Anglo Pacific Group PLC (LON:APF, TSX:APY) has kicked off a £5mln share buy-back programme. The natural resources royalty and streaming company said it sees the current share price as offering significant value, given the implied discount to underlying net asset value and other valuation metrics.
Trident Royalties PLC (LON:TRR) is acquiring an existing 1.5% net smelter royalty on the Lake Rebecca gold project in Western Australia, an asset that’s currently being worked up by Apollo Consolidated (ASX:AOP), and which already boasts a resource of a million ounces.
Anglo Asian Mining PLC (LON:AAZ) is increasing its interim dividend and also mulling a special dividend as strong gold prices helped drive up first-half revenue and profit at its gold mining operations in Azerbaijan. Financial results for the six months ended June 30, 2020, revealed total revenue of US$45.9mln, up 6% year-on-year and pre-tax profits of US$11.8mln, up from US$10.3mln,
Red Rock Resources PLC (LON:RRR) said its Australian gold mining joint venture, Red Rock Australasia has appointed David Holden as exploration manager. Holden was involved in the initial discoveries at Nimary/Jundee, Brocks Creek, Mt Todd (Australia), Ngaka Coal Field (Tanzania), and Big Sandy lithium (USA), said Red Rock.
Arkle Resources PLC (LON:ARK) has revealed positive results from soil sampling at the Inishowen gold project in County Donegal, Ireland. Sampling took place at 20 metre intervals on 100 metre spaced lines, and a total of 356 samples weighing around 120 grams were taken.
ECR Minerals PLC (LON:ECR) said its wholly-owned Australian subsidiary Mercator Gold Australia has applied for two new exploration licences in eastern Victoria, Australia. The licences, which are contiguous, will comprise the Tambo gold project.
Base Resources Limited (LON:BSE) (ASX:BSE) said it has appointed Janine Herzig as an independent non-executive director, effective from October 12, 2020. Herzig replaces Sam Willis who will retire at the company's AGM on November 20, 2020, after thirteen years service, the mineral sands miner added.
European Metals Holdings Ltd (LON:EMH) said it has hired SMS Group Process Technologies GmbH as lead engineer at the Cinovec project in Czech Republic. SMS will be working on the minerals processing and lithium battery-grade chemicals production, to provide a complete Front-End Engineering Design (FEED) study for Cinovec.
Panther Metals PLC (LON:PALM) told investors it is confident that the current phase of exploration at the Big Bear gold project, in Ontario, will result in a pipeline of potential new discoveries. The company noted that ground-truthing and sampling follow-up are progressing for 39 ‘priority’ geophysical targets.
Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (OTCMKTS:WHELF) is going “gangbusters” with the development of its Lake Way SOP Project in Western Australia, according to chief executive officer Tony Swiericzuk
Vast Resources PLC (LON:VAST) has revealed that Mark Mabhudhu, executive director of the company’s diamond division, has received an offer to join the government-owned Zimbabwe Consolidated Diamond Company as chief executive officer.
Ncondezi Energy Ltd (LON:NCCL) has noted General Electric Company's announcement that it intends to exit the new-build coal power market. Ncondezi said it is in communication with General Electric and confirmed that it has not received any formal notification regarding plans for the Ncondezi 300MW coal-fired power project in Tanzania, for which General Electric is the technology partner, following the US firm's announcement.
Shanta Gold Ltd (LON:SHG) is to expand processing capacity at the New Luika gold mine in Tanzania, with the integration of a new pilot plant started, and commissioning scheduled for January 2021. The group said milled throughput nameplate capacity will increase by 14%. The cost has been pegged at US$1.2mln, and will easily be funded by existing cashflow from production, it added.
Alien Metals Ltd (LON:UFO) has begun follow-up detailed geological mapping and sampling at the Hamersley iron ore projects in Australia. The programme is designed to validate recently announced exploration targets across both projects and will consist of four-to-five kilometres of grid-based sampling across priority prospects, and detailed mapping over exposed iron ore formations.
Oriole Resources PLC (LON:ORR) has delivered a profit of £170,000 during the six months to end June 2020. The company was able to reduce administrative expenses to £420,000, particularly by reducing its outlay on consultancy fees in Turkey, where it has legacy operations. The company had £500,000 cash as at the end of August.