- Bezant [LON:BZT] was the sector's biggest riser in late trading after it confirmed that initial gold and platinum has been recovered via its exploration processing plant on site at the FKJ 083 licence area in the Choco Province of Colombia.

Bezant holds options over an approximate 2,600 hectare land package on the Choco Platinum and Gold Plateau in Colombia and is applying modern mining techniques and processes to seek to create a low-cost, at surface, gold and platinum production portfolio.

The company's mining contract partner in Colombia, Exumax SAS is now processing large-scale exploration samples of alluvial material through the onsite exploration laboratory, established at the project's campsite.

To date, 22 test pits have been excavated at the FKJ-083 licence area to depths from 4 to 12 metres. A total of 95 individual samples of between 0.25 and 1.0 loose cubic metres (LCM) have been extracted from the 22 test pits to date.

Visible gold and platinum have been observed in the final sample concentrates. The selected sample concentrates will shortly be sent to an independent laboratory for assaying to verify the gold and platinum grades.

The main objective of the current phase of exploration and sampling is to enable the correlation with historic production results and to assess the economic feasibility of rapidly developing a full production operation at the site during 2017, using a low capex, alluvial dry mining plant.

* * *

Churchill Mining [LON:CHL] says the the ICSID Secretariat has today informed the parties that it expects the three-day advance notice of the issuance of its decision to be given this week. The company will provide a further update as soon as it receives the three-day notice from the ICSID tribunal.

* * *

Trans-Siberian Gold [LON:TSG] has resolved to pay a special dividend equivalent to 5 US cents a share, totalling about US$5.5 million.

* * *

Anglesey Mining [LON:AYM] has raised £310,200 through the issue 12,000,000 new ordinary shares, representing approximately 6.95% of the company's enlarged issued share capital, at 2.585p apiece.

The proceeds will be used for project development of its 100% owned Parys Mountain zinc-copper-lead deposit in North Wales and for general working capital.

* * *

Petropavlovsk [LON:POG] has received approvals for the refinancing of the group's entire bank debt totalling US$529.8 million with the lending banks, Sberbank (75% of total bank debt) and VTB (25% of total bank debt).

The approved terms include a revised maturity profile from May 2018 to September 2022 (inclusive of option to extend the 2019 maturity payment to 2022 upon certain conditions being satisfied) and effective average interest rate of c.8%.

Petropavlovsk says the extended maturity profile of borrowings is now successfully aligned with the company's production profile, expected cash generation and growth capital expenditure plans.

* * *

Gemfields' registered office address has changed from 23 King Street, London, SW1Y 6QY to 1 New Burlington Place, Mayfair, London, W1S 2HR with immediate effect.

* * *

Metminco Ltd [LON:MNC] advises that the Miraflores Gold Project Feasibility Study has commenced and is anticipated to be completed during the first half of 2017.

GR Engineering Services Limited (GRES), a Perth, Australian based engineering, consulting and contracting company specialising in fixed price engineering design and construction services to the resources sector has been appointed to manage the Feasibility Study.

GMI, an arm of the Peruvian based Grana y Montero Group engineering and construction company, has been engaged to provide engineering design services to GRES.

Dynami Geoconsulting (Dynami), which is based in Medellin, Colombia will provide environmental and geotechnical engineering and design, including the completion of the baseline environmental monitoring and geotechnical design for the plant and infrastructure.

The Scoping Study, announced in September 2016, indicated that development of a standalone underground operation with a filtered tailings system would significantly reduce the surface footprint compared to the previously proposed operation, as the latter provided waste dumps, low grade stockpile dumps, a slurry tailings facility and a large open pit.

It is expected that the changes to the proposed surface infrastructure will facilitate the completion of the EIA process. Since the completion of the Scoping Study additional work in relation to infrastructure has identified significant potential savings in the area of water management and power access.

At 3:54pm:

[LON:AYM] Anglesey Mining PLC share price was +0.38p at 3.63p

[LON:BEM] Beowulf Mining PLC share price was 0p at 5.38p

[LON:BKY] Berkeley Energia Ltd share price was -0.5p at 46p

[LON:BZT] Bezant Resources PLC share price was +0.67p at 2.25p

[LON:CEY] Centamin PLC share price was +0.65p at 130.65p

[LON:CHL] Churchill Mining PLC share price was +4.63p at 37.63p

[LON:CZA] Coal of Africa Ltd share price was -0.25p at 3.6p

[LON:FDI] Firestone Diamonds PLC share price was +0.25p at 50p

[LON:FRES] Fresnillo PLC share price was -23.5p at 1210.5p

[LON:GEMD] Gem Diamonds Ltd share price was +1.38p at 105.13p

[LON:HOC] Hochschild Mining PLC share price was +2.95p at 219.15p

[LON:KMR] Kenmare Resources PLC share price was -2.5p at 247.5p

[LON:POG] Petropavlovsk PLC share price was +0.42p at 7.24p

[LON:TSG] TransSiberian Gold PLC share price was +5p at 43.5p

[LON:VED] Vedanta Resources PLC share price was -12.25p at 847.75p

Story provided by