Chaarat Gold Holdings Limited (LON:CGH) signed a joint venture with Turkish mining contractor Çiftay İnsaat Tahhüt ve Ticaret to collaborate on the Tulkubash and Kyzyltash projects in the Kyrgyz Republic.
The company also received US$9.5mln in cash as part of a loan upsizing.
Exploration and evaluation expenses were lower at US$2.53mln compared to US$3.7mln in the first half of 2018, while employees benefits dipped to US$1.1mln from US$1.2mln.
The loss before tax narrowed to US$4.2mln from US$6.2mln the year before.
The company said drilling had intersected further high-grade shallow copper intersections. One hole uncovered 1.27% of copper over a length of 32.5m from 23.5m of drilling while another found 0.95% of copper over a length of 17m from 22m of drilling.
The project is described as “one of the most significant undeveloped heavy mineral sands deposits in the world” and the new concessions span some 280 square kilometres.
Bluebird Merchant Ventures Ltd (LON:BMV) was granted the permit to develop the Gubong gold mine in South Korea. It is the first permit to be issued for a gold development project in the country since Ivanhoe Mines in the 1990s.
Pure Gold Mining Inc (TSX.V:PGM) (LSE:PUR) (OTCMKTS:LRTNF) moved closer to realising cashflow from its Madsen Red Lake gold mine in Ontario and has begun construction.
The Vancouver-based firm revealed it had been awarded the surface engineering and procurement (E/P) contract to JDS Energy & Mining (JDS), in partnership with Hatch Ltd (Hatch) and Knight Piesold Ltd (Knight Piesold).
Red Rock owns an 0.86% stake in Aussie-listed Jupiter Mines, which in turn has a 49.9% holding in Tshipi é Ntle Manganese Mining, operator of the South African mine.
Tshipi é Ntle has announced plans to pay a A$59mln dividend to shareholders, of which Jupiter will be due 49.9% plus roughly A$3mln from marketing operations.
Mkango Resources Ltd (LON:MKA, TSX-V:MKA) appointed experienced Africa hand Senet as the lead engineer and project manager for its Songwe rare earths project in Malawi.
Bluejay Mining PLC (LON:JAY) confirmed the shipping of an ilmenite bulk sample from its Dundas project in Greenland.