The following is a round-up of updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:
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Wishbone Gold PLC - Australia-focused mining company - Reports ‘encouraging’ pre-collar results at Cottesloe, with strong zinc and cobalt anomalism in pre collar hole 23CTRC0005. Adds diamond drilling is scheduled to start in the coming weeks, with costs to be 50% funded by Western Australian Government’s EIS scheme, up to a total of A$220,000, or £116,066.50, of direct drilling costs. Chairman & Chief Executive Officer Chair Richard Poulden says: ‘These assay results from the [reverse circulation] drilling are encouraging, as we are yet to hit the target mineralisation zone. With electric vehicle battery metals increasingly important, it is great to have a project with potential like this. We are now preparing for the diamond drilling program as announced on 12th October to get underway, which is partially funded by the Western Australian Government. The potential scale of Cottesloe and these promising drilling results merit the future exploration of this area, and we look to the future with confidence.’
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Shanta Gold Ltd - East Africa-focused gold producer, developer and explorer - Drills 4,421 metres from 12 diamond holes at Isulu, Bushiangala deposit. Drills 717 million from six diamond holes at Ramula deposits. Chief Executive Officer Eric Zurrin says: ‘The 4,421 meters of assays reported today following our recent exploration campaign have so far identified visible gold in five intersections from nine holes drilled at Isulu and Bushiangala, as well as at the six holes drilled at Ramula, as the team aims to convert Inferred resources to Indicated. We continue to believe that the drilling results delivered at West Kenya demonstrate that this project has the potential to become one of Africa’s next quality, high-grade gold mines, and we look forward to updating shareholders on this exciting project in due course.’
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Beowulf Mining PLC - Sweden, Finland and Kosovo-focused mining company - Says exploration at Shala Central licence shows geochemical and geophysical anomalies. Notes encouraging grab sample results, which includes up to 3.3% of zinc and 1.0% of lead collected during mapping. Says geochemical anomalies extend for approximately two kilometres of strike with soil samples of up to 1.3% zinc and 0.5% lead with elevated copper and arsenic. Chief Executive Officer Ed Bowie: ‘The exploration team has been busy over the summer period, mapping, surface sampling and subsequently flying drone magnetics over part of the Shala Central licence, contiguous with the Company’s Mitrovica licence package in northern Kosovo. The significant extent and tenor of the metal-in-soil anomaly and its coincidence with the magnetic high, makes it an extremely encouraging target warranting further follow-up.’
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Clean Power Hydrogen PLC - Doncaster, England-based green hydrogen technology and manufacturing company - Produces separated hydrogen and oxygen gases at expected capacity. Adds it has paused the MFE110 unit factory acceptance test whilst it re-evaluates the MFE’s power down procedures. Says final tests will commence following the re-evaluation and control rectification, and upon successful completion, the MFE110 will be shipped to Northern Ireland Water’s site where it will undergo site validation, integration and commissioning before beginning commercial production of hydrogen and medical grade oxygen.
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PYX Resources Ltd - Sydney-based, Indonesia-focused zircon and mineral sands’ producer - Says in the third quarter of 2023, premium zircon production increased by 61% to 4.0 kiloton from 2.5kt a year ago. Sales increases by 88% to 4.2kt from 2.3 kt the year before. Says total mineral sands produced was 4.9 kt, up 40% from 3.5kt, while total mineral sands sold 4.2 kt, a 68% increase from 2.5kt. Chair & Chief Executive Officer Oliver Hasler, says: ‘I am delighted with our achievements in Q3 2023. The company experienced substantial growth in Premium Zircon sales, with a 54% increase, and a production increase of 43% year-to-date. Our diversified global client base has allowed us to manage and minimise risk. This coupled with the quality of our Premium Zircon has resulted in consistent growth in sales, whilst our exceptional team on site have been instrumental in ensuring maximum efficiency.
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