Scotgold Resources Ltd announced that Nathaniel (Nat) Le Roux is stepping down from his position as non-executive chairman. Mr Le Roux had held the post since March 2015 when he recapitalised Scotgold and will remain on the board as a NED and major shareholder of the company. Non-executive director (NED) Peter Heatherington has been appointed […]
Tag: gold
Alba Mineral refused water discharge permit for Clogau-St David’s gold mine
Alba Mineral Resources plc said its application had been refused for an environmental permit to discharge water at Clogau-St David’s gold mine in North Wales. LLECHFRAITH SHAFT Alba had planned to allow treated mine water from the Llechfraith shaft to discharge to the Afon Cwm-llechen (River Cwm-Llechen). The company today reported that Natural Resources Wales (NRW) […]
Altus starts 35,000m drill programme at Tabakorole
Altus Strategies plc has started a combined 35,000m reverse circulation (RC), air core (AC), and auger drilling programme at the Tabakorole gold project in southern Mali. MINERAL RESOURCE The company holds a 49% equity interest and 2.5% net smelter return (NSR) royalty on the joint venture project with exploration funded by Marvel Gold Ltd. A […]
Power Metal acquires FDR Australia
Power Metal Resources plc has acquired 100% of First Development Resources Pty Ltd (FDR Australia) after receiving the final copper-gold licence in the Paterson Region of Western Australia. WALLAL Earlier in 2021 the company made an offer, conditional on the granting of the final licence in the Wallal project, for 75% of the Australian company. Following receipt today […]
Condor raises £4.1m via private placement
Condor Gold plc has raised £4.1 million before expenses from a private placement through issuing new ordinary shares representing 8.7% of the company’s existing issued share capital. UNITS The company placed 11,714,286 units each at 35p including a directors and chief financial officer’s subscription. Four directors Mark Child, Andrew Cheatle, Ian Stalker and Jim Mellon, […]
Power Metal applies for 1,994km2 licences in Australia
Power Metal Resources plc has applied for two licences covering 1,994km2 and targeting Olympic Dam-style copper-gold mineralisation in the Gawler Craton, South Australia. SUBSIDIARY The company’s new wholly owned Australian subsidiary, Power Metal Resources Australia Pty Ltd (Power Australia) will be the host vehicle for new Australian exploration interests of Power Metal. These are being acquired to replace current […]