Tertiary Minerals plc reported £1 million losses including the impairment for the Pyramid project as the company looks to further exploration next year in the USA and Zambia. FINANCES The company holds early stage assets in Zambia where it completed its first full year of exploration, and Nevada in the USA as well as legacy […]
Tag: copper
Caerus to sell copper assets for larger projects
Caerus Mineral Resources plc plans to sell its Cyprus copper assets to two of its shareholders, PM Ploutonic Metals Ltd and Indo-European Mining PR Ltd, and evolve into a battery metals company. STRATEGY Caerus has signed a binding heads of agreement with the two companies, signalling the end of its direct involvement in Cyprus. The […]
Caerus signs up to £625,000 CLN deal
Caerus Mineral Resources plc has signed a subscription agreement with shareholder EV Metals Group plc (EVM) under which Caerus may need EVM to subscribe up to £625,000 for unsecured convertible loan notes. USES The company added that EVM’s holding in Caerus would increase from 16.34% to 29.9% should it require EVM to subscribe for the […]
FCM assays show ‘massive sulphide’ find at West Pickle Lake
First Class Metals plc (FCM) reported assay results showing a “massive sulphide” discovery representing a “major new nickel district” at West Pickle Lake nickel-copper-cobalt project in Ontario, Canada. JOINT VENTURE The Pickle Lake project area comprises 33 single cell mining claims over which Palladium One Inc has the option to earn in to an 80% interest […]
Anglesey review shows ‘substantial upside’ at Parys
Anglesey Mining plc plans work programmes in the Northern Copper Zone (NCZ) after an internal review showed a “substantial upside” to the existing resource base at its Parys Mountain copper project. NORTHERN COPPER ZONE The company said that the NCZ, discovered in 1962, was interpreted as the downdip extension of the historical open pit mined […]
Tertiary begins exploration targeting at earn-in copper assets in Zambia
Tertiary Minerals plc has progressed to exploration targeting at two of four earn-in copper projects in Zambia. EXPLORATION TARGETING The four licences, owned by local partner Mwashia Resources Ltd, comprise Konkola West, Lubuila, Mukai and Mushima North. Tertiary said that consultants Remote Exploration Services (RES) of South Africa had completed initial prospectivity reviews of the […]