Power Metal Resources plc said it had secured an exclusive 60-day option in a potential new acquisition of copper-gold interests in the Paterson Province in the eastern Pilbara Region of Western Australia. MAJOR CENTRES Chief executive Paul Johnson added that the company was keen to build its Australian base and precious metals exploration with the […]
Tag: copper
CAML output steady and debt reduced
Central Asia Metals plc (CAM) reduced company debt during 2020 and maintained steady production at its Kounrad copper recovery plant in Kazakhstan and Sasa zinc-lead mine in North Macedonia. The base metal company’s Q4 and 2020 full year results showed cash in the bank on 31 December 2020 was reported at $47.9 million and gross debt as at […]
Anglesey PEA increases Parys mineable tonnage
Anglesey Mining plc reported major increase in mineable tonnage at its precious and base metals deposits at Parys Mountain in North Wales. POTENTIAL A preliminary economic assessment (PEA) conducted by Micon International Ltd of copper-zinc-lead-gold-silver deposits showed a new estimate of 5.2m tonnes in the indicated category at a combined base metal grade of 4.3%. […]
Power Metal starts RAB drilling at Haneti
Power Metal Resources plc announced it had started its first drill at the nickel-copper-PGM Haneti project in central Tanzania. HANETI The project covers some 5,000km2 in central Tanzania and comprises tenements (prospecting licences, offers and applications) prospective for nickel, PGMs and gold. Power Metal holds 35% interest and Katoro Gold plc holds 65%. TARGETS The programme […]
South Ghanzi JV positive over zinc indications
Joint venture partners Kavango Resources and Power Metal Resources announced “encouraging” zinc concentrations in the Kalahari Copper Belt (KCB), Botswana. Zinc is a recognised pathfinder element for the less mobile copper ions in the soil. The JV expects to conduct airborne electromagnetic geophysics (AEM) surveys over prospective sections of the South Ghanzi project in Q1 […]
Red Rock nears start of Africa-Australia operations
Red Rock Resources plc said its gold-copper-cobalt projects in Africa, Australia and Kenya were moving forward in readiness for operational work in 2021. DEMOCRATIC REPUBLIC OF CONGO Red Rock is completing the first phase of the planned 70.95 km-line ground magnetic survey at Kisinka near Lubumbashi, DRC. Work will resume at the Kolwezi joint venture […]