A look back at some of the top news from London’s small-cap miners.
Circum, in which Premier owns more than 5mln shares worth US$6.2mln, is looking to raise funds through a combination of debt and equity to support the development of the Danakil potash project in Ethiopia.
The company also said it had completed its loan to MN Holdings Limited, while its chairman Neil Herbert has also joined the board of the junior.
Orion is one of the market’s largest financiers of mining projects with around US$5.1bn currently under management.
Gemstone group Shefa Gems Ltd‘s (SEFA) said its focus over the next six months will be to get a permit to start trial mining at the Kishon Mid-Reach Zone 1 in Israel.
A technical feasibility study in February indicated that an alluvial mine at KMR 1 can process 1.5 Mt of gravel over an 11-year life at a cost at the lower end of the cost curve.
In its half-year results, Mkango Resources Ltd (LON:MKA) (CVE:MKA) said it is targeting the advancement of its Songwe Hill project in Malawi while looking to downstream opportunities relating to the rare earths supply chain.
Commissioning of the concentrator plant has begun with ore to be introduced and production to start next month.
Power Metal Resources PLC (LON:POW) said six high priority drill targets have been identified at the Molopo Farms Complex project in Botswana following a ground geophysics programme that was completed earlier this month.
Burundi-based Rainbow Rare Earths PLC (LON:RBW) changed its senior management with George Bennett taking over as chief executive.
The latest holes saw grades between 2.55 – 0.82 g/t gold at widths of 10.5m to 28.5m.
The gold miner said gross income from the Kiziltepe mine in Turkey in the second quarter was US$9.69mln at an average realised gold price of US$1,307 per ounce.
Resolute Mining Limited (ASX:RSG) (LON:RSG) started the first stage of the Ravenswood Expansion Project (REP) at Ravenswood Gold Mine in Queensland, Australia, targeting annual production of 80,000 ounces.
Article originally published by proactive investors. Share Talk is not responsible for its content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.
NO INVESTMENT ADVICE
The above has been published by Proactive Investors Limited (the “Company”) on its website and is made available subject to the terms and conditions of use of its website (see T&C )
All copyrights @proactive_UK
All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned