Central Asia Metals plc (CAM) reduced company debt during 2020 and maintained steady production at its Kounrad copper recovery plant in Kazakhstan and Sasa zinc-lead mine in North Macedonia. The base metal company’s Q4 and 2020 full year results showed cash in the bank on 31 December 2020 was reported at $47.9 million and gross debt as at […]
Metals & Minerals
Anglesey PEA increases Parys mineable tonnage
Anglesey Mining plc reported major increase in mineable tonnage at its precious and base metals deposits at Parys Mountain in North Wales. POTENTIAL A preliminary economic assessment (PEA) conducted by Micon International Ltd of copper-zinc-lead-gold-silver deposits showed a new estimate of 5.2m tonnes in the indicated category at a combined base metal grade of 4.3%. […]
Alba restarts Clogau-St David gold surface drilling
Alba Mineral Resources plc said it had restarted surface drilling at its Clogau-St David’s Gold Mine in North Wales. The critical minerals and precious metals company added it had processed a small bulk sample at a third-party processing facility and results confirmed the production of a 20.7 grams per tonne (g/t) gold concentrate. Alba also […]
WCM nears restart of deep coal mining in the UK
West Cumbria Mining (WCM) said it was delighted that the Government has lifted its holding direction on the company’s proposed deep coal mine near Whitehaven, off the coast of Cumbria. ESTIMATED RESOURCE Secretary of State Robert Jenrick MP has decided not call in the application for him to settle the matter and the plans will […]
Alba renews Limerick zinc-lead licence until 2022
Alba Mineral Resources plc has renewed its exploration licence PL3824 for base metals in Limerick, western Ireland. TERMS The company now has until 26 May 2022 to determine the next phase of exploration which might include drilling key zinc targets. Alba must spend €15,732 by 26 May 2021 and a further €50,000 by 26 May […]
Altus intercepts broad high grade gold at Diba, West Mali
Altus Strategies plc said it had encouraging initial results from its 10,000m reverse circulation (RC) drilling programme at its 100% owned Diba gold project in western Mali. The Africa-focused company also reported discovering two new zones at the Diba NW prospect, 800m northwest of the main deposit. Diba, located in a gold belt hosting numerous […]