GreenRoc Mining plc has granted 300,000 share options at an exercise price of 10 pence over new ordinary shares to non-executive director (NED) Lars Brünner and independent NED Mark Rachovides. The company said that neither NEDs had previously been awarded share options. For each NED, 225,000 options are vested; 37,500 vest on 28 June 2023; […]
Tag: ilmenite
Kenmare Resources production falls in challenging Q1 at Moma mine
Kenmare Resources plc reported a “challenging” first quarter after operations were disrupted by severe lightning at the Moma titanium minerals mine in northern Mozambique. PRODUCTION The operator’s trading report for the quarter ending 31 March 2023 showed production of heavy mineral concentrate (HMC) decreased 18% to 315,000 tonnes (Q1 2022: 384,700t). Ilmenite production fell 20% […]
Lightning strike disrupts production at Kenmare Resources’ Moma titanium mine
Kenmare Resources plc’s is working to recover lost production after a lightning strike damaged power lines, “severely” disrupting operations at the Moma titanium minerals mine in northern Mozambique. GUIDANCE The company will try to recover lost production of heavy mineral concentrate but expects output of ilmenite and rutile to be at the lower end of […]
GreenRoc Mining’s spheronised graphite from Amitsoq tests 99.97% purity
GreenRoc Mining plc reported purity of 99.97%, exceeding electric vehicle industry requirements, from tests on spheronised graphite produced from its Amitsoq project in Greenland. ALKALINE TESTS Technical consultants ProGraphite GmbH conducted alkaline purification using sodium hydroxide to test a sample from the lower graphite layer (LGL), successfully spheronised last autumn. The purity requirement is 99.95% […]
Kenmare Resources lowers Moma ilmenite guidance after power grid outages
Kenmare Resources plc said that outages in the electricity transmission grid had resulted in lower guidance for ilmenite production at the Moma titanium minerals mine in northern Mozambique. GUIDANCE Moma contains deposits of heavy minerals which include the titanium minerals ilmenite and rutile, as well as the zirconium silicate mineral, zircon. In its Q3 2022 […]
GreenRoc requests reanalysis of drill results from TBS ilmenite project
GreenRoc Mining plc said that its request for additional analytical work would delay drill results from its Thule Black Sands ilmenite project in Greenland. RESOURCE CALCULATION The results, expected during August 2021, are now due at the end of November. “An upper screening of 1.0mm was initially employed, excluding significant mass of potentially ilmenite-bearing material,” […]