Greatland Gold PLC (AIM: GGP, OTC: GRLGF) has raised US $ 16 million (£ 11.9 million) to accelerate development of its Havieron gold mine in Western Australia. The junior originally intended to raise $ 10 million, but demand was strong enough to increase the amount by 60% to $ 16 million, he said.
Glencore PLC (LSE: GLEN) has agreed to sell its stake in Ernest Henry Mining Pty Ltd, owner of the Ernest Henry Mining (EHM) copper-gold mine in Queensland, Australia, to Evolution Mining for A $ 1 billion (£ 0.5 billion). “Glencore’s commitment to Northwest Queensland will continue with the Mount Isa Mine Copper and Zinc Complex, Townsville Copper Smelter and Copper Refinery,” said Managing Director Gary Nagle.
IronRidge Resources Ltd (AIM: IRR, OTCQX: IRRLF) has secured an exploration license for the Cape Coast project, which is part of the company’s potential lithium portfolio in Ghana. Cape Coast covers some 139.23 square kilometers of what is described as a “very promising” lithium tenure.
Hochschild Mining PLC (LSE: HOC, OTCQX: HCHDF) has announced the launch of an initial public offering for its spin-off Aclara Resources Inc on the Toronto Stock Exchange. Aclara is looking to raise around US $ 100 million on the list, valuing the rare earth company at around US $ 237 million (£ 176 million) based on the estimated price range.
Tharisa PLC (LSE: THS, JSE: THA) said open pit production at its flagship Tharisa mine has been extended by seven years to 2041 under a revised life expectancy schedule. mine. The revised schedule also mitigates the risks associated with the transition to underground mining, with portal development taking place while surface mining continues.
Alien Metals Ltd (AIM: UFO, OTC: ASLRF) said strong nickel, copper and platinum group element (PGE) anomalies have been identified in an initial trenching and sampling program of rock chips at the Elizabeth Hill project in Western Australia. The project is home to the high-grade Elizabeth Hill silver mine in the resource-rich Pilbara region.
AfriTin Mining Ltd (AIM: ATM) said tests confirmed the potential to produce separate salable concentrates of lithium and tantalum from its flagship Uis tin mine in Namibia, opening up additional revenue opportunities. As a result, the AIM-listed company will design and supply a pilot lithium enrichment facility.
Kavango Resources said it has completed drilling hole KSZDD001, which it believes was the deepest drill hole to date in the Great Red Spot magnetic anomaly on the Kalahari Suture Zone project (KSZ ) of the society. Copper sulphide mineralization and locally abundant fine-grained interstitial magnetite were encountered from 951 m to the end of the hole at 1000 m.
Eurasia Mining PLC (AIM: EUA) said it has obtained an additional exploration license for its gold and PGM West Kytlim project in Russia. Flanks’ license is adjacent to the current Eurasian mining license and largely overlaps with, and extends beyond, the original exploration license it held through its former joint venture with Anglo American Platinum Ltd.
Bradda Head Lithium Ltd (AIM: BHL) said it has entered into a conditional royalty agreement with Lithium Royalty Corp (LRC) on the Bradda sedimentary lithium concessions in central Arizona. The agreement is subject to certain conditions, including satisfactory due diligence and a site visit to LRC.