A mixed session for mining equities, with a high-grade gold discovery at a Canadian exploration play and a landmark recycled-magnet supply deal providing the day's standout positives, while Endeavour Mining's definitive feasibility study for one of West Africa's most anticipated new projects sets the strategic tone. Bluebird Mining Ventures takes a sharp detour into bitcoin infrastructure, underscoring the breadth of activity across the sector.
Endeavour's Assafou DFS confirms 320koz annual output
Endeavour Mining (LSE:EDV) Published a Definitive Feasibility Study for its Assafou project in Côte d'Ivoire, confirming a production profile of 320,000 ounces per year And strong project economics. The study clears the path toward a final investment decision, which Endeavour is targeting before the end of 2026. Shares traded at 4,588p, down 3.25% On the day, though the DFS outcome represents a significant de-risking milestone for what is shaping up as one of the group's core next-generation assets.
Anglo Asian upgrades Gedabek to lift recoveries and margins
Anglo Asian Mining (AIM:AAZ) Outlined a programme of processing upgrades at its Gedabek and Demirli plants designed to improve metal recoveries and expand margins across its copper, gold and silver operations in Azerbaijan. The company is simultaneously advancing feasibility work at its Xarxar and Garadag prospects, positioning the pipeline for longer-term production growth. Anglo Asian shares rose 2.58% To 251.33p, reflecting market approval for the operational and development progress.
Mkango's HyProMag ships recycled magnets to Siemens
Mkango Resources (AIM:MKA) Reported that its HyProMag subsidiary has supplied recycled NdFeB magnets to Siemens, marking a significant commercial qualification milestone as the Tyseley Energy Park facility in the UK transitions from commissioning toward full commercial output. Production volumes and additional customer qualifications are building alongside the Siemens relationship, reinforcing HyProMag's position as a rare-earth magnet recycler of growing industrial relevance. Mkango shares climbed 4.43% To 48.875p.
First Class Metals hits 45 g/t gold at Sunbeam's Roy prospect
First Class Metals (AIM:FCM) Reported visible gold and a provisional photon assay result of 0.3 metres at 45 g/t From hole SUN-26-05 at the Roy prospect on its Sunbeam property in Canada. The result confirms a high-grade corridor within a mineralised structure now traced for more than 300 metres, a material step-change in the geological understanding of the project. Shares surged 20.95% To 2.298p On the back of what is a bonanza-grade intercept for a company of this scale.
Alt Resources raises £208,750 to fund Tartana reverse takeover
Alt Resources (AIM:ATM) Secured £208,750 In committed funding, split between £100,000 In direct subscriptions and £108,750 Of unsecured convertible loan notes, to advance a proposed reverse takeover of Tartana Minerals and support the company's planned admission to AIM. The fundraise provides the immediate working capital needed to progress the transaction toward completion, with AIM admission representing the key near-term catalyst for the group.
Greatland Gold to publish March-quarter report on 28 April
Greatland Gold (AIM:GGP) Confirmed it will lodge its Quarterly Activities Report for the March quarter on 28 April, accompanied by a live investor webcast and Q&A session. Shares were broadly flat at 754p, down 0.66%. The quarterly update will be closely watched given the company's ongoing operational and development activity across its portfolio.
Bluebird tumbles after pivoting into Texas bitcoin mining
Bluebird Mining Ventures (AIM:BMV) Struck a deal with Digital Carpenters to back a 4.8MW bitcoin mining project in Texas, completing an initial investment and securing an option to deploy approximately US$2.3 million Over three years. The company expects first revenues from the project within weeks. Shares were quoted at 0.11p, with the market registering clear scepticism approximately the strategic pivot away from conventional mining activity.
Andrada shifts investor presentation to suit North American holders
Andrada Mining (AIM:ATM) Revised the start time of its Investor Meet Company presentation, scheduled for 6 May, to 1:00 p.m. BST To better accommodate its North American investor base. Shares slipped 2.92% To 4.15p. The timing adjustment reflects the growing weight of transatlantic shareholders on the company's register.
