Kavango Resources plc’s chairman and non-executive director Douglas Wright will resign at the end of 2020 to concentrate on his other business interests. Mr Wright joined the company as non-executive chairman prior to its admission to the Official List in 2018 and helped guide the company through the IPO process. Kavango co-founder and non-executive director Mike […]
Metals & Minerals
Hummingbird to extend drilling at Yanfolila gold mine
Hummingbird Resources plc said it has extended its drilling campaign after it intersected new zones mineralisation and found improved grade continuing at depth at its Yanfolila gold mine in Mali. The company has been conducting its final drilling programme at the Sanioumale East (SE) deposit. Results show that at 8m at 2.68 g/t from 112 m […]
Power Metal intersects conductive target at Molopo
Power Metal Resources plc intersected a conductive target in the second hole of its nickel sulphide-platinum group metals drill programme at Molopo Farms Complex in Botswana. PRIORITY TARGETS Hole 1-6 was drilled more than 500m with a further 100m expected to meet a “significant” target. The drill programme, for an initial 2,505m in four diamond […]
Banks debates next step after refusal for Dewley Hill coal mine
Banks Mining is considering its next move after its plans were refused for an open cast coal mine over 250 agricultural acres at Dewley Hill, near Throckley on the border of Newcastle and Northumberland. Newcastle City Council unanimously refused permission at a planning committee meeting last Friday (18 December). The company described the decision as a […]
Red Rock steps into Adidi-Kanga gold dispute
Red Rock Resources plc has entered into two deed agreements following a dispute involving Vector Resources Ltd (VEC) which holds 60% of the Adidi-Kanga gold project in the Democratic Republic of Congo. ARBITRATION Chairman Andrew Bell said that the company was “well positioned” to play a constructive role given its familiarity with VEC, which has […]
Red Rock marks record production at Tshipi
Red Rock Resources plc announced record production during October at its manganese-iron ore interests in Jupiter Mines Ltd in Northern Cape, South Africa. FINANCES Cash generated from operations at Tshipi Borwa mine during the third quarter was reported at AU$ 42.1m. Average FOB cost of production fell from Q2 to Q3 by approximately 15%. Cash […]