Antipa Minerals Ltd (ASX:AZY) has added exploration upside to its joint venture Citadel Project with Rio Tinto Exploration Pty Limited in Western Australia, after defining extensional mineralisation at Calibre and new zones of sulphide-rich breccias at the Rimfire North target.
Drilling at Calibre extended the known gold-copper mineralisation outside the southern limits of the existing 2.1-million-ounce gold and 104,000-tonne copper mineral resource. Intersections of note included:
Liberum has updated its valuation for Atlantic Lithium Limited (AIM:ALL) in the wake of what it described as an "impressive" updated scoping study on the Ewoyaa spodumene lithium project in Ghana.
Based on its expectations for the upcoming definitive feasibility study, the broker has increased its price target to 46p a share from 32p previously.
Kodal Minerals’ chief executive Bernard Aylward said the award of its mining licence at the Bougouni lithium project had come at "a very opportune time" for the company.
"The granting ….finalises the permitting required for the commencement of development, construction and operation of this mine," he said.
Sovereign Metals Limited (ASX:SVM, AIM:SVML) has tabled a positive scoping study for the Kasiya Rutile Project in Malawi — a report it believes confirms its asset as a globally significant rutile play.
The initial scoping study considers a multi-decade mine, which will provide a stable supply of highly sought after materials like rutile and graphite while building up Malawi’s economy.
Pan African Resources’ first-half production estimate of 105,000 oz gold was some 6% ahead of Peel Hunt’s 99,000 oz forecast, said the broker.
Evander production has been strongest while Elikhulu is slightly below forecast and Barberton in line.
Atlantic Lithium Ltd said initial results from infill drilling confirmed mineralisation grade and continuity within the Ewoyaa deposit in Ghana.
The results include the highest metal content intersection reported to date with one drill hole intercepting 91.6 metres (m) at 1.6% lithium oxide from a depth of 8m.
Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) said it is well positioned to meet and exceed full-year production guidance of more than 195,000 ounces and expects to produce about 105,000 ounces of gold in the six months to end December - a 6.7% increase on the year-earlier period.
It also announced it has conditionally agreed to buy Blyvoor Gold Operations (Pty) Ltd, consisting of six historical tailings storage facilities with total resources of more than 1.4 million ounces of contained gold, for ZAR110mln (£5.2mln) in cash. The transaction will be funded from internal cash resources.
Kodal Minerals PLC (AIM:KOD) said it was reviewing a 2020 feasibility study on its flagship Bougouni lithium project in Mali, where it was recently granted a mining licence, ahead of a final investment decision next year.
“We have been undertaking a review of our existing feasibility study to upgrade costs and estimates to reflect current expectations and best practices,” said chief executive Bernard Aylward.
Bradda Head Lithium Ltd (AIM:BHL) said exploration drilling started at its Wikieup project in Arizona last Friday following the receipt of drilling permits.
The drilling programme is for 28 holes (3,000 metres), around three times the size of the recent Burro Creek East drill programme, and covers portions of the Wikieup project claims.
Sovereign Metals Limited (ASX:SVM) shares will be admitted to the AIM market of the London Stock Exchange (AIM) at 8am (GMT) today while retaining its ASX listing.
The dual listing is expected to further raise the company’s profile in the northern hemisphere and facilitate the participation of UK and other European investors in Sovereign’s growth.