George Roach, the CEO of Premier African Minerals, provided a walkthrough and operational update from their Zulu site. Here’s a summary of the key points covered in the video
https://twitter.com/Share_Talk/status/1787139145195737103
Oriole Resources PLC (AIM: ORR) announced the departure of its long-serving chief executive, Tim Livesey, yesterday, citing his desire to pursue other business ventures.
Martin Rosser assumes the role of CEO with immediate effect, although Livesey will remain an employee until the end of May to facilitate a smooth transition.
Trident Royalties PLC (AIM: TRR, OTCQX: TDTRF) turned a profit in 2023 thanks to a significant gain from the sale of its Australian gold royalty portfolio, funds which have already been reinvested.
The profit for the year ending December 2023 amounted to US$3.8 million (compared to a loss of US$4.6 million), with annual royalty income climbing to US$9.5 million (up from US$7.85 million).
Gordon Brown’s legacy may not solely hinge on his decision to sell the UK’s gold stocks between 1999 and 2002, yet even 25 years later, he remains associated with calling the market bottom.
For those unfamiliar or absent during that period, the then Chancellor reasoned that since gold lacked intrinsic value, the UK could allocate its funds more effectively elsewhere.
Fulcrum Metals: assets to assess: There are a few ways to split Fulcrum’s asset base — but to make things easier for those new to the company, I am splitting them into three distinct groups:
- Athabasca, Saskatchewan assets
- Ontario-based initial assets
- Ontario-based tailings assets
It’s best to think of these as separate strands, or strings to the bow — Read more HERE
https://twitter.com/Share_Talk/status/1786737661908025491
MetalNRG (LON: MNRG) has outlined its strategic focus on copper projects, along with potential ventures into gold and other strategic metals, foreseeing high demand driven by global macroeconomic shifts, energy transition dynamics, and technological advancements.
Having evaluated over 100 projects worldwide, management has narrowed down the selection to approximately 10 projects that MetalNRG is actively advancing.
Cornish Metals (AIM: CUSN) expressed satisfaction with the independently conducted Preliminary Economic Assessment for the South Crofty tin project in Cornwall.
The base case after-tax Net Present Value (NPV) stands at US$201 million with an Internal Rate of Return (IRR) of 29.8%, figures that affirm the project’s potential as a low-cost mine.
Ariana Resources PLC (AIM: AAU) has projected gold production for 2024 from its Zenit consortium at 20,000 ounces of gold equivalent, inclusive of contributions from the Tavsan project and ongoing output from Kiziltepe, both situated in Turkey.
Kerim Sener, managing director, remarked: “We are also pleased to report that the average gross revenue per ounce produced during Q1 2024 is US$2,328, attributed to the significant rise in gold and silver prices during the period.”
Kavango Resources plc (LSE: KAV), the Southern Africa-focused metals exploration company, announced the Company has raised £3,085,366 by the issue of 257,113,862 New Ordinary Shares in the capital of the Company at a price per share of 1.2 pence, via an underwritten accelerated bookbuild.
Ben discusses recent developments following a significant fundraising event for his company. He talks about the healthy cash balance before the fundraising and the company’s decision to raise additional funds due to promising gold intersections found in their exploration efforts in Zimbabwe.
They have started drilling at the Nara project and are planning to remobilize drilling at the Hillside project, where they hope to confirm commercially viable discoveries.
Contango Holdings PLC (AIM: CGO) announced that following the capital raise of £940,000 (“Placing”) in early April 2024, the Company has now been able to continue operations on-site to satisfy requests from potential offtake customers for samples.
Apart from #CGO telling us how important it is to have one’s coal washed, this has to date been a great jam tomorrow play. But presumably, we are getting closer to the jam now, in this case, a sizeable off-take contract. @ZaksTradersCafe pic.twitter.com/Q5kNQYN5sF https://t.co/4NY6hfoYeb
— Share_Talk ™ (@Share_Talk) May 2, 2024
Sovereign Metals Ltd (ASX: SVM, OTC: SVMLF, AIM: SVML) is expanding its graphite bulk sample preparation capacity through an upgraded laboratory and testing facility in Lilongwe, Malawi, enabling bulk-scale preparation of rutile concentrate and graphite circuit feed from the Kasiya Rutile-Graphite Project.
In the forthcoming weeks, Sovereign will install and commission a spiral concentrator containing industrial-scale MG12 spiral equipment at the laboratory and testing facility, with a throughput capacity of up to 10 tonnes per hour of ore for graphite and rutile sample preparation.
European Metals Holdings (LON: EMH) saw its stock increase by over 13% after announcing that its change of domicile from the British Virgin Islands to Australia is on track, with the necessary documentation submitted for the transition.
The company also confirmed that it would maintain its listing on the AIM market, but as an Australian entity instead of a British Virgin Islands one.
@KavangoRes Hillside Option Exercise Update #KAV has granted a royalty of 5% of gold production on the properties, capped at a value of $1,500,000. There are about 600g of gold here. We’re on course to hit our 1kg target for the month https://t.co/bJqkHf6dDV via @share_talk https://t.co/uz3TvdW2YG pic.twitter.com/8XSs6SUtiS
— Share_Talk ™ (@Share_Talk) May 2, 2024
On another note, Kodal Minerals (AIM: KOD) has adjusted the conditions for terminating the right of first refusal (ROFR) previously granted to Suay Chin on 80% of the spodumene output from the Bougouni lithium project in Southern Mali.
Under the revised terms, the termination fee of US$14 million, which Kodal Mining UK must pay to Suay Chin, will now be dispersed in three payments. Kodal Mining UK is primarily owned by Hainan Mining, holding a 51% stake in the Bougouni project.
Greatland Gold (AIM: GGP) has expressed interest in potentially regaining full ownership of the Havieron gold project in Pilbara, Western Australia, should the opportunity present itself.
In February, Newmont, which holds a majority 70% stake in Havieron through a joint venture with Greatland, classified the project as non-essential.
Greatland has emphasized its preemptive rights over Newmont’s share before any third-party sale, and considers itself well-positioned to fully acquire Havieron if the terms are beneficial.
Sean Day, the managing director of Greatland, stated, “We are confident about the substantial potential value for Greatland, given Newmont’s view of its 70% stake in Havieron as non-core and our right of first refusal on any potential sale.”
@GreatlandGold Corporate Presentation #GGP 1st May 2024. The presentation is available for download from https://t.co/XZ56kn1kGb or by clicking this link. https://t.co/kL6CHIuKQr https://t.co/h1Z6xjZJ2b pic.twitter.com/tbBJJ38xPZ
— Share_Talk ™ (@Share_Talk) May 1, 2024
In the interview on Zak Mir’s channel, Bernard Olivier, CEO of URA Holdings, discusses the recent developments at the Gravelotte Emerald Mine.
Olivier reports that the mine has commenced production on schedule and within budget. He highlights that the mine, historically a significant source of emeralds in the 1970s, is ramping up production with a focus on building up stockpiles for future auctions.
He praises his team for their efficiency in bringing the mine back into production quickly and below cost. The discussion also touches on the company’s plans for the second half of the year, including generating revenue from the first auction of emeralds. Olivier emphasizes the importance of having a large enough quantity of run-off mine material to attract buyers.
The attempted acquisition of Anglo American PLC (LSE: AAL) by BHP has raised concerns among local officials about the future of the planned Woodsmith mining project.
Robert Goodwill, the MP for Scarborough and Whitby, stated over the weekend that he would hold BHP accountable for its commitments to the project should their takeover of Anglo proceed.
According to research from Optiva Securities, shares in Asiamet Resources Ltd (AIM: ARS, OTC: KMGLF) are currently oversold, suggesting that the mine developer might attract potential buyers. The firm has valued the assets of the Indonesia-focused mine developer at £188.8 million, or 7.22p per share.
Mkango Resources Ltd (AIM / TSX-V: MKA) Mkango releases year-end 2023 financial statements. Announced that it has released the Financial Statements and Management’s Discussion and Analysis for the period ending 31 December 2023.
To view the Financial Statements, please click here: http://www.rns-pdf.londonstockexchange.com/rns/5630M_1-2024-4-30.pdf
To view the Management’s Discussion and Analysis, please click here http://www.rns-pdf.londonstockexchange.com/rns/5630M_2-2024-4-30.pdf
The reports are also available under the Company’s profile on SEDAR (www.sedar.com) and on the Company’s website (https://mkango.ca/investors/financials/).
Altona Rare Earths PLC (LON: REE) announced on Monday the appointment of David Catterall, a specialist in copper exploration, as a consultant. Catterall will concentrate on the Sesana copper-silver project in Botswana, collaborating closely with Chief Executive Cedric Simonet.
Shares of Anglo American PLC (LSE: AAL) were sought after on Monday following the company’s rejection of a takeover proposal from industry heavyweight BHP Group Ltd (LSE: BHP, ASX: BHP) late last week.
Investor and analyst sentiment is buoyant, fueled by weekend reports from ‘sources familiar with the matter’ suggesting that BHP is considering making a higher bid.
Aura Energy Ltd (ASX: AEE, AIM: AURA) has completed an extensive drilling program at the Tiris Uranium Project in Mauritania, aiming to develop the site into a near-term, cost-effective uranium mine with a projected operational life of 17 years.
Endeavour Mining PLC (LON: EDV, TSX: EDV, OTCQX: EDVMF) has successfully conducted the inaugural gold pour at its Sabodala-Massawa BIOX Expansion in Senegal, elevating the facility to a tier 1 mine, the company announced.
The miner expects the new project to reach commercial production later this quarter and to achieve its full capacity of 1.2 million tons per annum within the next three months.
Mike Whitlow, the Chief Operating Officer of ECR Minerals (AIM: ECR), discussed the company’s recent activities and future plans. They’ve been concluding a long drilling campaign with promising results, particularly high-grade findings at Davey Road and broader mineralization at Kuboid Hill.
Additionally, the company is revisiting Baillieston to renew licenses and explore historical data for antimony, aligning with global interest in the mineral.
