Power Metal Resources plc has started its inaugural 1,000 metre diamond drill programme on the nickel-copper-cobalt-platinum group element (PGE) joint venture (JV) Haneti project in central Tanzania. PROGRAMME The JV, comprising Power Metal (35%) and Katoro Gold plc (65%), renewed the Haneti licences for a further seven years before the start of drilling. The programme comprises three […]
Tag: metals and minerals
Galantas signs $1.06m loan with Ocean Partners
Galantas Gold Corporation has entered into a loan agreement for US$1.06 million (£800,000) with Ocean Partners UK Ltd for working capital and Cavanacaw gold mine in Omagh, Northern Ireland. TERMS Galantas said in a statement that the loan would carry an interest at an annual rate of 10% and is payable six months from the […]
Red Rock receives £25,515 in options exercise
Red Rock Resources plc received £25,515 in an options exercise after director Scott Kaintz sold 1,785,714 ordinary shares at a price of £0.00575 per share. OPTIONS EXERCISE On 20 January 2022, the board of directors approved the issuance of 5,670,000 ordinary shares of £0.0001 each in Red Rock, pursuant to the exercise of 2016 options […]
Ascent raises £600,000 via placing
Ascent Resources plc raised £600,000 through issue of 18,181,818 placing shares each with a nominal value of 0.5 pence per share each at a placing price of 3.3 pence. Align Research Ltd, which is a substantial shareholder of Ascent, subscribed for £50,000 of the new equity issue.
Ascent signs JV for Peru secondary mining and recovery
Ascent Resources plc said it would focus its environment, social and governance (ESG) projects on secondary mining and recovery in Peru. JOINT VENTURE The company has signed a joint venture (JV) agreement with Lima-based investment manager Blanco Safi SAC to identify and develop precious and base metal-rich tailing and processing operations. Founded in 2010, Blanco’s […]
Kavango identifies strong gravity anomaly in KSZ, Botswana
Kavango Resources plc has identified a strong gravity anomaly over the 11km diameter Great Red Spot (GRS) at the company’s copper-nickel-PGM Kalahari Suture Zone (KSZ) project, Botswana. GRAVITY SURVEY In December 2021, Kavango conducted a gravity survey over the GRS in Target Area B, covering boreholes KSZDD001 (1,000m) and KSZDD002 (currently 390m). The company acquired […]