Alba Mineral Resources plc said it had a “highly creditable” result from processing fines from the surface waste tip at its Clogau-St David’s gold mine in north Wales. HISTORICAL Trench one revealed 16.4 grams equating to back-calculated head grade for the -20mm fines material of 3.83 g/t from trench one. Trench three resulted in 14.2 grams, […]
Month: December 2024
Guardian receives £15,000 via warrant exercise
Guardian Metal Resources plc received £14,999.95 following notice to exercise warrants over 88,235 new ordinary shares of 1 pence in the company at 17p per warrant share. Following admission the company’s issued share capital will comprise 110,107,858 ordinary shares of 1p each, with voting rights. Guardian is exploring for tungsten, industrial garnet, copper, lithium and precious metals in […]
Biscathorpe oil production consent quashed
Egdon Resources plc and the Government have conceded that permission has been quashed for oil production at Biscathorpe in the Lincolnshire Wolds. IMPLICATIONS The move follows last month’s Supreme Court landmark ruling that a consent, issued in 2019 for oil production at Horse Hill in Surrey, must include end-use emissions. Biscathorpe lies within licence PEDL253 […]
WCM coal mine approval was “error in law”
West Cumbria Mining Ltd’s plans for a new deep coal mine again face uncertainty after the new Labour Government said that the initial 2022 approval was an “error of law”. NET ZERO The Government’s words, said yesterday to the BBC, follows the Supreme Court’s ruling that oil production at Horse Hill in Surrey must include […]
Sunrise notes drilling to extend Pioche deposits
Sunrise Resources plc expects phase II drilling and trenching to begin this weekend at its Pioche sepiolite project in Nevada, USA. OBJECTIVE Option holder and operator Tolsa USA Inc has received approval for the programme from the Bureau of Land Management. Following mobilisation of a rig, drilling will immediately begin to extend the known “extensive” […]
Cadence raises £750,000 for Amapá
Cadence Minerals plc has raised a total £750,000 via an 18% discounted placing and a directors’ subscription for the Amapá iron ore project in northeast Brazil. AMAPA The company raised £625,000 before expenses by placing 25 million new ordinary shares, at 2.5 pence per ordinary share. Non-executive chairman Andrew Suckling, chief executive Kiran Morzaria, and […]