Ariana Resources PLC (LON:AAU) this week reported what it says is a “significant” increase in the mineral resource estimate for its Kiziltepe mine in Turkey. The AIM-listed explorer said the updated estimate increased the resource at the site by 25% to around 321,000 ounces of gold and 5mln ounces of silver. The increase also represents a 72% uplift over the feasibility study resource on an undepleted gold only basis.
Kavango Resources PLC (LON:KAV) shares jumped higher on Thursday as the explorer highlighted progress at key projects in recent months. In an update, the group said its flagship Botswana exploration assets continue to advance and it noted that there has so far been minimal disruption as a result of the coronavirus (COVID-19) pandemic, as it had already focused work on desktop-based analysis and modelling.
Berkeley Energia PLC (LON:BKY) highlighted the strengthening of uranium prices amidst the coronavirus (COVID-19) pandemic turmoil. In a quarterly update, the Spanish mine developer noted that the uranium price is up by around 30% in the year to date as firms such as Kazatomprom and Cameco have flagged supply disruption.
NQ Minerals PLC (AQUIS:NQMI, OTCQB:NQMLF) unveiled a significant expansion of resources at the Barnes Hill nickel project, as lower grade material is folded into estimates. The new resource now stands at 25mln tonnes, at 0.6% nickel and 0.05% cobalt, up from 14mln tonnes.
Arkle Resources PLC (LON:ARK) told investors that it plans to drill at the Stonepark zinc project, in county Limerick, Ireland. The drill programme is slated to start in August, subject to coronavirus (COVID-19) restrictions.
Highland Gold Mining Limited (LON:HGM) told investors it produced 63,482 ounces of gold, in line with guidance, for the three months ended March 31, 2020.
Pembridge Resources PLC (LON:PERE) hailed “encouraging” results from operations at its Minto mine in the first quarter of 2020.
Power Metal Resources PLC (LON:POW) said the ground position at the Alamo gold project has been significantly expanded, following a staking campaign undertaken by its local partner in the USA.
ECR Minerals PLC (LON:ECR) sold a number of non-core exploration licences in a cash deal worth up to A$2.5mln.
Bluebird Merchant Ventures Ltd (LON:BMV) said it is reviewing the economic model for production scenarios at its Gubong and Kochang in South Korea.
Shanta Gold Ltd (LON:SHG) said it produced 20,167 ounces of gold from its Tanzanian operations during the first quarter of 2020, up from the 19,550 ounces produced in the fourth quarter of 2019.
Bacanora Lithium PLC (LON:BCN), a lithium exploration and development company, announced the appointment of Graeme Purdy, chief executive officer of Ilika PLC (LON:IKA) as an independent non-executive director of the company with immediate effect.
In a flick of a switch within the normal timelines of the resource sector Kincora Copper Ltd (CVE:KCC) revealed it has built a strategic position in Australia’s foremost porphyry belt, the Lachlan Fold Belt in Central West New South Wales, to complement its strategic position in Mongolia’s Southern Gobi.
Power Metal Resources PLC (LON:POW) said that four drill targets have been selected for drilling at the Molopo Farms Complex project, which it owns jointly with Kalahari Key Minerals.
Gem Diamonds Ltd (LON:GEMD) revealed it was allowed to reopen its Letšeng mine in Lesotho on Monday, despite the African country is in lockdown until 5 May.
Metal Tiger PLC (LON:MTR) relayed further news from ASX-listed Cobre Limited about a geophysical survey for its Perrinvale project.
Landore Resources Ltd (LON:LND) said it has raised gross proceeds of £260,000 in an equity issue to support the funding of exploration activities and working capital.
European Metals Holdings Ltd (LON:EMH) announced that the CEZ investment in the Cinovec project has been approved by shareholders at an extraordinary general meeting held on Thursday.
Anglo American PLC (LON:AAL) said it was keeping operations going as planned at Sirius Minerals’ Woodsmith polyhalite project after completing the takeover of the UK mine developer last month.