--- title: "Share Talk Weekly Mining Sector News Round-Up, Saturday 27 January 2024" publisher: "Share Talk" author: "sharetalk" published: "2024-01-27T13:20:35+00:00" modified: "2024-01-27T14:31:03+00:00" date: 2024-01-27 canonical: "https://www.share-talk.com/share-talk-weekly-mining-sector-news-round-up-saturday-27-january-2024/" category: "Mining" categories: ["Mining", "Weekly Mining Sector"] image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/mining-10_12_23.jpg?fit=1200%2C800&quality=89&ssl=1" format: "news" language: "en-GB" --- # Share Talk Weekly Mining Sector News Round-Up, Saturday 27 January 2024 **Published:** January 27, 2024 **Author:** sharetalk **Categories:** Mining, Weekly Mining Sector **Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/mining-10_12_23.jpg?fit=1200%2C800&quality=89&ssl=1) --- **Phoenix Copper Ltd (AIM: PXC, OTCQX: PXCLF)** exceeded its initial fundraising goal due to heightened investor interest, securing £2.7 million through a placement and subscription at 11.5p per share, surpassing the original £2.2 million target. An additional £200,000 may be raised from a retail offer concluding on January 31. **European Metals Holdings Ltd (AIM: EMH, ASX: EMH, OTCQX: EMHLF)** received a ‘buy’ rating and a ‘best-in-class’ designation from Liberum, which recently initiated coverage. EMH is advancing the 49%-owned Cinovec integrated lithium project in the Czech Republic, in partnership with state-owned utility CEZ. **Blencowe Resources PLC (LSE: BRES)** reported receiving the second $1 million tranche from the US International Development Finance Corporation’s $5 million grant for the Orom-Cross project in Uganda, aimed at funding a definitive feasibility study. https://twitter.com/Share_Talk/status/1750494547254136937 **Endeavour Mining PLC (LSE: EDV, TSX: EDV, OTCQX: EDVMF)** received a double upgrade from Liberum analysts, who anticipate continued success under the new CEO. Liberum suggests that a Trump re-election could heighten global tensions and inflation risks, benefiting the gold mining sector. **Atlantic Lithium Ltd (AIM: ALL, OTCQX: ALLIF, ASX: A11)** announced moving to the second stage of a competitive tender for 50% of the output from its Ewoyaa project in Ghana, following several offers in the first phase. **Greatland Gold PLC (AIM: GGP, OTC: GRLGF)** paused drilling at Havieron in Western Australia for de-watering the lower confined aquifer, with six depressurisation holes drilled to date. https://twitter.com/Share_Talk/status/1750426028097380595 **Anglo Asian Mining PLC (AIM: AAZ, OTC: AGXKF)** revealed significant copper mineralisation at the Xarxar prospect in Azerbaijan, to be included in an upcoming resource estimate. **Aura Energy Ltd (ASX: AEE, AIM: AURA)** is raising A$4.3 million through option funding agreements to support the Tiris Uranium Project in Mauritania. **Premier African Minerals Ltd (AIM: PREM, OTC: PRMMF)** is expected to release a new mineral resource estimate for its Zulu Lithium project, focusing on contained spodumene in the Main Zone. **Adriatic Metals PLC (LSE: ADT1, ASX: ADT, OTCQX: ADMLF)** reported a slight delay in Vares mine construction, with production ramp-up expected by the fourth quarter. **KEFI Gold and Copper PLC (AIM: KEFI, OTC: KFFLF)** is finalizing detailed definitive agreements for project financing for its Tulu Kapi project in Ethiopia. https://twitter.com/Share_Talk/status/1750164400705511909 **Bradda Head Lithium Limited (AIM: BHL, OTCQB: BHLIF, TSX-V: BHLI)** achieved its drilling campaign objectives at the San Domingo district in Arizona, ahead of 3D modelling. **MetalNRG PLC (LSE: MNRG)** reached an out-of-court settlement with BritENERGY Holdings LLP, BritNRG Limited, and Pierpaolo Rocco, ending ongoing and potential litigation. **Premier African Minerals Ltd (AIM: PREM, OTC: PRMMF)** reported high lithium grades in two drill holes at its Zulu lithium project in Zimbabwe. **Atlantic Lithium Ltd (AIM: ALL, OTCQX: ALLIF, ASX: A11)** received a $5 million equity investment from Ghana’s Minerals Income Investment Fund for its Ewoyaa lithium project. **Adriatic Metals PLC (LSE: ADT1, ASX: ADT, OTCQX: ADMLF)** issued its first production guidance for the Vares silver project in Bosnia and Herzegovina. https://twitter.com/Share_Talk/status/1751225466793386234 **Golden Metal Resources PLC (AIM: GMET)** shares surged following significant gold-silver-copper discoveries at its Garfield project in Nevada. **Great Southern Copper PLC (LSE: GSCU)** completed scout drilling at Abundante and commenced drilling at Teresita within its Especularita copper/silver project in Chile. **Atlantic Lithium Ltd (AIM: ALL, OTCQX: ALLIF, ASX: A11)** CEO Neil Herbert acknowledged major shareholder Assore International’s increased stake and Piedmont Lithium’s new holding in the company. **Empire Metals Ltd (AIM: EEE)** reported promising results from its Pitfield exploration in Western Australia, with significant titanium findings. **Sovereign Metals Limited (ASX: SVM, OTC: SVMLF, AIM: SVML)** hired SocialEssence for social and community development programs at the Kasiya Project in Malawi. Arizona-based **Bradda Head Lithium Limited (AIM: BHL, OTCQB: BHLIF, TSX-V: BHLI)** is positioning for increased demand and pricing for lithium. https://twitter.com/Share_Talk/status/1750171363992576007 **Marula Mining (AQSE: MARU)** provided an update on the ongoing commissioning and optimisation of the Rados SRF100-8 XRF ore sorter at the [Blesberg Lithium and Tantalum Mine](https://www.share-talk.com/marula-mining-plc-aqse-maru-update-on-the-optimisation-of-the-rados-ore-sorter-at-blesberg/). **Jason Brewer, Marula Mining PLC CEO said: ***“We are incredibly proud of the advancements made during the commissioning and optimisation of the Rados Ore Sorter at Blesberg. The successful commissioning and bulk testing and production, not only signifies a major leap in our operational capabilities, but also positions Marula at the forefront of the industry as we use AI sorting algorithms in our processing technologies.* *“Achieving up to 89% recovery rates and the capability to process lithium ore with efficiency and precision is a testament to our team and their commitment to innovation as well as our partners at Rados. These results also support our aim to deliver significant volumes of a saleable high-grade lithium spodumene product this year.* **Shanta Gold Ltd (AIM: SHG, OTC: SAAGF)** surpassed 100,000 oz of gold production in 2023, aided by its new Singida mine in Tanzania. **CleanTech Lithium PLC (AIM: CTL, OTCQX: CTLHF)** commenced drilling at the Laguna Verde lithium project in Chile. **Oriole Resources PLC (AIM: ORR)** reported positive sampling results for its Mbe gold project in Cameroon, completing the due diligence process with BCM International. **Pan African Resources PLC (AIM: PAF, OTCQX: PAFRY, JSE: PAN, OTCQX: PAFRF)** highlighted improvements in safety, production, and sustainability for the half-year ending December 31, 2023. https://twitter.com/Share_Talk/status/1749715192211026350 **ECR Minerals PLC (AIM: ECR) **announce that given the recent acceleration in exploration activity and following an in-country visit by Managing Director Nick Tulloch, Technical Director Adam Jones has stepped down from the board of directors with immediate effect. Adam will nonetheless continue in his role with ECR as chief geologist and technical director of exploration, and by stepping down from the board he will be able to focus more of his time on the Company’s commercial operations. --- **Original URL:** https://www.share-talk.com/share-talk-weekly-mining-sector-news-round-up-saturday-27-january-2024/ *Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*