Power Metal Resources plc said its subsidiary First Development Resources Ltd (FDR) had raised £1,125,000 ahead of planned listing in Q3 2022 on the London capital markets. FDR FDR is focused on gold-copper, uranium-rare earth element and potential lithium targets in Western Australia’s Paterson Province and the Northern Territory. Money raised will allow FDR to self-finance its operations including IPO listing advisory […]
Tag: gold
Altus finds high grade gold prospects on Egypt licences
Altus Strategies plc said it had discovered multiple high grade gold prospects from reconnaissance sampling across all four of the company’s projects in the Eastern Desert, Egypt. ADDITIONAL LICENCES The company added it had been awarded two further gold exploration licences, totalling 349 km2, taking the aggregate holdings in Egypt to 1,914 km2. Altus’s 100% […]
Caerus renews alliance with investor EV Metals
Caerus Mineral Resources plc said it would renew and expand its strategic alliance with global battery chemicals and technology business EV Metals Group (EVM). AUTOMOTIVE PRODUCTS EVM has been the company’s cornerstone investor since Caerus’s admission to AIM in March 2021. Caerus said that EVM had approached the company to renew and expand the original […]
Alba Mineral reviews NRW feedback on Llechfraith dewatering plans
Alba Mineral Resources plc said it was reviewing feedback on additional data submitted for its plans to dewater the Llechfraith shaft at Clogau-St David’s gold mine in Wales. ADDITIONAL DATA In November 2021, regulator Natural Resources Wales (NRW) refused permission for the plans to obtain permits allowing the discharge of mine water, post-treatment, to the […]
Alba notes concentrate grades up to 1,000g/t at Clogau waste tip
Alba Mineral Resources plc said it had received assay results from gold concentrates up to 1,000 g/t, with average head grades of 1.7 g/t from the historic waste tip at its Clogau-St David’s gold mine in Wales. WASTE TIP The 2,833 m² waste tip comprises ore rock mined but discarded and not processed for its gold content during […]
Scotgold repays Bridge Barn loan with revenue from gold sales
Scotgold Resources Ltd has repaid the short-term loan plus interest from Bridge Barn Ltd with just over £1 million revenue from its April 2022 gold concentrate sales. Bridge Barn is owned and controlled by one of Scotgold’s non-executive directors Nathaniel Le Roux. The Australian company used the £250,000 for working capital requirements affected by shipment […]