Cadence Minerals plc expects higher impact exploration to start at the Bynoe lithium project following recent approval of the mine management plan. The company’s investee Evergreen Lithium Ltd’s activities will include auger sampling as well as air core/rotary air, reverse circulation and diamond drilling. Contractors have been secured for the 2024 scheduled work programme to […]
Tag: lithium
Alba signs West Pilbara lithium option
Alba Mineral Resources plc has signed a 30-day option to buy an initial 50% of the Andover West lithium project in the West Pilbara, Western Australia. SIGNIFICANT The project comprises exploration licence E47-3373 (AW1), of 10 blocks over 10.9 square miles, due to expire on 4 November 2024 with the right for the licence holder to […]
Power Metal signs Saudi Arabia earn-in with EVM
Power Metal Resources plc has signed its first major agreement in Saudi Arabia with a binding earn-in for 15 tenements, mainly prospective for lithium, with an Australian subsidiary. JOINT VENTURE The deal is with EV Metals Group plc (EVM)’s special purpose vehicle RIWAQ Al-Mawarid for Mining (RIWAQ). An option over RIWAQ was rejected in June […]
FCM grows portfolio with Quinlan lithium earn-in
First Class Metals plc has grown its portfolio with a 100% earn-in agreement of the Quinlan lithium property comprising 98 claims in NW Ontario. FAVOURED The cash-shares deal with Broken Rock Resources Ltd involves “low execution costs” and a commitment to year one field work. FCM has staked 50 claims and has an option over […]
Clontarf raises £400,000 via placing
Clontarf Energy plc has raised £400,000 before expenses via a placing of 1,142,857,143 new ordinary shares of 0.01p each in the company at a price of 0.035p per placing share. The placing shares represent approximately 18% of the company’s issued share capital as enlarged by the placing. Following admission, Clontarf will have a total of […]
FCM drill results show additional metals at Zigzag
First Class Metals plc drilling results “exceeded expectations” and revealed additional metals at its Zigzag lithium property in the Seymour-Falcon corridor, northwest Ontario. EXPANSION Last December’s inaugural drill comprised 10 diamond drill holes for under 500m. Nine of the holes targeted the pegmatite with two ‘step-back’ holes and the tenth drilled as a scissor. FCM […]