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Mining Sector: Thor Mining buoyed by updated ore reserves for Molyhil mine

Thor Mining’s (LON:THR) shares rose following an updated ore reserve statement of 3.0 million tonnes @ 0.31% WO₃ (tungsten tri-oxide) and 0.12% Mo (molybdenum) for its wholly-owned proposed Molyhil tungsten mine in Australia’s Northern Territory. The revised reserve is likely to support a six year mine life at Molyhil, a two year extension from the […]

Mining Sector: Thor Mining buoyed by updated ore reserves for Molyhil mine

Thor Mining’s (LON:THR) shares rose following an updated ore reserve statement of 3.0 million tonnes @ 0.31% WO₃ (tungsten tri-oxide) and 0.12% Mo (molybdenum) for its wholly-owned proposed Molyhil tungsten mine in Australia’s Northern Territory. The revised reserve is likely to support a six year mine life at Molyhil, a two year extension from the […]

Mining Sector: Thor Mining buoyed by updated ore reserves for Molyhil mine

Thor Mining’s (LON:THR) shares rose following an updated ore reserve statement of 3.0 million tonnes @ 0.31% WO₃ (tungsten tri-oxide) and 0.12% Mo (molybdenum) for its wholly-owned proposed Molyhil tungsten mine in Australia’s Northern Territory. The revised reserve is likely to support a six year mine life at Molyhil, a two year extension from the […]

Mining Sector: Thor Mining buoyed by updated ore reserves for Molyhil mine

Thor Mining’s (LON:THR) shares rose following an updated ore reserve statement of 3.0 million tonnes @ 0.31% WO₃ (tungsten tri-oxide) and 0.12% Mo (molybdenum) for its wholly-owned proposed Molyhil tungsten mine in Australia’s Northern Territory. The revised reserve is likely to support a six year mine life at Molyhil, a two year extension from the […]

Mining Sector: Frontier Mining up as it gets green light for Naimanjal sale

Frontier Mining (LON:FML) was the sector’s biggest riser after it received approval from the Kazakhstan ministry of industry and new technology to proceed with the sale of Naimanjal licence area to Union Transnationale Miniere. As previously announced on 10 March, the company has agreed to sell its 100% owned subsidiary FML Kazakhstan LLP, owner of […]

Oxus Gold raises £67,500

Oxus Gold has raised approximately £67,500 (net of fees and costs) following a subscription for new ordinary shares by Darwin Strategic Limited, an investment held by funds managed by Henderson Global Investors. The subscription for new ordinary shares was made by Darwin today to the terms of the equity financing facility agreement (as announced on […]

Galantas raises Omagh gold mine resource estimates

Galantas Gold has announced increases in the ‘measured’, ‘indicated’ and ‘inferred’ resource categories at its wholly-owned, Omagh gold mine in Northern Ireland. Galantas says that overall there has been a 19% increase in resources since the resource report in June 201 and a 60% increase in resources since the report by ACA Howe International Ltd […]

Alba Mineral Resources raises £305,000

Alba Mineral Resources has raised £305,000, before expenses, through a placing of 61,000,000 new ordinary shares at 0.5p apiece. The proceeds will be used to satisfy the company’s investment in Horse Hill Developments Limited – a special purpose company which has the right to acquire a 65% participating interest and operatorship of UK onshore Petroleum […]

Mining Sector: Berkeley rises after quarterly update

Berkeley Resources (LON:BKY) was up in late trading after it issued a quarterly report for the period ended 30 June. The company’s primary focus during the period continued to be the advancement of the Salamanca project located in Spain. Highlights during the quarter include: * Exploitation concession (‘mining licence’) for Retortillo granted by regional government: […]

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