Dalradian Gold has held several meet-the-buyer events on opportunities at the proposed £750 million gold-silver-copper mine in County Tyrone, Northern Ireland. PROTEST The American company, backed by Orion Resource Partners, said that in recent months approximately 100 businesses had attended information sessions. The mine plans, which have attracted more than 40,000 representations, are subject to […]
Tag: extractive industries
Cadence investee to start drilling at Lake Giles
Cadence Minerals plc said that geotechnical drilling would soon start to support mine planning as part of the current feasibility study for the magnetite Lake Giles iron project in Yilgarn, Western Australia. RESULTS The company holds 1% of the issued equity interest in Australian explorer and operator Macarthur Minerals Ltd. Crew and equipment will begin […]
Banks to open new projects and close Dewley Hill coal plan
Banks Mining said it was looking to new opportunities after deciding not to appeal against the refusal for its planned open cast coal mine at Dewley Hill, near Throckley on the border of Newcastle and Northumberland. Newcastle City Council rejected the proposals last year over environmental concerns. The Northern Echo reported that the skills of […]
New zone and encouraging drill results for Altus at Tabakorole gold JV
Altus Strategies plc reported further encouraging diamond drill results and a new zone of gold mineralisation near the main deposit at Tabakorole, southern Mali. RESULTS The diamond drill programme in process totals 19 holes for 3,400m. Results from first six holes for 1,126m include:– 2.0 g/t Au over 13m from 174m– 3.9 g/t Au over […]
Power Metal raises £87,500 through warrant exercise
Power Metal Resources plc raised £87,500 after receiving notices to exercise warrants over 12,500,000 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 12,500,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 pence each.
Altus doubles landholding with new gold licence at Tabakorole
Altus Strategies plc has increased its landholding by 56% to 292km2 at the joint venture (JV) gold project at Tabakorole in southern Mali. The mining royalty company holds a 49% equity interest and 2.5% net smelter return (NSR) royalty on the project. Exploration activities at Tabakorole are being funded by JV partner Marvel Gold Ltd. […]