Chesterfield Resources plc said it had completed the initial round of cost efficiencies to minimise the need for dilutive capital raisings. REDUCTIONS The company previously stated it hoped to source the capital from non-dilutive external sources for the development of its Adeline copper project in Labrador, Canada. Chesterfield today added it expected to reduce “ongoing […]
Tag: copper
Chesterfield appoints Ajay Kejriwal as interim CEO
Chesterfield Resources plc has appointed chief financial officer Ajay Kejriwal as interim chief executive officer. Chesterfield said that he would continue as CFO and has agreed to a reduction in renumeration as he increases his responsibilities to the company. During the interim period, Chesterfield will focus on third party transactions following which it intends to […]
Kavango identifies KCB anomalies
Kavango Resources plc said it had identified four anomalies during its drill targeting exercise on its licence PL036/2020 in the Kalahari copper belt, western Botswana. TARGETS The Kalahari copper belt runs ENE-WSW from Botswana into Namibia where “multiple economic” copper-silver sedimentary rock hosted deposits have been discovered. The company’s programme targets PL036/2020, PL082/2018 and Mamuno […]
Power Metal starts next Molopo exploration phase
Power Metal Resources plc said it had started the next phase of exploration ahead of drilling at its nickel-copper-platinum group element (PGE) project at the Molopo Farms Complex in southwest Botswana. WORK The company has engaged Spectral Geophysics to conduct two electromagnetic geophysics surveys for precise targeting of planned diamond drill holes. Power Metal’s technical team has […]
Chesterfield deems secondary listing ‘not prudent’
Chesterfield Resources plc has revised its plans for secondary listings on the Toronto Stock Exchange Venture, Frankfurt and the OTC markets for its copper assets. STRATEGY The move is part of the company’s strategy to unlock value for shareholders from its Adeline project in Labrador, Canada and exploration package in Cyprus. In a statement, Chesterfield […]
Chesterfield executive chairman Martin French resigns
Chesterfield Resources plc said that executive chairman Martin French had resigned with immediate effect to pursue other interests. The company has appointed Paul Ensor as his replacement with immediate effect. “The board would like to thank Martin for his contribution to the company since 2018,” said Mr Ensor. “He has been instrumental in getting the company […]