{"id":149570,"date":"2020-05-16T10:20:54","date_gmt":"2020-05-16T10:20:54","guid":{"rendered":"https:\/\/www.bnreport.com\/proactive-weekly-mining-highlights-arkle-resources-ariana-resources-asiamet-resources-vast-resources\/"},"modified":"2020-05-16T10:20:54","modified_gmt":"2020-05-16T10:20:54","slug":"proactive-weekly-mining-highlights-arkle-resources-ariana-resources-asiamet-resources-vast-resources","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/proactive-weekly-mining-highlights-arkle-resources-ariana-resources-asiamet-resources-vast-resources\/","title":{"rendered":"Proactive weekly mining highlights: Arkle Resources, Ariana Resources, Asiamet Resources, Vast Resources \u2026"},"content":{"rendered":"<p>Shares in <a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:ARK\/Arkle-Resources-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">Arkle Resources PLC<\/a> (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:ARK\/Arkle-Resources-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:ARK<\/a>) more than doubled in value on Friday, rising 104% to 1.12p, after the companys joint venture partner at the Stonepark zinc project secured funding from mining giant and near neighbour Glencore (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:GLEN\/Glencore-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:GLEN<\/a>). This follows an investment by Glencore in Group Eleven in October 2019, of which a portion was covenanted to be spent on the project.<\/p>\n<p><a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:AAU\/Ariana-Resources-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">Ariana Resources PLC<\/a> (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:AAU\/Ariana-Resources-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:AAU<\/a>) this week boosted the resource estimate at its Kizilcukur project in Turkey, with the new resource standing at 21,100 ounces of gold and 620,000 ounces of silver, with contained metal on three main veins. Ariana also said it has completed its initial earn-in work for Venus Minerals, a firm focused on copper-gold projects on the island of Cyprus.<\/p>\n<p><a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:KAV\/Kavango-Resources-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">Kavango Resources PLC<\/a> (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:KAV\/Kavango-Resources-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:KAV<\/a>) chief executive Michael Foster said he expects his team to make significant progress validating the thesis that its Botswana target is host to a \u201cworld-class\u201d copper, nickel and platinum group deposit.<\/p>\n<p><a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:KOD\/Kodal-Minerals-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">Kodal Minerals PLC<\/a> (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:KOD\/Kodal-Minerals-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:KOD<\/a>) said it has received initial test results from a bulk sample of pegmatite-hosted lithium mineralisation taken from the Bougouni lithium project in southern Mali.<\/p>\n<p>BlueRock Diamonds PLC (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:BRD\/Bluerock-Diamonds-Plc\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:BRD<\/a>) told investors it has put the \u201cimportant building blocks\u201d in place to grow the miner following the restart of production at the Kareevlei operation in South Africa earlier this week.<\/p>\n<p><a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:ARS\/Asiamet-Resources\/\" rel=\"noreferrer noopener\" target=\"_blank\">Asiamet Resources<\/a> Ltd (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:ARS\/Asiamet-Resources\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:ARS<\/a>) landed a key approval for the BKM copper project in Indonesia, with the Governor of Central Kalimantan recommending the project to proceed into construction and development.<\/p>\n<p><a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:ORR\/Oriole-Resources-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">Oriole Resources PLC<\/a> (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:ORR\/Oriole-Resources-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:ORR<\/a>), the exploration company-focused on West Africa, said it plans to commence its maiden drilling programme later this year on its Bibemi gold project in Cameroon, subject to the easing of coronavirus (COVID-19) related travel restrictions.<\/p>\n<p>Galantas Gold Corporation (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:GAL\/Galantas-Gold-Corp\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:GAL<\/a>)(<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:GAL\/Galantas-Gold-Corp\/\" rel=\"noreferrer noopener\" target=\"_blank\">CVE:GAL<\/a>) shares rose on Tuesday after it revealed it had reached an agreement with the Police Service of Northern Ireland (PSNI) regarding blasting at its 100% owned gold mine near Omagh, Northern Ireland and plans to restart milling at the mine within ten days.<\/p>\n<p><a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:VAST\/Vast-Resources-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">Vast Resources PLC<\/a> (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:VAST\/Vast-Resources-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:VAST<\/a>) described itself this week as \u201cextremely pleased\u201d with initial indications from metallurgical test work being conducted on ore samples taken from the Baita Plai mine in Romania.<\/p>\n<p>Pure Gold Mining Inc (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/CVE:PGM\/Pure-Gold-Mining,-Inc.\/\" rel=\"noreferrer noopener\" target=\"_blank\">CVE:PGM<\/a>) (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/CVE:PGM\/Pure-Gold-Mining,-Inc.\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:PUR<\/a>) said it continues to advance construction at its Red Lake gold mine in Ontario with detailed engineering for the processing plant now 95% complete, as it posted first-quarter results to end-March.<\/p>\n<p><a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:AAZ\/Anglo-Asian-Mining-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">Anglo Asian Mining PLC<\/a> (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:AAZ\/Anglo-Asian-Mining-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:AAZ<\/a>) reported record revenues in 2019 and maintained its production forecasts for 2020 despite the coronavirus pandemic.<\/p>\n<p><a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:GLR\/Galileo-Resources-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">Galileo Resources PLC<\/a> (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:GLR\/Galileo-Resources-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:GLR<\/a>) announced it is to acquire 21 prospecting licences inside the Kalahari Copper and Limpopo Mobile Belts in Botswana from Crocus-Serv (Pty) Ltd. covering 14,875 square kilometres.<\/p>\n<p><a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:IRR\/IronRidge-Resources-Ltd\/\" rel=\"noreferrer noopener\" target=\"_blank\">IronRidge Resources Ltd<\/a> (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:IRR\/IronRidge-Resources-Ltd\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:IRR<\/a>) raised \u00a34.75mln through a conditional share placing, with the funds earmarked for an accelerated drill programme at the Zaranou gold project in C\u00f4te d&#039;Ivoire.<\/p>\n<p><a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:NCCL\/Ncondezi-Energy-Ltd\/\" rel=\"noreferrer noopener\" target=\"_blank\">Ncondezi Energy Ltd<\/a> (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:NCCL\/Ncondezi-Energy-Ltd\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:NCCL<\/a>) raised \u00a3650,000 though a conditional share placing to support working capital and cover corporate costs until the end of 2020.<\/p>\n<p>And <a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:UFO\/Alien-Metals-Ltd\/\" rel=\"noreferrer noopener\" target=\"_blank\">Alien Metals Ltd<\/a> (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:UFO\/Alien-Metals-Ltd\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:UFO<\/a>) raised \u00a3275,000 of new capital so that it can expedite exploration work across projects in Mexico and Australia.<\/p>\n<p><a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:PAF\/Pan-African-Resources-plc\/\" rel=\"noreferrer noopener\" target=\"_blank\">Pan African Resources plc<\/a> (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:PAF\/Pan-African-Resources-plc\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:PAF<\/a>) shares were higher on Monday as the group said it has remained cashflow positive despite the coronavirus (COVID-19) pandemic and lockdown measures in South Africa.<\/p>\n<p><a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:CNR\/Condor-Gold-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">Condor Gold PLC<\/a> (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:CNR\/Condor-Gold-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:CNR<\/a>)(<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:CNR\/Condor-Gold-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">TSE:COG<\/a>) ended the quarter to March 31, 2020 with \u00a31.73mln in the bank.<\/p>\n<p><a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:HZM\/Horizonte-Minerals-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">Horizonte Minerals PLC<\/a> (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:HZM\/Horizonte-Minerals-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:HZM<\/a>)(<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:HZM\/Horizonte-Minerals-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">TSE:HZM<\/a>) closed out the quarter ending March 31, 2020 with \u00a317mln in the bank, with the money in part to be used to make the Aragauia nickel project in Brazil construction ready.<\/p>\n<p><a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:POW\/Power-Metal-Resources\/\" rel=\"noreferrer noopener\" target=\"_blank\">Power Metal Resources<\/a> plc (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/companies\/news\/919756\/proactive-weekly-mining-highlights-arkle-resources-ariana-resources-asiamet-resources-vast-resources--919756.html\" rel=\"noreferrer noopener\" target=\"_blank\">Read More \u2013 Source<\/a><br \/>\n[contf]<br \/>\n[contfnew]<br \/>\n        <img decoding=\"async\" src=\"https:\/\/webfiles.thecse.com\/PRO_LOGO_P_COLOUR.png?sYToe11NLbcXiyGkVa5syF9WB04cy98G\" \/><\/p>\n<h5><a href=\"https:\/\/www.proactiveinvestors.co.uk\/\" rel=\"noreferrer noopener\" target=\"_blank\">Proactiveinvestors<\/a><\/h5>\n<p>[contfnewc]<br \/>\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares in Arkle Resources PLC (LON:ARK) more than doubled in value on Friday, rising 104% to 1.12p, ..<\/p>\n","protected":false},"author":1,"featured_media":149571,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-149570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Proactive weekly mining highlights: Arkle Resources, Ariana Resources, Asiamet Resources, Vast Resources \u2026 - Business News Report<\/title>\n<meta name=\"description\" content=\"Shares in Arkle Resources PLC (LON:ARK) more than doubled in value on Friday, rising 104% to 1.12p, ..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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