Oriole Resources plc announced an independent mineral resource estimate (MRE) of 155,000 oz gold grading 1.26 g/t gold in the inferred category for Faré South in its Senala project, Senegal. JOINT VENTURE The MRE is independent of the company’s joint venture partner IAMGOLD Corporation which has the option to spend up to $8 million to earn a 70% interest. […]
Month: November 2024
Kavango extends licence area and starts double shift at KSZ
Kavango Resources plc has extended its licence area to 8,751.7km2 and started double shift drilling in its exploration programme for copper-nickel-PGM rich sulphide ore bodies in the Kalahari Suture Zone (KSZ) in Botswana. LICENCES The company was awarded two further three-year PLs in the KSZ covering a combined 1,258km2 with the option of two two-year renewal […]
Condor Gold appoints John Seaberg as CFO
Condor Gold plc has appointed John Seaberg as chief financial officer with effect from 1 September 2021. He replaces Jeffrey Karoly who has been the company’s part-time CFO for four years while also being CFO of Rupert Resources. Mr Seaberg has more than 25 years’ experience in the mining industry and held a number of executive […]
Hummingbird completes GAP for Yanfolila
Hummingbird Resources plc said it had completed its GAP analysis as part of a series of programmes for its environment, social and governance (ESGs) practices near its Yanfolila gold mine in Mali, West Africa. SOCIAL World Gold Council Responsible Gold Mining Principles (RGMPs): Hummingbird’s GAP analysis was completed towards the end of Q2 2021. This is […]
Cadence cautious on Yangibana ore sorting test results
Cadence Minerals plc said it needed further information before assessing recent positive results from ore sorting test work outside its own rare earths interests at Yangibana in the Gascoyne, Western Australia. LICENCE The company is a 30% joint venture partner on three mining leases and six exploration licences. Hastings Technology Metals Ltd holds 70% on […]
Hummingbird revenue falls with output weighted in H2
Hummingbird Resources plc recorded a fall in revenue and swung to a loss as the company expects production to be weighted in the second half of 2021 at its Yanfolila gold mine in Mali, West Africa. FINANCES In its unaudited results for the six months ended 30 June 2021, the company reported revenue of US$87 million (H1 […]