Proactive mining weekly: Anglo American, Greatland Gold, IronRidge Resources…


Anglo American PLC (LSE:AAL) appointed Duncan Wanblad to succeed Mark Cutifani as chief executive from the date of its AGM next April. Cutifani who has been at the helm of the diamond, iron, copper, and platinum miner since 2013 will retire as CEO and step down from the board at the same time.

Greatland Gold PLC (AIM:GGP, OTC:GRLGF) said it identified two early-stage targets that are ‘lookalikes’ of the Havieron gold-copper deposit in Western Australia. Geologists say the two new areas share similar magnetic and gravity anomaly characteristics with Havieron, which boasts a resource estimate of 1.6mln ounces of gold and 73,000 tonnes of copper.

IronRidge Resources Ltd (AIM:IRR) said Canaccord Genuity has been secured as the underwriter for the rights issue proposed as part of the spin-out of its gold assets, a move that will fast-track the demerger by a month.

Altus Strategies PLC (AIM:ALS, TSX-V:ALTS, OTCQX:ALTUF) reported high-grade shallow intercepts from the start of its exploration programme at its Diba prospect in Western Mali. Best of the grades were what Altus described as an outstanding 21.9 grams per tonne over 10.2m from a depth of 28m, which included a bumper intercept of 72.2 g/t.

Shanta Gold Limited (AIM:SHG, OTC:SAAGF) is on track to add a second revenue stream to its gold production interests in Africa by 2023, as construction at the Singida project in Tanzania continues apace.

Scotgold Resources Ltd said Nathaniel Le Roux is stepping down from his position as non-executive chairman and that Peter Hetherington will take over the role with immediate effect. Le Roux will remain on the board as a non-executive director and major shareholder, the gold miner said in a statement.

Kavango Resources PLC (LSE:KAV, OTC:KVGOF) named Brett Grist as chief operating officer. He will take up the position and join the Kavango board on 7 February 2022. In a twenty-year plus career, Grist, a geologist, has worked on base metals and gold projects across Africa, Europe, the Middle East, Australia and most recently in the UK

Trident Royalties PLC (AIM:TRR) has noted further announcements made by Apollo Consolidated Ltd (ASX:AOP) (Apollo Consolidated Ltd (ASX:AOP)), ASX-listed Ramelius Resources and ASX-listed Gold Road Resources relating to the proposed acquisition of Apollo. Trident holds a 1.5% net smelter return gold royalty over Apollo’s flagship Lake Rebecca gold project in Western Australia.

Caracal Gold PLC (LSE:GCAT) sold 569 ounces of gold produced from its Kilimapesa mine in Kenya during September. Operating costs per ounce produced rang in at US$985.

W Resources PLC (AIM:WRES) said its wholly-owned subsidiary Iberian Resources Portugal (IRP) has received the Regua mining licence from the Portuguese Directorate General for Energy and Geology (DGEG), clearing the way for an environmental study which is expected to be submitted in the final quarter of this year.

Oriole Resources PLC (LSE:ORR) has identified five gold zones in the east of its 90%-owned Central Licence Package in Central Cameroon. The district-scale Central Licence Package comprises eight contiguous licences covering 3,592 square kilometres of paleo-Proterozoic to Pan-African age rocks that are highly prospective for orogenic-style gold mineralisation.

Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) said it continues to intersect high-grade tin, copper, silver and zinc at its United Downs copper-tin project in Cornwall.

Kodal Minerals PLC (AIM:KOD) acquired the minority interests in the Bougouni lithium project in southern Mali and now owns 100% of the concessions at the project. In a statement, the mineral exploration company said it bought the 10% minority interest from original owners Gorutumu Mining SARL and Triumvirat Mining Company SARL, which will receive a cash payment of US$600,000 each.

Mkango Resources Ltd (AIM:MKA, TSX-V:MKA, OTC:MKNGF) said it increased its interest in the rare earth magnet recycling company HyProMag to 41.6% from 25% following the conversion of a loan into HyProMag shares.


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