Greatland Gold PLC (LON:GGP), a precious and base metals exploration and development company, announced the start of the underground decline access at its Havieron gold-copper joint venture project in Western Australia.
“This is a momentous step in the development of Havieron as a world-class gold-copper mine,” said Greatland chief executive Shaun Day. “I am delighted by progress on site and this fast-tracked milestone is indicative of the potential scale of the deposit and the opportunity seen by our partners Newcrest.
Kavango Resources PLC (LON:KAV) shares rose in early deals on Friday after an update on the South Ghanzi Project in the Kalahari Copper Belt (KCB). The exploration company said seven conductive targets had been identified by the airborne electromagnetic (AEM) surveys conducted in February. Each anomaly represents a potential drilling target.
Pembridge Resources PLC (LON:PERE) highlighted key results from a new preliminary economic assessment technical report for the Minto mine. The report doubles the mine’s expected life to 8 years out to 2028 whilst envisaging the processing of some 10.89mln tonnes, of the project’s 24.1mln tonnes of indicated and inferred resources.
Great Western Mining Corporation PLC (LON:GWMO) said an initial six-hole drilling programme at the Trafalgar Hill prospect, part of the Olympic Gold project, has been completed “significantly ahead of schedule and under budget” All six holes initially appear to have intercepted the main shallow target structure, providing a potential strike length of at least 300 metres and a continuation down dip of over 100 metres,” the company said.
AfriTin Mining Ltd (LON:ATM) said it has raised fresh funds in an oversubscribed share placing to expedite expansion and exploration at its flagship Uis tin mine in Namibia. The AIM-listed firm said it raised £13mln through the placing of around 216.7mln new shares at a price of 6p each, a 12.5% discount to its closing price on Tuesday, through an accelerated bookbuild process.
Oriole Resources PLC (LON:ORR) said its joint venture partner IAMGOLD Corp has started its Year 4 exploration programme at the Senala gold project in Senegal. The programme will comprise of around 11,000 metres of reverse circulation and diamond drilling at the Faré and Madina Bafé prospects.
Sunrise Resources PLC (LON:SRES) said it has completed the scheduled drilling programme at its Baker’s Gold Project in Western Australia. All five of the planned drill holes were successfully completed on schedule and to their designated depths. Assay results are expected in about six weeks’ time.
Bushveld Minerals Ltd (LON:BMN) has completed the previously notified essential maintenance at its Vametco asset in South Africa. The vanadium producer said the maintenance work had affected production in the first quarter, which clocked in at 688 tonnes of vanadium, which was 21.8% lower than the corresponding quarter of 2020 and 28.7% down on the fourth quarter of 2020.
Asiamet Resources Limited (LON:ARS) has appointed experienced mining lawyer Eva Djauhari as a non-executive director, As one of the few mining law practitioners in Indonesia, Djauhari has worked extensively with key mining-related associations and institutes advising the Indonesian government on various mining law and policy matters.
Eurasia Mining PLC (LON:EUA), a platinum group metals and gold producer, said it has received several proposals including one from a credible party for the potential acquisition of substantially all of the company’s assets. It added that it has now concluded its strategic review and formal sale process.
ECR Minerals PLC (LON:ECR) said drilling is underway at the Bailieston and Creswick gold exploration projects in the Victoria Goldfields, Australia. They are 100%-owned by ECR’s wholly owned Australian subsidiary Mercator Gold Australia.
Panther Metals PLC (LON:PALM) said it achieved the first stage in the process of pursuing a listing of its Australian assets on the Australian Securities Exchange with the completion of a pre-IPO seed financing raising AU$300,000 (£167,000).
Metal Tiger PLC (LON:MTR), an AIM-quoted natural resources investor, said it acquired a 0.5% stake in Artemis Resources Ltd (ASX:ARV), an Australian gold and copper focused exploration company, after taking part in a capital raising. Metal Tiger subscribed for 5 mln new shares in Artemis for about A$500,000 (£279,293)