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Creamer Media Reporter

Marmota considering treating Aurora Tank ore at WPG’s Challenger plant

24th November 2017 ASX-listed junior Marmota is considering various options to bring its Aurora Tank gold project, in South Australia, into production, one of which is to treat ore at fellow listed WPG Resources Challenger gold processing plant, 50 km to the north-east. Marmota and WPG have executed a memorandum of... 

Way paved for PTM's disposal of platinum mine to Royal Bafokeng

23rd November 2017 TSX-listed Platinum Group Metals (PTM) on Thursday announced that the due diligence and the execution of binding legal agreements to sell Maseve Investment to Royal Bafokeng Platinum (RBPlat) had been concluded. The $74-million deal will see RBPlat pay Maseve an initial $58-million in cash to... 

Exploration supports expanded production at Nullagine

23rd November 2017 Recent drilling at Millennium Minerals’ Nullagine gold project, in the Pilbara, has returned positive results and supports the company’s plans to deliver a “step-change” in the operation’s production. The ASX-listed company announced on Thursday that drilling had returned positive intercepts... 

Savannah reports 'significant' lithium intersections at Portugal project

22nd November 2017 The reverse circulation (RC) drill programme for the Mina do Barroso lithium project, in Portugal, has returned significant intersections of lithium mineralisation, Aim-quoted Savannah Resources reported on Wednesday. The company has completed a further 27 holes f 

Toral exploration licence renewed

22nd November 2017 ASX- and Aim-listed Ferrum Crescent has been granted a renewed, three-year exploration licence for its Toral project, in Spain, effectively resetting the “exploration clock” for the lead/zinc assets. Ferrum Crescent subsidiary GoldQuest Iberica, which is the holder of the Toral exploration... 

Berkut says maiden Norway drilling programme on schedule

22nd November 2017 ASX-listed Berkut Minerals is advancing its maiden diamond drill programme at its Skuterud cobalt project in Norway, with the final hole of a six-hole programme currently under way at the historic Middagshville prospect in the southern licence. This will be followed by a single hole at the... 

Havilah teams up with CMC to develop North Portia

22nd November 2017 South Australia copper-focused junior Havilah Resources and mining partner Consolidated Mining and Civil (CMC) have agreed to jointly advance the North Portia copper/gold deposit, which is a key element of miner’s copper growth strategy. The parties have signed a binding memorandum of... 

Polyus starts two-year drilling campaign at large gold deposit

21st November 2017 A two-year, 180 000 m drilling campaign at the Sukhoi Log deposit – Russia’s biggest greenfield gold project – has started. A three-dimensional block model, which used historical drilling results, has estimated an inferred mineral resource of 58-million ounces, grading 2 g/t. 

Tlou to list on Botswana Stock Exchange, raise £2.4m from new investors

21st November 2017 Coal-bed methane project developer Tlou Energy has secured the support of new investors and plans to list on the Botswana Stock Exchange (BSE) by mid-December. The Aim- and ASX-listed company will submit its application to list on the main board of the BSE this week. 

Gold Road locks in portion of Gruyere’s production

20th November 2017 Gold development and exploration company Gold Road, which is building the Gruyere gold mine in a joint venture with South Africa’s Gold Fields, has entered into forward sales with two major banks for up to 200 000 oz of Australian dollar denominated forward sales. To date, the company has locked... 

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