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Proactive Mining Highlights: Salt Lake Potash, Capital Drilling, Erris Resources...

A look back at some of the top news from London's small-cap miners

Salt Lake Potash Ltd -

Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (FRA:W1D) (OTCMKTS:WHELF) announced an “outstanding” bankable feasibility study (BFS) for the commercial-scale development of the 245,000 tonnes per annum Lake Way sulphate of potash project in Western Australia.

Capital Drilling PLC (LON:CAPD) won a five-year contract with Allied Gold Corp to provide a full range of mining services at the Bonikro Gold Mine in The Ivory Coast. 

Erris Resources PLC (LON:ERIS) received four new exploration permits for gold prospects in Norway.

Bezant Resources PLC (LON:BZT) entered into a conditional transaction agreement to sell an 80% interest in the Mankayan copper project in the Philippines to Mining and Minerals Industries Holding Ltd.

Strategic Minerals PLC (LON:SML) made its first payment for a 50% stake in the Redmoor Tin-Tungsten project in Cornwall ahead of schedule.

Rainbow Rare Earths Ltd (LON:RBW) said it is targeting production of 10,000 tonnes per annum of rare earth concentrate at its Gakara mine in Burundi.

It would be a ten-fold boost from the 850 tonnes produced in the year to 30 June, which was a 44% increase year-on-year.

The board Chaarat Gold Holdings Ltd (LON:CGH) exercised its right of waiver in regard to a potential mandatory offer for the company under its own articles of associations.

Metal Tiger Plc (LON:MTR) confirmed it is to receive 6.3mln new shares in Sandfire Resources (ASX:SFR), after the approval of the takeover of MOD Resources Ltd.

Tharisa PLC (LON:THS) upped production in its latest quarter as benefits from a restructuring of its Platinum and chrome mine in South Africa started to come through.

A new independent review raised the estimate of the amount of tungsten and molybdenum at Thor Mining PLC’s (LON:THR) Molyhil deposit in Australia.

Pure Gold Mining Inc (CVE:PGM) (LON:PUR) (OTCMKTS:LRTNF) put out more good news from its Madsen Mine project in Red Lake, Ontario where it believes it has identified a brand new expansive gold target and increased the current drill program to 20,000 metres (m). 

Ncondezi Energy Ltd (LON:NCCL) appointed Hanno Pengilly as its new chief executive as it moves its Mozambique power generation project to the next stage.

Vast Resources PLC (LON:VAST) said it expects to sign its joint venture agreement next week with Zimbabwe’s government-owned diamond company, news that boosted its share price by 20% on Friday.

Kibo Energy PLC (LON:KIBO) is to raise a minimum of £1.5mln through a placing at 0.45 pence per share to fund its work on power projects in southern Africa and the UK.

Katoro Gold PLC (LON:KAT) planned a drilling programme for the nickel sulphide reserves identified in the Haneti project, located in Tanzania.

Caledonia Mining Corporation Plc (LON:CMCL) commissioned a new oxygen plant at the Blanket Mine in Zimbabwe.

Quick facts: Salt Lake Potash Ltd

Price: 39.25 GBX

AIM:SO4
Market: AIM
Market Cap: £100.77 m
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Investor Update: Salt Lake Potash unveils 'outstanding' BFS for its Lake Way...

Headlines from the Proactive UK newsroom. A Bankable Feasibility Study (BFS) has valued Salt Lake Potash’s (LON:SO4) Lake Way project at £259mln based on production of 245,000t per year. Oil rig contractor ADES (LON:ADES) has won its second deepwater drilling campaign in the Egyptian...

on 11/10/19

3 min read