Greatland Gold PLC ( AIM:GGP), announced that its Juri joint venture will move to Stage 2 and Newcrest Mining Ltd could increase their total investment from A$3mln up to A$20mln. This would mark a significant expansion in the exploration programme after a successful initial 2021 drilling campaign.
Kavango Resources plc (LSE:KAV), announced an update on the Company’s Ditau Project (“Ditau”), searching for Rare Earth Elements (“REEs”) and base metals. Ditau is held in a 50/50 Joint Venture with Power Metal Resources plc (AIM:POW) Kavango is the operator.
Cora Gold Limited (AIM:CORA) has released the thirteenth and final set of drill results from its largest ever +40,000m drill campaign at its flagship Sanankoro Gold Project in Southern Mali. The drill results have continued to be extremely encouraging throughout the campaign with high-grade results in generally shallow oxide ore. An updated mineral resource estimate is expected in the coming weeks after the final set of drill results have been published. The final set of samples has included some of the best drill hole results to date.
Trident Royalties Plc (AIM:TRR) noted the announcement made on the 18 October 2021 by Apollo Consolidated Ltd.and ASX listed Ramelius Resources relating to the proposed acquisition of Apollo by Ramelius. Trident holds a 1.5% NSR gold royalty over Apollo’s flagship Lake Rebecca Gold Project in Western Australia. Ramelius views Lake Rebecca as a potential cornerstone asset and has indicated its intent to identify a pathway to a mine life of 10 years at a run rate of at least 100,000 ounces per annum, which is in excess of Trident’s original economic assessment. Apollo and Ramelius have entered into a Bid Implementation Agreement, pursuant to which Ramelius will offer to acquire all the issued ordinary shares of Apollo by way of an off-market takeover offer. The offer has been unanimously recommended by the Board of Directors of Apollo.
W Resources PLC (AIM:WRES) reported record tungsten production, recovery rates and grades in the third quarter of the La Parrilla mine in Spain. expects even greater output in the fourth quarter.
Colin Bird, Executive Chairman presents Xtract Resources (AIM:XTR) Investors Evening Video
Kibo Energy PLC (AIM: KIBO), the multi-asset energy development company, noted that its 55% subsidiary, MAST Energy Developments PLC, announced that Close Leasing Ltd, a subsidiary of Close Brothers Group plc, has offered facilities to MED to fund the development and construction of the Company’s two owned Reserve Power projects currently in development, Bordesley and Rochdale.
Critical Metals Plc (AIM: CRTM) has provided an update on its proposed acquisition, as announced on 20 May 2021. Critical Metals is seeking to acquire a majority stake in Mauritius-incorporated Madini Occidental Ltd, which will, on completion of the acquisition, have an indirect 70% beneficial interest in a ‘Small Scale Mining License’ PEPM 14784, in the Democratic Republic of Congo. Molulu is a copper/cobalt project located on the Katangan Copperbelt, adjacent to several medium and large-scale producers.
BHP Group PLC (LON:BHP), increased its cash offer to Noront Resources Ltd, beating a bid by Andrew Forrest’s Wyloo Metals Pty Ltd in Australia and winning support from Noront.
TPI provides its latest research note on Ironveld plc (AIM:IRON)
Contango Holdings Plc (LSE:CGO), has received the results from a set of sample analyses conducted by Bureau Veritas of South Africa. The analyses assessed a variety of metrics and properties derived from 49 samples extracted from the 1A Lower and MSU metallurgical seams at the Lubu Coal Project, including ash, sulphur and phosphorous contents, as well as yield and calorific values. The results have exceeded the Company’s expectations and also confirm the viability of Lubu’s metallurgical coal in the production of coke, the key reactant and fuel in primary steelmaking.
Bezant Ressources PLC (AIM:BZT) has raised £1.2mln in order to finance exploration across its assets in Africa, Europe and Asia. The shares were sold at 0.13p each with proceeds going to Botswana, Cyprus, and Namibia.
Alien Metals Ltd (AIM:UFO) update the market on the Hancock Iron Ore Project Scoping Study delivers a compelling development case for the Hancock Iron Ore Project.
Bill Brodie Good, CEO & Technical Director of Alien Metals, commented:
“We could not be more pleased with progress on the Hancock Iron Ore Project to date. Having delivered a meaningful resource so quickly, and to follow up with a very compelling mine development scenario from the independent Scoping Study, we are now working aggressively in the development, mining and permitting arena to keep the momentum up and get this project into production within a very short timeframe.
“We are really fortunate to have Lloyd Edmunds join the team and retain Mining Plus for the development phase. With Lloyd’s background in project delivery at Australia’s number 3 iron ore miner, Fortescue Metals Group (“FMG”), he is a key appointment for Alien Metals.”
Trident Royalties Plc (AIM:TRR) noted the announcement made on the 18 October 2021 by Apollo Consolidated Ltd.and ASX listed Ramelius Resources relating to the proposed acquisition of Apollo by Ramelius. Trident holds a 1.5% NSR gold royalty over Apollo’s flagship Lake Rebecca Gold Project in Western Australia. Ramelius views Lake Rebecca as a potential cornerstone asset and has indicated its intent to identify a pathway to a mine life of 10 years at a run rate of at least 100,000 ounces per annum, which is in excess of Trident’s original economic assessment. Apollo and Ramelius have entered into a Bid Implementation Agreement, pursuant to which Ramelius will offer to acquire all the issued ordinary shares of Apollo by way of an off-market takeover offer. The offer has been unanimously recommended by the Board of Directors of Apollo.
Xtract Resources plc (AIM:XTR) Bushranger Project Assay Results, advise that independent laboratory assays have been received from the third drill hole (BRDD-21-009) completed on the Phase 2 diamond drilling programme at the Racecourse Mineral Resource on the Bushranger copper-gold exploration project.
Landore Resources (AIM:LND) BAM Drilling Update & Battery Metals Review, report on the current BAM Gold Deposit drill programme together with a review of the Battery Metals occurrences on its highly prospective Junior Lake Property, Ontario, Canada.
TPI provides its latest research note on Alien Metals Limited (AIM:UFO)
Phoenix Copper Ltd (AIM:PXC; OTCQX: PXCLF), announced that the relevant documents have been filed with the US regulatory authorities in order to establish its American Depositary Receipts (“ADR”) Program over the Company’s shares (the “Program”).
The Program is expected to be effective from 1 November 2021 and the ADRs are expected to commence trading on New York’s OTCQX Market on or soon after that date.
Salt Lake Potash Ltd (SO4.ASX.AIM) The Company has continued to work towards the finalisation of a fundraising that would be necessary to continue operations. However, in light of the uncertainty that the fundraising will be concluded successfully, the Company has requested a suspension of trading in its securities on AIM with effect from 07.30 today, 19 October 2021 and further announcements will be made as appropriate.
Greatland Gold PLC (AIM:GGP) Winner of 2021 Commodity Discovery Award
Thor Mining PLC (THR.ASX.AIM) Hydrogeology Results, Alford East Copper-Gold ISR Project, South Australia.
Nicole Galloway Warland, Managing Director of Thor Mining, commented:
“Pump testing of our initial water bore has shown favourable water characterisation and permeability for potential In Situ copper-gold recovery at our Alford East Project. This is positive news as we progress the project towards ISR assessment and development of an environmentally, low carbon emission alternative to conventional open cut and underground mining.”
Oracle Power PLC (AIM:ORCP) Green hydrogen plant to be built in Sindh, Pakistan
Oracle Power PLC (AIM:ORCP) provide the following update statement from its CEO, Naheed Memon, with respect to developments during Q3 2021: Our objective over the past year has been to create scale and diversification in our portfolio, to establish Oracle as a significant new competitor on the international power and resources stage. I am delighted to report that recent developments have propelled this process forward and Oracle now has multiple high growth divisions and prospects, with the support and cooperation of two state-owned Chinese enterprises and a highly supportive strategic shareholder. Oracle is pursuing power generation in Pakistan and is working to prove up two highly prospective gold properties in Western Australia, creating a group of assets and interests that can generate significant returns for our investors.
Asiamet Res Ltd (AIM:ARS) announce results from an additional two drill holes recently completed as part of the Company’s 2021 Resource extension drilling program at its 100% owned KSK Contract of Work (KSK CoW) located in Central Kalimantan, Indonesia.
Nine holes (1,920.7 metres) of a planned 3,000 metre program have been completed to date with assay results pending for a further four holes. High grade Zn-Pb-Cu-Ag-Au mineralisation has been intersected in all five drill holes assayed to date, confirming significant extensions to the existing BKZ JORC Resource.
Power Metal (AIM:POW) Completion of Sale of Schreiber-Hemlo Interests for £1 million. Completes the Transaction to sell its 100% owned Schreiber-Hemlo Interests to First Class Metals Ltd which is planning to list in London in Q4 2021
Paul Johnson, Chief Executive Officer of Power Metal Resources plc commented:
“Completion of this transaction sees Power Metal hold a significant interest in FCM, and we look forward to FCM’s progress with exploration and corporate activities in the weeks and months ahead.
Notably we look forward to the planned listing of FCM on the London capital markets and the value generative opportunity this could present for Power Metal.
This is the first completed corporate disposal/spin-out event for the Company, with a number of other potential spin-out transactions currently in progress.
