Drilling by Thor, co-funded by a grant from the Northern Territory Geophysics and Drilling Collaborations program, has intersected 45m of magnetite skarn from 250m containing disseminated molybdenite (molybdenum sulphide - MoS2) and scheelite (calcium tungstate - CaWO4). Drilling targeted an untested magnetic anomaly below and offset from the existing JORC resource (4.4Mt grading 0.27% WO3, 0.10% Mo, and 0.05% Cu) by the Yacht Club fault. A third hole is aiming to assess the extent of the down
Companies: Thor Mining PLC
Thor today announces an increase in its ownership in the Alford East Copper In-situ Recovery (ISR) project in South Australia to 51%. Thor has completed the Stage 1 earn-in from Spencer Metals by funding A$500k. A$250k in fully paid Thor shares will be issued to Spencer together with two free attaching options per share issued, exercisable at $0.03 within 5 years from the date of issue. Thor can earn up to 80% by funding an additional A$750k of expenditure over the next 2 years.
Ariana Resources (AAU LN) – Due Diligence drilling completed at Apliki Project
Keras Resources* (KRS LN) – Funding issues with local partner stall Diamond Creek organic phosphate production
Kodal Minerals* (KOD LN) – Mining license granted for Bougouni lithium project in Mali
Thor Mining (THR LN) – Drilling commences at Molyhil Tungsten-Molybdenum Project
Companies: AAU KRS KOD THR
Thor today provides an update on its advanced Molyhil project where it has just begun a 1,000m diamond drilling program. The aim of the drilling is to assess the nature of a magnetic anomaly offset and below the current Total Resource (4.7Mt grading 0.27%WO3). Molyhil is an advanced-stage project, which has been at an advanced stage of feasibility before. With prices for tungsten increasing (steadily rising to current levels of over $300/t MTU), Molyhil is back on the radar and Thor is aiming
Thor today announces preliminary results from test work at its Alford East In situ Recovery (ISR) copper project in South Australia (Thor earning an 80% direct interest). This essential work has been funded by a South Australian Government Accelerated Discovery Grant of A$0.3m and is another example of how Thor makes its money work hard for shareholders.
Thor has begun its 3,000m RC drilling program at Ragged Range in the Pilbara in Western Australia. The program has been designed to determine the source of the obvious gold in soils and in streams found during geological mapping and sampling close to the thrusted contact of the Dalton Suite ultramafic rocks and the Euro Basalt. The 10-12 drilling lines at the Sterling Central and Sterling South prospects have been designed to cover the anomalies found with drill holes angled -60 degrees toward
Thor has today provided the results of soil sampling results from its Ragged Range project in the Pilbara Western Australia. Gold in soil anomalies (some quite high at up to 348ppb gold and many in excess of background 5ppb) have defined 8 drill targets. Visible gold has even been panned from soils.
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Responsible Housing REIT to join the Main Market (Premium) raising up to £250m. The Company's investment objective is to generate a consistent and sustainable income-based return from the provision of Supported Housing accommodation assets and aligned sectors. The Company is dedicated to the expansion of Supported Housing accommodation and aligned sectors in the UK and will acquire and create quality, fit
Companies: AQX CEPS GROW FARN HNG HARL LIFE RUA THR TMT
Thor today announces a further round of drilling at its Kaunda project (operated by EnviroCopper in which Thor has a 30% stake). The drilling is being undertaken by MinEx CRC using an innovative Coiled Tube drilling program. MinEx CRC is the world's largest mineral exploration collaboration bringing together the Mining Industry, including drilling companies, Government and Research Organisations. Coiled Tube drilling is a rapid, safe, energy and water-efficient drilling method at a fraction of
Thor today announces it has completed its drilling campaign at its Alford East copper-gold ISR project in South Australia (Thor earning 80%). Historic drilling has allowed a large resource of 126Mt grading 0.14% copper to be outlined with recent drilling to checking this resource and drill in open zones to extend mineralisation and to test the areas of structure thought to control mineralisation. Drill results and assay results have been impressive and in our opinion could lead to an upgrade in
Early indications from drilling support Thor's ideas on the extent of mineralisation and location of the top of the weathered zone at Alford East. We expect the current in-house XRF copper analyses to be confirmed from laboratory assays (there are delays in labs in Australia due to the increased extent of mineral exploration activities) and that Thor will be able to identify extensions of the mineralisation – potentially to increase the scale of the resource. Thor has interests in several area
Thor today provides an update on its exploration in Ragged Range in WA:
• Gold in soils anomalies (peak at 114ppb gold) tie in closely with the stream sediment gold anomalies which defines trends associated with a structural contact between two rock units – drilling will begin at the ‘Sterling' prospect shortly, after Thor was awarded A$160k as part of the Western Australian Government Co-funded grants program.
• Further sampling along the identified trend will determine additional prospects
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Jubilee today announce the full year results for FY 2021 ending in June 21. It was a year of continued progress with revenues up 143% to £133m (from FY 2020), adjusted PBT up 324% to £52m and eps up 93% to 1.8p/sh – an extraordinary year – but still only the beginning of the progression in our view. Continued developments in South Africa have led to a fully flexible chrome and chrome tailings solution at Inyoni. Supply from a wide variety of sources (Run-Of-Mine, new tailings from own operati
Companies: Jubilee Metals Group PLC
Friday's market sell off saw some violent downward moves in many stocks with little initial differentiation between sectors or the key drivers of businesses, creating significant share price drops in a number of higher quality or uncorrelated names. We take a look at some stocks we believe have either seen an unwarranted sell-off, have seen weakness go under the radar or where there is now a more attractive opportunity.
Companies: ANX IBPO CYAN SOM EQT AFM
Phoenix copper today announces an update on its deep drilling program below the proposed Empire oxide open pit resource and into the deeper sulphide zone. Phoenix is roughly 1/4 the way through a 4,500m drilling programme and has once again shown that high-grade zones of copper, zinc and lead sulphide mineralisation exist, nearly always associated with gold and/or silver and often with elevated concentrations of tungsten and molybdenum.
Companies: Phoenix Copper Ltd. (United Kingdom)
Savannah today announces that it is amicably terminating its JV arrangement with Rio Tinto over the Mutamba Minerals Sands project in Mozambique. Savannah has been paid $9.5m (which translates into 0.4p/sh) in cash to relinquish the 20% it has earned in the project and will cease all activity in country. All staff will transfer to Rio Tinto.
Companies: Savannah Resources Plc
Across a broader market sell off EQTEC have shown resilience and is trading at 1.55p, above its placing in May, up 25% from one month ago.
Companies: EQTEC PLC
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Trinistar Liverpool S.a r.L announces its potential listing of a newly formed single asset company which will own the Capital Building in Liverpool on the IPSX. Upon admission the Company would become a real estate investment trust (REIT). The Capital Building occupies close to a 3.5 acre freehold site in the centre of Liverpool’s business district; the building comprises c425,000 square feet of predominantly of
Companies: ADBE ADBE SYM ARC AVCT CMCL CLIN DCTA FRAN OSI
SolGold (“SOLG”) has published the first partial assay results from its drilling programme at the Varela target on the Rio Amarillo concession, 35km from the flagship Cascabel project. Hole 1 has been assayed to a depth of 1,052m, revealing an intercept of 72m @ 2.16 g/t Au from 639.7m, including 24m @ 5.77 g/t Au. More interestingly assay results are pending from 1,052m to 1,708.1m (EOH) where free gold and porphyry mineralisation have been identified. Intersections of porphyry style mineralisa
Companies: SolGold Plc
West Newton planning update
Companies: Union Jack Oil Plc
Initiating Coverage: Price Target 20p
Potential Beyond Tin
AfriTin Mining Limited (ATM) is one of only three listed tin producers in Western markets. It has a large (820km2) land package in Namibia comprising 5 prospective licenses of which the Uis mine is the most advanced and already in production. Near term growth is being delivered with an 80% increase in tin production between 2022 and 2024. However, this is only scratching the surface and there are more than conceptual plans being fo
Companies: AfriTin Mining Ltd.
Savannah Resources has sold its interest in the Mozambique mineral sands project (Mutamba) to JV partner Rio Tinto for $9.5m in cash. The payment has already been made to one of Savannah’s UK subsidiaries.
Given Barroso’s importance and capital requirements over the coming months, we view this as very good news. It allows management to dedicate all its time to Barroso and reduces future SAV equity dilution. Despite the strong lithium price and exceptional performance of ASX and TSX lithium sto
Cornish Metals has now released the results of 10 drillholes at its continuing exploration programme at United Downs near Camborne. Including two holes drilled on the property by Cornish Lithium the drilling shows up to 5 mineralised structures with a total of twenty-two individual mineralised intercepts.
Even though the area has been mined intermittently between the early 1700s and the late 20th century, the drilling evidence bodes well for the delineation of additional mineral resources wh
Companies: Cornish Metals Inc.
Shanta Gold (AIM: SHG), the East Africa-focused gold producer has today announced a drilling update on its West Kenya Project (WKP) based on its Phase 2 drilling program which aims to infill 17 modelled zones across both Isulu and Bushiangala deposits up to 450-500m below surface. The Company has also reported drilling results from a regional exploration target, Ramula, where assays have been received from the first of 12 holes drilled, as part of the resource drill-out programme, totalling 451m
Companies: Shanta Gold Limited
Savannah Resources is a hardrock lithium exploration and development company with a 100% interest in the Barroso Lithium Project in the Northern Portugal hosting 27mt at 1.06% Li2O for ~700kt LCE, the largest spodumene lithium resource in Western Europe. Project environmental permitting is currently in progress paving the way for the completion of the Feasibility Study and eventual project financing. The project benefits from the strategic location as Europe rapidly expands it Li-ion batteries a
Trinity has received FDP approval from the Ministry of Energy and Energy Industries (MEEI) for the Phase 1 development of the Galeota licence. The submitted development plan has the potential to add additional peak production of c4,000 bopd; however more recent modelling suggests that intra-year peak production could be significantly higher, up to 7,000 bopd. Whilst the current development concept comprises the installation of a low-cost eight well platform (Echo), we note that Trinity is also w
Companies: Trinity Exploration & Production Plc
European gas prices are never far away from the headlines at the moment, although Parkmead’s results to end-June did not capture this surge in prices – that is yet to come. Parkmead is well placed to benefit from the current strength in European gas prices, while the potential for another commodity super-cycle suggests there is further progress to come on its major GPA oil project. A strong net cash position also puts it in the driving seat for potential acquisitions.
Companies: Parkmead Group PLC