Anglesey Mining plc said it had raised a total of £864,416 gross proceeds from a placing and subscription. DEBT RESTRUCTURING A placing of 22,829,705 ordinary shares with institutional and other investors at a price of 3.4 pence per share raised £776,210. Chairman John Kearney and chief executive officer Jo Battershill subscribed for an additional 2,594,284 […]
Tag: copper
Power Metal restructures Australia subsidiary
Power Metal Resources plc has restructured its subsidiary with interests in Australia by acquiring 100% of Pardoo Resources Pty Ltd holding gold-copper interests in the Paterson Province. STRUCTURE Power Metal owns 83.33% of First Development Resources (FDR UK). Pardoo is an Australian exploration holding company which holds projects in trust for First Development Resources Pty Ltd (FDR Australia). In 2021, […]
Caerus notes ‘ready-made’ drill targets
Caerus Mineral Resources plc reported high grade gold assays made for a target ready to drill at its Kambia – Kapedes copper-gold project in Cyprus. KAMBIA The Kambia mine operated between 1952 and 1960 primarily as a pyrite mine and the Kokkinovounaros (Red Hill) auriferous gossan was discovered and mined for a short time during the 1930s. […]
Kavango notes potential second target at Great Red Spot in KSZ
Kavango Resources plc said it had found a second target, similar to the Oylmpic Dam polymetallic operation, in the Great Red Spot (GRS) in its Kalahari Suture Zone (KSZ) nickel-copper project in Botswana. GREAT RED SPOT The company added that the GRS conformed to an idealised model for a large iron oxide copper-gold (IOCG) style […]
Caerus Mineral appoints Richard Hawken as NED
Caerus Mineral Resources plc has appointed Richard Hawken to the board in the role of non-executive director. He joins Andrew Daniels whose position and in-country role in Cyprus remain unchanged. AFRICA Mr Hawken has a long career in mining and exploration in southern Africa. He will be jointly responsible for managing new business acquisitions focused […]
Caerus chairman Michael Johnson retires
Caerus Mineral Resources plc said that one of the company’s founders and non-executive chairman Professor Michael Johnson is to retire. NEW CHAIRMAN He will be replaced by Brian Rowbotham who will assume the role on 16 May 2022. Mr Rowbotham has extensive board level experience in several areas of the financial services sector including investment banking, […]