Share Talk Weekly Mining Sector News – 3rd July 2021

Here are the Share Talk Weekly Mining Sector News updates and interviews. 

Amur Minerals Corp (LON:AMC) has announced a 12% increase in the JORC resource estimate for its Kun-Mani sulfide-nickel-copper project in the Russian Far East. Total ore tonnage increased by 19.2 million tonnes (Mt) to 174.3 Mt,

Red Rock Resources Plc (LON:RRR) has announced that a drilling contract has been entered into with Base Drilling and Mining Services Co. Ltd for a reverse circulation (“RC”) drill programme at the Mikei Gold Project (“MGP” or the “Project”) in Kenya. Drilling programme has begun today to take the first step towards delineating a resource on the Luanshimba copper-cobalt project in the Haut-Katanga Province of the Democratic Republic of Congo.

Ariana Resources PLC (LON:AAU) has announced positive drill results from the northern section of the Kiziltepe gold and silver mine in western Turkey.

Oriole Resources PLC (LON:ORR) has announced the first results from the Assaleita Phase 2 exploration program in Djibouti. The best results from reverse circulation drilling include 16 metres grading 1.08 grams per tonne over 12 metres.

Bushveld Minerals Limited (LON:BMN) produced a record amount of vanadium in 2020, with the Vanchem business acquired contributing during the year.

Cornish Metals Inc. (LON:CUSN, TSX-V:CUSN) has announced that it has reached an agreement to restructure deferred payments to the vendors of the South Crofty tin project and associated mineral rights.

Kavango Resources PLC (LON:KAV) has announced that geological studies at its Ditau rare earth project in Botswana have identified seven targets, three of which will be drillable. Each target includes a possible carbonatite intrusive body at 300m depth and is within reach of reverse circulation (RC) drilling.

ECR Minerals PLC (LON:ECR) has announced a “very significant development” following the completion of ongoing drilling programs at its Victoria gold mine in Australia. Results from exploration activity in Victoria included immediate success at the first drill hole at Creswick, intersecting 1m @ 9.68 g/t and confirming high gold anomalies (up to 3.75 g/t Au) along with spatially associated antimony which is thought to be from the mineral stibnite which forms a close association with gold mineralisation.

AEX Gold Inc. (LON:AEXG, TSXV:AEX) has announced that it has filed a new exploration application.

IronRidge Resources Ltd. (LON:IRR) has announced that Nasdaq-listed lithium exploration and development company Piedmont Lithium Inc. has agreed to fully fund and accelerate the $102 million Ewoyaa lithium project in Ghana.

Under the agreement, Piedmont can acquire 50% of IronRidge’s Cape Coast Lithium Portfolio (CCLP), which includes the Ewoyaa project, in three phases. Piedmont will subscribe for 54.0 million IronRidge shares at 20 pence per share for a total value of £10.8 million ($15 million), giving it a 9.5% interest in IronRidge.

Vision Blue, an investment company led by mining magnate Mick Davis, has invested a further $7 million in Ferro Alloy Resources Ltd (LON:FAR) through a subscription and note issue. This investment brings the total investment by Vision Blue and its co-investors in Ferro Alloy to $10.1 million.

Shanta Gold Ltd (LON:SHG) has announced results from a high-grade gold drilling program at its Western Kenya Phase 1 project. Visible gold was encountered in four separate intercepts in 15 holes drilled during the April and May 2021 drilling program on the Isulu and Bushiangala properties.

Rio Tinto PLC (LON:RIO) said all mining and smelting operations at Richards Bay Minerals (RBM) in South Africa have been suspended until further notice. The FTSE 100 company has declared force majeure on customer contracts due to escalating operational security.

BlueRock Diamonds PLC (LON:BRD) has announced that it expects to soon complete an expansion project at its Kareevlei diamond mine in South Africa. The company expects to reach full capacity in August, which would allow it to meet its full-year production forecast of 750,000 to 850,000 tons, producing between 30,000 and 39,000 carats.

Sunrise Resources PLC (LON:SRES) has received high-grade gold assay results from a recently completed drilling program at its Bakers project in the Micatharra zone of the Murchison gold deposit in Western Australia.

Caerus Mineral Resources Plc (LON:CMRS) said it has agreed to buy Cyprus Gold Mines Ltd (CGML), a private exploration and mining company, for £300,000.

Thor Mining PLC (LON:THR, ASX:THR) is positive with preliminary drilling results from its Alford East copper-gold project in South Australia. Whilst preliminary and indicative only, drilling to date validates the current geological model and structural controls on mineralisation. Core is currently being cut ready for sample submission to laboratory for analytical analysis.

Strategic Minerals PLC (LON:SML) said it expects to break even in 2020 on the back of revenue growth at its Copper plant in New Mexico, USA.

Great Western Mining Corp PLC (LON:GWMO) has announced the completion of the first phase of its gold and silver drilling program at the Rock House Group deposit in Mineral County, Nevada.

Castillo Copper Ltd (ASX:CCZ) (LON:CCZ) (FRA:7OR) is about to commence a comprehensive induced polarization (IP) study at its key Luanshya and Mkushi projects in the Zambian Copper Belt.

Scotgold Resources Limited (LON:SGZ) said it has discovered higher grade zones at its Cononish gold-silver project in Scotland ahead of schedule. In recent weeks, the AIM-quoted company has accessed ore of up to 40 grams per tonne (g/t) in an area where it plans to continue mining for two months, with grades expected to exceed 10 g/t.

Trident Royalties PLC (LON:TRR) said it has entered into a $10 million secured loan agreement with a syndicate managed by Tribeca Investment Partners, including CNL Sprott Strategic Asset Fund and Paul Smith, chairman of the company.

Licensed in the Cobberminebugt region of southern Greenland, covering an area of approximately 266 km2. The area hosts numerous copper and gold deposits, including the small, old Josva copper mine.

Xtract Resources plc (LON:XTR) announces the preliminary unaudited results for alluvial mining contractors for the Manica Concession for the three-month period ended 31 March 2021 (the “Period”).

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