Hummingbird Resources plc said it had discovered new ounces of gold and will double its 2021 exploration budget to $10 million at Yanfolila, southern Mali. The news comes as the company published a new internal mineral resource estimate (MRE) following its £5m 2020 exploration programme. Hummingbird said it had met last year’s three objectives which […]
Tag: extractive industries
CAML navigates 2021 from strong position
Central Asia Metals plc (CAM) minimised losses during 2020 as it increased cash in the bank while paying off more debt. The company owns 100% of the Kounrad SX-EW copper project in central Kazakhstan and Sasa zinc-lead mine in North Macedonia. For full year results for the 12 months ended 31 December 2020, the company reported group gross […]
Cora Gold review improves results from Dako II drill
Cora Gold Ltd reported improved results from the re-analysis of samples from drilling at Dako II permit in southern Mali. The junior miner conducting drilling during the final quarter of 2020 at the site contiguous with the company’s flagship Sanankoro gold project. The first-pass screening 50g fire assay results set out in an announcement on […]
Helium One quickens pace with £6.5 million cash
Helium One Global Ltd recorded a significant increase in cash for its Rukwa exploration and development project in Tanzania. In its unaudited interim results for the six months ended 31 December 2020, the company reported a net cash balance of $6,584,886 compared with $577,997 for the same period in 2019. An oversubscribed fundraise resulted in […]
Tertiary boosted by copper results at Lucky
Tertiary Minerals plc said it had encouraging analytical results from its first drill hole at the Lucky copper project in Nevada, USA. Hole 21TLRC001 was drilled to a depth of 108.24 metres and intersected two magnetic gossan zones containing low-grade copper (+/-gold) mineralisation. The miner said that there was highly anomalous copper (average 325 per […]
‘Male and pale’ culture in minerals sector must end
Mineral and resource companies should demonstrate an increase in female employees by the end of 12 months, said the CEO of the industry’s trade association. Positions which need to be occupied by women range from new recruits to board directors and chief executives as well as public speakers. Chief executive of the Mineral Products Association […]