The junior index concluded the week with a decrease of approximately 1.2%, marking a predominantly bearish period for the stock market, while the FTSE finished in negative territory as well.
As the week unfolded, there was a noticeable sell-off in stocks, driven by the looming threat of prolonged high-interest rates and a series of downward revisions in earnings for large-cap companies, creating a strain on the broader market.
https://twitter.com/Share_Talk/status/1718568728512680191
Shares of Starvest PLC (AIM: SVE) experienced a 60% jump in value today following the firm’s announcement of its intention to distribute its holdings in Greatland Gold PLC (AIM: GGP, OTC: GRLGF) and Ariana Resources PLC (AIM: AAU) directly to its shareholders.
“The board has reached a unanimous decision to propose the distribution of our interests in Greatland and Ariana Resources to our shareholders through a capital distribution. This approach is intended to provide them with the opportunity to potentially achieve greater value from these investments directly, a value which is not currently reflected in our present share price,” the company stated in a Friday release.
Kodal Minerals and Hainan Group Finalize Bougouni Lithium Project Funding Arrangement (AIM: KOD) Koda Minerals and Hainan Group Finalize Bougouni Lithium Project Funding Arrangement transfer of funds (totalling US$117.75 million, including a US$3.5 million pre-payment received as disclosed on August 3, 2023) for finalizing the Transaction to occur in early November 2023.
Market Summary > @KodalMinerals
LON #KOD
0.60 GBX+0.13 (27.02%)⤴️today
27 Oct, 14:18 BST • Disclaimer“Securing this funding package transaction marks a significant milestone for the Bougouni Lithium project, and we are eager to closely collaborate with our partners to… https://t.co/P3FQrg5AMu pic.twitter.com/LBOvGhxbTe
— Share_Talk ™ (@Share_Talk) October 27, 2023
Development activities are well underway at the site, including road improvements to facilitate the construction of site infrastructure. Meanwhile, Kodal, Hainan, and our consulting teams are diligently finalizing the processing plant’s engineering design, as well as advancing the mine design and site optimization. Securing this funding package transaction marks a significant milestone for the Bougouni Lithium project, and we are eager to closely collaborate with our partners to rapidly achieve production at the Bougouni Lithium mine.
First Class Metals (LON: FCM) Award of Exploration Permits-North Hemlo & Esa. The company announced the granting of two Exploration Permits for the Company’s North Hemlo & Esa Properties located in the Hemlo area of Ontario
First Class Metals’ stated aim was to bring four properties to drill-ready status with the intention of drilling one property this field season. With the possible exception of Esa, the company is on track to achieve its aim. The granting of the Permits clears the way for ‘stripping’ at both properties to further refine possible drill locations.
https://twitter.com/Share_Talk/status/1718201696285860315
CleanTech Lithium PLC (AIM: CTL, OTCQX: CTLHF) announced its strategic partnership with the University of Atacama in Chile, aiming to secure a sustainable and skilled workforce while fostering research initiatives.
This marks the university’s first-ever collaboration with a lithium-centric company, according to the lithium exploration and development firm.
Future Metals NL (ASX: FME, AIM: FME) reported a significant enhancement to the Panton Project in Western Australia, transferring 44% of the project’s platinum group metal (PGM), nickel, and chromium mineral resource estimate (MRE) to the indicated category.
This advancement positions the Panton Project as the highest-grade PGM project in Australia and one of the top undeveloped PGM projects worldwide.
Cornish Metals Inc (AIM: CUSN, TSX-V: CUSN, OTC: SBWFF) has informed its stakeholders that it has successfully commissioned and inaugurated the water treatment plant at the Crofty mine, initiating the mine dewatering process.
This step is crucial for the resumption of future development and mining activities, with the dewatering process expected to take a total of 18 months.
After graphite, tungsten could be the next metal to get a China export ban. Here’s why
Empire Metals Ltd (AIM: EEE) has announced the completion of two out of three planned diamond drill holes at the Pitfield site in Western Australia, marking a significant step in its extensive exploration efforts. The initial drill hole, located near ‘Mt Scratch’, showcased titanium mineralization throughout its entire depth.
Tirupati Graphite PLC (LSE: TGR, OTCQX: TGRHF) is pleased to announce the appointment of Murat Dogan Erden as a new non-executive director to its board. Executive Chair Shishir Poddar expressed his delight, stating, “We are thrilled to have Murat join our board in this capacity.”
CleanTech Lithium PLC (AIM: CTL, OTCQX: CTLHF) has received positive results from its scoping study for the Francisco Basin, confirming the project’s economic potential, as reported by Fox-Davies. The study reveals a significant resource estimate of 0.92 million metric tons of lithium at a concentration of 207 milligrams per litre.
Market Summary > @GreatlandGold
LON #GGP
7.75 GBX+1.07 (16.02%)⤴️past 5 days
27 Oct, 15:38 BST • Disclaimer
Trader's Café #BulletinBoardHeroes review 26/10/23 @ZaksTradersCafe pic.twitter.com/BAtPNDlLtb https://t.co/7feUTZ0pXT— Share_Talk ™ (@Share_Talk) October 27, 2023
Ecora Resources PLC (LSE: ECOR, TSX: ECOR, OTCQX: ECRAF) anticipates reaching several crucial growth milestones in its upcoming development projects, despite the overall portfolio undergoing a transition phase and a temporary slowdown in the most recent quarter.
The royalty group reported a portfolio contribution of US$5.8 million for the third quarter, a decrease from US$14.7 million in the second quarter and US$34.1 million in the same period last year.
Bradda Head Lithium Limited (AIM: BHL, OTCQB: BHLIF, TSX-V: BHLI) intends to maintain its rapid exploration pace for the rest of the current fiscal year, as stated by Chairman Ian Stalker.
“We will keep up the development momentum throughout the second half of the year,” he declared.
Phoenix Copper Ltd (AIM: PXC, OTCQX: PXCLF) has shared initial assay results from its 2023 drilling program at the Navarre Creek project in Idaho, with the majority of results still pending.
The preliminary data, covering the first seven of 35 holes, reveals a zone of continuous, low-grade gold mineralization, which is open along strike and down-dip, according to the company.
#CGO has “done an Upland” with today’s announcement, something which some in the market clearly sniffed might have happened yesterday @ZaksTradersCafe However this proceeds it is likely that the market will rate the company rather more positively in future. https://t.co/QW43uUEVV2 pic.twitter.com/LIfhonHA2E
— Share_Talk ™ (@Share_Talk) October 26, 2023
Power Metal Resources PLC (AIM: POW) has noted a significant surge in interest in its Athabasca assets, following a recent sharp increase in uranium prices.
In a business update, the company shared that it is making progress with plans for an initial public offering (IPO) of Uranium Energy Exploration (UEE), with an official announcement expected soon.
GreenRoc Mining Plc (AIM: GROC), a company focused on the development of critical minerals projects in Greenland, notes the recent decision by the Chinese government to implement export restrictions on graphite, a critical component in electric vehicle batteries.
China’s recent announcement to implement restrictions on the export of higher-grade graphite, scheduled to take effect by 1 December 2023, has significant implications for the global battery industry.
Under the restrictions, Chinese companies must seek special export permits to supply this crucial raw material to international battery manufacturers. Notably, the export curbs encompass both synthetic and natural flake graphite, as well as graphite concentrate and purified graphite. It is important to emphasise that these restrictions do not extend to lower-grade graphite intended for conventional applications such as in the manufacturing of steel.
https://twitter.com/Share_Talk/status/1717488671245455661
Greatland Gold PLC (AIM: GGP, OTC: GRLGF) has announced a temporary halt in the development of the Havieron project to evaluate strategies for handling water extraction from an aquifer situated above the main ore body.
Decline development at Havieron now exceeds 2,030 metres (as of 8 October 2023). There are 770 metres of development remaining before the decline reaches the base of the Permian cover and the top of the Havieron orebody. The decline is now approaching the lower confined aquifer (LCA), with approximately 280 metres of development remaining before it is intersected.
@GreatlandGold has announced advancements at the Havieron gold-copper project in Western Australia, with the decline development surpassing 2,030 metres #GGP
As the project progresses, it's addressing challenges posed by aquifers and water management. Strategic planning is… https://t.co/4F0aLi6Mvu pic.twitter.com/ugHzgFsOfw
— Share_Talk ™ (@Share_Talk) October 24, 2023
The decline has previously successfully developed through two shallower aquifers at vertical depths of 50 and 250 metres. Water from these aquifers has been pumped to surface evaporation facilities. Ground conditions encountered outside of these aquifers, which represent the majority of the decline, have allowed good development progress. The LCA is the final aquifer that the underground decline passes through before reaching the Havieron orebody. Advancement through the LCA is a key milestone and de-risking event in the decline of development.
Bradda Head Lithium Limited (AIM: BHL, OTCQB: BHLIF, TSX-V: BHLI) has secured a US$2.5 million payment from Lithium Royalty Corporation, following the achievement of a project milestone at the Basin project in Arizona. Additionally, the upcoming drilling program is set to trigger another milestone payment.
This US$2.5 million payment is a result of the project’s mineral resource estimate exceeding 1 million tonnes of lithium carbonate equivalent (LCE), as reported in late September. This milestone was reached following the completion of 2,355 metres of drilling across 14 holes.
Castillo Copper Ltd (ASX: CCZ, LSE: CCZ) is gearing up for an extensive exploration campaign at the NWQ Copper Project, following its decision to designate the Mt Isa copper-belt project in Queensland as a “core asset” within its portfolio.
Meanwhile, other assets such as the Cangai Copper Mine, BHA Project, and Zambian projects are still undergoing evaluation by the company’s geological team.
Adriatic Metals PLC (LSE: ADT1, ASX: ADT, OTCQX: ADMLF) has declared its intention to continue stockpiling ore as it finalizes the commissioning of the processing plant at its Vares silver mine development in Bosnia & Herzegovina.
The company has reported a significant acceleration in underground development, and phased commissioning of the plant is currently in progress. However, delays in delivery and power hook-up have pushed the expected date for the first concentrate production to early 2024.
ECR Minerals PLC (AIM: ECR) has announced that recent outcrop mapping and sampling activities at Upper Gorge Creek within the Lolworth project in North Queensland have revealed the presence of gold.
https://twitter.com/Share_Talk/status/1716387576632713443
The company’s statement highlighted that several exposed outcrops, measuring up to 3m in width and 20m in length along the Gorge Creek West ridgeline, have shown gold results reaching as high as 13.75 g/t Au from preliminary rock chip testing.
Anglo Asian Mining PLC (AIM: AAZ, OTC: AGXKF) has reported that additional drilling at the Gilar deposit in Azerbaijan has verified an extension to previously discovered mineralization, with continuous gold and copper intercepts reaching up to 21 meters (m).
Previous drilling in the deeper zones of Gilar had already identified gold, copper, and zinc, with intercept thicknesses surpassing 20m. This most recent drilling campaign has further expanded these findings, the company noted.
Shanta Gold Ltd (AIM: SHG, OTC: SAAGF) is maintaining its impressive performance, according to house broker Liberum, with both of its operational mines in Tanzania surpassing expectations in the most recent quarter.
The company has reaffirmed its gold production guidance for the year ending December 2023, projecting between 90,000 and 98,000 ounces. However, Liberum anticipates that the company’s actual production will slightly exceed the upper limit of this range.
We’re in the endgame now #PREM #AVCT #KOD #ALL #GGP #HZM #GMET #HARL #VAST & #BOIL You’re either buying a Lambo or walking to the bus stop. Unless you diversify (not advice, but you should), there’s no in-between.https://t.co/tlTgvzPjPc
— Share_Talk ™ (@Share_Talk) October 14, 2023
Metals One PLC (AIM: MET1) has announced the discovery of high-grade massive sulphide nickel, copper, and cobalt mineralization in two drill holes at the SRH Råna project located in Norway.
The findings from these holes reveal a strike length of 150 metres in a previously unexplored area, which remains open along strike and down dip, according to the company’s official statement.
Europa Metals Ltd (AIM: EUZ, JSE: EUZ) has officially submitted a formal licence application for the Toral mining project in Spain on Monday.
The company has provided all required documents, including those related to restoration and environmental impact, to the Castilla and Leon authorities, as stated in their press release.
Shanta Gold Ltd (AIM: SHG, OTC: SAAGF) has reported consistent production levels in its most recent quarter, with its new Tanzanian mine, Singida, surpassing production expectations once again.
The total production for the quarter ending September 2023 amounted to 27,935 ounces, with 18,271 oz coming from New Luika and 9,664 oz from Singida, which is 15% higher than anticipated.
Tirupati Graphite PLC (LSE: TGR, OTCQX: TGRHF) anticipates a rise in prices following the implementation of export controls by China starting in December, a strategic move to protect its national interests.
Flake graphite, a major component of lithium-ion batteries used in electric vehicles (EVs) and grid energy storage, is currently predominantly supplied by China.
