Jubilee Metals Group PLC (AIM:JLP, JSE:JBL, OTC:JUBPF) said it produced an "exceptional performance" in its latest financial year as underlying earnings jumped 324%. The tailings processing specialist increased revenues 143% in the year to end June 2021, with underlying profits rising to £52mln from £12.3mln
Tharisa PLC (LSE:THS, JSE:THA) the South Africa-based chrome and platinum miner, posted a strong financial recovery in the year to end September 2021 as the chrome and platinum markets rallied. Platinum production rose 11% to 157,800oz, with chrome concentrate output up 12.7% to 1.51Mt.
Ariana Resources PLC (AIM:AAU) announced a 240% jump in estimated resources for the Kokkinoyia Sector of the Magellan copper-gold project in Cyprus. The total indicated and inferred resource estimate was increased to about 12.3 million tonnes at a grade of 0.31 to 2.25% copper and 0.27 to 0.57 grammes a tonne gold across multiple zones of mineralisation.
Hummingbird Resources PLC said it has suspended operations at its Yanfolila mine in Mali on safety concerns due to unrest and illegal roadblocks in the region, causing shares in the AIM-traded gold producer to drop as much as 20%.
Shanta Gold Ltd said further high-grade results from drilling at the Isulu and Bushiangala deposits of its West Kenya project make it the most consistently high-grade drilling programme ever conducted in the company's history.
Atlantic Lithium Ltd announced a 47% increase in estimated resources for its flagship Ewoyaa project in Ghana, West Africa. The JORC-compliant mineral resource estimate for the Ewoyaa deposit was lifted to 21.3 million tonnes (Mt) at 1.31% lithium oxide (Li2O) in the indicated and inferred categories.
Alien Metals Ltd (AIM:UFO, OTC:ASLRF) has formed a dedicated new company to help accelerate the development of its Hancock and Brockman iron ore projects in the Pilbara region of Western Australia. The new wholly-owned subsidiary - Iron Ore Company of Australia (IOCA) - has already started to build a Perth-based management team.
Trident Royalties PLC (AIM:TRR) said it has been told that commissioning and pre-production activities at the Lincoln Gold Mine, over which it agreed a royalty deal in August, are proceeding as planned with first gold remaining on schedule for the end of 2021.
Savannah Resources PLC (AIM:SAV, ETR:SAV, OTC:SAVNF) has bowed out of its mineral sands joint venture with Rio Tinto in Mozambique to focus on its lithium assets in Europe. Rio is paying Savannah US$9.5mln cash for its half share in the Mutamba joint venture, money which will be used for further development of the Barroso lithium project in Portugal
Bluerock Diamonds PLC (AIM:BRD) sold three higher value gem-quality diamonds for a combined value of $180,000 as part of its November tender. The company, which owns and controls the Kareevlei diamond mine in South Africa, said the November tender was its third-largest by sale price this year.
Emmerson PLC (AIM:EML) has started appointing contractors to carry out pre-construction work at its Khemisset potash project in Morocco, less than a month after securing US$47mln of initial funding. It awarded the first basic engineering contract to Barr Engineering for the mineral processing facility ahead of first production in early 2024.
ECR Minerals PLC (AIM:ECR), a gold exploration and development company, said its 25% shareholding in Philippines based company Cordillera Tiger Gold Resources Inc has been formalised following a five-year delay. The issuance of the 25% stake has been delayed since 2016, due mainly to a court case filed by a former director and minority shareholder of Cordillera Tiger.
Conroy Gold and Natural Resources PLC (AIM:CGNR) (Conroy Gold and Natural Resources PLC (AIM:CGNR)) shot higher after it said an agreement had been reached on the main terms of the proposed joint venture with Turkish conglomerate Demir Export.
Mila Resources said it started drilling at the Kathleen Valley gold project in Western Australia in an effort to boost the existing JORC Inferred Resource. The programme will total 13,500m (metres) and focus on the existing Coffey Deposit plus two new targets to the north of the current resource.
Tirupati Graphite PLC (LSE:TGR, OTCQX:TGRHF) expects commercial production from its Vatomina project in Madagascar to be achieved this month. The first sales and shipment from Vatomina started in October 2021 with commercial production expected to be declared in the current quarter, the company said as it announced its results for the six months to end September.