Ormonde Mining plc has given a mixed reaction to its 18.9% investee Peak Nickel Ltd’s option offer for Winshear Gold Corp to acquire the Portsoy licence in Aberdeenshire. CHALLENGING If exercised, the Canadian explorer would need to complete a £3 million drilling programme for 1,000m over five years, with a minimum annual spend of £300,000. […]
Tag: Peak Nickel Ltd
Peak signs Portsoy option with Winshear
Peak Nickel Ltd has signed an “arm’s length” option agreement for Canadian explorer Winshear Gold Corp to earn 100% of its Portsoy nickel, copper and cobalt exploration licence in Aberdeenshire. NEAR SURFACE The 250km2 licence contains the Rodburn target as well as others yet to undergo drill testing. Peak’s work from 2022 to 2023 includes […]
Ormonde appoints Steve Nicol as NED
Ormonde Mining plc has appointed its technical advisor Steve Nicol as a non-executive director, with immediate effect. Earlier this month he was appointed chief executive of the company’s investee TRU Precious Metals Corp, where he has been a director since Ormonde’s investment in 2023. In April, Mr Nicol was made a director of Ormonde’s other investee Peak Nickel […]
Peak Nickel begins 1,000m drill at Rodburn
Peak Nickel Ltd has started a 1,000 metre drill campaign, with a possible extension, at the Rodburn project in Aberdeenshire, Scotland. COMPELLING The programme, on the “highest grade battery metals project in the UK”, follows last year’s 2,600m drill for 18 holes, testing areas around historically identified, non-compliant mineral resources. The Sheffield-based company’s new estimate […]
Peak appoints ex-Cornish Metals CEO as director
Peak Nickel Ltd has appointed former Cornish Metals chief executive officer Richard Williams as a director. He is joined by Steve Nicol, also as a director. Mr Nicol is Ormonde Mining plc’s technical advisor, as well as a director of TRU Precious Metals Corp and chair of its technical committee. Companies House reported the changes […]
Peak Nickel appoints Michael Quigley as director
Peak Nickel Ltd has appointed Michael Quigley as a director, effective from 20 October. Mr Quigley joins directors Stewart Lockwood, Anne Marie Mackenzie and Christopher Mackenzie. In September, Brian Timmons resigned as a director from the Sheffield-based company.