Caerus Mineral Resources plc has completed the acquisition of Gold Mines (Cyprus) Ltd (GMCL) for £300,000. FUNDS The purchase was funded by the recent disposal of the Black Pine nickel-cobalt project and associated licences. NEW LICENCES Caerus said that the three new licences of Anglisides, Pano Lefkara and Layia had a legacy of small-scale mining and host ore stockpiles, […]
Month: November 2024
Red Rock finds copper-cobalt oxides at Luanshimba
Red Rock Resources plc has encountered cobalt-copper oxides in its reverse circulation (RC) drill programme at the Luanshimba copper-cobalt project in Haut-Katanga in the Democratic Republic of Congo. LICENCE The 420 hectare prospecting licence (PR13513) lies in the Congolese copper belt, 65km southeast of the provincial capital of Lubumbashi in Haut-Katanga. The site covers the […]
Red Rock-Power Metal JV seeks London listing
Power Metal Resources plc and Red Rock Resources plc plan a London listing for their joint venture focused on the Victoria gold fields, Australia. LISTING Red Rock Australiasia Pty Ltd (RRAL) is 50.1% owned by Red Rock and 49.9% owned by Power Metal. Paul Johnson, CEO of Power Metal and Andrew Bell chairman of Power Metal are […]
Orcadian licenses 3D seismic data for Pilot-Blakeney-Bowhead
Orcadian Energy plc has licensed a 3D seismic dataset covering the Pilot and Blakeney discoveries and the Bowhead prospect within block 21/27 in the North Sea. POTENTIAL The dataset received from TGS was shot during 2011 and 2012 and reprocessed to focus on the Tay discoveries and prospects during 2018 and 2019. Orcadian said that […]
Power Metal nears diamond drilling at Haneti
Power Metal Resources plc has completed plans for a diamond drill campaign at the 5,000km2 nickel-copper-cobalt-platinum group metals (PGMs) joint venture Haneti project in central Tanzania. DRILL PLANS In April, the company’s partner Katoro Gold plc (65%) began the plans which considered all exploration results and extensive technical consultation. Katoro will now submit the drill […]
Horizonte publishes 2020 sustainability report
Horizonte Minerals plc has published its 2020 sustainability report focusing mainly on the Araguaia ferronickel project with additional data from the Vermelho nickel-cobalt project and corporate head office in Brazil. MAIN POINTS The company highlighted key achievements including no work-related Covid-19 transmissions, no lost time injuries and fatalities and no environmental incidents. In April 2020, […]