Emmerson Plc (LSE: EML) completed its ESIA for the Khemisset Potash Project in Northern Morocco and will be submitted for approval. The ESIA has been completed to the highest standard recommended by the World Bank and in compliance with the IFC Performance Standards and the Equator Principles. This package is the culmination of two phases: an extensive baseline programme, and the ESIA study, and both have been integrated in the proposed monitoring programmes. The findings from both will be reflected in the final project design in the forthcoming front end engineering design in order to maximise positive impacts and minimise negative impacts in all stages.
Jangada Mines Plc (AIM: JAN) identified 12 highly prospective targets at a new target area, the Mocidade Property, at its 100% owned Pitombeiras Vanadium Project in Brazil. A ground magnetic survey led to the discovery at Mocidade, which is located 3km north of the Pitombeiras North and Goela targets, where 5.70Mt at an average grade of 0.51% vanadium pentoxide has been defined to date. The results confirm the extensive mineralisation potential over the Pitombeiras land package and further exploration is now underway to refine drill targets alongside the current drill programme to increase the project resource.
Oracle Power Plc (AIM: ORCP) acquired two highly prospective gold projects in Western Australia, which are both located in world class gold mining districts. The first is the Northern Zone Project, located east of the major gold mining centre of Kalgoorie, and has multiple significant drill intercepts recorded from historical drill programmes, delivering notable gold intercepts. The second is the Jundee East Project, which is located east of one of Australia’s largest gold mines, where the potential new buried greenstone belt has been identified and highlights prospective new target areas for gold exploration. The two additions diversify Oracle’s portfolio and join its flagship Thar Block VI Project in Pakistan whilst it continues to evaluate opportunities in Africa. The acquisition advances the company’s strategy to become an international developer of high quality natural resources and power projects, offering investors valuable exposure to multiple commodities and value trigger events.
Katoro Gold Plc (AIM: KAT) announced that all technical work related to the upgrade and restatement of the Blyvoor Gold Tailings Project resource statement has been completed with final reports expected to be received later this month as the company continues to target near term gold production. Later in the week, Katoro also confirmed the mobilisation of its maiden drill programme targeting the discovery of nickel and platinum group metals at the Haneti Nickel Project in Tanzania, in which it has a 65% ownership interest. The area has significant potential to host a world class nickel deposit given previous exploration returned high nickel values of 13.6% and 2.33 g/t combined platinum and palladium.
Dekel Agri Vision (AIM: DKL) completed the acquisition of an additional 14.2% interest in the large scale raw cashew nut (RCN) processing project at Tiebissou and now holds a 52% controlling interest in the project. Tiebissou will become Dekel’s second producing asset when it commences production in Q2 2021 at an initial annual capacity of 10,000 tonnes of RCN. Capacity will then be increased in stages, firstly to 15,000tpa by increasing the number of shifts to three from two, and then to 30,000tpa.
In the news this week…
Goldman Sachs has said that commodities are poised for a bull market in 2021.
A tiny owl was rescued after being transported inside the Rockefeller Centre’s Christmas tree delivery.
NASA has shared images of the mysterious ‘Steve’ purple light phenomenon.
The Welsh island of Bardsey could become the world’s first ‘blue energy island’ by being entirely powered through tidal energy.
A dormouse in the Isle of Wight got stuck in a bird feeder after its feast.
Children in Need raised £37 million last Friday night.
Dolly Parton partly funded Moderna’s Covid vaccine research.
Find out more about World Children’s Day here.