Credit Suisse has highlighted how relatively cheap iron pellets maker Ferrexpo PLC (LSE:FXPO) is right now.
The snag is the company is based in Ukraine, but even with severely curtailed production due to the war, the broker sees some value even now.
Scotgold Resources Ltd said it signed a deal with Swiss wealth manager Fern Wealth GmbH to secure a £3mln loan from high net worth investors to fund an upgrade in its key Scottish gold mine.
Scotgold said the money will bankroll plans to increase the gold production run rate at the Cononish mine to about 23,500 ounces a year by the end of the first quarter of 2023.
Mkango Resources Ltd (AIM:MKA, TSX-V:MKA, OTC:MKNGF) said it has identified two drill targets at the Nkalonje Hill rare earths project, close to its Songwe Hill rare earths development project in Malawi, after completing initial sampling and ground geophysics work.
Assay results from samples returned grades of up to 5.92% TREO (Total Rare Earth oxides) and a median average grade of 2.96%.
Panther Metals PLC (LSE:PALM) said it agreed to sell 128 mining claims, known as the Big Bear gold project, in Canada to Fulcrum Metals Ltd, which is seeking an initial public offering (IPO) on London’s Alternative Investment Market (AIM).
Panther will take a 20% stake in Fulcrum after its IPO and receive £200,000 and a 2% net smelter return royalty as consideration for the project.
Ora Banda Mining Ltd (ASX:OBM)’s managing director and CEO Peter Nicholson has stepped down from his leadership post.
Following the gold stock’s $20 million capital raise and accelerated exploration campaign, Nicholson decided now is the time to seek out new challenges in the resources space.
Cobra Resources PLC (LSE:COBR) soared 16% as its strong start to the day continued into the final hour of trading on the back of strong buying interest.
The gold explorer announced positive results from its Wudinna Gold Project in Southern Australia, with all holes, at a 350 parts per million (PPM) total rare earth oxide (TREO) cut-off, producing significant intersections.
Empire Metals Ltd (AIM:EEE) has acquired a 70% interest in three copper-gold projects in Australia from privately owned Century Minerals Pty Ltd.
The Pitfield and Walton projects are in Western Australia, whilst the Stavely project is in Victoria.
The development of Ariana Resources PLC's (AIM:AAU) second gold mine in Turkey “is advancing at pace”, according to the company’s managing director, Dr Kerim Sener.
In an update on progress, investors were told mine construction at Tavsan is expected to begin this quarter once permitting is finalised and bank finance approved.
AfriTin Mining Ltd (AIM:ATM, OTC:AFTTF) has laid out a five-year plan to increase tin production three-fold alongside the production of substantial quantities of lithium and tantalum.
Current production from its Uis mine in Namibia is 850 tonnes of tin concentrate a year (tpa).
Caerus Mineral Resources PLC (LSE:CMRS) and Bezant Resources PLC (AIM:BZT) announced a maiden resource estimate for their Troulli joint venture project in Cyprus.
The project has an estimated total hard rock resource of about 4.9 million tonnes (Mt) at 0.41% copper and 0.2 grammes a tonne (g/t) gold for 20,000t of copper metal and 31,000 ounces (oz) of gold, including 460t of copper and 7,700oz of gold at the higher indicated level.
WH Ireland has set PYX Resources PLC’s target price at 129p, with the broker believing it is entering a “significant growth stage.”
With its two projects in Indonesia - Mandiri and Tisma - PYX has the second-largest zircon resource of any producer in the world.
Following the large rise in February, mining royalty shares continued to climb in March, with the average share price up 3.7%, and 56% of companies experiencing positive share price movements.
The Mid-Tiers were the best performing subset of the sector, up an average of 12.7% on the month, with the Majors up 11.3% and the Large Tiers up 5.4%. The Juniors were the only subset to see negative movement, down an average of 1%.
Shares in W Resources PLC (AIM:WRES) have been suspended, as the company continues to grapple with what it calls “extraordinarily challenging” operating and commercial conditions.
The company recently started production at the La Parrilla tungsten mine in Spain, but has been hit hard by a huge rise in liquid natural gas prices. These have been running at up to seven times higher than the average price in 2021.
Chaarat Gold Holdings Ltd (AIM:CGH) said it welcomed the resolution of a dispute between Centerra Gold Inc and the Kyrgyz government regarding the Canadian company’s Kumtor mine.
AIM-traded Chaarat warned in February that the situation around the Kumtor mine had pushed back the debt financing timeline for its Tulkubash project into the second half of this year.
Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) received US$1.7mln pre-tax from its copper and gold royalties in the first quarter.
Altus currently owns 33 royalty interests, including royalties on four producing mines, namely the Caserones copper mine in Chile, the South Kalgoorlie Operations gold mine in Australia, the Ballarat gold mine in Australia and the Bonikro gold mine in Côte d'Ivoire.
Castillo Copper Ltd (LSE:CCZ, ASX:CCZ) has identified multiple new targets with copper potential at the Mkushi project in Zambia.
The new targets were seen in the interpretation of induced polarisation IP survey results, which highlighted multiple zones of high chargeability coincident with known copper soil anomalies.
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) has released the results from its 2021 drilling programme at its 100% owned Scallywag licence.
Seven holes were completed at four prospects, and the company also undertook a ground electro-magnetic survey.
Bushveld Minerals Ltd (AIM:BMN, OTC:BSHVF) has reported ore reserves of 262,000 tonnes of vanadium (V2O5) in magnetite at its Vametco subsidiary at the end of December, a slight drop on end-2020.
Mining depletion was responsible for the fall in reserves, said Bushveld, which added the combined resource was 182.7Mt for 704,000 tonnes of vanadium, with 147,000 tonnes in the probable category.
Sovereign Metals Ltd (ASX:SVM, AIM:SVML) hit a record high after delivering a 1.8-billion-tonne resource in an updated mineral resource estimate (MRE), confirming that the Kasiya rutile deposit in Malawi is the world’s largest rutile deposit ever discovered as well as the second-largest flake graphite deposit.
The Kasiya mega-deposit with a grade of 1.01% rutile now hosts 18 million tonnes of contained rutile – tripling from the previous MRE.
Castillo Copper Ltd (LSE:CCZ, ASX:CCZ) has pinpointed a series of copper targets that are ripe for drill testing at its Mkushi project in the prolific Zambian copper belt.
The explorer reviewed data from a geophysics report, which interpreted induced polarisation (IP) survey results against three known areas of copper soil anomaly at Mkushi.
Lloyds Banking Group PLC (LSE:LLOY), meme stock AMC Entertainment Holdings and Russia’s gold miner Polymetal International PLC (LSE:POLY) were among the most popular stocks for UK private investors over the past month recent.
Data from investment platform Interactive Investor (ii) and trading app Freetrade for March had Polymetal and Tesla Inc (NASDAQ:TSLA) the top of their respective lists.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has told investors it will soon launch the construction of its Sabodala-Massawa expansion project in Senegal, supported by a recently completed definitive feasibility study (DFS).
The West African gold producer said the DFS recommends the expansion of the Sabodala-Massawa complex by supplementing the current 4.2 million tonnes per annum (Mtpa) carbon-in-leach (CIL) plant with a 1.2 Mtpa BIOX plant to process the high-grade refractory ores from the Massawa Central Zone and Massawa North Zone deposits, with first gold production expected in early 2024.
Shanta Gold Ltd, an East Africa-focused gold producer, released its first ever sustainability report and said it was committed to setting clear sustainability targets this year.
The report covers the company’s activities in 2021 at both the corporate level and at its New Luika gold mine and Singida project in Tanzania and the West Kenya project.
Cloudbreak Discovery PLC (LSE:CDL) described the outlook for 2022 as "positive" as it reported its interims results for the six months of to end-December 2021.
The natural resource project generator said it continues to evaluate a variety of prospects.
Gold producer Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) is making a pay-out of 14 US cents a share for the first three months of the year.
In 2021, the shareholder distribution totalled 50 cents, up 50% year-on-year.
AEX Gold Inc (AIM:AEXG, TSX-V:AEX) has announced the results of its 2021 exploration drilling programme at Nalunaq in Greenland.
AEX holds an unrivalled land package of gold and strategic mineral assets covering an area of 4,090 square kilometres in Southern Greenland, and the Nalunaq project itself is a past-producing underground mine.
Thor Mining PLC (AIM:THR, OTC:THORF, ASX:THR) said it received county approval to undertake exploration drilling at the Rim Rock and Section 23 prospects of its Wedding Bell uranium project in southwest Colorado, US.
"Thor has worked closely with the San Miguel County to systematically work through the permitting process and is delighted with the positive outcome,” said managing director Nicole Galloway Warland. “We look forward to getting on the ground and testing these shallow high-grade uranium targets, especially Section 23, which is untested despite the favourable geological setting.”