Central Asia Metals plc reported an increased dividend from a strong financial performance driven by high commodity prices for its Kounrad copper operations in Kazakhstan and Sasa lead-zinc mine in North Macedonia. DIVIDEND In the company’s unaudited interim results for the six months ended 30 June 2022 chief executive Nigel Robinson announced an increase in […]
Tag: copper
Kavango secures new licence and renews six in Botswana
Kavango Resources plc has been awarded a new licence and renewed six existing ones at its two polymetallic projects in Botswana. PROJECTS The company’s new licence and renewal of five is in the Kalahari Suture Zone project. Kavango has also renewed its licence in its 50-50 joint venture with Power Metal Resources plc, currently under […]
Caerus blocked by military from Kalavasos dumps
Caerus Mineral Resource plc has been blocked by a military buffer zone and refused permission to renew its licence to explore waste dumps for copper and gold at the Kalavasos project in Cyprus. KALAVASOS The company’s subsidiary New Cyprus Copper (NCC) holds four licences in the region as part of Caerus’s ‘clean energy’ initiative with […]
Power Metal granted South Australia IOCG licence
Power Metal Resources plc has been granted its first exploration licence, covering 999km2, for a potential iron oxide-copper-gold (IOCG) deposit in the Anna Creek area of South Australia. GAWLOR CRATON The company submitted an application for two licences in October 2021. Licence EL6819 is valid for six years ending 24 August 2028, subject to a minimum exploration spend of A$100,000 (£59,000) […]
Kavango identifies prospective copper drill target at Mamuno, KCB
Kavango Resources plc said it had identified a large drill target prospective for copper on its Mamuno project area in the Kalahari Copper Belt (KCB), Botswana. MAMUNO The Mamuno project area comprises four of the company’s licences – PL046/2020, PL049/2020, PL052/2020, PL053/2020 – held in a 50-50 joint venture with Power Metal Resources plc. Kavango […]
Chesterfield losses widen as field work progresses
Chesterfield Resources plc losses widened as the company continued field activities at its copper-gold portfolio in Cyprus and Canada. FINANCES The company’s interim results for the first half of 2022 showed pre-tax losses of £491,607 (H1 2021: £433,538). The group’s net cash balance as at 30 June 2022 was £663,226 (H1 2021: £1,504,973). Administration costs rose to £536,739 (H1 2021: £433,538). Chesterfield recorded revenue […]