Altus Strategies plc said it is to sell its 100% owned Moroccan-focused copper-silver exploration subsidiary Aterian Resources Ltd to Eastinco Mining and Exploration plc. METALS Aterian is advancing assets of 15 primarily copper and silver exploration projects. Eastinco has a portfolio of tantalum exploration and development projects in Rwanda. TERMS Altus said yesterday it had […]
Tag: copper
Power Metal completes acquisition of FDR
Power Metal Resources plc has completed its 100% acquisition of First Development Resources Pty Ltd (FDR) which holds gold-copper interests in the Paterson Region of Western Australia. DRILLING The Paterson interests are held by First Development Resources Ltd (FDR) which now owns local Australian operating company First Development Resources Pty Ltd (FDR Australia). Power Metal has an 83.33% interest in FDR, with a […]
Alba notes substantial precious and base metals results in Dolgellau
Alba Mineral Resources plc said it had a suite of substantial precious and base metal results from its field exploration in the Dolgellau gold field (DGF), Wales. DOLGELLAU Alba has conducted further exploration across a number of high-priority regional targets in the DGF. The company said that multi-commodity mineralisation had been confirmed from sampling at […]
Tertiary to exercise Zambia copper option
Tertiary Minerals plc announced it will exercise its option to acquire up to a 90% joint venture interest in the four additional large copper exploration licences in Zambia. EXPLORATION The company’s 96% owned local subsidiary, Luangwa Minerals Ltd will enter into agreements to acquire the licences held by Mwashia Resources Ltd. These include 27065-HQ-LEL (Lubuila), […]
CRL identifies further high grade tin west of Redmoor
Strategic Minerals plc announced that its subsidiary Cornwall Resources Ltd has identified further significant high-grade tin in four pit samples west of its main Redmoor deposit. SAMPLES The company confirmed in-situ mineralisation in all four samples with at or near surface tin result in pit CRT04 peaking at 0.68% tin. A revised internally estimated project […]
Red Rock explores possible lithium joint venture in DRC
Red Rock Resources plc said it was exploring possible co-operation with US-based third parties on copper-cobalt and a lithium joint venture in the Democratic Republic of Congo. DUE DILIGENCE Red Rock chairman Andrew Bell said that the company was conducting due diligence on some potential co-operation with a US investor in the cobalt-copper space. He […]