Corcel plc has applied for a gold-copper tenement covering 464 km2 vacant ground in Papua New Guinea (PNG). TENEMENT The company’s wholly owned subsidiary Niugini Nickel Pty Ltd (NN) submitted the application for a total 136 graticular sub-blocks. The site covers the Star Mountains gold-copper exploration project and has undergone “considerable work” by Highlands Pacific […]
Tag: Corcel plc
Corcel signs Mt Weld rare earths option
Corcel plc has signed an exclusive 45-day option to acquire 100% of the rare earth element (REE) project within P38/4489, or Mt Weld, near Laverton in Western Australia. FEATURES The granted mineral tenement lies 1.4km (0.9 miles) west-north-west of Lynas Rare Earths Ltd’s Mt Weld mine. The project covers 171 hectares and the mine access road […]
Corcel raises £200,000 via placing to NPC
Corcel plc has raised £200,000 gross from issuing 50,000,000 new ordinary shares of £0.0001 each at £0.004 to its proposed joint venture partner Shangdong New Power COSMO AM&T (NPC). BOARD The company has also issued one warrant for every one share exerciseable at £0.005 at any time over the next year. On admission, Corcel’s total issued share capital will comprise 580,208,295 ordinary […]
Corcel urged on binding offtake for nickel-cobalt
Corcel plc said its proposed off-take partner had asked the company to move to a binding agreement for supplies from the Mambare and Wowo Gap nickel-cobalt projects in Papua New Guinea. DIRECT SHIPPING In January 2022, the company signed a non-binding memorandum of understanding (MOU) with Shandong New Powder Cosmo AM&T (NPC). A representative of […]
Corcel adds nickel exploration to vanadium at Dempster
Corcel plc said it had added nickel in its exploration scope at the Dempster vanadium project (50%) in Northern Yukon, Canada. NICKEL The company made the decision, subject to shareholder approval, following a recent external desktop study and a larger review of the project. Corcel added that high grade NiMo layers have been reported in […]
Corcel receives analysis report for Wowo Gap
Corcel plc said it had received its externally commissioned Gap analysis report for its Wowo Gap lateritic nickel-cobalt project (100%) in Papua New Guinea. GAP ANALYSIS AMC Consultants Pty Ltd prepared the Gap analysis which builds on the project’s previous owners’ 2010 feasibility study and the 2016 direct shipping ore (DSO) study. The report includes […]