Kavango Resources plc said it had delineated 13 priority target areas in four of its 12 copper-silver prospecting licences (PLs) in the Kalahari copper belt (KCB), Botswana. PROGRAMME The company’s field exploration has for the past 12 months focused on PLs 082/2018, 036/2020, 049/2020 and 052/2020. Kavango added it had finalised a flexible strategy, to […]
Day: 15 November 2024
Shareholders back Ormonde’s €2.3m sale of La Zarza
Ormonde Mining plc has received 99.77% shareholder approval for the €2.3 million sale of its La Zarza copper-gold-zinc project in Spain. ACQUISITIONS The vote was held in the company’s extraordinary general meeting earlier today. Following completion of the sale, Ormonde will become an AIM Rule 15 cash shell and have to make an acquisition or acquisitions constituting […]
New Ballarat exploration manager David Holden resigns as director
New Ballarat Gold Corp’s exploration manager David Holden has resigned as a board director. The joint venture (JV) company comprises Red Rock Resources plc (50.1%) and Power Metal Resources plc (49.9%), and has a 100% interest in Red Rock Australasia Pty Ltd. The JV appointed Mr Holden as a board director in March 2021. Companies House […]
Ormonde cuts losses and considers next projects
Ormonde Mining plc’s “significant reductions” in management salaries resulted in more than halving losses from its base and precious metal operations in Spain. FINANCES For the six months ended 30 June 2022 the company’s results showed post-tax losses of €363,000 (2021: €630,000 loss). Ormonde held €3.4m in cash (€3.7m at 31 Dec 2021). OPERATIONS The company conditionally sold La Zarza for €2.3 […]
Cornish Lithium chooses Ai Process for EPCC at Trelavour
Cornish Lithium Ltd has chosen Ai Process Systems Ltd to provide detailed engineering, procurement, supply and manufacture, installation and commissioning services (EPCC) for the Trelavour hard rock lithium project near St Austell. DEMONSTRATION PLANT The Lancashire-based company will focus on the hydrometallurgical section of the demonstration scale processing plant at Cornish Lithium’s Trelith processing site. […]
Reabold conditionally acquires Simwell
Reabold Resources plc has increased its oil and gas interests with the conditional acquisition of Simwell Resources Ltd. LICENCES The company signed a sales and purchase agreement (SPA) for a total initial consideration, plus repayment of all outstanding creditors/liabilities, of £1 million in part shares-part cash. Reabold said that the deal would substantially increase its footprint […]