Bacanora Lithium plc (AIM: BCN) said Tuesday 25th January 2022 will be the last day of trading for the Company’s shares on the AIM Market, as with effect from 7.00 am (London time) on 26th January 2022 admission of the Company’s shares on AIM will be cancelled.
Could it be that the ground Kavango Resources (LSE: KAV) holds at the Kalahari Suture Zone (“KSZ”) contains not one but two discrete major mineralized zones?
Alien Metals Ltd (LSE AIM: UFO) update the market on the Binding Heads of Agreement with ASX listed Platina Resources Limited (ACN 119 007 939)(ASX: PGM) (‘Platina’) to conditionally acquire Platina’s 30% joint venture interest in the Munni Munni Platinum Group Metals and Gold Project in the West Pilbara, Western Australia (‘Munni Munni Project’) as per the 24 November 2021 announcement.
The Company notes that all internal Due Diligence has been completed to the satisfaction of the Company and hence the regulatory approvals are the outstanding consents to be in a position to complete the Agreement.
Oracle Power PLC (AIM: ORCP) updated the market with the following statement from its CEO, Naheed Memon, with respect to developments during Q4 2021:
To read the remainder of the CEO statement please see: http://www.oraclepower.co.uk/investor-relations/regulatory-news/
CEO Naheed Memon will also provide a shareholder Q&A. Further details will be made available on the company’s website on 25 January.
Critical Metals PLC (AIM: CRTM) announced that the Company’s Annual General Meeting (‘AGM”) will be held at 4:00 p.m. on 27 January 2022 at the offices of Hill Dickinson LLP, The Broadgate Tower, 20 Primrose Street, London, EC2A 2EW.
The Company’s Notice of AGM and Forms of Proxy will be dispatched to shareholders shortly and will be available on the website at www.criticalmetals.co.uk
BlueRock Diamonds PLC (BRD: AIM) provided its Q4 2021 and FY 2021 production update. The diamond producer reported a steep rise in production, revenues and grades increase significantly and a 41% increase in carats sold during FY’21 and the final quarter. The diamond market has remained buoyant throughout the year with prices returning to levels above those of 2019, resulting in revenue more than doubling in 2021 versus 2020.
Kavango Resources plc (LSE: KAV) announced the completion of a ground gravity survey over the Great Red Spot, in Target Area B of the Company’s Kalahari Suture Zone (“KSZ”) project.
Ben Turney, Chief Executive Officer of Kavango Resources, commented:
“While it is too early to start drawing definitive conclusions, we are keen to pursue the possibility that the Great Red Spot could host stacked mineralised systems.
Although this is a relatively new geological theory for Kavango, it is interesting that it builds on our existing work. The younger, shallower Karoo gabbros over the Great Red Spot remain our primary focus, but we are increasingly aware of the potential for the deeper, much older Proterozoic gabbros to host an entirely separate system.
Traders Cafe with Zak Mir: Eurasia’s (LON: EUA) Great Transformation
While it may be the case that the EUA maniacs are just focused on M&A, the emphasis in my coverage of the company is to focus on the here and now of what it has under the bonnet. As stated previously, while the doubters of the PGM play have focused on sale delay and what they allege the company is actually sitting on in terms of assets, the past 18 months have seen the company stuff itself full of significant and highly valuable.
Tirupati Graphite plc (LON: TGR), the specialist graphite and graphene company developing sustainable new age materials announced a technological milestone that will significantly improve the performance of the Company’s primary graphite and downstream specialty graphite production processes.
After concluding successful trials of the Column Flotation System (“CFS”), Tirupati will be shipping the first commercial-scale CFS with a 1.5 MT per hour capacity, for installation and operation at its 9,000 tpa Vatomina graphite production plant in Madagascar.
African Pioneer plc (AIM: AFP), Entered into an option agreement with First Quantum Minerals Ltd (“First Quantum”) (listed on the Toronto Stock Exchange FM.TO) in relation to 4 of the 5 Zambian exploration licences held by African Pioneer Zambia.
The four exploration licences the subject of the Option Agreement are in the highly prospective Central Africa Copperbelt in northwest Zambia which is the largest and most prolific mineralized sediment-hosted copper province in the world and are located less than 100km from First Quantum’s giant Sentinel copper mine.
Caracal Gold plc (LSE: GCAT) released a new corporate presentation for Q1 2022, which is available on its website: www.caracalgold.com.
Xtract Resources Plc (AIM: XTR) updated on the second drill hole (BDDD-21-035), drilled into the newly discovered Ascot Prospect, on the Bushranger porphyry copper-gold project in New South Wales Australia.
Has delivered a significant intersection of copper and gold confirming Ascot as a high potential discovery. Drilling is ongoing to define the extents of the Ascot intrusion and to better understand the distribution of copper and gold mineralisation.
Colin Bird, Executive Chairman said: “Drill hole BRDD-21-035 is the first hole to follow up drill hole BRDD-21-033, which was the discovery hole at Ascot, and has delivered one of the widest and highest-grade copper-gold intersections on the Bushranger Project.
Bens Creek Group plc (AIM:BEN), on 17 January 2022, entered into a contract to purchase a Superior high wall miner and related highwall mining equipment for use at the Bens Creek mine, ahead of the Group’s preliminary date of deployment in the second quarter of 2022.
The purchase price of the second highwall miner and related equipment is US$2,500,000 with $100,000 being payable on signing of the agreement and the balance to be paid within 30 days. The purchase price of the highwall miner is being funded from the Group’s available cash resources.
The Board of 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 31 December 2021
Colin Bird, Executive Chairman said: “The quarter ended 31 December 2021, was the best period for production since we commenced gold mining at Manica, with production performance well surpassing previous quarters despite any lost time due to rain. The development at Guy Fawkes continued with the objective of exploring veins revealed by surface drilling. Construction work for the Fair Bride project advanced satisfactorily and we are very pleased with the engineering standards employed on the build. The contribution of Fair Bride, ongoing Mozambican production and Zambian operations progressing favorably, leads us to be optimistic for production during 2022.”
Kavango Resources plc (LSE: KAV), said the recommencement of drill operations on Hole KSZDD002.
On Friday 14 January, Mindea Exploration and Drilling Pty (“Mindea”) mobilised the rig and drill team back to site. Over the weekend the team successfully removed the HQ casing that was left in the hole prior to Christmas to keep KSZDD002 open. Drilling is scheduled to commence during today’s day shift. Operations will then continue on double shifts until completion.
KSZDD002 has been designed to intercept the B1 Conductor, a geophysical anomaly that the Company believes is a prospective target for possible massive sulphide nickel or copper mineralisation.
