Altus Strategies plc ended the first half of 2021 with a strong cash balance and an increase in profits from its mining projects in West Africa. FINANCES In financial results for the six months ended 30 June 2021, the company reported a cash balance of £10,808,985 (H1 2020: £5,937,486) following a private placement in March […]
Month: November 2024
Power Metal receives £43,750 via warrant exercise
Power Metal Resources plc received £43,750 following notices to exercise warrants over 6,250,000 new ordinary shares of 0.1 pence each in the company. The warrant shares are each being issued at an exercise price of 0.7 pence.
Oriole weighs ‘huge exploration potential’ at CLP
Oriole Resources plc’s initial sampling results support its hypothesis of huge potential for gold exploration on the 3,592km2 Central Licence Package (CLP) in Central Cameroon. PRIORITY Following a desktop remote sensing study that identified 12 initial priority gold targets, Oriole conducted a mapping and stream sediment sampling programme. The programme was completed over the five easternmost licences, […]
Helium One starts drilling Tai-2 exploration well
Helium One Global Ltd has started drilling its second exploration well, Tai-2, at its 100% owned Rukwa project in Tanzania. TARGETS The exploration well targets prospective Lake Bed stratigraphy, which was identified but not fully evaluated as part of the drilling of Tai-1. Tai-2 is located 20m from Tai-1 and utilises the same drill pad, […]
Tati anomalies could be game changing for Power Metal
Power Metal Resources plc confirmed large scale anomalies from first soil sample results at its wholly owned gold-nickel Tati project near Francistown in Botswana. SAMPLING The company collected a total of 1,107 soil samples and 49 rock samples across five grid areas. The results are from 727 soil samples from grids 2 to 5, analysed […]
Altona appoints Luis Veloso as project manager
Altona Rare Earths plc has appointed Luis Veloso as project manager for the Monte Muambe project in Mozambique. Mr Veloso, aged 38, is a qualified exploration geologist and environmental technician, and a board member of the Mozambican Geology and Mine Association. He has worked in Mozambique for the past 12 years, including spending 18 months […]