Proactive weekly mining highlights: Horizonte Minerals, Oracle Power, Caledonia Mining…


Horizonte Minerals PLC (AIM:HZM, TSX:HZM, OTC:HZMMF, FRA:H5W) reiterated its confidence that financing of the Araguaia nickel project in Brazil is nearing completion, as it announced half-year results.

Oracle Power PLC (AIM:ORCP) has announced that the Department of Mines, Industry Regulation and Safety of Western Australia, has approved its Programme of Work for the Northern Zone Gold Project.

Caledonia Mining Corporation PLC (AIM:CMCL, NYSEMKT:CMCL, FRA:9CD1) said its earnings doubled in the three months to end June as it set a new gold production record for a second quarter.

Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF, FRA:T2X) released a new round of drill results from its Makosa North prospect in Senegal that revealed more about the Douta gold project’s potential.

Pan African Resources PLC (AIM:PAF, OTCQX:PAFRY, JSE:PAN, FRA:RTZ, OTCQX:PAFRF) said it agreed a multi-year wage deal with two unions at its Barberton gold mines in South Africa.

Conroy Gold and Natural Resources PLC (AIM:CGNR, FRA:FKV1) announced significant gold intersections from drilling in the Cargalisgorran section of its Clay Lake gold target in the Longford-Down Massif in Ireland, where it has discovered a new 65km long gold zone.

Danakali Ltd (ASX:DNK, LSE:DNK, OTC:SBMSF) has requested to cancel the admission of its ordinary shares from the London Stock Exchange (LSE) in a move described as being in the interests of shareholders.

Eurasia Mining PLC (AIM:EUA, FRA:EUH) has announced that three plants have now been successfully commissioned at West Kytlim.

Condor Gold PLC (AIM:CNR, TSX:COG, FRA:W5XA, OTC:CNDGF) highlighted the progress made on its La India project in Nicaragua alongside its interim results.

Ariana Resources PLC (AIM:AAU, FRA:4A6) announced positive drilling results from the Arzu Central area of the Kiziltepe gold-silver mine in western Turkey.

Alien Metals Ltd (LSE:UFO) said the latest results from the Hancock iron ore project in the Pilbara region of Western Australia support the project’s potential of becoming a standalone direct shipping ore (DSO) producer.

Greatland Gold PLC (AIM:GGP, OTC:GRLGF, FRA:G8G) has appointed a new group mining engineer with over twenty years’ experience in international mining and consulting roles.

Thor Mining PLC (AIM:THR, FRA:T5MC, OTCQB:THORF, ASX:THR) raised GBP800,000 in a private placement to fund exploration activities on its projects, particularly the Ragged Range gold and nickel prospects in the Pilbara, Western Australia.

Salt Lake Potash Ltd (AIM:SO4, ASX:SO4, OTC:WHELF, LSE:SO4) board of directors have demonstrated faith in the company’s potash strategy through participation in a placement after receiving shareholder approval.

ECR Minerals PLC (AIM:ECR, FRA:IZGH) has unveiled initial results from its first drilling campaign at Cherry Tree (HR4), located on its Bailieston project in Victoria, Australia. The company said highlights from the drilling included Hole BCTDD001, the first ever diamond drilling work undertaken at HR4, which has delineated an anticlinal hinge striking through the centre of the goldfield.

Shanta Gold Ltd announced further high-grade drilling results from its West Kenya gold project, with visible gold identified in two intersections across 13 holes drilled in the second phase of its drilling programme.

Vast Resources PLC (AIM:VAST) said it reached an agreement to restructure convertible bonds issued to Atlas Special Opportunities LCC, announced in January 2020, into a non-equity linked extended loan.

Castillo Copper Ltd (LSE:CCZ, FRA:7OR, ASX:CCZ) has logistics in place at the Mt Oxide Project’s prime Arya prospect within the Mt Isa copper-belt of northwest Queensland to test drill key targets identified by BHP during the mid-1990s, including one estimated at 130 metres thick.

Red Rock Resources PLC (AIM:RRR, FRA:R2TA) said reverse circulation drilling at the Luanshimba copper-cobalt project in the Democratic Republic of Congo is now proceeding satisfactorily after slow initial progress. The firm and Power Metal Resources PLC (AIM:POW, FRA:2M5) are also now looking at London as the preferred location for an IPO of their Australian gold joint venture, Red Rock Australasia Pty Ltd (RRAL), rather than Canada.

BlueRock Diamonds PLC has discovered of a 21.56 carat diamond at its Kareevlei project in South Africa.

Caerus Mineral Resources Plc (LSE:CMRS) said it has completed its acquisition of Gold Mines (Cyprus) Limited for a total consideration of GBP300,000, funded through the recent disposal of the Black Pine nickel-cobalt project and associated licences as announced on 29 July 2021.

Trident Royalties PLC (AIM:TRR, FRA:5KV) has noted recent announcements from by Apollo Consolidated Ltd (ASX:AOP) regarding positive progress at the Lake Rebecca gold project in Western Australia. Trident holds a 1.5% net smelter return gold royalty over the entirety of the project.

W Resources PLC (AIM:WRES) produced 68.1 tonnes of concentrate from its La Parrilla mine in Spain during July. The concentrate comprised 58.3 tonnes of tungsten concentrate and 9.8 tonnes of tin concentrate, significant increases on the previous month’s production.


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