Chesterfield Resources plc has raised £700,000 by way of a placing and subscription of 10,000,000 new ordinary shares of 0.1 pence each at 7 pence per share. Each two placing shares will have one warrant attached, exercisable at 12p per ordinary share for the period of 24 months from the date of admission of the placing […]
Tag: copper
Chesterfield board member Peter Damouri to step down
Chesterfield Resources plc announced that Peter Damouri will step down from the board. The company said that Mr Damouri had accepted a senior executive function elsewhere. He invested £100,000 in Chesterfield in the latest funding round and will continue to be closely associated with the company as an advisor.
Chesterfield notes positive Adeline assays
Chesterfield Resources plc reported positive copper and silver assay results at its Adeline project in Labrador, eastern Canada. DRILLING The company completed a three-month field programme comprising chip and rock samples from multiple targets. Chesterfield also reported encouraging historical surface sampling results and drill intersections from its six-month desktop and data compilation study. At the […]
Power Metal starts drilling at Haneti
Power Metal Resources plc has started its inaugural 1,000 metre diamond drill programme on the nickel-copper-cobalt-platinum group element (PGE) joint venture (JV) Haneti project in central Tanzania. PROGRAMME The JV, comprising Power Metal (35%) and Katoro Gold plc (65%), renewed the Haneti licences for a further seven years before the start of drilling. The programme comprises three […]
Ascent signs JV for Peru secondary mining and recovery
Ascent Resources plc said it would focus its environment, social and governance (ESG) projects on secondary mining and recovery in Peru. JOINT VENTURE The company has signed a joint venture (JV) agreement with Lima-based investment manager Blanco Safi SAC to identify and develop precious and base metal-rich tailing and processing operations. Founded in 2010, Blanco’s […]
Kavango identifies strong gravity anomaly in KSZ, Botswana
Kavango Resources plc has identified a strong gravity anomaly over the 11km diameter Great Red Spot (GRS) at the company’s copper-nickel-PGM Kalahari Suture Zone (KSZ) project, Botswana. GRAVITY SURVEY In December 2021, Kavango conducted a gravity survey over the GRS in Target Area B, covering boreholes KSZDD001 (1,000m) and KSZDD002 (currently 390m). The company acquired […]