Proactive weekly mining round-up; Greatland Gold, Asiamet Resources, Caledonia Mining…

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Greatland Gold PLC (LON:GGP) revealed a maiden mineral resource for the Havieron deposit in Western Australia of 4.2mln ounces of gold equivalent. The initial inferred resource estimate comprises 3.4mln oz of gold and is centred on the South East Crescent and adjacent Breccia and includes a portion of the Northern Breccia.

Asiamet Resources Limited (LON:ARS) said the US$163mln disposal of its BKM prospect in Kalimantan, Indonesia, has been affected by coronavirus (COVID-19) disruption but it expects to complete it by the end of 2020. The junior has a non-binding agreement for Indonesian group PT Win to acquire the subsidiary that owns the KSK licence that contains BKM.

Caledonia Mining Corporation PLC (LON:CMCL) said it has entered into an option agreement regarding the Glen Hume area. The property is located in the Gweru mining district in the Zimbabwe Midlands that has historically produced significant quantities of gold, the miner said.

Metal Tiger PLC (LON:MTR) has borrowed a further A$1.1mln, using its Sandfire shares as security. This is the sixth such financing arrangement taken out by Metal Tiger.

AEX Gold Inc. (LON:AEXG) (CVE:AEX) said it has been granted a new Mineral Exploration Licence in South Greenland by the Mineral Licence and Safety Authority (MLSA). Kangerluarsuk (MEL 2021-02) covers 335 square kilometres in South Greenland

Pure Gold Mining Inc. (CVE:PGM) (LON:PUR) (OTCMKTS:LRTNF) said underground exploration drilling has intersected high-grade gold mineralization near the existing main ramp access at the PureGold Red Lake Mine in Ontario, Canada. The company said drilling has successfully extended gold mineralization out from planned stopes and discovered new gold zones.

Pembridge Resources PLC (LON:PERE) announced its third shipment of copper concentrate following the reopening of the Minto mine in Yukon, Canada 

Cornish Lithium Ltd is to accelerate the Trelavour hard rock lithium project near St Austell, following the successful production of nominal battery-grade lithium hydroxide. 

AfriTin Mining Ltd (LON:ATM) has achieved nameplate tin concentrate production at its Uis mine in Namibia. The company completed production ramp-up for stage I of phase 1 during November 2020.

Ariana Resources PLC (LON:AAU) has completed conditional agreements on its joint venture with Özaltin Holding A.Ş and with Proccea Construction. The joint venture with Özaltin and Proccea involves the partial disposal of the interests of the company in Zenit and Pontid in exchange for US$35.75mln in cash.  

Panthera Resources PLC (LON:PAT) said its associated company, Moydow Holdings Limited (Moydow), has secured all the previous drilling, geological, geochemical and geophysical data on the Labola Project, collected by High River Gold Mines Limited (HRG). Panthera said the data will greatly assist the programme required to estimate a maiden mineral resource at Labola.

Anglesey Mining PLC (LON:AYM) said it is “much encouraged” by a positive outlook for commodity prices and “increased investor interest” over the last few months and the group added that it has made advances on a number of fronts. The firm also said it is looking forward to the completion of a preliminary economic assessment report (PEA) at its Parys Mountain project in North Wales, 

Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (FRA:W1D) has received binding commitments for a successful share placement to institutional shareholders and investors for up to 130 million new ordinary shares at 40 cents each to raise up to A$52mln.

Empire Metals Ltd (LON:EEE) has exercised its option to acquire 75% of the Eclipse gold project in Western Australia. Highlight assay results to date included grades up to 6.5 grams per tonne over 5 metres.

Irish explorer Arkle Resources PLC (LON:ARK) in an operations update told investors that trenching has begun at the Inishowen project, in Donegal, as it aims to unearth expansions of gold veins discovered in 2016. The company also noted that Group Eleven’s drilling at the Stonepark zinc project, in Limerick, where Arkle retains a 23.44% interest, has completed and results are expected in January.

Vast Resources PLC (LON:VAST) has received the cash proceeds from the first commercial sale of concentrate produced at its Baita Plai polymetallic mine in Romania. The delivery of the concentrate was announced on November 26. The second commercial sale of concentrate produced at Baita Plai is expected to conclude in December 2020.

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