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Proactive weekly mining round-up: Rio Tinto, Greatland Gold, Caledonian Mining …


Rio Tinto PLC (LON:RIO) has named Jakob Stausholm as the mining major’s new chief executive, effective January 1 2021. Stausholm has been chief financial officer and an executive director of the group since 2018 and he will now succeed J-S Jacques who will leave the company on March 31 2021.

Caledonia Mining Corporation PLC (LON:CMCL, NYSEAMERICAN:CMCL) has now entered into an additional option deal to acquire new prospecting acreage in Zimbabwe. On top of the Glen Hume option deal announced last week, the company now has an additional option for an area known as Connemara North which is also located within the Gweru mining district in the Zimbabwe Midlands.

Greatland Gold PLC (LON:GGP) has appointed Shaun Day as its new chief executive to replace Gervaise Heddle, who is leaving to follow other interests. Day will take over and join the board February 8, 2021 with Heddle to remain a part of the executive team until March 12, 2021, to ensure a smooth transition.

Great Western Mining Corporation PLC (LON:GWMO) expects to pour its first precious metal from a bulk sample at Mineral Jackpot in Nevada before the year-end. First concentrate should be recovered from the circuit within the next few days and smelting of the material within the next two weeks, the AIM-listed group said.

Tirupati Graphite PLC (LON:TGR) said it has won its first order for a new flame-retardant polyurethane foam (FRF) and a flame-retardant composite (FRC) developed for use in rail carriages in India and elsewhere. The development follows an agreement with an Indian manufacturer of railway coaches to design and develop the FRF and FRC to the highest European standard.

Sunrise Resources PLC (LON:SRES) said it has started extracting a large bulk sample of natural pozzolan from its CS Pozzolan-Perlite project in Nevada as part of a collaborative concrete trail with a large cement and ready-mix company.

Trident Royalties PLC (LON:TRR) told investors that Calidus Resources Limited’s (ASX:CAI) Warrawoona gold project is “on-track to production”. The project – for which Trident is acquiring a 1.5% net smelter royalty covering the ‘eastern part’ of the deposit – has successfully passed a number of important development and finance milestones, the AIM-quoted company said.

Panther Metals PLC (LON:PALM) has completed the acquisition of the Merolia Gold Project in the Eastern Goldfields of Western Australia from White Cliff Minerals. Panther paid the ASX-listed firm A$112,500 plus 734,470 Panther shares, on top of which White Cliff will be entitled to a payment of A$1.25 per ounce of gold contained within any JORC estimate.

Kodal Minerals PLC (LON:KOD) has acquired the Fatou Gold Project in southern Mali. Fatou already has a historical compliant NI 43-101 resource of more than 350,000 ounces that is expected to increase based on a funded nine-month drilling programme, Kodal said.

Pure Gold Mining Inc. (CVE:PGM) (LON:PUR) has announced a major milestone with first ore introduced to the mill at the company’s high-grade PureGold Mine, in Red Lake, Ontario. With ore delivered and first gold production scheduled this month, commissioning activities will transition into full-scale ramp-up of the mining and milling operations over the coming quarter, the group said.

Shanta Gold Limited (LON:SHG) said ongoing exploration drilling at the New Luika gold mine (NLGM) in South Western Tanzania had unveiled “encouraging results”. The AIM-listed Africa-focused gold explorer said nine diamond core holes have been drilled at the Luika deposit totalling 4,042 metres with further drilling ongoing,

Condor Gold (LON:CNR) has started initial site preparation for the processing plant facility at its Mina La India in Nicaragua, including laying down access roads and ground clearance. The total area being cleared is 11.26 hectares with the work estimated to be completed in 3 to 4 months, Condor added.

Pan African Resources plc (LON:PAF) is to build a 10 Megawatt (Mw) solar power plant at its Evander Mines operation in South Africa. The gold miner said the project would cost R140mln (£7mln) and be the first of its kind in South African mining.

Power Metal Resources PLC (LON:POW) said it is mobilising an operating team this week to begin a geophysics programme at its Kisinka copper-cobalt project in the Democratic Republic of the Congo (DRC).

Metal Tiger PLC (LON:MTR) said its part-owned associate Cobre Limited has executed an agreement to acquire 51% of Kalahari Metals Limited (KML). The company noted that the terms of the share purchase agreement that has now been executed are generally consistent with the previously announced binding ‘heads of agreement’.

Oriole Resources PLC (LON:ORR) has told investors it is extremely encouraged by the latest results from the Bibemi project in Cameroon, which has unearthed the discovery of further gold mineralisation. Oriole said recent mapping and selective rock-chip sampling to the south-west of the main Bakassi area has identified two new prospects, Lawa West and Lawa East.

Alien Metals Ltd (LON:UFO) said a programme of works has been approved by the authorities for initial trenching and drilling at the Elizabeth Hills mining licence.The Western Australia Mines  Department has given the okay for a programme of works that covers up to 1.25 kilometres to test for new or repeat silver orebody due south of the existing deposit

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