Proactive weekly mining highlights: Kodal Minerals, Tirupati Graphite, AEX Gold…
Kodal Minerals PLC (LON:KOD) has unearthed high grade gold in a surface sampling programme at the Dabakala concession, Cote d’Ivoire. The explorer told investors that geochemical sampling completed in December saw grades of up to 6.14 grams per tonne and an extensive surface gold anomalism has been defined in the east of the concession.
Tirupati Graphite PLC (LON:TGR) said it is starting sales and bulk supplies of expandable graphite products to several large consumers across the European Union and European Economic Area after gaining certification from the European Chemicals Agency.
AEX Gold Inc (LON:AEXG; CVE:AEX) told investors it has decided to defer the development of the Nalunaq mine in Greenland whilst coronavirus travel restrictions are in place. The company, in a statement, noted the introduction in January of a temporary travel ban which runs for at least a month but can be extended.
Bacanora Lithium PLC (LON:BCN) announced it has commenced initial site activities at the Sonora Lithium Project in Mexico. The lithium development company said the milestone comes after last week’s US$65mln (GBP47mln) fundraise which, in combination with existing cash and the undrawn portions of its debt financing facility, will finance Bacanora’s 50% share of the capital cost required for Stage 1 of the project.
Pan African Resources PLC (LON:PAF) has advised shareholders of that it expects headline earnings per share to be between US$0.0205 and US$0.0217 when it reports its interim results for the period to end December on February 16, 2021.
Tharisa PLC (LON:THS) said demand for the commodities it produces remains robust, according to a statement released ahead of its annual general meeting (AGM). Reviewing the year since the last AGM, executive chairman Loucas Pouroulis said the group has put in a strong operational performance, despite the disruption caused by the coronavirus (COVID-19) pandemic.
Panther Metals PLC (LON:PALM) has awarded a contract to a local drilling and surveying contractor for the upcoming soil geochemical sampling programme at the Merolia gold project in the Eastern Goldfields region of Western Australia.
Cornish Lithium Ltd has commenced its second drilling campaign at its Trelavour hard rock lithium project near St Austell. Drilling commenced on 24 January 2021, with two drill rigs expected to be on site for eight to ten weeks.
Bezant Resources PLC (LON:BZT), the copper-gold exploration and development company, said the acquisition of Metrock Resources, announced last month, has now completed. The acquisition of Metrock brings with it ownership of the Kanye Manganese Project in Southern Botswana.
Pembridge Resources PLC (LON:PERE) has released drill results from definition and step out drilling at the Minto mine conducted during 2019 and 2020. Drilling was conducted on the Minto North II, Copper Keel South, Copper Keel West, and Copper Keel North areas.
Danakali Ltd (ASX:DNK) (LON:DNK) (OTCMKTS:SBMSF) is confident that its unique Colluli Sulphate of Potash (SOP) Project development in Eritrea, Africa, is set to become a global game-changer. The project hosts the world’s largest and only solid salt, near-surface SOP resource (mineralisation commences at just 16 metres) with unrivalled reserves of 1.1 billion tonnes of high-grade ore able to deliver around 200 years of production.