First results outline broad base, precious and pathfinder element halo centred around newly modelled bedrock conductor Meridian Mining SE today provides an exploration update on its Espigão Polymetallic Project . Following the resumption of field activities in mid-August, a total of 779 soil samples have now been collected on a broad reconnaissance grid on licence 886303/2009 in the NW quadrant of the project area . The [...]
Strong community support for exploration and mining in a well-serviced region Meridian Mining SE today announces that it successfully mobilised and completed its first site visit to the Cabaçal Copper-Gold Project , in the state of Mato Grosso, Brazil . The site visit was attended by four members of Meridian's operational, environmental, administrative and ESG team. The project's tenements span five different [...]
Due diligence commences on extensive technical database Meridian Mining SE today announces that it has commenced due diligence on the Cabaçal Copper-Gold Project , in the state of Mato Grosso, Brazil , following the first payment of the staged option agreement1. Initial reviews are focussed on the extensive diamond drill hole database to confirm Cabaçal's prospectivity. This has already generated indications that the main [...]
Extensive open Copper-Gold project in the state of Mato Grosso, Brazil secured Meridian Mining S.E. today announces that it has signed an option agreement to acquire a 100% beneficial interest in the Cabaçal Copper-Gold Project , in the state of Mato Grosso, Brazil, located 330km west of Cuiabá , for a total consideration of USD 8.75 M and 4.5 M Meridian shares from two private Brazilian companies Prometálica Mineração [...]
Meridian Mining SE is pleased to announce plans to reinitiate exploration programs in August following the successful $3.5M capital raising. Meridian has a portfolio of advanced exploration and resource development projects in the state of Rondônia, Brazil, comprising three hubs: The Espigão Project, focussed on exploration for copper-gold mineralization Mirante da Serra, a resource definition project for sediment-hosted [...]
Meridian Mining is pleased to announce the assay results from six manganese oxide samples taken from the Mirante da Serra sedimentary hosted manganese project and analysed by ALS laboratories. The samples were split from a 110kg batch of manganese oxide concentrate collected for a market scoping exercise, with duplicate samples sent to historical and interested clients of the Mirante mineralization. Highlights of the [...]
Meridian Mining is pleased to announce that it has issued 11,869,142 common shares for the repayment of C$16,669,531 of Company debt. 5,958,540 common shares have been issued to Sentient Global Resource Fund IV L.P for the payment of C$14,896,350 and 5,910,602 common shares have been issued to The Sentient Group's nominees for the repayment of C$1,773,181. As part of the now completed corporate restructure and related [...]
Meridian Mining SE is pleased to announce that with the successful closure of the recent C$3.5M capital raise 1 Dr. Adrian McArthur will now assume the previously announced 2 roles of Chief Executive Officer & President and will joined the Board of Directors of Meridian. At the same time, Mr Gilbert Clark will step down from the Interim CEO role but remain a Director of the Company. Also, as Sentient Global Resource Fund [...]
Meridian Mining SE is pleased to announce that it has closed its previously announced non-brokered private placement1 of 46,766,666 units at a price of C$0.075 per Unit, for gross proceeds of C$3,507,499.95. The Units consist of a common share and a non–transferable common share purchase warrant. Each Warrant will entitle the holder to purchase one additional Common Share for a period of 24 months from closing at a price [...]
Meridian Mining SE today announces that it has agreed with its major shareholder Sentient Global Resources FIV L.P. a long term pathway forward for the Company. Meridian and Sentient have agreed that to provide the maximum exposure to future growth of the Company for incoming investors, Sentient will return approximately 95% of its shareholding, for no cash consideration to treasury and that these shares will be then [...]
Meridian Mining SE today announces that the ANM has approved a trial mining licence on Jaburi licence 886643/2008 at the Espigão Project. Guia n° 48/2019 was approved for the production of 30,000t of Manganese oxide concentrate per annum, and is valid until 13/09/2021. The notice of approval was published in the Diário Oficial da União on the 23 December 2019. Highlights of Jaburi license It's one [...]
Meridian Mining today announced it has increased the loan facility from Sentient Global Resources Funds IV, L.P. originally made on August 17, 2018 . The Lender has agreed to increase the non-arm's length loan facility by US$1,550,000 for an overall principal amount of US$6,750,000. All other terms remain the same. The loan bears interest at a rate of 10% per annum and matures on March 31, 2020. As the Lender is [...]
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