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SRK Consulting News

Development activities under way at Lithium X’s Sal de los Angeles project

21st July 2016 Several development activities are under way at TSX-listed Lithium X’s Sal de los Angeles lithium brine project, in Argentina’s Salta province, following the appointment of Eduardo Morales as COO and Andres Barrientos as project GM. The lithium development company has initiated several pump... 

Bacanora moves headquarters to UK, advances Sonora DFS

7th July 2016 Mexico-focused lithium developer Bacanora Minerals on Thursday announced it would re-domicile from Canada to the UK. The company said its Aim listing garnered more investor interest, as demonstrated by the addition of two significant institutions to its shareholder register in the last eight... 

Aureus temporarily suspends New Liberty gold plant operations

10th May 2016 Gold processing operations at dual-listed Aureus Mining’s New Liberty mine, in Liberia, have been temporarily suspended owing to problems with the detoxification circuit in the process plant. The gold miner on Tuesday said the detoxification circuit had not been operating to original design... 

Aureus kicks debt-repayment can further down the street

2nd May 2016 The group of lenders to West Africa-focused project developer Aureus Mining has agreed to extend the first debt repayment of $3.1-million, due under a senior facility, for another month. The payment was initially due on January 31, but was deferred to April 4, April 29 and now to May 31. 

Denison reports strong returns on Wheeler River project at current prices

6th April 2016 TSX- and NYSE MKT-listed Denison Mines has reported a strong pre-tax internal rate of return (IRR) of 20.4% at current uranium prices on its 60%-owned Wheeler River project, including a net present value (NPV) on a 100% basis of C$513-million, according to a preliminary economic assessment (PEA)... 

Aureus granted more time to repay New Liberty debt

5th April 2016 TSX- and Aim-listed Aureus Mining has received approval from its lenders to further defer the first $3.1-million debt repayment due under a senior facility to April 29. The payment was initially due on January 31, but was deferred to April 4.