Altona Rare Earths plc has raised £1.25 million before expenses from a “significantly over subscribed” placing. Funds raised will be used for evaluating and developing projects in Africa.
Month: November 2024
Tungsten West holds MRE of 328Mt at Hemerdon
Tungsten West Ltd announced a JORC mineral resource estimate (MRE) of 328Mt at 0.12% WO3 [tungsten oxide] and 0.03% tin at its Hemerdon project in the village of Plympton in Devon. MINERAL RESOURCE ESTIMATE The MRE, effective of 7 December 2020, was prepared by Mining Plus UK in accordance with the JORC Code 2012. Inclusive […]
Tungsten West appoints three new directors
Tungsten West Ltd has appointed three new directors and announced the ending of fourth directorship. Companies House recorded that Grace Elanor Stevens, David Connal Cather and Australian consultant Robert Norman Ashley have been named as directors. Stephen Leslie Fabian’s role as a director at Tungsten West has ended.
Block to test WR-B1a and adds second well at Rustavi
Block Energy plc announced it would soon test well WR-B1a following completion of drilling operations and that a second well for 2021 was also being prepared at West Rustavi, Georgia. WR-B1 WR-B1 was initially drilled to 2,180m and encountered hydrocarbon shows higher in the Middle Eocene reservoir than expected. The company said that shows continued […]
Anglesey Mining swings to £3.7m profit
Anglesey Mining plc swung to a profit of £3.7 million for the last financial year, compared with a £0.3m loss the previous year, due to its 12% holdings in Labrador Iron Mines in Canada. FINANCES In its full year results ended 31 March 2021, the company reported no revenues from its own base and precious […]
Cora Gold signs new $25m term sheet for Sanankoro
Cora Gold Ltd has signed a new US$25 million mandate and term sheet with investment firm, Lionhead Capital Advisors Proprietary Ltd, to develop the Sanankoro gold project in southern Mali. MINE ECONOMICS The agreement is conditional on, among other matters, the completion of a definitive feasibility study before the end of June 2022. The term […]