Conroy Gold and Natural Resources plc said it hoped to raise £2.25 million to fund its exploration projects and its proposed joint venture with Turkish miner Demir Export AS. The metals mining company, focused on Ireland and Finland, will conduct a placing and subscription to raise some £1.87 million (before expenses). Conroy Gold will also […]
Metals & Minerals
Cornish Lithium welcomes Government’s Integrated Review
Cornish Lithium Ltd has welcomed the support for domestic industries as outlined in the Government’s national security and international policy review. The 114-page Integrated Review of Security, Defence, Development and Foreign Policy looks at Prime Minister Boris Johnson’s vision for the UK in 2030. Aspects covered also include science and technology, the economy, cyber industry, […]
Red Rock-Power Metal increase Victoria licences
Red Rock Australasia Pty Ltd (RRAL) joint venture has been granted two further licences in the Victoria gold fields of Australia. BALLARAT The new five-year licences comprise Blue Stocking (EL007327) 60km2 licence to the south west of Ballarat; and Sardinia (EL007385) 4km2 licence to the north of Daylesford. Partners Power Metal Resources plc (49.9%) and […]
Oriole welcomes funding for Hodine gold exploration
Oriole Resources plc announced that further funding has been agreed for its gold project interest in the Hodine exploration licence, southeast Egypt. AGREEMENT The licence hosts the Anbat and Hutite projects which have “substantial” gold resources. The company holds a 24.92% interest in Thani Stratex Resources Ltd (TSR) which, through its local subsidiary Thani Dubai […]
Power Metal accelerates Silver Peak earn-in
Power Metal said it was accelerating its earn-in and forming a new company for the Silver Peak project, which includes the Eureka-Victoria silver mine, in British Columbia, Canada. The junior miner retains its 30% interest through the new Canadian company, which will hold a 100% interest in the property, and its partners hold the remaining […]
WCM prepares for public inquiry over mine plans
West Cumbria Mining Ltd (WCM) said it was disappointed that the Government had decided to call in and hold a public inquiry on its plans for a metallurgical coal mine off the coast of Cumbria. The miner added it would assess the requirements of the public inquiry process and present a compelling case to the […]