Power Metal Resources plc has been granted its first exploration licence, covering 999km2, for a potential iron oxide-copper-gold (IOCG) deposit in the Anna Creek area of South Australia. GAWLOR CRATON The company submitted an application for two licences in October 2021. Licence EL6819 is valid for six years ending 24 August 2028, subject to a minimum exploration spend of A$100,000 (£59,000) […]
Month: November 2024
Hummingbird completes more than 50% of Kouroussa
Hummingbird Resources plc reported further high-grade assay results and completion of more than 50% of Kouroussa gold mine in Guinea. DEVELOPMENT Final assay results from the 2021 infill drilling campaign relate to 27 drill holes for 4,138 metres at the key deposit of Koekoe (KK) and include 9.0m @ 32.60 g/t from 116m. The new […]
Reabold-Corallian SPA valid for non-Victory licences
Reabold Resources plc said that the conditional sales and purchase agreement (SPA) remained valid for six North Sea licences owned by Corallian Energy Ltd which is engaged in potential sale negotiations. SALE PROCESS Upstream oil & gas investment company Reabold is a 49.99% shareholder in Corallian. In May 2022, Reabold announced that Corallian had received a […]
Alba secures full ownership of Clogau
Alba Mineral Resources plc has completed the acquisition of a further 10% in Gold Mines of Wales Ltd to hold 100% of the Clogau gold project within the Dolgellau Gold Belt in North Wales. SHARES The company will apply for the 200 million company consideration shares to be admitted to trading on AIM. Following admission, […]