Weekly Mining Highlights, 3rd August 2019

 

It was another busy week for London’s small-cap miners.

Metal Tiger reported encouraging drilling results from the Reung Kiet lithium project in Thailand
(image via @metaltigerplc Terry Grammer and Rick Rule Symposium river cruise)

 

Proactive weekly mining highlights: AfriTin Mining, Bushveld Minerals, Pure Gold Mining

 

By Proactive Investors

Polymetal has exchanged US$10mln worth of convertible loan notes in Chaarat Gold Holdings (LON: CGH) for just over 14.6mln shares, which Chaarat chief Artem Volynet’s said was as “an endorsement” of the company’s strategy.

Chaarat also said it is confident of meeting its targets at the Kapan mine in Armenia by the end of the third quarter.

AfriTin Mining Ltd (LON: ATM) has completed the construction of a new plant at its flagship Uis Tin Mine in Namibia.

Pure Gold Mining Inc (LON: PUR) (OTCMKTS: LRTNF) reported more positive news Tuesday as it revealed latest surface drilling at the Madsen Red Lake project had resulted in several bonanza grade gold finds.

Salt Lake Potash Ltd (LON: SO4) has completed construction of its first two commercial-scale evaporation ponds and has begun pumping of sulphate of potash (SOP) brine.

Power Metal Resources PLC (LON: POW) said ground geophysics work is close to completion at the Molopo Farms nickel-copper complex in Botswana.

Tharisa PLC (LON: THS) is to press ahead with the construction of a proprietary Vulcan Plant at its platinum and chrome mine in South Africa.

Anglesey Mining PLC (LON: AYM) says the detailed review of its Parys Mountain project in Wales has identified several ways to improve its economics.

READ
Share Talk Bulletin Board Heroes, Monday 14th October 2019

Metal Tiger Plc (LON: MTR) 59%-owned Kalahari Metals Ltd has received environmental approval for the Okavango copper project in Botswana, paving the way for drilling to start.

Sunrise Resources PLC (LON: SRES) is now on the regulatory fast track with its permitting application for the CS project in Nevada, USA.

Bushveld Minerals Limited (LON: BMN) said the Vametco vanadium mine in South Africa is on course to meet full-year production guidance.

Arc Minerals Ltd (LON: ARCM) will only pay 16% of the cash costs for the drilling programme at its Zamsort copper-cobalt project in Zambia after agreeing a drill-for-equity deal with the local contractor.

Metal Tiger Plc (LON: MTR) said drilling results from the Reung Kiet lithium project in Thailand confirm wide intersections of lepidolite hosting pegmatite below the shallow historical open pit.

Power Metal Resources PLC (LON: POW) took an option over 70% of a licence to the north and east of the Tondo cobalt-copper mine in the DRC.

Thor Mining PLC (LON: THR) is continuing to engage in talks regarding funding for its Molhil tungsten project in Australia.

Bacanora Lithium PLC (LON: BCN) says the first of the three approvals required for Chinese firm Ganfeng to take a strategic stake has been granted.

Metal Tiger Plc’s (LON: MTR) 59%-owned Kalahari Metals Ltd has received environmental approval for the Okavango copper project in Botswana, paving the way for drilling to start.

 

Source www.proactiveinvestors.co.uk

 

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.

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Weekly Mining Highlights, 29th September 2019

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