Hummingbird Resources plc said a definitive feasibility study showed a 2.76 million oz reserve base and 14-year life of mine with further potential for its 2,559 km2 Dugbe gold project in southern Liberia. MINE LIFE Currently comprising two deposits of Dugbe F and Tuzon, discovered by Hummingbird in 2009 and 2011 respectively, the project holds […]
Tag: metals and minerals
Power Metal plans mapping and sampling at Selta
Power Metal Resources plc’s subsidiary plans mapping and surface sampling of prospective lithium targets at its Selta uranium-rare earth project in the Northern Territory, Australia. BUSINESS STRUCTURE First Development Resources Ltd (FDR), 82.78% owned by Power Metal, conducted a specific review on lithium following a recent in-depth data review covering the licence area. Selta is held within URE […]
Red Rock-Power Metal note potential grades at Victoria
Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%)’s initial drill results made a promising start for the joint venture’s subsidiary New Ballarat Gold Corporation plc in the Victoria gold fields in Australia. JOINT VENTURE Red Rock Australasia Pty Ltd (RRAL), the 100% owned Australian operating subsidiary of New Ballarat, is conducting exploration […]
Altona to increase Mozambique REE share
Altona Rare Earths plc said completion of its Phase I work programme had satisfied one of the terms required to increase its holding in Monte Muambe Mining Lda (MMM) at the Monte Muambe project in Mozambique. INCREASED HOLDING The company is in the process of receiving approval from the Mozambique government, after which it will […]
GreenRoc increases tonnage at Kalaaq graphite exploration target
GreenRoc Mining plc said it had further increased the tonnage range of the Kalaaq exploration target at its Amitsoq graphite project in Greenland. RESULTS The company, in which Alba Mineral Resources plc holds a 54% interest, based the new figures on additional channel and field sampling along with field mapping during the 2021 field season. […]
Corcel adds nickel exploration to vanadium at Dempster
Corcel plc said it had added nickel in its exploration scope at the Dempster vanadium project (50%) in Northern Yukon, Canada. NICKEL The company made the decision, subject to shareholder approval, following a recent external desktop study and a larger review of the project. Corcel added that high grade NiMo layers have been reported in […]