Alba Mineral Resources plc said it had received assay results from gold concentrates up to 1,000 g/t, with average head grades of 1.7 g/t from the historic waste tip at its Clogau-St David’s gold mine in Wales. WASTE TIP The 2,833 m² waste tip comprises ore rock mined but discarded and not processed for its gold content during […]
Tag: metals and minerals
Power Metal receives £18,750 through warrant exercise
Power Metal Resources plc said it had raised £18,750 after receiving notices to exercise warrants over 2,500,000 new ordinary shares of 0.1 pence each. These were at an exercise price of 0.75p per warrant share.
Scotgold repays Bridge Barn loan with revenue from gold sales
Scotgold Resources Ltd has repaid the short-term loan plus interest from Bridge Barn Ltd with just over £1 million revenue from its April 2022 gold concentrate sales. Bridge Barn is owned and controlled by one of Scotgold’s non-executive directors Nathaniel Le Roux. The Australian company used the £250,000 for working capital requirements affected by shipment […]
Scotgold receives first £1.2m tranche of Fern Wealth loan
Scotgold Resources Ltd said it had received and completed the first tranche of the new loans drawn down for £1.2 million from Fern Wealth GmbH. TRANCHES The amount is part of the £3m deal agreed with the syndicate of high net worth individual during April 2022, with the remaining £1.8m drawdown on or before 30 […]
Red Rock-Power Metal granted more licences
Red Rock Resources plc and Power Metal Resources plc joint venture has been granted three further exploration licences in the Victoria gold fields of Australia. EXPLORATION Red Rock Resources Australasia Pty Ltd (RRAL)’s subsidiary is New Ballarat Gold Corporation plc (NBGC). Red Rock holds 50.1% and Power Metal owns 49.9% in NBGC which now has 14 […]
Oriole completes sampling of priority 1 grids at CPL
Oriole Resources plc has completed sampling of the remaining four ‘Priority 1’ grids for a further 3,114 samples at its Central Licence Package (CLP) in Central Cameroon. LICENCE APPLICATION The news comes with the company’s application for a further licence, Maboum, to the east of the CLP and contiguous with the existing package. SAMPLING The […]