Analysing the market capitalisations for companies listed on AIM shows that oil and gas companies accounted for 6.3% of AIM’s total value at the end of April, up from 3.9% in 2021. Mining companies accounted for 7.5%, up from 5.8%.
Empire Metals Ltd (AIM: EEE) started the week with an update on its exploration activities at the combined Eclipse-Gindalbie Gold Project in Western Australia and reported that the next campaign of reverse circulation drilling will commence there in mid-June.
Shaun Bunn, Managing Director, said: “We are pleased to announce that drilling will shortly commence on what are the most prospective targets identified to date within the combined Eclipse-Gindalbie project area and we are very excited to be moving back to the Homeward Bound prospect to further explore the area where we previously achieved stellar gold intercepts.
Panthera Resources Plc (AIM: PAT) announce the 5000 metres Reverse Circulation/Air Core (RC/AC) drilling programme at the Bassala Project in Mali has commenced.
The programme comprises 57 AC holes and 21 RC holes. Drilling will test Bassala North, Central and South prospects with assay results expected during quarter three of 2022.
Caracal Gold PLC (LON: GCAT) Updated with assay Results from Kilimapesa Hill Confirm High-Grade Mineralisation. The second batch of sample assay results from its Reverse Circulation and Diamond Drilling programmes, continue to confirm the strike and depth continuation of the known orebody at the Kilimapesa Hill deposit at the Kilimapesa Gold and Mining Operations in Kenya.
Results continue to confirm strike and depth continuation of the mineralisation with strong gold grades, consistent with expectations.
To date, 75 holes totalling 7,522m of the planned 12,000m RC drilling programme and 8 holes totalling 1,547m of the planned 3,000m DD programme, which commenced in December 2021, have been completed.
Eurasia Mining (LON: EUA) Due to geopolitical circumstances, the annual audit is running behind schedule, however, at present Eurasia still expects the report and accounts to be published and announced before the end of June 2022. An AGM notice will also follow in due course, with the statutory notice period for the AGM being observed.
Conclusion: We look forward to @eurasiamining completing on the sale of its #Russian assets in the relative near term & on the transformation of its business through the acquisition of new mineral assets outside of Russia #EUA *SP Angel acts as Nomad and Broker to Eurasia Mining https://t.co/SJpX8VylWq
— Share_Talk ™ (@Share_Talk) June 7, 2022
(SP Angel act as Nomad and Broker to Eurasia Mining) comments this week ” We look forward to Eurasia completing on the sale of its Russian assets in the relative near term and on the transformation of its business through the acquisition of new mineral assets outside of Russia.
Atlantic Lithium Limited (AIM: ALL) announced positive metallurgical test-work results in support of the Pre-Feasibility Study underway for the Ewoyaa Lithium Project in Ghana, West Africa.
Metallurgical profiling using Heavy Liquid Separation at a coarser 10mm crush size delivers primary lithium concentrate recoveries of up to 80% in the dominant P1 material. Dense Medium Separation replicates HLS results at the pilot-scale, providing confidence in the proposed gravity plant design to deliver an economic outcome.
Results support a low capex gravity separation plant at a coarser 10mm primary crush size; comparing favourably to the Scoping Study base case at a finer 6.3mm crush.
Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN) said that its maiden drill program has started on its 100% owned Wishbone II Gold-Copper Project in Northern Queensland.
The drill program consists of 2,000m of RC holes to test the numerous gold and copper surface anomalies at depth and look for continuous underground structures.
Wishbone’s Queensland exploration properties are situated in the highly prospective Charters Towers-Ravenswood district in north Queensland’s premier gold province. They consist of 54 sub-blocks amounting to 174 km2 of wholly-owned licences and are located only 10km from the 5 million ounce Ravenswood gold mine.
Amur Minerals Corporation (AIM: AMC) announces the completion of its TEO Project (a Russian feasibility level study) approved by the Russian Federation State Committee on Reserves (“GKZ”) with regard to its Kun-Manie nickel-copper sulphide project located in the Russian Far East.
Robin Young, CEO of Amur Minerals, commented: The TEO Project feasibility study results generated by the GKZ expert commission indicate the Kun-Manie operation should be scaled up to as much as 12.4 million ore tonnes per year for a 19-year open-pit operation. This is a more than doubling of the previously anticipated capacity of 6.0 million ore tonnes per year.
ECR Minerals plc (LON: ECR) a progressive update from drilling at HR3, Bailieston with high gold intercepts received for hole BH3DD034. Visible gold was previously announced.
ECR CEO Andrew Haythorpe commented: “This is an outstanding result, capably executed and delivered by Adam and the drill team. As a geologist myself, along with the team, I am excited by the continuity of grade and the manner in which the Maori Anticline is further revealing itself through each assay result. There is clearly much more to come.”
ECR Chairman David Tang added: “There is a palpable sense of excitement at ECR Minerals as the intensive drilling campaign across our Victoria assets is now, despite the delays in assay processing, yielding consistently high gold grades. I am delighted for Adam and the team – this exceptional result today and the continuity of grade between Zone 2 and Zone 3 could well indicate a significant find. We look forward to the remaining assay results from the adjacent holes.”
Bezant Resources (AIM: BZT), and Caerus Mineral Resources (LON: CMRS) with a Joint Venture focused on the Troulli Mine Development Project and other copper-gold JV targets in Cyprus.
Provide Shareholders with the drill results for the Anglisides Licence, a satellite project of the Troulli Joint Venture.
The ten-hole diamond drill programme announced on 27 April 2022 was expanded to sixteen holes and has been completed to test the near-surface copper potential for the Anglisides Licence and the assay results for the first eleven drill holes have been received. Anglisides forms part of the JV between the Companies and represents a potential satellite mineral resource that could be delivered to the Troulli central processing hub.
Bens Creek Group Plc (AIM: BEN) a second train with 100 cars has arrived at the Bens Creek mine and will be loaded with the second batch of 11,000 clean tons of its High Vol B product for delivery to Integrity Coal Sales Inc the Company’s offtake partner.
Adam Wilson, Chief Executive Officer of Bens Creek, commented: I am delighted we are able to secure the immediate arrival of our second train following the arrival of the first train, as announced on Monday, 6 June 2022. The speed of commissioning the second train attests to our strategy of production and delivery to our offtake partner, Integrity.
“We now expect train deliveries of our product to Integrity will be regularised to enable the fulfilment of our commitments to Integrity and therefore we do not intend to announce subsequent rail deliveries as they occur.
Greatland Gold PLC (AIM: GGP) stated that the growth drilling program continues to expand the mineralized system at the Havieron copper-gold project in Western Australia.
The South East Crescent was drilled to extend the high-grade zone 100 metres beyond the March 2022 resource estimate. The Crescent zone is now continuous intersecting at over 1,000 metres vertically and remains open at depth.
Scotgold Resources Ltd reported record production from Cononish, a Scottish gold mine, in April and May.
For the two months, the AIM-traded miner produced 1,984 ounces of gold and 10,810 silver.
It is with great sadness that Anglesey Mining plc announces that D. William (Bill) Hooley, Deputy Chairman and Non-Executive Director of the Company, passed away suddenly on 7 June 2022.
On behalf of the Board, Chairman John Kearney said “We are deeply saddened to hear of the untimely passing of our colleague and friend Bill Hooley. Bill was instrumental to the advancement of Anglesey and its Parys Mountain mine project during his time as Chief Executive between 2006 and 2021, and subsequently continued to provide valued advice and experience to the Company and the Board as Deputy Chairman”.
— Share_Talk ™ (@Share_Talk) June 8, 2022
Rambler Metals & Min (AIM: RMM) May 2022 Operational Results and Organisational Update. Announce its reconciled operational results for May 2022 as well as details of management changes that have recently occurred in the Company.
To view the PDF version of the announcement including Table 1 and subsequent graphs please click here: http://www.rns-pdf.londonstockexchange.com/rns/2420O_1-2022-6-8.pdf
Oracle Power PLC (AIM: ORCP) announce that positive metallurgical results have been returned from the first of three samples from its 100% owned Northern Zone Gold Project, located 25km east of Kalgoorlie in Western Australia.
The results indicate that good gold recoveries can be achieved within six hours of 83.3%, and up to 90.4% gold recovery over 72 hours. Based on the previously announced Exploration Target of 200 – 250Mt at 0.4 – 0.6g/t Au for 2.5 – 4.8Moz Gold, the positive metallurgical results form the basis for moving forward with drilling to define a maiden inferred JORC resource.
Scotgold Resources Limited (AIM: SGZ), Scotland’s and the UK’s first commercial gold producer, provides an update on production and operational progress at its Cononish Gold Mine, Tyndrum, Scotland (‘Cononish’).
· Record production for April and May 2022 totalling 1,984 ounces of gold and 10,810 ounces of silver
· Production on track to achieve upper quartile and/or exceed Q2 2022 target of 2,600 – 3,200 ounces of gold
· Gold grades in flotation concentrate of up to 324.4 g/t realised during April and May 2022
· Sales of £2.424 million for 226.6 dry metric tonnes of gold concentrate for April and May 2022
Scotgold Resources CEO, Phil Day said, “We are pleased to report that April and May have delivered record profitable gold production, a trend we expect to continue in June and the rest of 2022, in line with our mine schedule.
Altus Strategies PLC (AIM: ALS) reported record quarterly royalty income from Caserones copper mine, Chile.
The US$1.54mln received by the mining royalty company (before taxes) was up 24.2% quarter-on-quarter from its 0.418% net Caserones smelter return royalties interest.
Sovereign Metals Ltd (AIM: SVML) projects that the flake graphite coproduct from Kasiya’s Kasiya Rutile operation will have the lowest production costs in the world, at US$352 per ton.
Given the potential production scale of a coarse flake and high purity product, the company believes it can potentially dominate this market. This product could be suitable for lithium-ion battery applications and other traditional industrial uses
In a recent presentation, Kavango Resources’ consulting geologist Jeremy Brett spelt out just exactly why he thinks the opportunity on offer at the firm’s Kalahari Suture Zone project is so significant.
He spent a significant amount of time working on the Kalahari Suture Zone, or “KSZ”, some 20 years ago, and was only too pleased to be able to bring his deep knowledge to bear when he hooked up with Kavango last year.
Brett spoke at some length about the potential of the KSZ, focussing particularly on a more recent area of interest; the potential existence of an iron-oxide-copper-gold, or “IOCG”, system starting at depths of around 900 metres and beyond.
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