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Proactive weekly mining news: Greatland Gold, BlueRock Diamonds, Rio Tinto ...

A snapshot of some of the main mining stories this week

Greatland Gold PLC -

Greatland Gold PLC (LON:GGP) said that further exploration work by Newcrest, its partner at the Havieron deposit at Paterson in Western Australia has indicated the potential for an underground bulk mining prospect.  Newcrest also confirmed it will publish a JORC-compliant resource for Havieron in the fourth quarter of 2020

BlueRock Diamonds PLC (LON:BRD) has recovered a 9.7 carat diamond with an initial independent valuation estimate of $75,000.  It is the second high-value stone recovered at Kareevlei in the current quarter.

Rio Tinto PLC (LON:RIO) chief executive Jean-Sébastien Jacques is to step down following the destruction of the historical aboriginal sites at Juukan Gorge in Pilbara, Australia. Rio was roundly condemned for its actions when it dynamited the sacred site to access iron ore lying underneath in spite of objections from the local aboriginal community.

Pembridge Resources PLC (LON:PERE) subsidiary, Minto Explorations, has secured a prepayment funding facility with its copper concentrate offtake partner, Sumitomo Canada Limited. The company said the pre-pay facility of up to US$12.5mln is additional to Minto’s existing offtake agreement.

Chaarat Gold Holdings Limited (LON:CGH) has said it is “on track” to deliver its full-year production guidance for its Kapan gold mine in Armenia, noting that the run of mine grades at the project have improved over the last two months. Kapan is expected to deliver 55,000 gold equivalent ounces in the year, 

Arkle Resources PLC (LON:ARK) said drilling has started at its Stonepark zinc project in Ireland. The AIM-listed company owns a 24.44% stake in the project with Canada-listed Group Eleven the operator and majority holder.  Separately Arkle said soil sampling at the Mine River gold project in the Republic of Ireland had detected five strong gold indicator anomalies.

Savannah Resources PLC (LON:SAV) raised £2.34mln in what it said was a "significantly oversubscribed" placing of shares at 1.8p each. The proceeds will be used for its Mina do Barroso lithium project in Portugal

Thor Mining PLC (LON:THR) has completed its acquisition of 100% of American Vanadium (AVU) and its subsidiaries. AVU holds interests in uranium and vanadium focussed projects in Colorado and Utah in the US.

Alien Metals Ltd (LON:UFO) has entered into an exclusivity agreement with Capstone Mining Corp (TSE:CS) in respect of the potential farm out of an interest in its Donovan 2 copper-gold project in Mexico. The exclusivity provides for a 45-day period for Capstone to undertake due diligence.

AfriTin Mining Ltd (LON:ATM) extended production at its Uis tin mine in Namibia in August despite shutdowns to implement improvements at the site. The company said it has completed modifications to address the bottlenecks in the fines dewatering circuit of the project’s processing plant. 

Kodal Minerals PLC (LON:KOD) said all shares issued under the equity sharing agreement with Riverfort Global and YA II have now been sold. As a result Kodal has received total cash proceeds of £654,000.

Panther Metals PLC (LON:PALM) told investors it has sourced key existing data covering its Annaburroo gold project, in Australia’s Northern Territory. Contractor Core Geophysics has been engaged to review and interpret the data.

Vast Resources PLC (LON:VAST) has released a detailed cashflow forecast and production schedule now that confirmatory drilling has been completed at the Baita Plai project in Romania. By the second quarter of 2021, the company plans to be producing over 2,000 tonnes of concentrate per quarter.

IronRidge Resources Limited (LON:IRR) has kicked off its ‘Third Phase’ drill programme at the Zaranou gold project in Côte d'Ivoire. The group said the programme will comprise some 50,000 metres of drilling.

Power Metal Resources PLC (LON:POW) told investors it has completed a ‘due diligence’ exploration programme at the Silver Peak project in British Columbia. A total of 11 channel samples were taken and have been submitted for testing.

Galantas Gold Corporation (LON:GAL) (CVE:GAL) has  appointedt of Alan Buckley as its chief financial officer (CFO).

Kavango Resources PLC (LON:KAV) has published initial images of three-dimensional geological modelling developed from data obtained from the Kalahari Suture Zone (KSZ) project in south-western Botswana. The images confirm significant similarities between the northern Hukuntsi section of the KSZ and the giant Norilsk mining centre in Siberia.

Red Rock Resources PLC (LON:RRR) highlighted an update from its investee, Jupiter Mines Ltd (ASX:JMS), on its planned iron ore spin off and a dividend. Jupiter said in a statement that it has approved progressing the execution of an initial public offering (IPO) of its Central Yilgarn Iron Ore (CYIP) assets in Western Australia.

Bushveld Minerals Limited’s (LON:BMN) vanadium venture with Invinity is advancing, via the creation of a new vehicle, Vanadium Electrolyte Rental Limited (VERL), which has already entered into its first deal.

Bacanora Lithium Ltd’s (LON:BCN) pilot plant has completed the bulk sampling required for the Sonora plant and engineering designs. The samples have been sent to the company’s partners for the optimisation of final designs.

Strategic Minerals PLC (LON:SML) has now formally lodged its Program for Environment Protection and Rehabilitation (PEPR) for the planned operations at the Leigh Creek mine, 500 kilometres north of Adelaide.

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