Tertiary Minerals plc said it had terminated its Pyramid silver-gold project in Nevada, USA. PRIORITIES The move comes after drilling earlier in the year, which failed to show significant results at the North Ruth target. Termination of the project will result in cash savings of more than US$33,000 in lease and claim fees for the […]
Tag: metals and minerals
Anglesey assays show mineralised system at White Rock
Anglesey Mining plc said its second round of assay results showed an “extensive mineralised system” in the White Rock deposit at the company’s polymetallic project on Parys Mountain on Anglesey, Wales. WHITE ROCK The company, which owns 100% of the copper-zinc-lead-silver-gold volcanogenic massive sulphide project, added that the results also showed multiple broad intercepts. Micon […]
Power Metal receives £129,868 via warrant exercise
Power Metal Resources plc raised £129,868 after receiving notice to exercise warrants over 17,315,789 new ordinary shares of 0.1 pence at an exercise price of 0.75p. Following admission, the company’s issued share capital will comprise 1,498,101,935 ordinary shares of 0.1p each.
Kavango’s Ditau rare earth and KCB projects valued at $8 million
Kavango Resources plc said it had received an independent valuation of US$8 million for its rare earth element (REE) Ditau Camp and Kalahari Copper Belt (KCB) joint venture in Botswana. VALUATION The 50-50 JV, under Kanye Resources plc, is between Power Metal Resources plc and operator Kavango which intends to regain 100% control of the […]
Obituary – mining financier and Western Gold director Willie McLucas
Mining financier and Western Gold Exploration Ltd’s board director Willie McLucas, whose experience took him to numerous countries across the world has died suddenly aged 67. Mr McLucas worked in Australia, Bolivia, Chile, France, Kazakhstan, South Africa, Turkey and Zimbabwe. He established his successful career as a mining financier at Waverley Mining where he developed […]
Caerus notes portfolio company-shareholder dispute
Caerus Mineral Resources plc said it was monitoring a dispute resolution between its portfolio company New Cyprus Copper P.A. Ltd (NCC)’s investee company and a shareholder. INTERESTS NCC owns a 90% interest in Treasure Development Ltd (TDL) in Cyprus and is also responsible for maintaining and progressing other Cypriot projects. Australian-listed BMG Resources Ltd is […]