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Akobo’s hits visible Gold at new Record Depth

Akobo Minerals today announced that it has intersected visible gold at 282 metres vertical depth, as well as seeing signs of further potential gold mineralisation in several sections along this latest hole. All indicators point to a belief that the Segele mine can be sustained for much longer than previously envisaged.

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Petropavlovsk PLC - New CFO

The Board of Directors of Petropavlovsk PLC announced the appointment with immediate effect of Mr Stanislav Ploshchenko as the Group's Chief Financial Officer, based in Moscow.

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Epiroc wins large Equipment Order for Greenfield Mine in Canada

Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has won a large order for surface mining equipment from Iamgold Corp. in Canada that will optimize safety and productivity through advanced automation. The machines will be used in production at a greenfield gold mine currently under construction.

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Endomines AB reports Appointment of interim CEO

Endomines AB started the recruitment for a permanent CEO in the summer 2021 after Marcus Ahlström, Interim CEO and CFO of the company had informed the Board that he will be stepping down in October.

The recruitment process has proceeded very well and as planned. The company anticipates being able to appoint the new permanent CEO in the beginning of 2022.

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Fosterville South Announces ongoing Drilling at Reedy Creek Goldfield within the Providence Project

Fosterville South Exploration Ltd. report on ongoing drilling activities at the high-grade Reedy Creek goldfield within the Providence Project in Victoria, Australia.

The Reedy Creek goldfield occurs in the Melbourne Zone and has a history of gold production from epizonal quartz veins, despite no drilling within the central goldfield apart from two vertical drill holes completed in the mid 1890s.

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Investment in Expansion of Boliden Kristineberg in Sweden

Boliden has decided to invest SEK 1,250 m in expanding the Kristineberg mine towards the Rävliden mineralization. Most of the investment is conditional on a permit being received for an increase in production. The expansion is expected to contribute to an increase in milled volumes in the Boliden Area to 1.8 Mt.

“This is a very important step in future-proofing the entire Boliden Area. The expansion and modernization of the mine will take place in several stages, during which we will, of course, also evaluate opportunities for employing fossil-free technology. In parallel, we will continue with exploration efforts in the area,” says Stefan Romedahl, President of Business Area Mines.

Boliden has submitted an application for expanded production at the Kristineberg mine to the Swedish Land and Environment Court. At the same time, it has been decided to make preparatory investments in, among other things, infrastructure and water treatment. Conditional on the application being approved, Boliden will complete the investment, which includes a new ramp and a new crushing station. The investment amounts to SEK 1,250 m and production is expected to start in 2023. A completed expansion will mean, in addition to increased mine production, that the life of the Kristineberg mine will be extended and that capacity utilization in the Boliden Area’s concentrator will be improved.

Completed exploration of the Rävliden mineralization has resulted in 8.4 Mt of inferred and indicated mineral resources, with the possibility of additional reserves. The deposit contains copper, zinc, lead, silver and gold.

Source: Boliden

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