Chesterfield Resources plc said it planned to surrender some of its Cyprus licences over the next six months to reduce unnecessary spending and potential shareholder dilution. COSTS The company added it would continue to advance its “most highly prospective” retained Westline and Orchard core assets. Chesterfield will reduce its Cyprus portfolio from 26 licences covering […]
Month: November 2024
Cornish Metals advances work streams at South Crofty
Cornish Metals Inc said it had progressed the dewatering programme, feasibility study (FS) and exploration of additional mineral rights at the South Crofty tin project in Cornwall. WATER TREATMENT PLANT The Canadian company has completed 75% of the detailed designs of the water treatment plant (WTP) with commissioning on schedule for June 2023 at a […]
Power Metal notes 175m mineralisation at Tati
Power Metal Resources plc reported further high gold grades and 175 metres continuity of gold mineralisation in its final assays from the drilling programme at Tati near Francistown, Botswana. RESULTS The results, from six remaining holes, follow last week’s positive results from the first three drill holes of the nine-hole reverse circulation (RC) programme on […]
Cora exploration target estimate adds 1.3Moz gold
Cora Gold Ltd reported an exploration target estimate of 26.0 Mt to 35.2 Mt indicating a possible increase in resource at its flagship Sanankoro project in southern Mali. ESTIMATE Chief executive Bert Monro said that the exploration target showed the potential for an additional 1.37 Moz of gold above the company’s existing 920 koz mineral […]
CAML clears $187m debt for Sasa mine
Central Asia Metals plc has, after five year’s ownership, repaid the $187 million debt it needed to acquire the Sasa zinc-lead mine in North Macedonia. FINANCES The company is marking its fifth anniversary with a list of achievements during that time period. On 6 November 2017, Central Asia Metals bought Sasa, which began production in […]
Baron receives £117,125 via warrant exercise
Baron Oil plc received £117,125 following notice for the exercise of warrants to subscribe for 117,125,001 new ordinary shares of 0.025p each in the company. The exercise price of these warrants is 0.1 p per new ordinary share. Baron Oil said that following the exercise of these warrants there would be no further warrants over the company’s […]