Jubilee Metals Group PLC, (AIM: JLP) stated that it had an “exceptional performance”, with underlying earnings jumping 324% in the latest financial year. Tailings processing specialist saw its revenues rise 143% from the previous year, and underlying profits rose to £52mln (from £12.3mln).
ECR Minerals Plc (AIM: ECR) It announced that its 25% stake in Cordillera Tiger Gold Resource Inc, Philippines, has been formalized after a five-year delay. Due to a court case brought by a former director, and minority shareholder of Cordillera Tigre, the issuance of the 25% stake was delayed in 2016 due to delays.
GreenRoc Mining plc (AIM: GROC) announced the full suite of assay results from its drilling and channel sampling programme undertaken at the Amitsoq Island deposit from June to August 2021. These results confirm the high-grade nature of the Amitsoq Island deposit as well as showing the graphite layers to be both thicker, and more consistent, than previously thought.
Conroy Gold and Natural Resources PLC (AIM: CGNR) shot up after it announced that an agreement was reached on the terms of the joint venture with Turkish conglomerate Demir Export.
Edenville Energy Plc (AIM: EDL) provided an update regarding the Company’s Rukwa Coal Project (“Rukwa” or the “Project”) in southwest Tanzania for the month of November 2021, as it continues to ramp up production.
Bluerock Diamonds PLC, (AIM: BRD) which owns and operates the Kareevlei Diamond Mine (‘Kareevlei’) in the Kimberley region of South Africa, announces that it sold three higher value gem-quality diamonds with a combined value of USD180,000 as part of the November tender.
Mike Houston, Executive Chairman said, “The market remains remarkably buoyant as highlighted by our November tender results, which achieved an average value of USD496 per carat; this is up on the pre-Covid prices achieved in 2019 of USD415.”
Tharisa Plc (LSE: THS) a South African-based platinum and chrome miner, experienced a strong financial recovery during the year ending September 2021. This was due to the rallying chrome and platinum markets. The production of platinum rose 11% to 157.800oz and the chrome concentrate output rose 12.7% to 1.51Mt.
Katoro Gold plc (AIM: KAT), announced that the Company has received a further request for extension from Target Mine Consulting (“TMC / Counterpart”) for delivery of the required documentation to comply with one remaining condition precedent that was due on the 30th of November 2021.
As referenced in the Company’s RNS of 27 October 2021. After due consideration, the Katoro board of directors have agreed to grant TMC a further extension until 17h00 on 03 December 2021 to comply.
Ariana Resources PLC, (AIM: AAU) announced a 240% increase in the estimated resources for Kokkinoyia Sector in the Magellan copper/gold project in Cyprus. The total inferred and indicated resources were increased to 12.3 million tonnes, with a grade of 0.31 to 2.25 copper and 0.27 to 0.57 grams per tonne of gold from multiple zones.
Empire Metals Limited, (AIM: EEE) announced that the second phase of Reverse Circulation (‘RC’) drilling has commenced at the Central Menzies Gold Project in Western Australia (‘Central Menzies’ or the ‘Project’), over which Empire holds an option to acquire a 75% interest.
Mkango Resources Ltd (AIM / TSX-V: MKA) announced that it has released the Financial Statements and Management’s Discussion and Analysis for the period ending September 30, 2021.
Hummingbird Resources PLC (LON: HUM) announced that it had suspended operations at Yanfolila, Mali’s gold producer on safety grounds due to unrest in the area. Shares in the AIM-traded company dropped as high as 20%.
Xtract Resources Plc (AIM: XTR ) reported on three further holes completed as part of the ongoing Phase 2 diamond drilling programme at the Bushranger copper-gold exploration project.
Shanta Gold Ltd (LON: SHG) stated that it has achieved further high-grade results by drilling at the Isulu, Bushiangala and Bushiangala deposits in its West Kenya project. This makes it the longest-running high-grade drilling program ever undertaken by the company.
Atlantic Lithium Ltd (LON: ALL) has announced a 47% increase of the estimated resources for its flagship Ewoyaa Project in Ghana, West Africa. The JORC-compliant mineral resources estimate for Ewoyaa was raised to 21.3 Million tonnes (Mt), at 1.31% lithium dioxide (Li2O), in the indicated or inferred categories.
Twitter Update @GreatlandGold moving along its growth journey for the world-class #Havieron #gold #copper deposit & the path to becoming cash flow positive has been defined #GGP Next stages involve defining to a full scale of mineralisation, maximising value & first production pic.twitter.com/2rtge4LNL1
— Share_Talk ™ (@Share_Talk) December 3, 2021
Power Metal Resources PLC (LON: POW) announces over limit assay results from its recently completed 2021 diamond drilling exploration programme on the Silver Peak Project (“Silver Peak” or the “Project”) located in British Columbia, Canada.
POW also announces an exploration update in respect of its wholly-owned subsidiary Golden Metal Resources Limited (“Golden Metal”), focused on Nevada, USA and which is currently seeking an independent listing on the London markets.
Alien Metals Ltd, (AIM: UFO) has created a new dedicated company to accelerate the development of the Hancock and Brockman iron mines in the Pilbara region. Iron Ore Company of Australia (IOCA), a new subsidiary, has already begun to create a Perth-based management staff.
Trident Royalties PLC, (AIM: TRR) stated that it was informed that the commissioning and preproduction activities at Lincoln Gold Mine, which it had agreed to a royalty deal with in August, are going as planned. The first gold is still on schedule for 2021.
Savannah Resources PLC, (AIM: SAV) has decided to end its Mozambique mineral sands joint venture in Mozambique with Rio Tinto. It will now concentrate on its European lithium assets. Savannah will receive US$9.5mln cash from Rio for its share in the Mutamba joint-venture. This money will be used to develop the Barroso lithium mine in Portugal.
Emmerson PLC, (AIM: EML) has begun appointing contractors for pre-construction work at the Khemisset potash plant in Morocco. This is less than a month following its initial funding of US$47mln. Barr Engineering was awarded the first contract for basic engineering in order to construct the mineral processing plant ahead of its first production in 2024.
Tirupati graphite PLC (LSE: TGR) expects to achieve commercial production from the Vatomina project in Madagascar this month. Vatomina’s first shipment and sales were made in October 2021. Commercial production is expected to begin in the current quarter. The company announced this as part of its September results.
Harvest Minerals Limited, (AIM: HMI) the AIM-listed remineraliser producer, is pleased to announce that it has entered into a binding share purchase agreement to acquire the entire issued share capital of BF Mineraço Ltda (‘BF Mineraço’) for a total consideration of US$800,000 payable in cash and new Harvest shares over a period of time (the ‘Agreement’).
BF Mineraço owns the advanced Miriri Phosphate Project (the ‘Project’) in the State of Pernambuco, Brazil, which will complement the Company’s existing Arapua Fertiliser Project (‘Arapua’) and expand its profile into the Northeast region of Brazil.
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