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Proactive weekly mining highlights: Rainbow Rare Earths, Thor Mining, Rockfire Resources ...

A look at the week's main events in the small-cap mining sector

Mine

Rainbow Rare Earths Limited (LON:RBW) this week said drilling at the Kiyenzi area of its Gakara project in Burundi unveiled “greater widths of mineralisation” than initially expected.

Thor Mining PLC (LON:THR)(ASX:THR) said it received data that suggests gold mineralisation at Kapunda in Australia might be greater than originally thought.

Rockfire Resources PLC (LON:ROCK) announced hit high-grade gold during drilling at its Plateau gold deposit in Queensland, Australia.

W Resources PLC (LON:WRES) raised US$5mln to provide extra working capital as its La Parrilla tungsten and tin mine in Spain is now fully up and running on a 24-hour basis.

Europa Metals Ltd (LON:EUZ) revealed “very encouraging” grades of lead, zinc and silver from first metallurgical tests at its Toral project in north-west Spain.

Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) signed an agreement with leading fertiliser company HELM AG for the sale of premium Sulphate of Potash from the Lake Way Project.

Greatland Gold PLC (LON:GGP) hailed shallow gold mineralisation, as well as zinc and silver, at its wholly owned Firetower project in Tasmania, Australia.

Eurasia Mining PLC (LON:EUA) announced that the Russian ministry of defence has approved its application for the Monchetundra flanks project.

Shefa Gems Ltd (LON:SEFA) said that the son of the company’s late chief executive, Avi Taub, has joined its board of directors.

Alien Metals Ltd (LON:UFO) completed an initial review of data supplied by Karratha Metals Group in relation to the acquisition of the Elizabeth Hill silver project in Western Australia.

Bluebird Merchant Ventures Ltd (LON:BMV) received a permit to develop the Kochang mine in South Korea.

Horizonte Minerals PLC (LON:HZM) (TSX:HZM) announced an update on its Corporate Social Responsibility (CSR) program in the communities surrounding its Araguaia Nickel Project, south of the Carajás Mining District in the Pará State, north-east Brazil. The nickel development company focused in Brazil, which has supported local communities since its initial discovery of the project, said it is running several new social impact projects, tackling issues specific to the region, in partnership with local community organisations.

Ariana Resources PLC (LON:AAU) revealed its latest drilling results from resource drilling at the producing Kiziltepe mine in Turkey. Among the highlights of drilling testing for deeper extensions at Arzu South were 16 metres at 2.04 grams per tonne gold and 67 grams silver, and three metres at 6.25 grams and 129 grams silver.

NQ Minerals PLC (LON:NQMI) raised £300,000 from a UK institutional investor, which the miner said will allow it to launch an exploration programme to add higher-grade resources to its Hellyer mine in Tasmania.

Anglo Pacific Group PLC’s (LON:APF) company secretary Kevin Flynn is set to become an executive director on 1 January 2020, a move that “formalises the role that he has been undertaking for the past number of years”.

Pure Gold Mining Inc (CVE:PGM) (LON:PUR) posted more good exploration results from its flagship Madsen mine project in Red Lake, Ontario, saying its latest drill hole had confirmed a gold system between the Russet South and 8 zone.

Shanta Gold Limited (LON:SHG), the East Africa-focused gold producer, developer and explorer, announced that its New Luika Gold Mine (NLGM) in South West Tanzania has successfully connected to the state power grid supplied by TANESCO. It also revealed results from its latest round of exploration drilling, with 11 metres grading 8.55 grams per tonne gold, 10 metres grading 10.93 grams gold, and six metres grading 11.41 grams among the highlights.

Wishbone Gold PLC (LON:WSBN) reported higher profits for its current full year.

Mineral and Financial Investments Limited (LON:MAFL) saw a sharp uplift in its net asset value (NAV) in the year to 30 September 2019.

Kavango Resources PLC (LON:KAV) said it has completed the first phase of drilling on the Kalahari Suture Zone project in Botswana.

Vast Resources PLC (LON:VAST) announced the cold commissioning of Baita Plai polymetallic mine in Romania.

Sunrise Resources PLC (LON:SRES) said it has leased water rights to be used in the development of its CS Pozzolan-Perlite Project in Nevada.

Metal Tiger PLC (LON:MTR) said 7.6%-owned portfolio company Pan Asia Metals Limited (PAM) is preparing to float on the Australian Securities Exchange next year. Metal Tiger also announced a share buy-back programme and said it has entered into a financing arrangement with a global investment bank.

Premier African Minerals Limited’s (LON:PREM) said its RHA tungsten mine in Zimbabwe will be fully connected up to an electricity supply early in 2020 after delivery of equipment by ZESA, the state power company.

Vast Resources PLC (LON:VAST) said it intends to unlock the first tranche of cash from a recent US$13.5mln bond financing deal before the end of the month.

Scotgold Resources Ltd (LON:SGZ) has extended the construction period at the Cononish gold mine in Scotland by 12 weeks.

Galantas Gold Corporation (LON:GAL) said it has arranged a £1mln convertible debenture with its largest shareholder.

Bushveld Minerals Limited (LON:BMN) said it has advanced the acquisition of Austrian group Enerox as part of a consortium.

Resolute Mining Limted (ASX:RSG) (LON:RSG) said it has successfully recommissioned the sulphide circuit following successful repairs at its Syama Gold Mine in Mali.

Danakali Ltd (ASX:DNK) (LON:DNK) announced the beginning the Engineering, Procurement and Construction Management (EPCM) process at the Colluli Sulphate of Potash Project in Eritrea.

And Regency Mines PLC (LON:RGM) reported a full-year loss of £2.7mln after its legacy interests in coal and electric car rentals were written-off in the period.

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