Oriole Resources plc said that a revised environmental impact assessment (EIA) report has been submitted for its Muratdere copper-molybdenum porphyry development project in Turkey. HISTORY Oriole operated the project from 2005 to 2011, delivering a JORC-compliant inferred resource of 51 million tonnes grading 0.36% Cu, 0.12 g/t Au, 2.40 g/t Ag, 0.0125% Mo and 0.34 […]
Day: 15 November 2024
Power Metal looks to West Africa uranium
Power Metal Resources plc has further expanded its uranium portfolio with its first venture into Togo, West Africa. TARGETS The company already has uranium interests in Saskatchewan, Canada and the Northern Territory, Australia. Power Metal added that existing project targets had been established in Togo and that it was planning next stages of exploration as well as […]
Corcel looks to binding deal for Mambare-Wowo Gap
Corcel plc said that its proposed off-take partner had invited the company to move to a binding agreement for supplies from the Mambare (41%) and Wowo Gap (100%) nickel-cobalt projects in Papua New Guinea. AGREEMENT In January 2022, the company signed a non-binding memorandum of understanding (MOU) with Shandong New Powder Cosmo AM&T (NPC). A […]
Cadence looks to future value after losses
Cadence Minerals plc swung to a loss during 2021 but said its assets, particularly iron ore and lithium, would perform well in the future. FINANCES In its annual results for the year ended 31 December 2021, the company reported a loss of £0.14m (2020: £7.82m profit) due to reduced realised and unrealised profits and losses for […]
Power Metal receives £4,934 via warrant exercise
Power Metal Resources plc raised £4,934 after receiving notice to exercise warrants over 657,895 new ordinary shares of 0.1 pence each in the company. This was at an exercise price of 0.75p per warrant share.