Proactive weekly mining highlights: Greatland Gold, Scotgold Resources, ECR Minerals…


Greatland Gold PLC (AIM:GGP, OTC:GRLGF, FRA:G8G) (AIM:GGP, OTC:GRLGF, FRA:G8G) said gold mineralisation was intercepted in initial drilling at its Juri joint venture with partner Newcrest Mining Ltd. Results have been received for the first four holes sampled from the nine drill holes completed at the joint venture in the Paterson province of Western Australia.

Scotgold Resources Limited (AIM:SGZ) (AIM:SGZ) said monthly production revenues exceeded operating costs for the first time in the company’s history. In an operational update for August, the gold exploration and production company said it completed two gold concentrate shipments with revenues exceeding operating costs.

Base Resources Ltd (AIM:BSE) said the results of a pre-feasilibility study (PFS) of the Bumamani deposit support the extension of the life of its Kwale mineral sands mine in Kenya to mid-2024.

Bradda Head Holdings Ltd (AIM:BHL) (AIM:BHL), the North America-focused lithium development group, has announced three key senior appointments. Adam Hawkins has been appointed as the environmental, social and governance (ESG) officer, Don Hains as a technical consultant and Dr Yatendra Sharma as a lithium processing consultant.

ECR Minerals PLC (AIM:ECR, FRA:IZGH) (AIM:ECR, FRA:IZGH) has bought a site for a base for a mine at its Creswick prospect in Victoria. The property, 35 Brewing Lane, Springmount, also contains 16 acres of land within the licence area.

BlueRock Diamonds PLC has sold three gem-quality stones from the Kareevlei Mine in Kimberley South Africa for a total of US$1.1mln, including the largest, a 58.6-carat gem, for US$585,000.

IronRidge Resources Ltd (AIM:IRR, FRA:BSG) (AIM:IRR, FRA:BSG) has completed a transaction with Piedmont Lithium Inc (ASX:PLL, NASDAQ:PLL, XETRA:) (ASX:PLL, NASDAQ:PLL, XETRA:) that will allow the financing of development at the Ewoyaa lithium project in Ghana.

Trident Royalties PLC (AIM:TRR, FRA:5KV) (AIM:TRR, FRA:5KV) has entered into a binding agreement with Seduli Sutter Operations Corporation to acquire a net smelter return royalty over production from the Lincoln gold mine in California. The price is US$2.5mln in cash.

Conroy Gold and Natural Resources PLC (AIM:CGNR, FRA:FKV1) (AIM:CGNR, FRA:FKV1) said definitive agreements for a proposed joint venture with Turkish conglomerate Demir Export AS have reached an advanced stage.

Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) announced it closed a transaction to acquire royalty interests in the Caserones copper mine in Chile.

Anglesey Mining PLC (LSE:AYM, FRA:4AO) (LSE:AYM, FRA:4AO) said it made significant progress in the fiscal year with the company also securing new financing of more than GBP1mln.

Oracle Power PLC (AIM:ORCP) (AIM:ORCP) said it has defined five drill target areas at its Jundee East gold project in the Eastern Goldfields region of Western Australia.

Ariana Resources PLC (AIM:AAU, FRA:4A6) (AIM:AAU, FRA:4A6)’s Kiziltepe mine joint venture in Turkey has moved to automation testing of its expanded process plant, the junior said.

Thor Mining PLC (AIM:THR, FRA:T5MC, OTCQB:THORF, ASX:THR) (AIM:THR, FRA:T5MC, OTCQB:THORF, ASX:THR) announced chairman Mick Billing tendered his resignation with immediate effect. The exploration and development company thanked Billing for his time as director and significant shareholder.

Power Metal Resources PLC (AIM:POW, FRA:2M5) (AIM:POW, FRA:2M5) has issued an exploration update for three copper-gold projects in the Paterson region of Western Australia.

Galantas Gold Corp (AIM:GAL, TSX-V:GAL, OTC:GALKF, FRA:G2V2) (AIM:GAL, TSX-V:GAL, OTC:GALKF, FRA:G2V2) said its common shares have commenced trading on the OTCQX in the US under the ticker symbol ‘GALKF‘.

Phoenix Copper Ltd (AIM:PXC, OTCQX:PXCLF, FRA:5HR) (AIM:PXC, OTCQX:PXCLF, FRA:5HR) announced positive results from a drilling programme under the open pit at the Empire Mine in Idaho, US.

MetalNRG PLC (LSE:MNRG) (LSE:MNRG), a natural resources and energy investment company, said its investee BritNRG Ltd is now profitable following operational improvements carried out this year.

Power Metal Resources PLC (AIM:POW, FRA:2M5) (AIM:POW, FRA:2M5) subsidiary Golden Metal Resources has taken out an option to acquire Thor Mining PLC (AIM:THR, FRA:T5MC, OTCQB:THORF, ASX:THR) (AIM:THR, FRA:T5MC, OTCQB:THORF, ASX:THR)’s stake in the Pilot Mountain tungsten project in Nevada and give it full control.

Metal Tiger PLC (AIM:MTR) (AIM:MTR), a natural resources investor, reported a 35% increase in its net asset value for the six months to end June 2021 and said it was “very confident” about its future.


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