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Resources round-up: Berkeley, Providence, African Consolidated Resources

Thu, 13th Sep 2012 13:12

Berkeley Mineral Resources, which earlier this year signed a memorandum of understanding with Yunnan Xiangyun Feilong Nonferrous Metal Company, has said that the initial series of tests by Feilong on Berkleley's samples of mine tailings it owns in Kabwe, Zambia, have concluded that the material is processable for lead and zinc using standard Feilong technology. These tests have also shown that the material has processable grades of Indium, Silver, Antimony, Germanium and Copper and as a result Feilong is now proceeding to full assays for all the elements which can be liberated in the Kabwe material. Providence Resources, the oil and gas explorer working in the North Celtic Sea offshore Ireland, has confirmed that is has now received formal notification from ExxonMobil Exploration and Production Ireland that a letter of intent has been signed with Ocean Rig for the Eirik Raude semi-submersible drilling rig. The rig will drill an exploration well in the Frontier exploration licence 3/04, offshore Ireland, with an estimated programme duration of up to six months. The contract is scheduled to begin in the first quarter of 2013. African Consolidated Resources has unveiled a major upgrade from 513,000 oz to 3.2m oz, of which over 50% is in the measured and indicated (M&I) category at its wholly-owned Pickstone-Peerless gold project in Zimbabwe. This consists of 1.5m open-pittable ounces at 2.0g/t gold (over 1m oz in M&I category) plus 1.7m underground ounces at 4.0g/t gold (with 460,000 ounces in M&I category). The firm expects to begin a bank feasibility study this month, targeting over 100,000 ounces of gold per year.NR

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23 Jul 2018 13:09

Galileo Resources To Shortly Commence Drilling At Star Zinc Project

LONDON (Alliance News) - Galileo Resources PLC said Monday that it will "shortly" commence drilling at its Star Zinc Project in Zambia, after receiving positive results from an company a

11 Jun 2018 18:38

BMR Raises GBP416,000 Via Jubilee Metals Share Placing To Creditors (ALLISS)

LONDON (Alliance News) - BMR Group PLC on Monday said it raised GBP416,000 through share placing in Jubilee Metals Group PLC.The mining company holds 63.2 million shares in Jubilee Metals.

29 Mar 2018 13:48

BMR Group Loss Narrows As It Seeks To Reclaim Kabwe Licence

LONDON (Alliance News) - Lead and zinc miner BMR Group PLC on Thursday posted a slightly narrowed loss for its first half as it continues to try to get back the licence for to

20 Jan 2017 08:56

BMR Receives Encouraging Results For Vanadium Potential At Kabwe Mine

29 Dec 2016 09:20

BMR Group Eyes Expansion Opportunities As Loss Narrows In Year

5 Dec 2016 09:31

Metal Tiger Names New CEO And Chairman As Paul Johnson Rejoins Board

28 Nov 2016 12:05

Metal Tiger turns down offer from BMR

(ShareCast News) - Metal Tiger, an AIM listed natural resources focused investing company, announced that it had received an indicative offer from Berkeley Mineral Resources (BMR) Group. BMR, a mining company that processes Lead and Zinc at Kabwe Mine in Zambia, has offered 0.231 of its shares for e

28 Nov 2016 10:35

WINNERS & LOSERS SUMMARY: Fear Of Italian 'No' Vote Weighs On Banks

14 Nov 2016 09:07

BMR invests in metal exploration property in Portugal

(ShareCast News) - Miner BMR Group has acquired 80% of a metals exploration concession over a property in Northern Portugal. The property contains tungsten, tin, gold and silver among other minerals. The option was granted by Mineralia-Minas, Geotecnia E Construcoes, a private Portuguese geological

23 Sep 2016 11:07

BMR Group secures funding for Kabwe development

(ShareCast News) - BMR Group confirmed on Friday that it and its wholly owned subsidiary Enviro Mining Limited have entered into the anticipated project construction and trade finance facility for up to $5.2m, with private South African group African Compass International. The AIM-traded firm said t

8 Aug 2016 09:47

WINNERS & LOSERS SUMMARY: Melrose Gains As Nortek Deal Moves Ahead

8 Aug 2016 09:22

BMR Group signs off-take agreement with African Compass International

(ShareCast News) - BMR Group has signed an off-take and purchase agreement with African Compass International (ACI) to provide funding for the construction of the Kabwe mine in Zambia. The agreement provides for the off-take by ACI over a minimum five-year period, beginning within six months of comm

1 Aug 2016 12:05

BMR set to agree larger facility for Kabwe plant

(ShareCast News) - Zambia-focused mineral processing business BMR Group said it expects to agree a $3.5m loan facility alongside a sale-and-purchase deal with a private South African firm later this week. The facility, which at the end of June was only expected to be $2m, is to enable constructio

30 Jun 2016 10:41

BMR Reports Progress On Kabwe Facility In Zambia Amid Offtake Talks

16 Jun 2016 17:08

Broker tips: Charles Stanley, Playtech, Berkeley Group

(ShareCast News) - Cannacord Genuity lowered its target price on the shares of Charles Stanley and lowered its recommendation from 'buy' to 'hold' after the broker announced it would likely take between 12 to 18 months longer than originally anticipated (by the year to 31 March 2020) to reach its ta

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Resources round-up: Berkeley, Providence, African Consolidated Resources

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