Proactive weekly mining highlights: Metal Tiger, BlueRock Diamonds, Strategic Minerals, Emmerson...

There was a healthy stream of news from small cap mining companies this week

Bluerock Diamonds Plc - Proactive weekly mining highlights: Metal Tiger, BlueRock Diamonds, Strategic Minerals, Emmerson...

BlueRock Diamonds Plc (LON:BRD) said operations have restarted in South Africa with no cases of coronavirus at the Kareevlei mine and production averaging almost 2,000 tons per day since May 11, up 65% on the record average daily rate in the fourth quarter of 2019.

Amur Minerals Corporation (LON:AMC) has revealed that individual copper and nickel sulphide concentrates can be generated from ore at its Kun-Manie project in Russia.

Power Metal Resources PLC (LON:POW) and Red Rock Resources PLC (LON:RRR) have launched efforts to expand the footprint for their gold exploration venture in Australia.

Thor Mining PLC (LON:THR) (ASX:THR) said it has started field activities associated with the due diligence assessment for the proposed acquisition of American Vanadium.

IronRidge Resources Ltd (LON:IRR) has confirmed and enhanced multiple large-scale gold soil anomalies at the Zaranou gold project in Côte d'Ivoire, following a programme of infill soil sampling. 

Emmerson PLC (LON:EML) has completed a feasibility study which confirms its Khemisset project, in northern Morocco, as a low capex, high margin potash mine with outstanding economic metrics.

Pure Gold Mining Inc (CVE:PGM) (LON:PUR) launched a large exploration program at its Red Lake gold mine development project in a bid to grow resources and make new high-grade discoveries.

Kavango Resources PLC (LON:KAV) said it has been granted two prospecting licences in the Botswana section of the Kalahari copper belt.

Savannah Resources PLC (LON:SAV) told investors it has submitted the environmental impact assessment and associated mine plan documents for the proposed Mina do Barroso lithium mining project in Portugal.

Trident Resources PLC (LON:TRR) has listed on AIM as it embarks on a strategy of building a growth-focused mining royalty and streaming company. Metal Tiger PLC (LON:MTR) took an initial £570,000 stake.

Metal Tiger also conditionally subscribed for 50mln shares of 0.01p each in Thor Mining PLC for a total of A$250,000.

Thor Mining PLC (LON:THR)(ASX:THR) has entered into an exclusive option to acquire 100% of the shares in a private Australian company with interests in uranium and vanadium focussed projects in Colorado and Utah in the United States of America. It is raising A$970,000 to facilitate the deal, including a significant sum from Metal Tiger.

Strategic Minerals PLC (LON:SML) has been awarded US$21.9mln in damages and costs, exclusive of additional interest.

Strategic said later in the week that it has raised £1.1mln through a placing and subscription of around 244.4mln new shares to help pay the remaining balance for the acquisition of New Age Exploration’s interest in the Redmoor Tin/Tungsten project.

Danakali Ltd (ASX:DNK) (LON:DNK) and Africa Finance Corporation have agreed to extend the deadline for completion of its deferred US$28.5mln Tranche 2 equity funding.

Galileo Resources PLC (LON:GLR) has raised £900,000 in a share placing, selling 112.5mln shares priced at 0.8p each.

W Resources PLC (LON:WRES) generated €365,000 in operating revenue in the year to December 31, 2019, up from €219,000 the previous year.

Mkango Resources Ltd (LON:MKA)(CVE:MKA) has donated a new state of the art Mindray WATO EX-20 anaesthetic machine to the Mercy James Centre at the Queen Elizabeth Central Hospital in Blantyre, Malawi.


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