Altona Rare Earths plc has signed a binding option for the Sesana copper-silver exploration project within PL2329/2023 in the Northwest District of Botswana. FORMATIONS The agreement with Ignate African Mining P/L follows the company’s Zambia metals-diamond acquisition in March as part of its diversification strategy. Sesana lies in the heart of the Kalahari copper belt […]
Tag: copper
Altona diversifies into Zambia metals-diamonds
Altona Rare Earths plc has diversified its portfolio with an agreement to acquire the 616 km2 metals and diamond Kabompo South project in Northwestern Province of Zambia. EXCLUSIVITY The deal with Sustineri Group Ltd and with the beneficial owners of Phelps Dodge Mining (Zambia) Ltd is for the entire issued share capital of Phelps Dodge, holder […]
CMR plans further exploration on positive Ifri results
Critical Mineral Resources plc plans further exploration following positive initial prospecting at Ifri in the Anti-Atlas, Morocco. DEPTH The project demonstrated copper and silver in multiple shear zone and quartz vein structures with some structures containing gold mineralisation. Channel sample assays include 3.1% copper and 17 g/t silver, 1.95% copper and 15 g/t silver, and […]
CAML targets stake in Aberdeen Minerals
Central Asia Metals plc, focused on North Macedonia and Kazakhstan, has conditionally invested an initial £3 million for a 28.7% stake in explorer Aberdeen Minerals Ltd. DRILLING With a footprint of 7,400ha (75km2) agreed with landowners, Aberdeen is exploring for nickel, copper and cobalt at the Arthrath project in Aberdeenshire, northeast Scotland. The company states […]
CRL increases exploration area with Duchy agreement
Cornwall Resources Ltd has increased its footprint fourfold in East Cornwall/Tamar Valley under a three-year exclusivity and prospecting agreement with The Duchy of Cornwall. MINING AREAS The company said that the deal was the first of its kind in modern times and aimed to advance “commercialisation of The Duchy’s mineral rights.” CRL will have exclusive […]
Tertiary to own 90% of Zambia copper assets in new JV
Tertiary Minerals plc will control 90% of its Zambia copper projects under a signed new joint venture agreement with its local partner. STRUCTURE The deal covers the Jacks, Mukai and Mushima North exploration licences currently 100% held by partner Mwashia Resources Ltd. The agreement results in a new Zambian company (Newco) of which Tertiary’s 96% […]