Altus Strategies plc has granted share options for a total 3,425,000 ordinary shares of £0.05 each to certain directors, employees and consultants. SCHEME The share options have exercise prices of £0.65 for 3,125,000 ordinary shares and £0.7315 for 300,000 ordinary shares, representing an 11.1% and 25% premium respectively. Directors and a person discharging managerial responsibilities […]
Tag: metals and minerals
Anglesey Mining plans move to AIM
Anglesey Mining plc said it looked for greater flexibility and potential tax benefits for investors in its proposed move to the Alternative Investment Market (AIM) of the London Stock Exchange (LSE). STRATEGY Anglesey also proposes cancelling admission of the company on the premium segment of the Official List and to trading on the LSE’s main […]
Yanfolila drill assays could extend mine life
Hummingbird Resources plc said that the final results from its 48,000m drill programme showed a potential extension to the life of Yanfolila gold mine in Mali. CONFIDENCE The company analysed a further 12,000m of assays from the Sanioumale East (SE) deposit and 3,179m of assays from the initial drilling at greenfield deposit BBC. Results from 17,700m drilling completed […]
Oriole progresses exploration at Wapouzé
Oriole Resources plc said it continued exploration ahead of identifying drill targets at its 90%-owned Wapouzé gold project in Cameroon. PROGRAMME RESULTS During Q4 2021, the company completed a soil sampling programme over the southwest extent of the Wapouzé licence. Oriole also completed five trenches for 2,524m over previously-identified soil anomalies at the Bataol Zone […]
Oriole drilling delivers bonanza gold grades at Bibemi
Oriole Resources plc announced bonanza gold grades from the completed Phase III diamond drilling programme at its 90%-owned Bibemi gold project in Cameroon. RESULTS The programme focused on infill and extensional drilling for 1,385.4m in nine holes at the Bakassi Zone 1 prospect which is one of four at the project. The company said that results […]
Chesterfield to drill further at Westland trend
Chesterfield Resources plc said it had started planning additional drilling on the Westline gold system and further exploration on the Limni South gold oxide project in Cyprus. CAMPAIGN The company’s field geologists are also planning a methodical mapping and sampling campaign. This will test the prospectivity of “several promising licence blocks” on the company’s 95km2 holding.