Oriole Resources plc has completed a ground-based geophysics programme over the main gold target at the Mbe licence, one of five within the Eastern Central Licence Package (CLP) in Cameroon. TARGETS The programme tested the local and regional scale structures at depth to help develop the geological model and identify drill targets. Oriole also continues […]
Tag: lithium
FCM signs earn-in for Zigzag lithium project
First Class Metals plc (FCM) has signed an earn-in agreement with Nuinsco Resources Ltd for a new lithium project in northwest Ontario, Canada. STRATEGIC The deal, first announced in December 2022, is for Zigzag which lies less than 100km from Armstrong in the Seymour Lake area close to current and future planned key infrastructure. The […]
Power Metal to create value from existing assets
Power Metal Resources plc plans to focus more on creating value from its existing interests rather than on acquisitions during the remainder of 2023. NEW PHASE In the group’s audited financial results for the year ended 30 September 2022, Power Metal chief executive Paul Johnson said that operational targets for 2023 included “proactive exploration work” for […]
Corcel signs 30-day option for Canegrass lithium
Corcel plc has signed an exclusive 30-day option to acquire 100% of the lithium rights of the Canegrass project in Western Australia. CANEGRASS The project, comprising several granted mineral tenements, extends over part of the Windimurra Igneous Complex, a large differentiated layered ultramafic to mafic intrusion within the Yilgarn craton. Canegrass is a conical to sheet-like […]
Oriole confirms lithium-bearing pegmatites at CLP
Oriole Resources plc confirmed “multiple” lithium-bearing pegmatites from early stage exploration at two licences on its 90%-owned Central Licence Package (CLP) in Cameroon. NDOM & GAMBOUKOU The CLP comprises nine contiguous licences over 4,091km2. Oriole said the previously unexplored Paleo-Proterozoic to Pan-African age rocks were “highly prospective” for a range of commodities, including orogenic-style gold mineralisation and […]
Cadence notes possible £43m for Cinovec lithium
Cadence Minerals plc noted that its investee company’s joint venture (JV) Cinovec lithium project could receive up to £43 million funding after being classified as a strategic project for the Usti region of the Czech Republic. PRIORITY The JV is between CEZ a.s. and Australian company European Metals Holdings in which Cadence owns approximately 7.2%. […]