Power Metal Resources plc has staked eight further claims after identifying new copper anomalies at the Garfield copper-gold property in the Walker Lane mineral belt in Nevada, USA. ANOMALIES The findings are from analysis of recent satellite imagery of Advanced Spaceborne Thermal Emission and Reflection Radiometer (ASTER) and European Space Agency Sentinel-2 datasets. The two “strong” […]
Tag: copper
Anglesey raises £768,000 via discounted placing
Anglesey Mining plc raised £768,230 after issuing 22,595,000 new ordinary shares, representing 10% of the company’s current issued share capital, at 3.4 pence each. NEW SHAREHOLDERS The placing price represents a discount of 5.6% to the closing price on 7 October 2021. The investors include chief executive Jo Battershill who subscribed, via his company JJB […]
Chesterfield completes initial study on Adeline
Chesterfield Resources plc has completed an initial field programme on its new 300 km2 Adeline copper exploration project in Labrador, Canada. ADELINE During due diligence and following the acquisition, Chesterfield re-evaluated all historic data using modern techniques and software. “This provided the basis for a two-month helicopter-supported field study across a number of existing targets, […]
Power Metal nears acquisition of Wallal
Power Metal Resources plc is closer to acquiring First Development Resources Australia (FDR Australia) with its two copper-gold Wallal exploration licences in the Paterson Province of Western Australia. LICENCES The news follows the granting of licences E45/5816 – Wallal Main and E45/5880 – Wallal West 2 to FDR Australia. The Wallal Main licence hosts two magnetic […]
Cadence could add copper to lithium interests
Cadence Minerals plc said it could have exposure to copper assets following Castillo Copper Ltd’s 90-day option agreement for lithium projects in which the investor holds interests. STRATEGY Cadence owns a 29% shareholding in Lithium Technologies Pty Ltd (LT) and Lithium Supplies Pty Ltd (LS) which signed the deal. Following due diligence, Castillo could acquire […]
Power Metal encounters nickel enrichment at Molopo
Power Metal Resources plc said it had encountered nickel enrichment at Molopo Farms Complex nickel-copper-platinum group element (PGE) project in southwest Botswana. ASSAYS The results are from further assays received for hole KKME 1-6, the second of three holes at the project. Nickel enrichment was encountered throughout the entire 7m interval assayed as part of the batch, […]