Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development corporation with a substantial land package of gold and strategic mineral assets across Southern Greenland, announces that it has successfully completed its 2024 exploration programmes across its portfolio in South Greenland.
Zak Mir spoke with Eddie Wyvill, Corporate Development of Amaroq Minerals. The company is on the verge of production. It has been a long seven-year journey, but finally, they see the light at the end of the tunnel.
The Nalac mine has a rich history, having produced 350,000 ounces of gold at an impressive grade of 15 grams per ton in the past. However, it shut down in 2014 due to previous operator issues. Amaroq’s team has drilled extensively over the past six years, uncovering a resource of 320,000 ounces at an astonishing 28 grams per ton, which is one of the highest grade globally.
Great Southern Copper PLC (LON: GSCU) recently announced a successful fundraising of £780,000, drawing interest from new investors as well as support from the company’s cornerstone shareholder.
CEO Sam Garrett highlighted the investment as a significant vote of confidence in the company’s prospects, particularly noteworthy given the current challenges in obtaining mining finance.
Introduction to First Class Metals (LON:FCM) The Core Four. In the first episode of Introduction to First Class Metals – The Core Four, CEO Marc Sale provides a snapshot of First Class Metals’ core assets and strategic direction, aimed at maximizing exploration success.
Submit your questions and engage with the team on the First Class Metals hub!
Marc gives a concise overview of the company’s portfolio, detailing the “Core Four” projects: North Hemlo, Sunbeam, Esa, and now Kerrs Gold. Each of these projects represents key assets in prospective mineral-rich regions, backed by strong indicators of high-grade mineralization.
Mila Resources PLC (LON: MILA) reported that rock chip samples from its newly acquired Monal, Yarrol, and Mt Steadman licenses in Queensland have revealed substantial gold and copper mineralization across several targets.
Sampling at the Monal site returned standout results, with gold grades peaking at 26.8 g/t and copper grades also showing strong values.
Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, will publish its Q3 2024 results on 14 November 2024. A remote presentation for investors and analysts will be held on the following day, 15 November 2024, at 8:30am GMT, followed by an opportunity to ask questions.
Endeavour Mining PLC (LON: EDV) increased production in the latest quarter following the successful commissioning of new mines at Lafique and Sabodala-Massawa CIL.
The Africa-focused gold producer reported a 270,000oz output for the three months ending September 2024, marking an 8% increase compared to the previous quarter, bringing total production for the year to date to 741,000oz (compared to 792,000oz in the prior year).
Great Southern Copper PLC (LON: GSCU) announced it has secured £780,000 in new funding to support expanded exploration activities at its Especularita copper-gold project in Chile.
The investment was raised from two private investors along with the company’s primary shareholder, Foreign Dimensions PTY Limited.
Premier African Minerals Limited provided a further update on the operations at the Zulu Lithium and Tantalum Project (“Zulu”) and the rescheduled General Meeting to be held at the Chesterfield Mayfair Hotel, 35 Charles Street, London W1J 5EB, United Kingdom at 15:30 on 11 November 2024
The Notice of the Rescheduled GM with the Form of Proxy was posted to shareholders and remains available together with this announcement for download on the Company’s website: https://www.premierafricanminerals.com/investors/circulars-and-notices
KEFI Gold and Copper PLC (AIM: KEFI) announced it has received initial committee approval from a second co-lending bank for financing its Tulu Kapi gold project in Ethiopia.
Additionally, the project’s financing banks have agreed to increase the loan facility from US$190 million to US$240 million.
Fulcrum Metals Inc (LON:FMET) operates in the mining industry, under the precious and critical metals segment, extracting gold tailings from Ontario, Canada. The company is currently developing Tech Hues and Silver Knight projects, both of which have high recovery potential for gold. With the mission of engaging in socially and environmentally responsible mining, Fulcrum Metals strives to capitalise on the existing resources without causing significant disturbance to the environment.
Both the Tech Hues and the Silver Knight tailings projects are located in historic mining areas. Each seeks to recover gold and other valuable minerals from tailings, the waste outputs of historical mining. Tailings represent an untapped resource, and often contain large amounts of precious metals that can be recovered with modern extraction technologies.
ECR Minerals (AIM:ECR) interest for its tax losses and updates on drilling in Victoria; The latest video with Chairman Nick Tulloch, MD Mike Whitlow, Technical Consultant Mike Parker and Director Andrew Scott … talking operations and expressions of interest in our tax losses.
ECR Minerals, a gold exploration company with assets in Australia, is making significant strides in both its exploration activities and corporate transactions. The company recently welcomed Mike Parker as its new technical consultant, a seasoned geologist with nearly 40 years of experience in the exploration industry. Parker’s extensive background includes working with major companies like First Quantum Minerals and leading projects in Africa and Latin America.
Tertiary Minerals (AIM:TYM) Mukai Copper Project – Commencement of Drilling; Phase 1 drill programme, now underway, will comprise up to 6 diamond drill holes, with drilling depths ranging between 350 and 400m. The drill programme will test beneath the large soil anomaly defined by Tertiary in 2023 which is contiguous with First Quantum’s Tirosa Copper Prospect on the adjoining mining licence.
The Licence lies adjacent to First Quantum’s Trident Project which comprises various mining licences encompassing the producing Sentinel Copper Mine and the recently developed Enterprise Nickel Mine. The Sentinel processing plant has a processing capacity of 55 million tonnes of copper ore per year.
Kodal Minerals PLC (AIM: KOD) reported that a statement from its partner, Hainan Mining, regarding the binding MoU on the Bougouni project with the Mali government and their joint venture company, KMUK, does not align with the discussions held to date.
In its statement, Hainan, the Chinese partner, indicated that a US$15 million payment owed to the Mali government pertains to outstanding taxes.
Altona (LSE: REE), a resource exploration and development company focused on critical raw materials in Africa, provided an operational update on its scoping study for the short-term development of a fluorspar mine at Monte Muambe.
Scoping study on short-term fluorspar mining at Monte Muambe started, results expected Q1 2025. Field activities completed and representative ore sample taken for assay, beneficiation testing and evaluation by potential buyers.
Cedric Simonet, CEO of Altona, commented: “The potential rapid development of fluorspar production from the Fluorite Zone at Monte Muambe represents an excellent opportunity to monetise an additional part of our investment in this asset. If successful, it would create a cash inflow for the Company
“Furthermore, this project fits perfectly in our diversification strategy, along with our promising copper exploration assets in Botswana and in Zambia, therefore expanding revenue generation opportunities for the Company.”
