Red Rock Australasia Pty Ltd has been granted two further gold exploration licences near the historic mining centre of Ballarat in the Victoria gold fields of Australia. OLD MINES The joint venture comprises Red Rock Resources plc holding a 50.1% interest and Power Metal Resources with 49.9%. Power Metal chief executive Paul Johnson and chairman […]
Day: 15 November 2024
Helium One mobilises drill rig
Helium One Global Ltd said it had mobilised a drilling rig and equipment from Tanzania and Mozambique ahead of drilling in May at its Rukwa project in Tanzania. The company also announced that its ordinary shares have today started publicly cross-trading on the US OTCQB Venture Market. PREPARATIONS The rig and equipment has been moved […]
Horizonte awards ESIA for Vermelho nickel-cobalt
Horizonte Minerals plc has awarded the environmental and social impact assessment (ESIA) contract to Ramboll for the company’s 100% owned nickel-cobalt Vermelho project in Brazil. The ESIA will form part of the process to obtain permits for Vermelho and is expected to lead to the award of the preliminary licence. The integrated ESIA will reflect […]
Condor Gold notes high grade drill results in La India starter pits
Condor Gold plc reported high grade intersects with the completion of infill drilling in the starter pits at La India gold project, Nicaragua. Condor said it intended to mine them early to quicken the payback period and enhance the project’s economics. The two planned high-grade starter pits (up to 35 metres deep) were drill tested […]
Power Metal raises £26,250 through warrant exercise
Power Metal Resources plc has received £26,250 after receiving notices to exercise warrants over 3,750,000 new ordinary shares of 0.1 pence each in the company (warrant shares). The warrant shares are being issued pursuant to the exercise of 3,750,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 pence each in […]