Share Talk Weekly Mining Sector News Round-Up, 17th October 2021

Orosur Mining Inc (OMI.TSX.L) Q1 2022 Results, Transfer of TSX listing to TSXV. The Company expects a seamless transition, delisting from TSX at market close on Friday 29th October 2021 to listing on the TSX Venture Exchange at market opening on Monday 1st November 2021.

The Company’s Common Shares will continue to trade under the symbol “OMI”. Shareholder approval for the delisting from the TSX is not required since the Company will have its Common Shares listed on the TSXV.

Cadence Minerals PLC (KDNC.L) Bank Credit Committee Approval for Amapa Project & Video Update

Oracle Power PLC (AIM:ORCP) announced that it has signed a non-exclusive co-operation agreement with PowerChina International Group Ltd with the objective of jointly developing a green hydrogen production facility in Pakistan. Green hydrogen is key to a carbon free future and is an increasingly competitive fuel source across various industries. This would represent the first facility of its kind in Pakistan and PowerChina is advancing a technical pre-feasibility study, scheduled to be completed in Q4 2021. This would be a high value and exciting addition to Oracle’s portfolio.  

Oracle also announced that the first phase of Reverse Circulation drilling has been successfully completed at the Northern Zone Gold Project, located 25km east of Kalgoorlie in Western Australia. 1,161 samples have been sent for analysis, building upon the geophysical analysis completed earlier this year which pointed to a new gold zone.

Metal Tiger PLC (AIM,MTR) announced that five out of 11 holes at the Botswana Kalahari Copper Belt returned significant sulphide intersections.

Tirupati Graphite PLC (LSE: TGR) has received clearance of its 211 application from the Financial Industry Regulatory Authority ahead of the cross listing of its Ordinary Shares for trading on OTCQX Markets under the ticker TGRHF. The Company will confirm the start of trading as soon as the OTCQX on-boarding process is completed.

Thor Mining PLC (THR.ASX.L) Ragged Range Project, WA – 3,000m RC Drilling Program commences maiden drilling program at the Company’s 100% owned Ragged Range Project, located in Eastern Pilbara, Western Australia.

Power Metal (AIM:POW) New Copper Anomalies Identified – Garfield Property, Nevada. Positive Findings from Satellite Imagery Analysed over Garfield Property; Additional Claims Staked to Cover New Target Areas.

Paul Johnson, Chief Executive Officer of Power Metal Resources plc, commented:

“Power Metal is grateful to Dr Pendock for his work which has led to the identification of prospective copper anomalies at our 100%-owned Garfield Property

This has been achieved by deploying the latest satellite imagery analysis techniques, undertaken at reasonable cost and is a material outcome from initial exploration work.

Ariana Resources PLC (AIM:AAU) report that, further to the announcement released on 2 September 2021 regarding the submission of its final Environmental Impact Assessment (“EIA”) report for the Tavsan Mine (“Tavsan” or “the Project”) in Western Turkey.

The Ministry of Environment and Urban Planning has now formally provided its approval of the EIA. Tavsan is part of Zenit Madencilik San. ve Tic. A.S. (“Zenit”) and is 23.5% owned by Ariana.

Kodal Minerals PLC (AIM:KOD) announced that high-grade gold mineralisation has been returned from the re-split sampling for the reverse circulation drilling at the Nielle Project located in Cote d’Ivoire. Re-split sampling completed to confirm characteristics of gold mineralised zones returns shallow, high-grade gold mineralisation with grades up to 38.5g/t gold. This is highly encouraging and drilling will re-commence to extend the depth of the gold mineralised structures once access to the area is available again.

Furthermore, Kodal received a minor update to the progress of the mining licence application for the Bougouni Lithium project with the licence in the office of the prime minister awaiting final signature.



Greatland Gold PLC (AIM:GGP) could be the second-lowest-cost gold company in the world, according to the parameters of a recently released pre-feasibility report. According to the parameters of a pre-feasibility study, the South-East Crescent Zone’s first 14mln-tonnes of gold could be the second-lowest-cost company in the world.

Xtract Resources plc (AIM:XTR) announces the preliminary unaudited results for all alluvial and hard rock mining contractors for the Manica Concession for the three-month period ended 30 September 2021.

Colin Bird, Executive Chairman said: “The quarter ended 30 September 2021, was the third-best period for production since we commenced alluvial mining at Manica and production in September 2021 was 46% higher any other previous month. Our policy is to have a number of sites operated by different contractors and continue on this basis into 2022. The Fair Bride and Guy Fawkes hard rock projects are both advancing satisfactorily, and we look forward to increased production from Guy Fawkes in the final quarter and initial production from Fair Bride towards the end the of 2021.”

GreenRoc Mining Plc (AIM: GROC)  report on the recently completed management site visit by two of its directors to the Amitsoq Graphite Project in Southern Greenland. Drill pad locations were confirmed for the next drilling campaign following completion of a maiden drilling programme in August 2021, which confirmed the existence of two significant and laterally continuous graphite horizons.

At the Kalaaq deposit, the average grade of graphite from channel sampling is 25.6%. The company is now creating a drilling plan with the objective of declaring a maiden resource at the deposit following these excellent grades.

Alien Metals Ltd (LSE AIM:UFO) update the market on the Hancock Iron Ore Project in the Pilbara region of Western Australia further to the publication of its maiden inferred resource on the 22nd September 2021.

Further to the maiden JORC compliant inferred resource of 10.4Mt @ 60.4% Fe (including 7.8Mt @ 60.1% Fe at the Sirius Extension target and 2.6Mt @ 61.5% Fe at the Ridges targets), the Company engaged Mining Plus to carry out a follow up Scoping Study on the Hancock Iron Ore Project.

Greatland Gold PLC (GGP.L) Stage 1 Pre-Feasibility Study, Presentation & Video

Alba Mineral Resources plc (AIM: ALBA) released an update on its ongoing work activities at the Cloagau-St David’s Gold Mine in North Wales. Additional potential for gold mineralisation at and around the mine was revealed by multi-element prospectivity modelling of Alba’s 2019 soil sampling programme. Alba continues to make significant progress at the mine as it builds upon its understanding of the potential extent of near-mine gold mineralisation through further in-depth exploration, having identified six high priority targets already.  

Alba is also pleased to confirm the report on the dewatering of the Llechfraith Shaft, which consists of more than 70 pages, has been submitted to NRW and looks forward to updating the market on further material developments in the permitting process.

Rio Tinto PLC (LSE:RIO) has reduced its full-year production guidance due to difficulties at its Pilbara operations. The FTSE 100 mining company now anticipates Pilbara shipments to be between 320mln- 325mln tons this year. Previously, the company had provided a range of 325-340mln tons.

BlueRock Diamonds PLC (AIM:BRD) announced its Q3 2021 production update. 7,682 carats have been produced over the period, representing another record quarter driven by quality high-grade kimberlite being mined and the new crushing plant at its flagship Kareevlei Diamond Mine. The transition to the new four-pan plant is due to be completed in October.

Bluerock also received an update on the Expansion Project and Mining Development with the year-to-date development tonnage at 997kt, which is 69% up on the 2020 figure.

Bluerock’s processing plant has also seen some improvements with an upgraded screen having been fitted on the new crushing circuit, and the first line is now operational. The overall plant is expected to be fully operational in early November.

Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe or follow SHARE TALK on our Twitter page for future updates. Terms of Website Use All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

Weekly Newsletter

Sign up to receive exclusive stock market content in your inbox, once a week.

We don’t spam! Read our privacy policy for more info.

Tags: , , , , , , , , , , , , , ,