Corcel plc reported widening losses at the end of year in which it expanded its metals assets in Papua New Guinea (PNG). FINANCES Final audited results for the year ended 30 June 2022 show losses of £2.1 million (2021: 1.2m). Administrative costs rose to £1.26m (2021: 1.0m) reflecting increased insurance costs, professional services costs, share […]
Tag: cobalt
FCM optimistic on further high grade West Pickle Lake results
First Class Metals plc (FCM) said it was cautiously optimistic following results of further high grade nickle sulphides at the West Pickle Lake earn-in joint venture (JV) at its Canadian Schreiber-Hemlo and Sunbeam project. PROGRAMME The JV lies on the eastern flank of FCM’s 100% owned flagship North Hemlo project. Partner and operator Palladium One Inc […]
Corcel enters MoU for metals JV
Corcel plc has entered into a memorandum of understanding (MoU) for a proposed 50-50 joint venture (JV) for its interests in nickel-cobalt in Papua New Guinea (PNG). JOINT VENTURE Corcel and Shandong New Powder COSMO AM&T (NPC)’s JV company will be Integrated Battery Metals (IBM). The partners intend to create a Singapore-based JV which will […]
Horizonte awards feasibility study to Wood for Vermelho
Horizonte Minerals plc has chosen Wood plc for the principal engineering contract to conduct the feasibility study (FS) for its Vermelho nickel-cobalt project in the Pará State, northeast Brazil. VERMELHO Vermelho lies in the Carajás mining district which has developed infrastructure and hydroelectric power as a result of sustained mining activities. The company’s flagship nickel […]
Red Rock signs new Haut-Katanga JV
Red Rock Resources plc announced a new cobalt joint venture (JV) in Haut-Katanga, the Democratic Republic of Congo (DRC). JOINT VENTURE The company’s subsidiary Red Rock Resources Congo SAU (RRRC) entered into an agreement with the Société d’Investissement Minier Akon et Sodimico S.A. (Simaks). The deal will see Red Rock acquire 58% in the Kimono […]
Corcel looks to binding deal for Mambare-Wowo Gap
Corcel plc said that its proposed off-take partner had invited the company to move to a binding agreement for supplies from the Mambare (41%) and Wowo Gap (100%) nickel-cobalt projects in Papua New Guinea. AGREEMENT In January 2022, the company signed a non-binding memorandum of understanding (MOU) with Shandong New Powder Cosmo AM&T (NPC). A […]