Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Https://www.mining.com/web/chinas-2023-iron-ore-imports-hit-a-record-high-on-rising-demand/
Https://www.mining.com/uranium-jumps-to-15-year-high-as-top-miner-flags-shortfall/
Stephen Sanderson UKOG's Chief Executive commented:
"The Placing's proceeds will help us to put our material Portland, Dorset salt cavern hydrogen storage project forward for an allocation award in the government's first hydrogen storage allocation round, now scheduled for Q3 2024. We are excited by the government's acceleration of the allocation round and its emphasis upon geological hydrogen storage, a welcome recent development which now makes the new hydrogen storage sector real and tangible."
Https://www.lse.co.uk/rns/UKOG/turkey-pinarova-1-testing-update-7ia6oqidnx9uazc.html
Turkey: Pinarova-1 Testing
UK Oil & Gas plc (London AIM: UKOG) is pleased to announce that following the successful completion of repair and strengthening of the access track and well pad during recent good weather, we are advised by operator AME that perforating operations should commence towards the end of next week or by the following Monday, 22 January 2024.
PSI, the service provider of the new 7-inch perforating guns, capable of fully penetrating Pinarova's 9⅝-inch casing, has now been mobilised and their wireline-conveyed perforating operations can start in line with the above schedule. Further updates will be issued in due course.
The new guns will be deployed over the Germik/Hoya section where strong oil odours at surface were recorded over a 12-hour period during drilling and mobile light oil was recovered from the mud pit (see RNS of 22nd September 2023). Geochemical analysis found the mud pit oil to be near identical to that found in the seismic shot hole oil seep, located around 1.5 km to the west.
UKOG holds a 50% non-operated interest in Pinarova-1 and the surrounding 305 km² Resan licence, which also includes the as yet undeveloped Basur-1 light oil discovery.
Https://www.mining.com/web/uranium-miners-surge-on-500-million-us-enrichment-push/
Https://twitter.com/UKOGlistedonAIM?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Update on La Preciosa Silver Royalty
Trident Royalties Plc (AIM: TRR, OTC: TDTRF), the diversified mining royalty company, is pleased to note recent positive progress announced by Avino Silver and Gold Mines Ltd. ("Avino", TSX: ASM, NYSE AMERICAN: ASM) on its La Preciosa Silver Project ("La Preciosa"). On 15 May 2023, Trident announced the acquisition of royalty assets 1 comprising:
· 1.25% net smelter return royalty covering the Gloria and Abundancia veins at La Preciosa;
· 2.00% gross value return royalty covering all other areas of La Preciosa;
· US$8.75 million milestone payment, payable to Trident within 12 months of first silver production at La Preciosa.
LA PRECIOSA SILVER PROJECT
Avino recently reported that it has signed a long-term land-use agreement with a local community for the development of La Preciosa. La Preciosa hosts one of the largest undeveloped primary silver resources in Mexico and is located approximately 19 kilometres from the current Avino Mine operations, which has an operating 2,500 tonnes per day mill processing facility and all the necessary infrastructure to allow for mineral processing from La Preciosa.2
David Wolfin, Chief Executive Officer of Avino commented for the purpose of its announcement2:
"With this long-term land-use agreement in place, we can commence hauling of old surface stockpiles to our mill for processing. We are now able to begin the filing of our environmental permit for underground extraction. Pending regulatory approval, we can start developing the ramp down to our initial target of the high-grade Gloria vein. The La Preciosa mine represents a key pillar in our transformational growth strategy, as well as hosting a large endowment of silver and gold resources which we expect to process for years to come. We are delighted to work with our local community stakeholders to come to this amicable and cooperative result." 2
Adam Davidson, Chief Executive Officer of Trident commented:
"2024 is off to a great start at Trident with Avino's progress at La Preciosa. With the land-use agreement in place, Avino is moving to first production from its stockpiles while it obtains the requisite permits to commence underground production. We want to congratulate Avino on this milestone and look forward to continued growth at the broader Avino operation, with La Preciosa playing a key role moving forward."
Https://twitter.com/UKOGlistedonAIM?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Director Share Purchase
The Company announces that Adam Davidson, Chief Executive Officer and executive director, has purchased 70,914 ordinary shares of £0.01 in the Company ("Ordinary Shares") on market at 36 pence per Ordinary Share. Following this share purchase, Adam Davidson holds 500,000 Ordinary Shares representing 0.2% per cent of the Company's voting rights.
Further details are set out in the PDMR form below, made in accordance with the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.