Alien Metals Ltd (LON:UFO) has completed a detailed geological mapping and sampling programme at the Hamersley iron ore projects in Australia. Field observations indicate that the BHP 19 and BHP 20 prospects may be part of a larger system and additional prospective iron ore units have been mapped at the Brockman iron project.
Greatland Gold PLC (LON:GGP) has provided an update on Newcrest’s drilling campaign at Greatland’s Havieron deposit in the Paterson region of Western Australia which includes the best intercept at the project to date. The AIM-listed precious and base metals exploration and development company noted the release of an ASX announcement titled ” Newcrest Quarterly Exploration Report” by Newcrest Mining Ltd earlier on Thursday.
Shares in Kaz Minerals (LON:KAZ) rose to an 18-month high of 625p, after it was revealed that the company is to be taken private by a consortium led by two directors. The offer is priced at 640p per share and is being recommended by the company’s independent directors.
Ariana Resources PLC (LON:AAU) is progressing with its proposed new joint venture with Özaltin Holding A.S. and with Proccea Construction Co. Özaltin will be acquiring 53% of both the Salinbas project and the existing Zenit Madencilik joint venture which is currently owned by Ariana in a 50:50 partnership with Proccea.
Anglesey Mining PLC (LON:AYM) said its12%-owned associate Labrador Iron Mines Holdings (LIM) has started work on a Preliminary Economic Assessment for its Houston project in Labrador, Canada. It is the first development of LIM’s assets since production halted in 2014 because of the low iron ore price, said Anglesey.
Glencore PLC (LON:GLEN) further reduced guidance for coal production but reported improved production of copper, zinc, gold and silver in the third quarter of 2020. Coal and nickel output lessened in the three months to end-September, as expected after production guidance was reduced at the half-year stage.
Power Metal Resources PLC (LON:POW) said it will maintain its stake in Kalahari Key Mineral Exploration by taking up its rights in full in a share issue by the privately-owned explorer. Kalahari Key currently holds 100% of the Molopo Farms Complex nickel sulphide and platinum-group metal project in Botswana.
Vast Resources PLC (LON:VAST) has published a JORC compliant Resource & Reserve Report for its 80%-owned Baita Plai Polymetallic Mine in Romania. Measured, Indicated & Inferred mineral resources are estimated at 608,000 (gross)/486,400 (net attributable to Vast) tonnes at 2.58% copper equivalent.
Chaarat Gold PLC (LON:CGH) said it is changing focus to hit its production target this year due to the fighting in Nagorno-Karabakh, which is 150 kilometres from its Kapan gold mine in Armenia. Artem Volynets, Chaarat’s chief executive, said that In preparation for any possible operational disruptions during this current quarter it is targeting higher-grade ore at Kapan to offset potential lower capacity through the plant and to ensure that full-year guidance is met
IronRidge Resources Ltd (LON:IRR) revealed final results from its second phase drilling programme at the Ebilassokro and Ehuasso targets, both within the Zaranou gold project area in Cote D’Ivoire. The licence borders with Ghana and is along strike from significant operating gold mines including Chirano, Bibiani and Ahafo.
Kodal Minerals PLC (LON:KOD) said it is “well funded” to continue development of its Bougouni lithium project in southern Mali as it secured additional financing from a loan agreement. In an update, the mineral explorer said the second and final advance of US$750,000 under its US$1.5mln convertible loan note agreement with Riverfort Global Opportunities and YA II PN Ltd meant it had sufficient funds to continue the gold exploration strategy at Bougouni,
Cornish Lithium Ltd has appointed Varshan Gokool as its chief financial officer. Gokool will join the Cornish Lithium executive team to assist in the development of lithium projects in Cornwall in an economically and financially robust framework.
Condor Gold PLC (LON:CNR)(TSE:COG) has commenced a ground investigation program consisting of 20 geotechnical drill holes and 58 test pits on the tailings storage facility, water retention reservoir and processing plant site at La India project, Nicaragua.
Ferro-Alloy Resources Ltd (LON:FAR) has made its first commercial production and sale of calcium molybdate. Calcium molybdate (CaMoO4) is used in the production of ferromolybdenum, molybdenum-containing alloys, ceramics and direct alloying of steel and alloys with molybdenum in electric arc furnaces.