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Proactive weekly mining round-up including Noricum, Wolf Minerals, Goldplat, Amur Minerals...

Published: 03:47 31 Oct 2015 EDT

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Wolf Minerals’ (LON:WLFE) Hemerdon mine may soon be the largest tungsten producer outside of China and Russia, according to broker SP Angel.

Hemerdon only started production last month, but the current top Western producer, Cantung in Canada, is in the equivalent of administration and being wound down.

It was the big news in the mining sector this week, which included gold recovery specialist Goldplat (LON:GDP).

The company, which recovers gold from mining by-products, moved back into profit in its latest quarter as production recovered.

It posted operating profits of £571,000 from its recovery businesses, though the Kilimpesa mine posted another loss.

In other gold news, Medusa Mining (ASX:MML) is on track to meet its production target this year after a 19% rise in its first quarter to just shy of 35,000oz of gold.

The Philippines–based miner expects to produce between 120-130,000oz, versus 105,000oz, and repeated that with the latest numbers.

Royal Road Minerals (CVE:RYR) told investors it would discontinue operations in Turkey as it released the final results from its drilling at the Gömeç gold project.

The company says it intends to focus its activities on the La Golondrina project and Colombia more broadly.

Noricum Gold’s (LON:NMG) fieldwork at Bolnisi in Georgia has unearthed high grades in a number of trenches.

Samples ranged from 3.46 g/t to 7.79 g/t from outcrops that have been earmarked as potential starter pits over the next 12-18 months.

Amur Minerals’ (LON:AMC) Flangovy target at Kun-Manie should be amenable to underground mining, its recent in-fill drill programme has indicated.

The company has just finished its 2015 programme at Flangovy, one of its main deposits at the nickel prospect in Far East Russia.

In non-gold related news, African Potash (LON:AFPO) shares surged over 26% as its fertiliser trading ambitions were further boosted after it struck a deal with Ecobank Malawi.

The deal means in effect, payments from offtakers to the company will be guaranteed.

Finally, W Resources (LON:WRES) shares pushed higher as it unveiled a "significant" increase in resources at the Régua project in northern Portugal.

Notably, the higher confidence indicated resources now stand at 3.76 million tonnes at 0.304% tungsten trioxide - a 76% increase on the previous figure of 2.14 million tonnes at  0.367% WO3 from three years ago.

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