglo Asian Mining PLC (LON:AAZ) produced 83,736 gold equivalent ounces from its mines in Azerbaijan during the year to December 2018, at the upper range of guidance.
The figure represented a 17% year-on-year increase in total production. During the fourth quarter net cash increased by US$3.3mln to US$6.1mln, following the distribution of a US$0.03 per share maiden dividend that was paid in November.
Gold production for the fourth quarter was 7,517 ounces.
The licence was granted by SEMAS, the Brazilian Pará State Environmental Agency.