It’s been another busy week across London’s junior mining sector.
Bill Brodie Good, CEO & Technical Director of Alien Metals Limited (UFO.L) Interview
Alien Metals Ltd (UFO.L), update the market on the Hancock Iron Ore Project in the Pilbara region of Western Australia. Today we have Bill Brodie Good, CEO & Technical Director of Alien on the Share Talk platform updating shareholders.
Bill Brodie Good, CEO & Technical Director of Alien Metals, commented:
“At each new step the Hancock tenement is shaping up to be a significant development opportunity for Alien. We have now defined a robust DSO grade iron ore orebody at the Sirius Extension Prospect, and are pushing ahead with detailed development and study work to bring this project online as soon as is practical. We also believe that the Western Ridges Prospect provides a significant opportunity to open a second front on the potential development schedule within this outstanding tenement.”
Oriole Resources PLC, (ORR.L), announced that a maiden resource estimation for the Fare South prospect in the Senala project, Senegal, has been completed.
The Company reports that it has completed, independently of IAMGOLD, a Mineral Resource Estimate (‘MRE’) for Faré South that has delivered a maiden JORC-compliant Resource (the ‘Resource’) of 155,000 oz Au grading 1.26 g/t Au in the Inferred category, based on a 0.3 g/t Au cut off and within a US$1,800/oz pit shell.
Vast Resources PLC (VAST.L) Acquisition of Ghaghoo Diamond Mine. VAST agreed to purchase Gem Diamonds Ltd (LSE :GEMD)’s Botswana affiliate, owner of Ghaghoo, for US$4mln, or £2.9mln in cash. The acquisition of Ghaghoo, which will be conducted through a joint venture between the Company and Botswana Diamonds plc (‘BOD’), will provide Vast with a 90% interest in high quality and previously producing diamond asset benefiting from world-class infrastructure and capable of generating material revenues in the near term.
Sunrise Resources (SRES.L) Baker’s Gold Project, announced a 25% increase in gold grades from re-analysis of the reported high-grade drill samples at its Baker’s Gold Project in Western Australia when compared to those announced on 29 June 2021.
Greatland Gold PLC (GGP.L), announced that drilling has begun at Scallywag in Western Australia. The company’s main focus is on the discovery large-scale gold and copper deposits.
Establishment of Technical Advisory Committee: Callum Baxter, departing Chief Technical Officer of Greatland Gold plc, commented: “I’ve had a long association with Greatland from inception of the Company through to discovery of the world-class Havieron deposit. During this time, I have had the pleasure of working with a pool of highly talented people and looking back we have achieved so much together. I would also like to thank many loyal supporters who have enjoyed the journey of exploration and discovery with me because, without their backing, Greatland would not be where it is today. Although I am changing the work balance in my life, I am very pleased to have an ongoing connection with Greatland through the Technical Advisory Committee.”
Anglo Asian Mining PLC, (AAZ.L) copper-and-gold producer in Azerbaijan, noted its exploration progress in 2021 and stated that work is continuing as planned.
Kefi Gold and Copper (KEFI.L) has now assembled the full funding package of US$356 million estimated to be required for the development of the Company’s Tulu Kapi Gold project (“Tulu Kapi” or the “Project”) by KEFI subsidiary Tulu Kapi Gold Mines Share Company
Petra Diamonds Ltd (PDL.L), announced that it sold a 342.92 Carat White Diamond and an 18.30 Carat Blue Diamond, both from South Africa’s famous Cullinan Mine, for an initial US$13.5mln.
Anglo Pacific Group PLC, (APF.L), is a natural resource royalty and streaming company. Julian Treger stated that he would like to step down as chief executives and that the company has begun a search for a replacement.
Panthera Resources Plc (AIM: PAT), announced that the initial assay results from the recent aircore (AC) drilling programme at Bassala have confirmed the presence of significant gold mineralisation.
The company is looking to farm out the majority of its Labola Project in Burkina Faso for US$18mln in exploration expenditures. Following the farm-out, Diamond Field Resources (DFR) will own 80% of project owner Moydow, with Panthera at 20% with an option to increase the stake back up to 30% for US$7.2mln.
Jubilee Metals Group PLC, (JLP.L), has agreed to collaborate with Mopani Copper Mines PLC a subsidiary ZCCM Investment Holdings PLC to increase copper and cobalt refining capacities in Zambia.
The Agreement secures access to significantly increased refining capacity which offers Jubilee not only the potential to bring forward its stated target of 25 000 tonnes of copper units per annum but also to surpass the target by utilising the combined refining capacity on offer
Edenville Energy Plc (AIM: EDL), the AIM-quoted company operating the Rukwa Coal Project in southwest Tanzania, is pleased to provide an update regarding the Company’s Rukwa Coal Project.
The Company has previously reported, following the induction of the new President in Tanzania, there has been considerable positive sentiment in the country, which appears to be translating into business confidence and action. In addition, the increase in the steaming coal price, which has more than doubled over the past 12 months, to its current level of in excess of US$130 per tonne (August 2021 price for South African Richards Bay FOB), is bringing Rukwa production into focus, particularly from potential customers in other East African states.
Tirupati Graphite PLC, (TGR.L), a graphite developer and producer, reported that its gross profit rose 66% over the year ending March 2021. This was due to a full year’s commercial production at its Sahamamy facility, Madagascar.
Great Western Mining Corp PLC, (GWMO.L), announced that it found gold at shallow depths in multiple holes during its first exploration drilling at Rock House in Nevada, USA.
Bradda Head Holdings Ltd. (BHL.L), reported positive drilling results from Burro Creek East lithium project in Arizona. It said that this could lead to an increase of resource size and a higher confidence rating.
Alba Mineral Resrcs. (ALBA.L) successful completion of drilling operations at the Thule Black Sands Project in northern Greenland.
Thirty fences of drill holes were planned, extending from the southern tip of the licence for a distance of 8 km to the north. While 125 holes were originally planned, the field team was able to complete 249 holes. As a result, not only were the planned holes completed but additional deeper holes were also added within the 2018 fences together with some in-fill drilling in the known higher-grade portions of the licence. Depths of mineralised sand reached up to 6m in some places, with average depths of 2.2m.
Landore Resources Ltd (LND.L), said that drilling has been continuing to the east of Canada’s BAM gold deposit.
Empire Metals Ltd (EEE.L), will explore further at its Eclipse Gold project in Western Australia, after analysing three drilling programs at the deposit near Kalgoorlie.
The Company has completed three exploratory drilling programmes at Eclipse, consisting of 111 reverse circulation (‘RC’) drill holes for a total of 9,121 metres and three diamond drill holes for a total of 201 metres, over the past 12 months
Ncondezi Energy Ltd (NCCL.L), expects to sign an Engineering, Procurement and Construction contract (EPC) with China Machinery Engineering Corp. (CMEC). This will be for the 300MW Ncondezi co-fired power plant and the coal mine in Mozambique.
Thor Mining PLC (THR.ASX.L), said that initial assays from the Alford East ISR Project in South Australia indicated intercepts of copper- and gold significantly above the cut-off grades used to estimate the mineral resource.
Nicole Galloway Warland, Managing Director commented: The new geological model and drill targeting is paying off. The uplift in copper and especially gold grade, adjacent to what appears to be a controlling structure is very exciting and beyond the Directors expectations, suggesting potential for an extended zone of higher-grade copper and gold along this structure.
Shanta Gold Ltd (SHG.L), highlighted its exploration success as well as its strong financial health when it announced its results in the first half 2021.
Kodal Minerals, (KOD.L) announces the grant of Performance Share Rights and Share Options to certain directors and senior management (the “Management Incentive Awards”).
The Company’s Remuneration Committee has decided to implement a new incentive plan for management aligned with the Group’s objectives and to drive shareholder value. The Board is mindful of conserving cash while the Company is in an exploration and development phase and the Remuneration Committee considers that the Management Incentive Awards are an appropriate means of incentivising directors and senior management.
AEX Gold Inc (AEXG.L). The Greenland-focused, gold explorer has added two directors non-executive to its board. Both of these individuals have extensive mining experience.
Salt Lake Potash Ltd (SO4.ASX.L) ASX Suspension Update & Resignation of CEO. The shares have been suspended pending the finalisation of an announcement in relation its Lake Way Project funding. Trading in the Company’s securities will continue on AIM during this period.
Ncondezi Energy Ltd (NCCL.L), has raised a total amount of PS600,000. This was made possible by a placing that was backed principal shareholder Scott Fletcher.
Caerus Mineral Resources PLC, (CMRS.L), and Bezant Resources PLC, (BZT.L) have chosen the Troulli Project to be the first asset to drill under their joint venture agreement.
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