Operational highlights include the signing of two agreements with BCM for the Bibemi and Mbe projects. #ORR received $1.5 million on signing, which gave BCM a 10% interest in each licence, potentially rising to 50% by funding up to $4 million in exploration per licence. The MRE for #Bibemi was upgraded to a contained 375,000 Troy oz in 5.1 Mt grading 2.30 g/t Au for Bakassi Zone 1. The Phase 5 drilling programme also commenced at BZ1 and, in June, an ELA was submitted to the Cameroon government. Infill soil sampling was completed at Mbe, and a follow-up trenching programme at the MB01 target delivered initial results up to 50m at 1.11g/t gold, including 20m at 2.23g/t (MBT001). The results support ORR’s opinion that Mbe is a potentially significant discovery. Managem Group completed its earn-in at Senala and confirmed it had spent ~$5.8 million on exploration, giving it a ~59% interest. The remaining % is held by an ORR subsidiary. The licence was renewed for a further three-years, and discussion on the next steps are ongoing. Pre-tax profit for the period was £1.15 million, and the cash balance of Oriole as at 30 June 2024 was £0.84 million.
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Cobre Limited is pleased to provide a summary of activities for the Quarter ended 30 September 2024 at its projects located in Botswana and Western Australia. Highlights over the quarter: ⚪On 23 September 2024, Cobre announced the signing of a letter of intent to negotiate exclusively with a wholly owned subsidiary of BHP for a material earn-in joint venture agreement over Cobre’s Kitlanya West and East Copper Projects in Botswana. ⚪Kalahari Copper Belt Focus: This quarter saw our team intensifying efforts in the heart of the Kalahari Copper Belt, successfully completing several key exploration programs. ⚪In-Situ Copper Recovery Boost: Hydrogeological tests at Ngami Copper Project confirm that injection and recovery in primary mineralisation is feasible—paving the way for an In-Situ Copper Recovery process. ⚪Exciting Drilling Results: Three of six diamond drill holes at Okavango hit copper-silver mineralisation, revealing serious high-grade discovery potential across the tenement! ⚪Results of the recent trading halt expected to be announced imminently. View or download the report here: https://loom.ly/CyUE4qk #CBE #Botswana #Quarterly #Cobrelimited
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Cerro de Pasco Resources Inc. (CSE:CDPR) (OTCPK: GPPRF) (FRA: N8HP) is delighted to confirm that the Company has been granted a long awaited Land Easement via Supreme Resolution providing access to the surface areas corresponding to its wholly owned El Metalurgista Concession and Quiulacocha Tailings Project, where the Company will perform its exploration drilling campaign, marking a major milestone for the Company. The Resolution, which overrides deadlock with the State-owned Activos Mineros SAC (“AMSAC”), enforces the Company’s legitimate rights as holder of the El Metalurgista Concession, to explore and in due course exploit the QT Project. Following concerted action led by the Ministry of Energy and Mines and a rigorous process, the Government signed the Supreme Resolution, thus marking the start of the full-scale project in Cerro de Pasco. Easements of this type have only been granted a handful of times in the past in Peru. Learn More https://lnkd.in/gqQPNKGg #MiningMilestone #CerroDePasco #LandEasement #PeruMining #ElMetalurgista #QuiulacochaTailings #MiningExploration #ResourceDevelopment #CDPR #MiningRights #SurfaceAccess #MiningProjects #GovernmentResolution #MiningInnovation #AMSAC #EnergyAndMines #ExplorationDrilling #MiningInvestment #MiningIndustry #ProjectMilestone
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Cerro de Pasco Resources Inc. (CSE:CDPR) (OTCPK: GPPRF) (FRA: N8HP) is delighted to confirm that the Company has been granted a long awaited Land Easement via Supreme Resolution providing access to the surface areas corresponding to its wholly owned El Metalurgista Concession and Quiulacocha Tailings Project, where the Company will perform its exploration drilling campaign, marking a major milestone for the Company. The Resolution, which overrides deadlock with the State-owned Activos Mineros SAC (“AMSAC”), enforces the Company’s legitimate rights as holder of the El Metalurgista Concession, to explore and in due course exploit the QT Project. Following concerted action led by the Ministry of Energy and Mines and a rigorous process, the Government signed the Supreme Resolution, thus marking the start of the full-scale project in Cerro de Pasco. Easements of this type have only been granted a handful of times in the past in Peru. Learn More https://lnkd.in/et5AtA5T #MiningMilestone #CerroDePasco #LandEasement #PeruMining #ElMetalurgista #QuiulacochaTailings #MiningExploration #ResourceDevelopment #CDPR #MiningRights #SurfaceAccess #MiningProjects #GovernmentResolution #MiningInnovation #AMSAC #EnergyAndMines #ExplorationDrilling #MiningInvestment #MiningIndustry #ProjectMilestone
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We're pleased to share further significant results from ongoing drilling at our Kokoseb Gold Deposit in Namibia. With three drill rigs in operation, our dual focus is resource growth and classification upgrade. 🌟 Key Highlights: ➡️ Northern Zone – significant widths and grades, wide open at depth: - 43.1m at 1.34 g/t Au from 249.4m (KRD180) - 22.9m at 1.89 g/t Au from 330.7m (KRD183) - 13.2m at 1.88 g/t Au from 380.6m (KRD189) ➡️ High-grade extensions between Western and Central Zones: - 6.9m at 2.30 g/t Au from 303.8m (KDD025) - 3.5m at 5.27 g/t Au from 313.7m (KDD025) - 7.0m at 5.35 g/t Au from 321.7m (KDD025) - 11.5m at 2.41 g/t Au from 333.4m (KDD025) ➡️ Gap Zone to Western Zone link – now higher-potential sub-parallel interpretation: - 9m at 1.69 g/t Au from 75m (KRC194) - 18m at 1.58 g/t Au from 224m (KRC194) Our Executive Chairman, Josef El-Raghy, commented: “Kokoseb continues to deliver further significant drilling results as we target a range of strike and depth extension opportunities across the main zones. Our current drilling focus is also directed towards increasing classification levels of the existing MRE via further systematic drilling of the shallower mineralisation across these zones. With three rigs in operation at Kokoseb we look forward to a steady pipeline of drilling results over the remainder of 2024.” Read the full announcement here: https://bit.ly/4apnm9r #WiaGold #WIA #Kokoseb #GoldExploration #Namibia #ASXNews
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Elaine Ellingham, Omai Gold's CEO reports, “I was in Guyana a few weeks ago, as we were mobilizing for the next phase of drilling at our Omai project. With our $13 million financing completed in June, we are well financed to accelerate our programs. We anticipate that 2024 drilling will be quite exciting as we target an expanded Mine Plan that is also expected to increase the overall Omai gold resource. There are many areas where we have identified gold mineralization and further drilling of these near surface targets, including the East Wenot extension, the Camp zone, Snake pond and Blueberry Hill will be part of the 2024 program. One priority is testing several “gaps” within the current Wenot open pit model that have seen little to no drilling and have excellent potential to host additional mineralized zones. Since these areas are currently within the proposed economic pit as “waste”, the impact of showing some additional gold mineralization could effectively reduce the strip ratio, thereby potentially boosting a future economic model. Two holes from the south, targeting wide “gaps” in the Wenot deposit, have been completed to date. Assays are pending.”
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We're pleased to announce that we have received further high-grade Cu-Au laboratory results from ongoing exploration at the highly prospective Mpanda Project in #Tanzania. RMI's Executive Chairman, Asimwe Kabunga, said: “Ongoing exploration activities at our highly prospective Mpanda Copper-Gold Project continue to deliver exceptionally high grades and they are helping the Company define multiple opportunities for potential exploitation of major resources within our extensive tenement package. Exploration is ongoing with auger drilling, more soil and rock chip sampling and trenching being undertaken to define all anomalous areas within our tenements. Our goal is to create one or more significant Copper-Gold projects in the near-future and we have every confidence that we can achieve this. More comprehensive drilling is planned following completion of current work streams. Copper and Gold prices are showing exceptional strength and we are well-placed to deliver significant shareholder value on the back of more good exploration results.” Read the full ASX announcement here: 👉https://lnkd.in/gY-w_Run #RMI #copper #gold #ASX #ResourceMiningCorporation
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Ora Gold Limited (ASX:OAU), a Western Australian gold explorer, is pleased to provide shareholders and investors with an exploration and operations overview to accompany the Appendix 5B for the quarter ending 30 June 2024 Commenting on key outcomes for the Quarter, Ora CEO, Alex Passmore said: “We are very pleased to report on another busy quarter of positive achievements at the Company’s Garden Gully Gold Project. The Westgold Strategic Alliance entered into in May will facilitate the rapid development of the Crown Prince Prospect and will leverage off Westgold’s experience and resources in the region. On the ground activities have been focussed on delineating new ounces to add to the Company’s resource inventory and other drilling to facilitate the technical work required to move Crown Prince into production. Environmental surveys and sterilisation drilling have been completed with site layout design well advanced. Geotechnical and hydrogeological drilling is ongoing. The coming 3 months will see many of the technical work streams for the development of Crown Prince finalised and we look forward to updating the market on the outlook for production as these come together.” Read more: https://lnkd.in/gFQKviwV
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Oriole Resources PLC – pleased to provide an exploration update for its 80%-owned Mbe gold project in the Adamawa region of Cameroon, where BCM International Ltd is currently funding up to US$4 million in exploration expenditure. Mbe is just one of five licences within Oriole’s broader package of contiguous exploration licences, the ‘Eastern CLP’, which covers 2,266 km2 of ground prospective for gold deposits. Initial results for three of the first nine trenches approximately 200m apart located on the c. 1km long MB01-N sub-prospect include the following best channel sample intersections: - Trench MBT001 - 50m at 1.11 g/t gold, including 20m at 2.23g/t Au; - Trench MBT003 – 68m at 0.77g/t Au, including 24m at 1.18g/t Au; Intersections correlate well with the previously reported gold-in-soil anomalies, with all three being associated with a mineralised felsic porphyry unit. Further results from the remaining trenches are expected to be released over the next few weeks. The trenching results will inform the planning of the maiden drilling programme in the 2024/2025 field season. #westafrica #cameroon #goldexploration #orr https://lnkd.in/eQvC3VnA
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Andromeda Metals Ltd (ASX:ADN, OTC:ANDMF) has acquired a 51% interest in the #EyreKaolinJointVenture (EKJV) in South Australia after meeting the requirements of the Stage 1 earn-in In August 2021, the company agreed with Peninsula Exploration Pty Ltd to earn up to an 80% interest in four tenements held by Peninsula. These tenements, located near ADN's #TheGreatWhiteProject (TGWP), include #kaolinprospects with properties complementary to those at TGWP. Andromeda has met the Stage 1 earn-in requirements by spending A$750,000 on exploration and evaluation activities within three years. Drilling on EKJV tenements resulted in a combined inferred resource of 53.5 million tonnes of #kaolin, announced in November 2023. This includes 27 million tonnes of Bright White, low #titaniumkaolinisedgranite (Chairlift CRM) and 26.5 million tonnes of #rheologymodified kaolin (Chairlift HRM). More at #Proactive #ProactiveInvestors http://ow.ly/CfR8105AGWA
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Article reporting on Andromeda meeting its Stage 1 earn-in requirements, thereby earning a 51% interest in the #EyreKaolinJointVenture, providing optionality to support future expansion of #TheGreatWhiteProject. #kaolin #ceramics #tiles #zirconreplacement #zircondisplacement #halloysite #concrete #cement #HPA #invest #investment #Funding #StreakyBay #EyrePeninsula
Andromeda Metals Ltd (ASX:ADN, OTC:ANDMF) has acquired a 51% interest in the #EyreKaolinJointVenture (EKJV) in South Australia after meeting the requirements of the Stage 1 earn-in In August 2021, the company agreed with Peninsula Exploration Pty Ltd to earn up to an 80% interest in four tenements held by Peninsula. These tenements, located near ADN's #TheGreatWhiteProject (TGWP), include #kaolinprospects with properties complementary to those at TGWP. Andromeda has met the Stage 1 earn-in requirements by spending A$750,000 on exploration and evaluation activities within three years. Drilling on EKJV tenements resulted in a combined inferred resource of 53.5 million tonnes of #kaolin, announced in November 2023. This includes 27 million tonnes of Bright White, low #titaniumkaolinisedgranite (Chairlift CRM) and 26.5 million tonnes of #rheologymodified kaolin (Chairlift HRM). More at #Proactive #ProactiveInvestors http://ow.ly/CfR8105AGWA
Andromeda Metals earns 51% interest in Eyre Kaolin JV
proactiveinvestors.com.au
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