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Proactive Weekly Mining Highlights: Jubilee Metals, Greatland Gold, IronRidge Resources…

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Jubilee Metals Group PLC (LON:JLP) raised £6.49mln through a share placing to fund its expansion plans in South Africa.

The AIM-listed firm issued around 162.2mln new shares at a price of 4p each, a 7.6% discount to its close price on Wednesday.

Greatland Gold PLC (LON:GGP) said drilling results confirm the presence of a near-surface gold system, including some high-grade gold mineralisation at its Black Hills licence in Western Australia.

IronRidge Resources Limited (LON:IRR) made a “highly encouraging” discovery following survey activity at its Zaranou gold license in Côte d'Ivoire.

The AIM-listed firm said an airborne geophysical magnetic survey at the project had identified a 2.8-kilometre-long “magnetic anomaly” inside a zone of intensive artisanal gold mining.

Gold mines developer Chaarat Gold Holdings Limited (LON:CGH) raised US$5.8mln through the issue of 12.9mln shares at 35p a pop.

Shares closed at 34.2p last night.

Bushveld Minerals Limited (LON:BMN) made a second investment through its newly established vanadium battery OEM platform.

Subsidiary Bushveld Energy led a consortium to acquire Austrian group Enerox from CellCube Energy Storage for €11mln.

Caledonia Mining PLC (LON:CMCL) shrugged off power outages in Zimbabwe to lift production at the Blanket mine by 7% in its latest quarter.

Arc Minerals PLC (LON:ARCM) unveiled plans to sell its entire 99.43% interest in Casa Mining Limited to Canadian private equity group, Century Capital Management Ltd for a total consideration of up to US$9.8mln.

Alien Metals Ltd (LON:UFO) shares surged higher on Tuesday as the company confirmed the potential for direct shipping of iron ore from the Hancock Ranges and Brockman projects in western Australia over which it holds an exclusive option to acquire a 51% interest.

Thor Mining PLC (LON:THR)(ASX:THR) revealed the preliminary results from the second round of drilling at the White Violet deposit on the Bonya project, adjacent to the company's Molyhil project, in the Northern Territory of Australia.

Alba Mineral Resources PLC (LON:ALBA) flagged the imminent commencement of the first-ever drill programme on the site of the historic Clogau Gold Mine in north Wales.

Amur Minerals Corporation (LON:AMC) has completed the hydrological assessment for its Kun-Manie nickel copper sulphide project. The assessment has been approved by the necessary Russian Federation agencies, an important component in completing the TEO, the local equivalent of a feasibility study.

Bezant Resources PLC (LON:BZT) saw its shares move higher on Wednesday after the group said it was finalising legal documents for the sale of 80% of its stake in the Mankayan copper-gold project in the Philippines.

Horizonte Minerals PLC (LON:HZM) (TSX:HZM) highlighted another quarter of good progress at its projects in Brazil.

At its flagship Araguaia project, mine financier Orion is to provide US$25mln for a 2.25% royalty on the first 426,429 tonnes of contained nickel within the final product (ferronickel) produced and sold.

Arkle Resources PLC (LON:ARK) shares climbed higher on Wednesday after new prospect features were identified following a geophysical survey at the Stonepark zinc project in Ireland, in which it holds a 23.44% stake.

Pure Gold Mining Inc (CVE:PGM) (LON:PUR) (OTCMKTS:LRTNF) said the next few months would see it preparing to start underground mining, focusing on ramp and level development, along with environmental work to update existing major permits at its high-grade Madsen mine in Red Lake, Ontario.

Pensana Metals Ltd (ASX:PM8) revealed the results of a preliminary feasibility study conducted to estimate the economic potential of the Longonjo neodymium and praseodymium (NdPr) project in Angola.

Thor Mining PLCs (LON:THR) (ASX:THR) associate EnviroCopper started Read More – Source