Hummingbird Resources plc announced it had resumed 24-hour operations and lowered production guidance from its Yanfolila gold mine in Mali. SECURITY After a stoppage of approximately six days, the company said it was in the process of returning the mine to a more normalised level of production. Increased security is in place but has caused […]
Tag: metals and minerals
New Ballarat starts inaugural diamond drill in Victoria
New Ballarat Gold Corporation plc (NBGC) has started its inaugural diamond drill and added a new 489km2 exploration licence in the Victoria gold fields, Australia. NEW LICENCE The joint venture company is between Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). New Ballarat owns 100% of local operating subsidiary Red Rock Australasia Pty […]
Power Metal raises £112,000 via warrant exercise
Power Metal Resources plc raised £112,000 after receiving notices to exercise warrants over 16,000,000 new ordinary shares of 0.1 pence each in the company. 2019 WARRANTS The warrant shares are being issued pursuant to the exercise of 16,000,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 pence each. Power Metal said that the warrants exercised were issued […]
Cora Gold advances DFS for Sanankoro
Cora Gold Ltd said it was making excellent progress with the definitive feasibility study (DFS) ahead of £25 million funding for the Sanankoro gold project in southern Mali. WORK PROGRAMME Cora added that hydrogeological and geotechnical drilling programmes, as well as geotechnical test pits, have begun on site which lies in the Yanfolila gold belt. […]
Power Metal subsidiary raises £750,000 for listing
Power Metal Resources plc said that its subsidiary Golden Metal Resources Ltd had raised £750,000 in pre-IPO financing for its planned listing and operational expenses for its projects in Nevada, USA. PROJECTS Golden Metal’s portfolio includes the Pilot Mountain tungsten (with copper, silver and zinc) and Golconda Summit (gold). LISTING Capital restructuring of Golden Metal share capital will enable additional […]
Anglesey starts PFS for Grängesberg
Anglesey Mining plc said that a pre-feasibility study (PFS) had started at its iron ore project in Grängesberg, Sweden. HISTORY The company holds an almost 20% interest and management rights to the project, together with a right of first refusal to increase its interest by a further 50.1%. During the life of the original operation, […]