Kavango Resources plc is to acquire Power Metal Resources’ 50% share of their two-year joint venture and regain control of its rare earth element (REE)-base metal projects in Bostwana. KANYE RESOURCES The partners’ company Kanye Resources owns working interests in 10 prospecting licences in the Kalahari copper belt (KCB), covering 4,257km2. Kanye also owns two prospecting […]
Tag: metals and minerals
GreenRoc extends graphite exploration area at Amitsoq
GreenRoc Mining plc has extended its exploration area with exclusive mineral exploration licence MEL2022-03 at its Amitsoq graphite project in Greenland. LICENCE The company said that the granted 68km2 licence area encompassed a potential southerly extension to the Kalaaq deposit and several known graphite showings separate from the Amitsoq Island and Kalaaq deposits. The southern […]
Government turmoil delays WCM coal mine decision
West Cumbria Mining Ltd (WCM) is still waiting to hear the fate of its proposed coking coal mine after the government minister responsible for making the decision was sacked. DISMISSAL The company was due to hear today from the Secretary of State for levelling up housing and communities Michael Gove. Prime Minister Boris Johnson last […]
Power Metal-Red Rock to acquire Berringa gold mine
Power Metal Resources plc and Red Rock Resources plc are to acquire the historic Berringa gold mine within exploration licence EL5535 in the Victoria gold fields of Australia. BUSINESS STRUCTURE The partners’ joint venture (JV) company Red Rock Australasia Pty Ltd (RRAL) entered an agreement for the acquisition from Balmaine Gold Pty Ltd which is a wholly owned subsidiary […]
Anglesey notes strategic investment in Labrador
Anglesey Mining plc said that its Canadian investee company Labrador Iron Mines Holdings Ltd (LIM) announced a US$4 million strategic investment by Scully Royalty Ltd. SCULLY ROYALTY Anglesey Mining holds 19.3 million shares in LIM, which will equate to 11.0% of the company after the issuance of new shares to Scully Royalty Ltd. Scully’s strategic […]
Cora Gold submits completed ESIA for Sanankoro
Cora Gold Ltd said it had completed and submitted an environmental and social impact assessment (ESIA) for the company’s flagship Sanankoro gold project in southern Mali. ESIA ESIA work included stakeholder engagement, specialist baseline and impact assessment studies (including biodiversity, water and social studies), an integrated environmental and social management programme, a conceptual closure and […]