Alba Mineral Resources plc has completed the acquisition of a further 10% in Gold Mines of Wales Ltd to hold 100% of the Clogau gold project within the Dolgellau Gold Belt in North Wales. SHARES The company will apply for the 200 million company consideration shares to be admitted to trading on AIM. Following admission, […]
Tag: metals and minerals
Alba losses rise following GreenRoc listing and increased exploration
Alba Mineral Resources plc recorded an increase in losses following the AIM listing of its investee company GreenRoc Mining and increased exploration activities. INTERESTS The company’s interim results for six months ended 31 May 2022 incorporate Alba’s subsidiaries operating in Wales (gold) and Limerick (lead and zinc) as well as investments in Greenland (graphite and […]
Kavango identifies prospective copper drill target at Mamuno, KCB
Kavango Resources plc said it had identified a large drill target prospective for copper on its Mamuno project area in the Kalahari Copper Belt (KCB), Botswana. MAMUNO The Mamuno project area comprises four of the company’s licences – PL046/2020, PL049/2020, PL052/2020, PL053/2020 – held in a 50-50 joint venture with Power Metal Resources plc. Kavango […]
Chesterfield losses widen as field work progresses
Chesterfield Resources plc losses widened as the company continued field activities at its copper-gold portfolio in Cyprus and Canada. FINANCES The company’s interim results for the first half of 2022 showed pre-tax losses of £491,607 (H1 2021: £433,538). The group’s net cash balance as at 30 June 2022 was £663,226 (H1 2021: £1,504,973). Administration costs rose to £536,739 (H1 2021: £433,538). Chesterfield recorded revenue […]
Kavango identifies gold mineralising system at Ditau REE project
Kavango Resources plc said it had identified a gold mineralising system from analytical results, including gold fire and whole rock assays, at the Ditau Camp rare earth element project, southwest Botswana. ZONE OF INTEREST The company added that analyses from hole DITDD004, drilled to 393.29m on Target i10, showed the presence of gold associated with […]
Power Metal signs contract for 2,600m Molopo drill
Power Metal Resources plc expects to start in mid-September 2,600m diamond drilling in six drillholes at its Molopo Farms Complex project in southwest Botswana. PROGRAMME The project, targeting a large scale nickel-copper-platinum group element (PGE) discovery, is the company’s first managed and operated diamond drilling programme at Molopo. Before drilling begins, Power Metal will conduct expanded geophysical […]