Red Rock Resources plc has established a 75% owned lithium subsidiary and acquired lithium assets in southeast Zimbabwe. BIKITA The company owns African Lithium Resources Pvt Ltd (ALR) with a local partner. ALR has acquired a 51ha lithium claim, named Houghton C, 29km northwest of Bikita at Tin Hill and is in the process of […]
Tag: metals and minerals
Conroy Gold completes JV agreement with Demir
Conroy Gold and Natural Resources plc has completed the joint venture agreement with Demir Export SA for gold licences in Ireland and Northern Ireland. CONDITIONS The company said all outstanding conditions had been met and that it had received €1 million. Work began at Clontibret in January 2022 and a 3,000 metre drilling programme is planned […]
Cadence ‘balances risk and reward’ in sale of lithium interests
Cadence Minerals plc is in line to receive A$6.63 million (£3.7m) from the sale of its holdings in two lithium companies in Northern Australia. TERMS The early investment strategy and development company owns 31.5% of Lithium Technologies (LT) and Lithium Supplies (LS). LT and LS hold two prospective exploration licences and one exploration application in Australia and seven […]
Scotgold makes second cut and first notable revenues
Scotgold Resources Ltd reported the second cut, allowing access to reserve mine gold grade and greater future revenues, at its Cononish gold-silver mine near Tyndrum in Scotland. FINANCES H2 2021 The company reported the news in its interim results for the six months ended 31 December 2021. Revenues were A$6.4 million (£3.6m) compared with H1 […]
Kavango prepares to drill test targets for REES at Ditau
Kavango Resources plc said it had identified three drill test targets out of 12 geophysical structures at its rare earth elements (REES) joint venture project at Ditau, Botswana. JOINT VENTURE Ditau is held in a 50-50 joint venture (Kanye Resources) comprising Power Metal Resources plc and Kavango as the operator. Kavango noted that the 12 […]
Caerus notes further anomalous gold from Mala dumps
Caerus Mineral Resources plc reported further anomalous gold values in the waste dumps at Mala in Cyprus. RESULTS Hand auger sampling of mine waste dumps returned anomalous gold grades. Caerus said that 80% of the total number of gold assays received returned anomalous results above 0.29g/t gold. Percentage of samples exceeding the required grade (%) Grade […]