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Group Eleven Announces $2.2 Million in Early Warrant and Option Exercises and Provides Update on Carrickittle West 'Pallas Green Lookalike' Target
Newsfile· 2025-06-16 10:00
Core Viewpoint - Group Eleven Resources Corp. announced early warrant and option exercises totaling $2.2 million, enhancing its financial flexibility for ongoing drilling activities at the Carrickittle West prospect in Ireland, which is considered a promising target for mineralization [2][6]. Drilling and Exploration Update - Drilling at the Ballywire discovery continues with three rigs, having completed nine new holes, with significant results indicating the presence of brecciation, faulting, and hydrothermal fluids [4][5]. - The Carrickittle West prospect, which includes the Stonepark and PG West projects, is located near Glencore's Pallas Green deposit, with the potential to host a similar mineralizing system [4][25]. - Key attributes observed in the drilling include significant pyrite and trace sphalerite, suggesting proximity to high-grade mineralization [4][5]. Financial Position - The company has received proceeds of $2,206,752 from early warrant and option exercises since a C$2.5 million placement closed on February 28, 2025, increasing its cash position to approximately C$4.3 million as of June 13, 2025 [5][6]. - This strengthened financial position allows the company to ramp up drilling activities in 2025 and extend operations into 2026 [6]. Target Areas and Results - The most significant target emerging from recent drilling is the Kilteely Prospect, which features a large breccia body spanning at least 1.5 km [5]. - Additional target areas at Carrickittle West include the Bruff Prospect, which has shown extensive dolomitization and hydrothermal fluid flow, indicating potential for further mineralization [5][6]. - Future drilling plans include targeting the base of the Waulsortian Limestone on the hanging wall of the Kilteely Fault, with follow-up drilling warranted based on current findings [10][11].
Africa: Zimbabwe Gold Rally Brings Riches to Rural Artisanal Miners
Bloomberg Television· 2025-06-14 05:00
Gold Market Overview in Africa - Informal gold miners contribute approximately 60% of Zimbabwe's total gold output, a consistent ratio across the African continent [1] - Ghana projects earnings of approximately $12 billion from small-scale miners' output by the end of next year [2] - Central banks across Africa, including Ethiopia and Uganda, are increasing their gold reserves [2][3] Central Bank Strategies and Currency Impact - Goldman Sachs forecasts gold prices at $3,700 per ounce [4] - African central banks are following the trend of increasing gold reserves, similar to emerging markets like China, Poland, and India [5] - Kenya's central bank indicated intentions to add gold to its reserves, and Namibia is also considering this strategy [6] - Zimbabwe has introduced a gold-backed currency and is actively buying gold to strengthen its reserves [6][7] - Ghana's gold reserves have slightly exceeded 31 tons, contributing to the appreciation of the Ghanaian Cedi (CDs) by approximately 43% against the dollar [7][8]
Southern Copper Corporation: Downside Risk Too High To Justify A Buy. I'll Pass For Now
Seeking Alpha· 2025-06-13 18:52
Group 1 - Southern Copper Corporation has recently achieved record revenue and net income, driven by high copper prices [1] - The future supply-demand balance of copper remains uncertain, which may impact the stock's performance [1] Group 2 - The analyst has over 10 years of experience researching various companies across different sectors, including metals and mining [1]
Terra Balcanica Welcomes Acquisition of Neighboring Producer in Bosnia and Herzegovina
Globenewswire· 2025-06-13 17:52
Vancouver, British Columbia, June 13, 2025 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10) welcomes the acquisition of Adriatic Metals (ADT.AX) by the Canadian Dundee Precious Metals (DPM.TO) in a cash-and-stock deal valued at C$1.3 billion (https://dundeeprecious.com/news-media/news-releases/dundee-precious-metals-announces-proposed-acquisit-10180/). This development highlights the unique geological and jurisdictional potential of Bosnia and Herzegovina w ...
镍、不锈钢:基本面近期仍然承压
Nan Hua Qi Huo· 2025-06-11 00:54
镍&不锈钢:基本面近期仍然承压 南华新能源&贵金属研究团队 夏莹莹 投资咨询证号:Z0016569 管城瀚 从业资格证号:F0313867 投资咨询业务资格:证监许可【2011】1290号 沪镍区间预测 | 价格区间预测 | 当前波动率(20日滚动) | 当前波动率历史百分位 | | --- | --- | --- | | 11.7-12.6 | 15.17% | 3.2% | source: 南华研究,wind 沪镍管理策略 | 行为 导向 | 情景分析 | 策略推荐 | 套保工具 | 买卖方向 | | 套保比例 策略等级(满 分5) | | --- | --- | --- | --- | --- | --- | --- | | 库存 | 产品销售价格下跌,库存有减 | 根据库存水平做空沪镍期货来锁定利 润,对冲现货下跌风险 | 沪镍主力合约 | 卖出 | 60% | 2 | | 管理 | 值风险 | 卖出看涨期权 | 场外/场内期权 | 卖出 | 50% | 2 | | | | 根据生产计划买入沪镍远期合约,盘面 提前采购锁定生产成本 | 远月沪镍合约 | 买入 | 依据采购 计划 | 3 | | 采购 ...
镍、不锈钢:基本面无明显改善
Nan Hua Qi Huo· 2025-06-06 01:11
镍&不锈钢:基本面无明显改善 南华新能源&贵金属研究团队 夏莹莹 投资咨询证号:Z0016569 管城瀚 从业资格证号:F0313867 投资咨询业务资格:证监许可【2011】1290号 沪镍区间预测 菲律宾政府拟于2025年6月禁止镍矿出口 部分不锈钢厂宣布停产减产 成本端镍矿,镍铁企稳支撑 | 价格区间预测 | 当前波动率(20日滚动) | 当前波动率历史百分位 | | --- | --- | --- | | 11.7-12.6 | 15.17% | 3.2% | source: 南华研究,wind 沪镍管理策略 | 行为 导向 | 情景分析 | 策略推荐 | 套保工具 | 买卖方向 | | 套保比例 策略等级(满 分5) | | --- | --- | --- | --- | --- | --- | --- | | 库存 管理 | 产品销售价格下跌,库存有减 值风险 | 根据库存水平做空沪镍期货来锁定利 润,对冲现货下跌风险 | 沪镍主力合约 | 卖出 | 60% | 2 | | | | 卖出看涨期权 | 场外/场内期权 | 卖出 | 50% | 2 | | 采购 | 公司未来有生产采购需求,担 | 根 ...
FireFly Metals Ltd Announces C$25.8 (~A$28.8) Million Canadian Bought Deal Financing and C$41.2 (~A$46.0) Million Australian Equity Raise
Globenewswire· 2025-06-04 20:18
Core Viewpoint - FireFly Metals Ltd has announced agreements for two significant capital raising initiatives, the Canadian Offering and the Australian Offering, aimed at funding the Green Bay Copper-Gold Project in Newfoundland, Canada. Group 1: Canadian Offering - FireFly has entered into an agreement with BMO Capital Markets to purchase 30,000,000 ordinary shares at C$0.86 (A$0.96) per share, generating gross proceeds of C$25.8 million (approximately A$28.8 million) [1] - An option has been granted to BMO Capital Markets to purchase an additional 10% of the offering for overallotments and market stabilization purposes [1] - The Canadian Offering is expected to close around June 20, 2025, pending necessary regulatory approvals [2] Group 2: Australian Offering - Concurrently, FireFly has an agreement with Canaccord Genuity to raise approximately A$46.0 million through an Australian Offering, which includes a charity flow-through placement of A$11.2 million and an institutional placement of A$29.9 million [3] - A retail share purchase plan (SPP) of up to A$5 million will also be undertaken, with the potential for oversubscriptions [3] - The Flow-Through and Placement are expected to close around June 13, 2025, with the SPP to follow [3] Group 3: Use of Proceeds - The net proceeds from both offerings will primarily fund expenditures at the Green Bay Copper-Gold Project, including underground development, resource extension, infill drilling, and exploration [4] - Additional funds will cover transaction costs and working capital [4] Group 4: Company Overview - FireFly Metals Ltd is focused on advancing the Green Bay Copper-Gold Project, which includes the Ming underground mine and Little Deer exploration project [6] - The project currently hosts a Mineral Resource of 24.4 million tonnes (Mt) of Measured and Indicated Resources at 1.9% for 460,000 tonnes (Kt) CuEq and 34.5 Mt of Inferred Resources at 2% for 690 Kt CuEq [6] - The company aims to grow its copper-gold Mineral Resource significantly, supported by a 130,000-meter diamond drilling program [6] Group 5: Additional Projects - FireFly holds a 70% interest in the Pickle Crow Gold Project, with an Inferred Resource of 11.9 Mt at 7.2 g/t for 2.8 million ounces (Moz) of gold [7] - The company also has a 90% interest in the Limestone Well Vanadium-Titanium Project in Western Australia [7]
NEW GOLD PUBLISHES 2024 SUSTAINABILITY REPORT
Prnewswire· 2025-06-04 13:00
A Decade of Reporting on Sustainability Topics Critical to Communities, Stakeholders, and Our BusinessTORONTO, June 4, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce the publication of its 2024 Sustainability Report. New Gold has published an annual Sustainability Report since 2015, reporting on the sustainability-related material topics that matter most to communities, stakeholders and our business. The 2024 Sustainability Report is av ...
T2 Metals Reports Results from the Third Drill Program at the Sherridon VMS Project, Manitoba Includes High Grade Gold and Silver Intersection Grading 7.2 g/t Au, and 145.5 g/t Ag
Newsfile· 2025-06-04 12:00
T2 Metals Reports Results from the Third Drill Program at the Sherridon VMS Project, Manitoba Includes High Grade Gold and Silver Intersection Grading 7.2 g/t Au, and 145.5 g/t Ag June 04, 2025 8:00 AM EDT | Source: T2 Metals Corp. Vancouver, British Columbia--(Newsfile Corp. - June 4, 2025) - T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) (WKN: A2DR6E) ("T2" or the "Company") is pleased to announce results from the Q1 2025 drill program at the Sherridon Volcanogenic Massive Sulphide ("VMS") project in central ...
Midland Begins Major Airborne Electromagnetic Survey in Nunavik, Quebec, for Copper-Nickel as Part of its Strategic Alliance with BHP
Globenewswire· 2025-06-03 11:30
Core Viewpoint - Midland Exploration Inc. has initiated a significant copper-nickel exploration program in Nunavik, following the discovery of new mineralized showings from 2020 to 2024 [1][5]. Group 1: Exploration Program Details - The 2025 exploration program is part of a strategic alliance with BHP Group Limited, focusing on newly identified crustal-scale structures favorable for copper-nickel mineralization [2][3]. - The program will include an airborne HeliTEM® time-domain electromagnetic survey, covering approximately 6,600 line-kilometers, set to begin in June 2025 [8][15]. Group 2: Recent Discoveries and Surveys - New Cu-Ni-Co showings were identified from 2022 to 2024, with significant findings including the Target 22 showing, which returned grades of 0.81% Ni, 0.22% Cu, and 0.19% Co [5][6]. - A lake-bottom sediment survey conducted in July 2023 collected 1,383 samples, detecting several copper-nickel anomalies, leading to the discovery of a new mineralized intrusion [7][15]. Group 3: Historical Context and Methodology - The exploration targets mafic troctolite/olivine gabbro intrusive rocks, similar to those at Voisey's Bay, which have seen less historical exploration in Quebec [5]. - Regional magnetotelluric (MT) surveys completed in 2022 identified a major crustal-scale structure, interpreted as a high-priority target for copper-nickel exploration [6][15].