Ariana Resources PLC (AIM:AAU) reported an increase in estimated resources for the Apliki copper project in Cyprus.
Apliki contains a measured, indicated, and inferred resource of about 17 million tonnes (Mt) at copper grades of between 0.26% to 0.69%, according to the updated mineral resource estimate (MRE).
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) has agreed to buy exploration data for the Garadagh and Xarxar contract areas, its recently awarded concessions in Azerbaijan.
It will pay AzerGold, the previous holder of the concessions, US$3.3mln for the data for Garadagh and US$0.7mln for Xarxar.
Empire Metals Ltd (AIM:EEE) said an airborne magnetic survey identified a significant structure at the Pitfield copper-gold project in Western Australia.
The structure closely aligns with a 7km surface copper anomaly identified by previous owners during surface sampling in the early 1990s.
Condor Gold PLC (AIM:CNR, TSX:COG, OTC:CNDGF) reported an updated resource estimate for its La India project in Nicaragua.
The project contains an estimated 1.087mln ounces of gold in the indicated category and 1.189mln ounces in the less certain inferred category.
China has held a monopoly on global natural graphite production for over 30 years, producing around 60%-80% of the world's natural graphite.
But the large number of advanced development projects spread throughout the globe, combined with high prices, means that the geographical distribution of the natural graphite market is poised for change.
Condor Gold PLC (AIM:CNR, TSX:COG, OTC:CNDGF) highlighted the progress made in de-risking its La India project in Nicaragua as it reported interim results.
"Condor made significant advances during the 6-month period de-risking the fully permitted La India project to a near construction ready status and completing all technical studies for a feasibility study on La India open pit,” said chairman and chief executive Mark Child.
Rainbow Rare Earths Ltd said it has become a member of the European Raw Material Alliance (ERMA) – a group which aims to make Europe more resilient by diversifying supply chains, promoting innovation, creating jobs and attracting investment.
"We are pleased to have been accepted as a member of ERMA - an essential alliance which is working to accelerate the green and digital transition through securing and reinforcing rare earths supply chains,” George Bennett, Rainbow chief executive, said.
Empire Metals Ltd (AIM:EEE) said a recently completed drilling programme at the Eclipse-Gindalbie gold project in Western Australia returned multiple significant intercepts.
The drilling programme of 26 holes focused mainly on extending the known mineralised trends, along strike and at depth, around some of the historical gold mines such as Homeward Bound, Bulletin, Eclipse and Jack's Dream as well as the small pit at Budd's Find.
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has received a ‘Buy’ rating and a £21.00 price target from UBS Investment Bank as the financial services provider initiates coverage of the gold producer.
The miner's London-listed shares are currently trading at about £17.50, while its Toronto-based shares are trading at about C$27.70.
Tirupati Graphite PLC (LSE:TGR, OTCQX:TGRHF) has commissioned the Vatomina preconcentrate plant in Madagascar and announced it has overcome recent operational difficulties, helping its shares rise 10%.
The construction and relocation of the first part of Vatomina's 9,000 tons per year plant, which will remove 80%-90% of impurities from the ore, has now been completed and the preconcentrate and final concentrate plant recommissioned and synchronised in operation.