Alba Mineral Resources plc said that analysis of drill core and in-mine rock samples has provided proof of four geochemical groupings at Clogau-St David’s gold mine in Wales. AURIFEROUS VEIN The assay analysis was of 2021 Phase II underground and surface drill core, 2019 drill core and additional in-mine rock samples. A total of 23 […]
Tag: metals and minerals
Horizonte buys $7m ferro-nickel processing equipment for Araguaia
Horizonte Minerals plc said it had acquired certain new and unused ferro-nickel processing equipment for approximately US$7 million for its project in Araguaia, Brazil. VENDORS The company’s subsidiary Araguaia Niquel Metais Ltda (ANM) entered into an asset purchase agreement with Companhia Brasileira de Alumínio (CBA), which is controlled by industrial and financial investment holding company […]
Altona continues application to LSE main market
Altona Rare Earths plc said that, following the Financial Conduct Authority (FCA)’s recent change in policy, it could still continue its application for admission to the London Stock Exchange (LSE)’s Main Market. MINIMUM MARKET CAPITALISATION The company added that as a result of the policy statement, from 3 December 2021, all companies seeking to list […]
Power Metal raises £52,500 through warrant exercise
Power Metal Resources has raised £52,500 after receiving notices to exercise warrants over 7,500,000 new ordinary shares of 0.1 pence each in the company. The warrant shares are being issued at an exercise price of 0.7 pence per ordinary share of 0.1 pence each.
Red Rock progresses Kenya gold exploration
Red Rock Resources plc has progressed exploration drilling at its gold licence interests in southwest Kenya. WESTERN LICENCE The company holds a 75% direct interest in Mid Migori Mining Company Ltd which controls a 723 koz JORC gold resource within two exploration licences in the Migori greenstone belt. The asset comprises the Mikei resource with […]
New structure for Red Rock-Power Metal JV in Victoria
Red Rock Resources plc and Power Metal Resources plc announced a new business structure ahead of a drill programme in their Victoria gold fields joint venture, Australia. ADDITIONAL LICENCE Red Rock has exchanged shares in its JV Red Rock Australasia Pty Ltd for 50.1% of the newly formed New Ballarat Gold Corporation (NBGC) plc. Power […]