Alba Mineral Resources plc will next month begin bulk sampling from the Llechfraith target and the waste tip at its Clogau-St David’s gold mine, North Wales. FEASIBILITY Extraction of 120 tonnes of fines from the waste tip will begin with trenching planned for April. Processing of bulk samples to gold concentrate will be in May […]
Month: November 2024
Angus Energy chairman Patrick Clanwilliam resigns
Angus Energy plc non-executive chairman Patrick Clanwilliam has resigned. Mr Clanwilliam joined the company’s board in 2019 and became interim chairman in August 2023. Non-executive director Krzysztof Zielicki will act as interim chairman until a successor is found. “We are very grateful to Paddy for his leadership and wise counsel during the five years of […]
FCM grows portfolio with Quinlan lithium earn-in
First Class Metals plc has grown its portfolio with a 100% earn-in agreement of the Quinlan lithium property comprising 98 claims in NW Ontario. FAVOURED The cash-shares deal with Broken Rock Resources Ltd involves “low execution costs” and a commitment to year one field work. FCM has staked 50 claims and has an option over […]
FCM awarded C$200,000 for Zigzag exploration
First Class Metals plc has been approved a maximum C$200,000 grant for work completed on the polymetallic Zigzag property in northwest Ontario. PIVOTAL The award from the Ontario junior exploration programme (OJEP) is the company’s second following the North Hemlo grant in March 2023. The money covers up to a maximum of 50% of exploration […]
Hummingbird denies Kouroussa contractor claims
Hummingbird Resources plc has rejected accusations, including of money owed, from its mining contractor which has suspended operations at Kouroussa gold mine in Guinea. FAILURES The company said it disagreed with Corica Mining Services’ “highly misleading” public statement. “Specifically, the company disputes the accuracy of the balance quantum of monies due and the requirement for […]
United shareholders back ‘crucial’ £1m fundraise
United Oil & Gas plc has received its shareholders’ support for February’s £1 million discounted conditional fundraise via a placing. Voting remained open for three days until 18 March and the general meeting adjourned until today. United had warned that its future would be under threat if its investors refused to back the fundraise. The […]