Guardian Metal Resources plc has purchased the water rights directly adjacent to its Pilot Mountain tungsten project in Nevada, USA. CONFIDENCE The company paid US$350,000, with a further $200,000 on or before 31 January 2025, to Belmont Resources Inc. for water permit 87850 located in the Kibby Basin Valley. On completion, 100% of the rights will be transferred to […]
Metals & Minerals
Clogau blasting reveals visible sulphides-gold
Alba Mineral Resources plc reported “large” amounts of visible sulphide mineralisation in blasted rocks, indicating associated gold mineralisation, at its Clogau-St David’s gold mine. BULK SAMPLE The company has also noted visible gold within the blasted ore. Drilling and blasting at level 5 on the Llechfraith target continues round the clock, with a team of […]
Red Rock pays part of Australia JV share purchase
Red Rock Resources plc has paid part of the amount due to acquire its partner’s 49% share in their Australian gold exploration joint venture. CLNs The company announced earlier this year its intention to purchase Power Metal Resources plc’s share in New Ballarat Gold Corporation plc. NBGC, held by local operator Red Rock Resources Australasia […]
CMR signs offtake for high-grade antimony
Critical Mineral Resources plc has signed its first exclusive off-take contract for high-grade antimony ore mined by a small scale operator in Morocco. UNRIVALLED The renewable six-month contract covers purchase of all crude ore greater than 10% antimony mined at the source. The company, whose main focus is exploration for silver, said that the antimony […]
Power Metal extends deadline for Qatan deal
Power Metal Resources plc has extended the period to finalise a formal binding earn-in agreement for the Qatan exploration licence in southern Saudi Arabia. NAJRAN The company signed a non-binding letter of intent in September with Al Masane Al Kobra Mining Company (AMAK) for a 49% stake in the licence by spending US$3 million. Power Metal and […]
Guardian chairman steps down
Guardian Metal Resources plc non-executive director and chairman David Ovadia has stepped down. His replacement from 11 December is independent non-executive director J.T. Starzecki who will additionally be a member of the remuneration committee. The company has also appointed Benjamin James Hodges as financial director, effective from today. Mr Ovadia was chairman of Guardian and […]