Kavango Resources plc said that a concept report confirmed the economic viability of the iron oxide copper-gold (IOCG) target at the Great Red Spot (GRS) in the northern (Hukuntsi) section of the Kalahari Suture Zone KSZ), Botswana. IOCG SYSTEMS The exploration company added that the IOCG target exhibited similar geophysical signatures to the Olympic Dam […]
Tag: metals and minerals
Government pushes UK to be skills leader in exploration and mining
The UK could once more be a skills leader in exploration and mining as well as a leading player in the global race for critical minerals, said the Government today. UK CRITICAL MINERALS STRATEGY Business secretary Kwasi Kwarteng was speaking as he announced the UK’s first ever critical minerals strategy. The policy paper ‘Resilience for […]
Power Metal receives £139,115 via warrant exercise
Power Metal Resources plc received £139,115 following notices to exercise warrants over 18,548,700 new ordinary shares of 0.1 pence each in the company. The warrant shares exercised at a price of 0.75p each. Following admission, the company’s issued share capital will comprise 1,531,808,465 ordinary shares of 0.1p each.
Oriole awaits results of 1,980 samples from Cameroon
Oriole Resources plc said it expected results during Q3 2022 of 1,980 samples from its 90% owned Central Licence Package (CLP) and Bibemi gold projects in Cameroon. CLP The CLP project (3,592km2), located in the centre of Cameroon, comprises eight contiguous licences (five defined as Eastern CLP and three as Western CLP). Oriole completed the […]
Hummingbird starts external audit for Y3 RGMPs
Hummingbird Resources plc said that the external assurance audit had started for the Year 3 World Gold Council (WGC) responsible gold mining principles (RGMPs) requirements. OUTCOME The company began the audit during Q2 2022 as reported in its operations and financial report. Hummingbird added it had a dedicated ESG team and external consultants in place […]
Hummingbird increases Yanfolila production
Hummingbird Resources plc reported a rise in production at Yanfolila gold mine in Mali and further progress at its projects in Guinea and Liberia. INFLATION In its second quarter report for 2022, the company posted production increased 29% from Q1 2022 to 20,013 oz gold (Q1 2022: 15,548oz). All-in sustaining cost (AISC) fell by 17% to […]