OzAurum Resources Ltd. has commenced drilling at the Boca Rica Lithium Project in Brazil, using its own drilling rig which has been updated to meet Australian standards.
CEO and managing director Andrew Pumphrey tells Proactive's Stephen he has been in Brazil for the past few weeks preparing the site. The company has achieved significant milestones in enhancing site access and positioning the drilling rig on a steep hill.
The drilling program is set to explore below a weathered zone, aiming to reach fresh rock at approximately 80 metres depth, targeting a spodumene crystal formation previously discovered in an underground adit. This zone is anticipated to yield more extensive geological data and potential significant lithium deposits.
OzAurum is financially prepared for this ...

Bannerman Energy Ltd. CEO Gavin Chamberlain takes Proactive's Stephen Gunnion through progress at the company's flagship Etango uranium project in Namibia.
The Etango project, highlighted in a December 2022 definitive feasibility study , aims to exploit a significant uranium resource, initially targeting 60 million tonnes out of an identified 220 million in the 8 Mtpa Etango development .
Chamberlain also outlined recent developments, including the completion of Etango-XP and Etango-XT scoping study to assess the potential expansion of the Etango project. The expansion could potentially double the project's capacity to 16 Mpta in response to favourable uranium market conditions.
Furthermore, Bannerman Energy is in the funding phase, having secured essential perm...

Renegade Gold Inc. is pleased to announce that planning is underway to expand the current drill program at its Newman Todd high-grade gold project in Ontario's Red Lake gold rush . Drill targeting work is underway for the additional holes and further details will be announced within the coming weeks. Additionally, Renegade is pleased to confirm that all post Trillium/Pacton transaction work is complete with all debt cleared and funding in place as the Company pursues its high growth exploration and development strategy. Nav Dhaliwal, President and CEO for Renegade Gold, commented, "We have the ideal timing and drill targets for this expanded drill program. Renegade's Newman Todd gold project in Red Lake has robust mineralization over a 2.2 km strike length but has seen almost...

Pan African Resources plc CEO Cobus Loots tells Proactive's Stephen Gunnion the company is experiencing a positive impact from the current high gold price, which recently crossed $2,400 an ounce.
Loots pointed out the robust gold price has been supported by significant purchases from central banks and changes in US interest rates. Pan African Resources, a South African company, benefits further due to its costs being in Rand, enhancing profits when converted from the strong dollar-based gold prices.
Loots refrained from predicting future gold prices but acknowledged the beneficial effect of the current high prices, which could attract new investors and potentially lead to a revaluation of companies in the sector.
Despite the high gold prices, he noted that Pan A...

Director/PDMR Shareholding - Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities TORONTO, ONTARIO - April 16, 2024 - Amaroq Minerals Ltd. announces that on April 15, 2024, it was informed that Livermore Partners LLC, a company in which David Neuhauser, Non-Executive Director of Amaroq Minerals, is Managing Director, acquired a total of 19,200 common shares of no par value in the Company. This brings Livermore Partners LLC's total holding to 14,501,124 shares, 4.44% of the capital in the Company. 1. Details of the person discharging managerial responsibilities/person closely associated a) Name: Livermore Partners LLC, David Neuhauser 2. Reason for the notification a) Position/status: Non-Executive Director b) Initial notific...

KEFI Gold and Copper PLC executive chairman Harry Anagnostaras-Adams tells Proactive's Stephen Gunnion that "the stars are aligning" as gold continues to reach record highs as the company prepares to trigger production at its Tulu Kapi gold project in Ethiopia. Gold at around $2,400 per ounce aligns perfectly with KEFI's plans to commence construction. This historic high in gold prices is expected to greatly enhance the company's net cash flow, with projections reaching around $90 million after expenses, Harry Anagnostaras-Adams said.
In Ethiopia, where production is expected to start within two years, the impact is most immediate and substantial, enhancing project economics significantly. Its Saudi Arabian projects, while further behind, are expected to see similar benefits in the longer ...

Project is host to globally significant former uranium producer Aero Energy Ltd. is pleased to provide a comprehensive summary of exploration insights gathered at the Sun Dog Uranium Project , by operating partner Standard Uranium Ltd. , as well as more historical data from previous project operators. Key Highlights: History of Production: The Project hosts the historical Gunnar Mine which produced 18M pounds of U3O8 between 1953 and 1981 and was formerly the world's largest uranium producer1,2. Uranium Above and Below the Unconformity: Numerous historical high-grade uranium showings ranging between 0.10% and 12.39% U3O8 have been documented at surface3,4. These showings occur in both basement rocks below the Unconformity and perched within Athabasca sandstones ...

GSP Resource announces that it has entered into an arm's length acquisition agreement with Dylan Adam to acquire a 100% interest in the Mer Claims in the Highland Valley Copper Camp of BC. The two Mer claims are comprised of 185 ha in the Kamloops Mining Division. The claims are situated approximately 1.5km NW of GSP's Alwin Mine Project and are surrounded by Teck Resource's Highland Valley Copper claim group directly west and south of the Highland Valley Copper Mine's active operations1 . Terms of the ac...

Minera Alamos Inc. is pleased to report that further to its Santana operations update the Company's contractor mobilized at the Santana mine site at the beginning of April with mining activity at the Nicho Main zone to commence shortly. This followed the conclusion of discussions regarding the additional equipment and personnel required as operations begin to ramp up again at the mine. The focus of contractor activities since the beginning of the month has been equipment maintenance and the preparation of additional haulage roads to maximize operational flexibility for the current mine plans. While the re-start of mining activities has been aided by the pre-stripping of the new deposit area in the past year, new operations will have a staggered start as access to multiple wor...

Avalon Advanced Materials Inc. is pleased to announce that it has engaged DRA Americas Inc., a 100% owned subsidiary of DRA Global to commence a Preliminary Economic Assessment of a lithium hydroxide conversion facility. The Project will be administered under AVL's wholly owned subsidiary Lake Superior Lithium Inc. The PEA will consider feed sourcing of high-grade lithium concentrates from various sources. The lithium conversion facility will feature the environmentally friendly Metso lithium conversion technology. This study will include lithium concentrate reagent receiving and storage, processing, and site infrastructure as well as shipping/handling of product and byproduct off site. The Metso lithium conversion technology is being deployed globally with two currently under...

First Majestic Silver Corp. announces that total production in the first quarter of 2024 from the Company's three producing mines in Mexico, the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine, reached 5.2 million silver equivalent ounces, consisting of 2.0 million silver ounces and 35,936 gold ounces. The Company's financial results for the first quarter of 2024 are scheduled to be released on Wednesday, May 8, 2024. Q1 2024 HIGHLIGHTS Record safety performance: In Q1 2024, the consolidated Total Reportable Incident Frequency Rate was 0.48 and the Lost Time Incident Frequency Rate was 0.08, an improvement of 53% and 79% compared to the prior quarter, respectively. In support of ongoing strong safety performance and culture, the Co...

Aya Gold & Silver Inc. is pleased to announce a Mineral Resource Estimate prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects at its Boumadine Project in the Kingdom of Morocco. The MRE contains an Inferred Mineral Resource of 23.6 million tonnes at 85 grams per tonne silver , 2.62 g/t gold , 2.32% zinc and 0.84% lead containing an estimated 64.7 million ounces of Ag, 1.98 Moz of Au, 546 thousand tonnes of Zn and 198 kt of Pb and an Indicated Mineral Resource of 2.0Mt at 113 g/t Ag, 2.51 g/t Au, 4.32% Zn and 1.07% Pb containing an estimated 7.4 Moz of Ag, 165 koz of Au, 88 kt of Zn and 22 kt of Pb. Highlights Indicated Mineral Resources of 2.0Mt at 113 g/t Ag, 2.51 g/t Au, 4.32% Zn and 1.07% Pb containing an estimated 7.4 Moz ...

Nevada Lithium Resources is pleased to provide an update on the proposed Hydraulic Borehole Mining mining method proposed to extract high-grade mineralized material at its 100% owned Bonnie Claire lithium project. The Company is also pleased to announce the commencement of an updated Preliminary Economic Assessment on the Project. Nevada Lithium's CEO, Stephen Rentschler, commented: "Nevada Lithium has received an updated assessment of the Hydraulic Borehole Mining method from an internationally recognized leader in the HBHM mining technique, Kinley Exploration LLC. We are delighted that Kinley has concluded that accessing depths to 3,000 ft, where we have recently confirmed the existence of an open-ended, mineralized high grade lithium zo...