Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
18 November 2021
Alien Metals Ltd
("Alien" or "the Company")
Strong Nickel, Copper and PGE anomalies defined in initial trenching and rock chip sampling programme at Elizabeth Hill
Follow the link to view the announcement in full including all figures:
http://www.rns-pdf.londonstockexchange.com/rns/7547S_1-2021-11-17.pdf
Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to update the market on the results of its trenching and mapping programme at the Elizabeth Hill Project, host to the high-grade Elizabeth Hill Silver Mine in the Pilbara Region of Western Australia.
This trenching and mapping programme was completed as part of some QA/QC work by Alien on the numerous targets in the project, and was also planned to complement the recently completed initial drilling programme.
Highlights
· Strong Copper ("Cu"), Nickel ("Ni") and Platinum Group Elements ("PGE") mainly Palladium ("Pd") assays from trenching and rock chip sampling programmes
· Trenching results include:
o 26m @ 0.25% Cu and 0.2% Ni, including 8m @ 0.6% Cu, 0.38% Ni and 0.20 g/t Pd from trench 15a, which remains open on strike at both ends
o 34m @ 0.1 % Cu, 0.17% Ni and 0.19 g/t Pd over the entire length of trench 12a, also open on strike at both ends
· Rock chip results include:
o 2.2% Cu, 0.51% Ni and 0.6 g/t Pd from a sample taken from historic trench 15
o 0.23% Cu from sample at Yannery Hill prospect in Munni Munni North
· Results further validate the Company's view that the Elizabeth Hill Project hosts the potential for a much larger mineralised (VMS-style) system along with the silver deposit
Bill Brodie Good, Chief Executive Officer & Technical Director of Alien Metals, commented:
"The maiden trenching programme has reinforced historical anomalous copper, nickel and PGE mineralisation, which are still open along strike and, given the width and grade of these zones, could indicate the presence of a much larger system as a source. This mineralisation appears to be associated with the ultramafic intrusion of the Munni Munni intrusion, the known J-Reef and the complex structural controls in the area. These results will contribute to planning a follow-up field programme to expand our knowledge of the potential of these targets.
"The more regional rock chip sample results from Munni Munni North are also giving us further target areas to pursue, especially the southern trend of the J-Reef and the area around the Conquest prospect in the east, and we will continue to test these areas when we go back into the field."
Following a detailed review of the historical exploration carried out on the project, including the advice and recommendations from senior geologists who have previously worked on the project at various stages over the last 25 years, Alien proposed a series of trenches. The goal of this was to identify a repeat silver orebody as well as to identify a more de
Michael Masterman, Chairman of W Resources, commented: "We are delighted to have recently been awarded two licences from the Directorate General for Energy and Geology in Portugal. The Régua tungsten mining licence and the Assumar gold prospect exploration licence are both valuable assets within our mining portfolio. Whilst realising added value from the Assumar prospect is a longer term opportunity, the Company expects production of tungsten from the Régua mine to commence in H2 2022."
W Resources Plc (AIM:WRES), the tungsten, tin and gold mining Company with assets in Spain and Portugal, has completed a placement of 12,500,000 ordinary shares of 0.1p per share ("Ordinary Shares") at 6p per Ordinary Share to raise £750,000 (the "Placing") before expenses to new and existing investors.
Following the award of the mining licence at the Régua tungsten mine in Portugal, the majority of the funds raised from the Placing will be used to progress the mine development and to accelerate the environmental impact study report this quarter, as the team works towards first production in H2 2022.
The Company will also use part of the funds at the La Parrilla mine in Spain to improve the laboratories, finished goods warehouse and spare parts warehouse to ensure there are no internal bottlenecks as the Company moves towards its T2 production targets in Q1 2022.
3 November 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Greatland Gold plc
("Greatland" or "the Company")
Havieron lookalike targets identified in new Canning and Paterson South tenements
Two key targets with coincident bullseye magnetic and gravity features have been identified
Greatland will now prioritise these targets for follow-up exploration activity
Greatland Gold plc (AIM:GGP), a leading mining development and exploration company with a focus on precious and base metals, is pleased to announce it has identified two priority targets that are analogous to the magnetic and gravity anomaly associated with the Havieron gold-copper deposit.
These targets are situated within 100% owned areas being the Canning application and the adjacent recently acquired Paterson South tenement as announced to the market on 16 September 2021.
Highlights:
§ The Paterson South Target One comprises a strong gravity and near coincident magnetic anomaly
§ The Canning application Target Two comprises a strong coincident gravity and magnetic anomaly
§ Both targets are analogous to the magnetic and gravity anomaly associated with the Havieron gold-copper deposit, and follow-up exploration is warranted
§ Next steps are to confirm the historical gravity data and remodel the gravity and magnetic data, with the aim of targeting drill holes for one or both targets
Shaun Day, Chief Executive Officer of Greatland Gold plc, commented: "These targets, which have never been drilled, are exciting opportunities situated within our expanded holdings in the Paterson district. Both show strong magnetic and gravity anomalies, with characteristics analogous to the magnetic and gravity signature developed over Havieron.
As with Havieron, the new targets sit under cover and remain untested, which allows Greatland to apply our proven record of discovery and exploration success to identify prospective Telfer, Winu and Havieron style mineralisation. We consider these bullseye targets significant and exciting additions to our growth portfolio as we seek to discover further tier-one gold-copper deposits in the Paterson province."
1 November 2021
W Resources Plc
("W" or the "Company")
Régua Awarded Mining Licence and Portugal Update
W Resources Plc (AIM:WRES), the tungsten, tin and gold mining company with assets in Spain and Portugal, is pleased to announce an update on mining and exploration licences in Portugal.
Régua Tungsten Mine Project
Iberian Resources Portugal ("IRP") has now received the Régua mining licence, which was signed by the Directorate General for Energy and Geology ("DGEG") on Thursday 28 October 2021. This now clears the way for the environmental study to be submitted which is planned for Q4 2021. Approval of the environmental study will allow the release of the underground mining works authorisation, which is a key condition for the commencement of mining.
Régua is a high-grade, development-ready tungsten project with low capital cost and an updated Joint Ore Reserves Committee compliant mineral resource of 4.47 Mt at a grade of 0.27% WO3, including an indicated resource of 3.74 Mt at a grade of 0.28% WO3 (circa three times that of the ore grade at La Parrilla) and an inferred resource of 0.72 Mt at a grade of 0.21% WO3, which was completed by Golder Associates Pty Ltd and announced on 5 February 2020.
Trial mining operations at Régua commenced in early March 2020 with the commencement of the first two adits, with skarn ore zones intersected in the initial development. However, progress was halted following an extension in Portugal of COVID-19 related restrictions, which have now been lifted and the expiry of the trial mine licence in June 2021.
Plant design and procurement activities were near completion in advance of construction activities which had to be rescheduled until the COVID-19 restrictions were lifted and the mining licence awarded.
Assuming no further COVID-19 impacts, production is anticipated to commence in H2 2022, with annual production estimated to reach circa 1,000 tonnes of tungsten concentrate per annum, increasing W's total concentrate production, reducing average costs per tonne and increasing sales.
CAA Portalegre
At the CAA Portalegre project, the Assumar gold prospect exploration licence has now been granted. This expansive area covering 267 km2 is adjacent to the trial mining licence area of São Martinho gold project and is believed to include potential extensions of the known mineralised system and new potential areas. The application of the São Martinho gold project trial mining licence is still being reviewed by the DGEG and we expect its approval in the near future.
Michael Masterman, Chairman of W Resources, commented: "This is a long awaited milestone for Régua and we look forward to updating shareholders on our progress. With production expected to commence in H2 2022 we will transition to having two active tungsten mines, further increasing production, revenue and profitability."
Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:
“We are pleased to announce the commencement of the next phase of diamond core drilling on compelling targets at the Endurance Prospect on the Kalahari Copper Belt.
Following the successful exploration vectoring results from the most recent round of drilling at KML’s Endurance Prospect and extensive geophysical depth-conductor modelling of potential copper-silver mineralisation trap sites, work on the planned 2,350m, 8 drill hole, programme has now commenced.
We look forward to sharing further updates as the work progresses.”
Newcrest to upgrade Telfer on road to Havieron
October 13, 2021News Tom Parker
Telfer
The Telfer site. Image: Newcrest Mining.
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Newcrest Mining is planning infrastructure upgrades at its Telfer processing plant as the company targets first production at the Havieron gold-copper joint venture project in Western Australia.
The Telfer processing plant, located 45 kilometres east of Havieron in the Pilbara, is set to be a key player in the project, with Newcrest to transport ore from the mine to Telfer via road trains on an all-weather unsealed road.
Expected plant modifications include magnetic separation within the flotation circuit to reduce pyrrhotite levels in the final copper concentrate and a carbon-in-pulp (CIP) circuit on the flotation tail and cyanide detoxification circuit.
The plant modifications will form part of $529 million of the total capital expenditure Newcrest has projected for Havieron’s development.
Newcrest provided an update on its Havieron pre-feasibility study (PFS) this week, with the company board approving the progression of the project.
Newcrest managing director and chief executive officer Sandeep Biswas said taking the next step towards Havieron was a considerable milestone for the company.
“It is an incredible achievement that, within two years of starting the Havieron drilling program, we have been able to deliver this significant project milestone and demonstrate financial returns that comfortably exceed our hurdle rate, even in this first stage,” he said.
“The pre-feasibility study underpins an initial ore reserve estimate for the upper section of the south-east crescent zone which increases our confidence in achieving first production in the 2024 financial year (FY24) and triggers our entitlement to a cumulative 70 per cent joint venture interest.”
The announcement is independent of any added developments at Newcrest’s Telfer gold-copper mine, which has the potential to further buffer the company’s prospects.
“Notably, the study assumes that Havieron is the sole ore feed for the Telfer plant and does not assume any potential upside from the extension of Telfer’s mine life beyond FY24,” Biswas said.
“We continue to assess the potential for further open pit and underground opportunities at Telfer to extend its life and supplement production from Havieron in FY24 and beyond.”
In August, Newcrest announced its decision to proceed with the next cutback of the Telfer mine in Western Australia to underpin future operations at the site.
Newcrest’s board confirmed a $246 million investment may go ahead at Telfer’s West Dome stage five, requiring no additional permits, licences or approvals.
Part 2
We have successfully trebled our production capacity at West Kytlim, our ESG focussed PGM mine, while continuing to develop the electrification of the site to reduce the mine's carbon footprint. To that end we have selected an electric dragline to minimise our impact on the environment as well as to increase the efficiency of the stripping and mining, thereby reducing costs. Thus, the next year is expected to be transformation for West Kytlim on both the mining side with a highly productive electric dragline and on the processing side with 3 plants already launched.
My thanks to the staff and the Board for their continued commitment to creating additional value for our shareholders. The Company is in a very strong position financially, with an excellent portfolio of assets, and in a buoyant market for the future facing green metals: battery metals for EVs and PGMs for the hydrogen economy.'
Christian Schaffalitzky, Executive Chairman
Summary highlights of 2021 to date
· Agreement with Rosgeo concluded in March to form a globally significant battery metals and PGM district on the Kola Peninsula, positioning Eurasia among majors
· Wardell Armstrong International engaged in April for several comprehensive tasks including JORC resource audits which are almost complete and are expected to be announced shortly
· Proposal received in May for the potential acquisition of substantially all of the Company's assets. Since then, additional interest from other parties is being considered by the Board
· Eurasia's representative office in Japan was established
· Eurasia is now fully funded to fulfil its commitments in relation to the Rosgeo JV
· Three plants are now operating at the Company's producing asset West Kytlim
· The Company maintains its focus on ESG including scope 1 to 3 carbon emissions
Chairman's statement
'The first half of 2021 has been a very active period for the Company both operationally and commercially.
We concluded a company transformational, legally binding agreement with Rosgeo covering 9 projects which together with Monchetundra and Monchetundra Flanks (including NKT, high grade nickel-copper-cobalt and PGM deposit) form a globally significant battery metals and PGM district on the Kola Peninsula, positioning our Company among majors in terms of combined resources of Eurasia and the projects included in the agreement with Rosgeo.
Post period-end, Konstantin Firstov joined Eurasia as CEO of our Kola operations from a Managing Director position in Rosgeo bringing additional operational expertise as the former head of open pit mining at Achinsk, the largest operation of Rusal, a leading company in the global aluminium industry, producing metal with a low carbon footprint.
After signing the Rosgeo agreement at the end of March, Eurasia conducted a tender among international technical auditors and in April engaged Wardell Armstrong International for several comprehensive tasks including JORC resource audits which are almost complete and will be announced shortly.
In May we received a proposal for the potential acquisition of substantially all of the Company's assets and the Board decided to focus on this potential asset sale. Since then, we have seen additional interest from other parties. We have attracted top talent and top tier partners and advisers to prioritise and execute our strategy.
Tamerlan Abdikeev based in Tokyo joined the Board and Eurasia's representative office in Japan was established.
Also in May we were offered a $20m private placement at the market price by a leading US institutional investor. In September we cut back to $15m from a larger proposal made by a consortium of US professional institutional investors, again without discount, at the market price of 26p. We are now fully funded to fulfil our commitments in relation to the Rosgeo JV.
We have successfull
#Tin getting squeezed ?? - ALL TIME HIGH on both the #LME ($36,600/t) and #SHFE ($42,780/t)
Structural bullish market outlook and desperate need for sustainable supply outside developing economies
Picked up another 3 x 100k :)
Shows we must be on the up - we don’t even get decent trolls anymore :)
Highlights
· The initial Inferred JORC compliant resource stands at 10.4Mt @ 60.4% Fe including 7.8Mt @ 60.1% at the Sirius Extension target, 1.5Mt @ 61.2% at the Ridge E target and 1.1Mt @ 61.9% Fe at the Ridge C target.
· The Mineral Resource Statement ("MRE") has been restricted to material that falls within an optimised open pit shell and within the tenement boundary.
· Low levels of deleterious elements indicating that Han**** could produce high-quality Direct Shipping Ore (DSO) product.
· Ridges E and C are only partially tested to date, and the Company feel they have considerable potential to define further DSO grade material.
Bill Brodie Good, CEO & Technical Director of Alien Metals, commented:
"We are really pleased to have delineated in excess of 10Mt of DSO iron ore with our initial MRE at Han****. With only a quarter of the Western Ridges targets tested to date, we believe there is considerable scope to grow the DSO resource over the next 6 months.
"Having a sizeable maiden resource is encouraging; having DSO material with low impurities is even more pleasing and we are pushing ahead on the scoping study work with Mining Plus and continued planning for the Phase 3 drilling programme."
“ The Warrants have an exercise price of 26p per ordinary share and may be exercised at any time upon issuance and prior to the 3-year anniversary of the issuance date. The Warrants are expected to be issued on 23 September 2021”
Seems strange that the warrants were issued at the same price as the placing shares. Most warrants are issued at a premium to the placing price - strange?
Greatland Gold plc
("Greatland" or "the Company")
Acquisition of exploration tenements in the Paterson Province
Greatland to expand footprint in the Paterson province by over 1,000km2, including a prospective area strategically located between Havieron and Telfer
Greatland Gold plc (AIM:GGP), a leading mining development and exploration company with a focus on precious and base metals, is pleased to announce it has entered into an agreement with Province Resources Limited (ASX:pRL) to acquire the 100% owned Pascalle tenement, the 100% owned Taunton tenement and two tenement applications for exploration licences in the Paterson Province of Western Australia for a consideration of cash and shares.
Highlights:
§ Acquired 100% owned Pascalle tenement covering 75km2 in the Paterson Province
§ New tenement is proximal to world class gold-copper deposits with Havieron 20km to the East and Newcrest's Telfer Mine 14km to the West
§ Acquired the 100% owned Taunton tenement in Paterson South, centered 240km south-east of Havieron and covering 100km2
§ Acquired two licence applications in Paterson South, located between 120km-170km south east of Havieron and covering 840km2
§ Greatland has separately lodged the Canning licence application, which is adjacent to one of the Paterson South licence applications and consolidates the area of interest
§ All areas contain multiple magnetic and other geophysical anomalies identified to date and remain untested
August 2021 Overview
· Concentrate production totalled 75.6 tonnes ("t"), an increase of 11% over July 2021
- Tungsten concentrate totalled 67.7t, an increase of 16% over July production
- Tin concentrate of 7.9t is 19% less than July due to reprocessing issues impacting recovery. Measures are in place to continue to resolve this
· Highest monthly tungsten recovery to date at 65% and monthly plant utilisation rate constant at 91%
· Three shipments of tungsten concentrate completed during the month
· Transitioned to a 24 hour, 7 day working week on 7 September
Michael Masterman, Chairman of W Resources, commented: "Production at La Parrilla continues to increase and following the move to a 24 hour, 7 day working week in September we expect an increase in production going forward. Accessing our higher-grade ore has contributed towards the increasing tungsten recovery rates.
"Our current priority is to build production and improve tin recoveries and we remain positive about reaching our production target of 1,000t of concentrate in 2021 and increasing the production run-rate in Q4 2021 towards our T2 Target of 675t per quarter."
The Company looks forward to issuing its full Q3 2021 Production update in October 2021.
Shaun Day, Chief Executive Officer of Greatland Gold plc, commented: "The Growth Drilling campaign at Havieron continues to deliver excellent results with significant intercepts of high-grade gold and copper outside the existing resource shell. These assay results have once again extended known mineralisation below the main South East Crescent zone and to the north-west in the Northern Breccia, adding further scale and value to the Havieron orebody.
With nearly 200,000 metres of drilling now completed, including extensive Growth Drilling in recent months, we have significantly enhanced our understanding of the orebody and the likelihood of delivering an upgrade to the Mineral Resource Estimate in the near-term.
Early works for the mine development are progressing to plan with the decline now advanced to over 120 metres from the Portal towards the top of the orebody.
The pace of construction activities and surface infrastructure at Havieron is intended to expedite future mining operations, enabling early free cash flows to be re-invested into further development. This supports our belief that the low-risk profile of Havieron makes it a globally unique opportunity for bringing a tier-one gold-copper mine into production."