Legal Metals & Minerals News

Strike-off notice for Red Rock-Power Metal JV

Posted on Author editorial Comment(1)

Red Rock Resources plc and Power Metal Resources plc’s joint venture exploring for gold in Australia has been given first Gazette strike-off notice by the Companies Registrar.

Companies House today published the notice to New Ballarat Gold Corp which owns 17 licences over 1,867km2 and the historic Berringa gold mine in the Victoria gold fields.

The notice reads that unless cause is shown to the contrary, New Ballarat Gold will be struck off the registrar and dissolved not less than two months from 22 August 2023.

In the event of the company’s dissolution, “all property and rights vested in, or held in trust for, the company are deemed to be bona vacantia, and will belong to the Crown”.

Red Rock holds 50.1% and Power Metal owns 49.9% of the Red Rock Australasia Pty Ltd joint venture which is held in New Ballarat Gold.

Related Articles
Finance Metals & Minerals News

Weardale signs MoU to supply battery chain hub

Posted on Author editorial

Weardale Lithium Ltd has signed a memorandum of understanding (MoU) to supply a battery chain hub in the North East of England. PARTNERSHIP The County Durham-based company is developing a potential domestic resource of sustainable “green” lithium from naturally occurring geothermal brines. The MoU is with Tees Valley Lithium Ltd (TVL) for refining lithium at Wilton […]
ESG Metals & Minerals News

Tungsten West spending and losses rise

Posted on Author editorial

Tungsten West plc recorded a loss of £5.1 million and increased spending to £6.4m during the first half of 2022 at its Hemerdon tin-tungsten project near Plymouth in Devon. EXPECTATIONS The group’s H1 results for the six months ended 30 September 2022 were marked by the departure of co-founder and chief executive Max Denning and […]
News Oil & Gas

Biscathorpe JV wins appeal for side-track

Posted on Author editorial

Egdon Resources Ltd and its partners have won an appeal for side-track drilling operation, testing and long-term oil production at the Biscathorpe-2 well site in the Lincolnshire Wolds. POTENTIAL PEDL253 holders Union Jack Oil plc (45%), operator Egdon (35.8%) and Montrose Industries Ltd (19.2%) secured permission after Lincolnshire County Council last year rejected their application. […]

One Reply to “Strike-off notice for Red Rock-Power Metal JV”

  1. Pingback: Strike-off action stopped for Red Rock-Power Metal Australian JV - Extractive Industries

Comments are closed.