Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, announced several significant agreements in connection with the expected start of gold production at Nalunaq. These agreements mark a significant step as the Company prepares for its first gold pour in Q4 2024.
Kodal Minerals (AIM: KOD) confirmed that construction at the Bougouni lithium project in Mali is progressing on schedule and remains within the $65 million budget. The company expects to reach full production capacity by the first quarter of 2025. Recent drilling results indicate the potential for extending the mine’s lifespan. Discussions are ongoing with joint venture partner Hainan Mining regarding the $15 million owed to the Mali government and whether Kodal Minerals should cover this payment instead of the joint venture that owns the project.
Bernard Aylward, CEO of Kodal Minerals, remarked: “The acceleration in the Bougouni Lithium Project development is very pleasing. The crushing circuit and the DMS processing plant is rapidly taking shape and the commissioning of the crushing circuit will commence in December 2024 followed by the DMS units.”
GreenRoc Strategic Minerals (AIM: GROC) announced that Greenland authorities have confirmed its application for an exploitation licence for the Amitsoq graphite project meets all necessary requirements. The next step is a government recommendation on whether to proceed with public pre-consultation, which will take at least 35 days. Additionally, management has been invited to visit General Motors as part of a group of potential suppliers.
Oracle Power (AIM: ORCP) announced the completion of the latest drilling phase at its Northern Zone intrusive-hosted gold project in Western Australia, with samples now submitted for laboratory analysis. The company has raised £150,000 through a share issue at 0.013p per share, with the funds earmarked for projects in both Australia and Pakistan.
Marula Mining, listed on Aquis for over two years, has established itself as a key player in the mining sector by focusing on high-value commodities essential for modern technology. This report delves into the company’s strategic initiatives, project developments, and future production capabilities as outlined by CEO Jason Brewer.
Marula Mining Presentation at the Aquis Showcase by CEO Jason Brewer
Listing on Aquis has enabled Marula Mining to establish a robust market position, characterized by high liquidity and active trading. The company’s stock has garnered attention due to its strategic acquisitions across East and Southern Africa, which have contributed to its reputation as a liquid stock. This market presence is vital for attracting investors and facilitating future growth.
MetalNRG plc (LON:MNRG), the natural resources company, announce that further to the announcement made on 17 October 2024, concerning the agreement to acquire the entire issued share capital of Compagnie Minière de l’Oumejrane S.A. (“CMO”) from Managem S.A. (“Managem” or the “Seller”) (the “Acquisition”).
lt has now lodged a draft prospectus with the UK Financial Conduct Authority (“FCA”) in connection with the admission of the Company’s shares to the Official List of the FCA in the “commercial company” segment and to trading on the main market for listed securities of the London Stock Exchange plc (the “Admission”).
Ariana Resources PLC (AIM: AAU) has secured a US$5 million financing deal, with an initial drawdown of US$2 million, to support the feasibility study for the Dokwe gold project in Zimbabwe. The funding is provided by Riverfort Capital and can be accessed by Ariana over a four-year period.
Anglo Asian Mining PLC (AIM: AAZ) announced that it is evaluating the Demirli copper mine in the Karabakh region (previously known as Nagorno Karabakh) of Azerbaijan for a potential reopening. The company acquired the contract area in 2022, which includes two adjacent open-pit mines and a flotation plant with a capacity of six million tonnes per year for copper concentrate production.
