LSE Market News

Sable Mining Africa (LSE:SBLM), an AIM listed exploration company, have released details of a 32% increase in its JORC Code compliant resource at the Nimba Iron Ore Project in south-east Guinea (‘Nimba’ or ‘the Project’) following expansion exploration drilling. Overview: · 32% tonnage increase in JORC Code compliant Mineral Resource at Nimba to 178.4Mt, up […]

Cluff Natural Resources (LSE:CLNR), a company founded by natural resources entrepreneur Algy Cluff, is pleased to announce that it proposes to raise £2.0 million by way of a placing and subscription of 66,666,667 new ordinary shares of 0.5 pence each in the capital of the company at a price of 3.0 pence per Placing Share […]

The board of Centurion Resources (LSE:CEN), the AIM quoted natural resource company has announced the proposed acquisition of the entire issued share capital of FinnAust Mining plc, an exploration company with extensive holdings in Finland. The consideration for the Acquisition is £7.7 million and will be satisfied by the issue of the Consideration Shares. In […]

North American Petroleum (LSE:NAPP), a company focussed on developing interests in proven US onshore oil and gas formations, has announced its participation in an additional well targeting the proven Mississippi Lime formation, Oklahoma. This new well is NAP’s eighteenth and is in line with the company’s strategy to build net production and reserves by acquiring […]

Wishbone Gold (LSE:WSBN), an exploration and acquisition company focussed on precious metals, announces that it has entered into a conditional Share Exchange Agreement with Global Resources Investments Ltd, which will re-register as a public company and be constituted as an investment trust with the name Global Resources Investment Trust Plc (‘GRIT’). The Board of Wishbone […]

Alecto Minerals (LSE:ALO), an AIM quoted mining exploration company focussed on West and East Africa, has provided an update on the Company’s exploration activities at its 207 sq km Kossanto Gold Project in the prospective Kenieba Inlier in western Mali. Overview: · Discovered new highly prospective high grade gold area within the southern section of […]

Savannah Resources plc (LSE:SAV), has said that it has completed its first drilling programme at the Company’s 80% owned Jangamo heavy mineral sands project, located in a world-class mineral sands province in southern Mozambique. Highlights: · 27 holes, for a total of 1,812m of reverse circulation (‘RC’) drilling were completed to assess the prospectivity of […]

Atlantic Coal (:LSE:ATC), an AIM listed anthracite coal mining company operating in Pennsylvania, USA, has announced that it has entered into a joint venture and coal sale agreement with China based CIC Brancepeth Coal Limited (“CIC-Coal”), a company founded and currently managed by AIM listed CIC Capital Ltd. Joint venture agreement: Under the joint venture […]

Armadale (LSE:ACP), an AIM quoted investment company focused on natural resource projects in Africa, has announced that it has entered into agreements to acquire the remaining Netcom Global Inc (‘Netcom’) share capital not already held by Armadale, thereby gaining the right to an 80 per cent interest in the highly prospective, low-cost, Mpokoto Gold Project […]

Noricum Gold Limited (LSE:NMG), the Austrian focused gold exploration and development company, has provided an update on its 2013 work programme at the Company’s 100% owned Rotgülden Gold and Precious Metals Project , which is currently focused on defining the extent of mineralisation already identified at the previously producing mine, one of four targets delineated […]