Daily Banking News
$42.39
-0.38%
$164.24
-0.07%
$60.78
+0.07%
$32.38
+1.31%
$260.02
+0.21%
$372.02
+0.18%
$78.71
-0.06%
$103.99
-0.51%
$76.53
+1.19%
$2.81
-0.71%
$20.46
+0.34%
$72.10
+0.28%
$67.30
+0.42%

Great Western Mining Corporation PLC, Arkle Resources PLC, Tirupati Graphite PLC,


() has announced the first pour of gold and silver at its Mineral Jackpot property. The company produced a doré bar as a pilot exercise using material from test spoil heaps on the Mineral Jackpot property, which is in Mineral County, Nevada.

() has identified gold-bearing vein outcrops at the Inishowen project in Ireland. Recent trenching showed grades as high as  40.7 grams per tonne gold in a 10 centimetre quartz vein 85 metres along strike from a high grade hole drilled in 2016.

PLC () has said it is fast-tracking the expansion of primary graphite output from its Vatomina and Sahamamy projects in Madagascar. The company is on track to commission Vatomina in the second quarter of 2021 and to build production to 6,000 tonnes per year.

() () () is eagerly awaiting assay results from Big One Deposit of the Mt Oxide Copper Project in northwest Queensland that are expected to provide an entree for a “transformative” year in 2021. During the fourth quarter of 2020, the drilling contractor completed 20 drill-holes at Big One and the board is targeting to shortly release complete drill logs and relevant observations for all 20 drill-holes in two to three batches.

() announced the start of the second phase of reverse circulation drilling and other field studies at the Eclipse Gold Project in Western Australia. The miner said it is a 4,000-metre drilling programme, comprising over 40 holes, designed to infill the first phase drilling as well as test extensions to the mineralisation at Eclipse both along strike and at depth, including better definition of the near-surface resource potential.

Limited () said it has received further key approvals for the BKM copper project in Indonesia. The AIM-listed company said it has received approval from the governor of Central Kalimantan after demonstrating the technical and commercial viability of the project, with the provincial government and local communities having now provided their support for the project advancing to the development stage.

PLC () has updated on exploration work at the Ditau project in Botswana, which is prospective for rare earths and includes two prospecting licences held in a joint venture with (). The first stage of orientation work at Ditau is now complete, the pair said, including geophysical and geochemical surveys.

() has confirmed an increased quarterly dividend, to be paid later this month. At 11 US cents per share, the dividend is up 10% from the prior quarterly dividend of 210 US cents, paid in October.

() chief executive, Graham Clarke has outlined the company’s position in a letter to shareholders. “Emmerson has continued to flourish safely,” he said in the letter. “Key milestones were achieved during 2020. The coming year is looking no less busy as we advance our exciting Khemisset potash project towards construction and production.”

() said it has spent around A$146,000 on increasing its stake in to around 17.72%. The investor in natural resources bought 1.23mln shares in the Aussie-listed gold explorer at an average price of around A$0.1193 a share.

() has said it is to raise £570,000 by issuing shares to some existing shareholders and directors at 4p a pop. As well as issuing 14.25mln shares to raise fresh capital, the company has issued 308,793 shares to satisfy a liability.

() has provided an update on historical development cost reimbursement negotiations with China Machinery Engineering Corporation (CMEC) for work on the integrated Ncondezi 300MW coal-fired power project and coal mine in Tete, Mozambique. “It is with great pleasure that we update investors on the positive progress regarding agreement of project historical development costs to be reimbursed to the company at financial close,” said Ncondezi chief executive Hanno Pengilly in a statement.

Earlier in the week Pembridge said an operator arrangement in relation to the Minto mine in the Yukon in Canada has been terminated as of January 1,…



Read More: Great Western Mining Corporation PLC, Arkle Resources PLC, Tirupati Graphite PLC,

Get real time updates directly on you device, subscribe now.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.