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AngloGold Ashanti plc Announces Appointment of Non-Executive Director
Businesswire· 2025-10-03 10:08
Company Announcement - AngloGold Ashanti plc has appointed Marcus Randolph as an independent non-executive director effective from 27 October 2025 [1] - Randolph will be a member of the Compensation and Human Resources Committee and the Social, Ethics and Sustainability Committee [1] Experience and Background - Marcus Randolph brings over 40 years of experience in the mining and processing industries, having held senior leadership and board positions [2] - He was previously the CEO and President of Ecobat, a leader in battery recycling, and Executive Chairman of Boart Longyear, the largest supplier of drilling services and equipment to the minerals industry [2] - Randolph held several senior leadership roles at BHP Billiton from 1999 to 2013, including Chief Executive Officer Ferrous & Coal and Chief Strategic Officer for Minerals [3] - He holds a BSc in Mining Engineering from Colorado School of Mines and an MBA from Harvard University [3] Company Overview - AngloGold Ashanti plc is headquartered in Denver, Colorado, and employs approximately 25,000 people [4][8] - The company operates in the natural resources sector, specifically in mining and minerals [4]
CORRECTING and REPLACING Lomiko Metals Announces the Hard Dollar Financing
Businesswire· 2025-09-29 14:32
Core Viewpoint - Lomiko Metals Inc. announces a private placement to raise up to $800,000 through the issuance of 8,000,000 units at a price of C$0.10 per unit, aimed at funding engineering studies and strategic initiatives for the La Loutre graphite project [1][2]. Financing Details - The private placement will consist of 8,000,000 units, each comprising one common share and one-half common share purchase warrant, exercisable for three years at $0.15 [1]. - The total gross proceeds from the offering are expected to be up to $800,000 [1]. Use of Proceeds - Proceeds will be allocated to pre-feasibility engineering studies for the La Loutre natural flake graphite deposit, baseline data collection, bulk sampling, anode piloting, and general working capital [2]. - The engineering studies will involve independent consultants to assess geology and project potential, aiming to select an optimal production model that mitigates environmental and social risks [2]. Regulatory Compliance - All securities issued will be subject to a hold period of four months and one day from the issuance date, and the financing is contingent upon receiving necessary regulatory approvals, including from the TSXV [3]. Company Overview - Lomiko Metals holds mineral interests in the La Loutre graphite development located in southern Quebec, covering 4,528 hectares [4]. - The La Loutre project is situated within the territory of the Kitigan Zibi Anishinabeg First Nation and consists of one large block with 76 mineral claims [4]. Mineral Resource Estimate - An updated Mineral Resource Estimate for the La Loutre project indicates 64.7 million tonnes of Indicated Mineral Resources averaging 4.59% Cg per tonne, representing a 184% increase in tonnage [6][7]. - The estimate includes 3.0 million tonnes of graphite and reflects results from a 2022 drilling campaign that significantly increased the Indicated Mineral Resources [7]. Additional Projects - The company also has interests in seven early-stage projects in southern Quebec, covering a total of 18,622 hectares [8].
Lomiko Metals Identifies New Gold Showing and Extends Multi-Element Anomalies to the South at the Yellow Fox Antimony, Silver, and Gold Property Located in Central Newfoundland
Businesswire· 2025-09-23 10:00
Core Insights - Lomiko Metals Inc. has identified a new gold anomaly and extended multi-element anomalies at the Yellow Fox property in Newfoundland, indicating promising exploration results [1][2][34] - The company plans to focus on further soil sampling in Phase 3 to explore the newly identified gold anomaly, which is nearly one kilometer long [2][5] - Newfoundland has been recognized as one of the top ten most attractive jurisdictions for mining investment by the Fraser Institute, enhancing the region's appeal for exploration [2][3] Exploration Results - The Phase II soil sampling program collected 264 additional samples, bringing the total to 815 samples, which successfully extended several high-priority multi-element anomalies [5][8] - A new gold showing was discovered with an assay result of 1.3 grams per tonne (g/t), located in an area with minimal prior exploration [9][10] - Historical work at the Yellow Fox property has returned significant samples, including up to 59.43 g/t Au and 11.10% Sb, indicating the potential for high-grade mineralization [4][26] Future Plans - The company plans to conduct further prospecting and surface trenching to evaluate the extent of the new gold showing and to collect additional rock samples [9][15] - Ground geophysics and line cutting permits have been received, with plans to run a Rare Earth Elements testing package to explore cerium anomalies [10][15] - Additional soil sampling will be conducted on 3-5 lines south of the new gold anomaly to determine its extent [15]