Erdene Resource Development (TSX: ERD)

Announced an updated mineral resource estimate for its 100% owned Zuun Mod molybdenum-copper porphyry project, located in the Khundii Minerals District, in southwestern Mongolia.

The updated resource estimate, when compared to the previous, demonstrates a significant increase.

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Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN; OTCQB:ERDCD) (“Erdene” or the “Company”) is pleased to announce an updated mineral resource estimate for its 100% owned Zuun Mod molybdenum-copper porphyry project, located in the Khundii Minerals District, in southwestern Mongolia.

HIGHLIGHTS

• 100% owned license hosts one of Asia’s largest undeveloped molybdenum-copper deposits
• Only 35 kilometers from Erdene Mongol’s Bayan Khundii Gold Mine in region of growing infrastructure and 180 kilometres from China, the world’s largest molybdenum consumer
• The updated resource estimate, when compared to the previous, demonstrates a significant increase:
  • 22% increase in Measured and Indicated molybdenum (“Mo”) resources to 333 million pound (“Mlbs”) and 95% increase in Inferred Mo resources to 300 Mlbs
  • 16% increase in Measured and Indicated copper (“Cu”) resources to 384 Mlbs and 75% increase in Inferred Cu resources to 350 Mlbs
• Substantial exploration upside within very large molybdenum-copper and copper-silver porphyry complex
• Drilling planned in Q4 2025 to test expansion opportunities and copper targets 

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Peter Akerley, Erdene’s President and CEO commented,

“We are very pleased to report the updated resource, confirming Zuun Mod as one of Asia’s largest undeveloped molybdenum-copper projects.

 

“The project is located less than 200 kilometres from the world’s largest molybdenum and copper consumer and steel producer, in a region seeing rapid infrastructure build-out, including Erdene’s Bayan Khundii Gold Mine.

 

“Molybdenum is highly valued as a critical mineral with growing demand in the advanced electronics, aerospace and defense sectors and expanding processing capacity in the region. The outlook for molybdenum is bullish and production from Zuun Mod is expected to be readily absorbed in the market.

 

“With an improved understanding of geologic and structural controls of the deposit, several opportunities for enhancement and expansion have materialized. Drilling is planned in Q4 to test these opportunities as well as copper targets in the northern portion of the porphyry complex.

 

“As we define the deposit further, we are continuing to progress marketing and technical studies to advance the project.”

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To read the full news release, please click HERE

Erdene Resource Development (TSX: ERD)

Erdene has just poured first gold on its Mongolian gold project, Bayan Khundi.

The company are looking to self fund an intensive exploration round whilst rapidly paying down debt during the next 12 months.

The first target is a production rate of around 7,000 Oz gold per month within a few months from now.

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Courtesy of Erdene Resource Development

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Comment

This is just the sort of company I like to invest in, commencing production, with a funded large exploration program, in a highly prospective gold and copper belt.

The jurisdiction is Mongolia, which I would classify as tier 2 or 3, but management have moved the company through exploration into production which suggests relations with the government are good.

Lastly, their projects offer the potential for scale, which is another preference of mine.

I have just made an investment and am looking to add a few more when funds become available if management continue to deliver.

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Initiating Coverage – Erdene Resource Development

Company profile

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Mining Review 3rd August 2025

The price of copper tanked on the news that Trump isn’t going to tariff all copper imported into the USA.

Equinox gold announced new high-grade gold drill results, and a leadership transition.

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Equinox Gold Greenstone Mine – Credits Equinox Gold Corp.

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City Investors Circle Mining Review 3rd August 2025

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Mining Review 3rd August 2025 – The price of copper tanked on the news that Trump isn’t going to tariff all copper imported into the USA. The price fell a whopping 23.4% after the news.

Gold move up 2% week on week, and silver fell after a recent strong run, causing the gold silver ration to increase after weeks of falling.

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Equinox Gold announced new high-grade gold drill results, and a leadership transition. The feeling in the market is that this is one to watch over the next year, as providing the price of gold remains high EQX will be able to pay down it’s current debt in large chunks.

Equinox also announced that former Calibre Mining CEO Darren Hall has assumed the role of CEO.

Darren has huge experience in the gold mining sector, with Kirkland Lake Gold and Newmarket Gold, before transforming Calibre from a junior mining company to a mid tier producer before being acquired by Equinox.

Darren looks a safe pair of hands to lead the company forwards from here in my opinion.

Capricorn Metals agreed to purchase the Mongers Lake project contiguous to their Mt. Gibson project as they consolidate the area around Mt. Gibson.

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

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AIC Mines (ASX:  A1M)

Advised that the Eloise Copper Mine has exceeded its FY25 Production Guidance of 12,500t of copper and 5,000oz of gold in concentrate.

AIC was targeting full year FY25 production from Eloise of approximately
12,500t Cu and 5,000oz Au in concentrate at an AISC of approximately A$5.25/lb
Cu and AIC of A$5.50/lb Cu.

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Eloise Copper Mill – Credits AIC Mines

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AIC Mines FY25 Production Guidance Achieved at Eloise Copper Mine

AIC Mines Limited (“AIC Mines” or “the Company”) (ASX: A1M) is pleased to advise
that the Eloise Copper Mine has exceeded its FY25 Production Guidance of 12,500t
of copper and 5,000oz of gold in concentrate.
• AIC Mines was targeting full year FY25 production from Eloise of approximately
12,500t Cu and 5,000oz Au in concentrate at an AISC of approximately A$5.25/lb
Cu and AIC of A$5.50/lb Cu1
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• AIC Mines can confirm that Eloise has exceeded its FY25 copper and gold
production guidance, having produced 12,863t of copper and 5,955oz of gold in
concentrate.
• This achievement represents the second year and eighth quarter in a row that
Eloise has achieved production guidance.
• Since acquiring Eloise in November 2021, one of AIC Mines’ key focus areas at
Eloise has been to improve operational reliability through:
• Investment in the mining fleet and mine ventilation to maintain productivity
and improve efficiency;
• Discovery and development of additional ore sources; and
• Developing the operational leadership team and reducing employee
turnover.
• Full results for the June 2025 Quarter are expected to be reported in the week
commencing 21 July 2025.

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AIC Mines’ Managing Director Aaron Colleran said:

“This is an excellent outcome and testament to the energy and ability of the team at Eloise and the capital investment made by AIC Mines since acquiring the mine in November 2021.”

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ABOUT AIC MINES

AIC is a growth focused Australian resources company.

Its strategy is to build a portfolio of gold and copper assets in Australia through exploration, development and acquisition.

AIC owns the Eloise Copper Mine, a high-grade operating underground mine
located SE of Cloncurry in North Queensland.

The company is also advancing a portfolio of exploration projects that are prospective for copper and gold.

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To read the full news release please click HERE

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.To View AIC Mines’ historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in AIC Mines.

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AIC Mines (ASX: A1M)

Announced new drilling results from resource definition and extension drilling at the
Jericho copper deposit located in North Queensland.

Step-out drilling at the Billabong shoot, 380 metres down-plunge of the nearest
drillhole, returned a high-grade intercept, 5.5m (4.1m ETW) grading 2.4% Cu from 696m.

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Eloise Copper Mill – Credits AIC Mines

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AIC Mines High-grade depth extension at the Jericho Copper Deposit

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ASX ANNOUNCEMENT
12 June 2025

AIC Mines Limited (ASX: A1M) (“AIC Mines” or the “Company”) is pleased to
announce new drilling results from resource definition and extension drilling at the
Jericho copper deposit located in North Queensland.

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Highlights

• Step-out drilling at the Billabong shoot, 380 metres down-plunge of the nearest
drillhole, returned a high-grade intercept:
• JEDD074 – 5.5m (4.1m ETW) grading 2.4% Cu from 696m
• The result confirms that high-grade mineralisation continues at depth several hundred metres below the current Inferred Resources.
• Resource infill drilling at the Matilda and Matilda North shoots intersected the
following significant results:
• JEDD074 – 15.2m (11.4m ETW) grading 1.0% Cu from 422.8m
• JEDD075 – 10.0m (7.5m ETW) grading 1.4% Cu from 255m
• JEDD076 – 12.0m (9.0m ETW) grading 1.9% Cu from 137m, including
• 4.0m (3.0m ETW) grading 4.1% Cu from 145m
• JEDD077 – 7.0m (5.3m ETW) grading 1.2% Cu from 313m.

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Commenting on the results, AIC Mines’ Managing Director Aaron Colleran said:

“Intersecting high-grade mineralisation in a 380m step-out hole beneath the current resource is testament to the calibre of the Jericho deposit, and to the AIC Mines exploration team who have rapidly developed a comprehensive understanding of the controls on mineralisation.”

Jericho Copper Deposit

The Jericho copper deposit is located 4 kilometres south of the Eloise copper mine and processing plant.

Mineralisation at Jericho is defined over a strike length of 5 kilometres and remains open to the north and south. It commences at approximately 50m below surface and extends to a vertical depth of 650m below surface – the current limit of drilling.

Mineralisation occurs predominantly in two parallel lenses, J1 and J2, with higher grade shoots within these lenses, such as Jumbuck, Matilda and Billabong.

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ABOUT AIC MINES

AIC Mines is a growth focused Australian resources company.

Its strategy is to build a portfolio of gold and copper assets in Australia through exploration, development and acquisition.

AIC Mines owns the Eloise copper mine, a high-grade operating underground mine
located SE of Cloncurry in North Queensland.

AIC Mines is also advancing a portfolio of exploration projects that are prospective for copper and gold.

CAPITAL STRUCTURE
Shares on Issue: 575,682,640
BOARD MEMBERS
Josef El-Raghy   –   Non-Executive Chairman
Aaron Colleran   –   Managing Director & CEO

CORPORATE DETAILS
ASX: A1M
www.aicmines.com.au

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To read the full news release, please click HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in AIC Mines. 

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To read our full terms and conditions, please click HERE

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AIC Mines (ASX: A1M)

We are initiating coverage of AIC Mines, a copper and gold production, exploration, and development company located in Queensland, Australia.

AIC’s Chairman is Josef El-Raghy, well known to UK investors for his stewardship of Centamin Egypt from exploration to production, to finally being acquired during some challenging times in the markets and politically in Egypt.

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Eloise Copper Mill – Credits AIC Mines

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City Investors Circle Initiating Coverage of AIC Mines

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AIC Mines (ASX: A1M)

We are initiating coverage of AIC Mines, a copper and gold production, exploration, and development company located in Queensland, Australia.

AIC’s Chairman is Josef El-Raghy, well known to UK investors for his stewardship of Centamin Egypt from exploration to production, to finally being acquired during some challenging times in the markets and politically in Egypt.

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ABOUT AIC MINES

AIC Mines is a growth focused Australian resources company.

Its strategy is to build a portfolio of gold and copper assets in Australia through exploration, development and acquisition.

AIC owns the Eloise copper mine, a high-grade operating underground mine
located SE of Cloncurry in North Queensland.

AIC Mines is also advancing a portfolio of exploration projects that are prospective for copper and gold.

CAPITAL STRUCTURE
Shares on Issue: 575,682,640
BOARD MEMBERS
Josef El-Raghy   –   Non-Executive Chairman
Aaron Colleran   –   Managing Director & CEO

CORPORATE DETAILS
ASX: A1M
www.aicmines.com.au

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AIC project location map – Credits AIC Mines

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To View AIC Mines’ historical news, please click here

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

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,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in AIC Mines. 

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To read our full terms and conditions, please click HERE

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Cornish Metals (AIM / TSX.V: CUSN)

Announced that Mr. Owen Mihalop, Chief Operating Officer (“COO”), has left the Company with effect from April 25^th, 2025 in order to pursue new opportunities.

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Comment.

Despite the friendly language, this looks like a forced change to me.

Otherwise why announce after the event? This does not look like a planned change, with no replacement being named. 

I have a feeling all is not going to plan at South Crofty, maybe this is the reason for this sudden change?

News about the shaft remediation and dewatering is scarce, and the company never officially denied the rumours of water ingress posted on blogs last year.

Cornish Metals Announces Management Change

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Mining Review 12th January 2025

Calibre Mining and Gold Road Resources both declared record gold production in December 2024, after slightly missing guidance earlier in the year.

The price of gold is climbing despite the US dollar and US Treasury rates climbing, a sign of political and economic uncertainty?

Faraday Copper Property – Arizona

City Investors Circle Mining Review 12th January 2025

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For UK investors invested in physical gold, and / or Australian, American, and Canadian stocks, the lower value of the pound increases the value of those investments, so it’s a useful hedge against the UK Labour party train wrecking the economy, which they seem determined to do in short order.

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Faraday Copper (TSX: FDY)

Announced the results of five drill holes from its ongoing Phase III drill program at the Copper Creek Project, Arizona.

The highlight was 40.06 Metres at 0.78% Copper Within 109.42 Metres at 0.41% Copper at the Boomerang Breccia.

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January 8, 2025 – Vancouver, British Columbia – Faraday Copper Corp.(TSX: FDY) (OTCQX:CPPKF) (“Faraday” or the “Company“) is pleased to announce the results of five drill holes from its ongoing Phase III drill program at the Copper Creek Project, located in Arizona (“Copper Creek”). Two holes were drilled in the American Eagle area, two in the Rum area and one was a reconnaissance hole east of Area 51. 

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Paul Harbidge, President and CEO, commented

“It is exciting to see that our on-going drill program continues to deliver positive results.

 

“These results confirm additional near-surface mineralization above the existing resource in the American Eagle area, including the identification of high-grade copper at the Boomerang breccia.

 

“Moreover, significant copper was identified in veins outside the breccia domains. All fifteen drill holes, reported in the American Eagle area to date, have intersected copper mineralization above cutoff grade with numerous high-grade zones present.

 

“Additionally, drilling has demonstrated exploration potential well outside of the resource area, including east of Area 51 and at depth in the Rum area.”

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Highlights

• Two drill holes, FCD-24-077 and FCD-24-082, expand the known near-surface mineralization in the American Eagle area. 
• Drill hole FCD-24-082 intersected mineralization in the Prada breccia and the results demonstrate that the Boomerang breccia is mineralized at depth. Significant intercepts include:
  • At Prada, 118.28 metres (“m”) at 0.30% copper and 1.14 grams per tonne (“g/t”) silver from 168.92 m, including 22.54 m at 0.53% copper and 1.39 g/t silver from 213.83 m; and
  • At Boomerang, 109.42 m at 0.41% copper, 0.007% molybdenum, and 1.24 g/t silver from 417.90 m, including 40.06 m at 0.78% copper, 0.018% molybdenum, and 2.28 g/t silver from 459.08 m. 
• North of the American Eagle breccia, drill hole FCD-24-077 intersected 197.20 m at 0.22% copper and 0.77 g/t silver from 25.37 m, including 16.11 m at 0.45% copper and 1.35 g/t silver from 86.00 m. Mineralization in this area is largely vein-hosted, confirming that copper is not restricted to breccias.
• A reconnaissance drill hole east of Area 51 identified silver-rich skarn and vein-hosted mineralization over 58.08 m at 19.10 g/t silver from surface, including 8.90 m at 42.84 g/t silver and 0.34% copper from 47.23 m.

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Mining Review 22nd September 2024

Gold reached a new (nominal) all-time high during the week as the US rate cut lowered the value of the US dollar.

BPM Minerals announced good drill results just south of Capricorn Metals’ Mount Gibson property in Western Australia.

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City Investors Circle Mining Review 22nd September 2024

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Gold reached a new (nominal) all-time high during the week, ending at $2,625 an ounce,  as the US rate cut lowered the value of the US dollar.

Industrial metals improved as anticipation of a Chinese government stimulus package to promote growth grows. Bellwether copper rose 3.39%.

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BPM Minerals announced good drill results just south of Capricorn Metals‘ Mount Gibson property in Western Australia. The stock rose sharply briefy to 14c, then fell back to close at 8 cents.

News from companies in our watchlists in listed below, click on the link to be taken to the full story.

  American Creek Aquisition to be Financed by Gold Tokens

  Westgold Published an Updated Corporate Update

  BPM Minerals High-Grade Gold Discovery at the Claw Gold Project

  Pacgold to Commence Aircore and RC Drilling at Alice River

  Capricorn Metals Updated Corporate Presentation

  Mining Review 15th September 2024

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Market Data

Weekly Price Changes

(US$ unless stated)

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

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Cornish Metals (AIM / TSX-V: CUSN)

Reported results from the last eight drill holes of the recently completed 14-hole / 8,993m drilling programme at its Wide Formation target, located approximately 1km south of the South Crofty mine. 

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Mining Review 21st July 2024

Gold had a poor week, crashing to $2,400 when it looked on the cusp of breaching $2,500.

G Mining Ventures and Karora Resources both announced the closure of their respective business combinations, and Cabral Gold and West Red Lake Mining both announced high grade drill results.

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City Investors Circle Mining Review 21st July 2024

Gold had a poor week, crashing to $2,400 when it looked on the cusp of breaching $2,500. Silver followed and fell more in percentage terms.

Copper and nickel also fell back after being disappointed by the chinese governement’s Third Plenum announcement, which was perceived as negative for metals.

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The Victoria Gold heap leach disaster in the Yukon goes from bad to worse, as now whistleblowers are announcing activities that went on at the mine that are very disturbing. (if proved true of course, and for now they’re just hearsay).

However, the future of the company looks incredibly bleak, and in my opinion it will cease to trade in short order, and disappear.

Production is halted, the company look to be unable to rectify the problems, debtors are owed $245 million, and are claiming a default on their loans, and the local First Nations are rightly outraged and look unlikely to allow the early restoration of mining, even if they company are able to do it, which they can’t.

I say this is done, Victoria will be toast soon.

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G Mining Ventures and Karora Resources both announced the closure of their respective business combinations, with Reunion Gold and Westgold respectively.

On the exploration front Cabral Gold and West Red Lake Gold Mining both announced high-grade drill results.

Aris Mining confrmed 2024 production guidance and Calibre Mining comenced a huge 100,000 m drill capaign.

To read all the significant news from the companies on our watchlist from last week, please click on the links below.

Click here for all company news archives

Market Data

Weekly price changes

(US$ unless stated)

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

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Orla Mining (TSX: OLA / NYSE: ORLA)

Announced that, further to its April 10, 2024, news release, the Company has filed a Request for Arbitration against the Government of Panama under the Canada-Panama Free Trade Agreement.

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Orla Mining Cerro Quema project panoramic view

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Vancouver, BC – July 3, 2024 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) announces that, further to its April 10, 2024, news release, the Company has filed a Request for Arbitration against the Government of Panama under the Canada-Panama Free Trade Agreement (the “FTA”). 

The Request for Arbitration asserts that measures taken by Panama in respect of the Cerro Quema Project constitute violations of Panama’s legal obligations under the FTA and customary international law.

A Notice of Intent to Arbitrate was filed with the Government of Panama under the FTA on March 28, 2024, which was intended to facilitate a 30-day consultation period to reach an amicable resolution to the Company’s claim. As no resolution was reached, the Company has proceeded with filing the Request to Arbitrate.

The arbitration will be facilitated and administered by the International Centre for Settlement of Investment Disputes (ICSID) in Washington, DC, under its Arbitration Rules. As part of the FTA requirements, the Company has submitted an initial and preliminary estimate of damages claimed of no less than US$400 million, plus pre-award and post-award interest.

Although the Company intends to vigorously pursue these legal remedies, the Company’s preference is a constructive resolution with the Government of Panama that results in a positive outcome for all stakeholders.

The Cerro Quema Project is located on the Azuero Peninsula in the Los Santos Province of Southwestern Panama, about 45 km southwest of the city of Chitre. The project includes a pre-feasibility-stage, open-pit, heap leach gold project, a copper-gold sulphide resource, and various exploration targets.

The Company believes that the Cerro Quema Project could be an important social and economic contributor to Panama, creating employment and skills development opportunities and contributing tax, royalty, and other fiscal benefits to the host communities and governments. The Company also maintains a strong commitment to operating in an environmentally responsible manner.

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To View Orla Mining’s historical news, please click here

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.To read the full news release, please click HERE

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Orla Mining.

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Cornish Metals (TSX.V / AIM: CUSN)

Has entered into a binding letter of intent with Northera Resources Ltd. for the sale of the company’s 100-per-cent interest in the Nickel King and Opescal Lake properties for a total consideration of up to $8-million.

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South Crofty Head frame

Cornish Metals to sell Nickel King, Opescal properties

2024-06-17 08:41 ET – News Release

Cornish Metals Inc. (TSX.V / AIM: CUSN) has entered into a binding letter of intent with Northera Resources Ltd. for the sale of the company’s 100-per-cent interest in the Nickel King and Opescal Lake properties for a total consideration of up to $8-million.

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Ken Armstrong, Interim CEO and Director of Cornish Metals, stated:

“The sale of Nickel King aligns with Cornish Metals’ objective to focus its efforts on advancing its 100% owned and fully permitted South Crofty tin project, in the UK, towards a construction decision.

 

“Cornish Metals will retain exposure to any future exploration success at Nickel King, as Northera works to recommence exploration activities at the Nickel King Property which comprises approximately 4,000 hectares in mining leases and mineral claims in Canada’s Northwest Territories.”

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Under the terms of the Agreement:

Northera will pay Cornish Metals a non-refundable cash payment of C$100,000 within five days of signing the Agreement.

Within 95 days of signing the agreement, Cornish Metals will transfer to Northera the legal and beneficial title to the mining leases and mineral claims comprising the Nickel King Property, and Northera will pay the Company a non-refundable cash payment of C$900,000.

Cornish Metals and Northera will enter into a final definitive agreement (the “Definitive Agreement”) on or before the date that is 60 days following the signing of the Agreement.

Upon completion of a go public transaction by Northera, resulting in a listing of securities on the TSX Venture Exchange, or other stock exchange, Northera will issue to Cornish Metals common shares in the capital of Northera having an aggregate market value equal to C$7 million. 1

The Company’s wholly owned Nickel King Property is located in the Northwest Territories, 135 km northeast of Stony Rapids, Saskatchewan.

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To View Calidus Resources’ historical news, please click here

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To read the full news release please click HERE

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Calidus Resources.

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Mining Review 2nd June 2024

A quiet week news wise, the main news being Anglo American rebutting BHP’s offer for the company.

G Mining and Calibre Mining both published positive project construction updates.

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Impact Minerals – Drilling at Lake Hope HPA project.

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Mining Review 2nd June 2024

A quiet week news wise, the main news being Anglo American rebutting BHP’s offer for the company.

G Mining and Calibre Mining both published positive project construction updates.

The Monthly Review has just been published, so all the news for the month is contained there.  To read the Monthly Review, please click HERE

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Market Data

Weekly Price changes

(US$ unless stated)

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We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Monthly Review May 2024

Has been published by City Investors Circle.

The highlighted company is Ora Banda Mining, and featured companies include Aris Mining and Karora Resources, plus a potential takeover target in Australia.

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G Mining’s TZ project vista, Tapajos, Brazil.

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City Investors Circle Monthly Review May 2024

The highlighted company is Ora Banda Mining, in production in Western Australia, looking ot increase gold production  from 70,000 Oz PA to 100,000 Oz PA in 2025.

Ora banda has a 110 KM trend with a “string of pearls” of targets, and are looking to pivot to underground mining for higher grades and lower costs.

AISC is around A$2,400, and the gold price in Australia is currently A$3,550, so plenty of cashflow to expand exploration and develop their other projects..

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Other featured companies include Aris Mining and Karora Resources, plus a potential takeover target rumour from Australia..

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Precious and industrial metal prices in May were virtually all positive, and we list the gainers and very few losers monthly changes..

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All the company news from May 2024 is listed below, please click on the link to be taken to the full story on the website.chives

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please email andrew@city-investors-circle.com

Cornish Metals (TSX.V / AIM: CUSN)

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Cornish Metals (AIM / TSX.V: CUSN)

Notes the recent decline in its share price and confirms it is unaware of any operational or corporate reason for the price movement.

On April 30, 2024 the Company reported a positive independent Preliminary Economic Assessment for its 100% owned South Crofty tin project located in Cornwall. 

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Cornish Metals Inc. CORNISH METALS’ RESPONSE TO SHARE PRICE MOVEMENT

17/05/2024 7:15am

RNS Regulatory News

Cornish Metals (AIM / TSX-V: CUSN)

Announced today the departure of Chief Executive Officer Richard Williams, effective on March 31, 2024, when he will also leave the Company’s Board.

Mr. Williams will remain available to the Company on a consulting basis going forward.

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 Patrick Anderson, Chairman of the Board of Directors said,

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