Ormonde Mining plc has received 99.77% shareholder approval for the €2.3 million sale of its La Zarza copper-gold-zinc project in Spain. ACQUISITIONS The vote was held in the company’s extraordinary general meeting earlier today. Following completion of the sale, Ormonde will become an AIM Rule 15 cash shell and have to make an acquisition or acquisitions constituting […]
Tag: metals and minerals
New Ballarat exploration manager David Holden resigns as director
New Ballarat Gold Corp’s exploration manager David Holden has resigned as a board director. The joint venture (JV) company comprises Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%), and has a 100% interest in Red Rock Australasia Pty Ltd. The JV appointed Mr Holden as a board director in March 2021. Companies House […]
Ormonde cuts losses and considers next projects
Ormonde Mining plc’s “significant reductions” in management salaries resulted in more than halving losses from its base and precious metal operations in Spain. FINANCES For the six months ended 30 June 2022 the company’s results showed post-tax losses of €363,000 (2021: €630,000 loss). Ormonde held €3.4m in cash (€3.7m at 31 Dec 2021). OPERATIONS The company conditionally sold La Zarza for €2.3 […]
Cornish Lithium chooses Ai Process for EPCC at Trelavour
Cornish Lithium Ltd has chosen Ai Process Systems Ltd to provide detailed engineering, procurement, supply and manufacture, installation and commissioning services (EPCC) for the Trelavour hard rock lithium project near St Austell. DEMONSTRATION PLANT The Lancashire-based company will focus on the hydrometallurgical section of the demonstration scale processing plant at Cornish Lithium’s Trelith processing site. […]
Tertiary starts detailed soil sampling at Jacks
Tertiary Minerals plc has started a detailed soil sampling programme at the Jacks copper project in Zambia. JOINT VENTURE The company has earned a 90% joint venture interest from local company Mwashia Resources Ltd. The Jacks prospect lies within exploration licence 27069-HQ-LEL, covering 141.4 km2,and is located 85km south of Luanshya in Zambia. PROGRAMME The […]
Arkle agrees further drill hole at Stonepark
Arkle Resources plc said it had agreed with its joint venture (JV) partner to drill a further hole at the Stonepark zinc project in Limerick, Ireland. JOINT VENTURE The company holds 23.44% and operator Group Eleven Resources Corp owns 76.56%. STEP-OUT HOLE After completing the current six-hole programme, Group Eleven will drill the additional hole […]