Company Moves Metals & Minerals News

CAML appoints Louise Wrathall as executive director

Central Asia Metals has appointed Louise Wrathall to the board as executive director of corporate development. Ms Wrathall has been a key member of the senior management team since she joining the company in 2015. Central Asia Metals said that her appointment emphasised the importance the company placed on investor relations, business development and environmental, […]

Company Moves Metals & Minerals News

Central Asia NED Robert Cathery retires

Central Asia Metals plc announced that non-executive director and chair of the remuneration committee Robert Cathery has retired from the board. He was also responsible for transforming the company’s long-term incentive plan and incorporating its wider sustainability targets into executive director and management remuneration.  

Finance News Oil & Gas

Egdon records £2.2m revenue and repays £1m loan

Egdon Resources plc has repaid the £1 million facility loan to Union Jack Oil plc and recorded £2m revenue from its onshore oil projects. FINANCES The company’s unaudited report for Q3 of its financial year (February to April 2022) showed revenue of £2.23m (2021: £0.31m and H1 2022: £2.55m). Egdon said that revenue was primarily […]

Metals & Minerals News

Condor notes’ significant’ assays from La India

Condor Gold plc reported “significant” assay results from sampling of geotechnical drill holes on the open pit at La India project in Nicaragua. RESULTS The company said that the twin geotechnical drill holes LIGT528 and LIGT536 provided a useful additional infill in the planned Northern starter pit. Intercepts were within and between the planned high-grade […]

Finance Metals & Minerals News

Tertiary records £600,000 losses from copper projects

Tertiary Minerals plc reported operating losses of £604,213 from its copper portfolio in Nevada and Zambia. FINANCES The company’s unaudited results for the six-month period ended 31 March 2022 showed an impairment of £361,379 relating to the Pyramid gold-silver project in Nevada. This followed reverse circulation drilling at the project failing to demonstrate mineralisation at […]

Metals & Minerals News

Alba Mineral reviews NRW feedback on Llechfraith dewatering plans

Alba Mineral Resources plc said it was reviewing feedback on additional data submitted for its plans to dewater the Llechfraith shaft at Clogau-St David’s gold mine in Wales. ADDITIONAL DATA In November 2021, regulator Natural Resources Wales (NRW) refused permission for the plans to obtain permits allowing the discharge of mine water, post-treatment, to the […]