Cora Gold Ltd said it had been re-awarded the Farassaba III permit for nine years at its gold exploration project in western Mali. The permit, which was re-awarded on the 12 February 2021, covers the same area of 93km2 as the expired permit. It comprises part of the 300km2 group of four permits collectively known as Cora’s […]
Day: 15 November 2024
Power Metal acquires further Ontario gold properties
Power Metal Resources plc has exercised its options to buy two further properties on the Schreiber-Hemlo greenstone belt in north-western Ontario, Canada. OPTION The Magical and Enable properties are the final two of four gold exploration properties on which the company signed an exclusive option to acquire a 100% interest. The move follows the company’s […]
Horizonte awarded power licence for Araguaia nickel
Horizonte Minerals plc has been awarded the construction licence package to develop the power line for its 100% owned Araguaia Ferronickel project in Brazil. The approved package includes the preliminary licence (Licença Prévia), the construction licence (Licença de Instalação), and the related fauna and flora licences. These were granted by the Pará State Environmental Agency, […]
EnQuest farms down 85% of Eagle to Hibiscus for $1
EnQuest plc today announced it had signed an agreement with Anasuria Hibiscus UK Ltd to farm down an 85% working interest in the Eagle discovery in the UK North Sea. EnQuest, which will retain a 15% non-operating working interest, will also transfer the operatorship. Consideration is in the form of a nominal $1 payment due […]
GreenOre partner reaches second earn-in for Ayrshire
GreenOre Gold plc announced that its joint venture partner Koza Ltd has achieved the second earn-in on the Ayrshire gold prospect. JOINT VENTURE The Turkish company now holds an 80% interest in the project with GreenOre retaining 20%. All further spend will be conducted on a pro-rata basis. GreenOre said that the earn-in represented work […]
Power Metal raises £18,992 via warrant exercise
Power Metal Resources plc received £18,992 following notices to exercise warrants over a total 2,199,200 new ordinary shares of 0.1 pence each in the company. Exercise of 1,199,200 warrants is at 1.0 pence per ordinary share and 1 million warrants at 0.7 pence per ordinary share. Following admission, Power Metal’s issued share capital will comprise 1,135,917,930 […]