Last year, the Alternative Investment Market (AIM), had its best year since 2007. Companies listed on AIM in 2021 raised nearly £10bn, with 852 companies being listed at year-end.
ECR Minerals PLC (AIM: ECR) stated that it will continue exploration at Creswick in Victoria, after receiving the latest drilling results. The last remaining samples of the diamond drilling program were found to contain anomalous gold. This was at the end of 2021.
The search for a CEO continues, some early candidates have been identified and the interviewing process is underway.
Mila Resources Plc (LSE: MILA) has confirmed that the project team have mobilised on-site and final preparations are now near complete as it prepares to recommence drilling at its Kathleen Valley Gold Project in Western Australia. Initial drilling has identified consistent, high-grade mineralisation with multiple +10g/t Au & Ag grades, which Mila is now looking to build upon to increase the current 21,000oz resource, deemed the “tip of the iceberg”. “We have so far only drilled circa 1,750m and we have identified consistent and exceptionally high-grade mineralisation, so we are incredibly excited to resume on-site activity and see what a further ~11,000m worth of drilling will generate,” said CEO Mark Stephenson.
Galileo Resources (AIM: GLR) Glenover Assets Sale and Star Zinc Update. The Company has received ZAR50.7M (approx. £2.4M) from the Glenover Unconditional Asset Sale (including the amount due through the Company’s indirect holding via Galagen Proprietary Limited).
The Company has received royalties due to it under the Star Zinc sale agreement of US$118K (approx. £86K) from the 1st three shipments and is due to a further US$460K (approx. £335K) from shipments which are subject to final weights and assays.
Anglesey Mining PLC (LSE: AYM) announced that it will be moving its London listing from London Stock Exchange’s main markets to AIM.
This comes at a time when the company is moving forward with the Parys Mountain mining project in North Wales.
Oracle Power PLC (AIM: ORCP) announced that the maiden drill programme is underway at its 100% owned Jundee East Gold Project in Western Australia. The reverse circulation programme is expected to take 4-5 weeks to complete with results expected 6-8 weeks thereafter and is focused on five target areas as identified in Oracle’s 2021 geochemical sampling campaign. The project has strong indications of a previously unrecognised greenstone belt and the drill programme aims to confirm its presence.
Xtract Resources Plc (AIM: XTR) advised that independent laboratory assays have been received from drill hole BRDD-21-020 completed on the Phase 2 diamond drilling programme at the Bushranger copper-gold exploration project. The results indicate a good correlation to the mineralisation intersected in drill hole BRDD-21-018 (see announcement dated 19 January 2022) both down-plunge and along-strike to the NW.
Alba Mineral Resources plc (AIM: ALBA) has released a new corporate presentation which is available on its website: www.albamineralresources.com
Chief Executive, Robbie McCrae & Jason Brewer Commercial Director of Caracal Gold (LON: GCAT) Interview
Caracal Gold plc (LSE: GCAT) provided an impressive progress update on its Q4 operations in East Africa – specifically at its producing Kilimapesa Gold Mining and Processing Operations in Kenya where it is accelerating its development plan and its recently acquired Nyakafuru and Simba advanced gold projects in Tanzania. Caracal also announced a major new addition to the company’s Board, with the appointment of Rachel Johnston as a Non-Executive Director, effective 1 March 2022.
Empire Metals Limited (AIM: EEE) announced the commencement of a strategic phase of exploratory drilling at the Eclipse Gold Project in Australia, in conjunction with an initial drilling campaign at its Gindalbie Gold Project. This significantly larger, newly combined Eclipse-Gindalbie project area provides Empire with an exciting, advanced-gold exploration opportunity. As a result, it has decided not to take up the option over the Central Menzies Gold Project, in order to focus its activities on the more promising Eclipse and Gindalbie Projects.
Sovereign Metals Ltd (ASX: SVM; AIM: SVML) Former Rio Tinto Executive Joins Board. Leading international mining executive, Mr Nigel Jones, appointed as Non-Executive Director of Sovereign Metals and Chairman of the ESG Committee.
Mr Jones has over 30 years of mining industry experience with 22 years in a number of senior roles at Rio Tinto Group. Most recently, Mr Jones was Managing Director of Rio Tinto’s Simandou iron ore project, one of the world’s largest proposed mining development.
Firering Strategic Minerals (AIM: FRG) announced that further mapping on and around the Spodumene Hill deposit at its flagship Atex Project in Côte d’Ivoire has identified additional pegmatite outcrops as well as more lithium-bearing pegmatite float, allowing for the fast-tracking of a diamond drilling programme in Q2. Read the full report here: https://bit.ly/3BeBWk5
Alien Metals Limited (AIM: UFO) Drilling of key Mexican silver assets to commence its high-grade silver and copper-gold projects in Zacatecas, Mexico. Drilling at the San Celso and Los Campos Silver Projects will target the mineralised vein systems previously exploited for their high-grade silver, where head-grades in excess of 1,000 g/tsilver were historically reported.
Bill Brodie Good, CEO & Technical Director of Alien Metals, commented: “We are extremely pleased to have all the statutory and local permits now in place for our three Mexico projects. The in-country team has worked tirelessly in very difficult conditions to get to this point. Subsequently, we are very excited to commence the drilling programmes as soon as possible. I hope to be on site to witness the first drill hole and work with the local team to support a successful programme.
Oriole Resources PLC (AIM: ORR) Phase 3 Diamond Drilling Delivers Bonanza Grades at Bibemi, Cameroon. Results received for Phase 3 diamond drilling completed for 1,385.40m in nine holes at Bakassi Zone 1. Selective sampling has delivered significant intersections (based on a 0.3 g/t Au cut-off) in seven of the holes.
Oriole Resources CEO, Tim Livesey, said: The Phase 3 infill and extension drilling has again delivered multiple gold intersections at the Bakassi Zone 1 target, confirming our ideas on the prospectivity of the area. This programme has given us additional geological, structural and mineralisation data with which we move closer to the definition of an ‘Exploration Target’, under JORC rules.
Iron ore prices soared to $150 per tonne, as there was a rise in expectations for increased infrastructure to ease China’s economic slowdown. Increasing construction activity leads to higher steel production, which raises iron ore demand and increases greenhouse gas emissions.
Jubilee Metals Group (AIM: JLP) Six Month Operations Update – H2 2021to 31 December 2021 (“H2 CY2021”). Jubilee successfully recommissioned on-time and in-budget the significantly upgraded and fully integrated new Inyoni PGM1 processing facility in South Africa in November 2021
·The £ 17.5 million (ZAR 377 million) 2 investment program enables the new integrated facility to produce up to 44 000 PGM ounces (previously 30 000 PGM ounces) and 615 000 tonnes of additional chrome concentrate per annum (complete rebuild of old Hernic chrome plant).
Power Metal Resources PLC (LON: POW) updated on its Reitenbach Uranium Property (“Reitenbach” or the “Property”), which is part of the larger uranium portfolio which includes seven 100% owned interests (Table 1) covering an area of 417.24 km2 (41,724 hectares), surrounding the Athabasca Basin in northern Saskatchewan, Canada.
Eurasia Mining Plc (LON: EUA), the palladium, platinum, rhodium, iridium and gold producing company is pleased to announce the reserves and resources breakdown by metals for the Monchetundra Project (Loipishnune and West Nittis deposits), the NKT area, and the projects included in the agreement with Rosgeo.
Christian Schaffalitzky, Executive Chairman commented: “The Directors are pleased to update shareholders on our reserves and resources, as we continue to make good progress further to the RNS of 28 October 2021 in relation to the potential sale for which a separate update will be provided”.
Premier African Minerals Limited (AIM: PREM), provided interim updates on progress at Premier’s Zulu Lithium and Tantalum Project.
Bezant (AIM: BZT) announced the successful completion of an all-parties technical visit to review the Hope and Gorob Project in Namibia leading to consensus on the best way to optimise project development and more specifically the lodging of a Mining Licence application.
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