Altona Rare Earths plc announced it intends to develop its portfolio with multiple African projects across the four countries of Mozambique, Angola, Tanzania and Uganda. The company expects to secure new rare earths projects in the second half of 2021, should they follow a strict selection process. In its current portfolio, Altona is negotiating three acquisition contracts through which it […]
Tag: metals and minerals
Oriole results back model for Bibemi gold exploration
Oriole Resources plc said that drill results showed that its preliminary exploration model for mineralisation was correct at the Bibemi gold project in Cameroon. The company today reported further high grade intersections from its 3,118m diamond drilling programme at its 51%-owned venture. Holes BBDD002 to BBDD009 are all from the 5.3km-long Bakassi Zone 1 prospect […]
Altus Strategies appoints David Hall as strategic advisor Egypt
Altus Strategies plc has appointed mining executive David Hall as strategic advisor for Egypt. Mr Hall is an economic geologist with more than 35 years’ experience and has worked on exploration projects and mines in more than 55 countries with major and establishing companies. He is chairman and co-founder of Horizonte Minerals plc and founded […]
Erris scout drilling ‘confirms’ Lead Trial proof of concept
Erris Gold Resources Ltd said that a completed scout diamond drilling programme had confirmed proof of concept at the Lead Trial prospect within the Loch Tay licence in Perthshire, Scotland. PROGRAMME In April, the programme of six holes for 565 metres tested the depth extent of the outcropping A-Vein. This followed the collection of 155 […]
Caerus completes acquisition of PR Ploutonic
Caerus Mineral Resources plc announced it had completed its acquisition of PR Ploutonic Resources Ltd and its three advanced copper-gold exploration licences in Cyprus. The company is paying £750,000 for the licences to be paid in 3,311,258 restricted-trading, new ordinary shares of 0.1p each (consideration shares) each at 22.65p. PRL is registered in the country […]
Cornish Metals increases MRE for South Crofty
Cornish Metals Inc announced a material increase in resource following results of a new mineral resource estimate (MRE) at South Crofty tin mine in Cornwall. LOWER AND UPPER MINE Revised figures show a 9.5 to 10% increase in indicated resources in the lower and upper mine area, and nearly 130% rise in inferred resources in […]