Greatland Gold PLC (LON:GGP), the precious and base metals exploration and development company, has announced “excellent results” from the drilling campaign at the Havieron deposit.
The latest results from the project, located in the Paterson region of Western Australia, further highlight the potential for extensions to the initial resource published last December, Greatland said in its stock market release.
IronRidge Resources Limited (LON:IRR) said it raised £12mln in an oversubscribed fundraising to help bankroll the development of its lithium and gold projects in the African nations of Ghana, Côte d’Ivoire and Chad. The company raised the funds through the subscription and placing of 60mln new shares at a price of 20p each, a 6.3% discount to its closing price on Monday.
Bushveld Minerals Ltd (LON:BMN) announced Mustang Energy PLC (LON:MUST) is acquiring an indirect interest of 11.05% in Enerox GmbH. Enerox is a vanadium redox flow battery manufacturer providing grid scale and micro-grid energy storage solutions. Bushveld holds an indirect 25.25% stake in Enerox.
Chaarat Gold Holdings Ltd (LON:CGH) produced 16,174 ounces of gold equivalent from its mine in Armenia during the quarter to 31 March 2021, an increase of 21% on first quarter of the previous year. All-in-sustaining costs rang in at US$1,024, a comfortable margin on the current gold price of over US$1,750.
SDG ‘The Skinny Drinks Group’ (PRIVATE:SKTON), the company behind the first zero-calorie, zero sugar, and 100% natural mixer to launch nationwide in the UK, has been included in the list of InnoBev Awards Finalists for 2021. The company, which changed its name from Skinny Tonic earlier this month, noted that the winners will be announced on Tuesday, May 11, in a virtual awards ceremony during the 2021 UK Soft Drinks Conference. In other news, SDG also announced the introduction of a new brand flavour – Blueberry.
Empire Metals Ltd (LON:EEE) commenced the next phase of its exploration work at its Eclipse gold project, located 55km north-east of Kalgoorlie, Western Australia. The programme includes resource drilling at the Eclipse Mine target, where 200 metres of diamond drilling in three holes will be undertaken to duplicate selected recent reverse circulation drillholes for resource estimation purposes.
Great Western Mining Corporation PLC (LON:GWMO) highlighted ‘positive initial indications’ from four holes recently drilled at the Trafalgar Hill prospect area, which is part of the Olympic Gold project in Nevada. Executive chairman Brian Hall described an “excellent start to a busy 2021 work season”.
Emmerson PLC (LON:EML) confirmed the admission of its shares to trading on AIM after moving from London’s main market. Following the retirement of non-executive chairman Mark Connelly, director James Kelly has taken up the role.
Power Metal Resources PLC (LON:POW) is to acquire a 75% strategic interest in a UK special acquisition vehicle which will in turn acquire outright First Development Resources Ltd, an Australian private company. FDR Australia holds a portfolio of copper-gold focused exploration interests in the Paterson Province in the eastern Pilbara Region of Western Australia.
AEX Gold Inc (LON:AEXG) (CVE:AEX) said it is working towards de-risking the Nalunaq Project as much as possible and increase the scale and value of the resource. Once it will complete the feasibility level engineering study and incorporated the updated resource model, the miner will proceed directly with the revised development plan for Nalunaq.
Ariana Resources PLC (LON:AAU) said drilling at the Arzu North prospect in Turkey has indicated resources sufficient to extend the Kiziltepe mine by a year.n Multiple intersections were reported that could be used to extend the existing Arzu North open pit at the Kiziltepe mine, said the statement.
Base Resources Limited (LON:BSE) highlighted an upgrade to its 2021 production guidance for the Kwale operations in Kenya as it this morning issued its quarterly activities update. The company said it expects higher volumes of both ilmenite and zircon.