Premier African Minerals Ltd (AIM: PREM, OTC: PRMMF) announced that the new ball mill installation at its Zulu lithium facility is expected to be completed by January/February 2024, with subsequent revenue generation.
CEO George Roach stated, “The upgrades at Zulu aim to address major shortcomings in the original plant design, enabling us to mill adequate material to the desired particle size, meeting the float plant’s design capacity of 37.5 tons per hour of dry solids.”
Your AIM minnow has reported ‘astounding’ assays. There’s no rule on hyperbole as long as the data is correct #GGP #KOD #PREM #AMRQ #SVML #EEE #EUA #ARCM #TYM #POW #GMET #FCM #BRES #FME Let’s dive in. https://t.co/ap36jSaatt pic.twitter.com/GzNc3U9XXj
— stockmarkit (@stockmark_it) December 9, 2023
Eurasia Mining PLC (AIM: EUA) disclosed ongoing discussions regarding the sale of its Russian assets, though no agreement has been finalized, and a deal is not guaranteed. As of November 30, 2023, the company had £517,000 in cash and £3.5 million in unsold contrate inventories.
Chairman Christian Schaffalitzky commented: “We appreciate our shareholders’ support as we continue to pursue the possible sale of our Russian assets. Our main project at West Kytlim has seen no production of concentrate through 2023. We have maintained the assets in a sale-ready state. Currently, the Company is not developing further mining assets. The Board and senior executives remain hopeful of a successful conclusion to the sale of assets process and we look forward to updating our shareholders in this regard as appropriate.”
Power Metal Resources‘ subsidiary First Development reported that its Selta project in Australia’s Northern Territory has revealed promising areas for gold, copper, iron, rare earths, and lithium. A strategy to systematically explore these targets is now in development.
@GreatlandGold 2023 Annual General Meeting @shaun_day_ Managing Director Presentation #GGP release of an updated Corporate Presentation which is being delivered at the Company’s Annual General Meeting today. https://t.co/8twFOBVM7z via @share_talk https://t.co/gGM355PeYl pic.twitter.com/P7VDXzsBKP
— Share_Talk ™ (@Share_Talk) December 6, 2023
Critical Mineral Resources PLC (LSE: CMRS) has acquired four new exploration permits in Morocco, covering 80 square kilometres in the Rabat and Beni-Mellal regions, with a focus on copper and other metals.
Tharisa PLC (LSE: THS, JSE: THA, OTC: TIHRF) confirmed that its earnings for the recently concluded financial year are significantly lower than the previous year. This follows the company’s earlier announcement about revised timelines for its Karo Platinum project development, influenced by weak PGM (platinum group metals) prices and fluctuating macroeconomic conditions.
Cornish Metals Inc (AIM: CUSN, TSX-V: CUSN, OTC: SBWFF) reported steady progress in dewatering the South Crofty mine in Cornwall since early November. Approximately 25,000 cubic meters of water are pumped daily to a treatment plant before being released into the Red River, enhancing the river’s quality.
@FirstClassMetal Drilling underway at Zigzag Lithium #FCM Some planning and logistics have had to go into this for Winter drilling. @JamesKnowlesFCM So pleased to be finally underway drilling at such a key project @MarcFCMetals doing a great job on the ops front. He said we… https://t.co/nlES2eFhFs pic.twitter.com/N2RgRYVXJI
— Share_Talk ™ (@Share_Talk) December 8, 2023
First Class Metals PLC (LON: FCM) the UK-listed metals exploration company seeking economic metal discoveries across its extensive Canadian Schreiber-Hemlo, Sunbeam and Zigzag land holdings is pleased to announce that drilling has commenced on the Zigzag property which is currently focussed on the lithium (Li), tantalum (Ta) rubidium (Rb) and gallium (Ga) potential.
The drill programme preparation commenced on Monday with core expected today, this maiden programme will be focussed in the central 400m to explore the areas of high channel sample results, particularly Channel 7.
Initially 7 drillholes of over 50m are planned with the provision for a deeper ‘step-back’ based on visual, encouragement. The basis for the drilling is the encouraging grab samples and channel sample results previously reported. Nine channels were cut with lengths of under 5m to over 10m, channel lengths were usually controlled by overburden and not necessarily by cessation of pegmatite geology.
Ariana Resources PLC (AIM: AAU) recently announced that drilling results from the Hizarliyayla section of their Salinbas project in Turkey show characteristics similar to the adjacent Hot Maden discovery. The drilling, which included 10 holes, revealed gold grades of 2.8 grams per tonne (g/t) over a narrow range. However, Ariana noted that the widths appear to expand deeper, with one instance showing 36 meters (m) at 0.17 g/t gold starting from 186m depth.
Anglesey Mining PLC (AIM: AYM) has begun drilling at the Parys Mountain project in Wales, reaching a depth of 545 meters (m) with the initial hole. The drilling aims to reach a depth of 650m, a milestone Anglesey expects to achieve next week, coinciding with the commencement of a second drilling hole.
Update @KavangoRes The NRG crew has now completed its test flights for the airborne geophysical survey in the #KCB Once they have completed their data quality checks, which are currently underway, the next step will be for the survey itself to begin @Ben_Turney Today we'll hook… https://t.co/sVvudaohO4 pic.twitter.com/R6D4WhqUgt
— Share_Talk ™ (@Share_Talk) December 6, 2023
Great Southern Copper PLC (LSE: GSCU), specializing in copper-gold-lithium exploration in Chile, has completed all necessary permits to start its scout reverse circulation (RC) drilling program at the Especularita site. The drilling, which will focus on the Abundante mine prospect, is set to commence in the first half of December 2023.
Andrada Mining Ltd (AIM: ATM, OTC: AFTTF) has declared its intention to continue drilling at the Lithium Ridge area of its Uis mine in Namibia. This decision follows promising results from chip samples in the region, which yielded high-grade spodumene concentrate. Analysis of two composite samples from different pegmatite bodies showed grades of 6.8% Li2O (75% spodumene), with a lithium (Li2O) recovery rate of 76%.
Condor Gold PLC (AIM: CNR, TSX: COG, OTC: CNDGF) reported receiving five non-binding offers for its assets in Nicaragua, with three site visits already completed. While no definitive proposals have been made yet, the company is engaged in advanced discussions with two gold producers.
Marula Mining (AQSE: MARU), provides a further update on its two-phase resource drilling and mining program that is ongoing at the Blesberg Lithium and Tantalum Mine in South Africa (“Blesberg” or the “Project”).
The Phase 1 and Phase 2 diamond drilling programs have both been completed, ahead of schedule, with 42 holes completed for a total of 2,386.67 meters (“m”). Assay results from samples taken as part of the Phase 1 drilling have been received and are being reviewed and incorporated into a JORC Code 2012 compliant Mineral Resource Estimate (“MRE”).
Open pit mine design work, cut-off grade estimation, detailed mine planning, financial and economic analysis continues, which is focused on the planned conventional open pit mine development and operations that are proposed to commence at Blesberg in early 2024.
Anglesey Mining PLC (AIM: AYM) announced encouraging results from metallurgical tests conducted on ore samples from the White Rock and Engine zones of its Parys Mountain project in Wales. Tests conducted on a mixed sample from both zones, collected in June, showed a combined head grade of 0.42% copper, 3.60% zinc, 3.08% lead, 49 grams per tonne (g/t) silver, and 0.7g/t gold, equivalent to 10.8% ZnEq, indicating higher than anticipated recovery rates.
Ecora Resources PLC, listed on the London Stock Exchange (LSE: ECOR), Toronto Stock Exchange (TSX: ECOR), and OTCQX (ECRAF), has received a favourable ruling from the Supreme Court of Western Australia, Court of Appeal. This decision upholds the initial judgment in Ecora’s ongoing legal battle with Quasar Resources, the proprietor of the Four Mile uranium mine. The conflict, which began in 2016, revolves around the method of calculating Ecora’s 1% net smelter return (NSR) royalty from the mine.
On Monday Gold’s value soared to a new high, driven by market anticipation of potential early interest rate reductions next year. The price of gold briefly surpassed $2,111 per ounce during trading in Asia before settling at $2,086.
This surge occurred without a clear trigger, leading some to believe it was a result of traders capitalizing on the momentum after gold exceeded $2,107 the previous week.
