Proactive weekly mining highlights: Greatland Gold, Petra Diamonds, Jubillee Metals…


Greatland Gold PLC (AIM:GGP, OTC:GRLGF, FRA:G8G) (AIM:GGP, OTC:GRLGF, FRA:G8G) said drilling has started at its Scallywag licence in Western Australia where the company is focused on the discovery of large-scale gold-copper deposits.

Anglo Asian Mining PLC (AIM:AAZ, FRA:A4A, OTC:AGXKF) (AIM:AAZ, FRA:A4A, OTC:AGXKF), a copper and gold producer in Azerbaijan, highlighted its exploration progress in the first half of 2021 and said work was continuing on schedule.

Petra Diamonds (LSE:PDL) (LSE:PDL) Ltd said it sold a 342.92 carat white diamond and an 18.30 carat blue diamond, both recovered from the famous Cullinan mine in South Africa, for an initial US$13.5mln.

Anglo Pacific Group PLC (LSE:APF, TSX:APY, OTC:AGPIF, FRA:HGR) (LSE:APF, TSX:APY, OTC:AGPIF, FRA:HGR), a natural resources royalty and streaming company, said Julian Treger wishes to step down as chief executive in due course and that it has started a search for his replacement.

Jubilee Metals Group PLC (AIM:JLP, FRA:JI5, JSE:JBL, OTC:JUBPF) (AIM:JLP, FRA:JI5, JSE:JBL, OTC:JUBPF) has agreed to work with Mopani Copper Mines PLC, a subsidiary of ZCCM Investment Holdings PLC, to create additional copper and cobalt refining capacity in Zambia.

Tirupati Graphite PLC (LSE:TGR) (LSE:TGR), a graphite producer and graphene developer, said its gross profit rose 66% in the year to end March 2021, helped by a full year of commercial production from its Sahamamy facility in Madagascar.

Great Western Mining Corp PLC (AIM:GWMO) said it discovered gold at shallow depths in multiple holes in its first exploration drilling at the Rock House project in Nevada, US.

Alien Metals Ltd (LSE:UFO) (LSE:UFO) has started preparations for a phase 3 drilling programme at the Hancock iron ore project in the Pilbara region of Western Australia.

Panthera Resources PLC (LSE:PAT) (LSE:PAT) is to farm out a majority of its Labola project in Burkina Faso in return for US$18mln of exploration expenditure. Following the farm-out, Diamond Field Resources (DFR) will own 80% of project owner Moydow, with Panthera at 20% with an option to increase the stake back up to 30% for US$7.2mln.

Bradda Head Holdings Ltd (AIM:BHL) (AIM:BHL) reported positive drilling results from its Burro Creek East litium project in Arizona that it said could potentially lead to an increase in resource size and to a higher confidence classification.

Landore Resources Ltd (AIM:LND) (AIM:LND) (AIM:LND) said drilling to the east of the BAM gold deposit in Canada has continued to intersect widespread ore grade gold.

Empire Metals Ltd (AIM:EEE) (AIM:EEE) is to explore deeper at its Eclipse gold project in Western Australia after analysing the results of three drilling programmes at the deposit near Kalgoorlie.

Vast Resources PLC (AIM:VAST) (AIM:VAST) has agreed to buy Gem Diamonds Ltd (LSE:GEMD)’s Botswana subsidiary, owner of the Ghaghoo diamond mine, for US$4mln (GBP2.9mln) in cash.

Bacanora Lithium PLC has agreed terms of its takeover by major shareholder Ganfeng International following approval for the deal by the authorities in China. As flagged when the original approach was made in May, Ganfeng is offering 67.5p cash for each Bacanora share. Shareholders will also get 0.236 shares in Europe-based lithium group Zinnwald, worth 6.1p currently, to take the total value of the offer to 73.6p.

Ncondezi Energy Ltd (AIM:NCCL, FRA:9NE) (AIM:NCCL, FRA:9NE) (AIM:NCCL) expects to sign an Engineering, Procurement and Construction (EPC) power plant contract with China Machinery Engineering Corp (CMEC) for the 300MW Ncondezi coal-fired power project and coal mine in Mozambique during the third quarter.

Thor Mining PLC (AIM:THR, FRA:T5MC, OTCQB:THORF, ASX:THR) (AIM:THR, FRA:T5MC, OTCQB:THORF, ASX:THR) said initial assays from its Alford East ISR project in South Australia indicate intercepts of copper and gold substantially above the cut-off grade used for the mineral resource estimate.

Oriole Resources PLC (LSE:ORR, FRA:S1Y) (LSE:ORR, FRA:S1Y) said a maiden resource estimate for the Fare South prospect of the Senala project in Senegal has been completed.

Shanta Gold Ltd (AIM:SHG) highlighted its exploration success and strong financial health as it announced its results for the first half of 2021.

AEX Gold Inc (AIM:AEXG, TSX-V:AEX, FRA:2NQ) (AIM:AEXG, TSX-V:AEX, FRA:2NQ), the Greenland-focused gold explorer, has added two non-executive directors to the board, both of whom have extensive mining careers.

Ncondezi Energy Ltd (AIM:NCCL, FRA:9NE) (AIM:NCCL, FRA:9NE) has raised a total of GBP600,000 through a placing backed by major shareholder Scott Fletcher.

Polymetal International PLC (LSE:POLY) (LSE:POLY) lifted its capital expenditure guidance for the year by more than 20% as it reported an 8% rise in first-half adjusted earnings on higher precious metal prices.

Caerus Mineral Resources PLC (LSE:CMRS) (LSE:CMRS) and Bezant Resources PLC (AIM:BZT, FRA:BN5) (AIM:BZT, FRA:BN5) have selected the Troulli Project as the first asset to be drilled under their joint venture agreement.


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