A busy Friday for small-cap mining news, led by a landmark planning approval for Strategic Minerals that clears the way for what it describes as Britain's biggest diamond drilling campaign in a century. Elsewhere, Amaroq announced plans to graduate from AIM to the London Main Market, while field and drill programmes advanced across multiple early-stage explorers.
Strategic Minerals secures planning for Redmoor diamond drill campaign
Strategic Minerals (AIM:SML) received planning permission for what it is billing as the largest diamond drilling campaign in Britain this century, targeting its Redmoor tin-tungsten project. The approval gives the company the flexibility to build on encouraging results already received and accelerate development at the site, according to Executive Director Mark Burnett. The shares rose 2.594% to 4.35p on the news.
Amaroq plots graduation to London Main Market
Amaroq (AIM:AMRQ) announced plans to move its listing from AIM to the London Main Market, a step the company said would enhance its visibility in capital markets, broaden access to institutional investors, and strengthen its platform as it pursues its growth strategy. The stock gained 3.91% to 87.8p following the announcement.
Richmond Hill Resources launches first fieldwork at Martello Project
Richmond Hill Resources (AIM:RHR) initiated its first field programme at the Martello Project, advancing targets that management said are ready for immediate fieldwork. Executive Chairman Hamish Harris described the programme as a direct progression of the most drill-ready targets identified to date. The shares slipped 3.636% to 1.325p.
Alien Metals mobilises drill rig for West Pilbara programme
Alien Metals (AIM:UFO) confirmed it has contracted a drill rig for an 8,300-metre programme at its Munni Munni and Whundo projects in Western Australia's West Pilbara region, with mobilisation scheduled for late July under the GreenTech drilling initiative. The company holds an interest in both projects. The stock fell 4.61% to 0.1097p.
Cobra Resources adds former Rio Tinto executive as strategic advisor
Cobra Resources (AIM:COBR) appointed Stephen McIntosh, a former Rio Tinto executive, as a strategic advisor. Managing Director Rupert Verco said McIntosh brings expertise spanning exploration discovery, project development, and technical innovation, and will advise the team on commercial strategy and project studies. The shares edged down 0.98% to 4.06p.
