Ferro-Alloy Resources Limited (LSE: FAR) updated the market on the progress of the expanded feasibility study for the large Balasausqandiq vanadium deposit. Ferro-Alloy is currently well advanced in the workstreams necessary to produce a Bankable Feasibility Study. Nick Bridgen, Ferro-Alloy’s CEO said: “Balasausqandiq benefits from a combination of low capital and operating costs, access to infrastructure, an advantageous location and huge scale. World demand for vanadium is growing as more vanadium flow-batteries to store renewable energy are being built, and I believe Balasausqandiq is destined to play an essential part in the reversal of global warming.”
Cindrigo (LSE: CINH) announced the signing of an option agreement to acquire the entire issued share capital of Energy Co-invest Global Corp – an international energy developer – a move which is in line with its strategy to broaden its business to new energy sectors and geographies. ECG has several development projects in the waste to energy power plant sector, that could be a natural fit for Cindrigo. Read more here.
Harvest Minerals Limited (AIM: HMI) has won an accolade for its coffee beans at the Arapua Fertiliser Project. The award winning beans are grown at Harvest’s show farm in Minas Gerais, located in the heart of the Brazilian agricultural belt. ” We are delighted that this has been proven at our Arapua show farm where in just two and a half years we have produced speciality coffee, which is on a level with the big coffee producers in the region,” said Brian McMaster, Chairman of Harvest.
PYX Resources Ltd (NSX: PYX | LSE: PYX) announced that it has increased the production capacity of its Mineral Separation Plant at its world-class Mandiri deposit in Central Kalimantan, Indonesia, by 33% to 24,000 tpa, to enable the production of by-products, rutile, leucoxene, and ilmenite.
Prospex Energy PLC (AIM: PXEN) provided an update on the El Romeral plant optimisation project where the recent plant upgrades have been successfully integrated. The El Romeral power plant can now be operated 24 hours a day, 7 days a week. Continuous operations resulting from this system optimisation project may allow an increase in power generation revenues of up to 65%.
Oracle Power PLC (AIM: ORCP) announced an update on the company’s strategy to develop a green hydrogen production facility in Pakistan, in partnership with PowerChina International Group. Preliminary technical studies have now been completed by PowerChina to establish key technical and commercial contours for the delivery of the facility.
SEED Innovations Ltd (AIM: SEED) noted the release of Q3 results by its portfolio company, Yooma Wellness Inc, which saw further growth and substantial operational progress made during the quarter. ”Yooma has achieved significant revenue growth in the quarter and is now forecasting revenue for Q4 2021 in excess of US$5.0 million, or a US$20.3 million annualised run rate,” Ed McDermott, Seed’s CEO, said.
Trident Royalties Plc (AIM: TRR, FSX:5KV) said it was advised by the management of Seduli Sutter Operations Corporations that commissioning and pre-production activities at the Lincoln Gold Mine are proceeding as planned with first gold remaining on schedule for Q4 2021. “We are pleased to see the positive progress being undertaken at Lincoln Gold Mine. The Project is situated in one of the most historically prolific gold regions globally with Seduli uniquely positioned as the owner of the only constructed and permitted processing facility on the Californian Mother Lode,” said Adam Davidson, Chief Executive Officer of Trident.
Emmerson Plc (AIM: EML) provided an update on progress at its Khemisset potash project in Morocco as it moves into the pre-construction phase of development. Emmerson has awarded the first Basic Engineering contract to Barr Engineering for the Mineral Processing Facility. The contract, which was signed on time and within budget, addresses the project’s critical path which is focused on achieving first production early 2024. “The financing deal we secured with GSM and GQC included an upfront cash injection so that we could advance the next stage of the Project’s development, the basic engineering. This is part of the upfront capex, rather than an additional cost, and moves us firmly into the pre-construction phase,” Graham Clarke, Emmerson’s CEO stated.
BlueRock Diamonds PLC (LSE: BRD) announced the sale of three higher value gem quality diamonds with a combined value of USD180,000, as part of the diamond producer’s November tender. Mike Houston, Executive Chairman said, ”The market remains remarkably buoyant as highlighted by our November tender results, which achieved an average value of USD496 per carat; this is up on the pre-Covid prices achieved in 2019 of USD415.”
Empire Metals Limited (AIM:EEE) announce the start of the second phase of Reverse Circulation drilling at the Central Menzies Gold Project in Western Australia, which Empire holds an option to acquire a 75% interest in. ”The results from the September drilling programme indicated the potential of a discovery at the Central Menzies Project, with a significant gold anomaly identified along a 500m strike length at Nugget Patch. The second phase of drilling, which is now underway, will test this anomaly at depth to determine if a higher-grade target persists beneath and further to the southwest,” said Shaun Bunn, Empire Managing Director.
Mila Resources (LSE:MILA) kicked off a 13,500m drill campaign at the Kathleen Valley gold project in Western Australia this week. Its objective is to expand the JORC resource in the southern area of the Project totalling 11,100m, as well as exploring the other two northern targets by drilling an additional 2,400m.
“I am delighted at the progress on the ground at Kathleen Valley. We believe that the current resources and Exploration Target represents just the ‘tip of the iceberg’ and I am extremely excited to see the results as they are received from the assay laboratories,” said Mark Stephenson.
GreenRoc Mining plc (AIM: GROC) announced he full suite of assay results from its drilling and channel sampling programme undertaken at the Amitsoq Island deposit from June to August 2021. These results confirm the high-grade nature of the Amitsoq Island deposit as well as showing the graphite layers to be both thicker, and more consistent, than previously thought. “These results from the 2021 drilling campaign confirm the Amitsoq Island deposit as one of the highest-grade graphite deposits in the world. This update also gives us confidence for the step-out drilling programme which we have planned for 2022 and we are positive about the prospects for the ultimate resumption of mining at the Amitsoq Island deposit” according to CEO, Kirk Adams.
Jubilee Metals Group (LSE: JLP) shared its annual report for the year ended 30 June 2021, with some impressive financial highlights including a 143% uplift in total revenue for the year, earnings growth of 183% and profits rocketing 324%. “As we have done over recent years, our company has experienced another year of significant progress across all aspects of the business. Jubilee has delivered a strong financial performance with growth in all aspects of the business, both in South Africa and in Zambia, during a phase of new build, extension to existing facilities and feed and new project acquisitions,” said Colin Bird, Non-executive chairman.
In case you missed this…
Watch Quantum Exponential’s CEO and CIO Martin Schwedler and Stuart Nicol deliver a presentation on the Investor Meet Company platform: https://www.investormeetcompany.com/
Ferro Alloy’s Nick Bridgen had three interviews this week with: Zak Mir, Proactive and Directors Talk.
Leon Coetzer, CEO of Jubilee Metals, Group plc had an interview with Directors Talk Interviews
CEO of Oracle Power Naheed Memon spoke with Zak Mir on Vox Markets’ CEO Show on the progress of its green hydrogen strategy.
GreenRoc CEO Kirk Adams interview with Vox
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Little Mix taking break after ’10 amazing years’
Whamaggedon Is this the most difficult Christmas game?
Kissing under the mistletoe and dancing banned at work Christmas parties due to Covid
Speaking of Christmas parties, here is a snap of the St Brides Team enjoying fun, frolics and a spot of (slightly crazy!) golf at Swingers last night.