Greatland Gold PLC (AIM:GGP, OTC:GRLGF) said initial drilling at its Juri joint venture with Newcrest in Western Australia identified gold in eight of the nine holes with a magnetic survey also identifying several new targets.
The first phase of drilling comprised nine holes for 4,958m testing six targets including five holes at the Goliath, Outamind and Los Diablos targets on the Paterson Range East licence and four holes at the Parlay, Saddle Reefs & Saddle South targets on the Black Hills licence.
Anglo Asian Mining PLC (AIM:AAZ, OTC:AGXKF) mining is increasing its footprint outside its core area of Azerbaijan with a C$6.3mln strategic investment in a Canada listed exploration company.
The subscription for 12.6mln new shares in Libero Copper & Gold Corporation gives it a 19.9% stake in the Venture Exchange-quoted group. Each share has a half warrant attached exercisable at 75 cents.
European Lithium Ltd (ASX:EUR, OTCQB:EULIF) has welcomed a call from Austrian Minister for Agriculture, Regions and Tourism Elisabeth Köstinger to accelerate the domestic extraction of raw materials to make Austria more independent of imports.
Köstinger, whose ministry is responsible for mining and raw materials since 2017, also wants to promote a circular economy and cooperation with resource-rich countries.
Antipa Minerals Ltd (ASX:AZY)’s prospective farm-in partner IGO Newsearch Pty Ltd, a wholly-owned subsidiary of IGO Ltd (ASX:IGO), has decided to proceed with the next stage of a farm-in agreement, where it will manage AZY's Paterson Project in the Paterson Province of Western Australia.
IGO’s decision follows the completion of an initial commitment of A$4 million exploration expenditure, which was realised within just one and a half years.
Mila Resources PLC (LSE:MILA)’s chief geologist hailed the first drilling results from its Kathleen Valley project in Australia as some of the “best he had seen” in thirty years of mining.
“This has to be one of the most consistent and best overall gold intersections I've seen in my 30-year career, said Neil Hutchison.
Bradda Head Lithium Ltd (AIM:BHL) said it completed its funding agreement with Lithium Royalty Corporation (LRC) following a site visit and completion of due diligence.
LRC is paying US$8mln for a 2% gross overriding royalty (GOR) over Bradda Head's sedimentary lithium claims in Arizona (Wikieup and Burro Creek) with the pegmatite and brine projects unencumbered.
Sovereign Metals Limited (ASX:SVM, AIM:SVML) has completed a successful £1 million (~A$1.9 million) placement from UK investors following its listing on the AIM market of the London Stock Exchange.
SVM will issue 3,571,428 ordinary shares at an issue price of £0.28 on completion of the placement.
European Lithium Ltd (ASX:EUR, OTCQB:EULIF) has marked another key milestone as it agrees to pursue a cooperation and offtake partnership with Traxys Europe S.A. to develop the Wolfsberg Lithium Project in Austria.
It has signed a multi-tiered non-binding Memorandum of Agreement (MoA) with Traxys to support the development and commercialisation of the Wolfsberg Project.
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) has been notified by partner Newcrest that it wants to exercise its option over a further 5% of the Havieron gold prospect in Western Australia.
Newcrest has issued a notice to Greatland stating it would like to start the process to decide an exercise price by mid-February 2022.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL), the Zimbabwe-focused gold miner has announced its long-serving chief executive Steve Curtis will stand down at the end of June 2022.
Curtis will continue to be a Caledonia director, before transitioning from an executive to a non-executive role by the end of 2022 and acting as a consultant to the company until the culmination of 2023.
Altech Chemicals Ltd (ASX:ATC) has soaked up the enthusiasm of existing shareholders who participated in its successful capital-raising.
The company received applications from existing shareholders for A$2.2 million of new shares, at an offer price of A$0.107 per share, under a share purchase plan (SPP).
Southern Gold Limited (ASX:SAU) has been issued 150 million shares in London Stock Exchange (LSE)-listed Bluebird Merchant Ventures (BMV) to finalise the sale of equity interests in two South Korean properties.
The shares were passed on to Southern Gold’s wholly-owned Singaporean subsidiary, International Gold Private Limited (IGPL), after the ASX-lister agreed to sell its interest in the Gubong and Kochang properties.
Empire Metals has concluded its Eclipse gold project hasover 200 metres of strike following a strategic technical review of recent drilling at the deposit in Western Australia.
"A thorough and rigorous assessment of the data collected to date has been completed, leading to a much better understanding of the geological and structural controls of the gold mineralisation, which is vital for designing and implementing the next phase of exploration," said Shaun Bunn, managing director.