Market Review August 2025

The highlighted company is Great Boulder Resources.

August produced an average 25% increase in share price for our top 10 watchlist, with one company rising by 53%.

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Great Boulder Resources project map – Courtesy of Great Boulder Resources

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City Investors Circle Market Review August 2025 Published

The highlighted company is Great Boulder Resources.

The company is based in Western Australia, and has an experienced management team, is well funded, and has the potential of early stage toll milling production on a capex of just A$3.5 million.

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August produced an average 25% increase in share price for our top 10 watchlist, with one company, Galiano Gold, rising by 53%.

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The Review contains a table of pure silver mining companies listed on the ASX, LSE, and TSX exchanges.

Silver is on the cusp of breaking $40 an ounce on the back of increased industrial demand from the solar power, EV, electronics, and microchip industries, combined with a growing supply deficit.

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Companies featured include Equinox Gold and Ora Banda Mining, plus comments about the largest pure silver mining companies, and a list of the top few on the ASX, London, and TSX exchanges.

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To read the August 2025 Market Review, please click HERE.

To receive future issues of the Market Review and invitations to our free to attend mining presentation, please email andrew@city-investors-circle.com

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Archive of August’s news releases is listed below, click the link to be taken to the full story.

  Equinox Gold Produces The First Gold Ore at Valentine

  Ora Banda Mining Report Record Revenue of A$404 million

  Horizon Minerals Acquires the Gordon Dam Project

  Omai Increases Indicated Mineral Resources to 2.1 M Oz AU

  Pacgold Issue Alice River Gold Project Drilling Update

  Catalyst Metals Trading Halt

  Galiano Gold Reports Exceptional Drill Results at Abore

  Mining Review 24th August 2025

  Pacgold Farm In Agreement to acquire St George Gold-Antimony Project

  Kaiser Reef Issue Clarification Statement

  Awalé Expands Systematic Exploration Over Highly Prospective Land

  Ora Banda Mining Diggers and Dealers Presentation

  Catalyst Metals Makes Intercepts outside Trident’s Resource envelope

  Equinox Gold Delivers Solid Q2 2025 Financial and Operating Results

  Orla Mining Reaches Major Milestone in Nevada with NOI

  Mining Review 17th August 2025

  G Mining Ventures Reports Strong Q2 2025 Results

  Orla Mining Reports Q2 2025 Financial Results

  West Red Lake Gold Expands High-Grade Zone 36.85 g/t Au over 6.9m

  Barton Gold Begins Diamond Drilling at Tolmer Discovery

  Equinox Gold Agrees to Divest Non-Core Nevada Assets for US$115 M

  Neometals Exits The Lithium Recycling Business

  Mining Review 10th August 2025

  Caprice Announce High-Grade Gold Discovery

  West Red Lake Gold Provides Madsen Mine Operations Update

  Ora Banda Expands Little Gem High-Grade Strike to Over 1KM

  Orla Mining Provides Update on Pit Wall Event at Camino Rojo

  Kaiser Reef continues profitable operations – Period Ending 31 July 2025

  New Murchison Gold Knock Back Meeka Offer

  Mining Review 3rd August 2025

  Capricorn Acquires Mongers lake to Expand Mt. Gibson

  Market Review July 2025 Published

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 may hold shares in some or all of the companies mentioned

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Equinox Gold (TSX: EQX / NYSE: EQX)

Provide an update on its cornerstone Canadian mining operations, the Valentine Gold Mine located in Newfoundland & Labrador, and the Greenstone Gold Mine  located in northern Ontario.

The Valentine Gold Mine has begun processing ore through its 2.5-million-tonne-per-annum facility.

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Equinox gold Valentine Gold Mine – Credit Calibre Mining

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Ora Banda Mining (ASX: OBM)

Reported on its financial and operating activities for the year ended 30 June 2025 – a year during which the Company demonstrated the robustness of its underground strategy, and record revenues of A$404 million.

Closing cash increased by $57.4 million despite spending over $124.2 million on exploration, resource development and capital.

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Ora Banda mine location map – Credits Ora Banda Mining

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Ora Banda Mining Announce Record FY25 Results

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Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to report on its financial and operating activities for the year ended 30 June 2025 – a year during which the Company demonstrated the robustness of its underground strategy.

Closing cash increased by $57.4 million despite spending over $124.2 million on exploration, resource development and capital including:
• $73.5 million on Riverina and Sand King underground development;
• $28.3 million on resource development & exploration activities; and
• $22.4 million on growth capital works projects for Sand King, camp upgrades and on-going improvement projects at the Davyhurst mill.

FY25 Highlights:

• Record revenue of $404.3 million (FY24: $214.2M)
• EBITDA increased by 243% to $184.6 million
• Closing cash of $84.2 million (June 2024: $26.8 million), up $57.4 million
• Net Profit after Tax (NPAT) increased 575% to $186.1 million including a $73.1 million net income tax benefit from the recognition of a deferred tax asset associated with carry forward losses
• Record gold sold from the Davyhurst mill of 91,687oz at an AISC3 of $2,693/oz (FY24: 67,255oz at an AISC of $2,767/oz)
• Riverina Underground achieved capital payback only 18 months after commencement
• Operations commenced at the Group’s second underground mine, Sand King, with all key metrics achieved on schedule
• Executed a Syndicated Facility Agreement (“SFA”) with ANZ and CBA for a revolving credit facility (“RCF”) of A$50 million for an initial 2-year term.

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The Group achieved record production for the year with a total of 92,399oz produced (including attributed ounces) representing a 32% increase on FY24. The increase was driven by a larger percentage of higher-grade Riverina Underground ore being processed in FY25, together with the introduction of Sand King material from February 2025.

The increased production coupled with a higher realised gold price (A$1,159/oz higher than FY24) resulted in record revenue of $404.3 million.

Riverina Underground reached commercial production on 1 August 2024 following two consecutive months of steady state production and achieved payback of its capital investment within 18
1 EBITDA – earnings before interest, tax, depreciation and amortisation. EBITDA is a non IFRS measure
2 In the current year, the Group recognised deferred tax assets relating to carry forward unused tax losses. Based on the Group’s 2024 income tax return & estimates for 2025. the Group has carried forward losses of $277.4M ($83.2M tax effected). The difference between this $83.2M and the $73.1M income tax benefit is associated with timing differences on deferred taxes.
3 AISC – all-in sustaining costs per ounce sold (inclusive of attributed ounces)
4 Ore sale agreement with Norton Goldfields delivering 1.4koz of attributed ounces for FY25 – refer to ASX Announcement “FY25 Production Results & FY26 Guidance” dated 11 July 2025

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The full news release can be viewed HERE

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Horizon Minerals (ASX: HRZ)

(Announced commencement of regional consolidation of assets near the 100% owned Black Swan processing facility via executing a Binding Tenement Sale Agreement (“TSA”) with Yandal Resources Limited (ASX: YRL).

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Photo courtesy of Horizon Minerals

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HORIZON MINERALS’  ACQUISITION OF PROJECTS NEAR BLACK SWAN INCLUDING THE GORDONS DAM PROJECT

Horizon Minerals Limited (ASX: HRZ) (“Horizon” or “the Company”) is pleased to announce commencement of regional consolidation of assets (“Acquisition”) near the 100% owned Black Swan processing facility via executing a Binding Tenement Sale Agreement (“TSA”) with Yandal Resources Limited (ASX: YRL) (“Yandal”).

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HIGHLIGHTS

• Binding TSA executed with Yandal for the acquisition of 100% interest in the Gordons, Mt. Jewell, Malone and Mulgarrie gold projects in the Western Australian goldfields
• Projects comprise 34 granted mining, prospecting, exploration and miscellaneous licences covering an area of approximately 77 km2 strategically located in close proximity to the Black Swan processing plant:
o Gordons Dam project, 10km west-south-west of Black Swan with an established
mineral resource of 365 kt grading 1.7 g/t Au for 20 koz with mineralisation open at
depth and along strike and on a granted Mining Lease 1
o Multiple drilling targets identified including the advanced Star of Gordon and Malone
prospects
• Projects acquired for total consideration of A$2.810m on the following terms:
o $0.2m refundable cash deposit on execution of the TSA (paid)
o $1.0m cash from existing reserves (Cash Payment) on completion, and
o $1.610m in fully paid ordinary Horizon shares (Consideration Shares) on completion
at an issue price equal to a 10% discount to the 15 trading day volume weighted
average price up to and including the day immediately prior to the date of execution
of the TSA. The issued shares will not be subject to any escrow restrictions. The
share consideration may also be paid as cash, at Horizon’s election at the time of
completion.

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 Managing Director and CEO Mr Grant Haywood said:

“We are pleased to acquire these projects in close proximity to our processing infrastructure.

 

“Our key focus is completing study work with the aim of generating a five-year life of mine plan processing through our Black Swan processing plant.

“In addition to the resource at Gordons Dam, these assets complement our current large strategic land holdings in the WA goldfields. We see great potential in this area for further resource growth along with enormous exploration upside.”

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To read the full news release please click HERE

 

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..To View Horizon Minerals’ 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.

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 Horizon Minerals.

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Omai Gold Mines (TSX.V: OMG)

Reported an updated Mineral Resource Estimate on its Omai Gold Property in Guyana.

For the Wenot MRE, the Inferred MRE increased 130% to 3,717,000 oz grading 1.82 g/t Au, contained in 63.4 million tonnes, and the Indicated MRE increased 16% to 970,000 oz grading 1.46 g/t Au, contained in 20.7 Mt.

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Omai Gold core logging huts – Courtesy of Omai Gold Mines

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OMAI INCREASES INDICATED MINERAL RESOURCES TO 2.1 MOZ AU (2.07 g/t Au, 31.9Mt) AND INFERRED MINERAL RESOURCES TO 4.4 MOZ AU (1.95 g/t Au, 69.6Mt) WITH EXPANSION OF WENOT DEPOSIT

August 25, 2025, Toronto, Ontario – Omai Gold Mines Corp. (TSX.V: OMG) (OTCQB: OMGGF) (“Omai Gold” or the “Company”) is pleased to report an updated Mineral Resource Estimate (“MRE”) on its 100%-owned Omai Gold Property in Guyana.

The MRE includes an expansion to the Wenot Deposit and incorporates the previously disclosed Gilt Creek Deposit.

Most significantly, for the Wenot Mineral Resource Estimate (“MRE”), the Inferred MRE increased 130% to 3,717,000 oz grading 1.82 g/t Au, contained in 63.4 million tonnes (“Mt”), and the Indicated MRE increased 16% to 970,000 oz grading 1.46 g/t Au, contained in 20.7 Mt.

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HIGHLIGHTS:

The Omai Property hosts two orogenic gold deposits: the shear-hosted Wenot Deposit and the adjacent intrusive-hosted Gilt Creek Deposit (Figure 1), with a combined updated MRE (over the February 2024 MRE) of:
• 2,121,000 ounces of gold (Indicated MRE), a 7% increase, averaging 2.07 g/t Au in 31.9Mt &
• 4,382,000 ounces of gold (Inferred MRE), a 92% increase, averaging 1.95 g/t Au in 69.6Mt
Wenot Deposit (a constrained pit and underground approach is applied)
• 970,000 oz of gold in 20.7Mt (Indicated), a 16% increase in ounces over the Feb 2024 MRE
• 3,717,000 oz of gold in 63.4Mt (Inferred), a 130% increase in ounces
• 1.46 g/t Au grade of Indicated MRE, a 1.4% decrease*
• 1.82 g/t Au grade of Inferred MRE, an 8.5% decrease*
• *Increased gold price assumption to $2,500/oz from $1,850/oz allowed cutoff lower to 0.30 g/t Au
from 0.35 g/t Au, resulting in lower average grades however increased ounces
• ~60% above 350m depth from surface (Figure 2a)
• ~30% of Wenot MRE is west of the historical open pit, an area considered to be well suited to initial mining.
• Expansion potential is evident along a minimum 2.5 km length of the host Wenot shear corridor, including within, adjacent to, below, and along strike Gilt Creek Deposit (an underground mining approach is applied)
• 1,151,000 ounces of gold (Indicated) averaging 3.22 g/t Au, in 11.1Mt (Feb 2024 MRE)
• 665,000 ounces of gold (Inferred) averaging 3.35 g/t Au, in 6.2Mt (Feb 2024 MRE)
• Hosted within a 500m by 300m quartz diorite intrusive “Omai stock” that produced 2.4 million ounces of gold (1993 to 2005) from the upper 250m
• Located 500m north of the Wenot Deposit and below the past-producing Fennel open pit
• Characterized by very wide sub-horizontal zones of gold mineralization (Figure 5)
• Open to depth and holds demonstrated potential for lateral expansion.

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Elaine Ellingham, President & CEO commented,

“We are pleased to be delivering yet another very substantial increase to the Mineral Resource Estimate for our Omai Gold Project in Guyana.

 

“This firmly positions Omai as one of the top two largest gold projects in Guyana. Omai has many benefits as a brownfields project, not the least of which is road access (mostly paved), an airstrip, a cleared site, established tailings sites and known past production parameters.

 

“In addition to these clear advantages, Guyana has proven to be a favourable jurisdiction, now recognized by the Fraser Institute as the 9th best jurisdiction for mining investment in the world, with a Government and people that are supportive of large-scale mine development.

 

“This updated Mineral Resource Estimate reinforces the potential for accelerated large-scale mine re-development at Omai, a project that continues to deliver superior value
creation for all stakeholders.

 

“With each successive milestone it becomes clearer that Omai has the potential to be a multi-decade world-class gold mining operation.

 

“Notwithstanding this large gold Mineral Resource Estimate we announced today, we still see very significant potential to further expand the gold zones at both the Wenot and the Gilt Creek Deposits.

 

“We will continue to aggressively drill to increase these Mineral Resources and to upgrade the Inferred Mineral Resource Estimate, in order to advance the project towards a Feasibility Study later in 2026.

 

“Two drills are currently turning on nearby known gold occurrences, exploring for near-surface satellite deposits, while the third drill continues on a deep hole (25ODD-122) that drilled across the Gilt Creek Deposit and continues, with the goal of testing the blue sky depth potential of the adjacent Wenot Deposit.”

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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.

.

Disclosure

At the time of writing the author holds shares in Omai Gold Mines. 

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To read our full terms and conditions, please click HERE

Pacgold Ltd. (ASX: PGO)

Announced results for the second batch of 45 reverse circulation drillholes in this year’s 13,000m RC at the Company’s 100% owned Alice River Gold Project, 300km northwest of Cairns, North Queensland.

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Pacgold project location map – Credits Pacgold Limited.

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Pacgold Alice River Gold Project Drilling Update

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Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce results for the second batch of 45 reverse circulation drillholes in this year’s 13,000m Reverse Circulation (‘RC’) drill programme at the Company’s 100% owned Alice River Gold Project (‘the Project’), 300km northwest of Cairns, North Queensland.

Drilling intersects significant widths of shallow mineralisation.

HIGHLIGHTS

• SOUTHERN TARGET RC DRILLING – Assays received for holes completed to test
extensions of the Mineral Resource Estimate:
• STDH030 – 20m @ 0.5g/t Au from 96m incl. 3m @ 1.0g/t Au from 99m, and 6m @
1.3g/t Au from 132m
• STDH031 – 54m @ 0.5g/t Au from 21m incl. 4m @ 2.7g/t Au from 21m and 2m @ 2.7g/t Au from 64m

• REGIONAL RC DRILLING – Programmes completed on the Posie and The Shadows
Prospects to test strike and depth extensions of the Mineral Resource Estimate, and followup Au anomalies generated from the 2024 Aircore drilling program; the RC rig is now testing the highest priority targets at Victoria and Jerry Dodds, 10,912m of RC drilling completed of the planned 13,000m programme including the White Lion.

• HERITAGE CLEARANCE WHITE LION – Heritage clearance over the White Lion
Geophysical target has now been completed and RC drilling now planned to commence
by the 7th of September, Geophysical pole-dipole completed with results now being
processed and are scheduled for release next week
• AIRCORE PROGRAMME- The regional extension Aircore programme is now completed with a total of 432 holes and 4,608m of Aircore drilling, all samples have now been submitted with assays scheduled within 3 weeks

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Pacgold’s Managing Director, Matthew Boyes, commented:

“This second batch of RC holes from The Shadows, Southern and Central targets have now successfully extended the broad zones of mineralisation previously encountered last years RC programme.

 

“The highest priority targets of Victoria and Jerry Dodds are now being drilled before we close out the campaign with our maiden programme testing the White Lion geophysical target from the 6-7th of September.

 

“White Lion is the most compelling target I have seen developed to date with a chargeable body measuring up to 1.2km in strike and 500m in width some 50-80m below surface.

 

“The Aircore programme is also now completed with another 432 holes (4,608m) completed and will develop a further set of targets to the south east of Victoria and Jerry Dodds to be drilled in Q4 this year and early in next year’s drill season.”

To read the full news release, please click HERE

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RC and DD Drilling Program

The RC drilling program which commenced in mid-April is continuing to test a number of high priority targets on the Project.

A total of 83 holes for 9,538 metres has been undertaken to 9th August. Step out drilling has been completed on the May 2025 Mineral Resource Estimate (MRE)1 on the Central Target (33 holes) and Southern Targets (19 holes), and the Posie Prospect (20 holes).

Assay results have been returned for the Central and Southern Target, providing strong support for definition of extensions to the MRE. 
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• CENTRAL TARGET:
o ARDH122 – 2m@ 4.2 g/t Au from 55m incl. 1m @ 7.6g/t Au from 54m
o ARDH130 – 10m @ 0.8g/t Au from 121m incl. 4m @ 1.6g/t Au from 121m

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To read the full news release, please click HERE

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Catalyst Metals (ASX: CYL) 

The Company is requesting that a trading halt be placed on the Company’s shares on the basis that Catalyst has identified a minor, technical misstatement in its FY24 Consolidated Entity Disclosure Statement.

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Henty Gold Mine, Tasmania – Courtesy of Catalyst Metals

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CATALYST METALS REQUEST FOR TRADING HALT

Pursuant to ASX Listing Rule 17.1, Catalyst Metals Limited (Company) requests a trading halt on its securities, effective immediately.

In accordance with ASX Listing Rule 17.1, the Company provides the following information:
– the trading halt is requested pending an application to the Federal Court of Australia by the Company regarding rectification of a technical compliance issue;
– the Company requests that the trading halt remain in place until the earlier of the time the Company releases an announcement regarding the matter or the commencement of trading on Wednesday, 27 August 2025; and
– the Company is not aware of any reason why the trading halt should not be granted or any other information necessary to inform the market about the trading halt.

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The Company is requesting that a trading halt be placed on the Company’s shares on the basis that:
– Catalyst has identified a minor, technical misstatement in its FY24 Consolidated Entity
Disclosure Statement, in strict non-compliance with sections 295(3A) and 295A(2)(ca) of the Corporations Act 2001 (Cth) (the Act); and
– six cleansing notices issued by the Company have stated that the provisions of Chapter 2M of the Act were complied with when sections 295(3A) and 295A(2)(ca) (which are contained in Chapter 2M of the Act) were not strictly complied with.

Following identification of the matters set out above, it was determined seeking rectification by applying for Court orders was the most appropriate course of action.

Although the Board does not consider the matters referred to above to be material or price sensitive, it has nevertheless requested a trading halt whilst it seeks remedial orders under section 1322 of the Act from the Supreme Court of Western Australia.

At the time that each cleansing notice was issued, it was the belief that the Company was compliant with Chapter 2M of the Act. The Company will seek orders that the cleansing notices are not invalid by reason of mistakenly stating that the provisions of Chapter 2M have been complied with when sections 295(3A) and 295A of the Act had not been complied with.

The Company is seeking a Court hearing on an urgent basis and will advise the market
immediately on the outcome of the hearing.

The Board wishes to assure all shareholders that it is seeking a resolution to these matters as quickly as possible with a view to having the Company’s shares reinstated to trading without delay.

Authorised for release by the Board of Directors of Catalyst Minerals Limited.

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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 Catalyst Metals. 

.

To read our full terms and conditions, please click HERE

Pacgold Limited (ASX: PGO)

Announced a farm in agreement on the “St George Antimony” Project , 70km west of Mt Carbine, North Queensland.

The tenement package consists of 7 tenements comprising of 5 granted and 2 tenements in application for a total area of 905km2 within a developing Antimony province in the Hodgkinson Province.

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Map courtesy of Pacgold Ltd.

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Pacgold Farm In Agreement to acquire St George Gold-Antimony Project North Queensland

Widespread high grade outcropping Au-Sb mineralisation

Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce a farm in agreement on the “St George Antimony” Project (‘the Project’), 70km west of Mt Carbine, North Queensland. The tenement package consists of 7 tenements comprising of 5 granted and 2 tenements in application for a total area of 905km2 within a developing Antimony province in the Hodgkinson Province.

HIGHLIGHTS

• FARM IN AGREEMENT SIGNED – Pacgold has the right to earn up to 100% interest in the St George Gold-Antimony Project in northeast QLD over three-stage farm in agreement, significant land position with exploration tenements totalling 905Km2
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• ST GEORGE ANTIMONY MINE – Historical antimony mine with reported production of 60T grading 60% of Antimony1 produced from artisanal open cut and underground workings; no modern drilling undertaken.
• CRITICAL MINERAL EXPOSURE – Antimony classed as critical mineral, with robust
demand and limited global supply growth leading to metal prices at historic highs
• HIGH-GRADE ANTIMONY IN ROCK CHIPS – Due diligence rock chip sampling and
mapping confirmed extremely high grades of Antimony in Au-Sb rich structurally controlled veins on the St George Mine, significant rock chips reported included;
• SG250704 returned 49.4% Sb and 0.05g/t Au
• HRX10212 returned 66.6% Sb and 0.01g/t Au
• HRX10086 returned 16.35% Sb and 10.1g/t Au
• HRX10161 returned 28.1% Sb and 0.01g/t Au
• HRX10208 returned 51.9% Sb, NSA for Au
• HRX10151 returned 8.82% Sb and 2.05g/t Au
• HERITAGE CLEARANCE COMPLETED – St George Mine heritage clearance now
completed and in excess of 500m of mineralised strike extent drill ready.
• MULTIPLE TARGETS – Multiple high-grade Gold and Antimony occurrences on extensive regional structures within the tenement package including Poppy Prospect located approx. 2km to the west of St George Mine reported up to 112g/t Au and 17.5% Sb2
• FIRST PASS EXPLORATION COMMENCING – Pacgold will immediately commence
exploration on the land package with first pass mapping, geophysics, soil geochemistry
and drilling to be planned and completed before end of Q4.

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Pacgold’s Managing Director, Matthew Boyes, commented:

“Securing the St George Gold-Antimony Project is an exciting addition to our Queensland exploration portfolio, giving Pacgold exposure to a highly prospective, historically mined antimony asset in close proximity to our flagship Alice River Gold Project.

“Antimony is a critical mineral with a growing demand profile and an increasingly sharp geopolitical importance due to a supply structure dominated by China.

 

“With the price of Antimony recently reaching US$60,000/tonne and the extremely high grades confirmed from due diligence sampling, there is potential to unlock significant value at this underexplored project through systematic exploration, which we will commence immediately across the multiple high-grade targets already identified.

“With heritage clearance recently completed by the Hardrock Team, we’re looking forward to working with the local stakeholders and traditional owners to create a partnership that benefits all parties as we move into full scale exploration.

 

“Pacgold remains committed to advancing its flagship Alice River Gold Project and is now adding the complimentary St George Project to the Company’s growth strategy.”
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To read the full news release, please click HERE

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Kaiser Reef (ASX:KAU)

Refers to its announcements released on 24 March 2025, 6 May 2025 and 11 August 2025 respectively titled “Investor Presentation” and retracts certain information contained within them, as well as  the Resource Life (M&I) statement of +10 years relating to Henty Gold Mine.

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Kaiser Reef Henty Gold mine, Tasmania – Credits Kaiser Reef

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Kaiser Reef Issue Clarification Statement

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ASX RELEASE I 22 AUGUST 2025
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Kaiser Reef Limited (ASX:KAU) (“Kaiser” or the “Company”) refers to its announcements released on 24 March 2025, 6 May 2025 and 11 August 2025 respectively titled “Investor Presentation” (‘Announcement’) and retracts the information included in slide 5 (24 March 2025 Announcement), slides 3 and 9 (6 May 2025 Announcement), slides 5, 9 and 12 (11 August 2025 Announcement) respectively and retracts the Resource Life (M&I) statement of +10 years relating to Henty Gold Mine does not meet the requirements of ASX Listing Rule 5.16.

Accordingly, the Company will not include information determined in this manner in future releases and investors are advised not to rely on the potential mine life information contained in the retracted statement for their investment decisions.

In addition, the Company refers to slide 13 (6 May 2025 Announcement) ,and slide 17 (11 August 2025 Announcement) respectively relating to an Exploration Target for the Maldon Gold Project (Union Hill Mine) and provides the following clarification:
Exploration Target: An Exploration Target is a statement or estimate of the exploration potential of a mineral deposit in a defined geological setting where the statement or estimate, quoted as a range of tonnes and a range of grade (or quality), relates to mineralisation for which there has been insufficient exploration to estimate a Mineral Resource.

The potential quality and grade of the Exploration Target is conceptual in nature and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

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Competent Person Statement

The information in this release that relates to the Exploration Target and Mineral Resources for the Maldon Gold Project were first released in the Company’s announcements dated 21 July 2022 and subsequently reviewed by Shawn Panton (B.Sc.(HONS)) (Geology), AIG. an employee of Kaiser Reef Limited.

Mr Panton has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Panton consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

Mr Panton holds securities in the Company. The Company confirms that it is not aware of any new information or data that materially affects the information included in the announcement and confirms that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed.

-ENDS

This announcement was approved for release by the Board of Kaiser Reef Limited.

For further information, please contact:

Jonathan Downes
E. jonathan.downes@kaiserreef.com.au

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To read the full news release please click HERE

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To View Kaiser Reef’s 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.

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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 Kaiser Reef. 

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To read our full terms and conditions, please click HERE

Project location map – Courtesy of Awalé Resources

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To read the full news release please click HERE

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Ora Banda Mining (ASX: OBM)

Produced an updated corporate presentation for the Diggers and Dealers mining Conference held in Kalgoorlie in early August.

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Site View – Courtesy of Ora Banda Mining

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Ora Banda Mining Diggers and Dealers Presentation

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Ora Banda Mining (ASX: OBM) produced an updated corporate presentation for the Diggers and Dealers mining Conference held in Kalgoorlie in early August.

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The presentation can be viewed HERE

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Catalyst Metals (ASX: CYL)

Reported recent drilling results from the Trident Gold Project, located on the Plutonic Gold Belt.

The results are from a drilling program targeting extensions of mineralisation outside of the Resource envelope.

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Catalyst Metals Mining, courtesy of Catalyst Metals

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Catalyst Metals Makes Further intercepts outside Trident’s Resource envelope

Catalyst Metals Limited (Catalyst or the Company) (ASX:CYL) is pleased to report recent drilling results from the Trident Gold Project, located on the Plutonic Gold Belt.

The results are from a drilling program targeting extensions of mineralisation outside of the Resource envelope.

Highlights

• Catalyst has drilled a number of significant intercepts outside the Trident Resource
envelope
• These intercepts suggest the Trident Resource will continue to grow, giving greater
confidence in Catalyst realising its 2Moz Reserve target* for the Plutonic Gold Belt
• Intercepts such as 22.0m at 5.2 g/t and 11m at 7.1 g/t situated 80m and 250m beyond
the Resource respectively, are encouraging signs of the deposit’s further potential
• Trident is a gold project lying 30km north-east of the underutilised, but operational,
Plutonic processing plant. The project is fully permitted with development underway
• It is the second largest Resource on the Belt and as such has the potential to
meaningfully change the Reserve mine life of the current operations
• In late January 2025, Catalyst began drilling the deposit in earnest. This resulted in the
recent release of an update to the 2023 Trident Resource. The updated 2025 Trident
Resource2 resulted in the following:
o 63% increase to the Resource, from 508koz to 795koz
o 43% increase in grade from 3.7 g/t to 5.3 g/t
o Indicated Resources growing from 257koz at 5.0 g/t to 527koz at 6.4 g/t
• Now Catalyst is releasing these recent drill results. These results lie outside this recently updated Resource estimate, indicating further increases to the Resource
o 22.0m @ 5.2 g/t o 9.1m @ 10.2 g/t o 9.3m @ 3.1 g/t
o 11.0m @ 7.1g/t o 5.0m @ 5.4 g/t o 9.0m @ 3.0 g/t
o 6.0m @ 4.5 g/t o 4.0m @ 6.9 g/t o 1.0m @ 24.5 g/t
• Encouragingly, each intercept lies on the same plane as the Trident Resource trend
• These results, with planned additional drilling, will target conversion of these new areas into an inferred Resource.

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Catalyst’s MD & CEO, James Champion de Crespigny, commented:

“The Trident gold deposit is growing quickly. Surface drilling allows this.

 

“We know from past drilling that the system is still alive 1km down. The results released here lie between the existing 795koz Resource, all of which sits within 400m from surface, and 1km.

 

“11m at 7.1 g/t is over 250m from the Resource envelope. Such encouraging intercepts, so far from the Resource, gives us considerable confidence in extending the current Reserves.”

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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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=======

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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 Catalyst Metals. 

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To read our full terms and conditions, please click HERE

Orla Mining  (TSX: OLA; NYSE: ORLA)

Announced that the U.S. Department of the Interior Bureau of Land Management (has published the Notice of Intent for the South Railroad Project.

South Railroad is located in Nevada, USA and forms part of the Company’s larger South Carlin Complex land package located on the prolific Carlin Trend.

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South Carling complex – Courtesy of Orla Mining

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Mining Review 17th August 2025

Equinox Gold started the sell off of non core assets, selling the Nevada located Pan and Gold Rock mines to Minera Alamos.

West Red lake Gold Mines reported high-grade gold intercepts at the Madsen mine in Red Lake.

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Equinox Gold Pan mine vista – Courtesy of Fiore Gold

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City Investors Circle Mining Review 17th August 2025

Equinox Gold started the sell off of non core assets, selling the Nevada located Pan and Gold Rock mines to Minera Alamos.

West Red lake Gold Mines reported high-grade gold intercepts at the Madsen mine in Red Lake.

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The price of lithum is rising strongly as China cuts back production to raise oversold prices by restricting supply.

  G Mining Ventures Reported Strong Q2 2025 Results

  Orla Mining Reported Q2 2025 Financial Results

  West Red Lake Gold Expanded the High-Grade Zone 36.85 g/t Au over 6.9m

  Barton Gold Began Diamond Drilling at Tolmer Discovery

  Equinox Gold Agrees to Divest Non-Core Nevada Assets for US$115 M

  Neometals Exited The Lithium Recycling Business

  Mining Review 10th August 2025

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Small events from our watchlist companies this week

Impact Minerals Interview with MD Dr. Jones

New Murchison Gold corporate presentation

Galiano Gold target price increased 25% by BMO analyst

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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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TZ mine Vista in Brazil – Courtesy of G Mining Ventures

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Equinox Gold (TSX: EQX)

Announced the sale of its 100% interest in the Pan Mine, Gold Rock Project, and Illipah Project located in Nevada, USA to Minera Alamos Inc. (TSXV: MAI)  for US$115 million, payable on closing.

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Pan Gold Mine, Nevada – Credits Fiore Gold

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Mining Review 10th August 2025

Donald Trump caused chaos in the gold market this week with an announcement to tariff gold imports into the USA.

Orla mining updated on the Camino Rojo mine pit wall collapse, and Ora Banda Mining announced a high-grade gold strike.

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Photo courtesy of Meeka Metals

City Investors Circle Mining Review 10th August 2025

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Mining Review 10th August 2025

Donald Trump caused chaos in the gold market this week with an announcement to tariff gold imports into the USA. This would impact Swiss refiners. An excellent synopsis can be read HERE.

This seems designed to hit Switzerland it what looks like a personal attack on the country, and at the time of writing the US government is stating it will issue an “clarification” soon.

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Orla mining updated on the Camino Rojo mine pit wall collapse, with a lowered productio guidance of 5% and a slight increase in AISC. It could have been worse!

Ora Banda Mining announced a high-grade gold strike, which did nothing to lift the depressed share price after the recent lowered production and costs guidance. They seem a hard to please bunch down under, OBM is trading at a tad over 50% from it’s high for a relatively small miss.

West Red Lake Gold Gold Mines gave out a decent update, but again did nothing to help a share price that lost momentum when the sad news of a fatality in the mine was released recently.

An interesting story to emerge from the Australian media is that Meeka Metals were knocked back in a bid to acquire New Murchison Gold.

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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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Caprice Resources (ASX: CRS)

Reported results from the final batch of 26 holes from its Phase 3 RC drill programme at the Island Gold Project (which returned further stand-out gold intercepts at Vadrian’s and successfully intercepted gold in newly identified zones within the broader 5km x 1km target area.

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Caprice Resources project map – Courtesy of Caprice Resources

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CAPRICE ANNOUNCE FURTHER HIGH-GRADES AND NEW MINERALISED ZONES CONFIRMED AT ISLAND GOLD

Caprice Resources Ltd (ASX: CRS) (Caprice or the Company) is pleased to report results from the final batch of 26 holes from its Phase 3 Reverse Circulation (RC) drill programme at the Island Gold Project (IGP, or the Project) which returned further stand-out gold intercepts at Vadrian’s and successfully intercepted gold in newly identified zones within the broader 5km x 1km target area.

All assay results from the 43 holes (7,024m) completed in Phase 3 have now been received, with this batch of high-grade intercepts extending the strike length at Vadrian’s to at least 350m and delineated new mineralised zones, all of which remain open at depth. Importantly, the results have increased confidence in the geological model and provide strong evidence that gold grades increase with depth.

The newly identified Condenser target reinforces the fertility of the corridor, with early-stage results comparable to initial shallow hits at Vadrian’s and follow up drilling planned to test its depth potential.

The IGP target corridor remains open along its 5km in length and 1km width, with drilling to date constrained to depths of less than 170 vertical metres below surface, leaving ample scope for the discovery of additional high-grade gold lodes at depth.

Caprice remains focussed on progressing toward delineating a maiden gold Mineral Resource Estimate (MRE) of grade, continuity, and scale at IGP. A fully-funded Phase 4 drilling programme, set to comprise 20,000m of air core, RC and diamond drilling, is currently scheduled to commence in September 2025.

FINAL PHASE 3 ASSAY RESULTS

Vadrian’s mineralised envelope:
• 10m @ 10.9 g/t gold from 123m downhole in 25IGRC051, including:
 1m @ 63.9 g/t gold from 126m downhole
• 9m @ 14.8 g/t gold from 154m downhole in 25IGRC054, including:
 1m @ 33.1 g/t gold from 159m downhole
• 5m @ 18.3 g/t gold from 180m downhole in 25IGRC049, including:

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Caprice CEO, Luke Cox, commented:

“The final batch of Phase 3 drilling has delivered our most impressive gold grades to date, returning equivalent grades of up to two ounces per tonne and confirming robust continuity across the Vadrian’s system.

 

“These results not only reinforce the high-grade nature of the mineralised zones, but also the potential for scale, with known gold mineralisation presently open in all directions.

“The identification of new gold lodes across the broader project area is also exciting, with results supporting the presence of stacked lodes and a large-scale mineralised corridor that continues to grow.

 

“These outcomes reinforce our strategic objective to rapidly define a high-grade, project-scale gold resource at the Island Gold Project, ideally located between two major regional processing hubs in the heart of the Murchison Goldfields.

“The Phase 4 exploration programme is now in advanced stages of planning and has been designed to build on the success of our previous drilling campaigns as we progress towards delivering a maiden MRE at IGP.

 

“This upcoming campaign will focus on extending known zones of high-grade gold mineralisation and further enhancing our geological understanding of the system.

 

“The combination of RC and diamond drilling is expected to provide the drill density required to support a robust resource model, while air core drilling will continue to test the broader IGP system for new discoveries.”

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To read the full news release please click HERE

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.To View Caprice Resources’ 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.

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 Caprice Resources

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Ora Banda Mining (ASX: OBM)

Provided an update on its continued exploration success at the Little Gem prospect.

Subsequent to the highly successful five hole drill program (Phase 1 drill program) at Little Gem which returned 22.7m @ 5.0 g/t and 10.9m @ 6.4g/t, Ora Banda committed to a 16-hole broad spaced diamond drilling program across Little Gem and Sunraysia.

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Ora Banda minesite – Credits Ora Banda Mining Ltd.

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HIGH GRADE, MULTI-LODE GOLD SYSTEM EXPANDED TO
OVER 1KM STRIKE AT LITTLE GEM

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Ora Banda Mining Limited (ASX: OBM) (“Ora Banda”, “Company”) is pleased to provide an update on its continued exploration success at the Little Gem prospect.

Subsequent to the highly successful five hole drill program (Phase 1 drill program) at Little Gem which returned 22.7m @ 5.0 g/t and 10.9m @ 6.4g/t, Ora Banda committed to a 16-hole broad spaced diamond drilling program across Little Gem and Sunraysia (Phase 2 drill program) to test the prospective carbonate horizons over 4.7 kms and down to a depth of 400 vertical metres below the surface.

The Phase 2 drill program is now complete with assays now having been returned.

Little Gem Highlights:

• 16 hole Phase 2 drilling program now complete with all assays returned
• Phase 2 drilling has confirmed a multi-lode gold mineralised system at Little
Gem, with high gold grades and large lode widths
• Significantly, Hole LGDD25008 returned 8.8m @ 6.3g/t at a depth of 320 metres
below surface. This hole is 400 metres north of LGDD25005 (22.7m @ 5.0g/t)
• Drilling has defined multiple lodes at the Little Gem prospect, with the Company
having modelled four of these, namely the Diamond Lode, Ruby Lode, Sapphire
Lode and the Tanzanite lode
• The LGDD25008 intersection shows that the prospective strike of a well-developed
high-grade shoot on the Diamond Lode is over 1,000 metres and remains open at
depth (See figure 3)
• Phase 3 follow up drilling program of 38 holes has commenced with two
diamond rigs and one RC rig currently active on the program. This drilling will
target multiple lodes of the Little Gem system from the surface down to 500
metres, with some deeper drill testing of the system down to 750 metres below
surface planned.

The Phase 2 drill program was planned as very broad spaced (400-metre section lines), earlystage drill testing of the greenfields potential of the Little Gem – Sunraysia system.

Excitingly the program has confirmed a multi-lode system displaying strong tenor with high gold grades and large lode widths at Little Gem. Mineralised shoot development and geometry is now becoming apparent, although exploration remains at an “early stage”.

Significantly for the Phase 2 program, Hole LGDD25008, on a 400-metre step out to the north of LGDD25005 (22.7m @ 5.0g/t) and targeting the Diamond Lode has returned 8.8m @ 6.3g/t at a depth of 320 metres below surface.

This intersection shows that the prospective strike of a well developed high grade shoot on the Diamond Lode has a potential strike length in excess of 1,000 metres and depth extents of at least 400 metres below surface.

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Ora Banda’s Managing Director, Luke Creagh, said:

“These results continue to expand the potential of Little Gem as a large-scale, high grade and multi-lode system.

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“These results demonstrate a potential strike length in excess of 1,000 metres and the system remains open at depth. 

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“The 38 hole Phase 3 program at Little Gem will provide significant drill coverage of the interpreted high-grade lodes to rapidly advance our understanding of the size and scale of the system”

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“The Little Gem trend is one of multiple drill programs we have commenced as part of the $73 million allocated to exploration and resource development drilling in FY26 and we are looking forward to results from all of these programs.”

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To read the full news release please click HERE

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Orla Mining (TSX: OLA; NYSE: ORLA)

Provided a status update on the recent pit wall event that occurred at its Camino Rojo Oxide Mine in Zacatecas, Mexico. 

Camino Rojo experienced an uncontrolled material movement on the north wall on July 23^rd resulting in no injuries or equipment damage.

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Orla Mining project panoramic view and location map – Zacatecas State, Mexico – Credits Orla Mining Ltd.

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Comment

Well I have to admit I’m happy and relieved with today’s news release and the small fall in share price.

It could have been worse, and to be honest I thought it might be.

The company have approached this in the right way, and been open and transprent with shareholders, which is the correct and professional way to handle such a situation.

Management deserve credit for their conduct throughout a tough few days in my opinion.