(MENAFN- ProactiveInvestors - UK) Kibo Mining (LON:KIBO) has published details of the listing of its Tanzanian gold interests.
A new company, Katoro, will comprise of Kibo's Imweru and Lubando projects but not Lake Victoria Gold's Imwelo deposit as was originally intended.
Aura Energy Ltd's (LON:AURA, ASX:AEE) move into gold exploration in Mauritania appears to have been a particularly well judged one.
It picked up two prime licences along the extensive Archean greenstone belts – decision partly vindicated by 'exceptionally strong' drill results from next door neighbour, TSX-listed Algold Resources.
Shares in Ferrum Crescent Ltd (ASX:FCR, JSE:FCR, AIM:FCR) beamed 18% higher as it finally sealed the acquisition of two exciting lead, zinc projects in Spain.
The projects are in the provinces of Leόn and Galicia, both historic mining areas and the purchase, via the acquisition of GoldQuest Iberica, represents advanced exploration assets at low cost.
Pan African Resources plc (LON:PAF) and Shanta Gold Ltd (LON:SHG) are the two UK top picks in gold mining, according to the broker Peel Hunt, which has released a 41-page update on the sector.
Pan African, which reported stellar results on Wednesday, offers investors income, as it boasts a dividend yield of 4.5%, while Shanta is a 'deep value play'.
Shares in Kibo Mining PLC (LON:KIBO) went higher as it brought in a Barclays banking group to advise it towards financial close for its Mbeya Coal to Power Project in Tanzania.
Absa Bank Limited (Absa) will replace Standard Bank for this important development phase and will take an equity stake in the project when completed, instead of a standard retainer fee.
Shares in Kier Group plc (LON:KIE) rose more than 3% after the company boosted annual profits, slashed its debt and pension deficit and hiked its dividend.
The stock gained 45p to 1325p as Kier said underlying profit from operations increased 44% to £150mln, including a full-year contribution from its £265mln acquisition of support services group Mouchel.
Ironridge Resources Limited (LON:IRR) is ready to seal the deal for a major new gold discovery in Chad.
Having signed an exclusive option with Tekton Minerals in the summer, the company told investors that the deal was now unconditional.
Shares in Berkeley Energia (LON:BKY) advanced 8% after it made a breakthrough in its bid to commercialise the planned uranium mine in Spain – but according to one City broker this may just be start of the journey for the stock.
The news first: The AIM and ASX-listed mine developer has signed an outline agreement to supply the commodity trading firm Interalloys with the first million pounds of output from the Salamanca project.
Berkeley Energia Ltd (LON:BKY) has made a significant breakthrough in its bid to commercialise the Salamanca uranium mine in Spain.
For the company has signed an outline agreement to supply the commodity trading firm Interalloys with the first million pounds of output.
Shares in resource investor Metal Tiger PLC (LON:MTL) nudged higher as it said the permitting process to bring the Song Toh and Boh Yai silver-lead-zinc mines in Western Thailand was now underway.
This is just part of wider newsflow the group expects from Thailand, involving exploration for the remainder of 2016.
Junior miner Armadale Capital (LON:ACP) has started a new drilling programme at the Mahenge Liandu graphite project in Tanzania.
Approximately 1,400m of drilling is planned over a 2km strike length targeting graphite schist mineralisation.
Operational issues at Premier African Minerals Limited's (LON: PREM) RHA tungsten project in Zimbabwe have been well documented but the new look crushing screens have now been commissioned, it told investors.
The new mesh inserts top adjust sorting size upwards have now been installed and commissioned, it said on Friday.
Armadale Capital PLC (LON:ACP) continues to try and finalise financing discussions with potential partner African Mining Contracting Services Group on its Mpokoto gold mine in the DRC, it told interim results.
"These discussions are proving lengthy and to date, unrewarding," it said, adding it was now assessing alternative potential commercial arrangements.
Shares in Solgold PLC (LON:SOLG) rose by more than 5% to 14p after the company announced that Maxit Capital had offered to arrange a cash investment into the company at US$0.16 per share.
The offer for subscription is priced at US$0.16, a 100% premium to an offer already on the table from Australian gold major Newcrest (ASX:NCM).
Shares in resource investor Metal Tiger PLC (LON:MTL) added over 8% as it increased its holding in Australia-focused Greatland Gold plc (LON:GGP).
Metal now holds 9.56% of Greatland's capital, having bought a further 6mln shares at 0.174p.
W Resources PLC (LON:WRES) has produced its first tungsten concentrate from the La Parrilla mine in Spain.
Production of tungsten and by-product tin is now expected to ramp up to a run rate of 400 tonnes per annum by the second quarter of 2017.
A new crusher will be installed early in 2017 to reduce unit operating costs significantly and also to boost capacity.
Savannah Resources Plc (LON:SAV) moved closer to its aim of starting copper mining in late 2017 in Oman by submmitting two mining licence applications.
They relate to the Mahab 4 and Maqail South deposits in Block 5 and are for an open-cut development at Maqail South and for an underground development at Mahab 4.
Xtract Resources PLC (LON:XTR) has pulled the plug on its Chepica gold mine in southern Chile after deciding the costs and technical challenges made it unviable.
Chepica was the linchpin of the company's original strategy to generate cashflow quickly, but Xtract now does not think the mine can consistently produce 10,000 ounces of gold per year.
Ironridge Resources Limited (LON:IRR) has kicked off a new drill programme at the May Queen gold prospect in Queensland, Australia.
It will initially be a ten-hole programme, comprising a total of 500 metres of drilling. The aim is to verify historic data which has indicated high grades (including 38.8 grams per tonne gold, 73.4 g/t and 145 g/t).
Rambler Metals and Mining PLC (LON:RMM, CVE:RAB) is eyeing further production increases in its year to end July 2017 having met or bettered guidance in fiscal 2016.
A move into the higher grade Lower Footwall Zone (LFZ) paid off and the total put through the mill was 241,080 dry metric tonnes - a 12% increase over the 216,000 tonnes milled in the previous year.
Bushveld Minerals Limited (LON:BMN) has been granted Integrated Environmental Authorisation (IEA) for its Mokopane vanadium project in South Afrcia.
The environmental impact assessment is part of a mining permit application (MRA) process started by the company 18 months ago.
Landore Resources Ltd (LON:LND) unveiled final drill results from its exciting Bam East gold prospect in Ontario, which further enhanced its potential as a large, low cost open pit mine.
The latest drilling extended the prospect for 500 metres along strike and to a depth of 150 metres, and latest finds show wide zones of near surface mineralisation.
Shares in Pan African Resources plc (LON:PAF) advanced 4% in early afternoon trade after the South Africa-focused gold miner posted a more than doubling in full-year earnings on the back of record production.
Profit after tax grew 118% to £25.5mln, though in rand terms it was up 160%.
South African diamond miner DiamondCorp (LON:DCP) has generated almost US$800,000 from the sale of stones unearthed during the ramp-up period at its Lace mine.
Some 7,121 carats (cts) of diamonds were sold in the past three months to raise $782,455.
The largest shareholder in Chaarat Gold Holdings Ltd (LON:CGH) is to join the board of the company as non-executive chairman.
The appointment of Martin Andersson, who holds his Charaat stake through Labro Investments, coincides with a refreshed statement of the planned path to production for the company's flagship Tulkubash project in Kyrgyzstan.
Greatland Gold PLC (LON:GGP) has reported anomalous levels of metal typical of a polymetallic VMS-type system at its Bromus project in Western Australia.
Notable grades of silver, zinc, cadmium and sulphur were unearthed with low level nickel intercepts as well.
Rare Earth Mineral Plc (LON: REM, OTCMKTS:REMMY) is to increase its stake in Bacanora Minerals Ltd with an 'on-market' deal worth £4.5mln.
The transaction, which has been agreed and is expected to complete later this month, will see REM grow its stake in Bacanora to 19.8% from 15.5%.
Fox Marble Holdings PLC (LON:FOX) has seen a reshuffling of senior responsibilities with managing director Etrur Albani stepping down from the board.
Albani will remain with the Kosovo and Balkans-based marble quarry group, but just not at director level.
Drilling is now underway at the Zulu lithium project in Zimbabwe, held by Premier African Minerals Limited (LON:PREM).
Core from the first drill hole has been recovered and shows visual mineralisation across a 9.5 metre intersect from a down-hole depth of just 10.5 metres.
'A sustained cyclical upswing in the drilling services sector is underway,' according to commentary released today by Capital Drilling Limited (LON:CAPD).
The statement came as Capital announced a new contract win with Acacia Mining Kenya, part of the African gold giant Acacia Mining (LON:ACA).
Sunrise Resources Plc (LON:SRES) said results from latest drilling at the Bay State silver project in Nevada is now completed and results from two holes are expected in six weeks.
It was part of a broader release which gave an overview of the firm's strategy and businesses, reiterating it had a portfolio which spanned several different mineral assets.
Metals miner Mandalay Resources Corp (TSE:MND) said operations had started again at its Cerro Bayo underground silver-gold mine in Chile.
It comes after a contractor fatality on September 10, after which an investigation into the incident was started, and operations were suspended.
Bezant Resources plc (LON:BZT) has raised £1.19mln of new capital for planned exploration and development work programme in Colombia.
In Colombia the group is to explore near surface platinum and gold assets in the Chocó region.
Earlier this month Bezant told investors that mobilisation operations had begun in Colombia, ahead of excavation and bulk sampling work.
Alba Mineral Resources PLC (LON:ALBA), one of the junior partners in the 'Gatwick gusher' well at Horse Hill in Sussex, has successfully raised £900,000.
The stock, which has advanced around 19% over the last month, was placed at 0.2p, or a 24% discount to Friday's closing price.
Africa-focused gold producer Goldplat Plc (LON:GDP) has appointed Mathew Robinson as non-executive chairman.
Robinson brings to the board 12 years' experience in mining and resources, joining from broking firm finnCap.
Metminco Limited (LON:MNC ASX:MNC) has raised A$1mln (£0.57mln) to put towards Miraflores, its new gold project in Colombia.
A scoping study recently indicated an underground mine producing 50,000 ounces of gold per year would be a viable option and the money raised will help fund a more detailed assessment of this plan.