Britain

Proactive Mining Highlights: Rockfire Resources, AfriTin Mining, Ariana Resources…

Rockfire Resources PLC (LON:ROCK) soared higher this week after it returned broad, consistent gold assays from a geophysical target on its Plateau gold project in Australia.

The results are indicative of a large-scale gold deposit, similar to the Mt Wright gold mine, which is in turn part of the 10mln ounce-plus Ravenswood complex.

AfriTin Mining Limited (LON:ATM) celebrated the first shipment of tin concentrate from the Uis tin mine in Namibia in twenty years as it makes strides towards a “revenue-generating phase” for the company.

Ariana Resources PLC (LON:AAU) agreed a potential partnership deal with a major Turkish construction firm for a number of its projects in the country.

Pembridge Resources PLC (LON:PERE) said it plans to raise between £3mln and £5mln via a share placing to fund development of the Minto mine in Canada.

Oracle Power PLC (LON:ORCP) saw its shares soar on Thursday following news that influential Emirati Sheikh Ahmed Bin Dalmook Al Maktoum will invest £500,000 into the company.

Shares surged as W Resources PLC (LON:WRES) announced it has kicked off tungsten and tin production at its La Parrilla mine in Spain, with its boss saying he is “pleased with the initial concentrate grades”.

Ormonde Mining plc (LON:ORM) told investors that sales of 20-tonne shipments of tungsten concentrate produced from the Barruecopardo mine in Salamanca, Spain, have recently completed with international buyers.

Alba Mineral Resources PLC (LON:ALBA) celebrated the completion of the first-ever exploration drilling campaign at the Clogau-St David's gold mine in Wales.

MetalNRG PLC (LON:MNRG) switched commodities to buy 75% of a Romanian company that owns the rights to an oil and gas concession for the next fifteen years, as well as appointing a new executive director to deliver the project.

IronRidge Resources Ltd (LON:IRR) returned multiple high-grade reverse circulation (RC) drilling intersections from the latest drilling programme at the Ewoyaa, Abonko and Kaampakrom projects in Ghana, West Africa

Afarak Group PLC (LON:AFRK) said it sees “solid” long-term prospects for the stainless steel and ferrochrome industry despite the current soft phase of the market.

Eurasia Mining PLC (LON:EUA) hailed a “step change” in its development as it took full control of production at its West Kytlim mine in Russia.

Kavango Resources PLC (LON:KAV) hit early-stage signs of mineralisation during drilling on its Kalahari Suture Zone project (KSZ) in Botswana.

Vast Resources PLC (LON:VAST) re-jigged the ownership structure of its Chiadzwa diamond concession in Zimbabwe.

Strategic Minerals PLC (LON:SML) received £248,155 in research & development (R&D) tax relief from Her Majestys Revenue and Customs (HMRC) relating to exploration work at its Redmoor tin and tungsten project in CoRead More – Source