Proactive Weekly Mining Highlights: Oracle Power, Rockfire Resources, Power Metal Resources…

Oracle Power PLC (LON:ORCP) this week confirmed press reports that it was in discussions to form a joint development agreement to develop a coal mine in Pakistan.

Rockfire Resources PLC (LON:ROCK) has revealed that its Induced Polarisation (IP) geophysical survey, completed in early December, has highlighted multiple anomalies from surface to depth at the company's 100%-owned Plateau Gold Deposit in Queensland, Australia.

Power Metal Resources PLC (LON:POW) has raised £700,000 through a share placing and subscription at the current market price to provide the explorer with a “considerable cash runway”.

Zanaga Iron Ore Company Limited (LON:ZIOC) has signed a framework agreement with China Overseas Infrastructure Development And Investment Corporation Limited (COIDIC) to explore ways to progress its project in the Republic of Congo.

Savannah Resources PLC (LON:SAV) has been granted a second mining licence for the Mutamba mineral sands project in Mozambique that it operates under a joint venture with giant Rio Tinto plc (LON:RIO).

Erris Resources PLC (LON:ERIS) has entered into an option agreement with GreenOre Gold PLC relating to the acquisition of 80% of the Loch Tay gold and associated base metals project in Perthshire, Scotland.

IronRidge Resources Ltd (LON:IRR) has commenced drilling at its Zaranou gold project in Côte d'Ivoire.

Alien Metals Limiteds (LON:UFO) proposed acquisition of Pilbara-based silver mine Elizabeth Hill is an exciting addition to an expanding portfolio of mining interests says research house First Equity.

Uru Metals Limiteds (LON:URU) shares sparkled 12.8% brighter, up at 220p after the company announced progress on a mining right application for its Zebediela nickel project in South Africa.

Base Resources Ltd (LON:BSE) has issued a definitive feasibility study (DFS) for its Toliara Project in south-west Madagascar that it says further burnishes the credentials of the world-class mineral sands discovery.

Premier African Minerals Limited (LON:PREM) has raised just over £262,000 from a crowdfunding round.

Greatland Gold PLC (LON:GGP) has unveiled what it says are “positive results” from a geochemical survey at its Paterson Range East licence in Western Australia.

NQ Minerals PLC (NEX:NQMI)(OTCQB:NQMLF) has contracted a second, high capacity mining dredge to augment its mining operations at the Hellyer project in Tasmania.

Landore Resources Ltd (LON:LND) has revealed the results of its 2019 soil sampling programme carried out along strike to the east and west of its BAM gold project on the Junior Lake property in Ontario, Canada.

Ariana Resources PLCs (LON:AAU) proposed new partner in Turkey has commissioned an independent review of the Kiziltepe, Tavsan and Salinbas projects in Turkey as part of its farm-in due diligence.

Savannah Resources PLC (LON:SAV) has been granted a mining licence for its Mutamba mineral sands project in Mozambique, which the firm operates under a joint venture with mining major Rio Tinto plc (LON:RIO).

Ncondezi Energy Limited (LON:NCCL) has selected a preferred financial advisor to prepare the project financial model and finalise tariff submission for its integrated 300MW coal fired power project and coal mine in Tete, Mozambique.

Asiamet Resources Ltd (LON:ARS) has said it is unaware of any operational or corporate reason for a large price movement that took place on 9 December.

Resolute Mining Limited (ASX:RSG) (LSE:RSG) has completed repairs to the sulphide roaster at the Syama Gold Mine in Mali with reheating underway before the resumption of normal roaster operations.

Berenberg has spied growth opportunities at mining royalty specialist Anglo Pacific Group PLC (LON:APF), reiterating a buy recommendation on the stock.

A competent person acting for Shefa Gems Ltd (LON:SEFA) has established that the gemstone resource at its Kishon Mid-Reach Zone 1 and Zone 2 projects in Israel should generate revenue of US$41 for every tonne of rock mined.

Prospect Resources Ltd (ASX: PSC) has completed an updated definitive feasibility study (DFS) and signed a memorandum of understanding with Uranium One for offtake and potential equity investment.

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