A busy session for mining news was headlined by a landmark resource update from Greatland Gold, whose 240,000-metre drilling campaign at Telfer delivered a 62% jump in group reserves to 5 million ounces of gold. Elsewhere, Andrada Mining posted record tin output and a tungsten processing breakthrough, Savannah Resources cleared a Portuguese legal hurdle to restart lithium fieldwork, and Fulcrum Metals locked in a US$20 million royalty deal for its Ontario gold tailings project.
Greatland Gold reserves jump 62% to 5 million ounces after Telfer drilling
Greatland Gold (AIM:GGP) delivered a major resource milestone after a 240,000-metre drill campaign drove a 150% increase in Telfer's ore reserve, lifting the group's total gold reserves to 5.0 million ounces. The update represents a 62% increase at the group level and cements Telfer's position as the cornerstone of Greatland's asset base. Shares eased 2.25% to 629.5p on the day, a modest pullback against the scale of the announcement.
Andrada Mining hits record tin output as tungsten ore-sorting clears 90% mass reduction
Andrada Mining (AIM:ATM) reported its highest-ever quarterly tin production for the three months to 31 May, while results from ore-sorting trials at its Brandberg West tungsten asset pointed to a materially lower-cost development path. The ore-sorting process achieved a 90% mass reduction, a result that significantly improves the economics of bringing Brandberg West into production. Shares rose 4.67% to 3.925p.
Savannah Resources restarts Barroso fieldwork after Portuguese court injunction lifted
Savannah Resources (AIM:SAV) resumed fieldwork at the Barroso lithium project in Portugal after the State overruled a court injunction that had briefly suspended land access at what is considered Europe's largest spodumene lithium deposit. The lifting of the measure clears Savannah to complete the final phase of pre-construction fieldwork without further legal interruption. Shares added 2.79% to 6.27p.
Fulcrum Metals signs US$20 million royalty deal with Chancery Royalty for Ontario gold project
Fulcrum Metals (AIM:FMET) agreed a non-binding term sheet with Chancery Royalty under which Chancery would acquire a 5% net smelter return on gold output from Fulcrum's Teck-Hughes tailings project in Ontario for US$20 million. The deal is accompanied by a £200,000 equity subscription from Chancery. Shares gained 2.52% to 8.33p.
Ferrexpo extends cash runway past August with vessel sale
Ferrexpo (LSE:FXPO) sold a transhipping vessel for $7.7 million, extending its cash runway beyond the end-of-August deadline it had previously flagged to investors. The Ukrainian iron ore producer continues to operate under significant constraints tied to the ongoing conflict, and the vessel disposal provides a near-term liquidity buffer as it manages its balance sheet. Shares were flat at 28.58p.
Amaroq launches first 2026 drilling at Ilua rare earth prospect
Amaroq (AIM:AMRQ) commenced its first exploration campaign of 2026 at the Ilua pegmatite-hosted rare earth prospect in South Greenland, where surface samples have previously returned grades of up to 2.3% total rare earth oxides. The drill programme marks Amaroq's initial systematic test of a target that has shown meaningful surface-level mineralisation. Shares rose 1.2% to 84.0p.
Gunsynd flags high-grade gold and visible gold at Manitoba's Barb Project
Gunsynd (AIM:GUN) reported high-grade grab sampling results from both target areas at its Barb Project in Manitoba, with visible gold confirmed at the Lotus showing. The results add to the geological case for the project ahead of further work. Shares slipped 4.76% to 0.1p.
Unicorn Mineral Resources identifies five drill targets at Kilmallock zinc project
Unicorn Mineral Resources (AIM:UMR) completed 3D inversion modelling of its 2024 gravity survey at the Kilmallock zinc project in Ireland, identifying five discrete anomalies linked to fault structures. The company has begun an extended 340-station gravity survey before committing to drilling. Shares fell 3.33% to 7.25p.
Firering lifts Limeco stake to 45% as Kiln 3 commissioning nears
Firering Strategic Minerals (AIM:FRG) exercised the final tranche of its option over Zambian lime producer Limeco, raising its stake to 45%. A third kiln is expected to be commissioned in mid-July, adding production capacity at the operation. Shares edged up 1.11% to 0.91p.
New Frontier Minerals to test 40 untouched prospects at Harts Range in July
New Frontier Minerals (AIM:NFM) plans to return to its Harts Range rare earths and niobium project in Australia's Northern Territory next month, with 40 of 46 priority targets still undrilled. The July field programme will focus on advancing the untested prospects as the company works to build a fuller picture of the project's potential. Shares were unchanged at 0.375p.
Blencowe Resources secures 100-acre Uganda site for graphite downstream processing
Blencowe Resources (AIM:BRES) took an option to purchase a 100-acre site near Gulu in Uganda, intended as the future base for higher-value downstream graphite product operations. The site acquisition is part of Blencowe's strategy to move up the graphite value chain beyond raw concentrate. Shares rose 2.67% to 7.7p.
Talon Resources launches Eagle Lake fieldwork with Q4 drill campaign targeted
Talon Resources (AIM:TAR) began Phase 1 channel sampling and prospecting across eight target areas at its Eagle Lake gold project in Ontario, with a maiden 2,000-metre drill campaign planned before year-end. The field programme represents the first systematic ground work at the project since Talon's listing on AIM. Shares were broadly flat at 1.2775p, up 0.2%.
