Mining development and exploration company Greatland Gold (GGP) may be starting to give its legion fans what they have been waiting for. It said the Juri Joint Venture with Newcrest Mining Limited will advance to Stage 2 which marks an extension and potential acceleration of the Juri JV exploration programme in the highly prospective Paterson province of Western Australia.
By Zak Mir
United Oil & Gas (UOG) provided an update on the ASX-1X well in the Abu Sennan licence, onshore Egypt. A commercial discovery has been declared at the ASX-1X exploration well, with approval granted from the Minister of Petroleum of the award of a development lease covering this new discovery on 12 October 2021. Partner confidence and experience in Abu Roash C reservoirs has led to the well being brought straight onto production three weeks after initial drilling results. Initial production flow rates from the AR-C were of 870 bopd gross (191 bopd net) on a 64/64″ choke. ASX-1X is the second exploration success to be brought on stream on the Abu Sennan licence in 2021.
Base Resources (BSE) unleashed a Quarterly Activities Report to September 2021. The company noted ongoing strong demand for all products supported further price increases in the quarter. The Kwale Operations mine life was extended to December 2023 following finalisation of a mining lease extension. The Bumamani PFS released concluded that a higher grade subsets of the Bumamani and Kwale North Dune deposits can be economically mined, which would extend the Kwale mine life to mid-2024. Three Tanzanian prospecting licences have been granted, with a fourth pending, and preparatory work for an exploration program commenced.
East Imperial (EISB), the ultra-premium beverages group, announced the formation of a Strategic Advisory Board initially comprising six internationally recognised industry veterans from across the global beverage sector. They will work closely with Tony Burt, CEO, on implementing East Imperial’s growth strategy including deepening the brand’s presence across key regions, further geographic expansion and new product development.
Multi-asset energy development company, Kibo Energy (KIBO) noted that ESS Tech, Inc., a U.S. manufacturer of long-duration batteries for commercial and utility-scale energy storage applications, with whom the company has a strategic collaboration agreement, has completed its previously announced business combination with publicly traded special purpose acquisition company, ACON S2 Acquisition Corp., resulting in ESS becoming a publicly listed company.
Rambler Metals and Mining (RMM), a copper and gold producer, updated its on-going 2021 underground diamond drill program at the Ming Copper-Gold Mine, Baie Verte, Newfoundland and Labrador, Canada. With drill holes in excess of 20m of +2% Copper, and drilling on three of the four infill targets completed, the company said it has improved its confidence in near-term production plans. Rambler’s confidence has been bolstered by the assay results we have seen to date and by the recent development results obtained on 790L of the Upper Footwall Zone.
Minerals exploration and development company, Alien Metals (UFO) updated the market on the Hancock Iron Ore Project Scoping Study. The company said the initial independent Scoping Study for the Hancock Iron Ore Project has demonstrated exceptionally strong returns are possible from a potential development. Initial Life of Mine studies show the current resource will sustain an 8-year life.
Asiamet (ARS) said it continues to expand its high grade BKZ Copper-Zinc-precious metals deposit. The company announced results from an additional two drill holes recently completed as part of the 2021 Resource extension drilling program at its 100% owned KSK Contract of Work located in Central Kalimantan, Indonesia. Nine holes (1,920.7 metres) of a planned 3,000 metre program have been completed to date with assay results pending for a further four holes. High grade Zn-Pb-Cu-Ag-Au mineralisation has been intersected in all five drill holes assayed to date.
Specialist clinical communication company, Feedback (FDBK) announces that it has entered into a memorandum of understanding to embark on a pilot scheme to provide CDC services with Sussex ICS as one of the UK’s CDC exemplar sites. The CDC programme is a £10bn programme designed to help reduce the elective care backlog facing the NHS by bringing diagnostic investigations closer to patients in community settings.
Trident Royalties (TRR) said it note announcements made by Apollo Consolidated Ltd. relating to the proposed acquisition of Apollo by Ramelius. Trident holds a 1.5% NSR gold royalty over Apollo’s flagship Lake Rebecca Gold Project, in Western Australia. The royalty covers the entirety of the Project and its 1.1Moz Mineral Resource.
Gold exploration and development company Lexington Gold (LEX) announced that drilling operations have commenced on its 5,000m Reverse Circulation drilling programme. The drilling programme will consist of a minimum of 5,000m of RC drilling across both the Carolina Belle Project and Jones-Keystone-Loflin Project.
Chesterfield Resources (CHF) said that recent diamond drill holes have intersected further mineralisation that could form a continuation of a known deposit. The company has also applied for four additional mineral exploration licences in Cyprus targeting copper and gold totalling an additional area of 9.29 km².
Condor Gold (CNR) updated on the status of studies underway in support of a Feasibility Study for its fully permitted La India Project, Nicaragua. The FS is being conducted on La India Open Pit and associated mine site infrastructure. The FS Studies currently underway will bring the level of confidence for the Project to the industry standard of engineering design, in order to support +/- 15% capital and operating cost estimates. The company said work is well underway with supporting field and testing studies nearing completion for the final mine design to commence in November 2021, with publication of the FS in the 1st quarter of 2022.
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