This news article covers recent developments in the mining sector, including production updates from Goldstone Resources, GreenRoc Strategic Materials receiving a Letter of Interest for funding, CleanTech Lithium's CEOL application submission, and updates from Bluebird Mining Ventures, Botswana Diamonds, and Cora Gold.
Goldstone Resources provided an update on its Homase mine and heap leach operation in southwestern Ghana. The production ramp-up continues to progress, with 48,000 tons per month of agglomerated stacked ore achieved in November and December 2024. This stacking rate is projected to be sustained in the coming months. The latest gold pour of 416 ounces of gold doré, related to December 2024 production, was completed on January 10, 2025, following the Presidential inauguration on January 7, 2025.
Gold production is anticipated to reach the company's 1,000 ounces per month target in the first quarter of 2025. Shares were trading at 1.15 pence per share, down 2% in morning trading.In other mining news, GreenRoc Strategic Materials, a company focused on developing critical mineral projects in Greenland, received a Letter of Interest from the Export and Investment Fund of Denmark (EIFO) for funding to GreenRoc's Amitsoq graphite project in South Greenland. EIFO typically issues AAA-rated guarantees, backed by the Danish State, for loans provided by financial institutions. The potential financial support would be allocated towards the acquisition of equipment and services from FLSmidth and other Danish suppliers, GreenRoc stated. GreenRoc shares were at 1.82 pence per share, down 5%.CleanTech Lithium, an exploration and development company advancing sustainable lithium projects in Chile, announced that its subsidiary in Chile, Atacama Salt Lakes, submitted its primary application for a Special Lithium Operation Contract (CEOL) for the Laguna Verde project. Laguna Verde is one of six saline systems that the Government of Chile has prioritized for development by the private sector. The CEOL grants the applicant the right to commercially produce lithium from the designated project. Shares were trading at 15.49 pence per share. Meanwhile, Bluebird Mining Ventures was informed by its legal counsel in South Korea that the Board of Audit and Inspection is expected to make a decision this month regarding the grant of the Mountain Temporary Use Permit (MTUP) for the Kochang gold and silver mine. Botswana Diamonds shared that its Prospecting Licenses 224/2007 and 169/2019 were renewed for two years until December 31, 2026, by the Minister of Minerals and Energy in Botswana. Cora Gold released an updated Mineral Resource Estimate (MRE) for its Sanankoro gold project in southern Mali. This followed the addition of 2,669 meters of drilling to the Sanankoro MRE dataset; this drilling was primarily aimed at de-risking the MRE and converting near-surface Inferred Mineral Resource material to higher-confidence Indicated, allowing the company to extend the mine's life. The 2024 MRE achieved: total resources of 31.4 million tons at 1.04 grams per ton (gpt) gold for 1.04 million ounces, comprising Indicated 19 million tons at 1.13 gpt gold for 689,000 ounces plus Inferred 12.4 million tons at 0.89 gpt gold for 354,000 ounces; a 26% increase in tonnage to 31.4 million tons (2022 MRE: 24.9 million tons); and a 13% increase in contained metal to 1.04 million ounces of gold (2022 MRE: 920,000 ounces of gold). 'This MRE update is another step in delivering on our development strategy, which in light of a continued strong gold price, is proving to be a very opportune time to be bringing a high value, low cost, oxide gold project such as Sanankoro into production,' said Cora chief executive Bert Monro. Shares were down 7% on yesterday's price, at 2.14 pence per share
MINING NEWS GOLDSTONE RESOURCES GREENROC STRATEGIC MATERIALS CLEANTECH LITHIUM BLUEBIRD MINING VENTURES BOTSWANA DIAMONDS CORA GOLD
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