Nativo Resources plc has raised gross proceeds of £150,000 via a placing of 42,857,142 new ordinary shares of 0.15 pence each, at a price of 0.35 pence per share. PERU The placing price represents a premium of approximately 7.7%. Following admission, Nativo’s total number of ordinary shares in the capital in issue will be 290,292,675, […]
Tag: processing plant
Kavango to process 50t/d gold at Bill’s Luck
Kavango Resources plc has started building a 50 tonne-a-day carbon in pulp (CIP) gold processing plant at the Bill’s Luck gold mine within its Hillside gold project in Zimbabwe. STOCKPILE The move follows the discovery last week of new gold “reefs”, which led the company to expect that the Bill’s Luck gold system is much […]
Helium One completes Galactica six-well drilling
Helium One Global Ltd reported an increase in flow rates from the State-9 well as the six-well Galactica drilling programme completes in Las Animas County, Colorado, USA. PROCESSING Since total depth in the Upper Lyons Sandstone formation, the flow rate in State-9 has increased to more than 360 thousand cubic feet per day (Mcfd). Projected […]
Metals finds new target to process at Runruno
Metals Exploration plc has identified a potential exploration target, which it previously relinquished, that could extend the life of ore processing at Runruno in the Philippines. PERMITS The company said that the gold mine’s processing plant could be redesigned to take any ore from the site, called Dupax, to process into a saleable mixed metal […]
Hummingbird starts hot commissioning at Kouroussa
Hummingbird Resources plc has started the hot commissioning phase before planned first gold pour at the Kouroussa gold mine in Guinea. PROCESSING PLANT The company said that Phase I of testing the processing plant’s mechanical, electrical and overall functionality had performed “per design”. First ore was introduced to the circuit at the one million tonne […]