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FinnAust Mining finds significant resource scale at Greenland titanium mine

Wed, 24th Aug 2016 15:07

(ShareCast News) - Precious and base metals explorer FinnAust Mining's shares rose as it said it found resources of significant scale at its pure Pituffik titanium mining project in Greenland.Extensive trenching over the main project areas identified large volumes of ilmenite rich sand across many square kilometres and ground penetrating radar identified buried layers, which is expected to be high in concentrations of heavy minerals.About 260 holes were drilled on raised beach targets and showed ilmenite rich sands and another 150 offshore vibracore holes were drilled from the support boat.The company is focused on defining both the grade and volume characteristics of the Pituffik titanium project through the production of a JORC code compliant resource, with an emphasis on defining optimal wet mining areas, to undertake a proof of concept bulk sampling programme in 2017.The JORC code, or the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, sets the minimum standards for public reporting of mineral exploration results, mineral resources and ore reserves. SRK Exploration Services carried out a competent person site visit and the results will generate a JORC code compliant resourceThe AIM-listed company reduced penetration in the Moriusaq Bay area by using a smaller second vibracore unit due to the almost pure layers of ilmenite bearing sediments. Currently the company has expanded the programme to finish it earlier.SRK Exploration Services carried out a competent person site visit and the results will generate a JORC code compliant resourceThe company's environmental programme and initial baseline study are in line with expectations, and will be submitted for an application for exploitation licence in the first quarter of 2017Chief executive Roderick McIllree, said: "Pituffik continues to exceed our expectations. After being on site for two weeks, I'm pleased with the progress and can see positive indications that we will uncover something of significant scale at this very pure titanium deposit in Greenland."Our field programme is being managed by a senior researcher at the Geological Survey of Greenland and Denmark performing exactly as one would expect from such a well-recognised institution. I believe SRK Exploration Services gained a much better perspective of the project from their visit to site and I look forward to working with them to deliver a maiden resource for the project."Shares in FinnAust Mining were up 4.98% to 5.80p at 1445 BST.

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31 Jan 2017 11:08

FinnAust makes two senior appointments as Pituffik progresses

(ShareCast News) - Greenland and Finland-focused FinnAust Mining announced on Tuesday that it has finalised two senior appointments to strengthen its development team as it continues to evaluate commercialisation of the Pituffik Titanium Project. The AIM-traded firm confirmed Hans Jensen has been ap

25 Jan 2017 10:46

FinnAust appoints experienced marketing advisor

(ShareCast News) - Greenland and Finland-focused FinnAust Mining announced on Wednesday that it has engaged the services of Titanium Industry Global Advisory as marketing advisor to the company. The AIM-traded firm said TIGA is an advisory firm specialising in providing strategic and commercial dire

16 Jan 2017 13:04

FinnAust posts positive test data from Pituffik

(ShareCast News) - Greenland and Finland-focused FinnAust Mining updated the market on its metallurgical test work programme at its Pituffik Titanium Project in Greenland on Monday. The AIM-traded company said Allied Mineral Laboratories was engaged in October 2016 to complete the next phase of proc

5 Jan 2017 07:44

FinnAust Mining buys Avannaa, gains new Greenland exploration licence

(ShareCast News) - Titanium and ilmenite explorer FinnAust Mining has bought Avannaa Exploration, after gaining approval from the Greenland government, and has won a new licence, which "strengthens" its footprint within country. FinnAust bought Avannaa from Capricorn Oil, a subsidiary of Cairn energ

22 Nov 2016 13:24

FinnAust In Talks To Raise GBP5 Million For Pittufik Project (ALLISS)

22 Nov 2016 13:19

FinnAust Mining in talks over share placing

(ShareCast News) - AIM-listed FinnAust Mining said it is in discussions with investors to potentially raise up to £5m from a placing of new ordinary shares to fund feasibility studies, among other things. The group said the proceeds would also be used to fund an environmental impact assessment, a so

5 Oct 2016 15:11

UK Shareholder Meetings Calendar - Next 7 Days

4 Oct 2016 10:32

FinnAust Mining shares rise as Pituffik development continues

(ShareCast News) - Greenland and Finland-focused company FinnAust Mining announced "significant advances" on Tuesday, in its optimising of the metallurgical processes required to produce an ilmenite concentrate from the Pituffik Titanium Project in Greenland. The AIM-traded firm said the "successful

27 Sep 2016 14:16

FinnAust announces completion of 2016 work programme

(ShareCast News) - Greenland and Finland-focused company FinnAust Mining announced on Tuesday that it has completed its 2016 work programme at the Pituffik Titanium Project in Greenland. The AIM-traded firm said the programme was designed in consultation with SRK Exploration Services, and executed b

19 Sep 2016 08:49

FinnAust Mining's full year pre-tax loss widens due to recent acqusitions

(ShareCast News) - Titanium and ilmenite explorer FinnAust Mining's full year pre-tax loss widened due to the cost of recent acquisitions, with management adding it was wary of the impact the Brexit vote would have on future trading and performance. For the year ended 30 June, loss before tax widene

14 Sep 2016 08:59

FinnAust Gets Green Light From Greenland For Social Impact Assessment

5 Sep 2016 11:04

FinnAust Mining takes over Cairn Energy´s Avannaa subsidiary

(ShareCast News) - FinnAust Mining announced the purchase of Greenland-focused Avannaa through an all-share deal, giving it access to new low-cost, high-quaility assets. The miner would pay Capricorn Oil, a subsidiary of Cairn Energy, $500,000 through the issuance of new shares. Significantly, two

5 Sep 2016 07:47

FinnAust Expands Greenland Presence With Avannaa Exploration Deal (ALLISS)

19 Jul 2016 09:19

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FAM.L Share News (FAM)

FinnAust Mining finds significant resource scale at Greenland titanium mine

FinnAust makes two senior appointments as Pituffik progresses

FinnAust appoints experienced marketing advisor

FinnAust posts positive test data from Pituffik

FinnAust Mining buys Avannaa, gains new Greenland exploration licence

FinnAust In Talks To Raise GBP5 Million For Pittufik Project (ALLISS)

FinnAust Mining in talks over share placing

UK Shareholder Meetings Calendar - Next 7 Days

FinnAust Mining shares rise as Pituffik development continues

FinnAust announces completion of 2016 work programme

FinnAust Mining's full year pre-tax loss widens due to recent acqusitions

FinnAust Gets Green Light From Greenland For Social Impact Assessment

FinnAust Mining takes over Cairn Energy´s Avannaa subsidiary

FinnAust Expands Greenland Presence With Avannaa Exploration Deal (ALLISS)

FinnAust Receives Approval For Greenland Pituffik Titanium Project

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