Cora Gold Ltd is due to begin exploration drilling next week at its 260km2 Madina Foulbé gold permit within the Kenieba project area in east Senegal. TAMBOR Awarded in 2018, the permit is 27km west of the Sadiola gold mine and close to tier 1 deposits of Loulo, Gounkoto and Fekola, within the Kédougou-Kéniéba Inlier […]
Day: 6 November 2024
Star Energy closes new €25m loan
Star Energy Group plc has closed a new €25 million secured loan for continued investment in oil and gas utilising its existing cash flows and its transition to geothermal energy. ADVANTAGES The “tailored” facility with two components is provided by Kommunalkredit Austria AG and matures on 31 December 2028. Facility A will fund repayment of […]
Tertiary to start drilling at Konkola West
Tertiary Minerals plc’s partner will begin drilling later this month to test for deep copper mineralisation in the main ore shale at the Konkola West copper project in Zambia. EXTENSIONS Regulatory approval follows the earn-in agreement between the company’s 96% owned subsidiary, its local partner Mwashia Resources Ltd and the operator-subsidiary of KoBold Metals. The […]
Altona signs Botswana copper-silver option
Altona Rare Earths plc has signed a binding option for the Sesana copper-silver exploration project within PL2329/2023 in the Northwest District of Botswana. FORMATIONS The agreement with Ignate African Mining P/L follows the company’s Zambia metals-diamond acquisition in March as part of its diversification strategy. Sesana lies in the heart of the Kalahari copper belt […]
FCM in talks to sell certain Ontario assets
First Class Metals plc has started discussions on a possible sale of certain of its core and non-core properties in northern Ontario. VALUE Talks with Southport-based Seventy Ninth Resources Ltd, part of asset manager Seventy Ninth Group, aim to establish a commercial heads of terms. Seventy Ninth Resources has since 2011 focused on potential gold […]