Cornwall Resources Ltd has signed an initial five-year memorandum of understanding for tungsten from its Redmoor project with nuclear fusion technology company Oxford Sigma Ltd. DOMESTIC SUPPLY The two companies will collaborate to explore, develop, promote and secure “critical mineral supply pathways for tungsten” from the east Cornwall deposit to supply the fusion industry. Peter […]
Author: editorial
IOG appoints administrators
IOG plc has appointed administrators while its nominated adviser and broker has resigned. NEGOTIATIONS The company operates the Saturn Banks gas project in the southern North Sea as well as incremental assets of P2442 and P2589 and prospects in undeveloped clusters. Since 2022, IOG has faced rising costs and from June 2023 has agreed successive […]
GreenRoc finance director Jim Wynn leaves and Andrew Panteli becomes NED
GreenRoc Mining plc finance director Jim Wynn is leaving the post to focus on his other existing management positions. The company has appointed Ben Proffitt of Silvertree Partners LLP to its senior management team to oversee finance following Mr Wynn’s departure. “The board and I would like to thank Jim Wynn for his important […]
Cornish Lithium finishes 13,000m drilling for revised MRE
Cornish Lithium plc completed more than 13,000 metres of resource evaluation drilling at the end of September at its Trelavour hard rock project. DEMONSTRATION PLANT The company is in the final stages of appointing consultants to produce a revised mineral resource estimate which will feed a feasibility study expected in early 2024. A tender process […]
Karelian completes pitting programme in Kuhmo
Karelian Diamond Resources plc has completed a pitting programme on more than 20 previously identified kimberlite targets in the Kuhmo region of Finland. GLACIAL TILL The targets extend over 23 locations from where glacial till samples for kimberlite indicator mineral testing were collected. The company said that the bedrock reached in eight of the locations […]
South Crofty drill samples tests exceed expectations
Cornish Metals Inc reported better than expected results from metallurgical testwork on drill samples from the South Crofty tin project in Pool, Redruth. UPGRADING POTENTIAL TOMRA Sorting GmbH completed X-Ray transmission (XRT) ore sorting and Wardell Armstrong International conducted the heavy liquid separation (HLS) preconcentration testwork. XRT resulted in 55% mass rejection and <3% metal […]