Mining

Drilling Completed in Oman Savannah Resources (AIM:SAV), advises that it has completed its initial reverse circulation and diamond drilling programme over Blocks 4 and 5 in Oman, which are prospective for both copper and gold. Savannah is earning a 65% shareholding in the Omani company, Al Thuraya LLC, the owner of the Block 4 licence […]

Placing to Raise £825,000 to Accelerate Expansion of Trading Operations African Potash, the AIM listed exploration company focused on the vertical integration of fertiliser operations in Africa and sub-Saharan potash assets, has announced a placing of 48,529,412 new ordinary shares in the Company at a price of 1.7p pence per share to raise gross proceeds […]

Issue of up to £0.5 million of Equity Vast Resources, the AIM listed mining company with operations in Zimbabwe and Romania, has announced that, further to the announcement of 4 January 2016, certain directors, senior executives or consultants of the Company entered into a subscription agreement on 5 January 2016 according to which they will […]

20,000MT Trade under COMESA Agreement African Potash, the AIM listed exploration company focused on the vertical integration of fertiliser operations in Africa and sub-Saharan potash assets, has dispatched 20,000 metric tonnes in partial satisfaction of the sale agreement previously announced on 1 October 2015. Highlights: · Dispatch of the initial 20,000MT of urea fertiliser stock […]

Three Primary Targets Identified at Pituffik Titanium Project FinnAust Mining plc, the AIM listed exploration company with projects in Greenland, Finland and Austria, has provided further detail on work completed during 2015 at the recently acquired 126 sq km Pituffik Titanium Project in Greenland. This work focused on better defining areas likely to host economic […]

GOLD (XAUUSD) Long-term bias: Bearish In 2015, Gold topped at 1307.35 and later reached a low of 1046.21. Gold was engaged in perpetual and persistent downtrend, trapping bulls with short-term bullish movements. It is completely irrational to open long trades in the market, because the bears have really made their presence felt for a long […]

Issue of up to £5.0 million of Equity Vast Resources plc, the AIM listed mining company with operations in Zimbabwe and Romania,has entered into an agreement with Crede CG III Ltdaccording to which it will subscribe for new ordinary shares of 0.1p each in the Company in order to raise up to £5.0 millionand associated […]

ZincOx shares (LSE:ZOX) collapsed in November 2015 and consolidate in December. The price is still flat but when momentum returns to the market, it would most probably be in favor of the bearish trend.   In the chart, the ADX period 14 is at the level 40, showing that there is a strong bias on […]

Contract awarded to finalise project design, source vendor financing and provide EPC management for Matala Gold Mine, Zambia Alecto Minerals (LSE:ALO), the Africa-focused gold and base metal exploration and development Company, has announced that, following the Company’s recent exciting acquisition of the historic Matala and Dunrobin gold mines in Zambia and as part of the […]

MXO Oil stock (LSE:MXO) is now trying to rise from the long-term base it has formed in the market. Would this be a sustained bullish movement or a false breakout? From July to August 2015, the price nosedived, after which it formed a base. The base was in place from August till now… But there […]