() reported a stronger balance sheet after a third-quarter that saw record mining rates and tonnes processed.
Cash on the balance sheet rose to US$80.5mln at the end of June from US$72.8mln at the start, even with a US$10.8mln interim dividend payment made during the period. Net cash stood at US$41.8mln, after allowing for debt.
() has appointed Christopher Toon as chief financial officer, in a non-board role, with effect from July 12, 2021. Toon is a senior finance professional with a track record of overseeing the development of fast-growing mining businesses, said the AIM-listed exploration and development company.
() said it signed a memorandum of understanding with Hanwa Co. Ltd, a major Japanese global trading and investment company, to expand markets for its flake and speciality graphite products in the Far East. The London-listed company said it and Hanwa have already identified various prospective buyers in the Far East
()(AQSE:ORCP) has commenced geochemical sampling at its 100%-owned Jundee East gold project in Australia. The sampling will cover virtually the whole tenement, and will expand on the maiden geochemical sampling programme which returned highly positive results in June.
() is raising £1.94mln in a placing of shares at 5.5p. Each share comes with a two-year warrant attached, exercisable at 8.5p.
Amur Minerals Corp () said it agreed to sell its subsidiary Carlo Holdings Ltd (CHL) for US$6.14mln in cash. Amur also announced the departure of its president Adam Habib, but provided no details.
. ()() has released the first batch of results from its diamond drilling programme at the United Downs copper-tin project in Cornwall. The drill programme is designed to follow up on the discovery of high-grade copper-tin mineralisation in a structure named “Lithium Lode”
Due diligence drilling on the Clontibret deposit controlled by Conroy Gold and Natural Resources () is now complete. The drilling was conducted ahead of the final sign-off of the proposed joint venture between Conroy and Demir Export, a Turkish conglomerate.
Shanta Gold Ltd () said drilling at the Bauhinia Creek East Area 1 target at the New Luika gold mine (NLGM) in Tanzania generated 39,786 ounces of indicated resources of gold grading 4.74 grammes a tonne (g/t). A total of 38 holes were drilled in the second quarter.
() told investors it is considering a listing on the Victoria Falls Stock Exchange (VFEX) in Zimbabwe to reinforce its commitment to the country that hosts the Blanket gold mine.
() said drilling results confirmed gold to be a significant component of the Kokkinoyia deposit within the Magellan project in Cyprus. The average grade of the mineralised zone returned 128.77 metres at 0.5% copper and 0.55 grammes a tonne (g/t) gold, based on results from the first hole.
() said work programmes for three exploration permits (EPM) at its Lolworth District licence territories in North Queensland, Australia have been approved by the Department of Resources and Environmental Authority.
British Lithium Ltd applied for two more patents, making a total of three in less than three months, as it continues to work to sustainably extract lithium from the mica in granite. The Cornwall-based company said the latest applications are part of an innovative hydro-metallurgical process that uses salt, rather than acid.
(LON:MTR, ASX:MTR) welcomed Sandfire Resources Ltd’s () announcement it was granted a mining licence by the government of Botswana for the Motheo copper mine. Metal Tiger has a capped US$2mln 2% net smelter royalty over production from the mine.
Arc Minerals PLC () shares lost a fifth of their value as the company’s exclusivity period agreement with Anglo American () lapsed. During the exclusivity period, which started in July 2020, Anglo had permission to conduct a technical review of Arc’s copper exploration licences in Zambia.
BlueRock Diamonds Plc () said its second-quarter…