Shanta Gold Limited’s Post

📢 KEFI Gold and Copper plc (AIM: KEFI) Saudi Arabia Operational Update 📢 KEFI is excited to share the latest operational updates from our 25%-owned joint venture, Gold and Minerals ("GMCO"), in the Kingdom of Saudi Arabia. This covers significant progress at the Jibal Qutman Gold Project, the Hawiah Copper-Gold Project, and ongoing regional exploration. Read full statement here: https://lnkd.in/ePjZFhc3 Harry Anagnostaras-Adams, Executive Chairman, commented: In Saudi Arabia we have made two significant discoveries which, in aggregate gold-equivalent terms, are approximately double the in-situ metal of Tulu Kapi in Ethiopia. The two advanced Saudi projects will now benefit from an expanded leadership team has begun to be installed to oversee GMCO's next chapter of development as we aspire to become a leading Saudi metal producer. Whilst feasibility studies are refined and focused for completion on Jibal Qutman Gold and Hawiah Copper-Gold, GMCO's regional exploration effort is being re-elevated to expand and optimise our project pipeline within the Kingdom.   "Furthermore, as already reported this quarter, we remain on track in Ethiopia at Tulu Kapi, our most advanced project. In response to the most welcome and appreciated huge effort made by the Ethiopian Government to facilitate safe and internationally compliant development, the long-awaited Tulu Kapi funding package has been able to move into project finance completion and project launch mode. The Early Works programme was launched in May 2024 to facilitate financing agreement closings in October 2024 for Major Works to then proceed. Updates on this project will be made as appropriate via further announcements." 🚀 #KEFI #Gold #Copper #SaudiArabia #Mining #Exploration #Development #Innovation

JSE: AGL share price R513.79 24 Apr, 17:53 SAST • Disclaimer BHP's recent takeover offer for Anglo American has stirred up considerable interest in the mining industry. This potential merger could herald the most significant shakeup in the sector in over a decade. Analysts suggest that such a deal, valued at $42.6 billion, could attract other bidders and potentially reshape the industry landscape. However, antitrust issues may pose challenges, given the critical status of copper as a mineral. For investors considering exposure to the mining sector, this development underscores the dynamic nature of the industry and the potential for significant market movements. Stay up to date with the latest news updates with Lloyd Markets. Visit our website to learn more: www.lloydmarkets.com https://lnkd.in/dRqvV67U

Tungsten Metals Group Ltd executive chairman Tony Adcock discusses the company’s upcoming IPO on the ASX with Proactive's Stephen Gunnion. Adcock highlighted the unique position of Tungsten Metals as the only processing plant capable of handling over 500 tonnes of tungsten annually outside of China and Russia. He emphasised the company’s strategic location in Vietnam, which reduces supply chain risks and meets stringent ESG standards. Adcock also discussed the current supply and demand dynamics in the tungsten market, noting China’s recent export restrictions and the growing importance of critical minerals. With established production facilities and significant cash flow from operations, Tungsten Metals aims to raise A$12-14 million through its IPO to scale production and meet global demand. Watch at #Proactive #ProactiveInvestors http://ow.ly/oryB105Htaa

🌟 As we navigate through market uncertainties, the spotlight is on the precious metals sector, and May 2024 unveils the ASX's finest gold shares for investors seeking resilience and potential growth. Gold has been a beacon of stability and the S&P/ASX All Ordinaries Gold Index's year-to-date performance is a testament to that. 📈 🔍 Dive into our analysis of six standout ASX gold shares that are redefining the gold investment landscape with their unique operations and robust financials. From West African explorers to world-renowned Australian producers, each offers a unique gateway into the gold market. 💡 As traditional wisdom suggests, gold shines brighter during economic uncertainties, offering a haven for cautious investors. Don't miss these golden opportunities to safeguard and potentially enhance your portfolio. 🛡️💰 Read the full article for in-depth insights and discover why these gold picks might be the key to striking wealth in the versatile ASX landscape 🏆: 👉 https://lnkd.in/gKECg8FF #GoldInvestment #ASX #PreciousMetals #Investing #FinancialMarkets #EconomicResilience #GoldShares #PortfolioDiversification

⚡️ Result of Placing and Subscription Anglesey Mining Plc (AIM:AYM) is pleased to announce that, further to its announcement of 7 a.m on 28 June 2024, it has successfully completed and closed the Placing and Subscription. Full announcement here: 👉 https://bit.ly/3VM7Fnk The Placing and Subscription raised, in aggregate, gross proceeds of £415,000. The net proceeds of the Placing and Subscription will be applied to developmental work at Parys Mountain, advancing development options at Grängesberg Iron Ore Mine, debt repayment; and general working capital purposes. Substantial Shareholder Participation Energold Minerals Inc. has subscribed for 6,000,000 Ordinary Shares in the Subscription increasing its total holding in the Company to 95,108,204 Ordinary Shares (being 20.6% of the enlarged share capital of the Company after completion of the Placing and the Subscription). #fundraise #placing #GrowthPlans #copper #development #AYM

We have received a strong endorsement of our tin assets having successfully raised £2.1m by way of a placing, pending shareholder approval. In addition, we are pleased to welcome Metals X Limited, Australia's largest tin producer, as a new shareholder following the news that it has acquired a strategic 23% stake in our business. Metals X brings decades of expertise in tin mining and processing, along with a strong balance sheet, which will help First Tin advance its own high margin, low capex tin projects in Australia and Germany.    Metals X Chairman PETER GUNZBURG commented: "We are delighted to make a strategic investment in First Tin PLC and look forward to working closely together. The combination of Metals X's operating and financial capabilities with First Tin's exciting and late stage development assets should be of significant benefit to all stakeholders." Our CEO Bill Scotting said: "First Tin is pleased to receive Metals X's endorsement of our tin assets. Having recently delivered a successful Definitive Feasibility Study for Taronga and a strengthened mineral resource estimate for Tellerhäuser, we look forward to deepening our collaboration with Australia's largest tin producer to optimise and accelerate the delivery of our growth projects, which will supply essential tin units to a world undergoing an energy transition and digital transformation."   View: https://lnkd.in/dj5_cZ8t #FirstTin #MetalsX #TinMining #Fundraising #MiningIndustry

Through our Latin American networks, we have identified, pursued, and secured a transformational opportunity to scale a joint venture operation producing #gold and #silver through primary mining and tailings cleaning in #Peru. Echo is targeting early cash flow this year followed by building a material resource base. This deal delivers access to the Peruvian #preciousmetals sector with near-term cash flow at a time when precious metals prices and forecasts are running at an all-time high. #MiningNews

Through our Latin American networks, we have identified, pursued, and secured a transformational opportunity to scale a joint venture operation producing #gold and #silver through primary mining and tailings cleaning in #Peru. Echo is targeting early cash flow this year followed by building a material resource base. This deal delivers access to the Peruvian #preciousmetals sector with near-term cash flow at a time when precious metals prices and forecasts are running at an all-time high. #MiningNews 

Feasibility Study Update Zanaga Iron Ore Company Limited (AIM: ZIOC), is pleased to announce the results of the 2024 Feasibility Study update process, which underlines the robust economics of the Zanaga 30 Mtpa staged development. 12Mtpa Stage One Haematite Development -  Capital investment of US$ 1.94 billlion -  Operating cost of US$ 31.5 / dmt FOB -  Net Present Value of US$ 3.68 billion -  Internal Rate of Return of 26.2% 18Mtpa Stage Two optional Magnetite expansion -  Capital investment of US$ 1.87 billion -  Operating cost of US$ 24.9 / dmt FOB -  Total combined Net Present Value of US$ 7.36 billion -  Internal Rate of Return of 28.2% More details can be found via the link; https://lnkd.in/eDh_vpAr

We are pleased today to announce that new mineral processing testwork at our Taronga Tin Project in Australia suggests better recoveries than those previously reported and used in the Definitive Feasibility Study. Highlights include: - Crushing recovery of 91.2% of contained tin - Coarse gravity circuit recovery of 82.9% of gravity feed tin - End to end recovery of 75.6% tin to a 66.7% Sn concentrate Our CEO Bill Scotting commented: “The results of this testwork are very encouraging and confirm the readily treatable and upgrading nature of the Taronga mineralisation. Recoveries of over 75% tin from a higher-grade sample to a high-quality concentrate from the simple, coarse gravity tin circuit are much better than the recoveries used in the recently announced DFS. Potential for even higher recoveries can also be seen with slight modifications to the current process plant design. It is proposed to collect more samples to repeat this work and confirm these excellent recoveries.” View: https://lnkd.in/dQd7kXTU #FirstTin #Mining #MineralProcessing #Taronga #Australia