It has been another busy week in the mining sector, with news flowing from multiple companies.
Bushveld Minerals Limited (LON:BMN) confirmed higher production and increased sales volumes for the second quarter ended June 30. The production of vanadium increased to 886 metric tonnes (mtV), from 688 in the previous quarter.
Greatland Gold PLC, (LON:GGP), said that new drilling results continue to support the potential resource expansion at the Havieron gold/copper project in Western Australia. Newcrest Mining Ltd (ASX.NCM), the joint venture partner in this project, has completed a total of 184,081 meters of drilling from 212 holes. Seven drill holes have intersected significant mineralisation, previously unknown. Shaun Day, Chief Executive Officer of GGP commented: “There is a tremendous amount of activity and excitement with the progress across the Havieron gold-copper project. In addition to the intensity of the drilling programme, the decline development is now maintaining 24-hour operations and the surface support infrastructure is nearing completion.”
AfriTin Mining Ltd, (LON:ATM), saw a significant increase in revenue for the year ended February. This was due to the development of its Uis tin mine, which is located in Namibia. AfriTin’s transition from a developer to a producer saw revenue rise to PS5.0mln from the PS69,000 it had earned in the previous year.
The world’s wealthiest man and the largest mining company in the world are teaming up. BHP Group PLC (LON:BHP), has announced that it will supply nickel for Elon Musk’s Tesla Inc. (NASDAQ:TSLA), it described as “one the most respected sustainable energy companies in the world.”
Ariana Resources PLC, (LON:AAU) announced that the resources estimate for Kepez North of the Kiziltepe silver-gold mine in western Turkey has increased by two-thirds. Now, the Kepez North resource contains approximately 36,400 ounces of gold and 329.400 ounces of silver.
According to Baker Steel Resources Trust Ltd (LON:BSRT), the recovery of economic activity in the aftermath of the coronavirus crises offers a chance for consumers and businesses to prosper, as well as a chance to ‘build back stronger’ for governments, this week’s commentary.
BHP Group PLC (LON:BHP), reported production records at its Western Australia Iron Ore operations, and the Goonyella Riverside metallurgical coal mine in Queensland. The miner announced in an operational update that Olympic Dam had achieved the highest annual copper production and highest ever gold production for the operation since 2005 when it was acquired by BHP.
Bradda Head Holdings Ltd. (AIM:BHL) has now drilled 141 meters of the planned 991 metres at Burro Creek East, a lithium asset in Western Arizona. The programme aims to twine five holes already in place.
Rio Tinto PLC, (LON:RIO) announced that it reached an agreement to assess and identify the effects of the Panguna copper mine, Bougainville (Papua New Guinea) which was closed in 1989 following a civil war.
ECR Minerals PLC (AIM:ECR) has completed drilling at Creswick, Victoria Goldfields, Australia. This drilling revealed more gold mineralisation in the strike zone, which is located in a southerly direction, from the first hole.
Kavango Resources PLC, (LON:KAV), announced that drilling has begun on Target A2 at the Kalahari Suture Zone in Botswana’s northern section (Hukuntsi). According to the exploration company, the KSZ licenses have geology similar that that which hosts world-class magmatic sulphide deposits.
Landore Resources Ltd. (LON:LND), has discovered high-grade gold in the vicinity of a previously reported bonanza grade area at the BAM deposit, Junior Lake Property, Ontario, Canada. Five holes were drilled to test the area around the bonanza 432.0 grams a tonne (g/t), gold intercept reported in April.
Tirupati Graphite PLC, (LON:TGR), announced that it has commissioned Stage 1 for the Tirupati graphene-mintech research center (TGMRC) in India. This is the beginning of revenue generation at TGMRC, which allows the company advance commercialisation engagements.
Metal Tiger PLC (LON:MTR), has invested in Anacortes Mining Corp. This is a new growth-oriented gold company in the Americas. As part of the capital raise of First Light, C$22.0mln, the natural resources investor stated it purchased a stake in First Light Capital Corp at C$500,000 (PS288,000).
The Hellyer mine in Tasmania, 100%-owned by NQ Minerals PLC (AQSE: NQMI, OTCQB: NQMLF) generated revenue of A$19.8mln from the production of base and precious metals during the second quarter to June 2021.
Shanta Gold Ltd. (LON:SHG), has reduced its production guidance this year due to lower output in the second quarter. It also revised its operating plan. However, it stated that it remains on track to become an African mid-tier producer of gold.
Cora Gold Limited (LON:CORA) the West African focused gold company, announced the eighth set of drill results from its largest-ever drilling campaign at its Sanankoro Gold Project (‘Sanankoro’ or ‘the Project’) in Southern Mali. The Company is focused on targeting resource growth as well as infill drilling to convert existing Inferred resources to Indicated. The results to date have been extremely encouraging with good widths and high-grade results in generally shallow oxide ore.
Alba Mineral Resources plc (LON:ALBA) report that it has identified a new high-grade regional gold target within its exploration licence area. Stream sediment sampling and studies are also ongoing.
Power Metal Resources PLC (LON:POW) announced an exploration update at the Kalahari Key Mineral Exploration Pty Ltd (“Kalahari Key” or “KKME”) Molopo Farms Complex Project (the “Project” or “MFC Project”), which is prospective for magmatic intrusion-hosted massive and disseminated nickel-copper sulphide and platinum-group element (“PGE”) mineralisation in mining-friendly Botswana.
Condor Gold (LON:CNR; TSX: COG) announced assay results from a further twelve diamond core drill holes located between and along strike of the planned high-grade La India Starter Pits, which sit within the fully permitted La India Open Pit Mineral Reserve Estimate of 6.9Mt at 3.1 g/t gold for 675,000 oz gold. The Company is encouraged by higher than expected grades in three of the drill holes, particularly as two high grade, wide intercepts are between the two starter pits in an area previously interpreted as having lower grade gold mineralisation. These results will be incorporated into a revised feasibility-level mine plan and are expected to have a positive impact on the Project’s economics.
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