Altus Strategies plc said higher prices and production resulted in a record quarterly royalty pre-tax income of US$1.54 million for Q1 2022 from the Caserones copper mine in northern Chile. CASERONES The Caserones mine is a large, open-pit copper-molybdenum porphyry deposit, located within a 17,000 hectare land package approximately 4,300m above sea level in the […]
Tag: copper
Caerus confirms near surface mineralisation at Anglisides
The Caerus Mineral Resources plc and Bezant Resources plc joint venture said drilling results showed near surface copper mineralisation at the Anglisides licence, a satellite of the Troulli gold-copper project in Cyprus. LIFE OF MINE The JV expanded its ten-hole diamond drill programme to 16 holes to test the near surface copper potential for Anglisides and received […]
Cornish Metals’ shareholder VBR nominates Tony Trahar to board
Cornish Metals Inc said that its controlling shareholder Vision Blue Resources (VBR) had nominated Tony Trahar as its representative on the company’s board of directors. Mr Trahar has a 40-year career in the mining, natural resources and industrial sectors and is currently a special adviser to VBR. He currently holds 1,222,222 common shares in Cornish […]
Power Metal subsidiary in Australia raises £1.1m
Power Metal Resources plc said its subsidiary First Development Resources Ltd (FDR) had raised £1,125,000 ahead of planned listing in Q3 2022 on the London capital markets. FDR FDR is focused on gold-copper, uranium-rare earth element and potential lithium targets in Western Australia’s Paterson Province and the Northern Territory. Money raised will allow FDR to self-finance its operations including IPO listing advisory […]
Caerus renews alliance with investor EV Metals
Caerus Mineral Resources plc said it would renew and expand its strategic alliance with global battery chemicals and technology business EV Metals Group (EVM). AUTOMOTIVE PRODUCTS EVM has been the company’s cornerstone investor since Caerus’s admission to AIM in March 2021. Caerus said that EVM had approached the company to renew and expand the original […]
Tertiary records £600,000 losses from copper projects
Tertiary Minerals plc reported operating losses of £604,213 from its copper portfolio in Nevada and Zambia. FINANCES The company’s unaudited results for the six-month period ended 31 March 2022 showed an impairment of £361,379 relating to the Pyramid gold-silver project in Nevada. This followed reverse circulation drilling at the project failing to demonstrate mineralisation at […]