Kavango Resources plc has exercised its call option over the Hillside and Leopard South projects in Zimbabwe. The company said it intended to extend the call option on Leopard North to 30 June 2025. Purchase agreements for Hillside and Leopard South are being drawn up with completion scheduled for 15 May 2024. In January, Kavango […]
Month: September 2024
Put option exercised over 99m Corcel shares
Corcel plc said that the put option agreement over 99m shares of the company, representing 4.87% of the ordinary shares currently in issue, has been exercised with Extractions Premium & Mining Ltd (EXT). EXT, which currently holding 21.26% of Corcel, will also acquire an additional 100m new ordinary shares of Corcel following a forthcoming general meeting […]
Alba signs West Pilbara lithium option
Alba Mineral Resources plc has signed a 30-day option to buy an initial 50% of the Andover West lithium project in the West Pilbara, Western Australia. SIGNIFICANT The project comprises exploration licence E47-3373 (AW1), of 10 blocks over 10.9 square miles, due to expire on 4 November 2024 with the right for the licence holder to […]
Serica starts up to 38m share buyback
Serica Energy plc has started its inaugural share buyback programme of up to 38,322,063 ordinary shares of US$0.10 each in the company for up to a maximum £15 million. STRATEGY The company’s shareholders authorised the programme at the 2023 general meeting. “The decision to initiate a buyback follows extensive discussions by the board,” said chairman […]
Power Metal intersects Molopo superconductor
Power Metal Resources plc has intersected the targeted steeply dipping geophysical superconductor at Molopo Farms Complex, southwest Botswana. ANALYSIS The company is targeting a district-scale nickel and platinum group element (PGE) discovery at the project. Diamond drilling on DDH1-14C began in February and has now completed to a final depth of 832.6 metres at the high priority […]
Kavango produces first refined gold
Kavango Resources plc’s first monthly production nearly reached the company’s 2024 target at its Hillside gold project in Matabeleland, southern Zimbabwe. INCREASE Final refined gold production in March was 899.6g of gold, which is anticipated to show a “significant increase” as direct mining begins. Any surplus generated will be used in its exploration programmes in […]