Anglesey Mining plc reported high grade widths of mineralisation from exploration drilling at the Northern Copper zone at its 100% owned Parys Mountain on the Isle of Anglesey. CONTINUITY The company’s 2023-2024 programme is delineating mineral resource at the copper-zinc-lead-silver-gold volcanogenic massive sulfide project. Drilling is designed to verify the reliability of historical drill holes and […]
Month: November 2024
Borders awards CEO-CFO total 31m share options
Borders & Southern Petroleum plc has issued options over a total of 30.8 million ordinary shares to its chief financial officer and incoming chief executive officer. The company’s remunerations committee awarded the shares of 1 pence each at an exercise price of 2.3 pence, being the closing mid-market price on the London Stock Exchange on […]
Horizonte appoints Graham Crew as interim COO
Horizonte Minerals plc interim chief operating officer Maryse Bélanger will step down from 21 February and be replaced by Graham Crew. Mrs Bélanger’s appointment was one of several management changes announced last November. The company thanked her for her invaluable assistance during its current “challenging period” following rising costs at its Araguaia nickle project in […]
Horizonte estimates 87% rise in plant costs
Horizonte Minerals plc has estimated an 87% increase in total costs to complete the Araguaia nickel plant in Brazil. FINANCING The estimated capital required to complete construction of Araguaia Line 1, commission the project and deliver first metal has been revised to approximately US$454 million. The estimate at completion is currently $1 billion, nearly double […]
Oriole earn-in partner completes option term at Senala
Oriole Resources plc earn-in partner has completed its six-year term and is expected to hold 59% of the Senala gold project in Senegal. DISCUSSIONS Managem Group confirmed to the company that, since the 2018 option agreement, its subsidiary AGEM Senegal Exploration Suarl had spent US$5.8 million on the project. AGEM’s beneficial ownership in the Senala […]
Red Rock CFO Scott Kaintz retires as a director
Red Rock Resources plc’s chief financial officer Scott Kaintz has retired as a director. Mr Kaintz, expected to retire by rotation, was due offer himself for re-election at the company’s general meeting on 16 February. The resolution was withdrawn and Mr Kaintz remains the CFO. All other resolutions were passed on a show of hands.