Mining Roundup

Greatland Gold plc (LON:GGP) says drilling has commenced at its Warrentinna project in Tasmania, Australia.

The current drilling programme includes plans for six angled reverse circulation (RC) drill holes each to a depth of 100 metres, for a total of approximately 600 metres of RC drilling. The programme will test for extensions to mineralisation at Derby North and test for mineralisation below historic workings in the Golden Mara area.

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Churchill Mining (LON:CHL) says the company has not yet received the ICSID tribunal's decision or award, nor notice of when the decision or award will be issued. The company has written to the ICSID Secretariat to request an update and will revert with further information as soon as possible.

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Scotgold Resources Ltd (LON:SGZ) today held a successful auction in Edinburgh of Scottish gold; gold mined and processed at its Cononish gold and silver mine near Tyndrum.

This is the first gold ever mined commercially in Scotland and averaged s £4,557.9 per ounce, a premium of 378% over the current spot price of £953.

The gold was sold in the form of 'rounds', each stamped with the Scottish Gold Mark of the stag's head and bearing a unique serial number corresponding to a chain of custody system certified by the Edinburgh Assay Office.

The gold rounds have been minted by Baird & Co Bullion Merchants and the sealed bid auction was supervised by the accountancy and business advisory firm Scott-Moncrieff, with consultancy firm The Dragonfly Initiative managing the marketing of the gold pieces.

Chief executive Richard Gray said: "This unique and historic event is the first demonstration of our ability to attract a premium for Scottish Gold. The next opportunity to show the continued support for this precious metal from the Highlands will be the conclusion of agreements with members of the Scottish jewellery trade, who appreciate the value that can be added to their products by the proven provenance of the stag's head Scottish Gold Mark. We expect to release news of these sales in the new year."

At 4:27pm:

(LON:AAU) Ariana Resources PLC share price was +0.03p at 1.68p

(LON:BEM) Beowulf Mining PLC share price was +0.13p at 5.38p

(LON:BKY) Berkeley Energia Ltd share price was 0p at 46.5p

(LON:CEY) Centamin PLC share price was -1.85p at 129.75p

(LON:CHL) Churchill Mining PLC share price was +0.38p at 33.25p

(LON:CZA) Coal of Africa Ltd share price was +0.21p at 3.85p

(LON:FDI) Firestone Diamonds PLC share price was 0p at 49.75p

(LON:FRES) Fresnillo PLC share price was -45.5p at 1232.5p

(LON:GEMD) Gem Diamonds Ltd share price was +2.88p at 103.88p

(LON:GGP) Greatland Gold PLC share price was +0.02p at 0.17p

(LON:HOC) Hochschild Mining PLC share price was +0.7p at 216.2p

(LON:HZM) Horizonte Minerals PLC share price was 0p at 2.4p

(LON:KMR) Kenmare Resources PLC share price was -2.25p at 247.5p

(LON:SGZ) Scotgold Resources Ltd share price was +0.02p at 0.62p

(LON:VED) Vedanta Resources PLC share price was -8.75p at 859.25p