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 […]
Tag: Central Asia Metals plc
Central Asia sells Copper Bay interest
Central Asia Metals plc has completed the sale of its 76.1% shareholding in Copper Bay Ltd, with mineral rights to a copper tailings project in Chile. DEVELOPMENT The company said that the purchase by Guardian Metals plc triggered compulsory ‘drag’ rights over the remaining 23.9% held by minority shareholders, also acquired by Guardian Metals. Central […]
Central Asia Metals CEO to step down
Central Asia Metals plc chief executive officer Nigel Robinson is to step down, effective from 1 October. CHALLENGING His successor will be chief financial officer Gavin Ferrar who has been with the company for 10 years. Executive director of corporate development Louise Wrathall will become CFO on the same date, while retaining focus on business […]
Central Asia acquires 28.7% of Aberdeen Minerals
Central Asia Metals plc has completed its £3 million initial investment in nickel-copper-cobalt explorer Aberdeen Minerals Ltd. The company now has 35,294,117 shares, purchased at a price of 8.5 pence per share, and a 28.7% shareholding in Aberdeen. Central Asia also received warrants to invest an additional £2m at a price of 11 pence per share […]
Central Asia directors in 1.4m options exercise
Central Asia Metals plc directors today exercised 1,383,849 nominal cost options over ordinary shares of US$0.01 each in the company, at an exercise price of $0.01 for a total £3,072,976. Central Asia said it settled the option exercise, under its employee share plan 2011, in cash at £2.2206 per share. No actual shares were sold […]
Central Asia grants 777,873 incentive share awards
Central Asia Metals plc granted a total 777,873 nominal cost long-term share awards at an exercise price of $0.01 per share to its executive directors under its long-term incentive plan 2022. Chief executive officer Nigel Robinson received 311,342 awards taking his total of such awards to 1,793,346. Chief financial officer Gavin Ferrar received 254,734 awards […]