Mining Roundup

Firestone Diamonds (LON:FDI) has confirmed that all major construction activities are now complete at its Liqhobong diamond mine in Lesotho.

Mining activities have started and commissioning of the processing plant is now in the final stages.

Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho.

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Central Rand Gold (LON:CRND) has agreed to acquire mine waste dump material near the company's metallurgical plant.

The mine waste dumps are jointly owned by a South African company and its Black Economic Empowerment partner.

The vendor has also submitted the requisite mining right applications over the various mine waste dumps which are approximately 10km, via sealed roads, from CRG's metallurgical plant. The mine waste dumps are a result of mining operations that took place in the area in the late 1890s.

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Stellar Diamonds (LON:STEL) non-executive director Luis da Silva has resigned with immediate effect. da Silva will be stepping down to focus on his role as chief executive of GB Minerals Ltd as it debt finances and advances the Farim phosphate project in Guinea Bissau into development and production.

Stellar chairman Lord Daresbury said: "Luis's knowledge and experience of exploration in West Africa has been invaluable to Stellar and as a founding director he has been a great support to the Company since its inception as it has advanced to the stage of mine development on the Tongo project in Sierra Leone. I would like to thank him for all he has done for Stellar and wish him well for the future."

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Scotgold Resources (LON:SGZ) said it is pleased with the preliminary results of the bulk-processing trial and in particular the potentially positive implications for the future development of Cononish.

"We look forward to completing the technical work streams underway to incorporate the opportunities identified into a revised development plan and assessing their economic impact," it said in a statement.

"We also look forward to achieving our first sales of Scottish Gold at a premium to spot price before the end of this year."


- 870 t (wet) ore processed

- 8g/t Au feed grade

- 10 t (wet) pyrite concentrate produced containing approx. 200g/t Au

- 200kg (wet) galena concentrate produced containing approx. 9,000g/t Au

- 530g gold dore produced

- 62% Au overall recovery from BPT, with balance remaining in tail for future further processing.

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Galantas Gold Corporation (LON:GAL) intends, via a Northern Ireland subsidiary, to bulk sample the Kearney stringer vein on its Omagh gold property.

Grab samples earlier reported (7th September 2016) from the stringer vein ranged from 52.9g/t gold to 6.2 g/t gold.

The bulk sampling operation is designed to comprehensively assess the length, width and gold grade of the gold stringer at surface and it is expected to extract the sample and restore the surface within a four month period.

Drill core H159 (reported 24 August) intersected 1 metre of mineralisation grading 5.7g/t gold and 6.2g/t silver, some 50 metres vertically below the earlier reported grab samples and 11 metres south from the planned underground development decline.

The bulk sample material will be assessed within the existing processing plant to provide data to assist the determination of commerciality of underground mining of the stringer vein.

The processing of ore earlier in the development program than previously considered may have positive cash flow implications.

Galantas also says it has been advised that the judicial review of its planning consent has been listed for continuation of the hearing on 6-8 December.

At 4:11pm:

(LON:BEM) Beowulf Mining PLC share price was 0p at 5.5p

(LON:BKY) Berkeley Energia Ltd share price was -1p at 52p

(LON:CEY) Centamin PLC share price was -2.9p at 144.9p

(LON:CHL) Churchill Mining PLC share price was -0.13p at 30.5p

(LON:CRND) Central Rand Gold Ltd share price was +0.08p at 1.33p

(LON:CZA) Coal of Africa Ltd share price was -0.17p at 2.88p

(LON:FDI) Firestone Diamonds PLC share price was +3p at 52p

(LON:FRES) Fresnillo PLC share price was -55.5p at 1619.5p

(LON:GAL) Galantas Gold Corporation share price was 0p at 8.5p

(LON:GEMD) Gem Diamonds Ltd share price was -1.75p at 121.25p

(LON:HOC) Hochschild Mining PLC share price was -11.7p at 248.3p

(LON:KMR) Kenmare Resources PLC share price was +1.5p at 335p

(LON:SGZ) Scotgold Resources Ltd share price was +0.01p at 0.58p

(LON:VED) Vedanta Resources PLC share price was -2p at 615.5p