Visit First Class Metals at Booth #3300 at the Prospectors & Developers Association of Canada’s (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 3 to Wednesday, March 6, 2024.
https://twitter.com/Share_Talk/status/1762754872305127778
About PDAC
The World’s Premier Mineral Exploration & Mining Convention is the leading convention for people, governments, companies and organizations connected to mineral exploration. In addition to meeting more than 1,100 exhibitors, 2,500 investors and 24,000 attendees in person in 2023, participants could also attend programming, courses and networking events.
The annual convention is held in Toronto, Canada. It has grown in size, stature and influence since it began in 1932 and today is the event of choice for the world’s mineral industry.
For more information and/or to register for the conference please visit https://www.pdac.ca/convention.
Premier African Minerals (AIM: PREM) provided an update on plant operations at Zulu Lithium and Tantalum.
PREM announced that its Zulu lithium project in Zimbabwe’s processing plant is operational, producing concentrates from both Mica and Spodumene flotation sections.
Welcome to the latest video on @Premafrimin where @BizTechAcademy1 look at the rollercoaster last week of February. Production has started. Issues still exist. But Mr Market seems happy #PREM Will it continue?https://t.co/1cCvvEkUFN
— Share_Talk ™ (@Share_Talk) March 2, 2024
The company is currently analyzing these concentrates and has identified several operational challenges that need to be addressed by the plant contractors, impacting both the quantity and quality of the output. A critical issue is the inadequate coverage of pH measurement instrumentation across all necessary plant components, along with the reagent dosing system’s inability to adjust pH levels to the intended specifications.
George Roach, CEO, commented, “Premier believes that we are getting there. Not as quickly as Premier had hoped and with more unnecessary remedial issues than Premier had anticipated.
Power Metal Res. (AIM: POW) Share Consolidation and Notice of General Meeting. The Board is of the view that it would benefit the Company and the Company’s shareholders to reduce the number of Existing Ordinary Shares in issue by consolidating the Existing Ordinary Shares based on 1 New Ordinary Share of 2p for every 20 Existing Ordinary Shares of 0.1p each. This is expected to assist in reducing the volatility in the Company’s share price and enable a more consistent valuation of the Company, making the Company’s shares more attractive to institutional shareholders.
The effect of the Share Consolidation will be that shareholders holding Existing Ordinary Shares on the Company’s register of members at 6:00 p.m. on 26 March 2024 will, on the implementation of the Share Consolidation, hold 1 New Ordinary Share for every 20 Existing Ordinary Shares held on 26 March 2024.
Bens Creek Group PLC (AIM: BEN, OTC: BENCF) has finalized an agreement with Avani Resources, its largest shareholder, for the delivery of approximately 400,000 short tons of High Vol B metallurgical coal over 12 months, starting April 1, subject to potential train delays.
Sovereign Metals Ltd (traded on ASX, OTC, and AIM under SVM, SVMLF, and SVML respectively) has strengthened its Malawi team with four new appointments and promotions, enhancing its legal, permitting, and technical capabilities. The team now includes Maxwell Kazako as acting in-country manager, Natasha Namisengo as general legal counsel, Pilirani Bangula as legal counsel for compliance, and Tupoche Kayange as laboratory manager.
Marula Mining (AQSE: MARU) announced that the Company has signed a binding terms sheet with Kenyan manganese mine operator Gems and Industrial Minerals Limited for commercial interest in the Larisoro Manganese Mine located in Samburu County in Northern Kenya. The Larisoro Manganese Mine is a conventional and shallow open pit mine which commenced operation in 2012 and has operated intermittently over the past 12 years on two granted and adjoining mining permits. Mined manganese ore has ranged from 18.82% manganese (“Mn”) to up to 55.01% Mn and has averaged 33.41% Mn over the past 6 years and which is crushed and screened to produce a +37.00% Mn saleable product that has historically been sold into the Asian markets.
On signing the Term Sheet, consideration of £300,000 became payable to GIM to be satisfied through the issue of 2,400,000 new ordinary shares in the Company at 12.5p per new ordinary share.
Katoro Gold PLC (AIM: KAT), the strategic and precious minerals exploration and development company, announces the formal appointment of Sean Wade as Non-executive Chairman of the Company with immediate effect. This follows the Company’s previous announcement proposing Mr Wade’s appointment on 15 February 2024 and the satisfactory completion of the stock market (including Nominated Adviser) due diligence.
@KatoroGoldplc announces the formal appointment of Sean Wade as Non-executive Chairman of the Company with immediate effect #KAT Sean Wade is the Chief Executive Officer of @PowerMetRes, Katoro’s joint venture partner at the Haneti Project in Tanzania, targeting a major metal… https://t.co/uEAkJ7x4cP pic.twitter.com/N9ugckxL1X
— Share_Talk ™ (@Share_Talk) February 29, 2024
Sean Wade, Non-executive Chairman of Katoro Gold plc commented:
“I am very pleased to be formally appointed as Non-executive Chairman and will work hard with the Katoro team and our advisers to move the Company forward at some pace.
The significant financing announced earlier this month raising £825,000 before expenses has provided the Company with a robust financial position to move the business forward and I look forward to Katoro announcing further developments as soon as possible.”
Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development corporation with a substantial land package of gold and strategic mineral assets across in Southern Greenland, is pleased to announce a significant new Ni-Cu discovery at its Stendalen Project.
Eldur Olafsson, CEO of Amaroq, commented: “A new mineral discovery such as that seen at Stendalen is the culmination of many years of hard work by the Amaroq geological team, and is testament to our belief that South Greenland holds exceptional opportunities to host world class deposits. The discovery of strategic metals such as copper and nickel, critical for the energy transition, in a region with such a strong geopolitical position, cannot be overstated. These initial results give us the confidence to deploy a larger proportion of the Company’s Gardaq JV fully funded 3 year exploration programme to this project during 2024 and beyond.”
First Class Metals PLC (LON: FCM) announced the results of an inaugural drilling programme on the Company’s Zigzag Property, (the “Property”) located in the Seymour-Falcon corridor in northwestern Ontario, Canada.
Marc J Sale Chief Executive Officer Commented- “The results from our first drill programme at Zigzag are first class and have not only confirmed our belief in the potential of the ‘core zone’, but have also significantly exceeded our expectations for the Property. The associated critical metals identified have added another dimension to the Property’s potential. Obviously, more work is required specifically along strike and further exploration of the southern structure, hence we are to initiate discussion regarding a new Exploration Permit.
Zigzag is growing as a significant lithium and critical metal play in this rapidly emerging pegmatite district.”
Neo Energy Metals plc, the near-term, low-cost uranium developer advancing the Henkries Uranium Project (‘Henkries’ or the ‘Project’) in the Northern Cape of the Republic of South Africa, is pleased to announce that its ordinary shares have commenced trading on the A2X Proprietary Limited (‘A2X Markets’ or ‘A2X’), an independent stock exchange in South Africa, under the share code “NEO” today.
Neo Energy CEO Sean Heathcote said: “Neo’s secondary listing on A2X marks an exciting milestone in our journey, broadening our investor base and facilitating opportunities for strategic acquisitions, especially within South Africa. With significant South African shareholders already on board, our listing on A2X streamlines investment and trading in our shares, enhancing accessibility and liquidity.
“The A2X has a strong track record as a leading destination for secondary listings, making it a natural secondary listing destination for a company like ours with an exciting uranium project in the Northern Cape.”
Adriatic Metals PLC (LSE: ADT1, ASX: ADT, OTCQX: ADMLF) reported producing its first concentrate at the Vares silver project in Bosnia and Herzegovina. The project is now scaling up to full capacity, with the integration of Jameson flotation cells at the Vares Processing Plant next month to enhance grade recovery.
BMO Global Metals, Mining & Critical Minerals Conference @GreatlandGold Managing Director Presentation #GGP release of an updated Corporate Presentation, which is being delivered by Managing Director @shaun_day_ at the BMO Global Metals, Mining & Critical Minerals Conference on… https://t.co/2zcjGF2W0g pic.twitter.com/bOXBIBzhOb
— Share_Talk ™ (@Share_Talk) February 28, 2024
Bradda Head Lithium Limited (AIM: BHL, OTCQB: BHLIF, TSX-V: BHLI) finalized a settlement with Arizona Lithium concerning unpatented lode claims at the Wikieup clay project in Western Arizona. Bradda Head will keep 66 newly staked claims from early 2019, covering 1,302 acres (5.27 km2) through its subsidiary Zenolith (USA).
Artemis Resources Ltd (ASX: ARV, AIM: ARV, OTCQB: ARTTF) has initiated an independent technical review of the Paterson Gold Project in Western Australia. This review led to the identification of a new gold exploration target, marked by drill hole 22PTMRD011, which shows geology akin to that at Newmont’s Havieron deposit, containing over 6.5 million ounces of gold.
Aura Energy Ltd (ASX: AEE, AIM: AURA) announced that the Tiris Uranium Project in Mauritania is set to become a top global uranium operation soon, following a positive Front End Engineering Design (FEED) study. The study highlights the project’s strong economic potential and its positioning as a low-cost, long-life mine with significant growth opportunities.
Oriole Resources PLC (AIM: ORR) has resumed its exploration activities at the Mbe gold project in Cameroon, following recent positive developments. The Mbe project, one of Oriole’s two ventures in East Africa, received a boost as gold producer BCM agreed to finance exploration in exchange for a significant equity share.
Greatland Gold (AIM: GGP) choices, choices, Newmont has finally made a decision.
Pensana PLC (LSE: PRE, OTC: PNSPF) saw its shares surge by 16% following the announcement of significant advancements in securing debt financing for its Longonjo rare earths project in Angola. The company has negotiated a non-binding term sheet with a lender consortium for $156 million. This financing, once finalized, will support the development of the mine, including its flotation circuit and refinery.
Jubilee Metals Group PLC (AIM: JLP, JSE: JBL, OTC: JUBPF) announced increases in its first-half production across all units. This included a notable 46.5% rise in the copper cathode and copper in concentrate production in Zambia, totalling 1,683 tonnes. In South Africa, chrome concentrate production increased by 7.4%, reaching 718,189 tonnes. Additionally, there was an 11.2% increase in the production of Platinum Group Metals (PGM), totalling 20,244 ounces.
Rainbow Rare Earths Ltd (LSE: RBW, OTC: RBWRF) reported a 16% increase in its resource estimate at the Phalaborwa site in South Africa, following comprehensive bulk density studies. The tonnage at the site has increased to 35.1 million tonnes from 30.4 million, extending the expected project life by at least two additional years beyond the current 14.
