Power Metal Resources plc said it was preparing for the most effective way to develop target areas in its gold, rare earth element (REE) and uranium projects in Australia. WALLAL-BRAESIDE WEST-RIPON HILLS The company owns 83.33% of local company First Development Resources Ltd (FDR), which plans to list on the London capital markets in Q3 2022. FDR recently completed a […]
Day: 15 November 2024
New Ballarat pauses drilling for results at Victoria
New Ballarat Gold Corporation plc joint venture (JV) has paused drilling to await assay results from exploration in the Victorian gold fields, Australia. JOINT VENTURE The JV comprises Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%). New Ballarat has a 100% interest in Red Rock Australasia Pty Ltd (RRAL). INITIAL RESULTS The company completed […]
Altus awarded mining licence for Agdz Cu-Ag project
Altus Strategies plc has been awarded a 10-year mining licence for its 100% owned Agdz copper and silver project in Morocco. AGDZ The site lies 14km southwest of the Bou Skour copper-silver mine in the eastern Anti-Atlas of Morocco. Agdz hosts four significant copper-silver prospects covering some 8km2. The company’s Moroccan portfolio is held by […]
Oriole receives £403,000 R&D tax rebate
Oriole Resources plc said it had received a tax rebate of £403,000 in relation to “geoscientific advances sought by the company through its exploration programmes” in West Africa. GEOLOGICAL DATA The company made the research and development (R&D) tax relief claim from Her Majesty’s Revenue and Customs for the year ended 31 December 2021. Oriole added […]
Cadence resumes sales of Amapá iron ore stockpiles
Cadence Minerals plc said that the sale and shipment of iron ore stockpiles has restarted from its joint venture (JV) iron ore stockpiles from Santana, Amapa in Brazil. JOINT VENTURE The company owns 27% of the project, with Indo Sino Pty Ltd owning the remaining 73%. The JV company is Pedra Branca Alliance Pte. Ltd […]