Cornwall Resources Ltd said that a drill and crews shortage might delay its four-hole drill campaign on a previously identified tin prospect, west of the Redmoor tin-tungsten-copper project. HIGH ACTIVITY Parent company Strategic Minerals plc reported that high activity in the region by other companies had led to a lack of machinery and personnel. Cornwall […]
Tag: metals and minerals
Power Metal receives £78,947 via warrant exercise
Power Metal Resources plc has received £78,947 from an exercise of warrants. The company received notice to exercise warrants over 10,526,315 new ordinary shares of 0.1 pence each in the company at an exercise price of 0.75p per warrant share. Following admission, the company’s issued share capital will comprise 1,513,259,765 ordinary shares of 0.1p each.
Power Metal assesses drill targets at Pilot
Power Metal Resources plc said it had started assessing priority targets for drilling at its Pilot Mountain tungsten-copper-silver-zinc project in Nevada, USA. STRUCTURE The company’s subsidiary (83.13%) Golden Metal Resources owns 100% of the Pilot Mountain, Garfield and Stonewall projects and a right to earn-in to a 100% interest in the Golconda project. Golden Metal […]
Cora increases MRE by 14% for Sanankoro
Cora Gold Ltd announced a 14% increase to its revised mineral resource estimate at the Sanankoro gold project in southern Mali. EXPLORATION The company also reported a 22% increase in oxide indicated mineral resources from 419koz to 509koz. Cora added that the MRE, at a cut-off grade of 0.4 g/t gold, comprised 24.9 Mt of […]
Anglesey PFS shows Grängesberg potential
Anglesey Mining plc said that the Grängesberg iron ore project in Sweden could resume mining as one of Europe’s largest individual producers of iron ore concentrates. PRODUCTION Micon International’s revised pre-feasibility study shows post-tax net present value (NPV) of US$688 million, based on 2.3 – 2.5Mtpa of iron ore concentrate production grading 70% Fe. Post tax […]
Horizonte agrees community training for Araguaia
Horizonte Minerals plc has signed an agreement with Brazil’s national industrial training provider to train host communities in skills for the Araguaia nickel project. AGREEMENT The company said that the two-year agreement with Serviço Nacional de Aprendizagem Industrial (SENAI) was a key component of Araguaia’s local content initiative. The partners will train and develop local community […]