Red Rock Resources plc said it had served a precautionary attachment on its local partner, VUP SA, relating to copper-cobalt projects in the Democratic Republic of Congo. ADVICE In March 2019 Red Rock, through its local subsidiary, signed a joint venture agreement with Congolese VUP (Vumilia Pendeza SA) over certain assets in Katanga. The partners […]
Tag: cobalt
Horizonte holds £22m as Araguaia financing nears completion
Horizonte Minerals plc maintained a strong cash position while costs rose during H1 2021 at its Araguaia ferro-nickel project in Brazil. RESULTS In its unaudited interim results for six months to 30 June 2021, the company reported it held £22.2 million following an £18m equity fundraise in February 2021. Pre-tax losses were £2,291,336 (H1 2020: […]
Power Metal nears diamond drilling at Haneti
Power Metal Resources plc has completed plans for a diamond drill campaign at the 5,000km2 nickel-copper-cobalt-platinum group metals (PGMs) joint venture Haneti project in central Tanzania. DRILL PLANS In April, the company’s partner Katoro Gold plc (65%) began the plans which considered all exploration results and extensive technical consultation. Katoro will now submit the drill […]
Caerus sells Black Pine nickel-cobalt project for £500,000
Caerus Mineral Resources plc has sold its non-core Black Pine nickel-cobalt project and associated licences for £500,000 to Aeramentum Resources Pty Ltd. PROJECT Caerus said that the four Black Pine licences, comprising nickel, cobalt and copper, had no exploration expenditure budgeted in the near future. The company added that although nickel-cobalt were essential battery metals, they were not […]
Horizonte awarded power licence for Araguaia nickel
Horizonte Minerals plc has been awarded the construction licence package to develop the power line for its 100% owned Araguaia Ferronickel project in Brazil. The approved package includes the preliminary licence (Licença Prévia), the construction licence (Licença de Instalação), and the related fauna and flora licences. These were granted by the Pará State Environmental Agency, […]
Red Rock quickens to drill stage in Luanshimba
Red Rock Resources plc said it intended to speed up progress towards drilling at its 80% owned copper-cobalt Luanshimba licence in the Democratic Republic of Congo (DRC). The announcement followed further positive results from the ground geophysics programme at the site. The natural resource development company said that the first two phases of the programme […]