Alba Mineral Resources plc aims to submit its renewed application in September to dewater the Llechfraith shaft at the Clogau-St David’s gold mine project in North Wales. ECOLOGY In November 2021, regulator Natural Resources Wales (NRW) refused to grant the company permission to dewater the shaft which lies below the Llechfraith adit level. The company […]
Tag: metals and minerals
Alba buys remaining stake in Clogau
Alba Mineral Resources plc said it had agreed to acquire the remaining 10% interest in Gold Mines of Wales Ltd (GMOW) to take 100% ownership of the Clogau gold project in the Dolgellau Gold Belt in Wales. CLOGAU The site contains the Clogau gold mine where Alba identified prospective gold targets through extensive exploratory drilling in […]
Power Metal starts RC drilling at Tati
Power Metal Resources plc has begun reverse circulation (RC) drilling following last month’s mapping exercise at its 100% owned Tati gold project within the Tati Greenstone Belt (TGB) near Francistown, northeast Botswana. TATI The company holds prospecting licences PL126/2019, PL127/2019 for gold and nickel mineralisation as well as the 16.14km2 PL049/2022 covering the historic Cherished Hope gold mine. DRILL […]
GreenRoc doubles drilled graphite footprint at Amitsoq
GreenRoc Mining plc announced it had doubled the drilled graphite deposit at the Amitsoq project in southern Greenland. PHASE II Phase II drilling began on 2 July 2022 with the aim of testing the extension of the known graphite layers before establishing a revised and higher category resource. As at 14 August 2022, the company […]
Red Rock issues £50,000 convertible notes
Red Rock Resources plc said it had issued £50,000 of the second tranche of convertible notes with accompanying warrants to high net worth investors. The company added that a single investor subscribed to the £50,000 notes. Red Rock will use the funds for general working capital. The notes are being issued on the same terms […]
Altona to raise £1.1m
Altona Rare Earths plc said it had conditionally raised £1.1 million through placing 13,750,000 million new ordinary shares at 8 pence each to help fund its operations at Monte Muambe, Mozambique. USES The funds will go towards completing an inaugural mineral resource estimate due in Q1 2023. The proceeds will also fund a preliminary economic […]