Red Rock Resources plc said it had obtained a $2.5 million payment order instructing its joint venture partner in the copper-cobalt licences in Katanga, the Democratic Republic of Congo. VINDICATION The company, with 50.1%, ownership, obtained the order from the Commercial Court in Lubumbashi instructing Vumilia Pendeza SA (VUP) to pay it $2,505,000 as a […]
Tag: copper
CAML appoints Mike Armitage as NED
Central Asia Metals plc has appointed Dr Mike Armitage to the board as an independent non-executive director effective 10 January 2022. Dr Armitage, who will also join the sustainability committee, has some 35 years’ experience in the mining industry. He spent his early career working underground as a geologist in South Africa before joining […]
Kavango survey indicates strong conductor at KSZ
Kavango Resources plc’s downhole electromagnetic (DHEM) survey has indicated a strong conductor at the Kalahari Suture Zone (KSZ), Botswana. INCREASE The 100%-owned project covers 16 prospecting licences over 8,831.1km2 including 14 licences over a “significant” portion of the 450km long KSZ magnetic anomaly in the southwest of the country. Kavango is exploring for copper-nickel-PGM rich sulphide […]
Caerus aims to become miner in 2022 at Troulli
Caerus Mineral Resources plc expects to transform from an explorer to a developer and miner in 2022 as it released drill and trench copper and gold analyses at Troulli in Cyprus. RESULTS The company added that drilling had delineated an economically viable gold oxide zone for near-term development with peak drill intercepts including 1.4g/t Au over […]
Power Metal subsidiary raises £750,000 for listing
Power Metal Resources plc said that its subsidiary Golden Metal Resources Ltd had raised £750,000 in pre-IPO financing for its planned listing and operational expenses for its projects in Nevada, USA. PROJECTS Golden Metal’s portfolio includes the Pilot Mountain tungsten (with copper, silver and zinc) and Golconda Summit (gold). LISTING Capital restructuring of Golden Metal share capital will enable additional […]
Cornish Metals results indicate greater potential at United Downs
Cornish Metals Inc said that recent high grade copper assay results at United Downs could indicate a copper-tin-silver mineral resource to complement the tin mineral resource at South Crofty in Cornwall. UNITED DOWNS RESULTS The Canadian company today reported results from three diamond drill holes at United Downs. Drill hole UD21-011A intersected five parallel zones […]