Tungsten West plc has published a revised feasibility study to restart its Hemerdon tungsten-tin mine near Plympton, northeast of Plymouth in Devon. FUNDRAISING The FS includes the quantity of ore reserves within the open pit of 35.6 million tonnes of granite at an average grade of 0.18% tungsten trioxide and 0.03% tin, and 35Mt of […]
Tag: mining
Altona’s results bolster case for fluorspar mine
Altona Rare Earths plc said “very encouraging” assays from Monte Muambe “significantly” strengthened the case for a 50,000 tonnes per annum acid-grade fluorspar mine at the Mozambiqe project. GLOBAL The company confirmed grades ranging from 69.72 to 93.31% calcium fluoride from assays of grab samples. The results also validated gallium soil geochemistry as an effective exploration […]
Kavango secures $5m CLN
Kavango Resources plc has secured a US$5 million convertible loan note for mine development, equipment and construction of a gold processing plant at Hillside in Matabeleland, Zimbabwe. MINING The interest-free CLN is with a consortium of Zimbabwe-registered pension funds, whose agent and administrator is Comarton Consultants (Private) Ltd. The funds can be drawn in three […]
Cadence Minerals raises £4.1m
Cadence Minerals plc said it had raised gross proceeds of £4.1 million in a “significantly” oversubscribed fundraising. PLACING AND SUBSCRIPTION A total of 19,512,180 placing shares in the company have been placed with new and existing investors at a price of 20.5 pence per share. In addition, Cadence has secured a further £0.1 million via a direct subscription of 487,805 shares […]
UK needs strategy to survive critical minerals’ shortage
A multi-faceted approach, overseen by a national strategy, is need to overcome any future shortages of critical minerals for the UK economy, according to a discussion panel. SUPPLY CHAINS In a breakfast chat hosted by Jeff Townsend of the Critical Minerals Association (CMA), the panel looked at technological substitutes, integration of mining businesses and a […]