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Proactive Weekly Mining Highlights: Endeavour Mining, Rockfire Resources, Ariana Resources…

Endeavour Mining Corp (TSE:EDV) (OTCMKTS:EDVMF) lodged a bid for an all-share merger with UK-listed Egyptian gold miner Centamin PLC (LON:CEY).

In a statement on Tuesday, the Canadian group said that the combination with the FTSE 250-listed firm would “strongly benefit both sets of shareholders due to the compelling long-term value creation opportunity”.

Rockfire Resources PLC (LON:ROCK) unearthed good grades of gold near the surface at a new area of its Plateau gold deposit in Queensland, Australia.

Drilling at a new breccia zone, where rocks are composed of broken fragments and had been missed by previous explorers, found six metres at 4.1 grammes of gold per tonne of rock (g/t Au) some 27 metres below the surface.

Ariana Resources PLC (LON:AAU) has kicked off an earn-in agreement to acquire up to 50% of Venus Minerals Ltd, which owns exploration and development projects targeting copper and gold in Cyprus.

Europa Metals Ltd (LON:EUZ) completed the first hole in a drilling campaign at its Toral lead-zinc and silver project in Spain.

Pembridge Resources PLCs (LON:PERE) subsidiary, Minto Explorations Ltd, has received a US$3.7mln revenue payment as part of an offtake agreement with Japanese firm Sumitomo.

The payment is for 1,793 dry metric tonnes of copper, gold and silver concentrate mined in November from the firms Minto project in Canada.

Kavango Resources PLC (LON:KAV) reported further indications that its Kalahari Suture Zone (KSZ) project in Botswana has similar geology to other massive sulphide orebodies elsewhere.

Drilling at KSZ has identified what seem to be multiple magma conduits, which would have supplied molten lava to the surface 180mln years ago.

Alien Metals Ltd (LON:UFO) said it was buying a formerly producing Western Australia silver mine in a low-cost, all-share deal. The group is acquiring the Elizabeth Hill Silver Project from Karratha Metals Group.

The ongoing drilling campaign being conducted by Australian gold major Newcrest on Greatland Gold PLCs (LON:GGP) Havieron project continued to return long and high grade intercepts.

The latest highlight show 107 metres grading 2.2 grams per tonne gold, including 21 metres at 10 grams per tonne gold.

Kalahari Metals Limited, in which Metal Tiger Plc (LON:MTR) has a near 60% stake, provided an encouraging drilling update from its Okavango Copper Project in Botswana.

It has completed six holes for a total of 1,656 metres, which successfully proved the existence of the of DKar and Ngwako Pan formations that are prospective for both copper and silver.

Power Metal Resources Plc (LON:POW) inked a deal giving it access to the Alamo project in Arizona, adding geographic diversity to the companys African portfolio.

Eurasia Mining PLC (LON:EUA) said licence applications for its Monchetundra and West Kytlim projects in Russia were “progressing well” as it advanced plans to expand its presence in the area.

European Metals Holdings Ltd (LON:EMH) confirmed an agreement that sees state-owned CEZ receive the option to invest €34.06mln and take a 51% stake in the companys Czech subsidiary Geomet.

Premier African Minerals Limited (LON:PREM) took a 10% stake in a manganese mine MN Holdings after converting a loan into shares.

MN owns the Otjozondu mine in Namibia, which is currently exporting 5,000 tonnes lump ore per month at better than 35% manganese with production set to increase, Premier said in a statement.

James Parsons, the former chief executive of Sound Energy PLC (LON:SOU) said he was to take over at Regency Mines PLC (LON:RGM) and help fund its push into battery metals.

A placing will raise £831,000 as a part of a refinancing of the business with C4 Energy, a new company part-controlled by Parsons also granted an option to acquire Regency's debt.

Danakali Ltd (ASX:DNK) (LON:DNK) is on track for first production from Colluli Sulphate of Potash Project in Eritrea during 2022 after Africa Finance CorporatioRead More – Source