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AFEThu, 21st Mar 2019 10:49
Mining company African Eagle Resources has announced strongly positive metallurgical test work results for its flagship Dutwa Nickel Project in Tanzania. The results, which have come in ahead of expectations laid out by studies in 2011, offer "a high potential" for improvements to both the project
Read moreMariana Resources the minerals developer has reported positive results from a drill campaign at its Las Calandrias gold-silver project in the Santa Cruz province in southern Argentina. Of the 21 holes drilled, 13 provided what the company described as 'significant intersections'. Nickel developmen
Read moreEdenville Energy, the African coal exploration and development company, reported promising tests at its Namwele mine in Tanzania. The firm said initial drilling and sampling confirmed the presence of coal bearing strata extending out along strike from previous workings and occurring at depth. The fi
Read moreAIM-listed Africa-focused nickel miner African Eagle Resources has today announced the selection of what it considers to be the quickest and most cost efficient metallurgical process -atmospheric tank leaching- for its flagship Dutwa nickel oxide project in Tanzania. The above is an integral part
Read moreShares in African Eagle Resources rose after the firm's joint venture partner BrightStar Resources announced high grade gold results from its drilling programme at Miyabi gold project in Tanzania. The results represent a new high grade zone with untested strike potential of more than 1km. Many of t
Read moreAfrican Eagle, a penny stock that has paid off in spades for those who took a chance on it, saw its loss before tax contract in 2010, largely as a result of a lower impairment charge relating to deferred exploration expenditure. The early stage nickel miner's loss before tax subsided to £1.03m in 2
Read moreAfrican Eagle's £3.7m placing at 15.5p a share was oversubscribed by new and existing institutional shareholders, the company said Friday. Chairman Euan Worthington said the firm, which is pinning its hopes on the Dutwa nickel project in Tanzania, had enough cash to complete a pre-feasibility study
Read moreAfrican Eagle Resources has announced a resource upgrade at its Dutwa nickel project in Tanzania that moves more than three quarters of the Wamangola resource into the indicated category. Some 47% of the total Dutwa resource is now in the JORC indicated category - 46.2m tonnes (Mt) at 0.93% nickel
Read moreAfrican Eagle is up again as a new economic model for the Dutwa nickel project in Tanzania turned out to be a "significant" improvement over the results of the scoping study 18 months ago. Independent Perth based consultant Simulus gives a pre-tax net present value (NPV) of US$650m at a discount ra
Read moreTowerBrook Capital Partners has decided not to bid for nursing homes operator Southern Cross Healthcare. TowerBrook made what was described as "a highly preliminary proposal" in August. Southern Cross says that other parties have approached it and discussions are continuing. Full year figures will b
Read moreLatin America-focused oil company PetroLatina has had its commerciality application for the Colon field in Colombia formally approved by the hydrocarbon regulatory agency, giving the green light to a 24-year commercial production period. Gross production in the 10 months to 31 October rose to 562,1
Read moreAfrican Eagle attracted attention Thursday after announcing a 13% rise in contained nickel metal to 917,000 tonnes at its Dutwa project in Tanzania. An independent report by geological contractor Snowden Mining also found a 6% increase in the average grade to 0.93% nickel. "The new deposit model
Read moreBritish Satellite Broadcasting (BSkyB) was in focus Tuesday, climbing more than 16% to help Footsie to a higher finish after an offer from News Corp. News Corporation, the vehicle of media magnate Rupert Murdoch, is fed up being a 39.1% minority shareholder in BSkyB and wants to gain full control o
Read moreDow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps GMA RESOURCES PLC (GMA.LN), a gold miner, Tuesday said it is in talks with a potential provider of new equity capital. The company said it expects to
Read moreShares have largely moved sideways in the afternoon session, with the sharp rise by British Satellite Broadcasting (BSkyB) more than offsetting the loss on BP, which is once again featuring high on traders' sell lists after ratings agency Fitch downgraded the oil giant's credit rating. News Corpora
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