Its been another busy week for London’s junior mining sector, here we take a look at the movers and shakers
Eurasia Mining Plc (AIM:EUA) the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that three plants have now been successfully commissioned at West Kytlim. The first plant is located on the border of Klyuchiki area and Bolshaya Sosnovka area to process the material mined from both these areas, the second and the third plants are located on the border of Malaya Sosnovka and Bolshaya Sosnovka areas to process material mined from Bolshaya Sosnovka.
Red Rock Resources PLC (AIM:RRR) stated that reverse circulation drilling at Luanshimba’s copper-cobalt mine in the Democratic Republic of Congo has now been completed satisfactorily despite slow initial progress. Power Metal Resources PLC (AIM:POW) is also considering London for the IPO of their Australian joint venture, Red Rock Australasia Pty Ltd. (RRAL). Red Rock owns 50.1% of RRAL, with 49.9% being owned by Power Metal Resources plc (AIM:POW).
Red Rock Chairman Andrew Bell commented: A review of potential options for a listing of RRAL has now led to the choice of London as the preferred venue, with the possibility of seeking a trading facility in North America later.
Bluejay Mining PLC (AIM:JAY) JV with Bill Gates & Jeff Bezos backed Company, Definitive Joint-Venture Agreement Signed with KoBold Metals to explore the Disko-Nuussuaq Project. Bo Stensgaard, CEO of Bluejay, said: “This Agreement is transformative for Bluejay. We are delighted to have a partner at the pinnacle of technical innovation for new exploration methods, backed by some of the most successful investors in the world.
BlueRock Diamonds PLC (AIM:BRD) which owns and operates the Kareevlei Diamond Mine (‘Kareevlei’) in the Kimberley region of South Africa announces the discovery of a 21.56 carat stone and an update on its operations.
Vast Resources plc (AIM.VAST) the AIM-listed mining company, provided a comprehensive summary of the refurbishment works undertaken at Baita Plai Mine both on the underground infrastructure, and on the processing plant.
Oracle Power PLC (AIM.ORCP) announced that the Department of Mines, Industry Regulation and Safety of Western Australia has approved the company’s Programme of Work for the Northern Zone Gold Project.
Botswana Diamonds (AIM.BOD) announce that four high-quality diamonds and abundant kimberlitic indicators were recovered from drill samples at the recently discovered River Kimberlite Extension at Thorny River in the Limpopo Province of South Africa.
Thor Explorations Ltd (AIM:THX) has released a new set of drill results from the Makosa North prospect in Senegal. This revealed more about Douta’s potential.
ECR Minerals PLC (AIM:ECR) has released the initial results of its first drilling campaign at Cherry Tree (4HR4). This is located on the Bailieston project in Victoria. Highlights of the drilling were Hole BCTDD001 which was the first ever to be done at HR4 and has revealed an anticlinal hinge striking through the central part of the goldfield.
Pan African Resources PLC (AIM:PAF) announced that it had reached a multi-year wage agreement with two unions at the Barberton gold mines, South Africa.
Wishbone Gold Plc (AIM: WSBN) announced that Independent Consultants have advised of the benefits of a more detailed geochemistry sampling programme at Red Setter prior to drilling. This is based on recent results from companies in the Patersons Range, and will look at the entire Red Setter Project area in order to refine the locations of the first planned drill holes and potentially to identify further targets on the 57.4 km2
Conroy Gold and Natural Resources PLC (AIM:CGNR) reported significant gold intersections in drilling in the Cargalisgorran Section of its Clay Lake gold target, Longford-Down Massif, Ireland. There, it discovered a 65km long new gold zone.
Greatland Gold plc (AIM:GGP), a leading development and exploration company with a focus on tier-one gold-copper deposits, is pleased to announce the appointment of Otto Richter as Group Mining Engineer with effect from Monday 16 August 2021.
Condor Gold PLC (AIM.CNR) Interim Report and Accounts for the Three and Six Months Ended 30 June 2021
Ariana Resources PLC (AIM:AAU) announced positive drilling results at the Arzu Central area in the Kiziltepe Gold-Silver Mine in western Turkey.
Alien Metals Ltd (AIM.UFO) announced that the latest results from Hancock’s iron ore project in Western Australia are supportive of the project’s potential to become a standalone producer of direct shipping ore (DSO).
Bill Brodie Good, CEO & Technical Director of Alien Metals, commented: Our Hancock Iron Ore Project is shaping up to be a significant development opportunity for Alien. We have now defined DSO grade iron ore over a strike length of 350 metres at the Sirius Extension Prospect alone and we now have nearly all the data to calculate a maiden JORC resource at Sirius.”
TPI provides its latest research note on Alien Metals Limited (UFO.L)
Thor Mining PLC (AIM:THR) raised £800,000. in a private placement. This was to finance exploration activities at its projects, including the Ragged Range nickel and gold prospects in the Pilbara.
Alba Mineral Resources plc (AIM: ALBA) reported on the successful completion of drilling operations at the Amitsoq Graphite Project in southern Greenland. Maiden Drilling Campaign Intersects Significant Graphite Layers
Shanta Gold Ltd has announced additional high-grade drilling results from the West Kenya gold project. Visible gold was identified in two intersections in 13 holes drilled during the second phase.
Castillo Copper Ltd (AIM::CCZ), has logistical arrangements in place at Mt Oxide Project’s prime Arya prospect, Mt Isa copper belt of northwest Queensland, to test drill key targets that BHP identified during the mid-1990s. One target is estimated at 130m thick.
Xtract Resources Plc (AIM:XTR) reported on the continuing progress of the Phase Two diamond drilling programme with the completion of the third and fourth holes at the Bushranger copper-gold porphyry exploration project in New South Wales, Australia, as well as positive news on the renewal of the Racecourse exploration licence.
Caerus Mineral Resources Plc (AIM:CMRS) announced that it had completed the acquisition of Gold Mines Limited (Cyprus) Limited, for a total consideration in the amount of PS300,000. This was funded through the recent sale of the Black Pine nickel/cobalt project, and the associated licences, as announced on 29th July 2021.
Panthera Resources Plc (AIM: PAT) announced that the Reverse Circulation (RC) drilling programme at the Labola (Wuo Land) Project in Burkina Faso, by its associate company Moydow Holdings limited (“Moydow”), has now been completed. Full assay results are pending with results anticipated on or about the end of the quarter. In conjunction with this work, a NI43-101 report is currently being compiled, which subject to the drill assay results, is expected to be published in the fourth quarter of 2021.
Trident Royalties PLC (AIM:TRR) has taken note of recent announcements by Apollo Consolidated Ltd. (ASX:AOP), regarding positive progress at Lake Rebecca’s gold project in Western Australia. Trident has a 1.5% net-smelter return gold royalty for the entire project.
Horizonte Minerals Plc, (AIM: HZM; TSX: HZM) published its unaudited financial results for the six month period to 30 June 2021 and the Management Discussion and Analysis for the same period.
W Resources PLC (AIM.WRES) produced 68.1 tons of concentrate in July from its La Parrilla mine, Spain. This month, the concentrate contained 58.3 tons of tungsten concentrate as well as 9.8 tonnes tin concentrate. These are significant increases over the previous month.
