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 […]
Tag: copper
Oriole notes revised EIA submitted for Muratdere
Oriole Resources plc said that a revised environmental impact assessment (EIA) report has been submitted for its Muratdere copper-molybdenum porphyry development project in Turkey. HISTORY Oriole operated the project from 2005 to 2011, delivering a JORC-compliant inferred resource of 51 million tonnes grading 0.36% Cu, 0.12 g/t Au, 2.40 g/t Ag, 0.0125% Mo and 0.34 […]
Ormonde reviews Africa-Europe opportunities
Ormonde Mining plc said it was reviewing a range of new opportunities for base and precious metals, battery metals and precious stones in Africa and Europe. FINANCES The company made the announcement in its final results for the year ended 31 December 2021 which showed a total comprehensive loss of €1.6 million, including €400,000 asset […]
Tertiary completes first drill at Jacks
Tertiary Minerals plc said it had completed its first drill programme at the Jacks copper project in Zambia. JACKS The project lies within exploration licence 27069-HQ-LEL, held by the company’s local partner Mwashia Resources Ltd. Tertiary has an exclusive option to earn up to a 90% joint venture (JV) interest in the licence. PROGRAMME The […]
Anglesey encouraged by first Parys infill drill results
Anglesey Mining plc said the first assay results were encouraging from the initial four holes of infill drilling at its polymetallic project at Parys Mountain on Anglesey, northwest Wales. INFILL DRILLING The company, exploring for copper, zinc, lead, silver and gold volcanic massive sulphide deposits at the site, conducted infill drilling of the White Rock […]
Altus receives record $1.5m from Caserones
Altus Strategies plc said higher prices and production resulted in a record quarterly royalty pre-tax income of US$1.54 million for Q1 2022 from the Caserones copper mine in northern Chile. CASERONES The Caserones mine is a large, open-pit copper-molybdenum porphyry deposit, located within a 17,000 hectare land package approximately 4,300m above sea level in the […]