Proactive weekly mining highlights: Greatland Gold, Glencore, BlueRock Diamonds …


Greatland Gold PLC (AIM:GGP, OTC:GRLGF) (AIM:GGP, OTC:GRLGF) (AIM:GGP) shares rocketed higher on news that partner Newcrest Mining intends to release its pre-feasibility study results from the Havieron gold-copper deposit in the Paterson region of Western Australia on Tuesday 12 October 2021.

Tungsten West PLC, owner of the world-class Hemerdon tungsten-tin deposit in South Devon, plans to list on London’s Alternative Investment Market on October 21. The company plans to raise an unspecified amount of capital through the initial public offering to be used to restart production at the Hemerdon mine

Members of the International Council on Mining and Metals (ICMM) have pledged to reach net-zero emissions by 2050, even though some of them are raking in billions from coal production. Large-scale producers such as Glencore PLC (LSE:GLEN), BHP plc, Anglo American PLC (LSE:AAL), Antofagasta plc and Rio Tinto PLC (LSE:RIO) said the current commitment is for Scope 1 and 2 greenhouse gas, with Scope 3 plans to be announced by 2023 at the latest.

BlueRock Diamonds PLC, owner of the Kareevlei diamond mine in South Africa, said it sold a 7.1 carat stone for US$64,826 (about GBP47,700) in a September tender.

Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR) (AIM:MTR, OTC:MRTTF, FRA:EBRA, ASX:MTR) has completed its entitlement rights investment in Sandfire Resources. Metal Tiger subscribed for 3.3mln Sandfire shares at a total cost of A$17.8mln.

Caracal Gold PLC (LSE:GCAT) (LSE:GCAT) has released positive sampling results from ongoing work at the Kilimapesa gold mining and processing operation in Kenya. The company is undertaking an initial shallow trenching programme on high priority targets on the newly targeted southern mineralized zone ahead of the commencement of planned reverse circulation and diamond drilling programmes later in the year.

Alien Metals Ltd (LSE:UFO) (LSE:UFO) said drilling at its Elizabeth Hill silver project in the Pilbara region of Western Australia continued to produce visible indications of mineralisation. Visible sulphides and native silver have been observed in core and RC chips, which Alien believes points to a larger polymetallic halo around the original high-grade silver deposit.

Strategic Minerals PLC (AIM:SML) (AIM:SML) has pencilled in a start date of the first quarter 2022 for its Leigh Creek copper project after discussions with the mines department of South Australia (DEM).

Endeavour Mining PLC (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (LSE:EDV, TSX:EDV, OTCQX:EDVMF) announced the pricing of its offering of US$500mln bonds as part of its refinancing strategy. The fixed-rate senior notes, due 2026, will have interest paid semi-annually at a rate equal to 5.00% per annum.

Anglesey Mining PLC (LSE:AYM) (LSE:AYM) has raised money and started work on the next stage programmes at the Parys Mountain project on the isle of Anglesey and at Grangesberg iron ore in Sweden. A placing of shares at 3.4p will raise GBP768,000, a discount of 5.6% to yesterday’s closing price with CEO Jo Battershill subscribing to GBP53,000 worth.

Trident Royalties PLC (AIM:TRR) (AIM:TRR) highlighted the significant update to the mineral resource estimate (MRE) at the Thacker Pass lithium project, in which it holds a 60% interest in a gross revenue royalty.

Oriole Resources PLC (LSE:ORR) (LSE:ORR) said multiple gold targets have been identified in the eastern Central Licence Package in Cameroon. The targets were identified using gold assay results from 503 stream sediment samples taken from the three easternmost licences: Pokor, Ndom and Mbe.


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