Galantas Gold Corporation has awarded 1,742,500 incentive stock options on the company’s common shares to directors, employees and consultants. GRANT The award is in accordance with the terms of the incentive stock option plan. Galantas said that the exercise price for the options, which expire on 3 May 2027, is C$0.60 per share. The board […]
Tag: metals and minerals
Horizonte appoints Philipa Varris as head of sustainability
Horizonte Minerals plc has appointed Philipa Varris as head of sustainability with immediate effect. She joins the company’s senior management team in London, working closely with the Araguaia and Vermelho project teams in Brazil. Ms Varris has held leadership positions in sustainability and environment, social and governance (ESG) management in mining for more 25 years, […]
Caerus results indicate new Troulli mineralised zone
Caerus Mineral Resources plc said that recent drill results indicated an extension to copper-gold mineralisation at the Troulli project in Cyprus. PLANT DESIGN The company and its joint venture partner Bezant Resources plc received assays for eight out of ten recently completed drillholes. Caerus highlighted hole TRDD030 intersection of high-grade copper – gold mineralisation over a “notable […]
CAML marks 10 years of Kounrad copper production
Central Asia Metals has marked 10 years’ production at its Kounrad dump leach, solvent extraction and electro-winning copper recovery plant in Kazakhstan. KOUNRAD The company reached the milestone on 30 April 2022 and expects to produce copper at its 100% owned project until 2034. Kounrad’s copper resources are waste dumps formed during prior mining activities which […]
Kavango-Power Metal complete first Ditau borehole
Kavango Resources plc and Power Metal Resources plc have completed the first diamond drill hole at the Ditau Camp rare earth element (REE) project in Botswana. JOINT VENTURE Ditau is a 50-50 strategic joint venture, operating as Kanye Resources, between Power Metal Resources plc and Kavango as the operator. The project comprises two prospecting licences […]
Galantas losses increase at Cavanacaw gold mine
Galantas Gold Corporation reported an increase in losses as administrative costs doubled for its gold project at Cavanacaw in Omagh, Northern Ireland. FINANCES The Canadian company’s results for year ended 31 December 2021 show net loss of CA$5,284,431 (2020: $3,228,452). General administrative expenses were $4,332,865 (2020: $2,065,277). Cash outflow from operating activities before changes in non-cash […]