Jubilee Metals Group Plc (AIM: JLP) has nearly doubled its rights to copper tailings in Zambia after successfully concluding transactions to secure the rights to an additional 115 million tonnes of copper and cobalt containing surface tailings. Jubilee is on track to deliver on its previously stated objective to expand operations in Zambia as well as its copper producing capacity through its secured pipeline of copper projects. Significant progress of its Zambian copper strategy has been made within the last 14 months with the commissioning a fully operational copper refinery, and the completion of three transactions which have now secured access to a total of 270 million tonnes of material. Importantly this will deliver long term sustained earnings for shareholders.
Dekel Agri-Vision (AIM: DKL) upped its stake in the large scale raw cashew nut processing project it is developing at Tiebissou in Cote d’Ivoire to 52%. Dekel achieved its long standing objective to secure a controlling interest in the Cashew Project after it acquired an additional 14.2% interest in the project from Concordia Corp in exchange for new shares in Dekel, a major vote of confidence in the West African focused agriculture company. The acquisition of the additional interest is well-timed as operations remain on course to commence in Q2 2021 at which point Tiebissou will become Dekel’s second producing project alongside its established palm oil operation.
Cora Gold Limited (AIM: CORA) has commenced its new field programme at the Sanankoro Gold Project in the Yanfolila Gold Belt in Mali, following the new drill discovery at Dako II. The 1.5km long gold discovery opens up the Fie resource corridor into the Bokoro and Bokoro East permits to the discovery of new truckable resources. Delivering the Definitive Feasibility Study before the end of 2021 continues to be the company’s main focus, with drilling out a larger resource at Sanankoro making up a key part of its current strategy to deliver a new resource statement next year.
Empire Metals Limited (AIM: EEE) announced the further reverse circulation drilling results at the Eclipse Gold Project in Australia. The drilling has so far been focused on the Eclipse target within the license with a total of 2,178m drilled of the total planned 44-hole, 2,600m programme. The encouraging results of the drilling confirm that the mineralisation remains open at depth and along strike and supports extensions to the high-grade vein previously exploited. Drilling has also commenced at the second target, Houdini.
Jangada Mines Plc (AIM: JAN) noted the announcement of ValOre Metals Corp., in which it holds a 17.68% interest. ValOre announced metallurgical results for two preliminary Platsol™ tests, and the initiation of multiple optimization studies for its 100%-owned Pedra Branca PGE Project in northeastern Brazil., building on its recent momentum at the project. With metallurgical recovery rates of in excess of 93% for palladium and 95% for platinum using the Platsol process, the company is now focused on rapidly optimizing the conditions, procedures and processes to further maximise the upside potential of the project.
Harvest Minerals Limited (LSE: HMI) has concluded the expansion of the Mining and Storage Areas at its 100% owned Arapua Fertiliser Project in Brazil, as well as having signed an agreement with Banco do Brasil to provide credit lines to fund clients’ KPFertil orders. The 300% expansion of the storage capacity is key to providing Harvest with the necessary capacity and flexibility to meet the demand for KPFertil, and was successfully completed on schedule and under budget.
You may have missed…
CEO of Jubilee Metals Plc (AIM: JBL) spoke with Directors Talk on the recent transactions nearly doubling its access to copper and cobalt tailings as well as its overall strategy.
CEO of Vast Resources (AIM: VAST) Andrew Prelea spoke with London South East’s Donald Leggatt on the recent developments at Baita Plai and what the future holds for the company.
Scotgold Resources (AIM: SGZ) CEO, Richard Gray presented at the Shares Investor Evening discussing the Cononish Gold and Silver Mine in Scotland which is targeting first gold by 30 November 2020.
In the news this week…
This month’s AIM Journal highlights AIM’s strong performance this year – still 6.6% ahead over 12 months, in comparison to the FTSE 100 which has fallen by more than a fifth over the same period.
In a world first, Swedish supermarket The Climate Store lists grocery items’ prices according to their carbon footprint.
Taiwan marks 200 days without any domestic Covid-19 infections.
A study by the University of Leeds has found that watching 30mins of cute animal videos and images can help reduce stress levels by up to 50% – during this stressful week(/year!), here are some animal videos to help.
Here is a list of the differences to be aware of between this lockdown and the last.
A brief history of Guy Fawkes night.