Metals & Minerals News

Chesterfield agrees sale date for Adeline

Chesterfield Resources plc has reached a deal to complete the sale of the Adeline copper project in Labrador, eastern Canada. OPPORTUNITIES Under the original March 2023 agreement, Sterling Metals will acquire Adeline in exchange for a combination of cash and shares in Sterling. Part payment was issued to Chesterfield in 2023 with the balance due […]

Metals & Minerals News

Chesterfield mulls new investments

Chesterfield Resources plc is considering investing in a “new area of activity” as its optioned partner begins 2,000 metre drilling at the Adeline copper project in Labrador, eastern Canada. EXPLORATION The company, with projects in Cyprus and Canada, last year underwent a change of management, appointed a new executive chairman and began cutting costs. Its […]

Finance Metals & Minerals News

Potential Adeline buyer sets exploration budget

Chesterfield Resources plc noted its potential purchaser of the Adeline copper project has earmarked C$2m (£1.18m) for summer exploration on the asset in Labrador, eastern Canada. ACTIVITIES Sterling Metals aims for a 2,500 metre drill campaign in addition to the C$500,000 (£296,000) airborne survey planned over the licence area. The finance will come from the […]

Metals & Minerals News

Chesterfield potential Adeline buyer withdraws

Chesterfield Resources plc plans to look for an alternative buyer for its Canadian copper project after its potential purchaser withdrew from a conditional acquisition. SCALE The company said that Pacton Gold Inc. did not wish to proceed with the deal on the previous terms, which would have seen Chesterfield receive C$1.25m (£804,000) and C$300,000 (£193,000) for […]