Piedmont Lithium Inc (ASX:PLL, NASDAQ:PLL, XETRA:) has selected Etowah, Tennessee in McMinn county as the location to build a 30,000 tonne per annum LHP-2 lithium hydroxide operation, complementing the company’s lithium assets and supporting the development of a fully integrated lithium business in North America.
The project is designed to convert spodumene concentrate sourced principally from Piedmont’s international project investments, intended to be operational and producing by 2025 as potentially the largest lithium hydroxide processing facility in the United States.
Cloudbreak Discovery PLC (LSE:CDL) said it decided to draw down £180,000 of a £10mln equity facility to advance its acquisitions of energy royalties, lithium assets and bauxite projects globally.
It issued 12 million new shares at 1.5 pence each, a 13% premium on yesterday's closing share price of 1.33 pence.
Amaroq Minerals Ltd (TSX-V:AMRQ, AIM:AMRQ) said it encountered visible gold at its Eagle's Nest target in Southern Greenland.
The AIM-traded group said it re-discovered a historically reported quartz boulder containing the gold and a re-sample returned a gold grade of 10.4 grammes a tonne (g/t).
Rio Tinto PLC (LSE:RIO) said it reached an agreement in principle to acquire full ownership of Canadian mineral explorer Turquoise Hill Resources Ltd for US$3.3bn.
Turquoise Hill owns 66% of Oyu Tolgoi, one of the world’s largest copper and gold deposits, located in Mongolia.
Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, OTCQX:PAFRF) said the deadline to conclude the Mintails SA transaction has been extended to 30 September 2022 to allow the group to conclude the final parts of its due diligence investigation.
In November 2020, Pan African said it had entered into a conditional agreement to buy Mogale Gold Proprietary Ltd and Mintails’ SA Soweto Cluster Proprietary Ltd (MSC), both 100% owned by Mintails SA, which was placed into provisional liquidation in 2018.
Cobra Resources PLC (LSE:COBR) said further drilling results from its Wudinna project in South Australia provide the outline of an emerging and scalable rare earth mineral province.
Significant REE intersections included 18 metres (m) at 814 parts per million (ppm) total rare earth oxide (TREO); 23m at 911 ppm TREO, including 9m at 1,391 ppm TREO; 8m at 1,421 ppm TREO, including 2m at 3,880 ppm TREO; and 14m at 834 ppm TREO.
East Star Resources PLC (LSE:EST) reported positive results from an analysis of rock chips collected from its five volcanogenic massive sulphide (VMS) licences in the Rudny Altai region of Kazakhstan.
The results showed exceptionally high grades of 17.3% copper, more than 10% lead, 0.4% zinc, 0.37 grammes a tonne (g/t) gold and 121.5g/t silver in the rock chips from Talovskaya, an historic mine.
AfriTin Mining Ltd (AIM:ATM, OTC:AFTTF) posted its first-ever annual profit as production soared from its Uis tin mine in Namibia.
Production over the year to end-February 2022 rose by 70% to 804 tonnes of tin concentrate.
Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTC:GALKF) has closed a private placing of shares and warrant units at 0.45 cents apiece after raising around C$6.9mln (£4.5mln) gross.
The Ulster-based gold miner announced the placing earlier in August when it said it would raise around C$4mln, though the target was subsequently increased.
Alien Metals Ltd (AIM:UFO, OTC:ASLRF) said its Australian iron ore subsidiary has granted Anglo American PLC (LSE:AAL) an exclusive right to negotiate project funding and offtake arrangements for the Hancock iron ore project.
Under an agreement with Alien’s wholly owned Iron Ore Company of Australia Pty Ltd, the global mining giant has the right to negotiate up to US$15mln in funding and 100% of offtake from the Hancock project in the Pilbara, Western Australia.
Shanta Gold Limited (AIM:SHG, OTC:SAAGF)'s new gold mine at Singida in Tanzania is on track for first production early in 2023 with 70% of the construction work now complete.
Eric Zurrin, Shanta's chief executive, said in a statement: "We are delighted with the great progress being made at Singida, with construction on schedule for first production in Q1 2023."
Antipa Minerals Ltd (ASX:AZY) has demonstrated the robust financial and technical credentials of a standalone gold mining and processing operation at the Minyari Dome Project in Western Australia with the results of a scoping study.
The study has painted a rosy picture of Minyari, forecasting an initial combined open pit and underground production of 21.4 million tonnes at 1.6 g/t gold for 1.1 million ounces of gold.
Perseus Mining Ltd (ASX:PRU, TSX:PRU, OTC:PMNXF) has delivered its financial report for the financial year ending June 30, 2022, with record performance across all key metrics relative to the prior financial year.
In recognition of the good performance, the African gold producer has issued a bonus dividend in its final dividend for the year.
Castillo Copper Ltd (LSE:CCZ, ASX:CCZ) is preparing to step-up rare earth element (REE) exploration at the Broken Hill Alliance (BHA) Project’s East Zone in Far West New South Wales, having enlisted two contractors to manage a drilling campaign next quarter.
The company has appointed AllState Drilling, a highly experienced and reputable operator, to perform the drilling, including one diamond core and 17 RC drill holes for 2,100 metres, with depths from 100 metres to 160 metres.
Anglo Pacific Group PLC (LSE:APF, TSX:APY, OTC:AGPIF) has received a nudge upward to its share price target from Peel Hunt following its bumper interim numbers last week.
The broker said that while the strong figures had already been included in its forecasts, the one surprise was the reduction in debt, which at US$71mln was way above its forecasts.
Britishvolt will not be ready to produce electric vehicle batteries from its plant in north-east England until 2025 – two years later than its original plans – as high energy plans disrupt the development.
But the company said it plans to supply sample cells "into customers’ hands in the next few weeks".
Bens Creek Group PLC (AIM:BEN, OTC:BENCF) said it expects imminently to receive a permit to operate a second highwall miner at its site in West Virginia.
This will help production rise to 80,000t clean (160,000t raw) per month in the final quarter of 2022, the metallurgical coal miner said in a statement.
Kavango Resources PLC (LSE:KAV, OTC:KVGOF) said it has identified a gold mineralising system at Target i10 at the Ditau Camp project in southwestern Botswana.
Analytical results including gold fire assays from Hole DITDD004 demonstrated the presence of gold associated with hydrothermally altered rocks.
Bradda Head Lithium Limited (AIM:BHL, OTCQB:BHLIF) reported positive results from the second stage of its preliminary metallurgical test work programme on samples from its Basin East lithium deposit in the US.
“These results demonstrate the potential to commercially concentrate our Li [lithium] clay grade by 26% to 1,900ppm [parts per million] Li and then, using a simple sulphuric acid leach approach at atmospheric pressure, use standard extraction equipment to extract more than 98% of the Li within an hour,” said chief executive Charles FitzRoy.
Power Metal Resources PLC (AIM:POW) has signed a contract for local company Mindea to conduct the drilling on its first own-managed programme at Molopo Farms in Botswana.
About 2,600 metres of diamond drilling across an expected six drill holes is planned, with at least two scheduled for a newly identified conductor within the T1-6 target area.
Sunstone Metals Ltd (ASX:STM)’s initial resource at the Bramaderos gold-copper project in Ecuador and further exploration success are important re-rating points over the next 12 months, according to a research update from RaaS Advisory.
Significantly, Sunstone is targeting an initial Mineral Resource Estimate (MRE) over the Brama-Alba area (Bramaderos Project) and add new discoveries by end-2022.
Perseus Mining Ltd (ASX:PRU, TSX:PRU, OTC:PMNXF) has boosted mineral resources and ore reserves at the Yaouré Gold Mine in Côte d’Ivoire through a maiden estimate for the underground orebody beneath the existing CMA open pit.
Indicated mineral resources amount to 3.7 million tonnes at 4.48 g/t for 537,000 ounces of gold and inferred resources are estimated at 3.7 million tonnes at 4.1 g/t containing 488,000 ounces.