The transformation of Bezant Resources PLC (LON:BZT) is proceeding apace, as due diligence is underway and proceeding as planned on the Hope copper-gold project in Namibia, which the company is in the process of acquiring.
Red Rock Resources PLC (LON:RRR) and Power Metal Resources PLC (LON:POW) have updated on progress at the Blue Ribbon license in Victoria, Australia, which is owned by their joint venture, Red Rock Australasia (RRAL). As a result of the data, Blue Ribbon is now a priority target for RRAL, with next exploration steps including the finalisation of drill targets and the implementation of a three-hole, 1000 metre drill program.
Anglo Asian Mining PLC (LON:AAZ) has reported that it raked in an extra US$3.2mln in cash in the second quarter of 2020. After the three months to June 30, the Azerbaijan-focused miner said its cash balance stood at US$29.2mln at the end of the period, while gold production in the quarter had come in at 12,048 ounces (oz).
Strategic Minerals PLC (LON:SML) has boosted sales at the Cobre magnetite project in the US, despite the disruption of the coronavirus pandemic. Quarterly sales were up 89% on quarter-end June 2019 and ahead 38% year-on-year.
Bezant Resources PLC (LON:BZT) told investors that due diligence for its proposed acquisition of the Hope Gold project in Namibia, is “progressing as anticipated” as it provided new details from ongoing technical work.
Minergy Ltd (BSE:MIN) owns the Masama coal project in Botswana. “We have come such a long way and are pleased with developments at the mine site,” said Morné du Plessis, Minergy’s chief executive.
Ora Banda Mining Ltd (ASX:OBM) (FRA:M6N) has awarded the engineering, procurement and construction (EPC) contract associated with the restart of the Davyhurst Gold Processing Plant in Western Australia to GR Engineering Services Limited (ASX:GNG).
Regency Mines PLC (LON: RGM) has reported a positive outcome from the Warden’s Hearing in Papua New Guinea in relation to its Mambare nickel project. Regency’s joint venture partner attended the hearing. Earlier in the week, Regency said it is initiating exploration for the 2020 season at the 50%-owned Dempster vanadium project in Canada.
Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (OTCMKTS:WHELF) has been granted green label certification for debt issued to develop its Lake Way Sulphate of Potash (SOP) Project, which confirms the Western Australian project’s positive environmental aspects.
Power Metal Resource PLC (LON:POW) said its two key strategic objectives, are to make one or more major metal discoveries within its portfolio and then crystallise the value of such discoveries for shareholders’ benefit.
Metal Tiger PLC (LON:MTR) told investors it has subscribed for A$500,000 of shares in Artemis Resources Limited, taking up 7.14mln new shares at 7 Australian cents per share. Earlier in the week Metal Tiger said it has entered into a further equity derivative collar financing arrangement against Sandfire shares, while also revealing that a prospectus has been lodged in Australia for the planned initial public offering of Pan Asia Metals Ltd, in which it currently holds a 7.29% stake.
Galileo Resources PLC (LON:GLR) has announced the appointments of two highly experienced and successful Kalahari Copper Belt exploration geologists, Dr Quinton Hills and Fred Nhiwatiwa as members of the company’s senior management to provide assistance with its exploration projects in Botswana.
There’s more than £800,000 of new money in the Cornish Lithium kitty now, following a rights issue conducted successfully by the company’s founder and chief executive earlier this month. Jeremy Wrathall wanted to ensure that the company remained in a good position despite the uncertainty caused by the coronavirus pandemic and that work could continue unabated given recent encouraging results.
BlueRock Diamonds PLC (LON:BRD) has raised £1.25mln to fast track growth plans and strengthen its balance sheet.
Panther Metals PLC (LON:PALM) has placed just over 3.8mln shares at 6.5p each to raise £250,000.