The beginning of June feels like warm weather should be starting in earnest but clearly, Britain has other ideas. With only three weeks left until the official start of summer, it does still have some time to get its act together – of course, this is not the only date three weeks away we are counting down to with the final stop in the roadmap out of lockdown set for 21 June.
June also marks Pride Month, a celebration to honour the Stonewall Riots of 1969 in the US which then sparked a wider political movement for equal rights. As the events surrounding the commemoration of its anniversary started becoming more politically driven and gained worldwide traction, it surpassed just one day and become a month-long event.
The month is designated to recognise the impact members of the LGBTQ+ community have had on history and continue to have, and also to reflect upon the struggles that the community faces. It is also a time for education as it draws attention to the many important historical figures that are less widely known.
This Pride Month, Google honoured Dr Frank Kameny on their homepage, who was a WWII veteran and astronomer before becoming an activist. He was banned from his job in the federal government due to his homosexuality, which started his lifelong battle for equal rights having filed the first gay rights appeal to the US Supreme Court. Despite it being denied, he didn’t stop there and successfully challenged the classification of homosexuality as a mental disorder and, during his lifetime, the Civil Service Commission reversed the ban he faced on LGBTQ+ employees and even received an official apology from the US government in 2009. Referred to as one of the most prominent figures of the US LGBTQ+ rights movement, his courage and determination paved the way for others to live and love freely.
Scotgold Resources Limited (AIM: SGZ) provided a production and corporate update on its mine production and processing performance for the Cononish Project in Scotland. Both gold concentrate and gravity separated gold Dore has been produced at the mine. A first shipment of 25 tonnes of concentrate was made on 11th May 2021, representing a major milestone for Scotgold. The mine and process plant performance is highly encouraging to date with high quality of ore mined and produced through the process plant.
Ferro Alloy Resources Limited (AIM: FAR) has completed the Initial Investment by Vision Blue as announced on 15 March 2021, following the fulfilment of all necessary conditions. A further investment of US$1.6m has been invested by Vision Blue in addition to the investment of US$1.5m already made. Sir Mick Davis has now been appointed as Chairman and Peet Nienaber has been appointed as Non-Executive Director. The completion of the second stage of investment allows the company to continue to make fast progress on expanding the existing vanadium concentrate processing operation and expand the ongoing feasibility study.
Contango Holdings Plc (LSE: CGO) provided a summary of recent work undertaken at the Garalo-Ntiela Gold Project Area in Mali. The programme was designed to assist in its previously reported fast tracking of the project to bring it into production by the end of 2021. Majority of exploration activities have focused on the Garalo permit as early production and cash generation is prioritised, as the permit has a demonstrated potential for a 2Moz Resource. Work on the Ntiela concession continues to yield encouraging results with two major structures intersected already. 8,000m of additional RC drilling are planned as part of the work programme. Contango has also entered into a Convertible Loan for £1m at a fixed conversion price of 6p per share and carries zero interest.
Jubilee Metals Group Plc (AIM: JLP) has had a busy week entering into a number of long term PGM feed supply agreements to expand its PGM Operations in the Eastern Limb of Bushveld Complex, SA. They also acquired a total of over 1.2 million tonnes of PGM containing chrome tailings this week for processing at Inyoni, 255k in the Western Limb and 966k in the Eastern Limb, really planting its presence there. In addition, and in line with its chrome strategy, the final stages of the commissioning of the chrome beneficiation plant in South Africa have been entered into with completion anticipated by the end of Q2 2021.
Emmerson Plc (AIM: EML) announced that Non Executive Director Edward McDermott has purchased 775,000 ordinary shares in the capital of the company. This brings his total shares to 1,250,000 Ordinary Shares, representing 0.15% of the company’s capital.
Cora Gold (AIM: CORA) has entered into a joint venture agreement in respect of the Farani Permit which lies within its Yanfolila Project Area. This addition to Cora’s portfolio reinforces its focus on southern Mali and strengthens its position in the region. Farani also neighbours its wholly owned Tagan permit and Cora is earning up to 95% interest through the payment of staged fees to the JV partner.
Additionally, Cora announced a third set of drill results from its largest ever drilling campaign at its Sanankoro Gold Project. This includes the best hole of the campaign to date at 19m @ 4 g/t Au from 13m depth. These strong results are encouraging as they are returned from areas of limited historical drilling. Over 13,000m of the planned 35,000m has now been completed as part of the programme.
Europa Oil & Gas (Holdings) Plc (AIM: EOG) announced that it has been advised by the operator that consent has been received from the North Lincolnshire Council for the storage of crude oil at the Wressle Oil Field Development. This allows full use of the installed oil storage capacity at the site of approximately 2000 barrels, enabling full production from the conventional Wressle-1 well to be realised. This also enables the proppant squeeze in June to maximise Wressle’s production rates.
Vast Resources Plc (AIM: VAST) published new video footage taken at the Baita Plai Polymetallic Mine in Romania. This was recorded by the management team during a recent trip by the senior executive team and highlights the uninterrupted end to end processing chain. Baita Plai continues to ramp up in line with the mine upgrade plan which continues to make encouraging progress. View it here.
Oracle Power Plc (AIM: ORCP) has been granted an exploration tenement which contains the Jundee East Gold Project in Western Australia. The E53/2140 tenement represents a previously unrecognised significant greenstone belt, which lies near one of Australia’s largest gold mines. This milestone grant allows drilling to commence following the completion of final targeting programmes. Initial orientation soil geochemistry results are expected soon which will be integrated with the recent gravity survey over previously reported prime targets.
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