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Proactive Mining Highlights: Horizonte Minerals, Ariana Resources, BlueJay Mining...

A look back at some of the top news from London's small-cap miners

Horizonte Minerals PLC -

Horizonte Minerals (LON:HZM) completed a US$25mln royalty transaction with Orion Mine Finance and drawn down the funds. The cash will help fund the pre-construction work at its nickel plant at Araguaia in Brazil.

Ariana Resources PLC (LON:AAU) enjoyed one its strongest quarters ever for revenues generated. Production from the Kiziltepe mine in Turkey was just shy of 7,000oz and was combined with a very strong gold price boosted sales, said managing director Karim Sener.

First Berlin Equity Research GmbH said BlueJay Mining PLC (LON:JAY) has a “bright future” ahead at its Dundas titanium project in Greenland, when it started coverage on the stock with a 'buy’ recommendation and 21.8p price target.

Jubilee Metals Group PLC (LON:JLP) announced an agreement with Hernic Ferrochrome Pty Ltd, one of the world’s largest ferrochrome producers, to acquire 100% of the rights to earnings from the current and future tailings produced at the Hernic Project in South Africa.

Bushveld Minerals Limited (LON:BMN) said Pamish Investments venture has been granted the mining rights for the Mokopane Project in South Africa.

Chrome and platinum miner Tharisa PLC (LON:THS ) welcomed the Zimbabwe government’s decision to make part of the Karo licence a special economic zone (SEZ).

Vast Resources PLC (LON:VAST) inked documentation for a new US$13.5mln financing arrangement which is set to cover the costs of reaching production at the both the Baita Plai mine in Romania and the Chiadzwa diamond project in Zimbabwe.

W Resources PLC (LON:WRES) reported that the first upgraded jigged ore has been fed to the new concentrator plant at its La Parrilla project in Spain.

Ncondezi Energy Ltd (LON:NCCL) secured finance for its first solar energy and battery storage facility for a commercial customer in Mozambique. It also said it progressing towards “key” contracts after strategic partner China Machinery Engineering Corporation (CMEC) completed a site visit to its coal-power project in Mozambique.

Chaarat Gold Holdings Ltd (LON:CGH) said its newly acquired Kapan mine in Armenia is reaching its full potential and allowing the company to take advantage of the higher gold price.

Eurasia Mining PLC (LON:EUA) revealed investment banks VTB Capital and CITIC Group will assist with “strategic options” for its Kola and Urals mining assets.

Greatland Gold PLC (LON:GGP) confirmed the presence of gold in the surface soil of its wholly-owned Panorama project in the Pilbara region of Western Australia.

Bacanora Lithium Group PLC (LON:BCN) said that it now has a “clear line of sight” towards construction at the Sonora lithium project in Mexico.

Scotgold Resources Limited (LON:SGZ) restructured its mining permits in the Grampian region of Scotland.

Resolute Mining Ltd (ASX:RSG) (LON:RSG) said its sulphide roaster at the Syama Gold Mine in Mali will be repaired and fully operational in about six weeks’ time.

Base Resources Limited (LON:BSE) (ASX:BSE) highlighted a successful ramp-up of mining and processing operations as it released an activities update for the three months ended 30 September.

Thor Mining PLC (LON:THR, ASX:THR) has raised £510,000 in a share placing to progress work at its core Molyhil and Bonya projects in Australia’s Northern Territory.

Landore Resources Limited (LON:LND) is expecting an increased gold resource from its BAM deposit at the Junior Lake project in Ontario, Canada, following a drilling campaign at the site this year.

Quick facts: Horizonte Minerals PLC

Price: 3.075 GBX

AIM:HZM
Market: AIM
Market Cap: £44.48 m
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Horizonte Minerals says completing aero survey for power line to Araguaia is...

Jeremy Martin, CEO of Horizonte Minerals Plc (LON:HZM, TSE:HZM) tells Proactive that detailed survey of the power line route to Araguaia project has been completed and contracts awarded to leading Brazilian consultants. “All of the subsidiary building blocks - the power, the water - are...

on 21/6/18

3 min read