() said it expects iron ore and copper shipments to remain in the lower end of the range after production of both metals fell in its most recent quarter.
Costs are also rising, the miner said with iron production costs up 4% this year due to increased diesel and manpower, costs related to mining heritage management and coronavirus (COVID-19).
Bradda Head Holdings Limited, a lithium-focused exploration company, said it is raising £ 6.2million as part of its IPO in AIM. The company, previously listed on AIM Life Science Developments Limited, and prior to that, expects to have an admission market capitalization of £ 16.1million based on the issue price of 5.5 pence.
() announced the launch of a discovery fund to assess potential investments in mineral exploration companies in the discovery phase. The wholly owned fund, Asgard Metals Fund, is developed as part of Ariana’s proprietary project catalyst strategy.
(LON: BSE, ASX: BSE) is reinforced by comments made at a conference by a government official who said that an extension of Kwale’s special mining lease (SML 23) had been approved. The license will soon be issued according to comments by the cabinet secretary of the Ministry of Petroleum and Mines at a Kenya Chamber of Mines conference, Base said in a statement.
() slightly increased production in its last quarter, but left its estimate for the current year unchanged between 64,000 and 72,000 ounces of gold equivalent. The miner also said he plans to produce a first resource estimate for the new Zafar deposit in Azerbaijan by the end of this month or early next year.
() told investors he believed his two gold projects in Western Australia, Northern Zone and Jundee East, could each deliver significant shareholder value over the medium term. Managing Director Naheed Memon, in a statement, highlighted the enthusiasm for the company’s findings and plans in Western Australia.
Alien Metals Limited () said its planned drilling program on the Donovan 2 copper-gold project in Mexico remains little changed after reviewing new data.
() () () Shares rose 29% in one day after drilling intersected significant copper mineralization visible at the Big One deposit in the Mt Isa copper belt in Queensland. Drill hole BO_318RC intersected visible copper mineralization in two distinct zones – 11 meters from 89-100 meters and 34 meters from 153-187 meters (apparent thickness).
Central Copper Resources Limited has confirmed its intention to list on AIM. Company Focuses on Delivery of High Grade Copper Project in Production and Exploration Assets in Democratic Republic of Congo (DRC) and Republic of Zambia
() reported record quarterly production and offtake sales from the Minto copper-gold-silver mine in the Yukon Territory. During the second quarter, 8,323 wet metric tonnes of concentrate were produced, compared to 7,023 wet metric tonnes in the first quarter.
() reported a 12.3% increase in gold production to 201,608 ounces for the year ending June 2021, driven by underground operations at its Barberton and Evander mines in South Africa. Gold production was also 3.4% higher than the revised production forecast of around 195,000 ounces given in May 2021.
Caerus Mineral Resources PLC () and Jubilee Metals Group () have embarked on an immediate pilot sampling and investigation program on Caerus’ portfolio of copper-gold assets in Cyprus. The program is part of the option agreement under which Jubilee may elect to convert one of the multiple “Waste to Income” candidate sites in Caerus’ portfolio into a joint venture.
() reported its highest quarterly tungsten concentrate production to date at 106.4 t from the La Parrilla mine in Spain in the second quarter. During the quarter, the company completed construction of the first water dam, allowing it to access higher grade ore again, after heavy rains hampered production in the previous quarter.
(LON: HZM, TSX: HZM) said “significant progress” has been made on its Araguaia nickel project in Brazil. Tenders for the supply of key processing equipment, electric furnaces and project management services (IAGC) have been completed, and funding negotiations remain on track.
() said drilling is underway on its Zulu lithium tantalum project in Zimbabwe and a second drilling rig is expected on site this weekend. The AIM-listed company also said pegmatite, the main source of lithium, was intersected as expected in drill hole ZDD55.