Lionsgold Limited (LON:LION) plans to invest ?1.2mln banking and compliance platform provider, Railsbank Technology Limited, in exchange for a 12.5% equity stake.
The gold miner has entered into a binding heads of agreement for the investment in Railsbank, which will go hand-in-hand with the development of its digital currency Goldbloc.
Under the proposed deal, Lionsgold will have exclusive access to Railsbank's banking platform for deposits tied to physical gold or gold derivatives for three years.
KEFI Minerals PLC (LON:KEFI) expects to start construction of its Tulu Kapi gold mine in Ethiopia in the second quarter of 2018.
A consortium compromising mining contractor Ausdrill, engineer Lycopodium, and the Ethiopian government is responsible for the infrastructure and building work.
Gervaise Heddle, Greatland Gold plc's (LON:GGP) chief executive, remains upbeat over the potential at its Ernest Giles project in Western Australia even though Newmont Mining (NYSE:NYM) decided to walk away.
Speaking to Proactive, Heddle said Newmont's decision was disappointing and surprising given the strength of the exploration results from the project.
What it does mean, he added, is that Greatland now has 100% of a highly prospective project and has received a 'whole bunch of new information essentially for free'.
Jubilee Metals Group PLC (LON:JLP) is to buy a stake in BMR Group PLC (LON:BMR), its joint venture partner in the Kabwe project Zambia.
The company will acquire a 29.01% holding in the enlarged issued share capital of BMR for ?500,000 in cash and 63,166,969 Jubilee shares worth ?2.3mln based on closing price of 3.65p each on 11 January.
The deal will raise Jubilee's effective interest in Kabwe to 57.41%, subject to its election to execute the project.
Richland Resources Ltd (LON:RLD) sold 278,270 carats of cut and rough sapphires produced from its Capricorn mine in Australia during the period from 4 November to the end of the year.
The sales generated US$183,399, in revenue and brought the total sales achieved in the fourth quarter of 2017 to just over US$545,000.
Zimbabwe-based gold miner Caledonia Mining Corporation PLC (LON:CMCL TSX:CAL) has racked up another record quarter at the Blanket mine.
Production at the 49% owned mine totalled 16,425 ounces of gold in the three months to December, 14% more than the previous quarter and 21% higher than a year ago.
For 2017 in total, production was 11% higher than the previous year at 56,135 ounces, which was just ahead of guidance and also a yearly record for Blanket.
Newmont Mining's (NYSE:NYM) involvement with Greatland Gold plc's (LON:GGP) Ernest Giles project in Australia is now over, but the work it undertook has left the project considerably better off.
Newmont undertook a Deep Sensing Geochemistry survey at Ernest Giles and defined a new large gold anomaly covering an area of approximately 5 kilometres by 1.5 kilometres untested by previous drilling.
This lies approximately 1 kilometre to the north of Greatland's previous drilling, a perfect jumping off point for further work.