Central Asia Metals plc plans to acquire the high grade Antler copper project in Arizona through an all-share A$185 million (£82.7m) purchase of Australian-listed New World Resources Ltd. GROWTH The volcanogenic massive sulphide copper project, located 200 kilometres southeast of Las Vegas, contains a mineral resource estimate of 14.2 million tonnes at a copper equivalent […]
Metals & Minerals
Oriole increases MRE at Bakassi Zone 1
Oriole Resources plc reported a 23% increase in the mineral resource estimate for Bakassi Zone 1 (BZ1) at its 90% owned Bibemi orogenic gold project in Cameroon. PEA Independent consultant Forge International Ltd’s revised MRE of 460,000oz of contained gold has 100,000oz at 2.05 g/t gold in the indicated and 360,000oz gold at 2.06g/t gold in […]
Red Rock issues 57m shares for cash advances
Red Rock Resources plc has issued 57,142,856 new ordinary shares of 0.01 pence each in the company at a subscription price of 0.035 pence per share, with 57,142,856 attached warrants, to convert cash advances. TVRs A total of 14,285,714 warrants expire will expire on 9 March 2028 and 42,857,142 warrants on 18 May 2028, exercisable at a […]
Conroy raises €240,000 via CLNs
Conroy Gold and Natural Resources plc has raised €240,000 (£203,400) through the issue of unsecured and unlisted convertible loan notes to existing and new investors in the company. CLONTIBRET The conversion price for the CLNs is £0.10 per share, a 277% premium to the closing mid-market price of 2.65 pence for Conroy’s ordinary shares of […]
Power Metal directors buy 700,000 shares
Power Metal Resources plc directors today bought an aggregate 703,800 new ordinary shares, each at a average price of 12.5 pence per ordinary share in the company, for a total £87,975. INTERESTS Chief executive officer Sean Wade purchased 150,000 new ordinary shares each at 12p, 250,000 shares at 12.9p and 103,800 at 12.6p. Non-executive director […]
Guardian issues 4.6m shares via warrants exercise
Guardian Metal Resources plc has issued a total 4,627,142 new ordinary shares of 1p each following notices to exercise warrants at 17p per warrant share for a total of £786,614.14. TVRs Following admission, the company’s issued share capital will comprise 138,965,494 ordinary shares of one pence each. The same number will represent Guardian’s total voting rights. […]