Kavango Resources plc said it had identified the upper edge of a conductive anomaly from an initial downhole electromagnetic (DHEM) survey at its Kalahari Suture Zone (KSZ) project in Botswana. SURVEY The DHEM survey, completed to a depth of 1.001m, was in drill hole TA2DD002 which is the second of the current drill campaign. Kavanago […]
Tag: metals and minerals
Power Metal acquires FDR Australia
Power Metal Resources plc has acquired 100% of First Development Resources Pty Ltd (FDR Australia) after receiving the final copper-gold licence in the Paterson Region of Western Australia. WALLAL Earlier in 2021 the company made an offer, conditional on the granting of the final licence in the Wallal project, for 75% of the Australian company. Following receipt today […]
Condor raises £4.1m via private placement
Condor Gold plc has raised £4.1 million before expenses from a private placement through issuing new ordinary shares representing 8.7% of the company’s existing issued share capital. UNITS The company placed 11,714,286 units each at 35p including a directors and chief financial officer’s subscription. Four directors Mark Child, Andrew Cheatle, Ian Stalker and Jim Mellon, […]
Kavango awarded EMP for Kalahari licences
Kavango Resources plc has been awarded an environmental management plan (EMP) covering all of its prospecting licences in the Kalahari copper belt, Bostwana. OPERATIONS The two-year licences include those within the Kanye Resources 50-50 joint venture with Power Metal Resources plc and the 90% earn-in JV with LVR GeoExplorers (Pty) Ltd. Kavango said that the […]
Power Metal applies for 1,994km2 licences in Australia
Power Metal Resources plc has applied for two licences covering 1,994km2 and targeting Olympic Dam-style copper-gold mineralisation in the Gawler Craton, South Australia. SUBSIDIARY The company’s new wholly owned Australian subsidiary, Power Metal Resources Australia Pty Ltd (Power Australia) will be the host vehicle for new Australian exploration interests of Power Metal. These are being acquired to replace current […]
Caerus analyses show high grade Cu mineralisation at Troulli
Caerus Mineral Resources plc’s trenching and sampling of residual metals have revealed “very high grade visible copper mineralisation” at the Troulli project in Cyprus. ANALYSES More than 100 separate XRF* analyses within the Troulli run-of-mine (ROM) stockpile show peak grades from 17.6% Cu to 4.5% Cu, with the average grade achieved to date of 6 […]