Marula Mining’s Expansion in Northern Cape Advances with New Ore Sorters
Marula Mining has reported progress in expanding its ore processing capacity at the Blesberg project in the Northern Cape. This expansion follows the acquisition of two sensor-based XRF ore sorters worth £1.75 million. Site work and process plant acceptance testing are currently underway, with ongoing optimization efforts led by recently appointed mineral processing and metallurgical consultants.
@MarulaPlc announced that the development of its ore processing capacity at the Blesberg project in Northern Cape is advancing, following the purchase of two sensor-based, XRF ore sorters for £1.75 million. #MARU is currently engaged in site works and acceptance testing of the… https://t.co/4WsgpZarrG pic.twitter.com/PwN1O0HjlZ
— Share_Talk ™ (@Share_Talk) December 2, 2023
Empire Metals Ltd’s Titanium Discovery in Western Australia
Empire Metals Ltd’s house broker, SP Angel, has commented on the impressive scale of titanium findings at its Pitfield project in Western Australia. While it is too early to determine the exact value of the titanium deposit, the discovery covers a vast area, with a 30km strike extent and a 5km deep keel identified through magnetics and gravimetric geophysical surveys.
Andrada Mining Ltd’s Interim Results on Track
Broker Stifel reports that Andrada Mining Ltd (AIM:ATM, OTC:AFTTF) has posted interim results in line with forecasts. The company has managed to reduce corporate costs slightly and increase capitalization of waste stripping, positively impacting its bottom line. As of November 27, management has reported an unaudited cash balance of approximately £23 million.
Neo Energy Metals PLC Appoints Mining Veteran for Henkries Project
Neo Energy Metals PLC (LSE:NEO) has appointed Jerry Cloete, a seasoned veteran in the mining sector, to oversee day-to-day exploration, mine development, administration, and operational activities at Henkries, its uranium mine in South Africa’s Northern Cape province. Cloete’s role includes planning and managing the next phase of Henkries’ development, including recruitment of key local staff and the appointment of consultants for resource drilling programs, metallurgical work, and historical sample assays.
@NeoEnergyMetals has announced the appointment of Jerry Cloete, an experienced professional with 30 years in the mining industry, to oversee daily operations at Henkries, their #uranium mine located in the Northern Cape province of #SouthAfrica. In his role, Cloete will be… https://t.co/06wsLXUQTO
— Share_Talk ™ (@Share_Talk) December 2, 2023
Kavango Resources plc (LSE: KAV), the Southern Africa-focused metals exploration company, is pleased to announce that the Company has completed a strategic investment in gold mining, exploration, and development company Pambili Natural Resources Corporation (TSX-V: PNN).
Kavango has given notice to Pambili that it wishes to convert a US$250,000 convertible loan (the “Loan”) made to Pambili, along with a Loan Premium of US$75,000 (“Repayment amount”), into common shares in the Corporation (“the Conversion”). Following the Conversion, Kavango will hold 15% of Pambili’s total issued share capital.
Pambili is active in Matabeleland in southern Zimbabwe, having established operations here in 2022.
Endeavour Mining’s Significant Gold Resource Increase in Côte d’Ivoire
Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) has reported a remarkable four-fold increase in indicated gold resources at the Tanda-Iguela property in Côte d’Ivoire following its recent drilling campaign. The company disclosed that nearly 96% of the resource at the Assafou deposit in Tanda-Iguela has now been classified under the more certain “indicated” category. Additionally, there remains substantial potential for further discoveries, with the 3.3km mineralized trend still open along strike and at depth.
Atlantic Lithium Ltd’s Transition to Production Focus
Chief Executive Keith Muller of Atlantic Lithium Ltd (AIM:ALL, OTCQX:ALLIF, ASX:A11) has celebrated the company’s progress over the past year and highlighted its new strategic focus on transitioning from an explorer and developer to a producer. Atlantic’s Ewoyaa mine in Ghana achieved a significant milestone last month by being awarded the first lease of its kind by the country.
Ariana Resources PLC’s Positive Gold Findings in Turkey
Ariana Resources PLC (AIM:AAU) has reported promising drilling results from the Salinbas project in Turkey, defining wide zones of high-to-moderate grade gold mineralization across various areas. Assays from 61 drill holes, covering a total of 6,000 meters in the upper Salinbas area, revealed notable results, including 7.2 meters at 9.37 grams per tonne (g/t) gold, 6.5 meters at 3.69 g/t, and 11.05 meters at 1.56 g/t.
Greatland Gold PLC’s Nickel Prospects Confirmed
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) has received confirmation of the prospective nature of its Panorama East, Panorama, and Panorama North tenures for nickel. Results from surface sampling, which included 27 soil samples from the Ni_04 prospect, demonstrated nickel values above 0.1% over a 1.4-kilometer strike extent, with the highest result being 0.3% nickel in a rock chip sample.
Empire Metals Ltd Achieves Five-Year High on Impressive Drill Results
Empire Metals Ltd (AIM:EEE) reached a five-year high as the Australian-based exploration company released impressive drill results from its Pitfield project in Western Australia. The company reported significant extensions of titanium mineralization at substantial grades, continuing almost to a depth of 350 meters. These findings were outlined in the latest update by the exploration junior.
Andrada Mining Ltd Reports Nearly Doubled Interim Revenues
Andrada Mining Ltd (AIM:ATM, OTC:AFTTF) revealed that its interim revenues nearly doubled as the expansion of the processing plant at the Uis tin mine in Namibia began to yield results. Revenues for the half-year period ending in August 2023 amounted to £8.7 million, compared to £4.7 million previously, accompanied by a gross profit of £1.5 million, marking a significant improvement from the previous loss of £1 million. Moreover, the pre-tax deficit decreased by a quarter to £2.8 million.
Trident Royalties PLC to Reduce Borrowing Costs
Trident Royalties PLC (AIM:TRR, OTCQX:TDTRF) announced its plans to lower borrowing costs by up to US$1.3 million annually through the introduction of a new US$40 million revolving credit facility. The company has signed a commitment letter with BMO Capital Markets and CIBC for this new loan, which includes a US$20 million accordion option. This facility is set to replace the previous US$40 million provided by Macquarie Bank.
Empire Metals Ltd Confirms World-Class Titanium Mineral System
Empire Metals Ltd (AIM:EEE) reported further significant intersections at its Pitfield project, reinforcing its status as a world-class, district-scale titanium mineral system. Assays from two drill holes, reaching a depth of 350 meters, disclosed substantial mineralization, with one hole revealing 297 meters of TiO2 (titanium dioxide) at an average grade of 6.1%, and the other containing 173 meters at 5.76%.
Aura Energy Ltd Aims to Expand Tiris Project
Aura Energy Ltd (ASX:AEE, AIM:AURA) is focused on expanding the Tiris Project into a potentially world-class uranium province through a 13,000-kilometer tenure application. This tenure will become a part of the overarching Tiris Project within the uranium-rich region of Mauritania. Aura intends to target areas with strong synergies with the existing Tiris West resource, which consists of 11.2 million pounds (16.4 million tonnes) at 305 ppm U3O8.
Technology Minerals PLC Applauds UK Government’s Battery Strategy
Technology Minerals PLC (LSE:TM1) has welcomed the UK government’s battery strategy, which highlighted the company’s 48.35% ownership of Recyclus, an industrial-scale recycling facility. The report, published by the Department for Business & Trade, recognized Recyclus as the country’s first and only facility of its kind.
Metals One PLC Initiates Drilling at Black Schist Project
Metals One PLC (AIM:MET1) is set to commence drilling at its Rauta 9-11 license within the Black Schist Project, which encompasses nickel, copper, cobalt, and zinc deposits in Finland. The company has received a permit extension, paving the way for a 1,600-meter diamond drilling program at the R1 target, scheduled to begin next week.
