Power Metal Resources plc has completed a desktop study and survey ahead of negotiations for a drill contract at its gold-copper Wallal project in the Paterson Province, Western Australia. LICENCES The company’s portfolio is through First Development Resources Ltd (FDR) and includes the Wallal tenements, Braeside West and Ripon Hills projects. Power Metal has a current effective interest of […]
Tag: Australia
Altus acquires gold royalties from Newcrest
Altus Strategies plc has completed the first close of a gold royalty portfolio of interests in Australia and Africa. STRATEGIC JOINT VENTURE The package comprises up to 24 royalties and royalty interests from Newcrest Mining Ltd and certain of its group companies. The acquisition is through a strategic joint venture between Altus and specialist mining […]
Red Rock issues overview of gold interests
Red Rock Resources plc issued a summary of its gold interests in its natural resource development portfolio in Africa, Australia and South America. ASSETS The company has royalties over its gold interests as well as projects in Africa including a JORC indicated and inferred resource of 15.13 Mt @ 1.49 g/t Au with contained metal […]
Power Metal welcomes co-funding for Wallal
Power Metal Resources plc said its conditional acquisition company had received government co-funding for up to A$165,000 (£86,000) for the Wallal gold-copper project in the Paterson region of Western Australia. CONFIDENCE The project is wholly owned by First Development Resources Pty Ltd (FDR Australia) which Power Metal is working to acquire. The licences, covering in total 572km2, include E45/5816 […]
RRAL expects to drill at Victoria gold fields in 2021
Red Rock Resources Australasia Pty Ltd (RRAL) said it expected exploration would confirm “significant mineralisation” ahead of drilling later this year at its new licences in the Victoria gold fields, Australia. The joint venture company, owned by Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%), said it was fast tracking exploration efforts […]
RRAL granted three licences in Victoria gold fields
Red Rock Resources Australasia Pty Ltd (RRAL) said it had been awarded its first licences for a period five years in the gold fields of Victoria, Australia. LICENCES The licences include 133 km2 Blue Whale, south and east of Ballarat (EL007271); 74 km2 Blue Chip, west and south of Ballarat (EL007281); and 8 km2 Blue […]