The initial public offering of Nord Gold PLC, a Russian gold miner that also focuses on Africa and Kazakhstan, has been delayed in London amid criticism that it contradicts a U.S. Treasury plan to block some share offerings on security grounds. The company, also known as Nordgold, announced late Tuesday night the postponement of its planned £3.5 billion IPO.
Anglo American PLC (LON:AAL) has seen strong demand for rough diamonds in the fifth round of the De Beers Group sale in 2021. “Given the continued positive demand for diamond jewelry in the major consumer markets of the U.S. and China, as well as the recovery of production capacity in India, we see strong demand for rough diamonds in our fifth round of sales,” said Bruce Cleaver, CEO of De Beers Group.
Cornish Lithium has raised £6 million in a funding round that lasted less than 20 minutes. The battery metals specialist has raised funds through Crowdcube at a price that values the group at £80 million, double the amount raised in its last funding round in October last year.
Thor Mining PLC (ASX:LON:THR) has announced “very significant” soil assay results at the Sterling Prospect property, part of the Ragged Range gold project in Western Australia. Up to 114 parts per billion (ppb) gold was detected in soil samples in the central part of the Sterling Prospect property, compared to background values of around 2-3 ppb.
Chaarat Gold Holdings Ltd (LON:CGH) has announced that it has signed a new investment agreement with Çiftay İnşaat Taahhüt ve Ticaret A. Ş, the Turkish mining company for Chaarat’s Tulkubas project.
Oracle Power PLC (LON:ORCP) will begin an extensive geochemical sampling program next week after receiving positive geochemical results at its Jundee East gold project in Western Australia. The sampling program will be carried out over most of the 90 square kilometer area, where approximately 980 samples will be taken.
Savannah Resources PLC (LON:SAV) has announced that it has joined the newly formed Portuguese Battery Association (BATPower) as a founding member and has been elected to its board of directors.
Bacanora Lithium PLC (LON:BCN) said its stake in Zinnwald Lithium will fall to 35.5% from 44.2% as Zinnwald buys Deutsche Lithium. Zinnwald acquires a 50% stake in Deutsche Lithium that it does not already own.
Strategic Minerals PLC (LON:SML) said it intends to list its Leigh Creek Copper Project (LCCM) on the Australian Stock Exchange within a year. Prior to that, the company plans to raise A$10 million of debt financing to bring the Australian mine into production in the second half of 2021.
Tirupati Graphite PLC (LON:TGR) has informed the market of its specialty graphite processing operations in India, where it is developing a range of specialty graphite for high-tech applications such as lithium-ion batteries, flame retardants, thermal management and composites.
Bezant Resources PLC (LON:BZT) said reconnaissance and sampling work has shown the potential for high-grade manganese deposits at its Kanye project in Botswana.
Ariana Resources PLC (LON:AAU) has announced that drill results confirm high grades at the Derya section of the Kiziltepe gold-silver mine in western Turkey. The drill program is testing the central and southeastern extension of the Derya vein system over 670 meters to a depth of approximately 130 meters below surface.
Kavango Resources PLC (LON:KAV) has appointed Ben Turney, a current member of the board of directors, as chief executive officer. Michael Foster, former CEO, has decided to step down as CEO after 40 years in the mineral exploration industry.
Emmerson PLC (LON:EML) said the environmental permitting process for its Khemisset potash project in Morocco is nearing completion. The company is awaiting a meeting with the Environmental Assessment Committee (EAC),
ECR Minerals PLC (LON:ECR) has announced that the first drill hole has encountered gold in the Dimocks Main Shale (DMS) at its Creswick gold project in the Victoria Goldfields region of Australia. The London-listed gold exploration and development company has completed the first four drill holes at Creswick.
Karelian Diamond Resources PLC (LON:KDR) has announced the completion of an aeromagnetic survey at Anomaly 5 (Tervavaara) in the Kuhmo region of eastern Finland, where the company announced the discovery of a very rare pale green diamond in early 2017.
Landore Resources Ltd (LON:LND) has released final 2020 results and announced that it has secured funding for the ongoing exploration program at its BAM gold mine in Ontario, Canada. The company ended last year with just over £1 million of cash and no debt after posting an after-tax loss of £2.55 million, up from £2.15 million the previous year.
Alien Metals Ltd (LON:UFO) has announced that it has been granted a further extension of its exclusivity agreement to explore the possibility of acquiring the Elizabeth Hill silver tailings project in Western Australia.
Power Metal Resources PLC (LON:POW) said ongoing due diligence work at its Tati gold-nickel project in Botswana indicates significant mineralization. Significant arsenic, nickel and gold anomalies have been identified in soil by analysis of historical data. Geochemical sampling, mapping and trenching are underway to confirm the results.
Panthera Resources PLC (LON:PAT) has announced the commencement of drilling at the Bassala project in Mali, as part of a 9,000 m aircore (AC) and reverse circulation (RC) drilling program.
Europa Metals Ltd (LON:EUZ) has announced that it has appointed consultants Wardell Armstrong International Ltd (WAI) as the manager of the pre-feasibility study (PFS) for its Toral lead, zinc and silver mining project in northern Spain, following a competitive bidding process.
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