The transformation of () is proceeding apace, as due diligence is underway and proceeding as planned on the Hope copper-gold project in Namibia, which the company is in the process of acquiring.
() and PLC () have updated on progress at the Blue Ribbon license in Victoria, Australia, which is owned by their joint venture, Red Rock Australasia (RRAL). As a result of the data, Blue Ribbon is now a priority target for RRAL, with next exploration steps including the finalisation of drill targets and the implementation of a three-hole, 1000 metre drill program.
() has reported that it raked in an extra US$3.2mln in cash in the second quarter of 2020. After the three months to June 30, the Azerbaijan-focused miner said its cash balance stood at US$29.2mln at the end of the period, while gold production in the quarter had come in at 12,048 ounces (oz).
PLC () has delivered its sixth consecutive six-monthly period of double digit growth, posting a 54% increase in first-half earnings to £12.8mln.
() has boosted sales at the Cobre magnetite project in the US, despite the disruption of the coronavirus pandemic. Quarterly sales were up 89% on quarter-end June 2019 and ahead 38% year-on-year.
() said a phase 3 drilling programme at the Pandora gold project in Djibouti has delivered “a number of significant intersections”.
() has kicked off the second phase of geochemical sampling for gold, nickel, and chromium at its Pilbara Goldfield tenements in western Australia.
() said it has continued to produce high-grade lithium from metallurgical work on ore from its Mina do Barroso project in Portugal.
() has announced the acquisition of the Dotted Lake exploration property approximately 20 kilometres (km) from Barrick Gold Corporation’s renowned Hemlo Gold Mine.
Another day, another deal from (), which acquired a royalty on the Spring Hill gold project in Northern Territory, Australia, from Thor Mining PLC ().
Bezant Resources PLC () told investors that due diligence for its proposed acquisition of the Hope Gold project in Namibia, is “progressing as anticipated” as it provided new details from ongoing technical work.
Minergy Ltd (BSE:MIN) owns the Masama coal project in Botswana. “We have come such a long way and are pleased with developments at the mine site,” said Morné du Plessis, Minergy’s chief executive.
() (FRA:M6N) has awarded the engineering, procurement and construction (EPC) contract associated with the restart of the Davyhurst Gold Processing Plant in Western Australia to GR Engineering Services Limited ().
(LON: RGM) has reported a positive outcome from the Warden’s Hearing in Papua New Guinea in relation to its Mambare nickel project. Regency’s joint venture partner attended the hearing. Earlier in the week, Regency said it is initiating exploration for the 2020 season at the 50%-owned Dempster vanadium project in Canada.
() () (OTCMKTS:WHELF) has been granted green label certification for debt issued to develop its Lake Way Sulphate of Potash (SOP) Project, which confirms the Western Australian project’s positive environmental aspects.
Power Metal Resource PLC () said its two key strategic objectives, are to make one or more major metal discoveries within its portfolio and then crystallise the value of such discoveries for shareholders’ benefit.
() told investors it has subscribed for A$500,000 of shares in Artemis Resources Limited, taking up 7.14mln new shares at 7 Australian cents per share. Earlier in the week Metal Tiger said it has entered into a further equity derivative collar financing arrangement against Sandfire shares, while also revealing that a prospectus has been lodged in Australia for the planned initial public offering of , in which it currently holds a 7.29% stake.
() has announced the appointments of two highly experienced and successful Kalahari Copper Belt exploration geologists, Dr Quinton Hills and Fred Nhiwatiwa as members of the company’s senior management to provide assistance with its exploration projects in Botswana.
There’s more than £800,000 of new money in the kitty now, following a rights issue conducted successfully by the company’s founder and chief executive earlier this month. Jeremy Wrathall wanted to ensure that the company remained in a good position despite the uncertainty caused by the coronavirus pandemic and that work could continue unabated given recent encouraging results.
() has raised £1.72mln of new capital through an oversubscribed placing, with funds earmarked to accelerate the development of the Khemisset potash project.
BlueRock Diamonds PLC () has raised £1.25mln to fast track growth plans and strengthen its balance sheet.
() has raised £600,000 in an oversubscribed placing to provide further support as it continues talks with potential partners about its Bailieston and Creswick gold projects.
Panther Metals PLC () has placed just over 3.8mln shares at 6.5p each to raise £250,000.
Power Metal Resources Plc () told investors that it has now converted its entire £38,000 of loan notes in ().