Metals Exploration plc has agreed a five-year US$27 million financing package for its fleet of mining equipment for La India gold project in Nicaragua. The company has drawn down an initial US$20.2m of the facility secured from the Banco de America Central S.A. and expects to use the balance of $6.8m as more equipment arrives […]
Tag: processing plant
Kavango starts up Hillside gold processing plant
Kavango Resources plc has installed and started operating its processing plant, designed to take 50 tonnes per day, at its Hillside gold project in Matabeleland, Zimbabwe. EXPAND CAPACITY Commissioning began on 1 July 2026, using feed material that included stockpiled and freshly milled gold-bearing sands, and reached 69% capacity between 18 and 28 July. The […]
Metals on track at La India with increased budget
Metals Exploration plc has increased its total budget forecast from US$165 million (£125m) to $171m (£130m) due to “revised electrical infrastructure costs” at La India gold project in Nicaragua. CONSTRUCTION The new figure follows the company’s decision to build a 138 kilovolt substation with the country’s national electricity transmission company ENATREL for US$6.2m, which is […]
Critical Mineral intercepts gold at Agadir Melloul
Critical Mineral Resources plc posted an “extremely exciting” gold intercept in a shallow setting, and delineated further copper mineralisation, from core drilling at Agadir Melloul, in central Morocco. TARGETS Operations at Zone 2 North, which contains the rhyolite discovery, revealed an intercept of 2.5g/t gold over one metre from 5m. Results also included near surface […]
Nativo raises £150,000
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, […]
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 […]