Western Gold Exploration Ltd has agreed a joint venture with the owner of the Cononish mine to explore for precious metals and critical minerals in the Caledonian gold project in central Scotland. TERMS The company’s subsidiary, Lorne Resources Ltd, and Acrux Gold Ltd signed a shareholder agreement on 25 November 2025 to create Glen Lyon […]
Tag: Cononish gold and silver mine – Tyndrum – Scotland
New name for Cononish gold mine owner
South African owner of the Cononish gold mine, located in the Loch Lomond & Trossachs National Park, has changed its name from Acrux Holdings Ltd to Acrux Gold Ltd. Part of the Acrux Resources, the group includes Acrux Sorting Technologies which made a strategic investment in the mine, previously owned by Scotgold Resources Ltd. Operations […]
Cononish gold mine has new majority owner
Cononish gold mine in Scotland has a new 80% owner following a strategic investment for an undisclosed sum by South African company Acrux Sorting Technology. TECHNOLOGY SCZ Cononish Ltd’s previous largest investor Nathaniel le Roux retains less than a 25% share. The original parent Scotgold Resources plc fell into administration in November 2023 following problems […]
Cononish mine’s largest investor takes control
Cononish gold-silver mine’s largest investor Barn Bridge Ltd now holds 75% shares or more in developer SCZ Grampian Ltd, replacing the latter’s Australian parent Scotgold Resources Ltd. RIGHTS Companies House recorded the effective date of the changes as 1 November 2023, and received and published the notices today. Additionally, on 15 December 2023 chief financial […]
SCZ Cononish creditor takes further action
Scotgold Resources Ltd could appoint administrators in Australia, in addition to the expected administration in the UK, after its largest shareholder took further steps over its loan agreement. RIGHTS The secured creditor over SGZ Cononish Ltd, developer of the gold-silver mine near Tyndrum, is Bridge Barn Ltd controlled by former chairman and director Nathaniel le […]
Scotgold director and largest shareholder resigns
Scotgold Resources Ltd’s largest shareholder and director has resigned after nearly 10 years over conflicting interests with the company. REGRET Nathaniel le Roux is the major secured creditor of the company’s subsidiary, SGZ Cononish Ltd operating the gold-silver mine near Tyndrum. Scotgold, which is considering going into administration after financing talks failed, is evaluating the […]