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Ariana revises deal with KEFI, acquires first ever royalty

Ariana Resources PLC (LON:AAU) said it has revised its agreement with KEFI Minerals (LON:KEFI) and its subsidiary Dogu concerning the net smelter return (NSR) on the Kizilcukur project and an exploration database encompassing the Republic of Turkey. “Following the final due diligence completed on Dogu, Ariana and KEFI determined to proceed with the proposed transaction on slightly revised terms,” explained …

Power Metal kicks of exploration at Alamo Gold Project

Power Metal Resources PLC (LON:POW) said it has started a reconnaissance survey as a prelude to exploration at the Alamo gold project in Arizona. Paul Johnson, chief executive, said: “This is an expeditious start to the exploration work at the Alamo Gold Project and I look forward to the findings of the Survey.  We intend to continue exploration work at …

Metal Tiger highlights positive results and progress at Southern Gold and Sandfire Resources

Metal Tiger PLC (LON:MTR) has unveiled updates for two of its portfolio firms, Southern Gold Limited and Sandfire Resources (ASX:SFR), highlighting positive results and progress across both of the firm’s projects. For Southern Gold, in which it owns a 17.1% stake, Metal Tiger said 720.46 metres (m) of diamond drilling has been completed at the investee’s Aphae project, while drilling …

K2fly Ltd signs significant deals with Newmont and AngloGold Ashanti

K2fly Ltd‘s (ASX:K2F) Brian Miller speaks to Proactive London’s Andrew Scott after what he describes as a ‘special few weeks’ for the firm. Among a number of big agreements, they’ve recently signed up Newmont (NYSE:NEM), the world’s largest gold producer as well as AngloGold Ashanti Ltd (ASX:AGG) (JSE:ANG). AngloGold has operations and projects on four continents listed on the ASX, …

Bardoc Gold Ltd ‘has potential to be Australia’s next mid-tier gold producer’

Bardoc Gold Ltd‘s (ASX:BDC) CEO Robert Ryan speaks to Proactive London’s Andrew Scott soon after announcing the pre-feasibility study results on its Bardoc Gold Project in Western Australia. The PFS returned a forecast average production of 135,000 ounces per annum at an AISC of $1,220 per ounces over an initial 8-year mine life. Ryan says they’re currently drilling on site …

Today’s Market View – Bluejay Mining, Chaarat Gold, SolGold and more…

SP Angel . Morning View . Monday 16 03 20 Governments and central banks aim to stem panic in financial markets MiFID II exempt information – see disclaimer below    redT energy (LON:RED) – Merger with Avalon to create Invinity Energy Systems plc. Placing and open offer announced at 1.65p/s. Bushveld Minerals* (LON:BMN) Goldstone Resources (LON:GRL) – Akrokeri/Homase project funding Polarean …

Condor Gold hails considerable progress in Nicaragua

Condor Gold PLC (LON:CNR) (TSX:COG) said considerable progress has been made towards securing the environmental permit for the development of the La India open pit in Nicaragua. In its results covering the second half of 2019, the AIM-listed exploration and development company noted that mine schedule, waste dump schedule, water and sewage management studies for the processing plant offices and …

IronRidge Resources to acquire Ghana lithium assets

IronRidge Resources Ltd (LON:IRR) has agreed a deal to buy Joy Transporters Ltd to gain full ownership of a highly prospective lithium exploration portfolio in Ghana. The assets, known as the Saltpond and Cape Coast portfolio, comprises low-cost regional exploration activities, and, is located with “ideal” infrastructure support. “We are delighted to have completed this significant acquisition ahead of schedule …

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