Chesterfield Resources plc is considering new openings in the United Arab Emirates following the board resignation of 17.9% shareholder Polymetal International’s representative. JUNIPER INTERNATIONAL The move follows the pending sale of Chesterfield shares by Polymetal, represented by non-executive director (NED) Evgeny Vrublevskiy, to private investment holding and advisory company Juniper International FZ LLC. Chesterfield, which has […]
Tag: base metals
CMR completes $525,000 sale of Cyprus copper assets
Critical Mineral Resources plc (CMR) has concluded the $525,001 sale of its Cyprus copper assets to PM Ploutonic Metals Ltd and Indo-European Mining PR Ltd. Staged payments, with dates amended due to market conditions, are expected to complete in December 2023. The completion of the transaction, which began under CMR’s previous name of Caerus Mineral […]
‘Substantial’ copper-in-soil anomaly defined at Mukai
Tertiary Minerals plc has defined a substantial copper-in-soil anomaly from soil samples at the Mukai copper earn-in project in northwest Zambia. HIGH GRADE Analysis using a portable XRF instrument in the field of 526 soil samples showed the “large high-grade” anomaly with values in excess of a 160ppm copper across 1,300m by 400m. Peak soil […]
CMR sets up Morocco ‘incubator portfolio’
Critical Mineral Resources plc (CMR) has started its Moroccan acquisitions with an “incubator portfolio” and a binding deal for an advanced copper-silver project. DISTINCT PROJECTS The company said it had identified a number of open areas prospective for copper, silver, manganese and barite while it continues fieldwork on prospective areas. Local subsidiary Atlantic Research Minerals […]
Ormonde acquires initial 36.2% of TRU
Ormonde Mining plc has completed its 36.2% acquisition in Canadian copper-gold explorer TRU Precious Metals Corp. BOARD COMPOSITION The Dublin-based company has the potential to increase its shareholding to up to 46.0% through the exercise of warrants. Ormonde also has the right to appoint three out of five of the TRU board of directors, subject […]
Tertiary begins soil sampling at Zambia copper licences
Tertiary Minerals plc has started soil sampling at its Zambia copper licences after recently receiving forest permits. PROGRAMME At Konkola West, the company will collect 260 soil samples in the north and northwest of the licence where the main host to copper mineralisation “may be shallower and less steeply dipping” than on the eastern side […]