First Class Metals plc said it had identified a gold and molybdenum anomalous trend more than 3km long on its North Hemlo property in Ontario, Canada. FOCUS The trend lies to the southeast of the historic Dead Otter Lake occurrence where sampling extended mineralisation to the southeast with assays including an “incredible” 19.6 g/t gold. […]
Author: editorial
Cadence expects increased value with Evergreen listing
Cadence Minerals plc expects to see increased value for its portfolio of assets as its investee lithium company nears the start of trading in Australia. EVERGREEN The company today said that Evergreen Lithium Ltd had filed its prospectus with the Australian Securities & Investments Commission and the Australian Stock Exchange. Cadence owns approximately 15.8 million […]
Caerus signs sale of Cyprus copper-gold assets
Caerus Mineral Resources plc has signed the share purchase agreement (SPA) for the sale of its copper-gold subsidiaries in Cyprus. TERMS The transaction includes payment in cash from purchasers PM Ploutonic Metals Ltd and Indo-European Mining PR Ltd to Caerus of US$528,001 in stages. Closing of the deal will occur once Caerus has received the first […]
Predator pauses drilling MOU-2 due to sticky clays
Predator Oil & Gas Holdings plc has suspended drilling of the MOU-2 well after encountering “extremely sticky clays” which prevented wire logs from penetrating further at Guercif, onshore Morocco. RE-EVALUATION The sticky clays are in a geological formation overlying the Moulouya Fan primary objective. The company said it would re-evaluate the drilling programme through the […]
Cadence completes sale Yangibana rare earths interest
Cadence Minerals plc said it had completed the sale of its working interests in the Yangibana rare earths project tenements to Hastings Technology Metals. TERMS For its 30% stake the company received AUS$9 million (£5.1m) in 2.45m new ordinary shares in owner and operator Hastings. The shares represent approximately 1.9% of the current issued share […]
First Class receives £15,625 via warrants exercise
First Class Metals plc received £15,625 following notice to exercise warrants over a total of 125,000 ordinary shares. Following admission, the company’s issued share capital will consist of 70,094,589 ordinary shares with voting rights.