Caerus Mineral Resources plc said it ha signed an extension to the option agreement with Jubilee Metals Group plc for the waste-to-revenue Troulli – Kokkinapetra copper-gold project in Cyprus. JOINT VENTURE Caerus said that the extension was for a further 18 months during which it expected to decide on a joint venture (JV) with Jubilee […]
Tag: copper
Caerus signs JV for copper-gold licences in Cyprus
Caerus Mineral Resources plc has signed a joint venture agreement with Bezant Resources plc covering the Troulli, Kokkinapetra and Anglisides copper-gold licences in Cyprus. TERMS The JV began with immediate effect with Bezant’s financial contribution backdated from the start of diamond drilling at Troulli on 16 September 2021. The companies had committed an initial sum of […]
Power Metal investee identifies VTEM anomaly at Pickle Lake
Power Metal Resources plc’s investee has identified a significant multi-line electro-magnetic (EM) anomaly at the nickel-copper Pickle Lake project in the Schreiber-Hemlo belt, Ontario, Canada. JOINT VENTURE The project, formerly known as Pezim II, is a joint venture (JV) between First Class Metals Ltd and Palladium One. In September 2021, Power Metal sold its Schreiber-Hemlo […]
Cornish Metals intersects further high grade metals at United Downs
Cornish Metals Inc. announced further high grade tin-copper-silver-zinc intersections from its diamond drill programme at United Downs, Cornwall. DRILL PROGRAMME The assay results are from holes, UD21-006 and UD21-008, which are part of the continuing drill programme, with reported intercepts being drilled lengths. Chief executive Richard Williams said that the results continued to demonstrate the presence […]
Power Metal exercises option to acquire Pilot
Power Metal Resources plc has acquired the Pilot Mountain tungsten-copper-silver-zinc project in Nevada, United States. GOLDEN METAL The company’s subsidiary Golden Metal Resources Ltd signed the option at the end of August, adding the acquisition to its other projects of Garfield and Stonewall and the right to earn 100% of Golconda Summit. The deal sees Power […]
Power Metal acquires FDR Australia
Power Metal Resources plc has acquired 100% of First Development Resources Pty Ltd (FDR Australia) following the grant of the final copper-gold licence in the Paterson Region of Western Australia. REVISED AGREEMENT Earlier in 2021, the company made an offer, conditional on the granting of the final licence in the Wallal project, for 75% of the Australian company. […]