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Proactive weekly mining highlights: Bezant Resources, Anglo Asian Mining, Trident Royalties, Cornish Lithium …

The transformation of Bezant Resources PLC (LON:BZT) is proceeding apace, as due diligence is underway and proceeding as planned on the Hope copper-gold project in Namibia, which the company is in the process of acquiring.

Red Rock Resources PLC (LON:RRR) and Power Metal Resources PLC (LON:POW) have updated on progress at the Blue Ribbon license in Victoria, Australia, which is owned by their joint venture, Red Rock Australasia (RRAL). As a result of the data, Blue Ribbon is now a priority target for RRAL, with next exploration steps including the finalisation of drill targets and the implementation of a three-hole, 1000 metre drill program.

Anglo Asian Mining PLC (LON:AAZ) has reported that it raked in an extra US$3.2mln in cash in the second quarter of 2020. After the three months to June 30, the Azerbaijan-focused miner said its cash balance stood at US$29.2mln at the end of the period, while gold production in the quarter had come in at 12,048 ounces (oz).

Jubilee Metals Group PLC (LON:JLP) has delivered its sixth consecutive six-monthly period of double digit growth, posting a 54% increase in first-half earnings to £12.8mln.

Strategic Minerals PLC (LON:SML) has boosted sales at the Cobre magnetite project in the US, despite the disruption of the coronavirus pandemic. Quarterly sales were up 89% on quarter-end June 2019 and ahead 38% year-on-year.

Oriole Resources PLC (LON:ORR) said a phase 3 drilling programme at the Pandora gold project in Djibouti has delivered “a number of significant intersections”.

Thor Mining PLC (LON:THR) has kicked off the second phase of geochemical sampling for gold, nickel, and chromium at its Pilbara Goldfield tenements in western Australia.

Savannah Resources PLC (LON:SAV) said it has continued to produce high-grade lithium from metallurgical work on ore from its Mina do Barroso project in Portugal.

Panther Metals PLC (LON:PALM) has announced the acquisition of the Dotted Lake exploration property approximately 20 kilometres (km) from Barrick Gold Corporation's renowned Hemlo Gold Mine.

Another day, another deal from Trident Royalties PLC (LON:TRR), which acquired a royalty on the Spring Hill gold project in Northern Territory, Australia, from Thor Mining PLC (LON:THR).

Bezant Resources PLC (LON:BZT) told investors that due diligence for its proposed acquisition of the Hope Gold project in Namibia, is “progressing as anticipated” as it provided new details from ongoing technical work.

Minergy Ltd (BSE:MIN) owns the Masama coal project in Botswana. “We have come such a long way and are pleased with developments at the mine site,” said Morné du Plessis, Minergys chief executive.

Ora Banda Mining Ltd (ASX:OBM) (FRA:M6N) has awarded the engineering, procurement and construction (EPC) contract associated with the restart of the Davyhurst Gold Processing Plant in Western Australia to GR Engineering Services Limited (ASX:GNG).

Regency Mines PLC (LON: RGM) has reported a positive outcome from the Wardens Hearing in Papua New Guinea in relation to its Mambare nickel project. Regencys joint venture partner attended the hearing. Earlier in the week, Regency said it is initiating exploration for the 2020 season at the 50%-owned Dempster vanadium project in Canada.

Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (OTCMKTS:WHELF) has been granted green label certification for debt issued to develop its Lake Way Sulphate of Potash (SOP) Project, which confirms the Western Australian project's positive environmental aspects.

Power Metal Resource PLC (LON:POW) said its two key strategic objectives, are to make one or more major metal discoveries within its portfolio and then crystallise the value of such discoveries for shareholders' benefit.

Metal Tiger PLC (LON:MTR) told investors it has subscribed for A$500,000 of shares in Artemis Resources Limited, taking up 7.14mln new shares at 7 Australian cents per share. Earlier in the week Metal Tiger said it has entered intRead More – Source

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