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Rockfire Resources PLC

Proactive Mining Highlights: Rockfire Resources, AfriTin Mining, Ariana Resources...

A look back at some of the top news from London's small-cap miners

Rockfire Resources PLC -

Rockfire Resources PLC (LON:ROCK) soared higher this week after it returned broad, consistent gold assays from a geophysical target on its Plateau gold project in Australia.

The results are indicative of a large-scale gold deposit, similar to the Mt Wright gold mine, which is in turn part of the 10mln ounce-plus Ravenswood complex.

AfriTin Mining Limited (LON:ATM) celebrated the first shipment of tin concentrate from the Uis tin mine in Namibia in twenty years as it makes strides towards a “revenue-generating phase” for the company.

Ariana Resources PLC (LON:AAU) agreed a potential partnership deal with a major Turkish construction firm for a number of its projects in the country.

Pembridge Resources PLC (LON:PERE) said it plans to raise between £3mln and £5mln via a share placing to fund development of the Minto mine in Canada.

Oracle Power PLC (LON:ORCP) saw its shares soar on Thursday following news that influential Emirati Sheikh Ahmed Bin Dalmook Al Maktoum will invest £500,000 into the company.

Shares surged as W Resources PLC (LON:WRES) announced it has kicked off tungsten and tin production at its La Parrilla mine in Spain, with its boss saying he is “pleased with the initial concentrate grades”.

Ormonde Mining plc (LON:ORM) told investors that sales of 20-tonne shipments of tungsten concentrate produced from the Barruecopardo mine in Salamanca, Spain, have recently completed with international buyers.

Alba Mineral Resources PLC (LON:ALBA) celebrated the completion of the first-ever exploration drilling campaign at the Clogau-St David's gold mine in Wales.

MetalNRG PLC (LON:MNRG) switched commodities to buy 75% of a Romanian company that owns the rights to an oil and gas concession for the next fifteen years, as well as appointing a new executive director to deliver the project.

IronRidge Resources Ltd (LON:IRR) returned multiple high-grade reverse circulation (RC) drilling intersections from the latest drilling programme at the Ewoyaa, Abonko and Kaampakrom projects in Ghana, West Africa

Afarak Group PLC (LON:AFRK) said it sees “solid” long-term prospects for the stainless steel and ferrochrome industry despite the current soft phase of the market.

Eurasia Mining PLC (LON:EUA) hailed a “step change” in its development as it took full control of production at its West Kytlim mine in Russia.

Kavango Resources PLC (LON:KAV) hit early-stage signs of mineralisation during drilling on its Kalahari Suture Zone project (KSZ) in Botswana.

Vast Resources PLC (LON:VAST) re-jigged the ownership structure of its Chiadzwa diamond concession in Zimbabwe.

Strategic Minerals PLC (LON:SML) received £248,155 in research & development (R&D) tax relief from Her Majesty’s Revenue and Customs (HMRC) relating to exploration work at its Redmoor tin and tungsten project in Cornwall.

Thor Mining PLC (LON:THR) completed a second round of drilling has been completed at the Bonya project, in Australia’s Northern Territory.

Following on from the feasibility study for its BKM copper project in Indonesia, Asiamet Resources Ltd (LON:ARS) designed an exploration programme focused on some of the walk-up targets nearby.

Ncondezi Energy Limited (LON:NCCL) received support “in principle” for a restructuring of an outstanding US$4.3mln loan plus interest.

NQ Minerals PLC (LON:NQMI) doubled the estimate of nickel and cobalt resources in the area surrounding its Hellyer mine in Tasmania.

Kodal Minerals PLC (LON:KOD) received its environmental and social impact permit (ESIA) for the development of the Bougouni lithium project in southern Mali.

Arkle Resources PLC (LON:ARK) said it was examining options for its 23.44% stake in the Stonepark zinc project after it attracted interest from “other industry participants”.

Rainbow Rare Earths Ltd (LON:RBW) released results from a historic drilling programme at Kiyenzi in Burundi.

Quick facts: Rockfire Resources PLC

Price: 2 GBX

Market: LSE
Market Cap: £11.05 m
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Rockfire Resources: Mining Capital's Alastair Ford discusses 'spectacular...

Mining Capital's Alastair Ford gives his view on the news this week from Rockfire Resources PLC (LON:ROCK). The explorer returned broad, consistent gold assays from a geophysical target on its Plateau gold project in Australia. Of particular note was gold mineralisation occurring almost...

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