Corcel plc said it had added nickel in its exploration scope at the Dempster vanadium project (50%) in Northern Yukon, Canada. NICKEL The company made the decision, subject to shareholder approval, following a recent external desktop study and a larger review of the project. Corcel added that high grade NiMo layers have been reported in […]
Tag: Corcel plc
Corcel receives analysis report for Wowo Gap
Corcel plc said it had received its externally commissioned Gap analysis report for its Wowo Gap lateritic nickel-cobalt project (100%) in Papua New Guinea. GAP ANALYSIS AMC Consultants Pty Ltd prepared the Gap analysis which builds on the project’s previous owners’ 2010 feasibility study and the 2016 direct shipping ore (DSO) study. The report includes […]
Corcel starts marketing Wowo Gap
Corcel plc said it aimed to capitalise on nickel prices by starting the process for potential farm outs or other funding for its nickel-cobalt project at Wowo Gap in Papua New Guinea. INVESTORS The company added it had engaged an investment bank to market the project following recent movements in the price of nickel and […]
Corcel progresses PNG cobalt-nickel projects
Corcel plc announced progress with its cobalt-nickel projects in east and southeast Papua New Guinea (PNG). MAMBARE The company said its application for a Mambare mining lease is undergoing its final government review, which was likely to be the last step in the process. Corcel is also advancing the project to direct shipping ore (DSO) […]
Corcel grants 21m share options to directors-staff
Corcel plc has granted 20,606,278 five-year share options, of which 8,447,197 are under its existing enterprise management scheme, to directors and key staff. PREMIUM Each option carries one ordinary share of £0.0001 in the capital of the company at a strike price of £0.017, being a 26% premium to the most recent closing price of […]
Corcel chairman converts debt for project funds
Corcel plc’s chairman has converted £128,586 debt into 8,572,400 new ordinary shares, locked up for 18 months, to fund the company’s projects in Canada and Papua New Guinea. LOAN The debt was converted by C4 Energy Ltd, controlled by chairman and director James Parsons. Mr Parsons has now increased his indirect interest in Corcel through […]