Metals Exploration plc has secured the exclusive rights to explore, develop and operate the Batong Buhay porphyry copper-gold project in Barangay Balatoc, Northern Luzon, Philippines. PORPHYRIES The 440-hectare licence area adds to the company’s Runruno surface gold mine and the Abra tenement, which lies close to Batong Buhay, as well as La India, Estrella and Rio […]
Tag: exploration
First Class fully converts loan note
First Class Metals plc has fully converted the January 2026 loan note with the issue of 1,619,793 shares with the value of £37,500. SUNBEAM The shares’ issue on 4 June 2026 follows that on 3 June of the same number of shares with the same aggregate value. Following admission, First Class’s total issued share capital […]
Arkle to begin uranium exploration in Namibia
Arkle Resources plc plans to start exploring soon on its recently acquired uranium project in the Erongo Region of Nambia. ALASKITE The four 85%-owned exclusive prospective licences, covering 540 km² and located adjacent to major projects, last year underwent sampling programmes. Arkle said it was fully funded to carry out phased exploration work during 2026, […]
Ormonde investee executes Staghorn JV deal
Ormonde Mining plc’s investee company has executed its joint venture agreement, relating to the Staghorn property on the Golden Rose copper-gold project in Newfoundland, Canada. RESULTS TRU Precious Metals Corp originally signed the 51-49% deal in July 2025 with Quadro Resources Ltd. Staghorn itself represents 11% of the overall Golden Rose acreage. The two companies […]
Oriole raises £2m
Oriole Resources plc has conditionally raised £1.8 million via a placing of 750m new ordinary shares of 0.1 pence each, and £230,000 through a retail offer of 96,640,463 new ordinary shares, at a price of 0.24 pence per share. TVRs The placing price is equal to the bid price of the company’s ordinary shares at close of […]
First Class advances Sunbeam exploration
First Class Metals plc is refining targets for a possible drilling campaign within the Sunbeam gold property, one of its two main projects in Ontario, Canada. GRANT The project holds three development sites of the past producing Sunbeam mine, Roy and Pettigrew. Exploration work on the 88km2 site has progressed to include the collection of […]