Cornish Metals Inc will refurbish New Cooks Kitchen shaft ahead of schedule to ensure safety and allow larger equipment to access South Crofty tin mine at an earlier stage. FUNDING The company said it would reallocate proceeds from the May 2022 fundraising for the work. The rate of mine dewatering will also be reduced, with […]
Month: November 2024
FCM drill results show additional metals at Zigzag
First Class Metals plc drilling results “exceeded expectations” and revealed additional metals at its Zigzag lithium property in the Seymour-Falcon corridor, northwest Ontario. EXPANSION Last December’s inaugural drill comprised 10 diamond drill holes for under 500m. Nine of the holes targeted the pegmatite with two ‘step-back’ holes and the tenth drilled as a scissor. FCM […]
Horizonte again defers Araguaia loan interest payment
Horizonte Minerals plc has again deferred waivers including interest due on the interim funding package for the Araguaia nickel project in northeast Brazil. PROTECTIVE Senior lenders had extended the waivers, originally due on 31 December 2023, to the end of February and have now agreed a new date of 29 March. Horizonte said it was […]