Power Metal Resources plc has signed a non-binding heads of terms to earn 12.5% in the Block 8 copper concession in the Hazm area of northwestern Oman. EXPLORATION The company and its majority owned subsidiary Power Arabia Ltd reached the deal with Australia-based Alara Resources Ltd and Awtad Copper LLC. Alara’s flagship mining project is the Al Wash-hi […]
Month: November 2024
Guardian outlines more magnetic anomalies at Pilot
Guardian Metal Resources plc has delineated further magnetic anomalies at its Pilot Mountain tungsten project in Nevada, USA. NORTH Inversion modelling of magnetic geophysical data over the Porphyry West target delineated a magnetic anomaly “significantly” larger than the anomaly constituting Porphyry South. The company also identified an additional significant magnetic anomaly, the North Target, in a new […]
Power Metal signs LoI for Qatan earn-in
Power Metal Resources plc has signed a letter of intent for a binding agreement to earn a 49% stake in the Qatan exploration licence in southern Saudi Arabia. HABDAH The deal with Al Masane Al Kobra Mining Company will see Power Metal spend US$3 million on designing, conducting and funding all exploration and resource work. The company […]
Trelavour project deemed ‘nationally significant’
Cornish Lithium plc said that its Trelavour hard rock development could bypass separate approvals processes after the Government deemed it a nationally significant infrastructure project. CONFIDENCE Secretary of state for housing, communities and local government, Angela Rayner, issued the direction, citing the likely “significant economic impact” of the development in “driving growth, nationally and regionally”. […]
Dalradian awaits new inquiry date for mine plans
Dalradian Gold Inc. is awaiting a new date for the public local inquiry on its proposed £750 million gold-silver-copper mine in County Tyrone. DECISION The Planning Appeals Commission (PAC) hearing, due to start on 10 September, was deferred following the Water Appeals Commission’s concerns over two applications relating to water abstraction and storage. Northern Ireland […]
Corcel completes KON-16 survey data acquisition
Corcel plc has competed acquisition of survey data on block KON-16 in the Kwanza Basin, onshore Angola. PROSPECTIVITY Metatek Group began operations for the enhanced full tensor gradiometry survey (eFTG) in June. Following processing and interpretation of the data during Q4, the company will ascertain how to develop the prospectivity of the 1,000km2 block. The data […]